Elon Musk says Fed’s decision is been ‘foolish’ for not cutting interest rates

Elon Musk says Fed's decision is been 'foolish' for not cutting interest rates

Elon Musk, the CEO of Tesla and SpaceX, has criticized the Federal Reserve for not cutting interest rates sooner. He believes that the Fed’s decision to keep rates high despite recent weak economic data is “foolish” and could potentially harm the economy.   Musk’s comments came in response to a post on X (formerly Twitter) highlighting Read more: Elon Musk says Fed’s decision is been ‘foolish’ for not cutting interest rates..

Elon Musk will discuss $5 billion xAI investment with Tesla board

ELon Musk will discuss $5 billion xAI investment with Tesla board

Elon Musk recently announced his intention to discuss a potential $5 billion investment in his AI startup, xAI, with Tesla’s board. This proposal has generated significant interest and discussion due to the potential implications for both Tesla and xAI.   Elon Musk announced his intention to discuss the potential $5 billion investment in xAI with Tesla’s Read more: Elon Musk will discuss $5 billion xAI investment with Tesla board..

Tesla Stock to Sell downgraded by UBS, also ABB India and L&T to Neutral

Tesla Stock to Sell downgraded by UBS, also ABB India and L&T to Neutral

US Stock Market: Tesla Stock is downgraded by Union Bank of Switzerland (UBS). UBS downgrade Tesla stock rating to “Sell” from “Neutral”, citing concerns that the recent rally driven by AI enthusiasm might be overblown. UBS has also downgraded  ABB India and Larsen & Toubro. UBS, like other investment banks, regularly updates stock ratings based Read more: Tesla Stock to Sell downgraded by UBS, also ABB India and L&T to Neutral..