Elon Musk News

₹41 lakh) to a romance scam after being deceived by a deepfake video featuring Tesla CEO Elon Musk, according to local media reports. According to a report by KBS, Jeong Ji-sun felt like "a dream come true" when she began chatting with someone on Instagram who claimed to be Musk. “I experienced something like a dream last year," she told the broadcaster.

In the most recent meme coin pump, attention has returned to ERC-20 tokens as the Elon Musk-inspired coin, ELON, saw its price skyrocket by an astounding 229x overnight.

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles

Tesla knocked $2,000 off the prices of three of its five models in the U.S.

Tech billionaire Elon Musk has accused Australia of censorship after an Australian judge ruled that his social media platform X must block users worldwide from accessing video of a bishop being stabbed in a Sydney church

Spacetech startup Dhruva Space has raised $9.4 million (Rs 78 crore) in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round. The capital infusion, of which Rs 44 crore was in debt, will help the Hyderabad-based startup set up its first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city, founder and CEO Sanjay Nekkanti told ET.

That's the latest evidence of the challenges facing the electric vehicle maker.

Tesla knocked USD 2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the US, and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same. The cuts reduced the starting price for a Model Y to USD 42,990 and to USD 72,990 for a Model S and USD 77,990 for a Model X.

Elon Musk on Saturday said the electric-vehicle (EV) maker may make Full Self-Driving (FSD) available to customers in China very soon. Musk said «It may be possible very soon» while replying to an X post by a user asking when the EV maker would launch FSD in China.

Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well. She was responding to a query on American tech billionaire Elon Musk postponing his meeting with Prime Minister Narendra Modi. «Policies have been made to attract investments. We want manufacturers and investors to come and produce not just for India but also for exports. We will try to attract manufacturers and investors through policies,» she told reporters. Tesla CEO Musk on Saturday said his visit to India has been delayed due to the company's heavy obligations.

Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress.

Tesla is recalling more than 3,000 of its 2024 Cybertrucks because of the possibility that a pedal can get stuck and cause the vehicle to accelerate unintentionally, increasing the risk of a crash

Iran activated 's air defenses across multiple locations after loud explosions were heard near an airport and military base in the city of Isfahan, according to Iranian state media reports. The blasts come just days after Iran allegedly launched over 300 drones and missiles at targets in Israel last Saturday, prompting the Israeli military to launch a bombing campaign against Gaza.

A U.S. congressional committee has released confidential Brazilian court orders to suspend accounts on the social media platform X

Nirmala Sitharaman said challenges to the Indian economy may be mounting and the country will have to be ready to respond with the kind of agility that it did after the Covid-19 pandemic and soon after the Russia-Ukraine war started. The authorities are keeping a watch and the chief economic adviser is looking at various indications of what could be coming, she said in an interview. Tesla chief Elon Musk's impending visit to meet Prime Minister Narendra Modi is a recognition of the high-tech manufacturing ecosystem that's been established in India by top companies, she said. Sitharaman said everything in the BJP's manifesto is clearly worked out with a sense of responsibility that taxpayers' money should be used efficiently.

Foreign Exchange Management (Non-Debt Instruments) Rules. The new rules, based on the Cabinet decision in February on the relaxed FDI caps, came into effect from April 16, according to a gazette notification by the ministry. The rules, coming just days ahead of Tesla chief Elon Musk's India visit, are aimed at drawing a larger number of foreign investors into the Indian space sector. Musk is reportedly planning to announce investments of $2-3 billion, mainly in the EV segment, and meet Indian space players as well during his India visit starting April 21. As per the new rules, up to 100% FDI is allowed in the space sector. However, up to 74% FDI is permitted under the automatic route in satellite manufacturing and operation, satellite data products and ground and user segment. Beyond 74%, FDI in these activities requires government approval.

Agnikul Cosmos, Bellatrix Aerospace, Skyroot Aerospace, Dhruva Space, Pixxel, SatSure and Digantara to meet Tesla and SpaceX chief Elon Musk in New Delhi on Monday. A group of startup executives and Indian Space Research Organisation (ISRO) officials visited SpaceX’s facilities in Hawthorne, California, last month as a part of the US Department of State's International Visitor Leadership Programme.

Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, two sources familiar with the discussions said. Musk will meet Modi on Monday during his India trip, when the billionaire is expected to unveil his plans to enter the world's third-largest auto market where electric car adoption is still in its infancy. India's EV market is small but growing and dominated by local carmaker Tata Motors. EVs made up just 2% of total car sales in 2023, but the government is targeting 30% of new cars to be EVs starting 2030.

Indian Space Association, Lt Gen Anil Kumar Bhatt (Retd), extended a warm welcome to Tesla CEO Elon Musk's forthcoming visit to India. Lt Gen Bhatt emphasized the potential for enhanced collaboration between Indian space entities and Musk's ventures, foreseeing a transformative impact on India's space ecosystem. In an exclusive conversation with ANI on Wednesday, Lt Gen AK Bhatt (Retd) highlighted Elon Musk's pioneering contributions to the domain of space technology, particularly through his companies such as SpaceX.

Lok Sabha Elections 2024: Social media platform X on April 16 said that it had restrained certain posts in India featuring political content from elected officials, political parties, and candidates for office following directives from the country's Election Commission, Reuters reported. X (formerly known as Twitter), owned by Elon Musk, expressed disagreement with the orders issued by the election commission.

Elon Musk's satellite venture Starlink is under process, and the government is examining the security aspects, according to sources. The FDI and financial aspects are in sync with the requirements and conditions, sources said, adding that the ownership 'declaration' has also been received from Starlink.