Michael Saylor’s Bitcoin investment firm, Strategy Inc., has raised its monthly dividend on STRC preferred shares to 10.5 percent, slightly above September’s 10.25 percent. The move came after the company reported $3.9 billion in net profit for the third quarter, a sharp turnaround from a $432.6 million loss during the same period last year. According … Continue reading “Michael Saylor Firm Raises STRC Dividend to 10.5 Percent – iShook Finance”
Written by Electric Vehicles Magazine
Key Highlights of the Stellantis Jeep Recall 375,000 Jeep SUVs recalled globally — including 2020–2025 Wrangler 4xe and 2022–2026 Grand Cherokee 4xe plug-in hybrids. Battery fire risk identified after 19 reported incidents and one injury; most fires occurred while vehicles were parked. Samsung SDI-manufactured batteries found to have separator damage causing potential thermal runaway. Previous … Continue reading “Stellantis Recalls 375K Jeep 4xe SUVs Over Fire Risk – iShook Finance”
Written by Electric Vehicles Magazine
Key Points Tesla shareholders are voting this week on Elon Musk’s $50 billion pay package. The plan would restore Musk’s stock options and raise his stake in Tesla. CalPERS and Norway’s sovereign wealth fund have opposed the proposal. The meeting also includes a proposed AI partnership with Musk’s xAI venture. … Continue reading “Can Musk Become a Trillionaire? Tesla Investors Split Over $50 Billion Pay Deal – iShook Finance”
Written by Electric Vehicles Magazine
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This tech earnings season has been a test of the bullish generative AI narrative that has propelled the valuations of the Magnificent Seven, a group of megacap stocks, and the entire US stock market, to … Continue reading “A rollercoaster earnings season for tech stocks”
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuelan opposition leader María Corina Machado emerged from hiding on Saturday to appear at an anti-government rally in Caracas, despite a violent crackdown on dissent by the socialist government of Nicolás Maduro. Machado, who had … Continue reading “Venezuelan opposition leader emerges from hiding at rally amid crackdown”
Written by Electric Vehicles Magazine
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Delaware judge on Friday expressed scepticism that a vote by Tesla shareholders would give her grounds to reinstate the record $56bn pay package for Elon Musk that she invalidated earlier this year. During a … Continue reading “Tesla attempt to save Elon Musk’s $56bn pay package gets sceptical reception”
Written by Electric Vehicles Magazine
The latest report from the Labor Department shows that more Americans filed for unemployment benefits last week than expected. Initial claims rose by 20,000 to reach 243,000 for the week ending July 13. This increase follows a previous drop, which was partly affected by holiday-related disruptions in reporting data. Understanding Seasonal Fluctuations Manufacturers, especially auto … Continue reading “U.S. Sees Increase in Weekly Jobless Claims Due to Seasonal Changes”
Written by Electric Vehicles Magazine
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla’s earnings slightly disappointed last week, but its stock is still valued at nearly 100 times earnings. Does this make sense? And what exactly is Tesla anyway? Today on the show, Rob Armstrong and reporter … Continue reading “The case for Tesla”
Written by Electric Vehicles Magazine
Tesla’s stock fell by 8% in pre-market trading on Wednesday after the company reported its lowest profit margins in five years. This has highlighted the need for Tesla to introduce more affordable electric vehicles (EVs) to boost sales instead of relying on price cuts. Falling Profit Margins and Market Reaction Tesla’s efforts to increase sales … Continue reading “Tesla Stock Drops as Profit Margins Fall, Emphasizing Need for Cheaper EVs”
Written by Electric Vehicles Magazine
Tesla’s stock dropped 10% in early trading on Wednesday following its mixed second-quarter results. Despite the decline, the company confirmed its plan to introduce new, more affordable electric vehicles (EVs) in early 2025. CEO Elon Musk also announced that the robotaxi reveal is now scheduled for October 10, delayed from the initial August 8 date. … Continue reading “Tesla Stock Drops 10% After Mixed Q2 Results; Affordable EVs and Robotaxi Reveal Set for 2025”