Dennis Mutua

Musk Sells $5 Billion Worth Tesla Stock to Pay Taxes

This week, billionaire Elon Muskn sold Tesla Inc. (TSLA) stock worth $5 billion to pay taxes as he had promised in a twitter poll last week in which he asked his followers whether he should sell 10% of his Tesla shares to pay taxes since he doesn’t receive cash salary or cash bonuses. The founder […]

Nasdaq Granted Nordic Power Spot Market License

United States based financial service cooperation operating three stock exchanges NASDAQ announced having being granted the right to operate in the Nordic day-ahead power market. This approval license was granted after the Swedish market regulator. The Nordic Power Spot Market is made up of 15 individual bidding or price and zones which on a daily […]

China Asks U.S Officials to Stop All Official Interaction With Taiwan

China’s foreign ministry has asked the United States government to stop all forms of formal interactions with Taiwan. The Chinese authorities made this announcement on November 10 alleging that a U.S. congressional delegation visit to Taiwan violates the One China policy. “It is a dangerous game to collude with pro-independence forces in Taiwan,” said China’s […]

Autonomous Driving Truck Company Plus Abandons Merger Deal With a SPAC

Self-driving truck startup using technology on heavy trucks to change commercial transportation and logistics Plus announced having abandoned a merger deal with a blank check company Hennessy Capital Investment Corp V (HCIC). The companies made this announcement in a joint statement citing issues with regulatory environment outside the United States as the main reason to […]

Nvidia Launches New Car Products Including a Virtue Driving Assistance

United States based designer and manufacturer of graphics processing units and chip units for mobile computing and the automotive industry Nvidia Corp. (NVDA) has launched new technology products including a virtue driving assistant which can park a standard car and ramp up training of autonomous cars. The company says the latest products come as its […]

Playtech Receives Takeover Bid From Gopher Investment

Gambling software development company Playtech Plc. (LON: PTEC) says that it has received a takeover bid from Hong Kong based private equity investment firm Gopher Investment which is also the company’s second largest shareholder. Playtech made this announcement on November 8 several weeks after it had entered into agreement with Australia based gambling machine manufacturer […]

Tesla Opens a Battery Making Equipment Factory in Canada

United States leading electric vehicle manufacturer Tesla Inc. (TSLA) announced having opened a plant in Canada which will be making battery manufacturing equipment, the factory is situated in the Canadian city of Markham, Ontario. This was announced by the city’s mayor Frank Scarpitti during the past weekend, he made the announcement via twitter. This comes […]

Musk Consults With Twitter Followers Whether to Sell 10% of Tesla Stock

Elon Musk the founder and chief executive officer of leading electric vehicle manufacturer Tesla Inc. (TSLA) took it to twitter asking his followers on the social media platform whether he should sell 10 percent of the shares he holds in the company. Not long ago, Musk had hinted that he would face a hefty tax […]

Apple Poachers Former Tesla Engineer in Efforts to Improve its Autonomous Driving Unit

United States tech giant Apple Inc. (AAPL) announced having hired, Christopher Moore, a former engineer at leading electric vehicle manufacturer Tesla Inc. (TSLA) in efforts to advance its autonomous driving unit. This development was revealed by insider sources that declined being identified because the company is yet to make the announcement public. This news was […]

Nintendo Cuts Down Switch Sales Estimates by 6% Due to Chip Shortage

Japan based video game developer and consumer electronics manufacturer Nintendo Co Ltd. (TYO: 7974) has reduced its full year estimates sales for Switch consoles by 6% as the company doesn’t see it achieving its previous set estimate before the year wraps up. The company says that it won’t be able to meet the demand increase […]