U.S. stocks fell after the Standard & Poor’s 500 Index rallied to a record yesterday on the Federal Reserve’s decision to refrain from cutting stimulus as investors weighed the latest batch of economic reports.
Elon Musk, Tesla Motors Inc.’s unconventional chief executive officer, has turned to Twitter Inc. to further his goal of developing self-driving cars by posting a “help wanted” ad on the social media site.
Tesla Motors Inc.’s promotion of a lease-style finance program for Model S electric sedans spurred the California New Car Dealers Association to seek a state investigation of what it says are deceptive advertising claims.
Asian stocks rose this week, sending the benchmark index to its biggest two-week climb since January 2012, after Tokyo was chosen to host the 2020 Olympics and as data showed China’s economy is picking up. The rally reversed course yesterday ahead of a Federal Reserve meeting next week.
Tesla Motors Inc., the electric- vehicle maker led by billionaire Elon Musk, is pushing beyond the friendly confines of California to take on the world’s biggest luxury-car brands in their home market.
Tesla Motors Inc.’s gamble to buy back Model S electric cars from customers using its lease-style option has potential to generate further revenue when the automaker sells used cars, according to Bloomberg Industries.
Volkswagen AG, Europe’s biggest carmaker, outlined ambitious plans to offer as many as 40 electric or hybrid vehicles, betting buyers will have enough confidence in performance to shift to low-emissions cars.
General Motors Co. and Nissan Motor Co., the biggest sellers of rechargeable cars, posted record U.S. plug-in sales in August as their low-cost leases pushed battery-vehicle deliveries this year past 2012’s tally.
They shape economies, move markets, do deals -- and change the world. They hold sway by virtue of the money they manage, the companies they control, the policies they enact and the ideas they propound. The people on the third annual 50 Most Influential list, to be published in the October issue of Bloomberg Markets magazine, command attention as masters of the global financial system.