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...]

[TAG0][TAG1] Prem Watsa stated that growth stocks are now more overvalued than they were during the dotcom boom. According to "Canadian Warren Buffett", tech stocks are extremely overpriced in comparison to value stocks. Fairfax Financial Chief and billionaire investor, Fairfax Financial, warned that growth stocks could plummet. The "Canadian Warren … [Read more...]

[TAG0][TAG27] Sam Altman, CEO of OpenAI, has made investments in many tech and energy companies. He was the principal investor in rounds of companies such as Reddit, Helion Energy and Asana. Neuralink, a brainchip company that Elon Musk founded with OpenAI, was also his investment. These are his most noteworthy investments. Neuralink[TAG1][TAG28] According to … [Read more...]

Reader, do you live with your parents? I don't. I am Diamond Naga Siu and may have made the wrong decisions in my life. Insider spoke to a 25-year old about her extravagant lifestyle, which she credits to not having to rent. She enjoys weekend trips, luxury goods, and drives a decent car. She is part of a growing trend in young people who live in multigenerational homes. A study revealed … [Read more...]