Page 53 - Elon Musk

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

Elon Musk's wealth soars $34 bn as Tesla shares post biggest decadal gain

Elon Musk, 53, has also been in the spotlight for his increasingly vocal - and costly - support of Republican candidate Donald Trump

Tesla shares surge on strong earnings, 30% growth forecast in 2025

Third-quarter results were buoyed by Tesla turning a corner with the Cybertruck, which generated profit for the first time

Tesla stock jumps 12% as Musk reassures investors of strong EV growth plan

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and aprominent Tesla investor, said robotaxis and AI were not the fundamental businesses he wanted Musk to focus on

US elections: Elon Musk helps set the stage for 'stop the steal 2024'

Before Musk took over, this was the kind of toxic and dangerous misinformation Twitter used to try to curtail

US Presidential Election: Bill Gates secretly donates $50 million to back Kamala Harris

Billionaire and philanthropist Bill Gates recently extended support to Kamam Harris' presidential campaign through a secret donation. Watch the video to know more.

Elon Musk's PAC spends just 3.6% of social media ad dollars on his X

Through Monday, Musk's America PAC spent about $201,000 on political ads on X, according to updated disclosures from the company, formerly known as Twitter

Meta bans accounts tracking private jets for Mark Zuckerberg, Elon Musk

Accounts, which rely on publicly available information to track a jet's location and CO2 emissions, among other details, were banned without warning this week after Meta updated its privacy policy

Elon Musk sued over 'Blade Runner' imagery used during robotaxi unveiling

The production company, which has also financed and produced films such as The Blind Side, filed a lawsuit accusing Musk of copyright infringement

Musk's election promise of $1 million daily giveaway sparks call for probe

The money is the latest example of Musk using his extraordinary wealth to influence the tightly contested presidential race

Starlink vs Jio: Trai extends satellite spectrum pricing debate deadline

Major satellite players like Musk's Starlink and Jeff Bezos-owned Amazon Kuiper are advocating for lower spectrum prices in India

Musk holds first solo event in support of Trump in Philadelphia suburbs

Elon Musk held his first solo event in support of Donald Trump for president on Thursday, encouraging voters in the Philadelphia suburbs to register to cast their ballots and vote early, though some attendees shouted back, Why? The America PAC event at Ridley High School's auditorium in Folsom featured the world's richest man speaking onstage in front of a large U.S. flag for roughly 15 minutes before taking questions from the crowd, many of whom wore Make America Great Again hats. The event was billed as a call to action to vote early in the crucial battleground state of Pennsylvania, where Trump and Democratic Vice President Kamala Harris are fiercely contesting the election. Some in the crowd questioned Musk's entreaties to vote early, reflecting the possibility that Republicans are still persuading their supporters to embrace early voting after Trump spent years demonizing the method. The crowd rose to its feet and took cellphone videos as Musk, the billionaire founder of Tesla