Denied the dubious spectacle of a cage match between Elon Musk and Mark Zuckerberg, the world may yet be treated to a contest pitting the Tesla chief executive against an underdog from Indiana.
Stock buybacks are the perfect target for the United Auto Workers. The freest of free cash flow, they may as well be a billboard saying: “So many dollars, we don’t know what to do with them!”
This week saw the release of another ode to the genius of Elon Musk, gushingly accepting his pronouncements at face value. Also, Walter Isaacson published a book about him.
Tesla Inc.’s latest results gave bulls a lot of what they wanted: An earnings beat, tantalizing shots of the Cybertruck, and an “internal projection of Dojo compute power,” referring to the in-house supercomputer.
Price cuts work — but only up to a point. This is about all one can glean from Tesla Inc.’s latest quarterly sales numbers, announced Sunday. The struggle between growth and margins, which defined the first half of 2023, has yet to be resolved.
The bankruptcy of Lordstown Motors Corp. is, in one sense, almost numbingly straightforward: Five years into existence, and having burned through more than $1 billion, it had delivered a sum total of six electric pickups.
Oil prices were, understandably, unmoved. In terms of barrels flowing and who runs Russia, nothing had changed. And the oil market is used to drama, even drama of what might be called Wagnerian proportions.
It pays to parse the language of any company’s earnings report, but perhaps more so for Tesla Inc. You could say it’s in the corporate genes.
Tesla investors begin the new year trying to escape the shadow of 2022, when more than $670 billion of value was wiped out.
Just two months ago, Elon Musk speculated that Tesla Inc. would eventually be worth twice as much as Saudi Arabian Oil Co. — AKA Saudi Aramco, AKA the biggest listed company in the world with a market capitalization (then) of $2.1 trillion.
President Joe Biden’s administration outlined a new rule in October whereby the Department of Energy could buy oil for future delivery — most likely 2024 — at fixed prices to refill the Strategic Petroleum Reserve.
Ever since Elon Musk launched his takeover of Twitter Inc., fans of Tesla Inc. have worried about the genius getting distracted. And during the new Twitter’s first six weeks — has it only been that long? — Musk has certainly come across a bit distracted. Addled, even.
Once again, we are on the cusp of a nuclear renaissance. Actually realizing one requires something nuclear power isn’t known for: Speed.
In between dabbling in geopolitics and buying-rejecting-no-really-buying Twitter, Elon Musk runs a car company.
It’s October and we’ve avoided slipping into a third world war for almost eight months, so we have that going for us.
The phrase “$10 gas” is liable to put Americans in the hospital.
Six of the largest Western oil producers — BP Plc, Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Shell Plc and TotalEnergies SE — are expected to generate free cash flow, after capital expenditure, of $163 billion this year.
You might think that the IPO of electric-truck wunderkind Rivian Automotive Inc. — with its valuation soaring past $100 billion on zero revenue — perfectly captured the madness in autos in 2021.
It’s been one year since the bombshell announcement of positive test results for Pfizer Inc.’s Covid-19 vaccine jolted stocks higher. Since that day, no sector has soared faster than energy.
The first car I ever owned was electric. I had driven many regular rentals up to that point. But having lived most of my life in London and then New York, owning never appealed; both cities offered cheaper forms of masochism (I’m told).
There is a strong case to be made that such dividends in such an inherently volatile business as oil is asking for trouble.
