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In this article TSLA Elon Musk Mike Blake | Reuters Tesla CEO Elon Musk’s trust sold about $1.2 billion in Tesla stock on Friday, according to financial filings posted Friday evening. He still holds more than 166 million shares in the company. Musk sold about $6.9 billion worth of stock in the company over the

In this article TSLA RIVN Tesla Motors CEO Elon Musk speaks to the media next to its Model S. Nora Tam | South China Morning Post | Getty Images Tesla CEO Elon Musk said high production and break-even cash flow will be the true test for rival carmaker Rivian, which had a blockbuster IPO on

In this article TSLA SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Shares of Tesla declined 15.4% for the week after CEO Elon Musk commenced with his plans to sell a huge block of his holdings this

In this article RIVN After its first two days of trading in 2010, electric vehicle maker Tesla had a market cap of just over $2 billion. R.J. Scaringe, the CEO of EV manufacturer Rivian, is worth that much on his own after his company’s second day on the public market. Rivian shares popped 57% in

In this article RIVN F TSLA AMZN GM Rivian R1T Field pickup Source: Rivian Shares of the electric vehicle start-up Rivian continued to climb Thursday, up about 11%, one day after its public market debut. The Amazon– and Ford-backed company already surpassed both Ford and General Motors by market cap, reaching a valuation of more

In this article RIVN Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Rajiv Patel, an environmental consultant in Austin, Texas, put down a $1,000 deposit on a Rivian electric SUV earlier this year. He has

In this article RIVN RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Bloomberg | Bloomberg | Getty Images Rivian Automotive

In this article RIVN R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Rivian Automotive, the electric vehicle maker backed by Amazon and Ford, priced its IPO on Tuesday at $78 a share,

In this article TSLA Tesla stock was down by as much as 11% in mid-day trading on Tuesday, extending losses for a second day, after CEO Elon Musk over the weekend proposed selling 10% of his shares in the electric vehicle business. The drop is on pace to be the largest of the year for

Bitcoin and ether hit new all-time highs on Monday evening. Bitcoin’s price at one point rose above $67,700 – eclipsing a previous record set in late October – while ether, the native token of ethereum’s blockchain, surpassed $4,800 for the first time ever. These record-breaking moves come amid a wider rally in the crypto market.

In this article RBLX The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Shares of video-game company Roblox soared as much as 35% in extended trading on Monday after the company reported third-quarter results that impressed analysts. Here’s how

British artificial intelligence scientist and entrepreneur Demis Hassabis. OLI SCARFF | AFP | Getty Images Google parent company Alphabet has launched a new drug discovery company in the U.K. called Isomorphic Labs. The company will build on research carried out by London artificial intelligence lab DeepMind, which Google acquired in 2014. While the firm was

Sam Altman, co-founder and chief executive officer of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California, on Thursday, Oct. 3, 2019. David Paul Morris | Bloomberg | Getty Images Nuclear fusion is the ephemeral holy grail of climate technology. It would provide nearly limitless amounts of clean energy without the byproduct of

As travel industry executives tout the rapid resurgence of tourism and entertainment, the pandemic stock portfolio is getting turned upside down. Airlines stocks are rallying alongside online booking sites, ride-hailing companies and Airbnb, after earnings reports showed clear signs of a recovery in travel. At the same time, stay-at-home stocks are sagging as borders reopen

In this article TSLA SpaceX founder and Tesla CEO Elon Musk holds a helmet as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk on Saturday asked millions of his Twitter followers to determine the future of a chunk of his Tesla

RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Bloomberg | Bloomberg | Getty Images Electric vehicle start-up Rivian Automotive raised

In this article FB In this photo illustration, the Facebook logo is displayed on the screen of an iPhone in front of a Meta logo on October 28, 2021 in Paris, France. Chesnot | Getty Images Meta, formerly known as Facebook, is discussing opening its first retail stores as it looks to break into the

In this article QCOM Qualcomm CEO Cristiano Amon. Carlo Allegri | Reuters Qualcomm stock rose more than 12% on Thursday, one day after it reported September quarter earnings that not only beat what Wall Street expected, but also included bullish guidance for the December quarter. Part of the reason for the strong guidance is that

In this article ABNB Rafael Henrique | LightRocket | Getty Images Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading. Here’s how Airbnb did compared

In this article 700-HK People walked past the Tencent booth at the China International Fair for Trade in Services in Beijing on Sept. 6, 2020. Noel Celis | AFP | Getty Images GUANGZHOU, China — Tencent on Wednesday launched three chips it developed, marking the first time the Chinese internet giant has publicly spoken about

In this article QCOM Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. Steve Marcus | Reuters Qualcomm stock rose more than 6% at one point in extended trading on

Scene from “Squid Game” by Netflix Source: Netflix When Bernard heard about a token named after the popular South Korean Netflix series “Squid Game,” which chronicles the lives of cash-strapped adults who play in a deadly tournament for a big jackpot, he did a quick scan on Google to see if the coin was legit.

In this article FB Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook on Tuesday announced that it will be putting an end to its facial recognition system amid growing concern from users and regulators. The social network, whose parent

In this article 700-HK The Fortnite logo displayed on a smartphone with the flag of China shown in the background. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Fortnite is calling it quits in China. The wildly popular battle-royale game, developed by Epic Games, will shut down its local Chinese version on Nov.

Rivian R1T electric truck Source: Rivian Electric vehicle start-up Rivian Automotive is targeting a valuation of more than $60 billion in its initial public offering, sources familiar with the matter confirmed to CNBC. Rivian plans to go public as soon as next week and the valuation could shift by then, those sources said. It plans

In this article 9868-HK Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC GUANGZHOU, China — Xpeng Inc. said it delivered more than 10,000 cars in October, sending its Hong Kong shares

Riot’s Whinstone mine in Rockdale, Texas. Riot’s Whinstone Data Center ROCKDALE, Texas – In this rural Texas town of 5,600 people, two of the biggest names in bitcoin mining are battling it out for market share and cheap electricity. These rivals also happen to be next-door neighbors. Bitdeer – a firm spun off from Chinese

Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. Dado Ruvic | Reuters In June 2018, Oculus executive Jason Rubin sent an email to Facebook board member Marc Andreessen with the subject line “The Metaverse.” “We believe that the right way to break

In this article NXPI GlobalFoundries campus in Malta, N.Y. Mary Thompson | CNBC Semiconductor manufacturer GlobalFoundries debuted on the Nasdaq this week, valued at over $25 billion, as it became increasingly evident that a global chip shortage could persist through 2023 or later. Now GlobalFoundries needs to convince public market investors that the company is

Tim Cook Source: Apple Apple’s products compete as gaming platforms with Sony Playstation, Microsoft Xbox and Nintendo, the company said on Friday in a regulatory filing. Previously, Apple only said it competed against Google‘s Android in smartphones and Microsoft Windows in PCs for the attention of software developers. Apple’s competitors were an important topic in