Tesla Shares Tumble as Elon Musk’s Political Leanings Spark Investor Concerns
Tesla shares fall nearly 3% as CEO Elon Musk hints at forming “The America Party,” raising investor worries about business focus and leadership stability.
Vishakha Singh
Tripadvisor Faces Activist Pressure as Starboard Value Takes Stake, Urges Strategic Changes
Activist investor Starboard Value acquires a stake in Tripadvisor and urges a strategic review, pushing for major changes at the travel site as competition intensifies.
Elon Musk’s xAI Raises $10 Billion in Landmark Debt and Equity Funding Round
Elon Musk’s xAI raises $10 billion in debt and equity, challenging OpenAI as a major AI player.
Alstom Clinches €2 Billion Contract with New York MTA to Modernize Subway Fleet
Alstom wins €2 billion deal to supply 1,600+ modern subway cars to New York MTA, boosting US rail jobs and updating NYC’s aging transit system.
Amazon to Shut Down Freevee Streaming Service Amid Broader Content Shift
Amazon will shut down its Freevee streaming service, consolidating its ad-supported content into Prime Video and signaling major changes in the streaming landscape.
Nippon Steel Secures $5.6 Billion in Subordinated Loans to Fund U.S. Steel Acquisition
Nippon Steel secures $5.6 billion in subordinated loans from Japanese megabanks to fund its $15 billion acquisition of U.S. Steel, advancing the deal amid regulatory review.
Tesla’s China EV Sales Surge 37% in June: Strong Rebound Amid Competition
Tesla’s China EV sales jumped 37% in June 2025 to 61,000 vehicles, signaling a strong rebound amid fierce market competition.