Construction and mining equipment giant Caterpillar Inc. announced Tuesday it will move its global headquarters from its current location in Deerfield, Illinois, to the company’s existing office in Irving, Texas.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” said Chairman and CEO Jim Umpleby in a press release.
New research reveals that Microsoft founder Bill Gates, formerly the world’s wealthiest man, has been donating hundreds of millions of dollars to dark money groups that have been publicly attacking Tesla and SpaceX CEO Elon Musk, the current wealthiest man in the world.
As reported by Breitbart, Gates’ foundation donated to 11 of the 26 organizations that signed onto an open letter last month demanding a boycott of Twitter by its advertisers over Musk’s recent purchase of the company. The report comes from the Foundation for Freedom Online (FFO), which traced the money from the signatories of the letter back to the Bill and Melinda Gates Foundation.
Tesla CEO Elon Musk, who has questioned Twitter’s commitment to free speech, has taken a 9% stake in the social media platform, making him its largest shareholder.
Musk bought 73.5 million shares worth $2.9 billion, based on the closing price Friday, the Associated Press reported Monday.
However, what Musk intends to do as a result of the purchase remains unclear.
House Speaker Nancy Pelosi’s husband purchased 2,500 shares of Tesla stock amid Democrats’ push for increased green energy spending.
Paul Pelosi, the Democratic House leader’s millionaire husband, purchased the tranche of Tesla stock on Thursday, when the company’s share price reached about $872 per share by the end of day, according to congressional filings published Monday. Pelosi bought the shares, worth roughly $2.18 million at the time, at a strike price of $500 per share.
Tesla recalled nearly 600,000 vehicles on Thursday, the electric car maker’s fifth major recall in the past several months.
The recall, which affects all 2020-2022 Tesla Model S, X and Y cars and as well as certain 2017–2022 Tesla Model 3s, a total of 578,607 vehicles, is due to safety issues raised by the vehicles’ “Boombox” feature that plays music outside the vehicle, according to Bloomberg. The Boombox feature impairs the vehicles’ “pedestrian warning system,” an auditory feature that alerts pedestrians to the vehicles’ presence.