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Business

Elon Musk says Tesla has made over 3 million cars

17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat. Picture Alliance | Picture Alliance | Getty Images Tesla has made over three million cars, CEO Elon Musk tweeted on Sunday. Of that total, Tesla’s Shanghai factory has made one million […]

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Business

FCC denies SpaceX bid for nearly $1 billion in rural broadband subsidies for Starlink

A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX The Federal Communications Commission on Wednesday denied SpaceX’s bid for nearly $1 billion in subsidies to support rural broadband customers through the company’s Starlink satellite internet network. SpaceX, which is controlled by Elon Musk, had been awarded $885.5 million […]

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Business

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed to […]

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Business

SpaceX raises another $250 million in equity, lifts total to $2 billion in 2022

A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX Elon Musk’s SpaceX raised $250 million in an equity round last month, the company disclosed in a securities filing on Friday. It has now raised $2 billion in 2022. The filing doesn’t specify the sources of the funds, […]

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Business

Twitter-Musk drama escalates as both sides hurl claims of bad behavior in new filings

The Twitter-Elon Musk saga continued this week, as the two parties traded barbs in legal filings ahead of a five-day trial that’s scheduled to start Oct. 17. Newly released legal documents from lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing false […]

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Business

Elon Musk predicts mild 18-month recession, teases possible share buybacks

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters At the Tesla 2022 shareholders’ meeting on Thursday, investors asked CEO Elon Musk how the company plans to spend its money in coming years, and about his global economic […]

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Life Style

Elon Musk’s father Errol opens up on relationship with stepdaughter, says it’s ‘completely normal’

World’s richest person Elon Musk’s father Errol Musk grabbed the headlines once again on Tuesday making some bold claims in an interview with an Australian radio channel. Errol Musk opened up on the recent news of fathering a second child with his stepdaughter Jana Bezuidenhout.  The elder Musk , who is 42 years senior to his […]

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World

Elon Musk Sounds the Alarm on Russia-Ukraine War

It would be an understatement to say that Elon Musk, the richest man in the world, is very interested in Russia’s war in Ukraine.  NATO countries and experts see this war as a battle for democracy. “When the history of this era is written, Putin’s war on Ukraine will have left Russia weaker and the […]

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Business

The space economy grew at fastest rate in years to $469 billion in 2021, report says

People watch from Canaveral National Seashore as a SpaceX Falcon 9 rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, Feb. 3, 2022. The rocket is carrying 49 Starlink internet satellites for a broadband network. Paul Hennessy | SOPA Images | LightRocket | Getty Images The global space economy grew […]

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Business

Elon Musk countersues Twitter over merger, but details aren’t yet public

Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk countersued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public. It wasn’t clear why Musk asked the court to keep details of […]