Ross Gerber, a longtime Tesla shareholder, outlined to BI four reasons he thinks the stock is vulnerable to a 50% pullback this year.
Wall Street just dumped nearly every dollar of the $12.5 billion in loans that helped Elon Musk buy Twitter—now called X—in 2022. A group of seven major banks, led by Morgan Stanley, offloaded $4.74 billion of the debt on Thursday,
The latest sale is a boon for the group of seven lenders, including Bank of America, Barclays and MUFG, who have been saddled with the debt since stumping up $12.5bn in October 2022 to fund Musk’s purchase of the social media platform, which he renamed X.
Boeing CEO Kelly Ortberg said at an analyst conference that SpaceX CEO Elon Musk is helping Boeing address issues that have delayed delivery of the new Air Force One jets.
CEO Kelly Ortberg on Thursday said Elon Musk, the head of its space business rival SpaceX, is "helping us a lot" in navigating through delays.
Boeing is working with Elon Musk to speed up the delivery of new Air Force One jets after President Trump expressed ire over the delays of the highly specialized aircraft, the company’s CEO said.
Ortberg said in an interview with CNBC that Boeing was working with Musk and DOGE "to figure out what can we do to pull up the schedule of that aircraft." Musk has bee
Billionaire Elon Musk is now lending a hand to Boeing, assisting the company with developing the long-delayed 747-8-based VC-25B Air Force One replacement that president Donald Trump badly desires.
Elon Musk is assisting Boeing in resolving delays and cost overruns for Air Force One, as the company works to speed up delivery.
Boeing Co.’s chief executive officer said Elon Musk and his DOGE team are helping the planemaker work through bottlenecks that have caused the next fleet of Air Force One jets to fall years behind schedule.