Elon Musk’s wealth rises by $10.6 billion amid Tesla tweet trial

Amid trial about Elon Musk’s August 2018 tweet on making Tesla a privately-owned entity, the wealth of Tesla founder and new Twitter owner has increased by the most in last two months. As per Bloomberg Billionaire Index, Elon Musk’s wealth increased by about $10.6 billion to $145.2 billion since Friday, when he officially took the […]

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Elon Musk testifies in second day of Tesla tweet trial; says buying share at $420 was no joke

Tesla CEO Elon Musk reappeared in San Francisco federal courtroom on Monday as the trial over his 2018 tweets continues. The billionaire has been accused of defrauding the investors and costing them millions of dollars with a pair of allegedly false tweets about having the funding secured to take Tesla private. During the trial, Musk […]

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Elon Musk plans to roll out expensive Twitter subscription for ad-free experience

Twitter CEO Elon Musk has announced a more expensive ad-free subscription plan in a bid to massively reduce costs while building up revenue. In a series of tweets on Saturday, the tech billionaire said that he is taking steps for a zero ads experience on the microblogging platform. “Ads are too frequent on Twitter and too […]

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Tesla CEO Elon Musk tesifies for in federal court over 2018 buyout tweet

Friday as a part of a trial over a 2018 tweet in which he claimed to have funding secured to take Tesla private. Wearing a dark suit over a white button-down shirt, the billionaire testified for less than 30 minutes before the court adjourned on Monday, Guardian reported.  The CEO in the San Francisco federal […]

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Taliban make use of Elon Musk’s Twitter paid verification

Taliban officials now have verified Twitter accounts. As per the BBC, two prominent officials and four supporters got their accounts verified using a bluetick subscription. This includes the head of the Taliban department for access to information, Hedayatullah Hedayat, who has around 187,000 followers. He regularly posts information related to the Taliban administration and had […]

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Explained: Who is Tom Zhu, Elon Musk’s right-hand man at Tesla?

Zhu Xiaotong, also known as Tom Zhu, smiled in a vest and a black hat with a white “T” for Tesla in a Twitter post celebrating Tesla manufacturing 3,000 Model Ys a week at its Texas factory last month. Zhu, who oversaw the US automaker’s operations in Asia-Pacific and managed its Shanghai factory to become the […]

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Elon Musk breaks world record for largest-ever loss of personal fortune

Elon Musk, the billionaire tech magnate and new owner of Twitter, broke a new dubious record of the largest loss of personal fortune. Musk has lost around $182 billion of personal wealth since 2021. Some sources indicate that the loss figure is close to around $200 billion. ALSO READ | Elon Musk becomes first person in […]

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Elon Musk’s Starlink may go public in 2023, claims noted Silicon Valley investor

Elon Musk, world’s most talked-about billionaire tech magnate, may take SpaceX’s internet-from-space initiative Starlink on an Initial Public Offering (IPO) route in 2023 for the sake of a much-needed “financial flexibility”, according to prominent Silicon valley investor Chamath Palihapitiya.  The Starlink IPO could make way in 2023, years earlier than planned, Palihapitiya said on his […]

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Elon Musk’s SpaceX to raise $750mn in first funding round of 2023: Report

SpaceX, Elon Musk’s rocket-maker and satellite internet company, is raising $750 million in a new round of funding. The latest round of funding keeps company’s valuation at $137 billion, CNBC reported. Earlier, a Bloomberg report had claimed that SpaceX was letting its employees to sell at $77 per share. This would have put the company’s valuation […]

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Morning short: Elon Musk loses $200 billion, China’s factory activity declines, and more

Elon Musk, the CEO of Tesla and SpaceX, became the first person in human history to lose $200 billion from his net worth, as per the Bloomberg Billionaire index. Amid the Covid crisis in China, the country’s manufacturing activity saw a sharp decline for the third successive month, said China’s National Bureau of Statistics. Aerosmith […]

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