Page 4 - Elon Musk

Tesla boosts spending plan to $25 billion amid Musk's AI, robotics push

The investments will be put toward a dramatic expansion of factory operations, including production of its Optimus humanoid robot, artificial intelligence initiatives and the Cybercab autonomous car

Tesla to spend $3 billion on research chip factory, use intel tech

The research facility will be built on the electric-vehicle maker's existing Giga Texas campus, Musk said Wednesday during the company's quarterly earnings call

SpaceX IPO filing shows Elon Musk to retain control via supervoting shares

Though Musk was paid $54,080 last year, according to the excerpts, he stands to gain billions in equity after the company's stock market debut

French prosecutors summon Musk over allegations of child abuse images on X

Elon Musk has been summoned to Paris on Monday, where investigators are looking into allegations of misconduct related to the social media platform X, including the spread of child sexual abuse material and deepfake content. The world's richest man and Linda Yaccarino - the former CEO of X - have been summoned for "voluntary interviews," while other employees of the platform are scheduled to be heard as witnesses throughout this week, the Paris prosecutor's office said. It remains unclear whether Musk and Yaccarino will travel to Paris. A spokesperson for X did not respond to questions from The Associated Press and Yaccarino's current company, eMed, did not answer a request sent to the press email. The reason for summoning Musk --------------------------------- Musk was summoned after a search took place in February at the French premises of X as part of an investigation opened in January 2025 by the cybercrime unit of the Paris prosecutor's office. Musk and Yaccarino have been ..

Best of BS Opinion: Govt must build consensus for Constitutional amendments

From the setback to the women's quota Bill and rising fertiliser subsidies to tensions in the Strait of Hormuz, here is a curated selection of Business Standard's top Opinion pieces today

The architecture of autonomy: How 'Muskism' is remaking the global order

A new book frames "Muskism" as a system blending tech power, state dependence and libertarian rhetoric, shaping a disruptive and unequal political economy

Apple warned Musk's xAI of removing Grok from App Store over AI deepfakes

Apple reportedly found Grok in violation of its guidelines over sexualised deepfakes and asked for fixes, warning the app could be removed if issues were not addressed

Amazon's $11.6 bn deal with Globalstar ramps up rivalry with Elon Musk

The e-commerce giant has been trying for years to break into satellite services to gain new sources of growth beyond its enormous retail and cloud-computing businesses

Amazon to buy Globalstar in $11.57 bn deal to rival Musk's Starlink

Amazon has been working to ramp up its network by deploying about 3,200 satellites in Earth's low orbit by 2029, with roughly half required to be in place by a July 2026 regulatory deadline

Amazon nears deal to acquire Globalstar in push to rival Musk's Starlink

Globalstar's shares have almost quadrupled in the past year, giving the company a market value of about $9.4 billion

OpenAI accuses Elon Musk of 'ambush' as $100 billion-plus trial looms

OpenAI said the objectives Musk proposed earlier appear to be aimed at 'sandbagging the defendants and injecting chaos into proceedings, while trying to recast his public narrative about his lawsuit'

Elon Musk seeks ouster of OpenAI CEO Sam Altman in lawsuit escalation

Musk said in a court filing that the goal of his lawsuit is to 'unwind OpenAI's for-profit conversation and restructuring' which he said would involve removing Altman and Prez Greg Brockman

Intel joins Musk's Terafab AI chip project for robots, data centers

The company also posted a photo of CEO Lip-Bu Tan and Musk shaking hands, saying it hosted the world's richest man at its campus the past weekend.

SpaceX targets record IPO with massive retail allocation, June roadshow

SpaceX plans $75 billion raise at up to $1.75 trillion valuation, with retail investors set to take an unprecedented share

Big banks seeking a piece of spacex's IPO must subscribe to Musk's grok

Some of the banks have agreed to spend tens of millions on the chatbot, and they have already started integrating Grok into their IT systems

SpaceX targets more than $2 trillion valuation ahead of record-breaking IPO

At more than $2 trillion, SpaceX's valuation would increase by nearly two thirds in a matter of months

Tesla sales rise after year of Musk boycotts but still miss expectations

Sales of Tesla vehicles rose in the past three months after a brutal year of boycotts over Elon Musk's politics but still fell short of expectations. The company reported Thursday that sales rose 6 per cent to 358,023 in the three months through March, the first time in three years it posted a first-quarter increase from the year-earlier period. The increase follows a year of plunging sales due to an aging lineup and boycotts over Musk's right-wing political stands. Still, the results disappointed investors, who sold heavily on Thursday. One reason was that sales were 6 per cent lower than the 381,000 that financial analysts had expected, according to a survey by researcher FactSet. And they were sharply off from the sales for the three months ended in December. Tesla has had to contend with lower demand due to the September expiration of a USD 7,500 tax credit for EV buyers, a blow to sales across the industry. The company is hoping cheaper versions of Tesla models X and 3 introd

Elon Musk, US SEC head toward trial over Twitter investor fraud case

US Securities and Exchange Commission sued Elon Musk, alleging he delayed disclosing a 5% stake in Twitter, costing shareholders over $150 million

SpaceX files for blockbuster IPO confidentially, eyes $1.75 trn valuation

The filing comes after SpaceX merged with Musk's artificial intelligence startup xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion

Meghalaya signs pact with Starlink to expand digital connectivity: CM

Meghalaya Chief Minister Conrad K Sangma on Wednesday said the state government is taking major steps to enhance digital connectivity through its collaboration with Elon Musk-owned Starlink. Meghalaya has seen credible transformation through technology, and "we are hopeful that this collaboration will help us reach the remotest corners of our state and make a real difference in people's lives", Sangma said in a post on X. The CM said he was glad to witness the MoU signing between the Meghalaya government and Starlink India. "Over the past 8 years, we have strengthened infrastructure, embraced technology, and improved governance, reducing processes that once took 30 days to just 3 days. Yet, connecting our remotest schools, health centres, and communities remains a challenge. "Our partnership to introduce advanced satellite connectivity technology marks an important step toward bridging this gap. This initiative will help save lives through better healthcare access, improve learning