The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk on Tuesday, accusing him of failing to properly disclose his growing ownership stake in Twitter – now rebranded as X – in a timely manner, as required by federal law. The SEC claims this delay allowed Musk to purchase shares at “artificially…
United Airlines is set to introduce Elon Musk’s Starlink internet service on its flights, with the first commercial launch scheduled for spring. Testing of the high-speed satellite-based Wi-Fi will begin in February, starting with the airline’s Embraer E-175 aircraft. United aims to equip its entire two-cabin regional fleet with Starlink by the end of 2025,…
Elon Musk, the world’s richest man, capped an extraordinary 2024 with a jaw-dropping surge in his wealth, widening the gap between himself and Amazon founder Jeff Bezos to a staggering $237 billion. The Tesla and SpaceX CEO’s net worth climbed by $213 billion in a single year, reaching a historic $442.1 billion by December, according…
Elon Musk’s financial empire has soared to new heights, propelled by the extraordinary growth of SpaceX, the aerospace company he founded with the goal of transforming space exploration. SpaceX’s valuation has recently surged to $350 billion, a remarkable 67% increase since June. This leap has elevated Musk’s net worth to a staggering $443 billion, further…
Elon Musk is once again at odds with the U.S. Securities and Exchange Commission (SEC), revealing that the agency has demanded he pay a fine related to his 2022 purchase of Twitter shares – or face multiple charges. Musk, who disclosed the situation on his social platform X, posted a letter from his attorney Alex…
Elon Musk has reached an unprecedented financial milestone, becoming the first individual in history to amass a net worth of $400 billion, according to Bloomberg. This achievement marks another record for the billionaire entrepreneur, who has seen a substantial increase in wealth in recent months. A major factor behind Musk’s rise in wealth is the…
Elon Musk, one of the world’s richest individuals, has faced a legal roadblock in his quest for a monumental financial windfall. A Delaware Chancery Court ruling has once again invalidated a 2018 Tesla pay package that could have granted him options to purchase 304 million Tesla shares at just $23.34 each – a fraction of…
A Delaware court has once again blocked Tesla CEO Elon Musk’s massive compensation plan, estimated at $101 billion in stock options, despite approval from Tesla shareholders earlier this year. The ruling, delivered by Delaware Chancery Court Chancellor Kathaleen McCormick, marks the second time Musk’s pay package has been rejected. Initially approved in 2018 and valued…
Elon Musk’s social media platform, X, has taken the unusual step of intervening in the bankruptcy sale of Infowars, owned by conspiracy theorist Alex Jones. Legal experts say this marks an unprecedented move by a social media company in a dispute over account ownership. Infowars’ parent company, Free Speech Systems (FSS), was auctioned off as…
In a surprising twist, billionaire Elon Musk has hinted at the possibility of acquiring MSNBC, sparking widespread speculation about the future of the liberal-leaning cable news channel. Musk, known for his provocative social media presence, has previously criticised MSNBC as “puerile propaganda” and labelled it “the utter scum of the Earth.” Over the weekend, Musk…
Elon Musk’s fortune has reached an all-time high, with the billionaire now worth an estimated $347.8 billion, according to Bloomberg. This new milestone surpasses his previous record set in November 2021, when his net worth exceeded $340 billion. The surge in Musk’s wealth follows the aftermath of the 2024 U.S. presidential election, which has fueled…
Elon Musk, CEO of Tesla and X (formerly Twitter), has proposed an ambitious plan to slash U.S. government spending by $2 trillion, a move he claims is achievable by tackling “waste” within federal expenditures. Musk floated the idea during a recent appearance at a New York City rally for former President Donald Trump. With Trump’s…
The Guardian has announced it will cease posting content on X (formerly Twitter), citing the platform’s increasingly toxic nature and its owner Elon Musk’s influence on political discourse. The British newspaper group expressed concerns over the platform’s role in shaping political narratives, particularly following the US presidential election, where Musk’s backing of Donald Trump raised…
