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Tag: Elon Musk
There’s something weird going on in today’s oil rally
WTI futures have topped $60 a barrel, a 12-month high.
Move over Bitcoin—SPAC mania has overtaken the markets
Good morning. U.S. futures are nudging higher ahead of today’s jobless-claims data dump. Why should investors care about something as mundane as jobs? Answer: because the U.S. labor market is a “long way” from healthy, says Fed Chairman Jerome Powell, and that weakness will hamstring the central bank’s monetary policy going forward. But never mind […]
The TINA trade is pushing stocks into record territory. What’s the TINA trade?
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Buongiorno. Global stocks are heading back to record territory this morning, and U.S. futures too are rebounding on another solid run of earnings from the likes of Twitter and Lyft yesterday. […]
Tesla buys $1.5 billion in bitcoin, sending its price soaring
Enlarge (credit: Aurich Lawson / Liesa Johannssen-Koppitz/Bloomberg via Getty Images) The price of bitcoin rose to a new record above $43,000 on Monday after Tesla reported that it had purchased $1.5 billion of the world’s most valuable cryptocurrency. In a regulatory filing, Tesla also announced that it expected to “begin accepting bitcoin as a form […]
Elon Musk is never boring
In a perfect world, or at least one where “fate loves irony,” as Elon Musk mused philosophically last night on Clubhouse, Fortune’s annual survey seeking to crown the most underrated and most overrated CEOs would find the Tesla and SpaceX leader atop both lists. That would probably be how I would vote, given my defense […]
Tesla debuts cheapest Model Y SUV yet. Here’s how much it costs
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Tesla quietly introduced a new version of its Model Y sport utility vehicle Thursday evening that it part of the company’s effort to produce more affordable cars. The vehicle’s base price is $42,000, making it […]
Elon Musk is the world’s richest person
Enlarge (credit: Aurich Lawson vs Disney) Elon Musk has become the world’s richest man, surpassing previous record-holder Jeff Bezos, according to CNBC. Musk is now worth more than $180 billion. Musk’s rising wealth reflects the meteoric rise of Tesla’s stock. The company’s share price closed at $816 on Thursday, up almost 8 percent for the […]
Elon Musk beats Jeff Bezos to become world’s richest person
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The South Africa-born engineer’s net worth […]
Musk States Apple passed Tesla Purchase three years Back
Expand / A Tesla Model 3 has been observed in the overall assembly line in the Tesla factory in Fremont, California, in July 2018. (charge: Mason Trinca for The Washington Post through Getty Images) A number of decades back, Elon Musk attempted to appeal Apple CEO Tim Cook in purchasing Tesla, Musk said in a […]