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Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Elon Musk’s business empire is becoming increasingly intertwined — and if SpaceX eventually goes public, Wall Street will likely take a much harder look at how money moves across his companies.
A newly disclosed filing shows Tesla booked more than $570 million last year from transactions with Musk-controlled companies, according to Insider. That included roughly $430 million from selling Megapack battery systems to xAI and another $143 million — primarily vehicle sales — to SpaceX. Some of those purchases included...
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Jul 12, 2026 / Dave DeCamp
Iranian Authority Says Strait of Hormuz Remains Closed as US Continues Strikes
Iran has reaffirmed that the Strait of Hormuz remains closed to all traffic despite US claims to the contrary and US airstrikes against the country, which continued on Sunday. “Due to recent unlawful movements by United States military forces in the region, transit through the Strait of Hormuz is currently not possible,” said Iran’s recently […]
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Sep 14, 2026 / Kyle Anzalone
Iran Says Talks with Gulf States Postponed Over ‘Events in Yemen’
A planned meeting between Iran and Gulf states over the Strait of Hormuz was postponed as the war in Yemen rapidly escalates. Iranian Foreign Ministry spokesman Esmaeil Baghaei said Monday that Iran and Oman jointly decided to delay the talks because of “events unfolding in Yemen.” The war in Yemen reignited in July following Saudi […]
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Oct 12, 2026 / Tyler Durden
Saudi Energy Conference Loses Shell, Exxon, BP Execs - Who Bail After Houthi Strikes
Saudi Energy Conference Loses Shell, Exxon, BP Execs - Who Bail After Houthi Strikes
Via The Cradle
Several top energy executives were dropped from the schedule of Saudi Arabia's ongoing WPC Energy Congress in Riyadh on Monday, as the kingdom insists on holding the conference despite the threat to the capital posed by the Ansarallah-led Yemeni Armed Forces (Houthis).
The event began on October 11 and is meant to run until 15 October. The head executives of ExxonMobil, TotalEnergies, Shell, Chevron, and BP were expected at the event.
Source: Asharq Al-AwsatOn Monday, they were no...
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