Page 5 - Latest Updates on Elon Musk
European space push: Airbus, Leonardo, Thales join forces in €6.5 bn deal
Airbus, Leonardo and Thales will merge space businesses, creating a €6.5 billion company with 25,000 employees and cost savings of mid-triple-digit millions
 "European space push: Airbus, Leonardo, Thales join forces in €6.5 bn deal")
Tesla profit tumbles 31% despite record sales of EVs as costs rise
Elon Musk highlighted Tesla's Q3 AI and robot projects and his trillion-dollar pay plan, but gave few details on reviving EV sales after a 40 per cent profit drop
 "Tesla profit tumbles 31% despite record sales of EVs as costs rise")
Musk criticises Nasa's Sean Duffy as Isaacman praises agency leader
The comments by Musk, the space industry's most prominent CEO, come a day after Duffy expressed frustration over the development by Musk's company of a lunar lander
 "Musk criticises Nasa's Sean Duffy as Isaacman praises agency leader")
Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday
One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded the Tesla CEO's record compensation in January 2024
 "Tesla urges Delaware Supreme Court to restore Musk's $56 billion payday")
SpaceX launches 11th test flight of Starship, aims to cover half the globe
It was the 11th test flight for a full-scale Starship, which SpaceX founder and CEO Elon Musk intends to use to send people to Mars
Trump wants Nobel Peace Prize this year, but what are his chances?
The Nobel Peace Prize 2025 will be announced on October 10 in Oslo, with Donald Trump among 338 nominees. Experts, however, say his chances remain slim amid stronger contenders
 "Trump wants Nobel Peace Prize this year, but what are his chances?")
Musk settles suit by ex-Twitter CEO Parag Agrawal over denied severance pay
The accord comes as Musk and officials of X Corp - Twitter's new name - agreed in August to settle a $500 million suit by about 6,000 laid off rank-and-file employees
 "Musk settles suit by ex-Twitter CEO Parag Agrawal over denied severance pay")
Nvidia to invest in Elon Musk's AI startup xAI as part of $20 billion deal
Funding for xAI includes both equity and debt through a special purpose vehicle that will purchase Nvidia's processors and lease them to xAI for its Colossus 2 project
 "Nvidia to invest in Elon Musk's AI startup xAI as part of $20 billion deal")
Tesla to unveil cheaper version of Model Y to offset loss of tax incentives
The move follows the company's decision to introduce a more affordable version to offset the impact of reduced US incentives for electric cars
 "Tesla to unveil cheaper version of Model Y to offset loss of tax incentives")
Elon Musk's $1 trn pay plan faces pushback from investors, state officials
In response to Thursday's letter, Tesla said in a post on X that the performance incentive plan aligns Musk's compensation with shareholder value creation 'of trillions of dollars'
 "Elon Musk's $1 trn pay plan faces pushback from investors, state officials")
OpenAI slams Musk's xAI lawsuit, calls it an attempt to bully ex-workers
OpenAI has asked a federal judge in San Francisco, US, to dismiss the lawsuit filed by xAI, which accused OpenAI of poaching employees and stealing trade secrets
 "OpenAI slams Musk's xAI lawsuit, calls it an attempt to bully ex-workers")
Tesla sued over Cybertruck door defects in fatal California accident
In the lawsuit, families claim passengers were trapped inside a burning Cybertruck, citing electronic door failures and nearly impenetrable 'armor glass' windows as key hazards
 "Tesla sued over Cybertruck door defects in fatal California accident")
OpenAI secures $500 bn valuation, overtakes SpaceX in market worth
The milestone puts OpenAI ahead of SpaceX in terms of market valuation as investor appetite for AI soars. The deal also offers liquidity to staff and boosts retention
 "OpenAI secures $500 bn valuation, overtakes SpaceX in market worth")
Musk's net worth hits $500 bn; Tesla CEO to become first trillionaire?
The shares of Tesla saw rose by nearly 4 per cent and added an estimated $9.3 billion to Musk's fortune as investors continued to cheer the prospects of a more focused Musk
Elon Musk backs 'Cancel Netflix' trend on X: Here's all you need to know
'Cancel Netflix' trended on X after Elon Musk hinted he ended his subscription, backing criticism of Netflix over Hamish Steele's comments on Charlie Kirk and 'woke content'
 "Elon Musk backs 'Cancel Netflix' trend on X: Here's all you need to know")
Apple denies undermining Elon Musk's xAI by teaming up with OpenAI
Apple's lawyers said in a court filing Tuesday that even if the company teamed up with OpenAI first, it is widely known that Apple intends to partner with other generative AI chatbots
 "Apple denies undermining Elon Musk's xAI by teaming up with OpenAI")
X to challenge Karnataka HC order upholding Sahyog portal validity
Elon Musk's X will challenge the Karnataka High Court verdict that upheld the Centre's Sahyog portal, which allows online content takedowns without judicial review
 "X to challenge Karnataka HC order upholding Sahyog portal validity")
Musk's X 'deeply concerned' by HC content takedown order, plans appeal
X owner Elon Musk, a free-speech absolutist, has often clashed with authorities, but the firm's India lawsuit challenges the very foundation of the country's tightened internet regulation
Why Musk, Gates were both wrong about the future of electric trucks
Sales of electric heavy trucks in August nearly tripled from a year earlier, according to First Commercial Vehicle Network
 "Why Musk, Gates were both wrong about the future of electric trucks")
Epstein tried to get me on his island, 'I refused', claims Elon Musk
Elon Musk rejected Epstein island claims after lawmakers released fresh files naming him, Steve Bannon and Bill Gates, while Trump's past ties drew renewed scrutiny
 "Epstein tried to get me on his island, 'I refused', claims Elon Musk")