Forbes Topline

Tesla CEO Elon Musk announced the electric car maker will wind down production of the Cybertruck at its Texas Gigafactory next year to allow for expanded production of the Cybercab robotaxi, signaling a major shift after the company’s electric pickup struggled with poor sales and quality issues. Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/11/06/musk-says-tesla-will-wind-down-cybertruck-production-next-year/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire soccer legend Cristiano Ronaldo announced Thursday he will retire from Portugal’s national team, ending a record-breaking career that spanned two decades and made him one of the world’s wealthiest athletes, just a month after longtime rival Lionel Messi played his final game for Argentina. Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/11/05/billionaire-soccer-legend-cristiano-ronaldo-announces-retirement-from-portugal-national-team/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Following Tuesday’s midterm elections, which resulted in major victories for Democrats, prominent tech investors and some of the nation’s wealthiest individuals offered vastly different responses. Reid Hoffman, a billionaire and key Democratic donor, called out Elon Musk over his heavy financial backing of Texas Republicans, while the world’s richest man made light of the outcome with comments about election interference and “space lasers”. In a post on X early on Wednesday, Musk—who was the largest individual donor in the 2026 elections—joked, “Guess my election-interfering space lasers didn’t work this time,” as Democrats won both the U.S. Senate and governor’s races in his home state of Texas. Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/11/04/billionaires-react-to-democratic-midterm-sweep-musk-jokes-about-space-lasers-as-hoffman-calls-him-out/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Mukesh Ambani, the head of India’s most valuable company, overtook Bytedance’s Zhang Yinmin to become Asia’s richest person on Monday after a nearly 12% surge in Reliance Industries stock added $8.5 billion to his net worth. Learn more about your ad choices. Visit megaphone.fm/adchoices

DoorDash is acquiring its competitor Instacart for $17 billion, the company announced Thursday. A majority of the deal will be paid in cash and shareholders will have the option to receive cash, DoorDash stock or a combination of both. Read the full story on Forbes: https://www.forbes.com/sites/zacharyfolk/2026/10/29/doordash-will-acquire-instacart-in-17-billion-deal/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Elon Musk’s xAI, which is under fire from the NAACP for impacts to locals in Mississippi caused by gas turbines powering data centers, is reportedly offering to buy hundreds of nearby homes if their owners promise not to join a class-action nuisance lawsuit over noise pollution they say is “torturous.” Read the full story on Forbes: https://www.forbes.com/sites/maryroeloffs/2026/10/28/xai-offers-home-buyouts-in-mississippi-to-quash-data-center-lawsuit/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Anthropic’s 335-page initial public offering document filed Monday was packed with revelations about the firm’s internal workings and new insights into its customer base—including warnings about AI safety and misuse, revenue and safety-related expenses for its top executives as Claude’s maker prepares to go public. Read the full story on Forbes: https://www.forbes.com/sites/fionariley/2026/10/26/top-surprises-revealed-in-anthropics-ipo-filing-ceos-personal-security-costs-firms-spending-10-million-on-claude-and-more/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Tyler Shultz, a former Theranos employee who blew the whistle on the ill-fated biotech company, alleged its founder and convicted fraudster Elizabeth Holmes “misled” Nathan Fielder about the technology her company developed in a key scene in his new documentary, “You Can See Everything.” Read the full story on Forbes: https://www.forbes.com/sites/conormurray/2026/10/19/theranos-whistleblower-alleges-elizabeth-holmes-misled-nathan-fielder-in-documentary-scene/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Elon Musk on Monday announced he plans to give every child in America one share in his aerospace and AI company SpaceX next year, shortly after he criticized rival Anthropic’s plan to pledge 5% of its shares to a public benefit fund and urged the company to distribute its shares directly to the public. Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/10/19/elon-musk-says-hell-give-every-child-in-america-one-spacex-share-next-year/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The decision to restrict Ukraine’s use of Starshield, the military-grade version of SpaceX’s Starlink internet service, came from inside the White House, Reuters reported Thursday, a day after SpaceX CEO Elon Musk said any restrictions on the system are “ultimately” determined by President Donald Trump, who separately called out Kyiv’s resumptions of strikes on Russian energy facilities. Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/10/16/order-to-limit-ukraines-starshield-use-reportedly-came-from-white-house-as-trump-blasts-zelenskyy/ Learn more about your ad choices. Visit megaphone.fm/adchoices