Elon Musk’s stunning tweet that he wanted to take Tesla private and had funding secured was a classic Musk moonshot – given credibility only by the sense that if anyone could possibly pull such a brazen feat, he was the guy.
Author: Agency Staff
South Africa has dropped proposals to boost supply from nuclear plants in its latest energy blueprint and will increasingly bring in renewable sources as it trims a reliance on coal.
A red 1962 Ferrari 250 GTO owned by a former Microsoft employee sold for $48.4-million (about R690-million) on Saturday in California, the most ever paid for a classic car at auction.
Elon Musk has scrapped his plan to take Tesla private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet.
If you need proof that giant technology companies behave a lot like borderless governments, look no further than the brewing “app store taxes” debate.
Just a few months ago, Tencent reigned as the most valuable company in Asia, but it has since suffered a record stock plunge that has wiped more than $140-billion off its market value.
Japan is making a push to develop flying cars, enlisting companies including Uber Technologies and Airbus in a government-led group to bring airborne vehicles to the country in the next decade.
A member of the Gupta family offered former deputy finance minister Mcebisi Jonas R600-million to take the top ministry post and threatened to kill him if he spoke of the offer, Jonas told a judicial inquiry.
Volkswagen has mapped out details of its transformation from a mass manufacturer of cars to a provider of transportation services by unveiling a car-sharing service and promising digital acquisitions.
Facebook said it has investigated thousands of apps and suspended 400 of them since a developer data leak scandal broke in March.