Tuesday , 16 December 2025

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Saudi fund PIF in talks to invest in Tesla buyout deal

Bloomberg Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans. The Public Investment Fund (PIF), which has built up a stake just shy of 5 percent in …

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The battery boom could end up burning some investors

Bloomberg Some of the latest battery technologies may become obsolete before reaching the market because of the breakneck pace of advances in the industry. Teams of scientists from San Francisco to Shenzhen are experimenting with new chemical processes to improve the traditional lithium-ion cell and find new ways to bottle up electricity for use at another time. Investors in those …

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California wildfire smoke dims solar power output

Bloomberg The smoke billowing from California’s wildfires is dimming output from solar farms. First Solar Inc., which operates more than two gigawatts of solar farms in the state — that’s equivalent to about two nuclear reactors — has seen production dip at installations near fires, according to spokesman Steve Krum. The slumps in generation have been “very minimal,” he said, …

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