Investors worried about rising competition caused shares to plummet. Tesla cut Monday’s prices in China for its cars, an indication of increasing competition in the largest market for automobiles in the world. This led to a plunge in shares. The Model 3 sedan was offered by Tesla’s Chinese website on Monday at a price starting at 265,900 …
The $44 billion deal Mr. Musk made to purchase Twitter is expected to close by Oct. 28. This is a way for the company to reassure employees about their jobs and their compensation. Twitter is trying to calm employees’ fears about Elon Musk’s imminent takeover of the company. This raises concerns about a seismic overhaul of …
Twitter tries to call employees as a deal with Elon Musk Read More »
Delaware judge gave Musk until October 28th to close the deal. Although the trial was scheduled to begin in less than a week it could still take place in November. The surprise return of Elon Musk to the bargaining table at Twitter this week might have been just the beginning of the long-running struggle for …
Judge grants Elon Musk’s request to delay his trial with Twitter Read More »
After trying to cancel a $44 million deal to buy the company, the billionaire made a surprise move. The drama and scale of the months-long battle to get Twitter bought by Elon Musk were immense. It is one of the most significant deals in the tech industry and has captured the imagination of the public …
Elon Musk suggests that Twitter be bought at its original price Read More »
Although the electric carmaker is expanding quickly, investors are concerned that sales may slow due to higher interest rates and prices. Tesla reported Wednesday a huge jump in its quarterly profit, as electric car sales soared over the three months ending in September. The electric car maker reported that it earned $3.3 billion in its …
Tesla Reports Strong Profits in the Third Quarter Read More »
Full storage, lower demand, and mild weather have all helped to ease concerns about a rise in heating and power costs. However, socioeconomic power dynamics are constantly shifting and as a result the European prices on natural gas are suddenly dropping. Russia’s natural gas exports to Europe are declining and the war in Ukraine is …
The leakage of the pipelines has been investigated by Germany, Denmark, and Sweden. However, they are not revealing the cause or who may have done it. A seismograph in Sweden picked up a strong disturbance after midnight on Monday, September 29th. The seismic activity jolted the Baltic Sea floor south of Bornholm. Bornholm was a …
Three Inquiries but no Answers for Who Blew Holes in Nord Stream Pipelines Read More »
Leakage of the Nord Stream below the Baltic Sea raised fears about shortages due to Russia’s clash and demonstrated how critical infrastructure could be at stake. BERLIN — Officials across Europe stated Tuesday that explosions under the Baltic Sea and ruptures of major natural gas pipelines linking Russia and Germany appeared to be deliberate attacks. …
The Broken Nord Stream Pipelines Was A Deliberate Plan Read More »
ARQUES (France) — Arc International has been the largest producer of glass tableware in the world for many years thanks to cheap energy. It is a vital employer in northern France’s working-class region. The business has been flooded with new risks by Russia’s sudden cutoff of gas from Europe. Arc’s chief executive Nicholas Hodler had …
The European gas crisis caused by Russia is devastating the manufacturers. Read More »
Concerned over fears about Chinese threats to Taiwan The U.S. and others have attempted to increase their share of Taiwan’s semiconductor manufacturing. As Chinese warships practiced the blockade in Taiwan in March, they practiced the scenario that global politicians and leaders have been worried about not war, but the slowing down of the supply chains of electronic …
Taiwan Is Caught in the middle of a war over Microchips Read More »
