The Edinburgh Worldwide Investment Trust (EWIT) has generated a near 950% return on its long-held investment in Elon Musk’s Space Exploration Technologies, better known as SpaceX, underscoring one of the most successful private-market bets in its portfolio. The investment has also become a focal point in a growing dispute with the trust’s largest shareholder, activist
Tesla stock (NASDAQ: TSLA) remained in the flat territory Tuesday as Wall Street analysts moved to the sidelines, trimming growth forecasts ahead of the electric automaker’s fourth-quarter delivery report. The share price was slightly up, after facing some serious headwinds in December as Morgan Stanley downgraded the name, citing slowing momentum and a valuation that
xAI is moving to scale up its artificial intelligence infrastructure in the southern US, buying a data centre footprint anchored in Memphis. The expansion centres on the purchase of a third facility in the region, a move that significantly lifts the company’s planned computing capacity and reinforces its ambition to run one of the world’s
Elon Musk’s satellite internet service Starlink has begun offering free broadband access to users in Venezuela through Feb. 3, as the country deals with widespread disruption following US airstrikes and the arrest of former leader Nicolas Maduro. The move places a private technology provider at the centre of a fast-moving geopolitical crisis, where connectivity has
Tesla stock (NASDAQ: TSLA) jumped over 4% on Monday as investors brushed aside soft delivery figures and focused instead on the company’s record energy storage deployments. The positive sentiment was also backed by Tesla’s accelerating progress in robotaxi testing and Full Self-Driving technology. The rally, which pushed Tesla stock past $455 per share, extends a
Europe’s markets and politics jolted into motion as a dramatic US intervention in Venezuela rippled across global finance and diplomacy. London stocks pushed toward historic highs amid a rush into defence and gold, while regulators intensified scrutiny of AI abuses and leaders from Copenhagen to Budapest warned of far-reaching consequences. From energy prices to Arctic
Elon Musk’s social media platform X (formerly known as Twitter) is facing mounting regulatory scrutiny across multiple jurisdictions after its Grok chatbot was used to create and share AI-generated sexualized images of children and women. Authorities in Europe, India, and Malaysia have launched investigations, while officials in Brazil and the UK have also raised concerns,
Elon Musk’s artificial intelligence start-up xAI has raised $20 billion in new funding in an upsized round that more than doubles its valuation since last spring, underscoring investors’ appetite for AI even as the company faces mounting criticism over the content generated by its technology. The company, which develops the Grok chatbot and its underlying
US stocks were little changed on Tuesday as Wall Street paused after a strong rally in the previous session that pushed the Dow Jones Industrial Average to fresh record levels. Investors weighed a major artificial intelligence announcement from Nvidia against increasingly divergent signals from Federal Reserve officials on the future path of interest rates. The
US stocks delivered a mixed performance on Wednesday, with the Dow Jones Industrial Average climbing to a fresh record as investors continued to navigate geopolitical developments, shifting energy markets, and new labour market data. The 30-stock Dow advanced 120 points, or 0.2%, extending its strong start to 2026 and setting a new all-time high. The