business finance
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Elon Musk Needs Robots, and He Needs Them Now
It’s a classic Elon Musk move. Tesla released some pretty grim first-quarter numbers earlier this week, showing that net income dropped more than 50% from last year. During the earnings call, however, Musk floated his “new” vision for the electric car company. Tesla is now focused on building an AI-powered fleet of ride-hailing robotaxis, composed…
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Meet the Newest Meme Stock: Trump Media
Donald Trump’s social media enterprise officially became a publicly traded company on Tuesday, with its stock price jumping as much as 59% to over $US70 a share. We’d like to take this moment to welcome Trump Media, trading under DJT, to the world of meme stocks. At this morning’s stock price, Trump’s stake in Truth…
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Tesla Didn’t Pay Any Federal Income Taxes for 5 Years, Got $1 Million Tax Refund
A new report claims that the company uses accounting schemes to avoid declaring profits in the U.S. and paying taxes.
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Sam Altman Is Back on OpenAI’s Board After Investigation
Sam Altman will return to OpenAI’s Board of Directors, the exclusive group with ultimate control over the ChatGPT developer, first reported by The Information on Friday. The decision comes just over four months after the board mysteriously fired Altman, causing more than 700 OpenAI employees to revolt and threaten to leave the company. Altman is…