Tesla CEO Elon Musk sued by the SEC

Electric car manufacturer Tesla (NASDAQ: TSLA) has been at the forefront of the transition away from internal combustion engines to electric cars. CEO and largest shareholder Elon Musk initially pursued a strategy of producing luxury vehicles before more recently moving down market and concentrating on producing a cheaper vehicle for the masses. While Tesla’s Model…

NAB forced to play politics

After competitors Commonwealth Bank(ASX: CBA), Westpac(ASX: WBC) and ANZ(ASX: ANZ) raised variable home loan rates to compensate for rising funding costs, it seemed only a matter of time before NAB(ASX: NAB) followed suit. Yet ultimately it didn’t. Our new Prime Minister approved, suggesting NAB “gets it” for not raising variable home loan rates “out of…