Page 64 - Elon Musk

AgniKul fires up reusable rocket dream, orbital launch next target

Agnibaan is a two-stage launch vehicle capable of carrying up to 100 kilograms of payload to an extent of around 700 km to low earth orbit

Tesla shareholder sues Elon Musk for alleged $7.5 bn insider trading

According to the lawsuit, Musk sold the shares on various dates in November 2022 and December 2022

Proxy adviser urges Tesla shareholders to reject Elon Musk's pay package

The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan

Musk's Tesla makes push to roll out advanced FSD self-driving in China

Tesla currently offers owners of its vehicles access to FSD for a one-time $8,828.32 fee

Elon Musk, Morgan Stanley 'hid' Twitter stock buying, suit says: Report

An Oklahoma public pension fund claims Musk's delay in disclosing his ownership of more than 5% of the social media company artificially kept its share price down

Sam Altman pledges to donate 'most' of his wealth 'to improve the world'

Open AI CEO Sam Altman and his husband Oliver Mulherin have decided to give away most of their wealth to The Giving Pledge' - founded by Warren Buffett, Melinda French Gates, and Bill Gates

Tesla blasts Glass Lewis after adviser seeks rejection of Musk pay package

The EV maker's board has been working to rally shareholder support ahead of its June 13 annual meeting

Tesla's $56 bn pay package for Elon Musk opposed by Calpers CEO Frost

Musk criticized Frost's remarks, saying in a post on his social media platform X that the pension fund 'is breaking their word'

Judge assures shareholders that Tesla won't contest Musk's pay case

The company's shareholders vote next month to ratify the pay package that McCormick voided and to reincorporate Tesla in Texas

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