The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Musk made the announcement on Twitter, in response to queries from other users about when the cars would be rolled out.
The Model 3 is Tesla's most affordable car to date, with the firm planning on selling a mass-market $35,000 version before tax incentives next year. The firm unexpectedly launched a new $45,000 version of the Model 3 with a mid-range battery last week. Several days later, the firm hiked the price of that new model by $1,000.
Tesla's chief frequently uses Twitter to communicate Tesla's strategy, a tactic that has sometimes been more damaging than beneficial for both Musk and his car company.
The billionaire recently found himself in hot water with the Securities and Exchange Commission over a tweet he posted earlier this year stating that he was mulling a deal to take Tesla private at $420 a share.
"Am considering taking Tesla private at $420. Funding secured," his August tweet read. Just weeks later, Musk backtracked on that proposal, and said the company would remain publicly traded.
After being sued last month by the SEC for fraud, Musk reached a settlement with the U.S. securities regulator, and was forced to pay out $20 million — and Tesla another $20 million — in fines. Musk is also to step down as the company's chairman but remain as its chief executive as a result of the settlement, which was approved by a judge last week.
Tesla defied the odds on Wednesday when it posted a $311.5 million net profit — its first in two years — and $881 million in free cash flow. The electric car manufacturer had been battling with production hurdles and burning through cash at a rate of almost $1 billion per quarter.
Shares are up 10 percent in premarket trade on the back of the firm's earnings beat.