Page 100 - Elon Musk

Office rentals in San Francisco will drop further, says Musk amid layoffs

Twitter CEO Elon Musk on Sunday said that office rentals in San Francisco will further drop, as the city is reeling under the pressure after massive tech layoffs and company offices being shut

Elon Musk says he can't get fair trial in California, wants Texas

Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him. Instead, in a filing submitted late Friday less than two weeks before the trial was set to begin on January 17 Musk's lawyers argue that the trial should be moved to the federal court in the western district of Texas. That district includes the state capital of Austin, which is where Musk relocated his electric car company, Tesla, in late 2021. If a move isn't possible, Musk's lawyers want the trial postponed until negative publicity regarding Musk's purchase of Twitter has died down. For the last several months, the local media have saturated this district with biased and negative stories about Mr. Musk, attorney Alex Spiro wrote in a court filing. Those items have personally blamed Musk for recent layoffs at Twitter, Spiro wrote, and have charged that the job cuts may have even violated laws. Th

Twitter under Musk cuts more staff overseeing global content moderation

At least a dozen more cuts on Friday night affected workers in the company's Dublin and Singapore offices

Tesla's board takes more heat over Elon Musk succession planning

Karen Róbertsdóttir has submitted a resolution for Tesla investors to vote in May on whether the board should prepare and maintain a key-person risk report

Andhra govt inviting Musk, Tim Cook, Bezos for Investors Summit in Vizag

Prime Minister Narendra Modi, Apple CEO Tim Cook, Tesla CEO Elon Musk, Google CEO Sundar Pichai, Microsoft Executive Chairman and CEO Satya Nadella are on the invitees list of the Andhra Pradesh government for its Global Investors Summit (GIS) to be held in Visakhapatnam on March 3 and 4. Fifteen Union Ministers, 15 Chief Ministers, 44 global industrialists, 53 Indian industry bigwigs and ambassadors of various countries are being invited for the two-day event on which the Y S Jagan Mohan Reddy government is betting big to attract large-scale investments into the state. Amazon Executive Chairman Jeff Bezos and Samsung Chairman and CEO Oh-Hyun Kwon are also on the invitees list for the summit to be held in the port city. Mukesh Ambani, Gautam Adani, Anand Mahindra, Kumar Mangalam Birla, Adi Godrej, Rishad Premji and N Chandrasekaran are some of the Indian giants being invited. In his message ahead of the event, the Chief Minister noted that the GIS was being hosted "with the goal of

Twitter security headaches mount with data leak of over 230 mn users

The database, which was posted on Wednesday, contains the names and email addresses of politicians, journalists and bankers, among others

Laid-off Twitter workers await severance pay, Musk in for legal trouble

Twitter faces multiple suits over unpaid bills, including for private chartered plane flights, software services and rent at one of its San Francisco offices

US sought suspension of 250k Twitter accounts, including journalists': Musk

Twitter chief Elon Musk on Tuesday disclosed that US Government demanded the suspension of 250k Twitter accounts, including those belonging to journalists and Canadian officials, reported Fox News.He made the revelation while sharing the latest round of "Twitter Files," which were made public by the journalist Matt Taibbi.https://twitter.com/elonmusk/status/1610421293060599808?s=20 & t=e2Qs0cZEad2L7raSzXG28g"US govt agency demanded suspension of 250k accounts, including journalists & Canadian officials!" tweeted Musk.The new release of internal Twitter correspondence details the relationship between the social media company and government agencies.Taibbi revealed the US government's mounting and endless pressure on Twitter to work hand-in-hand with Congress to hunt for Russian meddling on the platform, reported Fox News.The Global Engagement Center -- described by Taibbi as "a fledgling analytic/intelligence arms of the State Department" -- went public by releasing a report .

Twitter says it will relax its 3-year-old ban on political advertising

Twitter says it will ease up on its 3-year-old ban on political advertising, the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year. The company tweeted late Tuesday that we're relaxing our ads policy for cause-based ads in the US." We also plan to expand the political advertising we permit in the coming weeks," the company said from its Twitter Safety account. Twitter banned all political advertising in 2019, reacting to growing concern about misinformation spreading on social media. At the time, then-CEO Jack Dorsey said that while internet ads are powerful and effective for commercial advertisers, that power brings significant risks to politics, where it can be used to influence votes to affect the lives of millions. The latest move appears to represent a break from that policy, which had banned ads by candidates, political parties, or elected or appointed government officials. Political advertising made up a sliver o

Twitter to ease 3-yr ban on political advertising in continued policy shift

Dorsey justified the ban, which attracted the ire of then-President Donald Trump's re-election campaign, by saying that "political message reach should be earned, not bought"

SpaceX valued at $137 billion in latest funding round, says TV report

Space Exploration Technologies Corp. is raising $750 million in new fundraising, which values the company at $137 billion, CNBC reported

Sold record 1.3 mn vehicles last year, number short of target sales: Tesla

Tesla said on Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk's pledge to grow the company's sales by 50 per cent nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company's 50 per cent growth target. Sales grew 40 per cent year over year, while production climbed 47 per cent to 1.37 million. The shortfall came despite a major year-end sales push that included rare USD 7,500 discounts in the US on the Models Y and 3, the company's top-selling models. Tesla Inc., which is based in Austin, Texas, also had to deal with rising cases of the novel coronavirus in China, which cut into production at its Shanghai factory. With the extra US push, Tesla delivered more than 405,000 vehicles worldwide in the fourth quarter. But that missed Wall Street projections. Analysts polled by data provider FactSet expected 427,000 deliveries from Octo

Elon Musk's Tesla may unveil $25,000 Model 2 car in 2024: Report

Elon Musk-owned electric vehicle company Tesla is expected to unveil its $25,000 Model 2 car in 2024, the media reported

Tesla announces Model S, X launch in China, prices to be unveiled on Friday

Elon Musk-run Tesla has announced the upcoming launch of Model S and Model X in China, with pricing to be revealed on Friday and deliveries in the first half of this year

War in Ukraine to tech layoffs: A look at 10 events that defined 2022

2022 will be remembered for a plethora of things but these 10 events will perhaps be on top of the list

Tesla Megapack to achieve sustainable energy future for Earth, says Musk

Elon Musk on Saturday said Tesla Megapack (battery storage product) will make a huge difference to achieving a sustainable energy future for the planet.

Fidelity slashes its Twitter stake value by 56% as Musk face challenges

Top global investment firm Fidelity has slashed the value of its stake in Twitter by 56 per cent during the first month of Elon Musks ownership, as the micro-blogging platform navigates through issues

New Twitter will aim to optimise unregretted user minutes, says Elon Musk

Elon Musk on Friday said that the new Twitter under him will aim to optimise every minute that a user spends on the micro-blogging platform, and does not regret it

As outage hits thousands of users globally, Twitter says 'let's try again'

During the outage, some users were unable to log in to their Twitter account via desktops or laptops

Significant backend server changes behind Twitter outage, says Musk

As Twitter went down for several users globally including in India, Elon Musk on Thursday said the outage was because of backend changes to make the micro-blogging platform faster