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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US Feds probe Tesla Autopilot crashes, Musk tweet about disabling monitoring alerts

The United States National elevatedway Traffic Safety Administration (NHTSA), on Monday, told reporters that the regulatory body is investigating Tesla CEO Elon Musk’s tweet in the context of at least 14 Teslas crashing into emergency vehicles while using its Autopilot driver assist system. The acting head of NHTSA, Ann Carlson, made the statement while addressing the press […]

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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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More trouble for Musk as laid-off Twitter employees still await severance pay

Twitter’s boss Elon Musk- who has faced several problems after taking over the social media giant in October last year, is now facing another problem. Twitter employees who were fired shortly after Musk became the owner are still awaiting details of their severance packages months after being let go, a report by news agency Bloomberg […]

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Twitter employees bring own toilet paper to office after Musk fires janitors

Twitter boss Elon Musk’s huge cost-cutting measures have forced some employees of the social media giant to bring rolls of toilet paper to the office. As per a report by the New York Times on December 29 last year, Twitter has stopped paying millions of dollars in rent and services. The social media giant stopped […]

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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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Elon Musk first person in human history to lose $200 billion

Elon Musk became the only person in human history to lose $200 billion from their net worth, Bloomberg Billionaire Index showed. After Amazon’s Jeff Bezos, Musk was the second person with more than $200 billion of “personal fortune”, a figure he achieved in January 2021.  What exactly has led to decline in Musk’s wealth? Elon […]

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Iran now has around 100 active Starlinks, claims Elon Musk

Twitter CEO and SpaceX Chief Executive Elon Musk said on Monday that his company, Starlink is now close to having 100 active internet satellites in Iran. This number have been achieved within three months after Musk tweeted that he would be activating the Starlink-operated satellite internet service in Iran amid protests. Musk revealed this in a […]

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