Wharton professor Jeremy Siegel is heaping criticism on Federal Reserve Chair Jerome Powell and expects a recession. Elon Musk is backing him up. On Friday, Siegel went on an animated tirade against Powell, telling CNBC’s Halftime Report that the Fed under Powell is making a big mistake by raising interest rates and tightening monetary policy …
The Dearborn automaker has promised to produce 2 million electric vehicles by 2026. Ford’s road (F) to future popular and stock market success rests on a big gamble in the form of a gigantic factory near Memphis Tennessee. The blue oval brand has set itself the ambition of producing 2 million electric vehicles globally per year by …
Elon Musk announced that he was activating Starlink in response to U.S. Secretary of State Antony Blinken’s tweet announcing the issuing of a General License to provide the Iranian people with access to digital communications. “We took action today to advance Internet freedom and the free flow of information for the Iranian people, issuing a General License …
As Starlink becomes more popular for its high-speed internet services, its rise in popularity on smartphones will grow as well. It’s well on its way according to SensorTower, an app-tracking firm. On Wednesday, the Starlink app was the 54th most downloaded iPhone app for users in the U.S. The Starlink app, which is free to …
Ford has shaken up their leadership team as they seek to expand its software leadership team and focus on EV production with lofty goals. Ford announced today that the brand would be expanding its leadership team and reshuffling key leaders as it works to better its software and production capabilities regarding electric vehicles. In total, this …
Elon Musk shared some thoughts about how to alleviate poverty on Twitter late Thursday evening. He’s often criticized for his billionaire status by many critics, especially those seeking to mislead the vulnerable populations into thinking that Elon Musk is responsible for their suffering. “Education,” Elon Musk said, “is the path out of poverty and Internet …
It appears that another Tesla Megapack farm is taking shape, this time in the Arroyo Solar and Storage project in New Mexico. Images of the site under construction were recently shared on social media. As per a post on LinkedIn from Nicholas Park, the Chief Operating Officer of NuConsult Services, some Megapack batteries have already been delivered …
General Motors (GM) said that it will no longer accept reservations for its all-electric GMC Hummer pickup and Hummer SUV. The company’s spokesperson, Mikhael Farah told the Detroit Free Press that the enthusiasm for the Hummer brand “has led to over 90,000 reservations for both pickup and SUV, and we’re excited to say this incredible demand has led …
Jack Sweeney said Facebook shut down his page that tracks Elon Musk’s jets. Sweeney made headlines earlier this year when Musk offered him $5,000 to shut down a Twitter account. The 20-year-old also shares tracking data on Mark Zuckerberg’s private plane. Jack Sweeney, the 20-year-old known for tracking Elon Musk’s jet, said on Thursday that Facebook …