Elon Musk News

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automakers' 1Q delivery report and its potential impact on the stock market.

DOGE has fallen by 6% in the past 24 hours, with the Dogecoin price dropping to $0.1559 as the cryptocurrency market as a whole suffers a 5% loss today.

Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automakers' 1Q delivery report and its potential impact on the stock market.

Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans.

Tech executive Elon Musk and Argentine President Javier Milei have sealed their budding bromance at a Tesla electric car factory in Texas — their first meeting after months of mutual admiration on social media

Elon Musk is clashing with a bald, athletically built Supreme Court justice in Brazil over free speech, far-right accounts and misinformation on X

electric vehicle producer in the world and, simultaneously, an also-ran in the race for EVs. How did that happen? As recently as 2016, the US had more EVs on the road than China did. Now China has raced ahead. Despite Tesla Inc.’s pioneering role in bringing electrification into the mainstream, the US EV effort is beset by angst. While sales jumped by 44% last year, that is expected to slow markedly in 2024, with signs of retreat not just in Detroit but at Tesla itself. Tesla briefly lost its crown as the world’s biggest battery EV producer in the fourth-quarter of 2023 to BYD Co. Ltd., and will likely do so again. Chief executive Elon Musk is on record saying that, absent trade barriers, Chinese manufacturers “will pretty much demolish most other car companies in the world.” Tesla’s gigantic valuation these days has more to do with visions of robotaxis rather than EV leadership, per se.

President Javier Milei of Argentina has kicked off a visit to the United States, where he'll meet with tech billionaire Elon Musk, as the libertarian leader seeks an infusion of cash to overhaul Argentina’s embattled economy

Javier Milei of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire Elon Musk, as his government seeks an infusion of cash to overhaul Argentina's embattled economy. The populist president started his four-day trip in Miami, home to one of the largest populations of Argentines in the U.S., where he received an honor from the Jewish community Wednesday at an Orthodox synagogue. Milei will meet with Musk on Friday in Texas, his spokesperson said, where he will also tour a factory for Tesla, Musk’s electric car company.

Tesla CEO Elon Musk on Wednesday confirmed his visit to India in a post on X (formerly Twitter). Musk wrote, «Looking forward to meeting with Prime Minister @NarendraModi in India!» The CEO is likely to announce the company's investment plans in the country, reported PTI, citing sources. Musk, who has described as a 'natural progression' to provide Tesla electric vehicles in India, is likely to be accompanied by other company executives during the visit that is expected in the week of April 22, as per PTI source. However, there was no confirmation about this from Musk.

SÃO PAULO—Before his weekend showdown with tech billionaire Elon Musk, Brazil’s Supreme Court judge Alexandre de Moraes had already earned a reputation as a lightning rod in Brazil’s battles over free speech. In recent years, de Moraes has slapped fines and bans on social-media companies and ordered police to investigate—and even arrest—some of the country’s most powerful conservative bloggers, businessmen and politicians over what he deemed offensive online posts.

Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential. Modi's office and Tesla did not respond to a request for comment. Musk's final India trip agenda could still change.

The great thing about X, the rebranded Twitter owned by Elon Musk, is its frictionless capacity for escalation. Let’s back up to several hours before that post on what was a bizarre Friday even by the standards of Tesla and its chief executive officer. Late that morning, a Reuters story, citing several unnamed sources and internal messages, reported that Tesla has scrapped plans for a cheaper electric vehicle (EV) dubbed ‘Model 2.’ Tesla’s stock dropped by more than 5% in short order.

Fake Elon Musk YouTube streams supposedly promoting crypto schemes aren’t new. On Monday, total solar eclipse, that dazzled millions in the US, was allegedly livestreamed by a fake SpaceX YouTube channel.

Tesla has decided not to pursue their Model 2, their low-end car because they don’t think they can compete with the low-end Chinese cars," Eberhard said in an interview with Bloomberg TV at the summit. “I think that’s a shame, they might want to rethink that.

Monday, April 8th, 2024 – New crypto presale Dogeverse ($DOGEVERSE) has raised $254,000 within minutes of launch, indicating it could be the next meme coin to explode on the scene.

Tesla CEO Elon Musk on Monday predicted development of artificial intelligence that was smarter than the smartest human probably by next year, or by 2026. In a wide-ranging interview on X spaces that suffered multiple technology glitches, Musk also told Norway wealth fund CEO Nicolai Tangen that AI was constrained by the availability of electricity and that the next version of Grok, the AI chatbot from his xAI startup, was expected to be trained by May.

As the presidential election draws nearer, the spread of bogus information online is getting a huge boost from social media accounts that have been created anonymously

Global bonds dropped and stocks posted mostly small moves as traders pared their expectations for interest-rate cuts in the face of resilient readings on the US economy.

Elon Musk on Sunday called for the resignation or removal of a Brazilian Supreme Court justice whom the billionaire entrepreneur accused of censorship for blocking accounts suspected of spreading disinformation. «This judge has brazenly and repeatedly betrayed the constitution and people of Brazil. He should resign or be impeached,» Tesla and SpaceX boss Musk said of Alexandre de Moraes.