Headline: Tesla parts with a key Musk confidant as deliveries decline and priorities shift. Subheadline: Omead Afshar, a top executive and fixer to Elon Musk, exits Tesla during a tumultuous period marked by falling EV deliveries, rising competition, and a high-stakes pivot to AI and robotics. 1. A Trusted Lieutenant Departs Omead Afshar, who joined Tesla in…
Elon Musk’s artificial intelligence venture, xAI, is making headlines with a significant $300 million secondary share sale, positioning the company at a staggering $113 billion valuation. This move underscores Musk’s renewed focus on his business empire, particularly in the competitive AI sector.Financial Times A Strategic Merger: xAI and X In March 2025, Musk orchestrated a…
Introduction In today’s premarket session, several stocks are experiencing notable movements due to recent policy announcements and market developments. President Trump’s decision to double tariffs on imported steel and aluminum has significantly impacted U.S. steel producers, while biotech and tech companies are responding to regulatory news and market conditions. Cleveland-Cliffs (NYSE: CLF) Cleveland-Cliffs’ stock surged…
