Posts in Renewable energy
Jeff Bezos pledges $10 billion to launch Earth Fund for combating climate change
  • Amazon founder Jeff Bezos on Monday announced the launch of a new Earth Fund that the e-commerce chief plans to use to combat climate change.

  • He said that he’s pledging $10 billion to start the fund, which will be called the Bezos Earth Fund and issue grants to climate-oriented scientists and activists.

  • “We can save Earth,” Bezos wrote on Instagram. “It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals.”

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Tesla short sellers lose more than $1.5 billion in one day as stock skyrockets on earnings
  • Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1.5 on Thursday after its solid earnings, according to data firm S3 Analytics.

  • Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.

  • Since the stock’s June low, Tesla shorts have covered 19.11 million shares, worth $11.1 billion, and are down $12.43 billion in mark-to-market losses.

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