Elon Musk

Tesla profits drop 55% in Q1

Tesla has reported a 55% decline in profits to USD 1.13 billion for the first quarter (Q1), marked by a lengthy electric vehicle (EV) price-cutting strategy and various obstacles affecting the automaker's financial performance.

Tesla profits tumble but shares rise on new vehicle plan

Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market

New X users might need to pay a fee before posting online

Elon Musk is considering implementing a small fee for new users on the social media network X (formerly known as Twitter), to enable posting and address the bot problem, according to recent announcements. In response to a post discussing changes on X's website, Musk proposed charging a small fee for new accounts as the "only way" to combat the "onslaught of bots."

Analysis / Elon Musk bets big on Tesla, not cars

Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology

Tesla reportedly drops plan to build low-cost EV

Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.

Tesla scraps low-cost car plans amid fierce Chinese EV competition

Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters

xAI’s Grok chatbot is now available as open-source on Github

Grok, the AI chatbot made by Elon Musk’s AI startup xAI, has been released on Github as an open-source project. The open release is now accessible on GitHub, allowing researchers and developers to freely enhance the Grok model.

SpaceX developing secret surveillance network for US intelligence: reports

SpaceX, the space exploration company owned by Elon Musk, is reportedly engaged in the development of a surveillance satellite network through a confidential agreement with a U.S. intelligence agency, according to five sources familiar with the matter.

Bezos dethrones Musk to reclaim title of world's richest man

Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index

April 25, 2024
April 25, 2024

Tesla profits drop 55% in Q1

Tesla has reported a 55% decline in profits to USD 1.13 billion for the first quarter (Q1), marked by a lengthy electric vehicle (EV) price-cutting strategy and various obstacles affecting the automaker's financial performance.

April 24, 2024
April 24, 2024

Tesla profits tumble but shares rise on new vehicle plan

Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market

April 16, 2024
April 16, 2024

New X users might need to pay a fee before posting online

Elon Musk is considering implementing a small fee for new users on the social media network X (formerly known as Twitter), to enable posting and address the bot problem, according to recent announcements. In response to a post discussing changes on X's website, Musk proposed charging a small fee for new accounts as the "only way" to combat the "onslaught of bots."

April 7, 2024
April 7, 2024

Elon Musk bets big on Tesla, not cars

Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology

April 6, 2024
April 6, 2024

Tesla reportedly drops plan to build low-cost EV

Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.

April 6, 2024
April 6, 2024

Tesla scraps low-cost car plans amid fierce Chinese EV competition

Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters

March 19, 2024
March 19, 2024

xAI’s Grok chatbot is now available as open-source on Github

Grok, the AI chatbot made by Elon Musk’s AI startup xAI, has been released on Github as an open-source project. The open release is now accessible on GitHub, allowing researchers and developers to freely enhance the Grok model.

March 17, 2024
March 17, 2024

SpaceX developing secret surveillance network for US intelligence: reports

SpaceX, the space exploration company owned by Elon Musk, is reportedly engaged in the development of a surveillance satellite network through a confidential agreement with a U.S. intelligence agency, according to five sources familiar with the matter.

March 5, 2024
March 5, 2024

Bezos dethrones Musk to reclaim title of world's richest man

Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index

February 26, 2024
February 26, 2024

X to make audio and video calling available for all users

X, formerly known as Twitter, is making audio and video calls available for all of its users. Previously, this service was only limited to Premium users.

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