Elon Musk News

For the fourth quarter in a row, Tesla hasn’t sold or added to its digital asset holdings with the electric vehicle manufacturer continuing to hold $184 million worth of its remaining Bitcoin (BTC).

First Solar of the US will invest «billions of dollars» for solar panel production in India that will not source materials from China, US energy secretary Jennifer Granholm told ET. She also indicated that Tesla is in discussions for investing in India. «India brings in the notion of scale, and the US' contribution is laboratories and efforts we are making to incentivise production.

Dogecoin (DOGE) is trading around 3.5% higher in the past 24 hours, outperforming the likes of bitcoin (BTC) and ether (ETH), both of which are trading broadly flat.

Compass, Meridian, Grand Cherokee, and Wrangler models in the premium and super premium segment, is also considering introducing the 4Xe, Jeep's electrified brand, to India. Under the leadership of Aditya Jairaj who took charge as the deputy managing director of Stellantis Group in India and head-Jeep brand operations in May, the carmaker has launched a consumer scheme that is aimed at bringing down the initial purchase ownership cost. As part of making the price-to-value more attractive, it has discontinued the entry level variants of the Meridian—its three row SUV to re-align it with the market demand for higher trim variants. Additionally, it's looking to step up the brand and marketing spends in the world's fifth largest auto market as it seeks to get back to a position where it was two years ago. The exhead of EV strategy and transformation at Nissan Motor is also preparing the ground for launch of electrified models. “4Xe is the new 4X4. We are evaluating it for the Indian market, and we will bring it when the time is right,” Jairaj told ET.

The Biden administration is proposing new guidelines for corporate mergers, taking steps to disclose junk fees charged by landlords and launching a crackdown on price-gouging in the food industry

Someone has placed a $670 bounty on obtaining information about Elon Musk's crypto wallet. 

Patrick Collison, the now 34-year-old billionaire CEO of the online payments company Stripe, and economist Tyler Cowen worried scientific progress seemed to be slowing down

Former Twitter employees in Ghana, who were laid off in November, have been left without severance pay and have not heard from the company for three months, sources told CNBC.

Threads has announced imposing a rate limit to the posts in order to ward off spam accounts. The announcement by Instagram CEO has drawn a sharp reaction from Twitter CEO Elon Musk who has criticized Meta's latest social media offering from day one.

Mark Zuckerberg’s Twitter alternative, Instagram Threads, has been forced to implement rate limits in response to a growing number of reports citing spam attacks and crypto-shilling bots.

Almost nothing is known about Elon Musk’s latest endeavor, an artificial intelligence startup named xAI. But “almost nothing” is still something. And we can glean a lot from what little we do know.

Elon Musk, the world's richest man, appears to be preoccupied with a range of high-profile ventures, including social media, space travel and artificial intelligence (AI). This conclusion is drawn from the insights provided by respondents in the recent Markets Live Pulse survey.

Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June. "Need to reach positive cash flow before we have the luxury of anything else," Musk said in a tweet replying to suggestions on recapitalization.

Tesla says its first production Cybertruck electric pickup has rolled off the assembly line, nearly two years behind the original schedule. The company tweeted a photo on Saturday showing scores of workers in helmets and yellow vests surrounding the truck. «First Cybertruck built at Giga Texas!» Tesla tweeted, including a cowboy hat-wearing emoji.

Optus has been on a tear. First, the telecommunications company spoiled Telstra’s plan to boost its coverage in the bush with airspace from TPG Telecom by convincing the Australian Competition Tribunal it would be bad for the marketplace.

Zuckerberg sent a request to Dorsey on Threads, the latter shared a screenshot on Twitter and captioned it, "too soon b". Threads, which has seen over 150 million downloads, has challenged Twitter severely — which has struggled since it was taken private by Elon Musk.

Tesla built its first Cybertruck at the electric-vehicle marker's plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays. Tesla founder Elon Musk introduced the pickup truck in a 2019 reveal where the vehicle's designer cracked the vehicle's supposedly unbreakable «armor glass» windows.

recapitalization, Elon Musk said "Need to reach positive cash flow before we have the luxury of anything else." During an interview with BBC in April, Elon Musk expected the advertising revenue will recover fast as the advertisers were returning to the social media platform. Following the termination of numerous employees and the reduction of expenses related to cloud services, Musk stated that the company had decreased its non-debt spending to $1.5 billion, a significant reduction from the initially anticipated $4.5 billion for 2023.

By Jahnavi Nidumolu and Krystal Hu

(Reuters) — Tesla (NASDAQ:TSLA) built its first Cybertruck at the electric-vehicle marker's plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays.

Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. «Need to reach positive cash flow before we have the luxury of anything else,» Musk said in a tweet early on Saturday.