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
Elon Musk backs actress Gina Carano in suing Disney and Lucasfilm
On Tuesday, Gina Carano, who held a significant role in the highly acclaimed Disney series "The Mandalorian" until 2021, initiated a lawsuit in California alleging wrongful termination.
Neuralink chip implanted in human brain for the first time: Elon Musk
Neuralink has successfully implanted a chip in the brain of their first human patient earlier this week, as per Elon Musk, founder of the brain-chip startup.
Bernard Arnault: Surpassing Elon Musk to become World’s richest man in 2024
Overtaking Elon Musk to become the richest man in the world, Bernard Arnault, the billionaire CEO and chairman of LVMH, a multinational luxury goods firm that owns brands including Louis Vuitton, is taking over front pages. Forbes magazine reported that Arnault and his family's wealth increased by $23.6 billion last Friday, bringing their total net worth to $207.8 billion whereas, Tesla's CEO had a net worth of $204.5 billion at that time.
Musk denies report his AI company secures $500 million toward $1 billion funding goal
Even with Musk's denial of any investment, xAI seeks valuation of $15 billion to $20 billion
X to launch in-app payment methods
X, formerly known by Twitter, will introduce payment methods in 2024. According to a blog post by X, ‘2024 will be transformational’ and X will become ‘everything app’. X will soon launch peer-to-peer payments, unlocking more user utility and new opportunities for commerce.
Elon Musk's X receives money transmitter license in Utah
It grants X the ability similar to PayPal's Venmo, to facilitate money transfers
Green Day slams Trump's ‘MAGA agenda’ during NYE show
In a fiery New Year's Eve performance on Dick Clark’s “New Year’s Rockin’ Eve”, American punk-rock band Green Day stirred the pot by taking a swipe at former President Donald Trump and his 'Make America Great Again' (MAGA) agenda. The lead vocalist, Billie Joe Armstrong, altered the lyrics to the band's 2004 hit “American Idiot”, prompting a wave of reactions on social media. The controversial lyric change, “I'm not a part of the MAGA agenda,” replaced the original line, “I'm not a part of a redneck agenda.”
Elon Musk to open his own university in Texas
Elon Musk, the man behind Tesla and SpaceX, is set to establish a new educational institution in Austin, Texas, focusing on primary and secondary education. The school will focus on science, technology, engineering, and math (STEM) education.
Starlink satellite units to be established on the Gaza Strip with Israeli approval
Starlink, a satellite internet system operated by Elon Musk’s SpaceX, will be allowed to operate over Gaza if the satellites are approved by Israel, according to Israel's Minister of Communications.
Tesla to invest up to $2 billion for Indian factory
The Elon Musk-led electric vehicle maker is willing to invest up to $500 million if the government approves the reduced duty for 12,000 vehicles and up to $2 billion if the concession is for 30,000 vehicles.
