Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's first-quarter earnings report, as analysts fret over "ongoing brand erosion."The stock closed at $227.50 leaving it less than $6 above its low for the year on April 8. The shares are now down 44% for the year af
Tesla Inc. chief Elon Musk ’s wealth has slipped below $300 billion for the first time since November as the indiscriminate fallout from President Donald Trump ’s tariffs punishes even those closest to him.Musk lost $4.4 billion on Monday after Tesla stock extended losses, taking his total f
Just R20 for the first month. Support independent journalism by subscribing to our digital news package. Image: REUTERS/Kent Nishimura Ridiculed for imposing trade tariffs on frozen islands largely inhabited by penguins, US President Donald Trump's formula for calculating the levi
EXCLUSIVE: Susie Wiles was called to the podium by Donald Trump during his victory speech, apparently overcoming her considerable reticence in order to do so.Susie Wiles, the woman widely credited with bringing stability to
Imagine youâre running an asset financing business in Europe and think, âWhy not give East Africa a shot?â So you do the research, find the market, and discover real potential. Thatâs how Mogo Uganda, an asset-financing tech company, landed in Kampala. The
(U.S. ) – As the U.S. presidential election approaches, a series of extraordinary events and controversies have shaped the 2024 campaign, from shocking moments to unexpected endorsements. In the run up to the election, there have been several headline making incidents that have captured the
Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option
The 2024 Olympic Games were accused of "blasphemy" after a stunt by drag performers during the opening ceremony sparked protest from many - including Elon Musk.The organisers of the Olympics hav
Bill Gates may be the world's fifth-richest person, but he doesn't plan to stay that way forever.The Microsoft cofounder said in 2022 that he "will move down and eventually off of the list of the world's richest people" as he
Louis Vuitton boss Bernard Arnault is now the richest person in the worldHe dethroned Bezos who took the crown Tuesday for the first time since 2021Musk is now the third richest person after Tesla shares tumbled He was cr
