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Why Elon Musk doesn’t enjoy being CEO of Tesla

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Elon Musk during SNL appearance

It’s not the sort of thing you’d expect to hear from someone as accomplished as Elon Musk, but the tech billionaire has revealed he doesn’t actually enjoy being the boss of Tesla

Tesla’s billionaire founder was speaking at the start of a trial where he is accused of pressuring the firm’s board members into a multi billion dollar deal to buy a solar panel firm.

Shareholders claim the carmaker’s money was wasted on buying SolarCity.

During the court hearings, Musk said he’d much rather be in a design capacity at Tesla compared to running the company.

He’s also denied exerting pressure on board members, saying that the deal was part of a “master plan” to create affordable vehicles with green power supplies.

Shareholders want Musk to repay Tesla the $2.6bn in full.

If they are successful, it would be one of the largest ever judgements against an individual.

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China has pledged to “significantly increase” debt to jumpstart its economy

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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