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Cathie Wood’s ARK Invest funds reiterated their faith in Elon Musk—buying back into Tesla after selling shares last week in a move that looked like it was making room for SpaceX’s mega IPO. A trading notice revealed on Thursday it added 54,815 shares across its ARK Innovation ETF—where the electric vehicle maker remains the top holding, making up 9.7% of the fund—and its ARK Next Generation Internet ETF, in which it is second in terms of holdings, making up 8.6% of the fund. Wood’s admiration for Elon Musk’s companies is no secret and when his SpaceX company went to market last week her ARK funds had a big selloff, including some of its Tesla position.
SpaceX has been awarded investment-grade credit ratings by all three major agencies just days after its record stock market debut, even as its newly listed shares slid sharply on Thursday.View on euronews
MAILBAG To the Editor: Good luck to Nestlé, but I find pretty much all of its brands and products to be boring and stale—and its persistent price increases don’t make them any more enticing to buy versus those of its competitors (“Nestlé Finds Its Sweet Spot.
Can Rivian bounce back from its terrible performance this year?
Elon Musk said Tesla Inc (NASDAQ:TSLA) owners will soon be able to speak to Grok, the AI assistant from xAI, as if the car is a chauffeur. Commands like "turn right here" and "drop at the entrance first, then park far away" will be voice-activated instead of requiring touchscreen input or...
Venture capitalist Tim Draper praised SpaceX’s (NASDAQ:SPCX) record initial public offering as a defining moment for Elon Musk and private innovation, saying the listing showed how founders can force industries to imagine a different future. Draper Says Musk Revived Transportation And Space "My take on @SpaceX going public: $75 billion raised. Largest IPO in history. Stock up 19% on day one," Draper wrote on X, referring to Space Exploration Technologies Corp. He said Musk "brought new life to t
Tesla is set for an excellent second quarter of EV deliveries, according to Wall Street, but investors should also keep an eye on developments in its long-term growth initiatives.
One Musk-led mega company isn't an absurd idea.
The complaint was filed on Wednesday in the U.S. District Court for the Central District of California, TechCrunch reported.
A Texas Department of Transportation (DOT) executive has backed Tesla Inc.‘s robotaxi efforts, in what could be a boost for Elon Musk‘s self-driving goals. A Significant Shift In Mobility Marc Williams, the Executive Director of the Texas DOT, took to...
The Swedish Transport Administration (TRV) sent a letter dated April 30 to the EU’s Technical Committee on Motor Vehicles (TCMV), urging rejection of FSD in its current form, reported Reuters.
Carvana (CVNA) is launching 'car playground' where customers can setup test drive via the phone. Allison Worldwide Managing Director of Automotive, Rebecca Lindland, joins Josh Lipton on Market Domination to discuss how it works and how customers are reacting to it.
Investors gravitated toward the June 18 expirations, with about 726,000 contacts traded as of 1 p.m.
As SpaceX and Deep Fission go public and Anthropic and OpenAI look to follow, learn these rules for how to invest in IPO stocks.
Jordi Visser of 22V Research made a striking call on The Pomp Podcast with Anthony Pompliano: the most recognizable face in artificial intelligence may not be in the corner office a year from now. “I’d be shocked if within a year, if he’s still running OpenAI. That’s just me,” Visser said of Sam Altman. The ... ‘I’d Be Shocked If Within a Year Sam Altman Is Still Running OpenAI’
STOCKHOLM/SAN FRANCISCO, June 18 (Reuters) - A Swedish transport authority is recommending a vote against the Europe-wide rollout of Tesla's supervised self-driving software, unless the U. EV maker disables its ability to exceed legal speed limits, a regulatory letter shows.
Waymo is recalling 3,871 robo-taxis to correct software that might allow a vehicle to enter a freeway construction zone, according to a National Highway Traffic Safety Administration notice. For starters, it illustrates the size of the Waymo robo-taxi fleet. The Alphabet -owned ride-hailing network operator is expanding across the country, along with other companies, including Tesla Amazon.com -backed Zoox, and others.
BofA analyst Alexander Perry recently analyzed safety y data for Waymo and Tesla. Serious incidents are very rare.
A.P. Moller Capital has agreed to acquire Mainstream Renewable Power South Africa, a prominent renewable energy developer in South Africa, through its Emerging Markets Infrastructure Fund II. This acquisition is part of A.P. Moller Capital's strategy to invest in infrastructure that supports the energy transition in high-growth markets. Mainstream South Africa boasts a significant renewable energy portfolio, including 148 MW of operating and in-construction assets, 351 MW of...
There is speculation that SpaceX will acquire Tesla within the next year.
Volkswagen (ETR:VOW3) used its 66th annual general meeting to outline a difficult but active 2025 fiscal year, with executives pointing to product launches, electric-vehicle momentum and restructuring progress while warning that tariffs, competition and geopolitical pressures continue to weigh on pr
The rewriting of several major index inclusion criteria has set retail investors up to be fleeced.
Popular cryptocurrency analyst Ali Martinez drew attention to the fact that Elon Musk, who became the world’s first trillionaire, owns Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE). Is Musk ‘Orange-Pilled’? In an X post, Martinez paired a line drawing of Musk with the Bitcoin logo, with the caption, “The world’s first TRILLIONAIRE owns Bitcoin. Let that sink in.” Both of Musk’s companies, Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA), indeed hold BTC in thei