MUSK S
SpaceX's Falcon 9 grounded after failure dooms batch of Starlink satellites
The U.S. Federal Aviation Administration (FAA) grounded SpaceX's Falcon 9 rocket on Friday following the craft's breakup in space and the loss of its Starlink satellite payload. This incident marked the first failure in more than seven years for the rocket, which is a mainstay for the global space industry.
Elon Musk donates to group working to elect Trump
Billionaire Elon Musk, known for his increasing criticism of U.S. President Joe Biden, has made a significant donation to America PAC, a political group supporting rival presidential candidate Donald Trump, Bloomberg reported on Friday, citing sources. The report did not specify the exact amount Musk donated but mentioned it was "a sizable amount" given to America PAC. This group is capable of receiving unlimited contributions for political activities.
Elon Musk intensifies efforts to colonize Mars with SpaceX in 20 years
Elon Musk has intensified efforts with SpaceX to establish a city on Mars, directing teams to design habitats and spacesuits, and explore human reproduction on the planet.
Musk's X breached DSA online content rules, EU says
Elon Musk's owned social media platform X (previously known as Twitter) has breached EU online content rules. This move by the European Commission came after a seven-month-long investigation. X was also charged with blocking researchers from accessing its public data.
Tesla to delay robotaxi launch: what you should know
Tesla has postponed the unveiling of its robotaxi design originally scheduled for August. On the social media platform X, Tesla's CEO Elon Musk stated that vehicles equipped with full self-driving "will achieve such a superhuman level that in the future, it will seem odd that humans ever drove cars, even when tired or under the influence."
Tesla shares fall 6.4% on reported delay of robotaxi event
Shares of Tesla tumbled Thursday following a report that Elon Musk's electric auto giant will delay a much-anticipated "robotaxi" event. Before Thursday, Tesla shares had risen 11 straight days in a move partly attributed to the robotaxi event, which Musk has described as a platform for the company's ambitious autonomous driving technology.
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Elon Musk beats $500 million severance lawsuit by fired Twitter workers
Elon Musk won dismissal of a $500M severance lawsuit for mass layoffs at Twitter. Judge Trina Thompson ruled ERISA irrelevant. Twitter’s 2019 plan promised more than the post-buyout one month of pay without benefits. Plaintiffs may amend the complaint. Case McMillian et al v. Musk et al, Northern District of California. Musk leads Tesla, Forbes.
Tesla plans to delay robotaxi event to build more prototypes
Tesla's robotaxi unveiling delayed to October. CEO Musk set August date but postponed for more prototypes. Internal announcement caused 8% stock drop. $257B added to market cap. FSD technology needing supervision spurs optimism despite sales slowdown. The project aligns with Musk's master plan, sidelining affordable cars. Bloomberg News revealed the delay.
TCS Q1 results; Pine Labs, Swiggy valuations slashed
Indian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on today's ETtech Top 5.
X tests dislike button: Here's how users reacted to it
Elon Musk's X is testing a dislike button, drawing mixed reactions. Users fear increased negativity and manipulation, while some plan to target Musk with dislikes. The button design mirrors the like button but with a downward arrow. This development parallels YouTube's hidden dislike counts. The feature's future remains uncertain, pending further testing and user feedback.
Elon Musk's Neuralink says tiny wires of brain chip in first patient now stable
The company is now taking risk mitigation measures such as skull sculpting and reducing carbon dioxide concentration in the blood to normal level in patients, the company's executives said in a live stream on social media platform X.
Chinese EV manufacturer BYD expands with $1 Billion Turkey factory. Will it threaten Elon Musk's Tesla?
Chinese EV manufacturer BYD is building a new factory in Turkey to grow its global footprint amid trade challenges, aiming to strengthen its position in the international electric vehicle market.
Frankenstein in real life? Chinese scientists create robot with human brain cells
A latest robot has been developed by Chinese scientists that has been developed using human brain cells in its system. Deemed a Frankenstein-style robot, the Tianjin University worked has worked on a lab-grown brain that is embedded to a robotic system, making it one of the first robot to walk like a human.
What goes on behind closed doors at America's billionaire summer camp?
This week in Idaho's Sun Valley, the annual Allen & Company summit has gathered top business, media, and political leaders for what's known as the "summer camp for billionaires." Attendees, including tech giants and entertainment moguls, engage in off-the-record talks and outdoor activities. The summit, famed for spawning major deals, hosts discussions on AI, corporate leadership changes, and political futures. Notable absentees like Warren Buffett and Elon Musk underscore shifting dynamics among industry leaders, amidst speculation about upcoming elections.
Tesla's share of US electric car market falls below 50%
Tesla's dominance in the U.S. electric vehicle market slipped below 50% in Q2 as sales surged to a record. Tesla's market share dropped to 49.7% from 59.3% a year earlier, losing ground to GM, Ford, Hyundai, and Kia. Overall U.S. EV sales rose 11.3% year-over-year, with over 330,000 electric vehicles sold in Q2, accounting for 8% of new car sales.
