Tesla shareholders will decide whether to give CEO Elon Musk a stock award that could be worth up to $1 trillion. But another proposal is up for a vote to refill Tesla’s employee stock option pool, and it’s only necessary because that pool was drained to give Musk a payday larger than any other CEO… Continue reading Tesla stock used to help employees. Now it can’t, because Elon took it all.
Tag: Manufacturing
Rivian beats Wall Street’s Q3 expectations, maintains guidance
Rivian electric SUV parked outside brick showroom on a sunny day, San Francisco, California, August 19, 2025. Smith Collection/gado | Archive Photos | Getty Images DETROIT – Rivian Automotive beat Wall Street’s expectations for the third quarter, as the company reported a its second quarterly gross profit this year thanks to a joint venture with… Continue reading Rivian beats Wall Street’s Q3 expectations, maintains guidance
Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come.… Continue reading Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Luxury carmaker Ferrari beats third-quarter profit expectations as revenues jump
Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File Photo Remo Casilli | Reuters Luxury carmaker Ferrari on Tuesday reported stronger-than-expected third-quarter profit, with net revenues jumping more than 7% compared to the same period last year. The Maranello, Italy-based sports car manufacturer posted… Continue reading Luxury carmaker Ferrari beats third-quarter profit expectations as revenues jump
Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Norway’s $2 trillion sovereign wealth fund said it will vote against Elon Musk’s trillion-dollar pay package at Tesla‘s annual shareholder meeting this week, rebelling against management guidance and threats from Musk to step down… Continue reading Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Deutsche Telekom and NVIDIA Launch Industrial AI Cloud — a ‘New Era’ for Germany’s Industrial Transformation
In Berlin on Tuesday, Deutsche Telekom and NVIDIA unveiled the world’s first Industrial AI Cloud, a sovereign, enterprise-grade platform set to go live in early 2026. The partnership brings together Deutsche Telekom’s trusted infrastructure and operations and NVIDIA AI and Omniverse digital twin platforms to power the AI era of Germany’s industrial transformation. “We have… Continue reading Deutsche Telekom and NVIDIA Launch Industrial AI Cloud — a ‘New Era’ for Germany’s Industrial Transformation
LIVE NATION ENTERTAINMENT THIRD QUARTER 2025 RESULTS
LOS ANGELES, Nov. 4, 2025 /PRNewswire/ — “Strong fan demand drove another record quarter, as we continue to attract more fans to more shows globally. With these tailwinds, 2026 is off to a strong start with a double-digit increase in our large venue show pipeline and increased sell-through levels for these shows. At the same… Continue reading LIVE NATION ENTERTAINMENT THIRD QUARTER 2025 RESULTS
Ispire Technology Inc. Schedules Fiscal First Quarter 2026 Earnings Conference Call
LOS ANGELES, Nov. 4, 2025 /PRNewswire/ — Ispire Technology Inc. (“Ispire” or the “Company”) (NASDAQ: ISPR), a trailblazer in vaping technology and precision dosing, announced today that it will host its earnings conference call at 8:00 am ET on Thursday, November 6, 2025, to discuss the Company’s financial results for its fiscal first quarter ended September… Continue reading Ispire Technology Inc. Schedules Fiscal First Quarter 2026 Earnings Conference Call
WESTERN MIDSTREAM ANNOUNCES RECORD THIRD-QUARTER 2025 RESULTS
Reported third-quarter 2025 Net income attributable to limited partners of $331.7 million, generating record third-quarter Adjusted EBITDA(1) of $633.8 million. Reported third-quarter 2025 Cash flows provided by operating activities of $570.2 million, generating third-quarter Free Cash Flow(1) of $397.4 million. Announced a third-quarter distribution of $0.910 per unit, which is consistent with the prior quarter’s… Continue reading WESTERN MIDSTREAM ANNOUNCES RECORD THIRD-QUARTER 2025 RESULTS
MG dealers to get faster parts deliveries with new Daventry operation
MG Motor is to open a warehousing and parts distribution centre in Daventry, Northamptonshire. The 15,000 m² facility will initially employ 40 people but has further capacity to meet future demand for MG parts and services. MG has partnered with XPO Logistics for parts logistics. Over 150 UK retailers will be supported by the parts… Continue reading MG dealers to get faster parts deliveries with new Daventry operation