Asian stocks mixed on Wednesday as the company’s sad earnings reports add to pessimism about the widespread economic consequences of the coronavirus pandemic. Tokyo’s Nikkei 225 index lost 1% after Fitch Ratings lowered its outlook for Japan to “negative” from “stable”. “The coronavirus pandemic has caused a sharp economic contraction …
Read More »Bill Gates on Elon Musk’s controversial coronavirus comments: Stick to Electric Cars and Rockets
“ Elon’s position is to maintain a high level of outrageous comment, he is not heavily involved in vaccines. Makes a great electric car. And their rockets work well. Then you are allowed to say these things. I hope he doesn’t confuse areas that he’s not too involved in. ‘ …
Read More »Tesla plans a $ 780 million bond deal linked to vehicle leases, its first offer of its kind during the pandemic
Telsa Inc., after reporting a surprising second-quarter profit, plans to raise $ 779.53 million this week in the asset-backed bond market. The Palo Alto, California-based electric vehicle maker is offering eight classes of bonds to investors maturing in 2.7 years or less and most of which have the best AAA …
Read More »‘Problems are coming’, warns the short selling legend that he only cashed out a winning bet of roughly $ 100 million
“ ‘This market is shaping up to be one of the greatest short opportunities of all time. The problems are coming, I don’t know when, but they are coming. “ That’s legendary short seller Jim Chanos, fresh out of a $ 100 million victory, casting sadness over the current state …
Read More »Don’t be fooled! Elon Musk Says Warren Buffett Isn’t Exactly the “Kind Grandpa” He Thinks He Is
Warren Buffett has said he would not invest in Tesla. On top of that, the Berkshire Hathaway chief’s right hand once claimed that Elon Musk “may be overestimated.” Musk, for his part, admitted in May that he “is not Buffett’s biggest admirer.” Two months later and not much has changed, …
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