Elon Musk taunts Tesla rival Rivian after its blockbuster market debut
Elon Musk said high production and break-even cash flow will be the true test for rival carmaker Rivian, which had a blockbuster IPO this week.
CNBC Technology
Elon Musk sells another $687 million in Tesla stock after shedding billions earlier in the week
The news comes just days after the Tesla CEO sold $5 billion in stock
Backblaze takes opposite IPO route to Rivian, going public on small valuation and minimal funding
With just $16 million in revenue, Backblaze is smaller than many other technology companies that have come to public markets in recent years.
Tesla Model 3 was traveling up to 90 mph before fatal crash in Florida, NTSB finds
The speed limit of the residential street that the crash occurred on in Coral Gables was 30 mph, according to the NTSB.
'Too risky' to not use both battery electric and hydrogen tech, Daimler Truck CEO says
Martin Daum emphasized that a number of factors were in play when it came to the costs of electric trucks.
Goldman and VW-backed Northvolt produces battery cell with recycled nickel, manganese and cobalt
Plans come at a time when the shift to electric vehicles is beginning to gain momentum.
Xpeng shares spike 10% as the Chinese electric carmaker teases new SUV to launch next week
Xpeng's new sports utility vehicle is likely to be the successor to the G3 and G3i.
Central bank digital currencies are a long way from becoming reality — unless you’re in China
Rising interest in cryptocurrencies has reignited central banks' digital currency ambitions. But so far, most CBDC projects are moving at a sluggish pace.
Alibaba, JD smash Singles Day record with $139 billion of sales and focus on 'social responsibility'
Despite the big sales numbers, Singles Day was a slightly more muted affair as Chinese technology companies face scrutiny from regulators.
Rivian founder R.J. Scaringe is worth $2.2 billion after his company's two-day IPO pop
R.J. Scaringe has yet to turn his company into a revenue-generating business, but he's already worth $2.2 billion after Rivian's IPO.
Elon Musk sells around $5 billion of Tesla stock
Musk sold the shares in part to satisfy tax obligations related to an exercise of stock options.
Rivian customers who pre-ordered electric SUVs and trucks made millions from IPO pop
As part of Rivian's IPO, the electric vehicle company reserved shares for people who have pre-ordered a truck or SUV as of Sept. 30.
Shares of EV start-up Rivian spike on second day of trading, market cap surpasses GM
The Amazon- and Ford-backed company already surpassed both Ford and General Motors by market cap.
Affirm, SoFi shares pop following earnings
Shares of Affirm and SoFi soared on Thursday after both fintech companies posted their latest quarterly numbers.
AMC CEO Adam Aron sold $25 million in shares Tuesday, after warning meme investors he would do so
AMC CEO Adam Aron has filed paperwork with the SEC that would permit him to sell 1.25 million shares of the company — worth about $48 million at current prices.
GM Defense plans to produce military vehicle based on Hummer EV in 2022
The plan includes an "electric Light Reconnaissance Vehicle," or eLRV, based on the upcoming Hummer EV for potential use by the Army.
26-year-old CEO completes SPAC deal and brings his autonomous trucking start-up Embark public
The congestion at U.S. ports, the trucker shortage and the rise of e-commerce have created a unique opportunity, Embark Trucks CEO Alex Rodrigues told CNBC.
China's shock climate deal with the U.S. has sparked some cautious optimism
The plan to work with one another has been broadly welcomed.
Affirm shares soar after company announces expanded deal with Amazon, fiscal Q1 revenues beat estimates
Affirm shares soared in after-hours trading Wednesday, after the company announced it would expand its Amazon deal and that it beat on fiscal Q1 revenue.
China's JD.com smashes through its Singles Day record with $48.7 billion in sales and counting
There are still several hours left of Singles Day this year with JD's sales ending at midnight China time on Friday so its transaction volume will increase.
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