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Tesla Cybertruck, with a starting price of $80,000, is now available for lease.Leasing an EV is a popular option, making up 46% of franchise EV sales, per J.D. Power.Part of the reason is due to a tax credit program that the Cybertruck has been largely left out of.Tesla is offering…
By Sophie Yu and David Kirton ZHUHAI, China (Reuters) – European planemaker Airbus defended free trade on Tuesday as the aerospace industry faces a growing cluster of economic tensions. The CEO of the planemaker’s China operations said Airbus was “very much pro free trade” and its presence there was a…
Tesla reported blowout earnings this week, but its biggest growth driver wasn’t cars or robots.Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024.Elon Musk said on Tesla’s earnings call that the energy unit is “growing like wildfire.” Tesla…
Fast-food chains are pulling onions from their restaurants due to E. coli risks.Taco Bell, KFC, and Johnny Rockets joined McDonald’s in withdrawing the ingredient from some locations.The outbreak linked to McDonald’s involves 49 E. coli cases and one death in 10 states. A string of American fast-food chains and restaurants…
Baiju Bhatt, the cofounder of trading app Robinhood, has a new space startup.Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers.Bhatt told BI why he’s joining the commercial space race and what Robinhood taught him about capitalism. When Baiju Bhatt co-founded the…
I grew up in the Bible Belt, thinking that men were supposed to initiate romantic relationships.I felt weird about making the first move when I met my future husband in college.Now, I realize that we need to write our own stories when it comes to dating and life in general.…
Private lending is now Blackstone’s largest business by assets, up 22% since last year.COO Jon Gray said it’s “very early days” for the burgeoning business.Inside Blackstone’s growing “credit juggernaut.” Blackstone made its name buying undervalued companies and real estate. But in the third quarter of this year, the company’s burgeoning…
Four years ago, the people who ran Deadspin quit the sports site and launched their own.Defector, which relies on subscription revenue, was a hit out of the gate.Now comes the hard part: Growth is plateauing. It’s a story across much of digital media. Four years ago, Defector Media launched with…
New York City Mayor Eric Adams is set to appear in court over bribery and wire fraud charges.Adams faces five criminal counts related to a federal corruption investigation.Calls for Adams’ resignation are growing with some arguing his legal battles hinder city governance. As New York City Mayor Eric Adams prepares…
The US Navy is extending the reach of its fighter aircraft with a new long-range air-to-air missile only recently made operational, a weapon needed for a potential conflict with China.The missile helps to close the gap between US capabilities and those of China, which is fielding new beyond-visual-range air-to-air missiles…