The battle for dominance in India’s satellite broadband market has intensified as two of the world’s wealthiest men, Elon Musk and Mukesh Ambani, prepare to face off. The competition between Musk’s Starlink and Ambani’s Reliance Jio comes in the wake of India’s decision to allocate satellite spectrum for broadband administratively rather than through an auction,…
Alcon Entertainment, the production company behind Blade Runner 2049, has filed a lawsuit against Tesla, Elon Musk, and Warner Bros Discovery, alleging unauthorized use of imagery from the film during Tesla’s recent robotaxi launch event. The lawsuit asserts that Alcon explicitly denied a request from Warner Bros to incorporate material from Blade Runner 2049 at…
The U.S. National Highway Traffic Safety Administration (NHTSA) has launched a formal investigation into Tesla’s self-driving software systems, potentially leading to a recall of the electric carmaker’s vehicles. The probe, announced on Friday, affects 2.4 million Tesla vehicles produced between 2016 and 2024 across various models. The NHTSA’s evaluation stems from four reported crashes involving…
Tesla CEO Elon Musk has officially unveiled the much-anticipated Cybercab, a futuristic robotaxi, during a special event titled “We, Robot” held at Warner Bros Studios in Burbank, California. The unveiling marks a significant step forward in Tesla’s pursuit of autonomous vehicles, though questions remain about the company’s ambitious timeline. The Cybercab, a sleek vehicle with…
Brazil’s Supreme Court has lifted its ban on the social media platform X, formerly known as Twitter, following the company’s compliance with court orders and the payment of a $5.1 million fine. Justice Alexandre de Moraes authorized the immediate restoration of X’s services in the country after it met the legal requirements imposed for failing…
Elon Musk, the billionaire CEO of Tesla, has issued a stark warning about the U.S.’s financial future, predicting a looming bankruptcy due to skyrocketing national debt—a scenario he believes could trigger a major bitcoin price boom. The warning came after the U.S. national debt surged by $204 billion in just one day, hitting a record…
In a surprising twist, rapper Azealia Banks has accused billionaire Elon Musk of being linked to Diddy’s alleged sexual abuse of minors. The accusations surfaced on social media after Musk commented on the recent claims against the Bad Boy founder, asking: “How many people in music & entertainment knew about this?” Banks responded on Musk’s…
The social media platform X, formerly known as Twitter, has seen its valuation plummet by nearly 80% since billionaire Elon Musk purchased it in October 2022, according to new estimates from investment firm Fidelity. After acquiring the platform for $44 billion and taking it private, the company no longer reports publicly on its financial health….
The creators of the popular adult party game Cards Against Humanity have filed a $15 million lawsuit against SpaceX, accusing the aerospace company of trespassing on land they purchased near the US-Mexico border. The lawsuit, filed by Chicago-based Cards Against Humanity LLC, claims that SpaceX, owned by billionaire Elon Musk, has unlawfully occupied and used…
In a significant development, X, formerly known as Twitter, is poised to comply with the Brazilian Supreme Court’s directives to reinstate its services for the platform’s 21 million users in Brazil after a more than three-week blackout. The move comes amid escalating tensions between billionaire CEO Elon Musk and Brazil’s highest court. On Friday, lawyers…
The U.S. Securities and Exchange Commission (SEC) is seeking sanctions against Elon Musk after he failed to appear for scheduled testimony related to its investigation into his $44 billion acquisition of Twitter, now known as X. The SEC filed the request in court on Friday, citing Musk’s absence from a deposition originally set for September…
Brazil’s Supreme Court has issued a stern ultimatum to the social media platform X, formerly known as Twitter, threatening to suspend its operations in the country unless Elon Musk appoints a new legal representative in Brazil and settles any outstanding daily fines within 24 hours. This latest development is part of an ongoing clash between…
