Nikola’s initial public offering on June 4 was one of the hottest of the year. The five-year-old company is named after inventor Nikola Tesla, best known for his work with alternating current. Last month, the EV maker announced a partnership with Republic Services, one of the United States’ largest waste-hauling companies, to make 2,500 electric garbage trucks. … [Read more...] about Nikola and General Motors are now partners. Check out this electric pickup truck!
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Nongfu’s shares surged 85 percent and traded up 55 percent by mid-day in Hong Kong, pushing Zhong’s net worth to $51 billion, as per the Bloomberg Billionaires Index. He is notably, the only individual among China’s top five richest, who is not from the real estate or tech sector. … [Read more...] about Elon Musk now 5th richest in world after losing $16.3 billion in one day
Tesla Inc plunged 18.3% and was set for its worst day in nearly six months after the electric-car maker was excluded from a group of companies being added to the S&P 500.Still, market participants said they did not expect a prolonged sell-off against the backdrop of an accommodative monetary policy by the Federal Reserve, which last week indicated a higher toleration for inflation rising above 2%. … [Read more...] about Slump in Tesla, Apple hits Wall Street as tech rout deepens
Lt Gen AK Singh (retd), Distinguished Fellow with Centre of Land Warfare Studies (CLAWS) and R Chandrashekhar, erstwhile member of the Armed Forces Headquarters Civil Service in their well-presented joint article, have put forth the view that “The simultaneous creation of a Department of Military Affairs as a separate vertical within the Ministry of Defence with the CDS as its ex-officio Secretary are each and together tectonic shifts that have moved the balance in civil-military relations to a new normal. It has also disruptively altered the entire edifice of the structure of decision making relating to matters of military.” Clearly, the test of such thrust and parry may come sooner than expected. … [Read more...] about India-China border clashes: How the post of CDS has impacted the chain of command in Indian military
Musk's wealth rose to $101 billion after a rally in Tesla's share price as stock splits took effect and attracted more buying from investors, according to the Bloomberg Billionaires Index. Tesla's stock has surged over 70 percent since its split was announced on August 11. … [Read more...] about Tesla will unveil ‘many exciting things’ at Battery Day event on September 22, says CEO Elon Musk