Elon Musk News

Chinese investors are funneling tens of millions of dollars into private companies controlled by billionaire Elon Musk, using an arrangement that shields their identities from public view, the Financial Times reported on Sunday. The investments are being placed through special-purpose vehicles to avoid the ire of U.S authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions. Three Chinese-backed asset managers told the Financial Times that they had sold more than $30 million of shares in SpaceX, xAI and Neuralink, three Musk-controlled private technology companies, to investors over the past two years.

Elon Musk and make handsome profits without irking Donald Trump, reports say. Wealthy investors from China are channeling tens of millions of dollars into private enterprises under billionaire Elon Musk's control, through a strategy that keeps their identities concealed, Reuters reported on March 9 citing the Financial Times. This influx of capital is being funneled through special-purpose vehicles to circumvent the scrutiny of U.S. authorities and companies that are cautious about Chinese investment amid strained relations between the two nations, according to asset managers and investors involved in these deals.

Elon Musk is a tech billionaire, entrepreneur and an innovator and has been dominating the headlines recently due to his involvement in various important projects, influence in technology and space exploration missions. Musk, the richest man in the world, currently has a fortune of about $330 billion, a significant 24% decrease from the start of the year, according to the Bloomberg Billionaires Index. The boss of X (formerly Twitter), Tesla, SpaceX, Neuralink and The Boring Company Elon Musk has used his platform to make his views known on a vast array of topics. Musk is US President Donald Trump's choice to lead Department of Government Efficiency (DOGE), a new advisory body to cut US government jobs and other federal spending.

Tech billionaire and advisor to former US President Donald Trump, Elon Musk, has hit back at critics accusing him of siding with Russia. Musk said he has previously stood up to Russian President Vladimir Putin. Replying to a user on X (formerly Twitter) on Saturday, Musk wrote, “I literally challenged Putin to one-on-one physical combat over Ukraine.” He also pointed out that his company’s Starlink satellite system is crucial for Ukraine’s military communication. “Their entire front line would collapse if I turned it off,” he said.

Marco Rubio and billionaire Elon Musk exchanged sharp words over recent staffing cuts in the federal government during a recent cabinet meeting at the White House, as per reports.

Donald Trump has firmly denied reports of a heated exchange between billionaire Elon Musk and Secretary of State Marco Rubio during a recent closed-door Cabinet meeting. Speaking to reporters, Trump claimed that the meeting was «completely harmonious» and dismissed any allegations of a confrontation. However, sources indicate that Musk and Rubio had a tense discussion regarding the operations of the Department of Government Efficiency (DOGE), which Musk leads.

Donald Trump took office, the country is already grappling with increasing challenges, as per a report.

White House Cabinet Room, it finally erupted. Elon Musk, the billionaire tech mogul and Trump’s top adviser on government efficiency, sat across from US Secretary of State Marco Rubio. The subject: deep staff cuts across the federal government. According to The New York Times, Musk had been pushing for sweeping layoffs, but Rubio wasn’t moving fast enough for his liking. “You have fired nobody,” Musk reportedly scoffed, accusing Rubio of dragging his feet. Rubio, visibly irritated, fired back. He reminded Musk that 1,500 State Department officials had taken buyouts. Then, with a jab of sarcasm, he added: “Do you want me to rehire all those people just so you can fire them again for the show?” Musk, unimpressed, dismissed Rubio’s efforts as insufficient.

Elon Musk, whose DOGE team was considered to be involved in cutting the federal workforce, is now pushing back against accusations and has claimed that DOGE is not responsible for the job eliminations, as per a report.

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Centers for Disease Control and Prevention were called back to work Tuesday — just two weeks after a round of layoffs ordered by the Trump administration, according to a report. The nation's top public health agency says about 180 employees who were laid off two weeks ago can come back to work. Emails were sent to employees on Tuesday to some Centers for Disease Control and Prevention probationary employees who got termination notices last month, according to current and former CDC employees.

