Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
U.S. Stocks End Q2 Higher as Strong Jobs Data and AI Rally Lift Wall Street 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
US Egg Producers Settle Price Manipulation Probe, Agree to Pay $3.3 Million and Donate 53 Million Eggs 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
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.
