Page 18 - Elon Musk

Musk's next challenge? Reviving Tesla as Europe sales plunge 50% in a year

Tesla sales plunged by more than half last month in several European countries in a sign that Elon Musk could struggle to revive the company after he shifts from his Washington work to running the automaker again. Tesla sales collapsed in April by more than two-thirds from a year earlier in Sweden, the Netherlands and Denmark, according to auto groups and government agencies Friday. Sales at the Austin, Texas, company dropped by 59% in France and 38% in Norway. The countries are not major drivers of sales overall, but they are the first to report April results and thus a foretaste of possible trouble elsewhere as Tesla reels from protests and boycotts over Musk wading into politics. In Germany, where he told voters their country was lost if they didn't vote for a candidate widely derided for her extreme views, sales plunged 62% in the first three months this year. German sales for April are not out yet. Financial analysts covering Tesla are worried about the Musk backlash but cauti

Starlink's Pakistan, Bangladesh operations under scrutiny in India

The SpaceX subsidiary has been awaiting govt approval to enter the India market

Australia's richest Gina Rinehart urges Trump-style governance for country

Rinehart, a strong Trump supporter who attended his inauguration celebration at Mar-a-Lago in January

Trump gives friendly send-off to Musk, praises him for his work on DOGE

US President Donald Trump praised Elon Musk for saving $160 bn through DOGE as he bid him farewell. Musk hinted at shifting focus back to Tesla

Billionaire Isaacman set to head Nasa, to focus on moon and Mars mission

According to a BBC report, Isaacman is yet to receive a clear vote of the full chamber to lead Nasa, a space agency which has set its eyes on returning to the moon

DOGE 'should definitely' examine Federal Reserve costs, says Musk

Musk's suggestion that DOGE should examine the Fed is the latest example of how President Donald Trump is aiming to exert more political control over the independent central bank

Tesla board rejects new CEO search reports, backs Musk to lead growth plans

According to WSJ report, Tesla's eight-member board is also seeking to appoint an independent director

Elon Musk plans to build a city near SpaceX site. But locals aren't happy

Voters in south Texas will decide whether to officially turn the home of Elon Musk's SpaceX launch site into a city called Starbase, despite growing public concern

US court upholds restrictions on DOGE access to Social Security information

A federal appeals court says it won't lift restrictions on the access that Elon Musk's Department of Government Efficiency has to Social Security systems containing personal data on millions of Americans. The full panel of judges on the 4th US Circuit Court of Appeals voted 9-6 to keep the ruling from US District Judge Ellen Hollander in place while DOGE pushes forward with an appeal. The appellate decision was released Wednesday. Earlier this month Hollander issued a preliminary injunction in the case, which was brought by a group of labour unions and retirees who allege DOGE's recent actions violate privacy laws and present massive information security risks. Hollander said DOGE staffers could access data that has been redacted or stripped of anything personally identifiable, but only if they undergo training and background checks. She also said DOGE and its staffers must purge any of the non-anonymised Social Security data they have already obtained, and barred them from making a

Starlink eyes multiple Indian partners to fast-track local satcom launch

Starlink is in talks with Indian firms like BSNL, Nelco, and Jio to launch satellite internet services in India, aiming for rapid expansion through local partnerships across the country

Musk nears end of 130-day DOGE stint, $113 billion wealth wiped out

Tesla's stock dropped 33% since inauguration. The EV maker's sales plummeted

Amazon launches first internet satellites to compete with SpaceX's Starlink

Amazon's first batch of Internet satellites rocketed toward orbit Monday, the latest entry in the mega constellation market currently dominated by SpaceX's thousands of Starlinks. The United Launch Alliance's Atlas V rocket carried up 27 of Amazon's Project Kuiper satellites, named after the frigid fringes of our solar system beyond Neptune. Once released in orbit, the satellites will eventually reach an altitude of nearly 630 kilometres. Two test satellites were launched in 2023, also by an Atlas V. Project officials said major upgrades were made to the newest version. The latest satellites also are coated with a mirror film designed to scatter reflected sunlight in an attempt to accommodate astronomers. Stargazers oppose the fast-growing constellations of low-orbiting satellites, arguing they spoil observations. Others fear more satellite collisions. Founded by Jeff Bezos, who now runs his own rocket company, Blue Origin, Amazon aims to put more than 3,200 of these satellites int

Are robots going to replace human surgeons soon? Here's what Musk predicts

Medtronic, an Ireland-based healthcare company that develops medical technology, recently experimented with its Hugo robot, which assisted in performing 137 real surgeries

Best of BS Opinion: India needs a new approach to managing gold and water

Today, we look at the challenges and opportunities that India faces in various areas, from gold to flowers to water, and most importantly, China.

Tales of influence, ambition: 3 books about tech, politics and big business

Germany's big businesses profited thanks to their collaboration, and after the war most executives escaped blame, keeping much of the plundered wealth even after millions died

As Elon Musk gained power in Washington, his popularity fell, shows poll

Elon Musk spent years building cachet as a business titan and tech visionary, brushing aside critics and sceptics to become the richest person on the planet. But as Musk gained power in Washington in recent months, his popularity has waned, according to a poll from The Associated Press-NORC Centre for Public Affairs Research. Just 33 per cent of US adults have a favourable view of Musk, the chain-saw-wielding, late-night-posting, campaign-hat-wearing public face of President Donald Trump's efforts to downsize and overhaul the federal government. That share is down from 41 per cent in December. It was a shame that he crashed and burned his reputation, said Ernest Pereira, 27, a Democrat who works as a lab technician in North Carolina. He bought into his own hype. The poll found that about two-thirds of adults believe Musk has held too much influence over the federal government during the past few months although that influence may be coming to an end. The billionaire entrepreneur i

Elon Musk's DOGE cuts $400 mn in AmeriCorps grants affecting thousands

AmeriCorps, the federal agency for national service and volunteerism, was created in 1993 by President Bill Clinton and annually enrolls over 200,000 individuals to serve organisations

New financials from Musk's X debt sale show shift toward AI, subscriptions

The platform, formerly known as Twitter Inc., posted $91 million in revenue tied to data licensing and subscriptions in February, a 30 per cent increase from a year earlier

100 days of DOGE: Deep cuts spark chaos and delays across US agencies

Nearly 100 days into what Trump and tech billionaire Elon Musk have called a mission to make the federal bureaucracy more efficient

Morgan Stanley looking to sell remaining $1.23 billion of X debt: Report

The move would allow the investment bank to shed the debt tied to a deal that drew significant attention. Musk has dramatically reshaped the social media platform since taking control