Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Elon Musk‘s 2018 CEO pay package from Tesla, worth some $56 billion when it vested, must be restored, the Delaware Supreme Court ruled Friday. “We reverse… Continue reading Elon Musk’s 2018 Tesla pay package must be restored, Delaware Supreme Court rules
Author: CNBC Online news
Classic-car market poised for strong 2026, says Hagerty CEO
watch now A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The strength in the classic-car market is expected to continue in 2026 as a new generation of collectors revs up demand,… Continue reading Classic-car market poised for strong 2026, says Hagerty CEO
Wall Street banked on a flurry of deals under Trump in 2025. It wasn’t that simple
The Wall Street Bull statue covered in snow on Nov. 15, 2018. Erik Mcgregor | Lightrocket | Getty Images Wall Street expected U.S. mergers and acquisitions to roar back in 2025. The reality was something closer to fits and starts. Following the election of President Donald Trump more than a year ago, executives and bankers… Continue reading Wall Street banked on a flurry of deals under Trump in 2025. It wasn’t that simple
California judge rules that Tesla engaged in deceptive marketing around Autopilot
Tesla electric vehicles (EV) in front of the company’s store in Colma, California, US, on Monday, Nov. 10, 2025. David Paul Morris | Bloomberg | Getty Images A California administrative law judge has ruled that Tesla’s marketing around its “Autopilot” and “Full Self-Driving” systems was deceptive, and that the company should face a 30-day suspension… Continue reading California judge rules that Tesla engaged in deceptive marketing around Autopilot
Tesla stock closes at record as investors rally around Musk’s robotaxi hype despite slow EV sales
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters What started off as a particularly rough year for Tesla investors is turning into quite the celebration. Following a 36% plunge in the first quarter, the stock’s worst period since 2022, Tesla shares have… Continue reading Tesla stock closes at record as investors rally around Musk’s robotaxi hype despite slow EV sales
Robotaxis in 2025: Waymo plots global expansion as Zoox, Tesla roll to the starting line
watch now Robotaxis felt like science fiction just a decade ago, but this year, autonomous vehicles became a commonplace option for paying passengers across big cities in the U.S. and parts of Asia. Alphabet-owned Waymo kept expanding and dominates the robotaxi market in the U.S., though rivals Tesla and Amazon-owned Zoox also launched the first… Continue reading Robotaxis in 2025: Waymo plots global expansion as Zoox, Tesla roll to the starting line
Europe poised to water down landmark 2035 ban on new diesel and gasoline cars
A fuel nozzle is inserted into a combustion engine at a petrol pump at a filling station during a refueling process. Picture Alliance | Picture Alliance | Getty Images The European Union on Tuesday is expected to water down its effective ban on sales of new combustion-engine cars from 2035, after lobbying efforts from Germany,… Continue reading Europe poised to water down landmark 2035 ban on new diesel and gasoline cars
Merriam-Webster declares ‘slop’ its word of the year in nod to growth of AI
The logos of Google Gemini, ChatGPT, Microsoft Copilot, Claude by Anthropic, Perplexity, and Bing apps are displayed on the screen of a smartphone in Reno, United States, on November 21, 2024. Jaque Silva | Nurphoto | Getty Images Merriam-Webster declared “slop” its 2025 word of the year on Monday, a sign of growing wariness around… Continue reading Merriam-Webster declares ‘slop’ its word of the year in nod to growth of AI
Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. The launch of Tesla Inc.’s driverless taxi service Sunday is set to begin modestly, with a handful of vehicles in limited areas of the city. Photographer: Tim Goessman/Bloomberg via Getty Images Tim Goessman |… Continue reading Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
Ford to record $19.5 billion in special charges related to EV pullback
watch now DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the company announced Monday. The Detroit automaker said most of those charges will occur during the fourth quarter. That will be followed by $5.5… Continue reading Ford to record $19.5 billion in special charges related to EV pullback