Page 86 - Elon Musk

Bernard regains world's richest person title, Musk slips to 2nd place

Elon Musk surpassed Bernard Arnault, CEO of luxury brand Louis Vuitton's parent company LVMH, to regain the title of the world's richest person only for a brief period before losing the tag again

Anti-harassment service 'Block Party' exits Twitter amid API modifications

They said: "Block Party's Twitter product is going on indefinite hiatus starting tomorrow. We fought hard to stay here, but recent changes have made it impossible for now"

Elon Musk again becomes World's richest person as Arnault's LVMH sinks

The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault's LVMH fell 2.6% in Paris trading

China woos Jamie Dimon, elon Musk in search of economic boosters

Politburo members, ministers recently met Starbucks, Arm, Franklin Templeton execs

Twitter may worth one-third what Musk paid for it due to down investment

Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago. Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at USD 6.55 billion. That's down from the nearly USD 20 billion Fidelity valued its stake at in October. It is unclear how Fidelity came up with its valuation figures, but as a public company it's required to provide investors with updates on its holdings. Because Twitter is a private company now called X Holdings Corp., information about its finances can't be verified. Musk took control of Twitter in October, after a protracted legal battle and months of uncertainty. The CEO of Tesla, who also owns SpaceX, bought Twitter for USD 44 billion. The billionaire financed the purchase with funds including loans from a group of banks. Musk has said the USD 44 billion price tag for Twitter was too high but that the company had great potential. By April

Give us a road map and timeframe for local supply chain: India tells Tesla

At present, most of Tesla's vendors are Chinese, and they will need to establish joint ventures with Indian firms to operate in the country

China's industry minister, Tesla's Musk meet, discuss electric cars

China's industry minister met Tesla Ltd. CEO Elon Musk on Wednesday and the two discussed development of electric and intelligent networked vehicles, the ministry said. The ruling Communist Party is trying to revive investor interest in China's slowing economy. Foreign companies are uneasy following raids on consulting firms and given the strained Chinese relations with Washington. Jin Zhuanglong and Musk exchanged views on the development of new energy vehicles and intelligent networked vehicles, said a statement by the Ministry of Industry and Information Technology. It gave no details. China accounts for half of global electric vehicle sales and is the site of Tesla's first factory outside the United States. On Tuesday, Foreign Minister Qin Gang told Musk during a meeting that China's EV market has broad prospects for development, according to a ministry statement. Tesla opened the first wholly foreign-owned auto factory in China in 2019 after Beijing eased ownership restrictio

Elon Musk begins second day of China visit after emphasizing ties

Tesla wants to pursue a deal similar to one that Ford Motor Co. announced in February with CATL to construct a plant wholly owned by the US automaker

Twitter now worth just 33% of Elon Musk's purchase price, says Fidelity

Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity

Musk meets China's Qin Gang, calls for mutual respect in US-China relations

China's foreign minister met Tesla Ltd. CEO Elon Musk on Tuesday and said strained U.S.-Chinese relations require mutual respect, while delivering a message of reassurance that foreign companies are welcome. U.S.-Chinese relations are especially tense after Washington shot down a Chinese balloon believed to be gathering intelligence and warned Beijing against supplying arms to Russia for its war against Ukraine. The Wall Street Journal reported China has rejected a request for its defense minister to meet the U.S. defense secretary when both are in Singapore this weekend. We need to keep the steering wheel in the right direction of mutual respect, peaceful coexistence and win-win cooperation, Qin Gang told Musk, according to a ministry statement. The two sides should avoid dangerous driving,' Qin said. He gave no details of steps to improve relations. Musk's visit comes at a time when the ruling Communist Party is trying to revive investor interest in China's slowing economy. Fore

US ends probe into Tesla for allowing video games in vehicles while moving

U.S. highway safety regulators have closed an investigation into Tesla allowing video games to be played on centre touch screens while vehicles are moving. The National Highway Traffic Safety Administration says in documents posted Tuesday that Tesla disabled the feature called passenger play with an online software update in December of 2021, under pressure from the agency. The agency said in documents that removing passenger play resolved its concerns about distracted driving that could be caused by the feature. The software update covered more than 580,000 vehicles from the 2017 through 2022 model years. One month after software update went out, Tesla reported that 97% of the vehicles had received it. The agency said it opened the investigation in December of 2021 after getting a complaint from a Tesla owner that games could be played by the driver while the vehicles are moving. The investigation was opened to assess the driver distraction potential. It says in documents that

Twitter approved 83% of govt requests over content globally under Musk

In April, Musk said that by a free speech,' he simply means that which matches the law

Twitter leaves EU code of practice against disinformation, regulators warn

Elon Musk-run Twitter has withdrawn from the European Union's Code of Practice on online disinformation -- a move which has not gone well with the regulators

Twitter Spaces team cut down to 'roughly three' employees from 100

Outgoing Twitter CEO, however, said that the technical "fiasco" was actually the "top story on earth" and he welcomes all US Presidential candidates to do so on his platform

Big Tech firms can sack more employees to boost productivity: Elon Musk

He said that Twitter was in a situation where you'd have a meeting of 10 people and "one person with an accelerator and nine with a set of brakes"

Twitter has dumped bloc's code of practice on disinformation: EU official

Twitter has dropped out of a voluntary European Union agreement to combat online disinformation, a top EU official said Friday. European Commissioner Thierry Breton tweeted that Twitter had pulled out of the EU's disinformation code of practice that other major social media platforms have pledged to support. But he added that Twitter's obligation remained, referring to the EU's tough new digital rules taking effect in August. You can run but you can't hide, Breton said. San Francisco-based Twitter responded with an automated reply, as it does to most press inquiries, and did not comment. The decision to abandon the commitment to fighting false information appears to be the latest move by billionaire owner Elon Musk to loosen the reins on the social media company after he bought it last year. He has rolled back previous anti-misinformation rules, and has thrown its verification system and content-moderation policies into chaos as he pursues his goal of turning Twitter into a digital

Elon Musk's Neuralink says it has US FDA approval for human trials

Neuralink isn't the first brain-computer interface company to enter human trials, and the field has become competitive since the company's founding

Florida Governor to kick off 2024 US Prez polls bid on Twitter with Musk

The Twitter Spaces conversation between Musk and De Santish will take place at 6 p.m. on Wednesday and will be moderated by David Sacks -- a tech entrepreneur and major political donor

Elon Musk signals Twitter's headquarters may not stay in San Francisco

Twitter might not keep its headquarters in San Francisco forever, its owner Elon Musk signaled Tuesday. Speaking virtually at the Wall Street Journal's CEO Council Summit in London, Musk gave a noncommittal answer to an interviewer's question about whether the company will stay in the California city. San Francisco officials announced last week they are investigating Twitter after six former employees alleged that Musk's team broke laws by turning the company's headquarters into a Twitter Hotel. The idea was to create sleeping quarters for workers who were pushed to stay up late working on the social media platform after Musk fired or laid off nearly 80% of Twitter's employee base. The San Francisco Department of Building Inspection said it will be conducting an investigation into the new allegations. The former Twitter employees allege that Musk's team ordered numerous changes to the company's headquarters in a 1930s Art Deco building in downtown San Francisco that violated buildi

Tesla to pick location for new factory by year end, says Elon Musk

(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year.