The team behind SpaceX’s growing satellite internet network Starlink is in talks with “several” airlines to beam internet to their airplanes, the project’s vice president said during a conference panel on Wednesday. Expanding Starlink from rural homes and onto airlines is an expected move for Elon Musk’s space company as it races to open the… Continue reading SpaceX’s Starlink is in talks with ‘several’ airlines for in-flight Wi-Fi
Tag: Tesla
Ford Motor Shows Signs of Revival Under Jim Farley
For years, Ford Motor has been working on a turnaround but showing little progress in the showroom or its profits. But the 118-year-old automaker’s outlook has brightened recently, and many analysts give credit to Jim Farley, who took over as chief executive last October. Ford has introduced several well-received models, including a redesigned F-150 pickup… Continue reading Ford Motor Shows Signs of Revival Under Jim Farley
Tesla (TSLA) could dominate $1.2 trillion market with autonomous, Uber-like vehicle fleet
Tesla (TSLA) is looking at a more-than-decent chunk of a market valued at $1.2 trillion with its upcoming Tesla Network, a new Uber-like ride-hailing service with autonomous electric cars, according to Ark Invest. For years, Tesla has taunted a ride-hailing app to be powered by its self-driving system. It’s been dubbed the “Tesla Network.” The… Continue reading Tesla (TSLA) could dominate $1.2 trillion market with autonomous, Uber-like vehicle fleet
Lordstown Motors erases loss on talks about capital raise
Lordstown Motors Corp. shares swung widely between losses and gains on Wednesday after the electric-vehicle startup said it was in talks with multiple parties to raise capital, a day after warning about a cash crisis. After dropping as much as 21% earlier in the day, the stock surged 15% on the news of the discussions.… Continue reading Lordstown Motors erases loss on talks about capital raise
Tesla Accused of Secretly Selling Part of Bitcoin Hoard
Tesla’s sales seem to have rebounded from a seriously weak April, showing surprisingly strong revenues in the month of May. With the values of Bitcoin slipping even further, that wild ride is leading some to suspect the electric car company may have sold off some of its considerable Bitcoin holdings. According to Bloomberg columnist Liam Denning,… Continue reading Tesla Accused of Secretly Selling Part of Bitcoin Hoard
Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Auto battery maker and Tesla Inc supplier LG Energy Solution (LGES) applied for preliminary approval of an initial public offering (IPO) that publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing. LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR… Continue reading Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Tesla China deliveries surge 29% in May after April slump
Yahoo Finance’s Myles Udland, Brian Sozzi, and Julie Hyman break down the latest delivery numbers for Tesla in China. Video Transcript MYLES UDLAND: So we talked at the top of the show about the stocks of today. But really, the meme stuck to rule them all is Tesla. That stock up a little bit in… Continue reading Tesla China deliveries surge 29% in May after April slump
Anthony Scaramucci says Elon Musk scared people off bitcoin but he backs it to soar like Amazon stock in the long run
Anthony Scaramucci founded SkyBridge Capital. Reuters/ Rick Wilking Anthony Scaramucci said Elon Musk had “scared people” off bitcoin, but backed it to soar in the long run. He said bitcoin was like Amazon stock, which swung dramatically in its early history. Scaramucci’s SkyBridge capital has around $500 million in bitcoin and sees it as digital… Continue reading Anthony Scaramucci says Elon Musk scared people off bitcoin but he backs it to soar like Amazon stock in the long run
Spanish EV charger maker Wallbox to go public in $1.5 billion New York SPAC deal
Investors have sought in the sector to replicate the stock market success of electric vehicle (EV) maker Tesla Inc. By Isla Binnie MADRID: Spanish electric-vehicle charger maker Wallbox plans to list on the New York Stock Exchange later this year through a merger with shell company Kensington Capital Acquisition Corp, the companies said on Wednesday.… Continue reading Spanish EV charger maker Wallbox to go public in $1.5 billion New York SPAC deal
Boring Company’s Las Vegas Loop with Tesla cars goes into operations, and it is about to expand to the Strip and beyond
The Boring Company’s Las Vegas Loop with Tesla vehicles has officially gone into operations this week, and it already prepares to expand to the Strip and beyond. The Las Vegas Convention Center Loop, the Boring Company’s first full-scale loop project, has now entered operations, and it is available to the public. Elon Musk’s startup had… Continue reading Boring Company’s Las Vegas Loop with Tesla cars goes into operations, and it is about to expand to the Strip and beyond