Page 51 - Elon Musk

Elon Musk's X falls behind on updating political advertising disclosures

X isn't legally required to update the database, but it's become an expected practice for the company and its tech peers

Elon Musk tests role of money in US polls with efforts to back Trump

Next week's presidential election isn't just a referendum on Donald Trump and Kamala Harris. It's also a measure of the influence the world's richest man wields over American democracy. Elon Musk, the South African-born tech and business titan, has spent at least USD 119 million mobilising Trump's supporters to back the Republican nominee. His social media platform, X, has become a firehose of pro-Trump propaganda. And he's playing a starring role in Trump-style rallies in critical battleground states. All the while, he's coming under growing scrutiny. He skipped a hearing on Thursday in a lawsuit over his effort to dole out millions of dollars to registered voters, a giveaway legal experts liken to vote buying. He's being investigated by the Securities and Exchange Commission. And The Wall Street Journal recently reported that Musk regularly communicates with Russian President Vladimir Putin, a potential national security risk because SpaceX, his aerospace company, holds billions of

Musk's social media posts have a sudden boost since July, new study reveals

Tech billionaire Elon Musk's social media posts have had a sudden boost' since July, new research reveals

Could Elon Musk lose US citizenship over alleged immigration lies?

A report from The Washington Post suggests that Musk may have worked in the US illegally in the 1990s

Challenge of Musk's $ 1mn a day voter sweepstakes moves to federal court

A Pennsylvania prosecutor's effort to shut down Elon Musk's $1 million-a-day voter sweepstakes moved to federal court on Thursday after a state judge let both sides debate their grievances in a hearing skipped by the world's richest man. Judge Angelo Foglietta agreed that Musk, as a named defendant in the lawsuit filed by Democratic District Attorney Larry Krasner, should have attended the hearing in person, but he declined to immediately sanction the tech mogul. Musk's lawyer, Matthew Haverstick, said he's a busy man who could not simply materialize in the courtroom hours after the hearing was scheduled. Krasner's team challenged the notion that the founder of SpaceX could not make it Philadelphia, prompting a quick retort from the judge. Counsel, he's not going to get in a rocket ship and land on the building, Foglietta replied. The huge giveaways to registered voters come from Musk's political organization, which aims to boost Donald Trump's presidential campaign. After his law

Jeff Bezos, Elon Musk and the billions of ways to influence an election

Jeff Bezos, the reigning swashbuckler of the internet age until Musk came along, was playing a cooler game, content to let Musk take the headlines and the risk

Musk's SpaceX moves into spy game: A new era for defense contracting

Pentagon needs what the firm offers to compete with China even as it frets over its potential for dominance, billionaire's global interests

Judge sets hearing on $1 mn a-day sweepstakes from Musk PAC helping Trump

A Philadelphia judge is holding a hearing Thursday morning in the city prosecutor's bid to shut down Elon Musk's USD 1 million-a-day sweepstakes in battleground states. The giveaways come from Musk's political organisation, which aims to boost Donald Trump's presidential campaign. Philadelphia District Attorney Larry Krasner, a Democrat, filed suit Monday to stop the America PAC sweepstakes, which is set to run through Election Day. Judge Angelo Foglietta will hear motions on the issue in a City Hall courtroom. Matthew Haverstick, one of several lawyers representing the defendants, declined to say late Wednesday if Musk would attend the hearing. The sweepstakes is open to people in battleground states who sign a petition supporting the Constitution. Krasner has said he could still consider criminal charges, saying he is tasked with protecting the public from both illegal lotteries and interference with the integrity of elections. Election law experts have raised questions about .

Elon Musk's $35 mn Texas mansion: A family haven for 11 kids, their mothers

Elon Musk has purchased a $35 million mansion in Texas, designed to accommodate his blended family of 11 children. The estate aims to foster co-parenting and family bonding

Trump's Truth Social beats Musk's X in value; what's behind the surge?

