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US government to vacate 793 offices as Elon Musk’s DOGE cuts real estate costs

March 14, 2025 05:55 PM AEDT| By Invezz

The US government is set to vacate nearly 800 federal office spaces across the country in a drastic cost-cutting effort led by Elon Musk’s Department of Government Efficiency (DOGE). Internal documents from the General Services Administration (GSA) r...

After Airtel, Reliance Jio strikes deal with SpaceX for Starlink internet in India

March 12, 2025 06:19 PM AEDT| By Invezz

Mukesh Ambani’s Reliance Jio has forged a strategic partnership with Elon Musk’s SpaceX to introduce Starlink satellite internet services in India. The unexpected collaboration marks a shift in the telecom landscape, as the two billionaires had previ...

Trump’s Tesla purchase: A political statement amid Musk controversy?

March 12, 2025 03:48 PM AEDT| By Invezz

US President Donald Trump purchased a red Tesla Model X on Tuesday in a public display of support for Elon Musk’s electric vehicle company, which has been under fire due to Musk’s involvement in the administration’s Department of Government Efficienc...

Elon Musk under fire as X crashes, Tesla plunges, and Trump administration role sparks backlash

March 11, 2025 05:01 PM AEDT| By Invezz

Elon Musk’s leadership across multiple businesses faced intense scrutiny on Monday after X, formerly Twitter, experienced multiple outages, Tesla stock plummeted 15.4% in a single trading session, and his government role under the Trump administratio...

Tesla shares slip another 4%: what’s going on?

March 11, 2025 12:10 AM AEDT| By Invezz

UBS analysts lowered their price target on Tesla to $225 from $259 while maintaining a ‘sell’ rating. The TSLA stock was down over 4% in pre-market trading on Monday. Tesla’s market value has fallen around 45% since its record high of $1....

Elon Musk’s SpaceX faces fresh hurdles as Starship explodes again

March 07, 2025 05:29 PM AEDT| By Invezz

SpaceX faced another major setback as its Starship spacecraft exploded mid-flight shortly after launching from Boca Chica, Texas. This marks the second consecutive failure for Elon Musk’s Mars-bound rocket program in just over a month, raising concer...

Salesforce, Microsoft, and 3 other software stocks Evercore ISI wants you to buy amid market pullback

March 07, 2025 07:21 AM AEDT| By Invezz

Investors have been cautious about high-growth technology stocks in 2024, with broader market uncertainty and concerns over President Donald Trump’s tariff policies putting pressure on valuations. The Nasdaq Composite has declined 6% so far thi...

Tesla shares slide another 5% on Thursday: here’s why

March 07, 2025 01:47 AM AEDT| By Invezz

Baird has added Tesla as a Bearish Fresh Pick, citing near-term headwinds related to production challenges and weakening demand. Shares of Tesla were down over 5% as the markets opened on Thursday. The TSLA stock has slumped around 28% in the last 30...

Tesla defies European slump in February as UK sales remain strong ahead of tax hike

March 05, 2025 11:47 PM AEDT| By Invezz

After reporting dismal sales in Europe for January, Tesla’s Model 3 and Model Y remained highly popular in the UK in February, ranking among the top three best-selling car models of the month. According to data from the Society of Motor Manufacturers...

Judge denies Musk’s request to block OpenAI’s for-profit shift, but agrees to fast-track trial

March 05, 2025 06:45 PM AEDT| By Invezz

A US court has ruled against Elon Musk’s request to block OpenAI’s shift to a for-profit structure, marking a key development in the legal battle over the artificial intelligence firm’s governance and funding strategy. While denying the preliminary i...

Why Tesla stock is down around 4% today

March 05, 2025 01:17 AM AEDT| By Invezz

Tesla’s sales of China-made electric vehicles dropped 49.2% year-on-year in February, falling to 30,688 units, the lowest since August 2022, according to data from the China Passenger Car Association (CPCA). The decline comes as the US automaker face...

Tesla stock jumps 3.4% in premarket trading as analyst sees over 45% upside

March 03, 2025 11:27 PM AEDT| By Invezz

Morgan Stanley has reinstated Tesla as its “Top Pick” in the US auto sector, setting a price target of $430, which implies more than 47% upside from its current share price. The firm sees the recent 30% year-to-date decline in Tesla share...

Microsoft is shutting down Skype: how Zoom and Microsoft’s own Teams sounded its death knell

March 01, 2025 06:53 AM AEDT| By Invezz

Microsoft has announced the official shutdown date for Skype, the once-revolutionary calling and messaging service that disrupted traditional telecoms. The 21-year-old platform will cease operations on May 5, with Microsoft urging users to transition...

Is Trump’s AI strategy backfiring? Microsoft sounds alarm on chip curbs

February 27, 2025 11:19 PM AEDT| By Invezz

Microsoft is preparing to make a bold appeal to the Trump administration, urging a significant overhaul of current restrictions on the export of advanced artificial intelligence (AI) chips. According to a report in the Wall Street Journal (WSJ), the...

Trump orders deeper federal layoffs as Musk outlines aggressive budget cuts

February 27, 2025 03:17 PM AEDT| By Invezz

US President Donald Trump has ordered federal agencies to implement another round of mass layoffs, escalating efforts to shrink the government workforce. At his first cabinet meeting, Trump gave a spotlight to billionaire entrepreneur Elon Musk, who...

Who runs DOGE? White House says it’s Amy Gleason, not Elon Musk

February 26, 2025 08:32 AM AEDT| By Invezz

Amy Gleason has been identified as the administrator of President Donald Trump’s Department of Government Efficiency (DOGE), multiple reports stated citing White House officials on Tuesday. The confirmation came shortly after White House Press Secret...

Here’s why Tesla investing in Nissan may be a ‘brilliant move’

February 26, 2025 05:39 AM AEDT| By Invezz

Constellation Research founder and chairman Ray Wang says a potential investment from Tesla Inc (NASDAQ: TSLA) in Japan’s Nissan Motor Co Ltd (TYO: 7201) would be a “brilliant move”. His remarks arrive shortly after reports that a powerful Japanese g...