Tesla Inc
Elon Musk wants to be a trillionaire — here’s how SpaceX may get him there
Elon Musk’s journey to becoming the world’s first trillionaire will likely be powered by rockets rather than cars, as SpaceX now accounts for nearly two-thirds of the Tesla CEO’s wealth. Musk became the first person ever to top the $800 billion mark this week, with his net worth now around $845 billion, according to Forbes. […]
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How America’s EV retreat is increasing China’s control of global markets
A large number of new energy vehicles for export park at a car terminal on the Hangzhou section of the Beijing-Hangzhou Grand Canal in Hangzhou, Zhejiang Province, China, on June 2, 2025. Costfoto | Nurphoto | Getty Images DETROIT — The unraveling of the U.S. electric vehicle push is increasingly raising concerns of an existential […]
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Voyager Technologies CEO says space data center cooling problem still needs to be solved
Voyager Technologies‘ CEO Dylan Taylor said two years would be an “aggressive” timeframe for space data centers and cooling remains a problem for the developing technology. While SpaceX has the heavy lift rockets to bring components to space, Taylor told CNBC’s Morgan Brennan that the lack of a cooling solution to transfer the heat remains […]
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Tesla maintains competitive showing in China-made EV sales despite industry headwinds
Tesla remained a strong contender in Beijing’s competitive electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before, amid a broader industry slowdown. According to data published by the China Passenger Car Association on Wednesday, January deliveries from Tesla’s Shanghai Gigafactory rose by 9% to 69,129 units, from […]
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Chinese solar stocks rally on reports Elon Musk’s Space X, Tesla staff visited suppliers
A car travels past photovoltaic panels at the Al Dhafra Solar project, constructed by Electricite de France SA (EDF) and Jinko Power Technology Co. Ltd., in Abu Dhabi, United Arab Emirates, on Tuesday, Jan 31, 2023. Christopher Pike | Bloomberg | Getty Images Shares of Chinese solar panel makers surged Wednesday after local media reported […]
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CNBC Daily Open: UBS posts strong earnings while Novo Nordisk’s U.S. shares crater on slowing growth
Sergio Ermotti, CEO of UBS, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC UBS fourth-quarter profit rose 56% year on year to $1.2 billion, beating expectations. The Swiss bank on Wednesday also announced plans for a $3 billion share buyback in 2026 […]
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‘Muskonomy’ shakeup: SpaceX valuation approaches Tesla’s after merger with xAI
Elon Musk waves to the crowd during the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2026. Denis Balibouse | Reuters Elon Musk’s move to combine SpaceX with his cash-burning artificial intelligence venture xAI signals a changing of the guard within his corporate empire. Tesla has been the source of Musk’s […]
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Musk’s xAI, SpaceX combo is the biggest merger of all time, valued at $1.25 trillion
Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber confirmed Tuesday. The record-setting transaction is the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by CNBC. […]
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CNBC Daily Open: Asia markets and precious metals rebound amid Trump’s trade deal with India
India’s Prime Minister Narendra Modi hugs U.S. President Donald Trump as they give joint statements in the Rose Garden of the White House in Washington, June 26, 2017. Kevin Lamarque | Reuters Asia markets on Tuesday staged a staggering turnaround from the previous day. South Korea’s Kospi led gains in the region, soaring 6.7% as […]
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CNBC Daily Open: India and U.S. strike a trade deal, and markets shrug off precious metals rout
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., Feb. 13, 2025. Kevin Lamarque | Reuters The world’s largest economy has struck a deal with the most populous nation. U.S. President Donald Trump announced Monday that America […]
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