The Global Alliance for Responsible Media (GARM), a key advertising industry group, has announced its closure just days after Elon Musk’s X, formerly known as Twitter, filed a lawsuit against it. The lawsuit, filed in a Texas federal court, accuses GARM of conspiring to withhold billions of dollars in advertising from the platform following Musk’s…
Elon Musk’s social media platform X has filed a lawsuit against the Global Alliance for Responsible Media (GARM), accusing the influential ad industry group of orchestrating a “boycott” of advertising on the platform. The lawsuit, filed in a federal court in Texas on Tuesday, alleges that GARM and its members conspired to withhold billions of…
Elon Musk has launched a new lawsuit against OpenAI, CEO Sam Altman, and co-founder Gregory Brockman, renewing a contentious legal dispute over the direction and management of the artificial intelligence company he helped establish in 2015. The lawsuit, filed Monday in federal court in Northern California, echoes Musk’s earlier claims that OpenAI has strayed from…
In a recent legal move, former CNN anchor Don Lemon has filed a lawsuit against Elon Musk and X, accusing them of cancelling a planned talk show partnership. The lawsuit, filed Thursday in San Francisco, claims that Musk and X misled Lemon into investing substantial amounts of money for the show, only to back out…
Brussels Targets X for Breach of Transparency and Data Access Rules European regulators have formally accused Elon Musk’s social media platform X of violating the European Union’s Digital Services Act (DSA). The European Commission claims the platform has misled users and breached several transparency requirements. “Today we issue, for the first time, preliminary findings under…
Elon Musk, who previously made headlines by telling advertisers to “go f**k yourself,” is now attempting to mend fences with the very community he once alienated. On Wednesday, Musk attended the Cannes Lions, the world’s largest advertising festival held in the South of France, where he engaged in a notably different tone. In an interview…
In a significant move after regaining control of Verzuz, Timbaland and Swizz Beatz have partnered with Elon Musk for a new distribution deal on his social media platform, X (formerly Twitter). The announcement was made on Wednesday at the Cannes Lions International Festival of Creativity in France. During the conference, Swizz Beatz expressed excitement about…
In a decisive move, Tesla shareholders have re-approved a multi-billion-dollar pay package for CEO Elon Musk that had previously been struck down by a Delaware judge. The decision was made at Tesla’s annual meeting on Thursday, alongside the approval to shift the company’s incorporation from Delaware to Texas. Tesla announced on Friday that the pay…
Eight former SpaceX employees have filed a lawsuit against the company and its CEO, Elon Musk, alleging wrongful termination after they criticized the company’s work environment and Musk’s public behaviour. The lawsuit, filed in California state court, claims that Musk ordered their dismissal after they highlighted pervasive sexual harassment and a toxic “Animal House”-style culture…
Elon Musk has moved to dismiss his lawsuit against OpenAI and CEO Sam Altman, bringing an end to a legal dispute that has lasted several months between the co-founders of the artificial intelligence startup. In February, Musk, who co-founded OpenAI in 2015, filed a lawsuit accusing the company of deviating from its original nonprofit mission…
Elon Musk is voicing strong opposition to Apple’s newly announced partnership with OpenAI, creators of ChatGPT. The Tesla and SpaceX CEO declared on Monday that he would ban Apple devices from his companies if Apple proceeds with integrating OpenAI’s technology into its operating systems. In a post on X, Musk stated that integrating OpenAI at…
Next week, Tesla shareholders will cast their votes on whether CEO Elon Musk deserves a massive compensation package previously struck down by a judge, and whether the company should relocate its state of incorporation from Delaware to Texas. Five months ago, a Delaware judge nullified the $50 billion pay package granted to Musk by Tesla’s…
WhatsApp CEO Will Cathcart has publicly disputed allegations made by Elon Musk that the messaging app “exports your user data every night.” Cathcart took to X (formerly Twitter) to assert that Musk’s claims are “not correct,” emphasizing that WhatsApp messages are end-to-end encrypted and cannot be read by the company. Cathcart’s defence was supported by…
