On Friday, Tesla CEO Elon Musk said that the electric vehicle manufacturer’s highly-anticipated cybertruck will first arrive with a four-motor variant. Turning to Twitter, the CEO wrote, “Initial production will be 4 motor variant, with independent, ultra-fast response torque control of each wheel.” Musk has labelled the cybertruck, constructed from stainless steel, as an “insane […]
Champagne Henriot has named the release Les Mémoires, which comprises three bottlings dating as far back as the 1950s. The Champagnes hail from vintages 1959, 1971, and 1981 and have been meticulously aged in Henriot’s cool cellars in Reims, northeastern France. In the spring of this year, the rare bottlings were disgorged by hand, then […]
On Thursday, Aston Martin announced that Chief Financial Officer Kenneth Gregor is set to step down from his role at the company due to personal reasons. Gregor has served as CFO to the luxury carmaker for the past 18 months. In a statement, Gregor said: “I am proud of what I have achieved in my […]
Speaking to Reuters, Prada marketing chief and heir Lorenzo Bertelli said that the fashion house sees opportunity in the booming second-hand fashion market, which it believes it can develop both through partnerships and in-house. Over recent years, the market for pre-owned luxury goods has surged, largely driven by younger, more environmentally-conscious consumers. According to a […]
According to a new report by thredUP, the world's largest fashion resale platform, the second-hand market for luxury goods will double in the next five years, reaching $77 billion by 2025. thredUP’s report shows that millions of shoppers are buying from second-hand stores and marketplaces instead of traditional retailers as more and more people become […]
It has been confirmed that Jack Dorsey will step down as Twitter’s chief executive officer with immediate effect. The company’s chief technology officer, Parag Agrawal, is set to take over the role. Dorsey had been serving as chief executive to both Twitter and digital payments company Square, which Dorsey founded in 2009 alongside Jim McKelvey. […]
Jack Dorsey currently serves as chief executive of both Twitter and digital payments company Square. Twitter stakeholder Elliott Management had sought to take on Dorsey's role in 2020 prior to the investment firm reaching a deal with Twitter's management. At the time, billionaire investor and Elliott Management founder Paul Singer had questioned whether or not […]
According to an email obtained by CNBC, on Friday, Tesla CEO Elon Musk urged staff to reduce the cost of customer deliveries, rather than rushing orders out to hit the company’s end of quarter sales goals. The email comes amid ongoing rising shipping costs. 2021 has seen Tesla struggle to deliver new vehicles to customers […]
Liftoff is scheduled for 9:30 am CT on December 9 from Blue Origin’s launch facilities in Texas. Strahan and Laura Shepard Churchley, daughter of first American astronaut Alan Shepard, will be joined by investors Evan Dick, Dylan Taylor, Lane Bess, and Bess’ son Cameron Bess. Blue Origin has called Strahan and Shepard Churchley its “honorary […]
The Tesla CEO made the sales after exercising options to buy 2.15 million shares, according to filings with the Securities and Exchange Commission. Since November 8, Musk has sold around 9.2 million shares worth approximately $9.85 billion. The flurry of sales follows Musks’s Twitter poll in which he asked his followers whether or not he […]
Rolls-Royce’s all-electric aircraft, the “Spirit of Innovation”, has recently hit a record-breaking top speed of 387.4 mph on a series of runs at the UK Ministry of Defence’s Boscombe Down testing site in Wiltshire, UK. Rolls-Royce claims that this makes the Spirit of Innovation the fastest EV in the world, with the figures since submitted […]
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