Are Tesla’s days of dizzying growth already behind it? @FastCompany reports that shares for the electric car manufacturer are down nearly 30% this year, and have fallen by more than 50% since their 2021 high, wiping out around $600 billion in market value.
Even some of the company’s diehard believers have started to distance themselves by selling off shares in recent months. “I think the story is over, is the best way to say it,” said one. Here’s more.
#Senate#Democrats opened an investigation on Thurs into #Trump’s meeting w/ #oil & #gas execs last month to determine whether Trump offered a “policies-for-money transaction” [#bribe ] when he asked for $1B for his 2024 campaign so he could retake the White House & delete #POTUS#Biden’s #climate#regulations.
The investigation is the 2nd congressional inquiry into the April 11 fund-raising dinner…. Trump told ~20 oil & gas execs that they would save far more than $1B in avoided #taxes & #legal fees after he repealed #environmental regulations….
For anyone who watched The Jetsons and dreamed of a future of flying cars, that future could be up for pre-order as soon as this year, according to Chinese electric vehicle manufacturer Xpeng.
Xpeng AeroHT aims to deliver its flying car to customers in 2026, the company’s president told CNBC, with the vehicle currently going through a certification process with the Chinese aviation regulator. Here’s more.