Elon Musk has managed to wipe out $14 billion off Tesla's market value after tweeting that its share price was overly expensive.
“Tesla stock price too high, imo,” he wrote on Twitter, adding that he wanted to sell his possessions, including his house.
Shares of Tesla tumbled nine per cent on Friday and even knocked $3 billion off Musk's own stake in the electric carmaker.
Back in 2018, Musk's tweet about Tesla "going private, funding secured" at $420 a share had cost him his role as chairman.
UAE, Egypt agree on phased expansion to boost air connectivity
The UAE and Egypt have agreed to establish a phased framework for the gradual expansion of air services between the two countries to meet growing demand for passenger traffic, create new opportunities for airlines and further boost economic ties.
Dubai awards Sustainable Tourism stamp to over 200 hotels
As many as 237 hotels have been awarded the Dubai Sustainable Tourism (DST) stamp for their commitment to responsible hospitality practices.
BMW to cut several thousand jobs in latest blow to German auto sector
BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy programme, the latest German carmaker to axe staff in response to squeezed profits and weak demand.
UAE discusses digital safety, AI policies with Snapchat
A UAE delegation has explored ways to strengthen cooperation in digital safety and responsible AI policies with representatives from Snapchat during a meeting in London.
Emirates to allow passengers to book using cryptocurrency
Emirates has officially launched crypto.com pay to allow passengers to book their flights using cryptocurrency.
1:00pm - 4:00pm
Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.
4:00pm - 7:00pm
Join Dane on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
