Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading
German carmaker Mercedes Benz is taking tips from Silicon Valley for a management overhaul to help it see off younger rivals. Lucy Fielder reports.
The U.S. National Highway Traffic Safety Administration has opened a preliminary investigation into Tesla Motors after a driver of a Model S was killed while using the vehicle’s autopilot mode, Reuters reported.
Tesla Chief Executive Elon Musk unveils a prototype of the Model 3 car to group of Tesla owners in California.
Despite a jump in Tesla’s stock price a day after disappointing earnings, Elon Musk stands to lose billions of dollars with the tanking market value of his electric car company, as his other ventures, SolarCity Corp and Space Exploration Technologies, also face steep challenges in cutting-edge industries.