Elon Financial News

The U.S. Securities and Exchange Commission said its account on social network X was “compromised,” leading to a spike in the price of Bitcoin and raising fresh questions about X’s reliability as a source of information and the strength of its security practices.

home to a slew of electric vehicle (EV) manufacturers, and that the state's industrial landscape and robust infrastructure were among other draws that can entice a company like Tesla. Follow Vibrant Gujarat Summit LIVE Updates here "…So as far as Tesla is concerned, the government of Gujarat will be more than happy to facilitate them in case if they decide to come to the state," Gupta was quoted by PTI as saying.

Elon Musk will visit Gujarat, a senior government official on Wednesday said the billionaire-founder of Tesla is not coming for the ongoing Vibrant Gujarat Global Summit, but they are welcome to invest in the state. The state is very keen to get Tesla if it comes to India, Managing Director of Gujarat Industrial Development Corporation Rahul Gupta said. He also said the state is already home to a slew of electric vehicle manufacturers.

Elon Musk's drug use has worried executives and board members at businesses he runs, the Wall Street Journal reported, citing unidentified people familiar with the billionaire and the companies. Musk has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties, the Journal said, citing unnamed witnesses and others with knowledge of the matter.

By Daniel Wiessner

His current business, X (previously known as Twitter), is expanding into new regions with the projected debut of in-app payment services by the middle of 2024. Elon Musk, the brilliant mind behind firms such as SpaceX and Tesla, is pushing his latest endeavour into new territory. This action is considered to be a component of Musk's master plan to convert X into a «everything app,» a notion that has garnered a great deal of attention and discussion because of its potential.

A U.S. labor agency has accused SpaceX of unlawfully firing employees who penned an open letter critical of CEO Elon Musk and creating an impression that worker activities were under surveillance by the rocket ship company

By Daniel Wiessner

Stock market today: Vodafone Idea share price tumbled after the telecom company rebutted media reports about any possible tie-up with Elon Musk's Starlink. Vodafone Idea share price touched its intraday low of ₹15.95 apiece on NSE, losing around 5 per cent against its Monday close of ₹17 per share. Vodafone Idea's rebuttal came in its stock market's exchange filing on Tuesday in which the telecom company said that it was not in any such discussion with the named party.

Tesla CEO marked the commencement of the New Year on Monday by saying, “LFG 2024 (let's freaking go)". He has foretold that this year will be the most remarkable one yet, implying that the US presidential election in November will take place. In 2024, there will be historic elections in about 70 countries, including the US, India, Mexico, and South Africa.

Stock in focus: Vodafone Idea shares will be under the lens of market observers and investors as Securities and Exchange Board of India (SEBI) has sough clarification from the telecom company in regard to media reports on its possible tie-up with Elon Musk's Starlink. The news report claims that the Government of India (GoI) may sell its 33 per cent stake in the telecom company to tech-giant and American billionnaire Elon Musk and his satellite internet venture Starlink collaborating with the carrier.

Elon Musk's X lost its effort in court to block a California law that seeks to control toxic posts on social media by requiring companies to disclose their content-moderation polices. In an eight-page ruling Thursday, a federal judge in Sacramento rejected arguments by the company formerly known as Twitter that the measure violates the free-speech rights of social media platforms. The ruling comes after Musk ignited a firestorm in November by endorsing antisemitic posts on his platform.

Elon Musk has been named The New Republic’s 2023 Scoundrel of the Year. The Tesla CEO has been in the news since after he decided to sink a whopping $44 billion into buying Twitter, later renaming it as ‘X’. Elon Musk over the past year has garnered the impression that he has an “unquenchable desire to be the center of attention", according to The New Republic.

Elon Musk vehemently criticized recent media coverage surrounding an incident involving a factory robot at a Tesla facility in Austin. Musk's response was prompted by reports resurfacing about a 2021 incident where an engineer was allegedly injured by a Kuka robot arm during software updates. Musk lambasted the media for linking this incident to Tesla's humanoid Optimus robots, stressing that the coverage misrepresented the nature of the accident. The incident, previously covered by outlets like the Daily Mail and The Information, detailed how an engineer working on software updates became ensnared by a factory robot, resulting in injuries. Witnesses reported the engineer being pinned and bleeding until another worker intervened by activating the emergency stop button.

Elon Musk has again shared his opinion about the current structure of non-fungible tokens (NFTs), noting that embedding JPEG images into a blockchain can establish exclusive ownership for enthusiasts.

San Francisco: Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year. Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD .

Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year. Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD .

Elon Musk's Grok AI, Microsoft's Bing Chat and Google's Gemini language model. We take a look at the top 5 AI launches of 2023. Probably a little taken aback by the sudden rise of generative AI technology, Google rushed to launch its own chatbot, named Bard, as an 'early experiment'.

The question to Elon Musk was a long time coming: What is the “woke mind virus," anyway? For months and months, the world’s richest man has been talking about the “woke mind virus"—let’s call it WMV for short. He describes it as a threat to “modern civilization" and says those concerns motivated his decision more than a year ago to buy the social-media platform now known as X.

Elon Musk is lashing out at the state of US financial markets.

Elon Musk has lashed out at the state of the US financial markets, citing the intense regulatory pressure faced by public companies such as Tesla. He also noted how shareholder pressure is limiting efficiency and how passive investing is leading to only 4-5 major stock pickers influencing market movements.