Trump Media & Technology Group now holds a valuation exceeding $10 billion, with its stock more than quadrupling since late September

Musk wins court victory in dispute over 2018 post during labour dispute

A federal agency was wrong to order that Tesla CEO Elon Musk delete a 2018 social media post that union leaders saw as a threat to employee stock options; a sharply divided federal appeals court has ruled. The case involved a post made on what was then known as Twitter during United Auto Workers organising efforts at a Tesla facility in Fremont, California. The post was made years before Musk bought the platform, now known as X, in 2022. On May 20, 2018, Musk tweeted: Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues and give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare. The National Labor Relations Board said it was an illegal threat. After Tesla appealed, three judges on the 5th US Circuit Court of Appeals in New Orleans upheld that decision, as well as a related NLRB order that Tesla rehire a fired employee, with back pay. But Tesla ..

Trump's Truth Social surpasses Musk's X in value after stock price surge

Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform. Trump Media and Technology Group is now valued at over USD 10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around USD 9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter. The stock of Trump Media, or TMTG, tends to move more with Trump's re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose more than 12 per cent to USD 53.30, on top of a 21.6 per cent gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning. The stock had dropped to roughly USD 12 late last month. Trump created TMTG after he was banned from Twitte

Musk declares financial emergency: What's fueling $36 trillion debt crisis?

During a recent rally, Elon Musk raised concerns about the soaring $36 trillion national debt and its potential impact on the economy, labelling it a 'financial emergency' in the US

US elections: Musk wants $2 trn cut from federal budget. It'd be difficult

His target exceeds the amount Congress spends annually on govt agency operations, including defence. It would likely require making significant cuts to popular entitlement programmes

Philadelphia DA sues Elon Musk's America PAC over $1 million giveaway

The district attorney of Philadelphia has filed a lawsuit to halt Elon Musk 's USD 1 million giveaways as part of his political organisation's effort boosting Donald Trump 's presidential campaign. The suit by Democratic District Attorney Larry Krasner is the first legal action to be brought over the America PAC's sweepstakes offering USD 1 million every day until November 5 to a person in a battleground state who has signed a petition supporting the Constitution. Krasner's office said the lawsuit, coming just over a week before Election Day, doesn't preclude potential criminal action. The Philadelphia District Attorney is charged with protecting the public from public nuisances and unfair trade practices, including illegal lotteries. The DA is also charged with protecting the public from interference with the integrity of elections, Krasner's office said in a statement published on its website. A spokesperson for the billionaire tech mogul's America PAC, emailed for comment on the

US elections: Elon Musk and friends smothering internet's truth seekers

In early October, the head of the US intelligence community warned of a serious threat from foreign actors including Russia, Iran and China, aimed at undermining trust in polls

US elections: Musk says he can cut $2 trillion from Budget at Trump rally

Trump has said he would ask Musk, the world's richest person and a major donor to the Republican nominee's campaign, to head up an effort to cut government spending

Why telcos fear trouble if Starlink gets spectrum at administrative prices

GSMA research reveals that only 1 per cent of India's population is unconnected or has no coverage. Domestic telcos say that is too small a market to make a business case

Elon Musk claims critics of Donald Trump pose real threat to democracy

Tech mogul Elon Musk, speaking at a town hall Saturday night in Pennsylvania to support Republican Donald Trump, played down the January 6 attack on the US Capitol and exhorted supporters to cast votes early in the presidential swing state while describing mail ballots as a recipe for fraud." The freewheeling session inside a ballroom at a hotel in downtown Lancaster touched on a dizzying range of topics, from space exploration and the Tesla cybertruck to immigration and the efficacy of psychiatric drugs. The town hall was part of Musk's efforts through his super PAC to help boost Trump in swing states ahead of the November 5 presidential election against Democrat Kamala Harris. Musk, whom Trump has vowed to give a role in his administration if he wins next month, spent nearly two hours taking questions from town hall participants. While most were laudatory and covered a variety of topics, one was particularly pointed: A man wanted to know what Musk would say to concerns from voters

Elon Musk sends more money to back Trump, giving $44 mn to super PAC

America PAC, which is focused on turning out voters in closely contested states that could decide the election, also disclosed spending more than $47 million in the first half of October