News
See how Elon Musk's fortune compares with the richest Americans in history
11+ hour, 26+ min ago (717+ words) America has never had as many billionaires as it does now " and the number is only growing. The Space X IPO resulted in one of the greatest wealth increases in history, turning Elon Musk's estimated net worth of over $800 billion…...
Rivian says Tesla-style self-driving is coming this year
2+ day, 2+ hour ago (326+ words) Rivian's CEO says the company is on track to release a supervised self-driving system similar to Tesla's Full Self-Driving later this year. During a fireside chat at a Masters of Scale event in Anaheim on Thursday, CEO RJ Scaringe said…...
Three big questions heading into the post-Space X IPO era
2+ day, 11+ hour ago (506+ words) You made history. Now what? Space X's high-profile IPO lived up to the hype. Elon Musk's rocket company's record-breaking public debut surged as much as 30%. It ended the day roughly 20% above its IPO price, right in the sweet spot for…...
GM killed Cruise, but don't count it out of the robotaxi race
3+ day, 15+ hour ago (471+ words) General Motors may have shut down its dedicated robotaxi division, but it hasn't bowed out of the race. Sterling Anderson, the former head of Tesla's Autopilot program and GM's chief product officer, told Business Insider in an interview that the…...
Zohran Mamdani has thoughts on Elon Musk becoming the world's first trillionaire
5+ day, 3+ hour ago (163+ words) New York City Mayor Zohran Mamdani used Space X's historic IPO " and founder Elon Musk's newly minted status as a trillionaire " to push policy. "Reason #1, 000, 000, 000, 000 why we should tax the rich," Mamdani wrote on X in response to Musk becoming…...
These are the biggest winners from Space X's IPO
5+ day, 6+ hour ago (716+ words) Elon Musk, now the world's first trillionaire, is famous for demanding absolute loyalty. Space X's market debut proves that he also pays it back in dividends, minting a new class of billionaires out of the allies who have stood by…...
The bull and bear case for buying the Space X IPO on day one
5+ day, 12+ hour ago (671+ words) I'm not sure if you've heard, but a company is making its public market debut today. The company is Elon Musk's Space X, and the debut is set to be historic. Thursday afternoon, Space X priced 555. 6 million shares at $135 each,…...
Space X's president hints at a Tesla merger: 'That might make Elon's life a little easier"
5+ day, 13+ hour ago (450+ words) The noise around a Tesla-Space X mega-merger is growing louder. In an interview with CNBC aired Friday, Space X president Gwynne Shotwell said the two Elon Musk-led companies are working toward the same goals " and didn't rule out a merger…...
RJ Scaringe said there are 2 big reasons Rivian's new R2 doesn't look like a Tesla Model Y dupe
5+ day, 15+ hour ago (264+ words) Rivian's CEO said he didn't want his latest R2 to look like the Tesla Model Y " for numerous reasons. In a "Masters of Scale" interview released on Thursday, CEO RJ Scaringe spoke about Rivian's latest R2 SUV, which is its cheapest electric…...
Your new car is harder, more expensive to fix. This bill could help.
5+ day, 19+ hour ago (690+ words) Popping the hood is no longer enough to understand what's wrong with your car. The REPAIR Act, or the Right to Equitable and Professional Auto Industry Repair Act, aims to create a nationwide auto right-to-repair standard that would require automakers…...