Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
Houthi Naval Blockade on Saudi Arabia Escalates Iran Conflict, Threatens Global Oil Supply 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
Why Maruti Suzuki Is Losing Market Share in India as SUVs and Premium Features Gain Popularity 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Hong Kong AI Stocks Rally as Moonshot AI’s Kimi K3 Launch Boosts Market Optimism 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration 
Germany Producer Prices Rise 1.8% in June, Missing Forecasts 
Tesla Inc. announced on Wednesday, Sept. 28, that Joseph Gebbia had joined the company’s board. The newcomer is the co-founder of Airbnb vacation rental firm based in San Francisco, California.
As per Reuters, Gebbia’s arrival at Tesla comes several months after he decided to step back from his full-time job post at the company he co-founded. His addition to the electric vehicle maker’s board is said to have raised its strength as the most valuable EV maker in the world.
The 41-year-old Gebbia vacated his operating role at Airbnb in July, but he is still a board member and has remained the chairman of Airbnb.org, a non-profit organization that partners with other non-profits to provide emergency housing to people in times of crisis and calamities. Likewise, the group is focused on making it easy for displaced people to find temporary housing.
“Tesla welcomes Joe Gebbia as a new independent director to its Board,” the automaker said in a blog post. “We are pleased to welcome Joe Gebbia to Tesla’s Board of Directors, effective Sept. 25, 2022.”
Tesla said that the Airbnb co-founder left his full-time position and moved to an advisor role while also serving both the company’s Board of Directors and the firm’s non-profit organization.
It was mentioned that the new Tesla board member has also started working on his next startup project and purchased a stake in the San Antonio Spurs National Basketball Association (NBA) team.
Gebbia is also looking to give back by sticking to his commitment with The Giving Pledge, which is a promise by the world's richest individuals and families to dedicate the majority of their wealth to charitable causes. Gebbia is also active in other charitable groups such as the United Nations High Commissioner for Refugees (UNHCR), the Olympic Refuge Foundation, the Eames Institute of Infinite Curiosity, and the Malala Fund.
Meanwhile, CNBC reported that the addition of Gebbia to Tesla’s board may have some advantages. For instance, this may help the company avoid further conflict with the Securities and Exchange Commission (SEC), which has launched multiple investigations to see that Elon Musk and Tesla remain in compliance with their agreement.
