America is one of the most car-dependent countries in the world, leaving its residents with a collective $1.7 trillion in auto debt. That means the average household in the fourth quarter of 2024 had almost $13,800 in auto loan debt, which is just shy of the record.Read more... [...]
Over the past two decades, technical debt meant outdated architecture, messy code, and poorly maintained documentation. That definition is no longer sufficient in the AI era, where failure modes are m [...]
Elon Musk’s strategy of folding his companies into one conglomerate is already paying off. Regulatory documents filed ahead of SpaceX’s historic IPO reveal that the company secured a $20 billion [...]
It's been six years since Sony first rolled out its prototype car at CES 2020. It was called the Vision-S back then, and I remember everyone endlessly debating just how serious the consumer ele [...]
Making electric cars from scratch is hard. Out of all the homegrown EV startups, Tesla is the only company that has broken through to the mainstream. Nikola was a scam. Canoo recently filed for bankru [...]
Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bridge [...]
Auto loan delinquencies are rising across the U.S., but some states are seeing a sharper increase than others — signaling deeper financial stress for drivers already burdened by high interest rates [...]