Elon Financial News

21.07 / 01:07

Lowe's NASDAQ Gap Oracle Tesla elon Elon Musk’s wealth slumps $20.3 billion as Tesla shares tumble; narrows gap between world’s two richest people

Elon Musk’s wealth slumped $20.3 billion on Thursday after Tesla Inc. warned that it may have to keep cutting the prices of its electric vehicles, sending its shares tumbling. This drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index.

20.07 / 13:15

Lowe's Target Reuters Microsoft Software Tesla Future elon Elon Musk ready to deepen EV price war as Tesla bets on self-driving future

Elon Musk is making a calculated bet: sacrifice margins now for better ones later when full self-driving software is completely integrated into Tesla cars. It's a plan that could intensify the electric-vehicle price war. Shares of the automaker fell 4% before the bell on Thursday after Musk signaled no end in sight for price cuts that have already sent gross margins to a four-year low.

20.07 / 09:59

Lowe's Reuters CEO Strategy Software Tesla elon Elon Musk hints at more Tesla price cuts, with autonomy still tricky

Elon Musk's elusive goal of creating self-driving software is driving the Tesla CEO to prioritize sales over profits, a strategy that could deepen a price war — and investor concern. Shares of the automaker fell 3.5% in premarket trading on Thursday after Musk signaled there might not be any let-up in cuts that have already sent gross margins to a four-year low. «The short-term variances in gross margin and profitability really are minor relative to the long-term picture.

20.07 / 04:29

Strategy Tesla NVIDIA elon Elon Musk's Tesla will spend over $1 billion dollars on Dojo Supercomputer. Here's why

The Verge, Tesla already owns a large Nvidia GPU-based supercomputer which is considered one of the most powerful in the world. However, the new Dojo supercomputer is being built using chips designed by Tesla.

19.07 / 21:37

Dogecoin Doge Price Prediction elon Dogecoin Price Prediction as DOGE Jumps 5% in Minutes After Musk Tweet – Is the Elon Effect Weakening?

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.

19.07 / 10:35

information elon Bounty of $670 Placed on Information about Elon Musk's Crypto Wallet – Here's the Latest

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

19.07 / 03:35

Twitter CEO Platform Meta Ceo elon Twitter Vs Threads: Elon Musk sends a coded message to Mark Zuckerberg; Here's what it is

Zuckerberg and burger chain Wendys on the Threads app, Musk replied: "Zuck is a cuck. The burger chain had asked the Meta CEO to go into space to make Musk really angry, and Zuckerberg had responded with a laughing emoji.

18.07 / 12:47

Twitter Extreme Platform elon Why did Elon Musk cap the number of Twitter posts you can read? | Mint Primer | Mint

Elon Musk Has Stumped Twitter Users Once Again Wit... moreElon Musk Has Stumped Twitter Users Once Again With His Move To Limit The Number Of Posts Users Can Read On The Platform.

18.07 / 08:27

UPS Twitter CEO elon Meta's Threads goes the Twitter way, imposes rate limit on posts, Elon Musk says..

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.

18.07 / 01:45

Twitter Google Align elon Elon Musk explains why xAI will be more trustworthy than OpenAI, Google

Elon Musk has explained why his new AI company xAI is better than other companies in the area of artificial intelligence namely, Google and OpenAI. Musk had recently announced his new AI company in a bid to ‘understand the true nature of the universe’. Musk has been critical of OpenAI, a company he helped co-found in 2015.

17.07 / 16:33

business Technology Opinion Machine Learning Tech AI startup elon Elon Musk’s new AI startup is as ambitious as it is doomed

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.

17.07 / 02:29

UPS Provident Man Matthews Tesla elon Elon Musk is ‘one of the top risks’ for Tesla: Investors blame world's richest man for being distracted

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.

16.07 / 21:33

Twitter CEO Exodus Comcast ad elon Twitter's cash flow still negative as ad revenue, Elon Musk says

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.

16.07 / 15:01

Provident Twitter Digital Waters Doge elon AI-generated image showcases 'good ending' pics of Elon Musk and Mark Zuckerberg amidst rivalry

Elon Musk and Mark Zuckerberg have been making headlines due to their ongoing rivalry, but amidst the tension, a surprising turn of events occurred on social media. An AI-generated picture collage depicting a harmonious encounter between the two tech titans has gone viral, capturing the attention and amusement of netizens. Shared by a Twitter user known as Sir Doge of the Coin, the images depict Musk and Zuckerberg in a casual setting, reminiscent of a couple on a beach holiday.

15.07 / 18:03

UPS Reuters Ford Tesla elon After 2 years of delays, Elon Musk-led Tesla builds first Cybertruck

Elon Musk founded Tesla has built its first Cybertruck at the electric-vehicle marker's plant in Texas' Austin, Reuters reported the firm as saying on 15 July. Musk introduced the pickup truck in 2019, where the vehicle's designer cracked the vehicle's supposedly unbreakable 'armor glass' windows.

15.07 / 18:03

Twitter Reuters CEO Platform Comcast elon Elon Musk says Twitter cash flow still negative because…

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.

15.07 / 17:19

Twitter CEO Exodus Comcast ad elon Elon Musk says Twitter's cash flow still negative as ad revenue drops 50%

By Jahnavi Nidumolu and Krystal Hu

15.07 / 14:27

Twitter CEO Exodus Comcast ad elon Elon Musk says Twitter's cash flow still negative as ad revenue drops

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.

15.07 / 11:19

UPS Twitter Man Platform Tesla SpaceX elon Did Elon Musk Really Just Go There? The Long History Behind His Bawdy Humor

The man has devoted much of his life to building giant rockets. So, perhaps, it should be no surprise that it has come to this: Elon Musk resorting to phallic barbs in his online feud with fellow billionaire Mark Zuckerberg. “I propose a literal dick measuring contest," Musk tweeted last Sunday night, topping even himself for a new level of blatant crassness.

15.07 / 07:33

UPS Twitter Platform Mobile week elon Twitter usage up by 3.5% week over week: Elon Musk

Elon Musk has shared the numbers regarding the increase in «Total User Active Seconds» on Twitter, noting that usage was up by 3.5 per cent week over the week globally. «Platform usage up 3.5 per cent week over week,» he tweeted late Friday, along with an attached image showing data on Twitter usage. According to the data he shared on the site, the majority of active users — nearly 87 per cent of people — were using the platform on mobile.

15.07 / 04:27

Twitter Microsoft Google Software Tesla elon Elon Musk says xAI will examine universe, work with Twitter and Tesla

Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to «understand the universe.» In an often meandering 90-minute long Twitter Spaces audio chat, the billionaire discussed his vision for xAI for the first time while veering into topics such as the Earth's evolution and the fragility of civilization. In seeking to deepen the understanding of the universe, Musk joked that xAI's mission statement would be «what the hell is really going on?» Musk announced the formation of xAI on Wednesday after accusing companies like OpenAI and Google of developing the technology without considering risks to humans. OpenAI and Google did not respond to request for comment.

frequently asked questions about elon

What is elon and why is it gaining attention?

Elon is a significant category that interests a wide audience. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on elon?

All new posts about elon can be found in the dedicated section. We publish information in a timely manner.

How can I verify the accuracy of information on elon?

We rely on trusted sources to ensure that the information about elon is reliable and informative for our readers.