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Tesla stock plunged by 15%, wiping out all the gains it had made after the U.S. presidential election. The decline followed an analyst’s lowered delivery forecast, which triggered a wave of selling and increased pressure on the stock. Tesla had experienced a surge in stock value after Donald Trump’s election victory, reaching its peak in …
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President-elect Donald Trump has appointed Elon Musk and former presidential candidate Vivek Ramaswamy to co-lead a new Department of Government Efficiency. Announced on Tuesday, this department aims to streamline government operations and curb bureaucratic waste. Trump said that Musk and Ramaswamy would focus on “dismantling bureaucracy, slashing regulations, and restructuring federal agencies.” This new …
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It might seem that Tesla has canceled the production operations in the Shanghai plant because of the coming year-end holidays but that is not the case. On Saturday, Tesla informed their workers to suspend the production sector and take a break. The Autocar company did not explain and gave any sort of explanation to the …
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The major electric car company Tesla is showing a significant decline in the share market as Elon Musk sold $3.2bn in shares Elon Musk recently sold 22 million shares of Tesla worth $3.2bn. According to the US financial regulator, Elon Musk sold Tesla shares worth $40 billion. The selling of the shares is decreasing the …
Forbes released the list of the richest men in the world and Elon Musk has lost his top position to CEO of LVMH The chief executive officer of Louis Vuitton, Bernard Arnault is the richest man in the world at the moment according to Forbes and Bloomberg. Louis Vuitton is a luxury goods brand that …
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Tesla Owner Elon Musk took over Twitter this year in October and since then, he has been bringing changes to the firm. Firstly, he brought changes and fired a good number of the company’s staff. Some of the staff left by themselves. Then, Tesla’s owner intensified the work schedule and working hours to increase productivity. …
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Twitter owner Elon Musk says that Twitter signups are all-time high at the moment amidst the news that Twitter is losing users Twitter has been under scrutiny since Tesla owner Elon Musk took over the social media giant platform under his wing. Since then, he has expelled thousands of employees, changed top positions in the …
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The owner of the Twitter tech giant, Elon Musk said that banning Donald Trump’s Twitter account was a mistake The former president of the US, Donald Trump was banned from Twitter by the company in 2021. Twitter believed that the ex-president was involved in inciting individuals to attack Capitol in Washington, spreading hate speech, and …
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Elon Musk, the Tesla chief executive, once tweeted, “is Twitter dying?’ in April before buying the extensively popular social media platform. But his words are becoming a reality. It has been found that many celebrities have been ghosting their accounts. The research team of twitter observed a decline in the active users or ‘heavy tweeters’. …
Elon Musk, the owner of the American electric car maker Tesla, has said he will “shut down” his company if it is proved that his company’s cars were used to spy on China. Elon Musk’s statement came in response to reports that the Chinese military has banned Tesla at all its stations. The Chinese military …
Bitcoin, on Tuesday, surged above $50,000 to a new record high, building on a rally sparked by signals that institutional investors are increasing recognition of the world’s biggest cryptocurrency. With Bank of NY Mellon and Mastercard having affirmed it last week, bitcoin holders who see it as the prospect of finance are moving a big …
Mastercard (MA) plans to provide merchants with the possibility of accepting cryptocurrency payments later this year. The feature would see Mastercard customers’ digital currency purchases resolved in crypto at participating retailers, a first for the financial giant, according to a source familiar with the matter. The firm has not yet revealed the, or when, digital …
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