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Swedish EV battery maker founded by two ex-Tesla executives files for bankruptcy

Northvolt, founded in 2016, had been struggling under a mountain of debt, slow demand, and production delays, leading to the bankruptcy.

Northvolt's logo is seen at the company's office in Stockholm, Sweden, after the company's bankruptcy announcement on March 12, 2025. Sweden's struggling electric car battery maker Northvolt said it had filed for bankruptcy in Sweden after failing to secure financing to enable it to continue operations.(Jonas Ekstromer/TT News Agency/AFP)
Published on Mar 13, 2025 04:11 PM IST

Elon Musk ‘Can’t be counted on to act as a father', says Ashley St Clair's rep

A representative for Ashley St. Clair has claimed that Elon Musk is an absent father who avoids communication.

Ashley St Clair has sued Elon Musk for sole custody of an infant child they reportedly share
Published on Feb 26, 2025 12:37 PM IST
BySamarth Goyal

Nvidia could be world's most valuable company soon, unseating Apple

Nvidia shares reached a record high, nearing Apple's market value. Investors are optimistic about Nvidia's AI processors, driving stock up 2.4% to $138.07.

Nvidia's stock surged 2.4%, closing at $138.07, as it approaches Apple's market value. The company is a leader in AI technology, with a current market cap of $3.39 trillion, just below Apple's $3.52 trillion.(Reuters)
Published on Oct 15, 2024 08:15 AM IST

Jensen Huang's Nvidia loses record $279 billion in market value. Here's why

Nvidia shares fell 9.5%, the largest single-day market value loss for a US company. The decline of $279 billion indicates rising investor caution about AI.

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan.(Bloomberg)
Updated on Sep 04, 2024 08:37 AM IST

Tesla seeks 'smooth permissions' for local data centres in China, says Elon Musk

Tesla accelerates self-driving system development in China with local data centre plans, potentially boosting revenue amid competition from Chinese rivals.

FILE PHOTO: Tesla CEO Elon Musk and his security detail leave the company’s local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan Ernst/File Photo(REUTERS)
Published on May 17, 2024 01:30 PM IST
Reuters | | Posted by Tuhin Das Mahapatra
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