Business

Tesla shares fall after Musk's 'soap opera' Twitter poll

Tesla's share price plunged Monday in the latest controversy sparked by CEO Elon Musk, who was facing criticism for letting his Twitter followers decide whether he should sell billions in company stock.

Business

Musk: I'll sell 10% of Tesla stock based on Twitter poll

Tesla shares closed Monday down nearly 5% after CEO Elon Musk said he would sell 10% of his holdings in the electric car maker—more than $20 billion worth by most calculations—based on the results of a poll he conducted ...

Consumer & Gadgets

Google, Indian billionaire launch budget smartphone

Online giant Google and Asia's richest man Mukesh Ambani opened advance orders in India on Monday for an entry-level smartphone billed as the world's most affordable, joining the race to tap into the booming budget market.

Automotive

Ford, GM profits fall as sales drop due to chip shortage

The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.

Automotive

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Swedish car brand Volvo said Monday it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

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