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
Tesla
Tesla stock sputters after S&P Dow Jones Indices adds Etsy, Teradyne, and Catalent instead
Elon Musk’s electric car company closed out the trading day more than 20% below where it opened on Tuesday morning, following a three-day weekend during which investors had plenty of time to digest the sobering news that Tesla would not be added to the S&P 500 index. … [Read more...] about Tesla stock sputters after S&P Dow Jones Indices adds Etsy, Teradyne, and Catalent instead
Slump in Tesla, Apple hits Wall Street as tech rout deepens
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
World’s 10 richest tech giants shed $44 billion wealth, Jeff Bezos tops list with $9 billion loss
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about World’s 10 richest tech giants shed $44 billion wealth, Jeff Bezos tops list with $9 billion loss
Elon Musk now 5th richest in world after losing $16.3 billion in one day
Market volatilities have resulted in wide wealth swings for the wealthy. Amazon chief and the richest man Jeff Bezos lost $7.9 billion on September 8; while Nongfu Spring’s Zhong Shanshan was catapulted as the second richest in China and third in Asia after adding $30 billion to his net worth when the company’s shares surged following an IPO. … [Read more...] about Elon Musk now 5th richest in world after losing $16.3 billion in one day
