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Short Sellers Are Back – Flurry Of Big Calls From Muddy Waters, Citron And Others Raises Questions: Why Now?
Saturday, November 23, 2024 - 10:00am | 994Investors have been hit with an increased amount of short reports from some of the most well-known names in the space, which could be due to high valuations for stocks or could be coming after the 2024 presidential election results. What Happened: Over the past three months, big names in the short...
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Elon Musk's SpaceX Secures New Moon Mission Contract After Starship's Successful 6th Test Flight
Saturday, November 23, 2024 - 2:27am | 640In a significant development for lunar exploration, Elon Musk-led SpaceX‘s Starship has been chosen by Lunar Outpost to deliver its new moon rover, Eagle, to the lunar surface. What Happened: This comes after a successful suborbital test flight of the 400-foot-tall Starship...
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Wall Street Rebounds Without Its AI Darling's Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets
Friday, November 22, 2024 - 4:34pm | 624Despite widespread anticipation that NVIDIA Corp. (NASDAQ:NVDA)'s quarterly results would dictate Wall Street's year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling. While the semiconductor titan beat analyst expectations on both earnings...
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With Musk And Ramaswamy Preparing To Slash Entire Government Agencies, Here's Which Departments Employ The Most Americans And Their Salaries
Friday, November 22, 2024 - 10:15am | 917Elon Musk and Vivek Ramaswamy have been appointed to lead a new government-efficiency commission created by Donald Trump. The stated goal is to cut government spending and one approach being considered involves reducing or eliminating certain federal agencies. Don't Miss: Can you guess how...
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SpaceX CEO Elon Musk Explains How Starship's Engine Design Prevents Chain Failures Unlike Soviet N1 Rocket
Friday, November 22, 2024 - 5:09am | 497The Starship‘s many engines are isolated from each other, preventing the risk of one engine failure causing failure of all as in the case of the Soviet Union’s N1 rocket, SpaceX CEO Elon Musk said on Thursday. What Happened: “If engine failures are isolated from each other and the...
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Tesla CEO Elon Musk's Proximity To Trump Will Benefit EV Industry, Says Incoming Hyundai CEO As He Shrugs Off Potential Tariff Threats
Friday, November 22, 2024 - 3:57am | 478South Korean automaker Hyundai Motor Co‘s (OTC:HYMTF) incoming CEO Jose Munoz is optimistic about the future of electric vehicles despite fears of EV tariffs and incentives getting dropped or reduced under the upcoming Donald Trump presidency. What Happened: Hyundai decided to make a big...
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Donald Trump's DOGE Initiative To Have 'Marginal Impact' Says Analyst As Elon Musk Aims To Target Over $500B In Federal Expenditures
Friday, November 22, 2024 - 2:33am | 602President-elect Donald Trump‘s appointed DOGE or the Department of Government Efficiency could potentially save $50–100 billion annually, according to Congressional Budget Office (CBO) analyses, said Mario Georgiou, CFA and executive director, head of investments at InCred Global Wealth U.K....
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Tesla CEO Elon Musk Tries To Lower Expectations Of $30K Optimus Or Cybercab
Friday, November 22, 2024 - 1:14am | 584Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk on Thursday tempered down customer expectations of purchasing the company’s dedicated robotaxi offering – the Cybercab – and its humanoid robot called Optimus for about $30,000 each, saying it would be possible only on the “long-term....
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As Trump Backs 'Drill Baby, Drill,' His DOGE Co-Lead Elon Musk Believes 'All Energy Generation Will Be Solar' — Here's What UBS Recommends After Election Dip
Friday, November 22, 2024 - 12:20am | 800Renewable energy stocks present a buying opportunity despite recent electoral headwinds, according to UBS analysts, while Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk continues to advocate solar power’s future dominance. What Happened: UBS analysts on Thursday elevated U.S. and EU renewables to...
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Jeff Bezos Denies Elon Musk's Allegation That He Told People To Sell Tesla Stock: '100% Not True'
Thursday, November 21, 2024 - 1:33pm | 391Elon Musk and Jeff Bezos, two of the world’s richest people, entered a social media sparring match on Thursday. What Happened: The controversy began when Musk accused Bezos of urging “everyone” to sell shares of Tesla Inc (NASDAQ:TSLA) ahead of the 2024 presidential...
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Musk, Ramaswamy Should Target TransDigm In Budget Cuts, Short Report Says: 'Target #1' For D.O.G.E.
Thursday, November 21, 2024 - 1:03pm | 715Elon Musk and Vivek Ramaswamy are targeting lowering government spending with the newly announced Department of Government Efficiency (or D.O.G.E. for short). An aircraft component company is named as the perfect place for the duo to start in a new short report from The Bear Cave. What Happened:...
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Elon Musk Promises 40-Minute Flights from NYC To Shanghai – Will Prices Make It Accessible To All?
Thursday, November 21, 2024 - 12:15pm | 916In 2017, Elon Musk promised earthbound rocket flights that could take people long distances in less than half an hour. In 2024, Musk says we're closer than ever to achieving that reality. A physics engineer posted on X during the U.S. presidential election:"Under Trump’s FAA, @SpaceX...
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Elon Musk's Starlink Faces New Competition As Chinese Satellite Firm Spacesail Enters Brazilian Market
Thursday, November 21, 2024 - 8:38am | 474A Chinese state-backed company, Spacesail, is preparing to launch a satellite service in Brazil, posing a challenge to Elon Musk‘s SpaceX operated satellite service, Starlink. This announcement aligns with Chinese President Xi Jinping‘s visit to Brazil, where he signed an upgraded ...
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Elon Musk's Former X Executive Joins Rival Sam Altman's World Network To Lead Policy Initiatives
Thursday, November 21, 2024 - 7:50am | 464Nick Pickles, who previously led global affairs at Elon Musk‘s social media platform X, has taken a new role with Sam Altman, a known rival of Musk. Pickles will serve as chief policy officer for Altman’s “Tools for Humanity,” which is developing...
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SpaceX Shows Off Starship Concept Designed To Help Humans Land Back On Moon In Over 50 Years
Thursday, November 21, 2024 - 7:17am | 555SpaceX provided a conceptual image of the Starship Human Landing System (HLS) aimed at enabling astronauts to land back on the surface of the Moon for the first time since 1971. What Happened: The HLS version of the Starship will not have a heat shield and flaps aimed at protecting the vehicle...