Elon Musk to avoid omelettes for a week for this 'heinous crime'
A recent report from the Coastal Bend Bird Observatory (CBBO) revealed that a SpaceX launch from Starbase, Texas, resulted in the destruction of eggs from nine shorebird nests. The CBBO report details how the sonic boom from the launch damaged at least 22 eggs across these nests.
Musk's xAI, Oracle end talks on $10 billion server deal: report
The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia's AI chips from the cloud provider, the report said, citing several people involved in the talks.
Sri Lanka paves way for Musk's Starlink to enter telecoms market
Sri Lanka's parliament approved amendments to a decades-old law on Tuesday, enabling Elon Musk's Starlink, a satellite unit of SpaceX, to set up operations in the nation.
Tesla investors to urge judge to reject record $7 billion legal fee in Elon Musk pay case
Tesla shareholders and CalPERS contest Richard Tornetta's $7 billion fee request overseen by Chancellor McCormick. Tornetta's win voided Musk's $56 billion pay, but Tesla argues it didn’t benefit. 1,500 letters submitted. Fee justified at 33%, references Dell Technologies case. Monday's hearing moved; billing rates start at $275/hour, with Tesla suggesting $13.6 million.
Changes likely in India's new EV policy, may benefit legacy car companies
The move comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments. Consultations are also on with stakeholders on another key issue troubling carmakers.
Tesla unlikely to move forward with India investment, Musk's execs cease contact: Report
Tesla Inc. is unlikely to pursue new investments in India in the near future, sources familiar with the matter said. Following Elon Musk's postponed visit and lack of further communication, Indian officials believe Tesla faces financial constraints. India now focuses on local automakers like Tata Motors and Mahindra & Mahindra to boost its nascent EV market.
Musk Black: The colour maketh the man
Musk Black not only visually matches Meskla’s self-positioning as a Blade Runner-style aristotechnocrat to a T, but also performs another important function: it situates him away from the nerd herd. Even Thursday’s AGM backdrop underlined this distancing from Valley aesthetics. The ‘cyber rodeo’ neon-lit backdrop was a far cry from Google-Meta-Microsoft’s pristine, antiseptic whiteboard venues that are more Ikea than gritty Big Tech.
Elon Musk won $56 billion payday because of vote, Tesla argues in court
Tesla claims that Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, according to a court filing made public on Thursday. This comes despite a judge rescinding it earlier this year.
Does Elon Musk have 12 kids? Here's what we know about the Tesla CEO's mega family
Recent reports have suggested that Elon Musk has a third 'secret child' with Neuralink executive Shivon Zilis this year itself. As the details around this reports went viral, Elon Musk confirmed these rumors saying that this was no secret and that his friends and family already knew. It was surprising for the Tesla CEO that the issue was purported to be a secret, according to reports.
Elon Musk' layoff statement from April prompted Tesla to start slashing down workforce?
Elon Musk's net worth stands at $208.4 billion, as per reports, with main sources of revenue coming from Tesla and SpaceX, one of which is currently in the gray area around employee layoffs. Tesla's internal reports reportedly show a significant slash in employee count within a matter of a few months, shortly after Tesla CEO Elon Musk announced back in April that the company was planning to reduce its workforce by 10%.
Does Elon Musk have a secret child with Neuralink executive? The INSIDE story
It is not yet known officially how many children Elon Musk has. But it is believed that the billionaire has 11 children- five with his first wife, the author Justine Wilson, three with the musician Grimes, and three with Neuralink executive Zilis.
Elon Musk's Tesla Highlights: Self-driving tech, cybertruck & robotaxi plans
Tesla's annual shareholder meeting on June 13 was marked by shareholder approval of Elon Musk's $56 billion performance-based pay package, despite previous legal challenges. Additionally, shareholders agreed to relocate Tesla from Delaware to Texas. Elon Musk, in his characteristic style, outlined ambitious technological advancements at the meeting: he projected rapid progress in self-driving car technology, including the potential for Tesla owners to connect with a future "Robotaxi" fleet for passive income.
EVMs can be architected and built right as India has done: Former Min replies to Tesla CEO Elon Musk
Following Elon Musk's discussion on social media platform X regarding electronic voting machines (EVMs), former Minister of State for IT Rajeev Chandrasekhar responded by asserting that EVMs can be designed and constructed effectively, citing India's example. In response to Elon Musk, Rahul Gandhi stated that electronic voting machines (EVMs) in India function as a "black box," inaccessible to scrutiny, raising significant concerns about transparency in electoral system.
Tesla CEO Elon Musk's pay package gets support from 77% of votes at investor meet
Tesla investors voted overwhelmingly in favor of Elon Musk's $56 billion pay package at the annual meeting, with 77% approval despite opposition from institutional investors and proxy advisory firms. Retail investors showed strong support. The largest pay package in U.S. corporate history faced legal challenges, with a Delaware judge voiding it earlier in the year.
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