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Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
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Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
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Two top-shelf Tesla cars both beat a Lamborghini Aventador, continuing to prove the technical advantages of high-end electric motors in acceleration.
A Tesla Model X and Model S, both P100D models with Ludicrous, edged out the Lamborghini in a quarter-mile drag race held by Brooks Weisblat of Drag Times at the Palm Beach International Raceway.
The Model X ended up setting a record time for a sport utility vehicle, according to the video.
Electric motors are known for being able to accelerate quickly due to the availability of instant torque. Teslas are especially quick, particularly when the driver engages Ludicrous mode, which is a kind of high-performance setting that pushes both cars from zero to 60 in under three seconds.
It is important to point out that internal combustion engines in some high-end cars can outperform Teslas at high speeds.
It is also worth noting the Tesla costs $165,000, compared with $530,000 for the Aventador, Drag Times said.