ALLISON ROBBERT / Contributor / Getty Images Elon Musk became the first person with a net worth over $500 billion Key Takeaways Tesla CEO Elon Musk, the richest person in the world, saw his net worth surpass $500 billion in October 2025. He is the first person to hit that milestone. Musk is Tesla's largest shareholder, with 19.7% of the company's equity as of August, 2025. Rising Tesla share prices fueled Musk's record net worth. A new proposed pay package, that could grant Musk additional Tesla shar ...

Accessibility StatementSkip Navigation 48,500 square-foot, LEED-certified facility now powered by advanced solar photovoltaic (PV) system SAN JOSE, Calif., Sept. 30, 2025 /PRNewswire/ --Â Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, together with its Preferred Partner, Chicago-based Hardt Electric, have announced a successful new solar energy installation to help power the American College of Chest Physicians (CHEST) headquarters in Glenview, Illinois. CH ...

Well, time is running out to take advantage of two tax breaks that President Trump's one big beautiful bill did away with. Joining me now is senior autos reporter Pros Romanian and senior reporter Emma Aerman. So, Proz, let's start with you here.The electric vehicle tax credit coming to an end on September 30th. What is this tax credit and how can American consumers take advantage of this before that deadline. you know, so Biden's uh uh the uh the act that insued this tax credit 7,500 bucks per EV uh was ve ...

Renewable Energy & Adoption - The industry highlights the potential of solar energy as a nearly unlimited energy source [1] - The industry expresses concern over the slow adoption of solar panels on every roof and battery systems at every home [1]

Renewable Energy Potential - The document suggests a significant potential for nearly unlimited energy from a good source [1] - The industry expresses surprise at the slow adoption of solar panels on every roof and battery systems at every home [1]

Core Insights - Rocket Lab USA, Inc. (RKLB) has established itself as a significant player in the launch and space systems market, providing a variety of space systems including satellites and spacecraft platforms, and has a strong position in the small satellite launch market with its Electron rocket, which is the second most frequently launched U.S. rocket [1] Group 1: Company Developments - Rocket Lab has secured a major contract with Japan-based Earth imaging company iQPS for eight dedicated Electron launches, marking one of its largest agreements to date, with six missions planned for 2025 and two for 2026 [2][8] - The upcoming mission on June 10, 2025, will be Rocket Lab's third Electron launch within a span of 24 days, showcasing its increasing launch capacity and reliability in the commercial space sector [2][8] - The company is also developing the Neutron rocket, aimed at larger payloads and constellation deployments, which is expected to enhance its market position and revenue potential [3][8] Group 2: Industry Context - The space launch services market is experiencing growth driven by rapid technological advancements, increasing demand for satellite deployment, and rising investments in space infrastructure [4] - Established players like Boeing and Lockheed Martin are well-positioned to benefit from the growth of the space launch market, with their joint venture, United Launch Alliance (ULA), having successfully launched over 150 rockets since 2006 [5] - ULA's new Vulcan rocket is designed to provide more affordable and accessible space launches for various missions [6] Group 3: Financial Performance - Rocket Lab's shares have seen a significant increase of 495.8% over the past year, compared to the industry's growth of 20.8% [7] - The company's forward 12-month Price/Sales ratio stands at 17.19X, which is considerably higher than the industry's average of 9.45X, indicating that the shares are relatively expensive [9] - The Zacks Consensus Estimate for Rocket Lab's losses in 2025 and 2026 has improved over the past 60 days, suggesting a positive outlook [10]

Core Viewpoint - Tesla's stock has experienced significant volatility, peaking at $488 in December 2024 and closing at $238 recently, raising questions about its investment potential [1][2]. Group 1: Recent Stock Performance - Tesla's stock has declined sharply, with a notable drop attributed to Elon Musk's political involvement and its impact on consumer sentiment [3]. - The company reported disappointing financial results, with revenue growth of only 1% and a 53% year-over-year decline in net income for 2024 [4]. - Tesla delivered 1% fewer cars in 2024 despite substantial price cuts, indicating increased competition in the electric vehicle (EV) market [4]. Group 2: Long-term Prospects - Despite short-term challenges, Tesla's long-term outlook remains positive due to the ongoing transition to electric vehicles, which is still in its early stages [6]. - The company is focused on reducing production costs, achieving a new low in average cost of goods sold per car in Q4 2024, which may enhance its market position [7]. - Tesla is also exploring multiple growth avenues beyond electric cars, including autonomous driving and renewable energy solutions, which could tap into markets worth hundreds of billions to trillions of dollars [9]. Group 3: Valuation Concerns - Tesla's stock is considered expensive, trading at price-to-sales (P/S) and price-to-earnings (P/E) ratios of 8.6 and 118, respectively, which are higher than those of established tech companies like Alphabet [11]. - The high valuation reflects investor optimism about Tesla's future prospects, despite the current reliance on car sales for revenue [11]. - The combination of long-term potential and near-term challenges makes Tesla a polarizing investment, with risks associated with its current premium valuation [12][13].