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Stephen Lam | Reuters Tesla Motors CEO Elon Musk introduces the “falcon wing” door on the Model X electric sports-utility vehicle during a presentation in Fremont, California, on September 29, 2015. Tesla CEO Elon Musk called the company’s Model X luxury utility vehicle a “work of art” that he likened …
Read More »Monthly Archives: January 2019
Musk says Tesla CFO Deepak Ahuja is leaving the company
Daniel Acker | Bloomberg | Getty Images Deepak Ahuja, Tesla CFO (left) and Elon Musk, Tesla founder and CEO (right), at the Nasdaq opening bell ceremony for the Tesla initial public offering on Tuesday, June 29, 2010. Tesla’s long-time chief financial officer, Deepak Ahuja, is retiring from the company after …
Read More »Alphabet, Twitter shares rise after Facebook shows online ad strength
Tom Williams | CQ-Roll Call Group | Getty Images Sheryl Sandberg, Facebook COO, and Jack Dorsey, Twitter CEO, arrive to testify before a Senate Intelligence Committee hearing in Dirksen Building on the influence of foreign operations on social media on September 5, 2018.
Read More »Tesla says it has enough cash to settle its $920 million bond payment
Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. Tesla, which released its fourth-quarter earnings Wednesday, assured investors that it has enough cash on hand to handle a large bond payment due in about five weeks. “We have sufficient cash on …
Read More »Facebook US revenue growth outpaces user growth, scandals no effect
Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. Facebook is still growing in the U.S. despite a number of privacy scandals that have inspired movements to delete the platform. …
Read More »Fed Chair Jerome Powell says the case for raising interest rates ‘has weakened’
Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Federal Reserve Chairman Jerome Powell issued his strongest statement yet Wednesday that the central bank …
Read More »Facebook earnings Q4 2018
Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. Facebook is reporting fourth quarter earnings after the bell …
Read More »Fed Chair Powell says economy will make back most of shutdown effect
Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Federal Reserve Chairman Jerome Powell said Wednesday afternoon that the American economy will recover most …
Read More »VW grabs global auto sales crown, but Renault-Nissan Alliance closes gap
Franziska Krug | German Select | Getty Images Beetles during the 12th Beetle Sunshine Tour To Travemuende the 12th Beetle Sunshine Tour on August 20, 2016 in Luebeck, Germany. Volkswagen managed to hang on to its global sales crown last year despite an aggressive challenge from its Euro-Asian rival, the …
Read More »China naval gun ready for warfare by 2025: US intelligence
Mark Ralston | AFP | Getty Images Chinese sailors form an honor guard during a welcoming ceremony at the Great Hall of the People in Beijing on September 6, 2012. WASHINGTON — China tested the world’s most powerful naval gun earlier this month, and it is expected to be ready …
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