Tesla extends shutdown at Shanghai plant in rare Christmas break
by SINGAPORE – Tesla inc TSLA -1.76% suspended car production at its Shanghai plant on Saturday, extending a planned eight-day halt to production at its world’s …
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Elon Musk’s finances are being weighed down by declining wealth and Twitter pressure
Elon Musk’s wealth and creditworthiness will now be tested as a Tesla inc TSLA -1.76% Stocks that have fueled his fortune have fallen sharply as …
Caroline Ellison apologizes for wrongdoing in FTX collapse
Caroline Ellison, a close associate of FTX founder Sam Bankman-Fried, issued an apology in court this week when she pleaded guilty to fraud and other …
Sam Bankman-Fried fired on $250 million bond
FTX founder Sam Bankman-Fried was released on $250 million bond on Thursday and sentenced to incarceration at his parents’ home in Palo Alto, California, after …
US home sales post 10th consecutive month of declines
Preowned home sales in November fell 7.7% from the previous month to a seasonally adjusted annualized rate of 4.09 million, the weakest rate since May …
Tesla bears are sitting on $15 billion in earnings this year
After years of wrong bets, investors shorting shares in Elon Musk’s electric vehicle maker are sitting on collective profits of $15 billion by 2022, according …
Elon Musk’s SpaceX is preparing for the launch of the spacecraft
SpaceX is gearing up for a major test of its giant rocket designed for commercial launches, as well as the Mars mission that Elon Musk …
Microsoft is gearing up for a fight with the FTC over the Activision deal
Microsoft corp MSFT -1.73% has signaled that it plans to challenge the Federal Trade Commission’s lawsuit to block its $75 billion Activision ATVI deal -0.38% …
Hilton sees a new golden age of travel. Can it last?
The company’s hotels are busy around the world as consumers return to personal experiences, travel restrictions ease and many fulfill a pent-up desire to see …
TuSimple plans layoffs that could reduce at least half of its workforce next week
Self-propelled trucking company TuSimple Holdings inc TSP -3.75% plans to potentially cut at least half its workforce next week, people familiar with the matter said, …