Lei Jun, founder of Chinese smartphone brand Xiaomi, said he was ready to bring the company's first electric vehicle to the market, having spent over 10 billion yuan (US$1.4 billion) developing a prototype with a team of 3,400 engineers. In an interview with China's state broadcaster aired on Sunday, the entrepreneur said he was inspired by Apple founder Steve Jobs. Lei also said he was confident that the debut vehicles, which cost 10 times the industry average to develop, would be competitive i...
Continue ReadingThis monthly article series shows a dashboard with aggregate subsector metrics in Consumer Discretionary. Read more to see a review of XLY ETF...
Continue ReadingPeter Lynch warns against diworsification in portfolios. Click here to read why investors should consider reallocating to Berkshire Hathaway...
Continue ReadingOn Wednesday, the Financial Accounting Standards Board (FASB) laid out new rules changing the way Tesla and other major crypto-holding firms will handle disclosure of crypto assets, effectively requiring them to report the fair value of their digital assets at the end of every reporting period to .....
Continue ReadingTesla recalled more than two million vehicles after a yearslong investigation by NHTSA into the company’s driver assistance technology...
Continue ReadingTesla stock may be up over 100% for the year, but it's down nearly 15% since hitting its 2023 high on July 18. It's been an interesting 2023 for the brand, to say the least...
Continue ReadingHere's everything you need to know about the electric vehicle maker's week...
Continue ReadingElectric car buying may be slowing in Britain but a group of former Tesla executives recently agreed to take over a loss-making Welsh battery developer with a twist...
Continue ReadingIf you read the headlines from the past year about wildfires in Canada and Maui, hurricanes in Mexico, and the United Nations telling us we are way off track to meet climate targets, you may assume it is game over for the planet. There is a shift happening across the economy, accelerating markets for clean-energy solutions. Thanks to economic and technological innovation—alongside the push for greater energy security—we are seeing exponential growth in clean-energy technologies in diverse parts of the world driven primarily by markets and smart business decisions...
Continue ReadingAt the start of 2022, the seven largest S&P 500 stocks by market cap (which have begun to colloquially be called the Magnificent Seven) possessed a combined market cap of $11.78 trillion...
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