The largest US oil company, Exxon Mobil (NSYSE: XOM), has surpassed electric-vehicle giant Tesla Inc (NYSE: TSLA) in market value for the first time since 2020 as investors sell high-growth stocks and buy up value stocks in the energy sector.
It is a strange time for the oil and gas sector. On the one hand, after years of price weakness, the money is rolling in again as the war in Ukraine and post-Covid disruptions keep prices high.
Elon Musk became the richest person in the world by dramatically improving electric vehicles, pushing forward a technology that reduces carbon-dioxide emissions and slows global warming.
Elon Musk has said he’s putting $100million up for grabs to the best carbon capture and storage (CCS) tech – and Scottish firms are being told to go for it.
Tesla asserted late Saturday that restarting its operations in the midst of the coronavirus pandemic didn’t make the company an outlier, nor was it going against the grain.
Tesla Inc.’s market value briefly crept above $100 billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.
Elon Musk unveiled Tesla Inc.’s eagerly awaited electric pickup truck on Thursday but it didn’t go as planned, ending with two smashed windows and the hashtag #cybertruck trending on Twitter for all the wrong reasons.
Elon Musk sees no option but to keep working at his current relentless pace, no matter the deepening concerns of board members and investors about his health and stability as he propels Tesla Inc. toward a possible rebirth as a private company.
Elon Musk is finally offering more details on his bombshell tweet that he had “funding secured” to take Tesla Inc. private. It’s unlikely to get U.S. regulators off his back.
Tesla chief executive Elon Musk said he had to pull robots off production jobs and replace them with humans to hit required electric vehicle production.
Shareholders of electric car and solar panel maker Tesla have approved an ambitious pay package for CEO Elon Musk that could net him more than 50 billion US dollars (£35 billion) if he meets lofty milestones over the next decade.
Renewable energy storage in Australia is set to get a huge boost with the unveiling of the Tesla Powerpacks lithium ion battery, the biggest in the world.
Already under heavy strain and a 30% power outage after Hurricane Irma, Puerto Rico’s power grid was dealt near death blow by Hurricane Maria two weeks ago.
Elon Musk took a lot of heat last year when his Tesla Inc. bought solar-panel installer SolarCity for $2 billion. The synergies between his two companies didn’t seem immediately obvious, among other issues, critics said.
Elon Musk may think hydrogen-powered vehicles are rubbish, but Toyota Motor Corp. and a cadre of Japan’s leading manufacturers are betting otherwise -- and not just on cars.
SolarCity Corp., the rooftop solar developer controlled by Elon Musk, was accused of misappropriating trade secrets and other intellectual property in a lawsuit over the development of shingled-cell solar modules.