Elon Musk's Boring Company secured $3 billion in funding at a $23 billion valuation, led by investors from the UAE where it plans to build over 150 kilometers of tunnels, including the Dubai Loop. The company currently operates one public tunnel in Las Vegas and is expanding projects in Nashville and Las Vegas, despite past setbacks and community resistance. The funding round also includes longtime Musk backers like Sequoia Capital and Andreessen Horowitz. Boring Co.'s growth supports Tesla, which uses its tunnels for vehicle transport, and aims to extend its Vegas Loop to key locations like the airport and Allegiant Stadium.
Baron Partners Fund achieved a strong 16.61% gain in the second quarter of 2026, driven by top contributors like Space Exploration Technologies (SpaceX), Tesla, Red Rock Resorts, Hyatt Hotels, and Birkenstock Holding. Key detractors included CoStar G...
Tesla has introduced its new Cybercab robotaxi in Austin, featuring a camera-only system and no steering wheel, signaling a major move toward AI-driven transportation. This cost-effective and scalable model could disrupt the $1.4 trillion robotaxi ma...
Ford's ambitious $30 billion plan to dominate the electric vehicle (EV) market has failed dramatically, with sales of key models like the F-150 Lightning and Mustang Mach-E plummeting by over 60-90%. In response, Ford is shifting strategy to produce ...
Space Exploration Technologies (SpaceX) successfully completed the largest initial public offering in history, raising over $85 billion. This massive capital raise highlights strong confidence in the company's growth plans and reinforces Tesla's posi...
Michael Burry, famed for predicting the 2008 crash, has updated his portfolio with Lululemon Athletica as his largest holding, making up about 17% of his investments. Despite this confidence, Lululemon's stock dropped 12% after disappointing quarterl...
