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Linette Lopez

Linette Lopez

Columnist at Business Insider

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United States
Covering topics
  • Society
  • Editorial Page
  • Finance & Banking Services
  • Politics
Languages
  • English
Influence score
73
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Linette Lopez
businessinsider.com

Seems Like Elon Musk Wanted to Take Over OpenAI to Help Save Tesla - Business Insider

We know that Elon Musk was very desperate back in 2018.We know that Tesla was near death as it struggled to build the Model 3, the car that was supposed to be the company’s saving grace. We know that the development process was running late and over budget, so Musk needed capital.What we did not know was that during this tumultuous period, Musk was also working on a deal to take over OpenAI, the artificial-intelligence startup that created ChatGPT and is now worth $86 billion. We did not know he…
businessinsider.com

China, Xi Jinping Plan to Crush Elon Musk, Tesla, and the US EV Ind...

When Tesla CEO Elon Musk was asked in 2011 about the Chinese electric-car maker BYD — a Warren Buffett-backed company focused on cheaper eclectic vehicles with a name short for Build Your Dreams — he simply laughed it off. “Have you seen their car?” he said with a giggle to Bloomberg TV, adding that BYD didn’t “have a great product” and “the technology is not very strong.“Musk’s juvenile expression of hubris was (and still is) singular, but his belief that China’s automakers were not a threat wa…
businessinsider.com

Boeing Disaster Proves Americans Businesses Greedy Mentality Is Bro...

If only Boeing’s problems were just about a nightmare flight — a screw loose, a blown-out door plug, and 177 people who will probably need therapy for the rest of their lives. But as the iconic American plane manufacturer tries to make amends for the disastrous Alaska Airlines flight in January, it’s become clear that Boeing’s problems run far deeper. They expose decades of American corporate philosophy gone awry. Boeing is a quintessential example of America’s rotting business culture over the…
businessinsider.com

China's Economy Is Shrinking. That Should Worry the US and the Worl...

2024 is the year of the incredible shrinking China.The country’s growth has been treated like an inevitability for decades. Everything was getting bigger — its cultural influence, geopolitical ambition, population — and seemed poised to continue until the world was remade in China’s image. The foundation for this inexorable rise was its booming economy, which allowed Beijing to throw its might around in other areas. But now China’s economy is withering, and the future Beijing imagined is being c…
businessinsider.com

Wall Street's Private Equity Kings Are Struggling With High Debt Co...

When Wall Street money managers fall from grace, there’s usually some kind of discernible ruckus: the wail of angry investors, the steady drone of thousands of lawyers filing cases, and the rush of doomer headlines in the financial press. But even as some of Wall Street’s elite are getting decimated, you can barely hear a sound.In the post-financial-crisis world of zero interest rates, private equity — a clubby world of investment firms that use leverage (as well as some equity) to purchase port…
businessinsider.com

Elon Musk's Problems at Twitter, Tesla Prove His Luck Has Run Out -...

Elon Musk was on a heater.From 2019 to 2022, it seemed as if every gamble that Musk took was paying off. Tesla was consistently profitable for the first time in its history and its stock soared as its massive new Shanghai plant ramped up production. SpaceX rockets captivated the public’s attention — even when they blew up, everyone still clapped. Accusations of corruption and self-dealing slid right off Musk’s back. Musk could do and say anything he wanted and success followed: He was even named…
businessinsider.com

Elon Musk, Tesla Price Cuts Are a Losing Business Strategy - Busine...

Elon Musk has started an electric-vehicle price war that Tesla can’t finish.Under increasing pressure from new competition, Tesla spent the past year slashing the average price of its models by roughly 25%. The Model 3 fell from $48,000 to $44,380. The luxury Model S, meanwhile, plunged from a high of $130,000 to $96,380. The cars, as they say, have been priced to move.It’s an unusual business strategy, to put it mildly. “I can’t think of another point in the history of automotive when a brand t…

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businessinsider.com

China's Economy Is Going Bust. That Should Terrify US Businesses. -...

We’ve reached the end of an era for the Chinese economy.For the past three decades, China has been on the upswing of a supercycle that saw an almost uninterrupted expansion of the country’s capacity to manufacture, appetite to consume, and ability to project power across the world economy. The Chinese Communist Party relentlessly pursued economic development over all else, even when that single-mindedness pushed the party to make debilitating policy mistakes — creating a massive bubble in the pr…
businessinsider.com

China, Xi Jinping Are Hiding Economic Chaos. That's a Red Flag for ...

China’s economy is turning into a big black blob.This transformation means that while the country’s economy will still be significant to global business, it will no longer be the lodestar for growth. It will still advance, but much more slowly. And while those on the outside will still be able to observe the economy, it will become increasingly difficult to truly understand what’s going on within.The reality of China’s blob era pushed its way to the center of the global news cycle earlier this m…
businessinsider.com

Silicon Valley Bank Collapse Highlights Tech Industry's Deep ... - ...

In the days since the stunning collapse of Silicon Valley Bank, I’ve seen the tech world point a lot of fingers. I’ve seen venture-capital titans and tech gurus blame the regulators, the banking system, the Federal Reserve, Joe Biden, the bank’s communications team, and anyone else within shouting distance of this mess.But I have yet to see any of these grown-ups take some of the blame for themselves. Silicon Valley Bank imploded in part because it was a repository for the riskiest behaviors of…
businessinsider.com

Fraud economy: How current economic trends lead to more corporate s...

FTX was just the start: current economic trends and the stock market downturn will bolster the fraud economy, leading to more corporate racketeering.