Page 22 - Elon Musk

Elon Musk sees Tesla as 'buying opportunity' despite DOGE blowback

Political backlash from Musk's recent political forays in the US and around the world have weighed on Tesla at home and abroad

Elon Musk's XAI all-stock deal offers unexpected win for X investors

Musk used his artificial intelligence startup, xAI, to purchase his social media platform in an all-stock deal that values X at $33 billion, not including debt

Musk hands out $2 million to voters ahead of Wisconsin Supreme Court polls

Elon Musk announced the prize last week ahead of the Wisconsin Supreme Court claiming it was 'important for the future of civilisation'

When is Elon Musk planning to quit DOGE? Here's what Tesla chief said

Earlier this month, US President Donald Trump hinted that Elon Musk doesn't plan on continuing his role in DOGE for long

Protesters rebelling against Musk's purge of US govt swarm Tesla showrooms

Crowds protesting billionaire Elon Musk's purge of the US government under President Donald Trump began amassing outside Tesla dealerships throughout the US Saturday in the latest attempt to dent the fortune of the world's richest man. The protesters are trying to escalate a movement targeting Tesla dealerships and vehicles in opposition to Musk's role as the head of the newly created Department of of Government Efficiency, or DOGE, where he's gained access to sensitive data and shuttered entire agencies as he attempts to slash government spending. Most of Musk's estimated USD 340 billion fortune consists of the stock he holds in the electric vehicle company that he continues to run while also working alongside Trump. Earlier protests have been somewhat sporadic. Saturday marked the first attempt to surround all 277 of the automaker's showrooms and service centres in the US in hopes of deepening a recent decline in the company's sales. By early afternoon, crowds ranging from a few

US judge declines to block Musk's $1 mn checks to voters before polls

A Wisconsin judge on Saturday declined to stop billionaire Elon Musk from handing over USD 1 million checks to two voters in the state at a planned rally days before the closely contested Supreme Court election. The state attorney general, who argues that the offer violates the law, immediately appealed after the judge refused to hear the request for an emergency injunction to block the payments. The ruling is the latest twist in Musk's deep involvement in the race, which has set a record for spending in a judicial election and has become a litmus test for the opening months of Donald Trump's presidency. Trump and Musk are backing Waukesha County Judge Brad Schimel in the race, while Democrats are behind Dane County Judge Susan Crawford. Musk plans a rally Sunday where he intends to give a pair of Wisconsin voters USD 1 million each for signing an online petition against activist judges. He is also offering USD 100 to anyone who signs it; he previously gave USD 1 million to a Green

Musk deletes post promising to deliver $2 mn to Supreme Court race voters

Billionaire Elon Musk on Friday deleted a social media post in which he had announced plans to hold a rally in Wisconsin to personally hand over USD 2 million to a pair of voters who have already cast their ballots in the state's hotly contested Supreme Court race. Musk deleted the post from his social media platform, X, about 12 hours after he initially posted it late Thursday night. He had posted that he planned to give USD 1 million each to two voters at the event on Sunday, just two days before the election that will determine ideological control of the court in the battleground state. The action was announced despite a Wisconsin law that explicitly prohibits giving anything of value in exchange for a vote. Musk said that attendance at his talk would be limited only to those who have voted in the Supreme Court election, without explaining how he would verify that. I will also personally hand over two checks for a million dollars each in appreciation for you taking the time to

Elon Musk sells X to his AI firm xAI for $33 billion in all-stock deal

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a USD 33 billion all-stock deal, the billionaire announced on Friday. Both companies are privately held, which means they are not required to disclose their finances to the public. Musk said in a post on X that the move will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach. He said the deal values xAI at USD 80 billion and X at USD 33 billion. Musk, who serves as CEO of Tesla and SpaceX as well as an advisor to Presidend Donald Trump, bought the site then called Twitter for $44 billion in 2022, gutted its staff and changed its policies on hate speech, misinformation and user verification and renamed it X. He launched xAI a year later. xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced A

Musk loses bid to block investor lawsuit over Twitter stock manipulation

A Manhattan federal judge on Friday said investors can move forward with claims that Musk committed securities fraud by failing to make timely disclosures to the US Securities and Exchange Commission

'X's allegations of censorship are groundless': Centre on Musk's lawsuit

Elon Musk-owned X filed a lawsuit seeking to quash the government's Sahyog portal, which notifies tech companies about harmful online content

Musk says he will finish most of $1 trn federal cost cuts within weeks

DOGE estimates it has saved US taxpayers $115 billion as of March 24 through actions including workforce reductions, asset sales and contract cancellations

Man accused of setting fire to Tesla vehicles in Las Vegas arrested: Police

A man who set fire to Tesla vehicles in Las Vegas and painted the word "resist" for authorities to find at the scene has been arrested, police said on Thursday. Paul Hyon Kim, 36, faces charges in connection with the March 18 attack in both state and federal court. He was taken into the custody of the federal government on Thursday. In state court, Kim is facing charges of arson, possession of an explosive device and firing a weapon into a vehicle, Clark County Sheriff Kevin McMahill said at a news conference. Kim is also charged with federal unlawful possession of an unregistered firearm and arson, according to a criminal complaint. He is scheduled to appear in the US district court in Las Vegas later on Thursday. An attorney for Kim who could comment on his behalf was not listed on Thursday in court records. Security video played at the news conference showed the suspect, dressed in black and covering his face, paint the word "resist" across the glass doors of a Tesla service ce

Trump administration plans large layoffs, targets 10K jobs in health dept

The jobs cuts come after around 10,000 employees have already opted to leave the department through so-called voluntary separation letters

Hurun Rich List 2025: Elon Musk world's richest; check who trail him

The report noted that since the wealth cut-off date of January 15, 2025, Elon Musk's fortune has declined by nearly $100 billion

Elon Musk one of the few winners from Donald Trump's auto tariffs

The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the US

Trump calls auto tariffs 'maybe good for Tesla,' Musk says 'not unscathed'

The auto tariffs are set to take effect on April 2, with collection beginning April 3, as confirmed by the White House

Tesla to start sales in Saudi next month as Musk and the Kingdom mend ties

The dispute started when Musk tweeted in 2018 he had "funding secured" to take Tesla private after meeting Saudi Arabia's sovereign wealth fund. But the deal didn't materialise

Trump calls Musk a 'friend' in meeting, says he never asked for anything

Trump's acknowledgment of his friendship comes at a time when DOGE chief Musk has been facing several setbacks

Delhi HC to hear Musk's Tesla infringement suit against India's Tesla Power

Tesla Inc had filed a trademark infringement suit in the Delhi High Court on May 2 last year against Gurugram-based Tesla Power India

Nasa staff worried as layoffs begin under Trump's cost-cutting initiative

Nasa begins layoffs under Trump's cost-cutting orders; a 'Tiger Team' has been formed to identify efficiencies as scientists fear a brain drain and growing distrust in leadership