Tag: billion
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Rivian investors hoping it’s going to be the next Tesla
Rivian, an electric-vehicle maker that has been around for over a decade, finally got around to delivering a product this year — 156 pickup trucks — and nearly all went to its employees.Despite that minuscule total, investors on Wednesday decided Rivian was in the same league as some of the most recognized names in the…
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Musk, Bezos are now worth half a trillion dollars
The combined net worth of Elon Musk and Jeff Bezos approached $500 billion on Wednesday, fueled by the unrelenting rally in Tesla Inc. shares and a broad surge in tech stocks that sent the Nasdaq 100 to an intraday record. The value of the two fortunes—a sum bigger than the market value of Johnson &…
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India-US investment: Howdy, Biden, it’s India here
Narendra Modi and Joe Biden met yesterday. The Covid-wracked world has brought enormous new challenges to both India and the US, bringing home a stark realisation of why staying together on multiple issues is essential for the prosperity of both countries. What are some of the low-hanging fruits with respect to investments and related areas?First,…
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Tesla reaches milestone with first $1B quarterly profit
Tesla’s quarterly profit has surpassed $1 billion for the first time, thanks to the electric car pioneer’s ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced on Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised…
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Even with govt regulations, CoinDCX is aiming big
Cryptocurrencies are dominating every dialog around the world today. In January 2020, Bitcoin crossed the 40,000-mark and skyrocketed after Tesla said it will begin accepting Bitcoin obligations . But, on Wednesday, Bitcoin had dropped by 13 percent and Ethereum by 15 percent. The fall started after Tesla CEO Elon Musk declared that the company won’t…
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Elon Musk Is No Longer the World’s Richest Man
Just 4 days after obtaining the prestigious title as the world’s richest man, Elon Musk has lost his place at the top. Keep scrolling to learn why… Now, we all understand that Musk was a very wealthy man. Being the founder, CEO, and Chief Engineering Designer of not just Tesla however SpaceX also, he’s got…
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Bengaluru world’s fastest growing tech hub, London second: Report
Bengaluru has emerged as the world’s fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris, with India’s financial centre of Mumbai in sixth place, according to new research released in London on Thursday. Dealroom.co data analysed by London & Partners, the Mayor of London’s…
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The quest to replicate Tesla’s success keeps EV mania alive
By Craig TrudellTesla has thrilled several investors and jarred the others by soaring to some $616 billion evaluation this month, an amount the planet ’s top seven carmakers were jointly worth in the beginning of the year. The business is currently comfortably in a category by itself, defying even Chief Executive Officer Elon Musk’s warnings.…
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After 670% rally, Tesla to raise $5 bn in third share sale this year
By Dana HullTesla Inc. is taking advantage of its soaring stocks by going back into the capital markets to the next time in ten months and raising up to $5 billion of common stock.The sale through a “at-the-market” offering app, according to a regulatory filing, meaning that the stock will be sold over time at…
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Elon Musk overtakes Bill Gates to grab world’s second-richest ranking
From Devon PendletonElon Musk’s entire year of dizzying ascents struck a fresh apex Monday since the Tesla Inc. co-founder passed Bill Gates to become the planet ’s second-richest person.The 49-year-old entrepreneur’s web worth jumped $7.2 billion to $127.9 billion, driven by still another spike in Tesla’s discuss cost. Musk has additional $100.3 billion to his…