Tesla CEO Elon Musk said he would be uncomfortable leading the automaker in artificial intelligence (AI) and robotics without securing at least 25% voting control of the company.
Transportation
Oil Climbs 1% After Houthi Rebels Attack on British Oil Tanker; Trafigura Assesses Red Sea Risks
Trafigura is evaluating the security risks of future Red Sea voyages following an attack on the company's Marlin Luanda oil tanker by Yemen-based Houthi rebels.
British Oil Tanker Hit by Houthi Missile After Group Fires at US Warship—China Urges Rebels to Stop Red Sea Attacks
A British oil tanker was reported to be engulfed in flames in the Gulf of Aden after Houthi rebels hit it with a missile on Friday after transiting the Red Sea.
Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
Vertical Aerospace Founder Invests $50 Million to Prevent the Flying Taxi Firm From Running Out of Cash
Vertical Aerospace has secured new funding from its founder Stephen Fitzpatrick, who will invest $50 million to ensure that the flying taxi firm will still have cash until later this year.
Latest News
Oil prices jumped 2% on Friday as the United States (US) and Britain launched air and sea strikes in Yemen against the Houthi militants.
Boeing is now facing renewed regulatory scrutiny following a mid-air blowout involving one of its Boeing 737 Max 9 jets.
Mexico launched its army-run airline on Tuesday when the new Mexicana de Aviacion airline's first flight took off from Mexico City.
Shipping giant Maersk has announced its readiness to resume sailing through the Red Sea following the launch of a US-led multinational naval operation.
Following a series of attacks on ships in the Red Sea by Iranian-backed Houthi militants, shipping giants Maersk and Hapag-Lloyd have rerouted their vessels, opting for the longer Cape of Good Hope route in South Africa.
The US Department of Transportation (DOT) has imposed a $140 million civil penalty against Southwest Airlines for numerous violations of consumer protection laws during the December 2022 holiday meltdown.
The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.
Shipping giants Maersk and Hapag-Lloyd have temporarily suspended their container ship travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East, citing security risks.
SpaceX will reportedly sell insider shares at $97 each in a tender offer, a price increase that brings the valuation of the Elon Musk-owned space and satellite company closer to $180 billion.
