Elon Financial News

Elon Musk’s fortune slumped by $16.1 billion Thursday after Tesla Inc.’s weak third-quarter earnings weighed on shares.

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Gerber Kawasaki CEO Ross Gerber has the latest on the company's earnings on The Claman Countdown.

In the application, the SEC outlines its ongoing investigation into Elon Musk's 2022 acquisition of Twitter shares, as well as his subsequent statements and filings with the Commission. The SEC initially served Musk with a subpoena in May 2023, requiring him to appear for investigative testimony at the SEC's San Francisco Regional Office on September 15, 2023. While Musk initially agreed to comply, he later reversed his decision and refused, citing various objections.

Elon Musk, Mark Cuban and others have collaboratively submitted a shared amicus brief to the Supreme Court of the United States to raise concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to conducting internal proceedings without the inclusion of juries.

In its latest earnings report, Tesla revealed that it did not change its Bitcoin holdings for the fifth consecutive quarter. 

Sundar Pichai had warned Google about ‘bad optics’ of Apple search partnership: ‘Have Yahoo as a choice’ The report while noting DeepMind CEO's contribution said, “Hassabis, known for his dual expertise as an AI researcher and neuroscientist, has enriched his public discourses with a unique blend of knowledge." Hassabis topped the rankings with a score of 87.33, followed by Blackstone CEO Stephen Schwarzman with a score of 74.33 and Berkshire Hathaway CEO Warren E Buffett with a score of 74. Notably, the report finds former Amazon CEO Jeff Bezos (5th sport, score of 71) and Meta platforms CEO Mark Zuckerberg (8th spot, score of 69.67) to be smarter than the world's richest man, Elon Musk who has been ranked on the 16th spot with a score of 64.33.

reports. The deal positions Qatar Airways as the biggest airline partner to Elon Musk's Starlink.

Elon Musk's X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X — formerly known as Twitter — of violating the federal law that prohibits punishing employees for communicating and organizing with others about their working conditions.

X Corp (formerly Twitter) banned a record 5,57,764 accounts in India between August 26 and September 25, mostly for promoting child sexual exploitation and non-consensual nudity. The micro-blogging platform, going through a churning under Musk who has recently appointed a new X CEO Linda Yaccarino, also took down 1,675 accounts for promoting terrorism on its platform in the country.

By Chris Prentice

X users now see «unlabeled ads in their feeds» while scrolling. When users tap on those ads they take them to third-party websites, with no way to block or report them.

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X (formerly Twitter) executive chair and chief technical officer Elon Musk has faced criticism for the suspension of an XRP-related account.

X, formerly Twitter, has made another step toward becoming an “everything app” after Elon Musk tested out video game streaming on the platform.

Amazon launched two satellites on Friday. The satellites lifted off from Cape Canaveral in Florida at 2:06 pm local time (6:06 pm GMT).

By Tom Hals

Elon Musk, the world's richest man, is being sued by the U.S. Securities and Exchange Commission, which is trying to compel him to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a Thursday court filing showed. The investigation, which escalates a long-running feud between the SEC and Musk, concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which Musk renamed X, as well as statements and SEC filings he made in relation to the deal.

X has stripped headlines from news articles shared by users, in a move likely to further worsen relations with media groups. The tycoon has long railed against the "legacy media" and claims X, formerly Twitter, is a better source of information.

Elon Musk to charge ‘small’ monthly payment from X users to combat bots, falling revenue According to a Bloomberg report, the new three-tiered subscription plan will the social media giant generate more revenue from users who would not have been likely to pay the full price of the premium subscription. Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! More recently, Elon Musk had hinted in a conversation with Israeli Prime Minister Benjamin Netanyahu that X will start charging a small monthly payment from all users in order to eliminate the problem of bots.

Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission hours after the regulator sued Musk alleging he failed to testify in its probe relating to his $44 billion Twitter (now X) purchase last October.