Page 63 - Elon Musk

Musk offers factory tours to investors as he seeks support for pay package

The company is making an unusual and public effort to rally support for Musk's pay

Elon Musk's xAI raises $6 billion in funding, now valued at $24 billion

The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital

Musk's startup xAI raises $6 bn in fresh round of funding, valued at $24 bn

The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital

Tesla shareholders should reject CEO Musk's pay package, says Glass Lewis

The recommendation to large institutional investors may sway their vote over Musk's pay at the carmaker's June 13 annual meeting

Elon Musk plans xAI supercomputer to power next version of chatbot Grok

Musk said he wants to get the proposed supercomputer running by the fall of 2025, as per the report, adding that xAI could partner with Oracle to develop the massive computer

Elon Musk's SpaceX in discussion to sell shares at $200 billion valuation

A $200 billion valuation would be a premium to the $180 billion valuation the company obtained through its most recent tender offer

Elon Musk predicts AI to eradicate all jobs, says it may not be a bad thing

The Tesla CEO suggested that in the future, individuals could take up jobs as a hobby, as AI robots will provide most goods and services

X to make likes on posts private to help users protect their 'public image'

While the posts on X will continue to show likes count, users would not be able to see profiles of other users who have tapped on the heart icon to like the post

Tesla excludes delivery goal of 20 mn vehicles a year in impact report

Slowing growth in EV demand and tough competition have hit demand for Tesla's vehicles

Tesla breaks ground on Megapack energy storage battery factory in Shanghai

Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday. The USD 200 million plant in Shanghai's Lingang pilot free trade zone will be the first Tesla battery plant outside the United States. Tesla opened an EV plant in Shanghai in 2019 that assembles cars for China, Europe and other overseas markets. It is the No. 2 seller in the booming Chinese market for electric vehicles. The market leader is Chinese auto company BYD. The state-run Xinhua News Agency lauded Tesla's commitment to investing in China and defying the rhetoric of decoupling' and de-risking' from China. It said the factory was slated to start mass production in early 2025, with an initial capacity of 10,000 Megapack units a year. According to Tesla's website, each Megapack can store more than 3.9 megawatt hours of energy enough to power an average of 3,600 homes for one hour. They are designed mainly for utilit

SpaceX launches first batch of satellites for new US spy constellation

SpaceX is building hundreds of satellites for the US National Reconnaissance Office, an intelligence agency

Tesla's shareholder group slams CEO Elon Musk's $56 billion pay package

Musk's decision to buy Twitter, now called X, has also played a material role in Tesla's underperformance. Additionally, the group raised concerns in Monday's letter about Tesla's lagging sales

Centre to conduct second round of consultation for new EV schemes

The Ministry of Heavy Industries will release policy guidelines and start accepting applications after July 15

Musk arrives in Indonesia to launch Starlink satellite internet service

Elon Musk arrived in Indonesia's resort island of Bali on Sunday to launch Starlink satellite internet service in the world's largest archipelago nation. The billionaire head of Tesla and SpaceX and owner of social platform X arrived by private jet on the idyllic island of the gods, which is renowned for its tropical beaches, terraced rice paddies, mystical temples and colorful spiritual offerings. Musk is slated to launch the service alongside Indonesian President Joko Widodo in a ceremony later Sunday at a public health clinic in Denpasar, the provincial capital of Bali. Musk will also sign an agreement on enhancing connectivity in the country's health and education sectors, said Indonesia's Coordinating Minister of Maritime and Investment Luhut Binsar Pandjaitan, who welcomed Musk at the airport. Pandjaitan, a close ally of Widodo, did not provide more details about the agreement between the Indonesian government and Musk's SpaceX, the aerospace company that operates Starlink ...

Megalomania plus cult is dangerous

We box our leaders into a moral binary - all greatness or all sin. The reality is that it is a mix, and what you see is what you get

EV maker Tesla 'silent'; yet to communicate its India plans: Report

US electric carmaker Tesla is 'silent' and yet to communicate its India plans to the government under the new EV policy, an official said on Friday. American tech billionaire Elon Musk, who was scheduled to visit India on April 21-22, had postponed his visit at the last moment citing "very heavy Tesla obligations". Musk, CEO of electric carmaker Tesla, was also slated to meet Prime Minister Narendra Modi during the visit. "They (Tesla) are just silent.. the (EV) policy was always meant for everybody," the official said when asked whether the company has communicated its plans to the government. The commercial decisions are announced by the companies, the official added. An e-mail query sent to Tesla remained unanswered. Earlier in April, he confirmed his visit to India in a post on X saying, "Looking forward to meeting with Prime Minister @NarendraModi in India". In June last year, Musk met with Modi during the latter's US visit and stated that he planned to visit India in 2024

Twitter has officially moved over to 'X' domain, confirms Elon Musk

Elon Musk rebranded Twitter to X in July 2023. However, Twitter domain remained in service since switching domain has not been as easy going as the logo switch

Number of ultra rich grows, more worth over $100 bn than ever before

Leading the pack is LVMH founder and Chief Executive Officer Bernard Arnault, 75, with a net worth of $222 billion

Elon Musk scheduled to visit Indonesia for Starlink's launch: Minister

Minister Luhut Pandjaitan, a close ally of President Joko Widodo, said Musk would launch the service on the holiday island of Bali alongside the Indonesian leader

Ilya Sutskever, who 'ousted' Sam Altman, exits OpenAI: Who is he?

Ilya Sutskever was on OpenAI's board when it decided to oust Sam Altman over leadership differences last year