Spencer Platt/Getty Images According to Reuters, US stocks were mixed in the last week of 2022 trading. This was because the slowdown at China's Shanghai factory continued through January. The final week of US trading in 2022 saw stocks finish mixed as the so-called Santa Claus rally, which typically closes each year, failed to materialize. Despite new signs that China is shedding its zero … [Read more...]

[TAG0][TAG1] Esther Crawford was seen sleeping on the floor at Twitter HQ shortly following Elon Musk's purchase of the company. According to reports, Crawford, a Twitter manager who was regarded as embodying Musk’s "hardcore” work culture, has since been laid off. Crawford tweeted Sunday that she didn't regret going "all in on Twitter 2.0." After being … [Read more...]

[TAG0][TAG1] Warner Bros. Warner Bros. Due to the huge success of "Hogwarts Legacy", the media giant has seen its stock surge 64% this year. The Harry Potter-themed video game has been a huge success, bringing in $850,000,000 in its first two weeks of launch. Warner Bros. Discovery's stock has seen a strong comeback in this year, surpassing its S&P 500 … [Read more...]

Elon Musk, Jeff Bezos.John Locher/AP/Odd Andersen/AFP via Getty Images Eight of the richest Americans have had their fortunes reduced by close to $400 billion this year. Elon Musk's net worth shrank by $140billion, while Jeff Bezos has lost $86billion. This is due to rising interest rates and historic inflation. As historic inflation, high interest rates and rising fears of recession continue to … [Read more...]

Paul Krugman.BI Paul Krugman said Tesla was like bitcoin and that hype and faith underpin both asset's prices. Krugman joked about Elon Musk and how he would not trust him to feed his cat. Paul Krugman compared Tesla stock with bitcoin. He said hype and faith underpin both assets’ valuations. Krugman also joked that he would not trust Elon Musk to care for his cat. Between the November 2021 … [Read more...]

[TAG0][TAG1] Former Ford CEO Mark Fields said that Tesla remains the EV market leader. CNBC reported that he said Thursday that smaller players in the field could fail or be bought out by rivals. Fields stated that it is only going to get more difficult, particularly at the higher end of the price range, where there is fierce competition. Mark Fields, former chief executive … [Read more...]

---------------------------------------------------------------------------------------------------------------------------------------By: Oliver HaslamTitle: Refreshed Tesla Model 3 Spotted With Updated WheelsSourced From: www.redmondpie.com/refreshed-tesla-model-3-spotted-with-updated-wheels/Published Date: Thu, 23 Feb 2023 18:27:33 +0000 … [Read more...]

[TAG0][TAG1] Elon Musk stated that he intends to have someone else take over as Twitter CEO at the end of 2023. He stated that it would be "good timing", to hand over the controls at end-2023, as Twitter should then be "stable". Musk stated that he needs to ensure that Twitter is financially healthy. Elon Musk stated that he will find someone to replace … [Read more...]

[TAG0][TAG1] According to S3 Partners, short sellers of Tesla have made $7.2 billion in 2023 losses. The stock of the EV manufacturer soared 86% in the past year amid a wider tech rally. Ten of the most shorted stocks, which includes Meta and Apple, suffered losses totalling nearly $17 billion this year. Those who bet against Tesla feel the pain, as Tesla's stock gains … [Read more...]