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The Mormon Church's $100 billion fund added to its Tesla stake and took profits in Nvidia last quarter

16 days ago   |   By

Getty Images
The Mormon Church's $100 billion fund added Tesla stock and trimmed Nvidia last quarter. Ensign Peak Advisors is the equity arm of the Mormon Church and holds $48 billion in stock. These are the top changes the investment fund made in the third quarter, according to its 13F. The Mormon Church's $100 billion investment fund trimmed its stake in high-flying Nvidia while it bought more Tesla stock last quarter, according to its latest quarterly 13F filing. Ensign Peak Advisors is the equity arm of the Mormon Church's investment fund and owned about $48 billion worth of stocks as...
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Tesla is reportedly shipping some new Model 3 and Model Y vehicles without USB ports

16 days ago   |   By

Tesla CEO Elon Musk walks in front of a Model Y image in Shanghai.
Aly Song/Reuters
Some new Tesla vehicles are missing USB ports, according to social-media posts.
Reddit users said Tesla support told them it's because of a shortage of USB chips.
One user said customer support told them Tesla would fit the USB ports for free after delivery.
Tesla has delivered some new Model 3 and Model Y vehicles without USB ports, with the car maker citing chip shortages as the reason, customers claimed on social media over the weekend. Three posts on Reddit and three on the Tesla Motors Club forum...
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Tesla owners say they've spotted SpaceX's Starlink internet dishes at Supercharger stations - a month after Elon Musk promised WiFi at the charging sites

16 days ago   |   By

A Tesla Supercharger station in Burbank, CA.
Kent Nishimura / Los Angeles Times via Getty Images
Tesla owners claimed to have spotted SpaceX's Starlink internet dishes at Tesla Supercharger stations.
They posted photos of dishes at Supercharger stations in Florida, New York, and Connecticut.
It comes one month after Elon Musk said Tesla's Supercharger stations would get WiFi.
Some Tesla owners have spotted what appear to be SpaceX's Starlink internet dishes at Tesla Supercharger stations across the US. It comes one month after Elon Musk, the CEO of both Tesla and SpaceX, said that...
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'The Big Short' investor Michael Burry says Elon Musk is selling Tesla stock to profit from its surge - and warns this is the biggest bubble of his career

16 days ago   |   By

Michael Burry.
Astrid Stawiarz/Getty Images
Michael Burry said Elon Musk is selling Tesla stock to profit from its surge, not to raise cash.
"The Big Short" investor noted that Musk has raked in cash and cut his tax bill in recent months.
Burry disclosed that he's never shorted crypto, and warned this is the biggest bubble of his career.
Elon Musk isn't selling Tesla stock because he's short of cash; he just wants to capitalize on the automaker's eye-watering valuation, Michael Burry tweeted on Sunday. "Let's face it. elonmusk borrowed against 88.3 million shares, sold all his mansions...
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