Elon Musk’s artificial intelligence company, xAI, has secured an additional $6 billion in funding, elevating its valuation to $24 billion. This significant investment round included contributions from prominent Silicon Valley venture capitalists and Saudi Prince Alwaleed Bin Talal. Sequoia Capital and Andreessen Horowitz were among the notable investors in this latest funding round, xAI revealed…
Elon Musk, the tech visionary and entrepreneur, foresees a future where artificial intelligence (AI) will render traditional employment obsolete, a notion he believes isn’t necessarily negative. Speaking remotely at the VivaTech 2024 conference in Paris, Musk painted a picture of a world where jobs become “optional,” with AI and robots fulfilling most goods and services…
Elon Musk, alongside Indonesian Health Minister Budi Gunadi Sadikin, has officially launched SpaceX’s satellite internet service, Starlink, in Indonesia. The initiative aims to enhance internet access in the nation’s remote regions, significantly benefiting the health sector. The launch ceremony took place on Sunday at a community health centre in Denpasar, Bali, following Musk’s arrival on…
Elon Musk’s Neuralink is inviting applications for a second human trial participant to test its brain chip, the billionaire announced on X Friday. This call comes five months after the first human trial began and just a week after the company reported an issue with the initial implant. The first participant, 30-year-old Noland Arbaugh, received…
Renowned billionaire entrepreneur Elon Musk has chimed in on the ongoing rap feud between acclaimed artists Drake and Kendrick Lamar, acknowledging the widespread buzz generated by their lyrical battle. Musk’s comment came in response to a post by DJ Akademiks on X, where fans were prompted to share their thoughts on the escalating feud between…
In an unexpected move, Tesla has terminated its team responsible for managing the electric vehicle charging business, sparking concerns about the fate of one of the largest US charging networks, which rivals like General Motors and Ford had planned to utilize. Reports of the layoffs surfaced after several Tesla employees confirmed the news on social…
Elon Musk, CEO of Tesla, has embarked on a visit to Beijing to engage in discussions aimed at enabling Full Self Driving (FSD) capabilities for Tesla vehicles in China, as reported by various media outlets. Musk’s objective during his visit is to explore the possibility of implementing FSD functionality in China and to facilitate the…
A clash of titans is underway as tech mogul Elon Musk, owner of the social media platform X, finds himself embroiled in a heated battle with the Australian government over the dissemination of violent imagery online. The feud, which has escalated into a legal showdown, pits Musk’s staunch defence of free speech against Australian authorities’…
In a clash between tech mogul Elon Musk and the Australian government, tensions have escalated over the dissemination of violent images on the social networking platform X. The controversy erupted after X refused to remove a video depicting a 16-year-old allegedly stabbing a bishop in a Sydney Orthodox Christian Church, despite orders from Australian authorities…
Elon Musk, the CEO of Tesla, has announced the postponement of his planned visit to India, citing pressing obligations at Tesla as the reason for the delay. Scheduled for next week, Musk’s visit to India was highly anticipated, with expectations of meetings with Prime Minister Narendra Modi and discussions regarding Tesla’s potential factory in the…
Elon Musk, renowned for his visionary pursuits, has declared Tesla’s long-awaited robotaxi unveiling scheduled for August 8, igniting anticipation among enthusiasts and sceptics alike. In a characteristic move, Musk’s announcement arrived via a succinct post on X, devoid of detailed insights but brimming with implications. “Tesla Robotaxi unveil on 8/8,” declared the Tesla CEO, signalling…
In a significant reversal, Elon Musk, the CEO of X, has abandoned his contentious blue checkmark subscription model, reinstating the coveted verification badges for prominent users on the platform. The move marks a shift in strategy for Musk, who previously insisted on charging $8 per month for the blue checkmark, aiming to monetize the feature…
