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Tesla Falls On Growing Angst Over Musk's Focus On Twitter
Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker's brand.
Read More →Tesla Falls On Growing Angst Over Musk's Focus On Twitter
Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker's brand.
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Elon Musk's Vow To Not Sell More Tesla Stock Fails To Calm Investors
Tesla shares are down 64% for the year, in what could be their worst annual performance since going public in 2010 as investors worry that Twitter was consuming much of the billionaire's time.
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Israeli Startup Makes Inroads With Personal Flying Vehicle
The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.
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Investor In Musk's Twitter Buyout Expects To Make Up To Five Times Its Money
One of the biggest investors in Musk's acquisition of Twitter, Aliya Capital Partners LLC, said it expects to make up to five times its money despite the social media company's problems.
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TuSimple Plans To Layoff Half Its Workforce Next Week - Report
Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.
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Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant
Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.
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China's CATL To Provide EV Batteries For Honda Starting In 2024
CATL would supply batteries for seven years for Honda's electric vehicles in China.
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Swedish Self-Driving Truck Start-Up Einride Raises More Cash
Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.
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Toyota Launches Second Hybrid Vehicle In India Amid Green Car Push
Toyota launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.
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Japan Lawmaker Says TSMC Is Considering Second Plant In Japan
A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.
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Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYD
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%
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U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit Use
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.
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Oil Muted As Price Cap Proposal Eases Supply Concerns
A bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.
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Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's Oil
Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.
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Oil Prices Fall 2% As Chinese Demand Worries Linger
U.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.
Read More →Oil Prices Fall 2% As Chinese Demand Worries Linger
U.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.
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OPEC+ Meeting To Take Into Account Market Conditions: Report
OPEC+'s October decision to reduce production by two million barrels per day (bpd) had played an important role in stabilising global markets, Saadoun, who serves as Iraq's delegate to OPEC, said.
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India Shares Defy Global Weakness, On Oil Slide To Close At New Record
The NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.
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India To Receive First LNG Cargo From Indonesia's Tangguh LNG
The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv.
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