Norway’s $1.7 Trillion Wealth Fund Hit with $40 Billion Loss as Tech Stocks Tumble

Norway’s $1.7 Trillion Wealth Fund Hit with $40 Billion Loss as Tech Stocks Tumble

Norway’s sovereign wealth fund, the world’s largest with $1.7 trillion in assets, reported a staggering $40 billion loss in the first quarter of 2025, driven by a sharp decline in technology stocks. The fund, managed by Norges Bank Investment Management (NBIM), faced its biggest quarterly loss in 18 months, highlighting the volatility of global markets. … Read more

The Tesla Effect: How One Company Changed the Automotive World

Revolutionizing the Future: The Comprehensive Story of Tesla

Introduction to Tesla Tesla, Inc., formerly known as Tesla Motors, is an American multinational corporation that has revolutionized the automotive and clean energy industries. Founded in July 2003 by Martin Eberhard and Marc Tarpenning, the company is named after Nikola Tesla, a renowned inventor and electrical engineer. Headquartered in Austin, Texas, Tesla is known for … Read more