The world’s seven largest tech companies—Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia, and Tesla—collectively reported a staggering $143 billion in net profit for the second quarter of 2023, marking a 27.6% …
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Bitget Launches Tokenised Stocks and Real-World Assets for Nigerian Investors
Cryptocurrency exchange and Web3 company, Bitget, has announced the introduction of tokenised stocks and real-world assets (RWAs) on its platform, giving Nigerian investors direct access to some of the world’s …
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Tesla, the world’s leading manufacturer of electric vehicles (EVs), has entered the Moroccan market by opening a local subsidiary in Casablanca. The move signals a big step forward for the …
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The tailspin in Tesla Inc. shares accelerated Tuesday, marking their longest losing streak since 2018, as a report of a plan to temporarily halt production at its China factory rekindled …
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BusinessEconomyGlobal NewsSouth AfricaTechnologyUncategorized
Elon Musk loses title as world’s richest man on Forbes list
Twitter and Tesla CEO, Elon Musk, is no longer the richest person in the world, Forbes announced on Thursday. Forbes listed Mr Musk as occupying the second position in its latest …
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Twitter’s billionaire owner Elon Musk announced Friday that the platform would be launching differently colored badges to distinguish between accounts. “Sorry for the delay, we’re tentatively launching Verified on Friday …
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BusinessGlobal NewsInformation & TechnologySpotlightTechnology
Elon Musk debunks claims of firing 75% of Twitter staff
Tesla CEO , Elon Musk on Wednesday told Twitter Inc. employees that he doesn’t plan to cut 75% of the staff when he takes over the company, according to people …
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BusinessGlobal NewsInformation TechnologySouthern AfricaSpotlightTechnology
Tesla witnesses a fall in shares as car sales underwhelm
Tesla Inc. reported sales that fell short of Wall Street estimates, citing delivery and production bottlenecks, and prompting Elon Musk to assure investors that demand for his company’s cars remains …
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Elon Musk said he and other investors are “obviously overpaying” for Twitter Inc. Tesla Inc.’s chief executive officer said he is “excited about the Twitter situation,” describing the social media …
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Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard. The electric …