Elon Musk News

Tesla chief and tech magnate Elon Musk on Sunday publicly criticized Brazilian judge Alexandre De Moraes, demanding his resignation. Musk's statement comes amidst mounting tensions between the Brazilian government and social media platforms over issues of censorship and freedom of expression.

X Corp, formerly Twitter, has been «forced by court decisions» to block certain popular accounts in Brazil and is prohibited from giving details of the order, the company said on Saturday. X owner Elon Musk said in a post on the platform, that this order could lead to a total loss of revenue and shut down of the offices in Brazil, promising that he would legally challenge it where possible.

Elon Musk revealed Friday that Tesla will pull back the curtain on a robotaxi this summer, news that comes as the adoption of self-driving vehicles hits speed bumps over safety concerns. The billionaire boss of the electric car maker did not provide details, saying only in his post on X that the "Tesla Robotaxi unveil" will come on August 8.

Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Musk, who ranked first on the Bloomberg Billionaires Index as recently as early March, fell to fourth after Reuters reported Tesla Inc. had canceled plans for a less-expensive car, sending shares lower. However, Musk denied the report. That followed news earlier in the week that Tesla’s vehicle deliveries fell in the three months through March, their first year-over-year decline since the early days of the Covid pandemic.

Robotaxi on August 8, CEO Elon Musk announced in a social media post on his site X (formerly known as Twitter). This comes as Tesla registers weak sales amid competition from affordable Chinese electric vehicles (EVs), Bloomberg reported. Following the announcement, Tesla's shares surged by up to 5.1 percent in postmarket trading in New York.

Bernard Arnault, the renowned chairman and CEO of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SA, has once again secured the top spot on Forbes' World's Billionaires list for the second consecutive year. With an estimated fortune of $233 billion, Arnault maintains a substantial lead of $38 billion over his closest competitor, Elon Musk. This impressive increase in wealth is attributed to another exceptional year for LVMH, which reported a net profit of $16.5 billion on revenues of $94 billion in 2023. Arnault's Remarkable Journey to the Top

With the launch of a much-hyped and against-the-odds electric car, Lei Jun, Xiaomi's co-founder and CEO, is taking on Elon Musk with a strategy that takes a page from Tesla's playbook. Lei, 54, took the stage in Beijing on Thursday to unveil Xiaomi's SU7 car, a project three years in the making that has attracted a lot of attention but which, Lei has warned investors, will lose money.

Elon Musk, the visionary CEO of Tesla and SpaceX. Musk's remark highlighted the stark contrast between the glamorised portrayal of lone inventors having eureka moments in garages and the often-overlooked complexities of large-scale manufacturing.

As the Dogecoin (DOGE) price pumps to fresh highs for the year above $0.20 per token, profit-taking members of the Dogecoin community are targeting a new green AI ICO in the search for 100x gains in 2024.

A 420-meter or quarter-mile white steel tube running alongside a railway line in the windswept northern Netherlands could usher in a new era in the transportation of people and freight

BYD and Tesla, the world’s top two electric-vehicle makers, have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big. It takes a lot of faith in chief executive Elon Musk’s promise of autonomy to rationalize the difference.

Sanjeev Sanyal, an economist and advisor to Prime Minister Narendra Modi, has ignited a debate by suggesting that preparing for the UPSC exam might be an inefficient use of time unless someone is genuinely interested in administrative roles. Instead, he argues that India needs more entrepreneurs aiming to become billionaires like Elon Musk or Mukesh Ambani. He suggests that the energy spent on preparing for the UPSC could be better utilized in fields such as sports, entertainment, medicine, entrepreneurship, or science. Sanjeev Sanyal, a member of the Economic Advisory Council to the Prime Minister (EAC-PM), expressed his views during "The Neon Show" podcast hosted by Siddhartha Ahluwalia. He advocates for a shift in mindset among young people. He argues that too many young individuals are investing their prime years preparing for the UPSC exam, which he believes yields limited benefits given the small number of positions available. “I'm not saying you don't want people to take the exam. Yes, every country needs a bureaucracy, that's perfectly fine. But I think lakhs of people are spending their best years trying to crack an exam where a tiny number of a few 1000 people actually are going to get it makes no sense,” he said.

Canadian and Ontario governments' COVID lockdown efforts and vaccination mandates on X. Her outspoken stance drew harassment from legacy media, censorship from prior Twitter management, and investigations by the College of Physicians and Surgeons of Ontario (CPSO), resulting in "cautions" being placed on her permanent public record. The legal battles drained Gill's life savings, leaving her with a staggering $300,000 court judgment due on Monday.

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Dogecoin and Shiba Inu, leading the pack, boast market caps of approximately $22 billion and $16 billion, respectively, making them some of the most valuable projects in the crypto sphere. Amidst this frenzy, Solana has emerged as a key player with its vibrant ecosystem of meme coins, likened by many to a digital asset casino.

By John Kruzel

Meme coin FLOKI appears to have rebounded from a March 19 bottom of $0.000165 as it trades today at $0.000225, a hefty appreciation of about 36%, according to figures taken from CoinGecko. 

Apple co-founder Steve Wozniak won his lawsuit against social media giant YouTube for the unintended use of his image in videos promoting a Bitcoin scam in 2020.

You’d be hard pressed to find two meme coins posting more opposite performances than FLOKI and SPONGE right now. FLOKI is down bad after falling 18% in the last 24 hours to change hands at $0.0001736 as of this writing, lunchtime UTC.

artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia. The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics and sound generation. All told, the universe of AI-themed ETFs traded in the United States has soared to $6.88 billion as of the end of February from $2.55 billion a year earlier, Morningstar data showed.

By Suzanne McGee