Liam Denning

If paying for carbon emissions is a tough sell, paying for someone else’s is a provocation. But that seems to be happening in a small corner of the US electricity market trying to do the right thing called New Jersey. The artificial intelligence boom and President Donald Trump’s energy peccadilloes look set to make things worse.

The SpaceX initial public offering prospectus is more than 400 pages of rocket fuel-grade ambition. It is also an extended warning for investors in Tesla Inc. who aren’t named Elon Musk.

BYD Co. Ltd., the Chinese electric vehicle giant, is making a habit of stealing Tesla Inc.’s thunder. BYD scored a hat-trick last year. It unveiled a battery that recharges in a “flash” five minutes, offered “God’s Eye” advanced driver assistance systems, or ADAS, free across most models, and then comfortably took the global number one position in battery EV sales.

Ford Motor Co. is now worth $11.4 billion more than it was on May 12. Is it, though? Its stock market value has certainly expanded by that much and was up by almost $22 billion at the recent peak. The reason is fairly straightforward: Morgan Stanley published an analyst note that day alerting investors of the potential for Ford’s new grid-battery business to tap into the artificial intelligence boom. Voila: The 122-year-old car company was now an AI stock.

Ford Motor Co. is now worth $11.4 billion more than it was on May 12. Is it, though? Its stock market value has certainly expanded by that much and was up by almost $22 billion at the recent peak.

The Department of the Interior adopted a style best described as delusional triumphalism when it announced the results of its latest auction of drilling rights in the Arctic National Wildlife Refuge.

The seemingly shallow rebranding of NAFTA as USMCA revealed, in retrospect, a deeper problem — one that now risks the industry at the heart of the trade deal: automobile manufacturing.

The US president's reluctance to renew the United States-Mexico-Canada agreement is yet another blow to the North American auto industry. Trump's protectionism is self-defeating, but then who's going to explain that to America's tariff-happy leader?

For Elon Musk, the public market debut of SpaceX could hardly have gone better. It priced at the dictated $135 per share and has since jumped by almost half, adding more than $870 billion in just three trading sessions to an already huge market capitalization. At $2.64 trillion, Space Exploration Technologies Corp. rivals Amazon Inc., the far more profitable technology giant whose chairman is Musk’s great rival in rockets, Jeff Bezos. Along the way, Musk has become the world’s first trillion

Rolling both Musk-owned companies into one could potentially make Musk the controller of the world's most valuable listed firm, dethroning Nvidia. The merger math is in favour of Musk and his fans seem okay with the power he'll wield.