The Trump administration's purge of federal staff may flood an unemployment benefits system ill-equipped to handle the deluge, triggering delays in aid for jobless workers, according to a new report.

government shutdown during President Donald Trump’s first 100 days in office, a critical period for any new administration. Democrats see this as a test of how far they are willing to go to push back against Trump’s policies, according to a CNN report.

White House Crypto Summit on March 7. Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday. Crypto has enjoyed a renewed momentum following his return to the White House in November. The US crypto community rallied behind Trump's campaign, contributing millions of dollars towards his victory over Joe Biden, whose administration tightened regulations and expressed skepticism toward digital currencies. Now, they're seeing their support pay dividends. Trump has waded into the space personally as well, partnering with exchange platform World Liberty Financial and launching his own «Trump» memecoin in January as his wife Melania did the same — moves that have prompted conflict of interest accusations.

And for the second time in 25 years, as oversized maple leaf flag ripples on a screen behind him, Jeff Douglas, from Truro, N.S, approaches the microphone and delivers the same message: Canada will not cower to the United States. Jeff Douglas, from Truro, N.S., became a national sensation after starring as flannel-wearing Joe Canadian in Molson Canadian's 2000 ad «The Rant,» which was a huge success for the beer company and popularized the slogan, "I am Canadian!", reported CBC News. He appeared in a highly popular ad for Molson Canadian beer over two decades ago and became a national sensation.

Elon Musk has called for the privatisation of the United States Postal Service (USPS). He argued that government-run entities should face market competition to drive efficiency. The proposal was made during a Morgan Stanley technology conference in San Francisco. His stand aligns with that of President Donald Trump’s on the matter.

Elon Musk's electric car maker Tesla, which has been actively exploring opportunities to enter the Indian market, is opening a showroom in Mumbai’s upscale business district Bandra Kurla Complex (BKC) to sell its imported cars. Tesla has plans to set up a manufacturing plant in Maharashtra. The most popular electric car brand in the world has long been seen as a heavyweight which will disrupt Indian's nascent electric vehicle (EV) market. But Indian automaker don't seem to be scared of Musk's India venture. JSW Group Chairman Sajjan Jindal has doubted Musk’s ability to crack the Indian market, asserting that local giants Tata Motors and Mahindra & Mahindra are now deeply entrenched. JSW Group has a JV with China's SAIC Motor, JSW MG Motor India Pvt. Ltd, which sells EVs such as MG Comet EV, MG ZS EV, MG Windsor EV, MG 4 EV, and MG M9 EV. It is planning to launch several new EV models in 2025, including the Cyberster, an electric sports car. India's EV sales are merely 2.5% of the total passenger vehicle sales. Can Indian EV makers take on the world's biggest EV brand while they are still in their infancy?

DOGE administrator Elon Musk recently took to X to ridicule a group of Democratic Senators for featuring in, and sharing, near-identical videos to blame President Donald Trump for a rise in inflation. The posts were shared after Trump’s address to the Congress. The video montages, which open with the same footage of Trump promising to «bring prices down starting on day one», were shared by at least 22 Democratic lawmakers. The clips show the politicians criticising Trump’s policies and claiming that inflation has risen instead of going down in his term.

Subscribe to enjoy similar stories. What do Sam Altman and David Sacks have in common? Certainly not politics. Mr Altman, co-founder of OpenAI, is part of the transition team of Daniel Lurie, the Democratic mayor-elect of San Francisco.

Subscribe to enjoy similar stories. What do Rachel Reeves, Javier Milei and Elon Musk have in common? All are preaching the gospel of austerity as a necessary cure for what ails their respective economies. Hence, Reeves, the UK’s Chancellor of the Exchequer, has tightened rules for government spending and investment, despite the fact that fiscal constriction has been a major cause of the country’s problems over the past 15 years.

Donald Trump hailed the creation of Department of Government Efficiency, popularly referred to as "Doge," a new agency aimed at reducing government waste. Speaking at the US Capitol, Trump stressed that his administration is «ending the flagrant waste of taxpayer dollars» with the formation of the Elon Musk-led agency. Trump took a moment to spotlight his billionaire ally and tech entrepreneur Elon Musk, who was present in the audience wearing a sharp suit and a blue tie.