Tesla’s $2 billion investment in xAI will be turned into a less than 1% stake in SpaceX.
Source: Sherwood News.
Category: Business
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Gas jumps 60 cents in under two weeks, hitting $3.60 as the market braces for possible $4 a gallon
Spring is just around the corner and gas prices just keep getting higher.Source: Sherwood News.
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Lucid announces Cybercab competitor and self-driving tech subscription in a bid to take on Tesla
Lucid’s vehicle has two seats and no steering wheel… a lot like another vehicle we’ve been hearing a lot about lately.Source: Sherwood News.
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Rivian announces R2 will start at $59,485 at launch, with lower cost trims set to arrive in 2027
Rivian unveiled the launch pricing for its highly anticipated R2 on Thursday.Source: Sherwood News.
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US chemical stocks soar as global competitors lose access to Mideast gas
American chemical companies may reap windfall gains, as European and Asian competitors suffer from their reliance on natural gas from the Gulf.Source: Sherwood News.
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Meme coin factory Pump.fun passes $1 billion in revenue
Meme coin factory Pump.fun has surpassed $1 billion in revenue, making it the first protocol built on the solana blockchain to reach the milestone.Source: Sherwood News.
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Never-ending stream of private credit conniptions weighs on financials
Stocks tied to private credit and the broader banking industry are coming under pressure.Source: Sherwood News.
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Bloomberg Intelligence analyst keeps prediction for bitcoin to fall to $10,000
Many disagree, saying bitcoin is “too big to fail” and that such a fall would require an “extreme systemic shock.”Source: Sherwood News.
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Palantir announces slew of defense- and security-themed partnerships
Partnerships with Nvidia, Centrus, and GE Aerospace were announced in conjunction with Palantir’s annual conference built around its artificial intelligence software platform.Source: Sherwood News.
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Tesla’s China sales jump as EV market slumps
In February, Tesla, fueled by Model Y sales, enjoyed its highest China EV market share in nearly two years.Source: Sherwood News.
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Uber, which exited self-driving in 2020, is now at the center of the robotaxi era
Uber, which plans to launch a robotaxi service with Wayve and Nissan in Tokyo this year, has deals with every major AV player.Source: Sherwood News.
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JPMorgan warns on the first “persistent signs of weakness” from retail traders in 2026
It takes a lot to shake the resolve of retail traders. War and oil price spikes might just be enough.Source: Sherwood News.