Unlike Tesla cars, luxury goods remain in vogue
Musk’s net worth has taken a severe hit due to the disastrous performance of the Tesla stock, which is down a whopping 57% on the year-to-date basis. At press time, TSLA is down 3.85% as the e-car manufacturer is struggling to deal with slowing demand. Arnault serves as the chief executive officer of Louis Vuitton SE, the largest luxury goods company in the world.
The French tycoon’s fortune received a boost from LVMH’s stronger-than-expected third-quarter earnings that were reported in November. Unlike Tesla cars, luxury goods continue to see strong demand, with Louis Vuitton and Dior seeing organic growth in 2022.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Liz Cheney, Ron DeSantis, Elon Musk among finalists for TIME Person of the YearElon Musk is competing with Wyoming Congresswoman Liz Cheney, Chinese President Xi Jinping and others for a shot at becoming TIME's Person of the Year — again.
Read more »
Elon Musk Announces Plans To Implant Tesla In Human Brain Within 6 MonthsAUSTIN, TX—Telling reporters the procedure could be available to the general public by the end of 2023, Elon Musk announced plans Monday to implant a Tesla inside a human brain in the next six months. “I am proud to share today just how much closer we are to the next step in the evolution of our species: having a…
Read more »
Impossibly Jacked ‘Liver King’ Admits His Secret Is Steroids, Not Raw MeatThe Liver King has conceded to lying about his steroid use in a six-minute YouTube confessional.
Read more »
Elon Musk fires Twitter's general counsel for suppression of Hunter Biden storyElon Musk fired Twitter's general counsel Tuesday following revelations about his alleged role in suppressing the Hunter Biden laptop story on the platform.
Read more »
U.K. lawmakers weigh idea of jailing Elon Musk or Mark Zuckerberg in online safety debateU.K. lawmakers are debating the Online Safety Bill, aimed at preventing access to material that promotes eating disorders and self-harm. Companies including Meta and Alphabet would have duties to remove illegal material online, or risk heavy fines.
Read more »
'Deal of the Year': New Elon Musk Crypto Scam Targeting Twitter UsersElon Musk followers have become targets of new crypto sham that has been spotted by Bleeping Computer
Read more »