albertc111/iStock via Getty Images The February 14 SEC filing by Tesla, Inc. (NASDAQ:TSLA) indicating CEO Elon Musk has a 20.5% stake in Tesla has been treated by some as significant news. It is not; it is a standard SEC filing which must be done periodically. In fact, in the form that was filed a year…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has said Tesla will “immediately” hold an investor vote on whether to move its corporate registration to Texas, after a court judgment in Delaware voided his $56bn pay package. The billionaire posted his…
Meanwhile, Oxfam revealed that across 52 countries, the average real wages of nearly 800 million workers have fallen, resulting in a combined loss of $1.5 trillion over the last two years. According to a new report by Oxfam, a global organization dedicated to combating inequality and ending poverty, the combined wealth of the world’s top…
With X now obtaining payment licenses across a dozen states in the United States, Musk said the app is ready to start its payment services come 2024 at an undisclosed date. Billionaire tech entrepreneur Elon Musk, CEO of Tesla and SpaceX, recently disclosed that his social media platform, X, will launch its in-app payment services…
xAI, the Nevada-based tech company, has so far raised $134 million in its bid to achieve $1 billion to further improve AI tools used by GROK. In a bid to grow its market share and infrastructure, Elon Musk-backed xAI Corp. has filed with the United States Securities and Exchange Commission (SEC) to raise an extra…
Elon Musk said that he will do whatever required to maintain for the free speech on the X platform. Elon Musk was brutally straightforward during his recent interview on Wednesday, November 29. During the 2023 DealBook Summit in New York on November 29 Elon Musk, owner of the micro-blogging platform X (formerly Twitter), criticized advertisers…
According to Musk, X Corp will sue Media Matters and several others for a fake plot to paint the social media company as problematic. X (formerly Twitter) owner and Chairman Elon Musk has threatened to file a lawsuit against major advertisers and Media Matters for America (MMfA) for pausing ads on X and allegedly misrepresenting…
The implications of a publicly traded Starlink are far-reaching, with the space industry poised for transformative changes. Elon Musk, the visionary entrepreneur and founder of SpaceX, took to social media to deny reports suggesting that the rocket company was considering an Initial Public Offering (IPO) for its satellite internet business, Starlink, as early as 2024….
It appears X, Tesla, SpaceX, Neuralink, and xAI won’t be issuing their own cryptocurrency anytime soon. Announced on X late last week, Elon Musk has declared that none of his companies will be launching a cryptocurrency token, in a move that underscores a shift in the tech industry’s attitude toward competing with Bitcoin as a digital currency. …
The chatbot currently does not have audio and visual capabilities. xAI stated that these will be added soon to enable broader applications such as real-time interactions and assistance. Elon Musk’s artificial intelligence (AI) startup xAI has released “Grok” – an AI chatbot that can reportedly outperform ChatGPT-3.5 in several academic tests. In a November 5 post…
Despite the potential negative impacts of AI, Musk also believes that AI would be a force for good and could even serve as a great friend and companion to users. During a recent AI Safety Summit in London, Elon Musk had a one-on-one discussion with UK Prime Minister Rishi Sunak about the future of artificial…
Elon Musk criticized NFTs and offered a solution which seemed to praise Bitcoin Ordinals as they solve the problem the Tesla CEO highlighted. X (formerly Twitter) Chairman Elon Musk recently spoke on a podcast deriding non-fungible tokens (NFTs). However, while speaking, Elon Musk seemed to unintentionally make a case for Bitcoin NFTs, known as Bitcoin Ordinals….
Musk’s alterations to content policies have resulted in a considerable drop in advertising revenue. Elon Musk‘s social media platform ‘X,’ formerly known as Twitter, has taken a sharp downturn, currently valued at less than half of what he initially invested in purchasing the company a year ago. According to a Bloomberg report on Tuesday, citing…
Nathan Howard Tesla, Inc.’s (NASDAQ:TSLA) weak performance in Q3 indicates that the company is no longer a no-brainer investment in the current environment, which is full of macroeconomic and geopolitical risks that have already begun to negatively affect the company’s business in different markets. Even though Tesla’s CEO Elon Musk tried to soften the blow…
The idea to turn X into a multifaceted financial hub with dating features comes shortly after Musk unveiled new subscription plans for the social media platform. In a recent virtual conference commemorating the first anniversary of Elon Musk‘s acquisition of the social media platform Twitter, now rebranded as X, the billionaire tech mogul unveiled intriguing…
When Musk took over the social media giant last year, he revealed his plans to make the platform an everything app, offering users opportunities to “send money anywhere in the world instantly in real-time.” Elon Musk, the visionary entrepreneur and CEO of Tesla Inc (NASDAQ: TSLA) and SpaceX, is spearheading a groundbreaking initiative that aims…
In parallel to the subscription plan announcement, X is taking measures to combat manipulation, spam, and bot activity on its platform. Elon Musk, the CEO of various innovative companies and owner of social media platform X (formerly Twitter) recently confirmed the introduction of two new premium subscription plans for X. New Premium Subscription Options on…
Musk blamed the SEC and the Biden Administration for constant scrutiny into his Twitter acquisition while expressing his confusion and frustration in the matter. On Thursday, October 5, the US Securities and Exchange Commission (SEC) sued Elon Musk in order to force him to testify about the acquisition of Twitter last year. In a legal…
In a characteristically bold and provocative post, Tesla and SpaceX CEO Elon Musk has once again stirred the financial world by declaring, “Fiat currency” a scam. Musk, responding to a post asking other X users what they think is a scam so normalized that people don’t even realize it is a scam, did not provide…
Ackman received a green light from the United States SEC with an intent to invest a minimum of $1.5 billion in private companies seeking to go public without following the traditional IPO route. Billionaire Bill Ackman, the Chief Executive Officer for Pershing Square, announced that his newly approved SPARC funding vehicle would absolutely consider a…
In response to Erdogan’s proposition, Musk conveyed his enthusiasm for the Turkish market. Turkish President Recep Tayyip Erdogan has extended an invitation to Elon Musk, the CEO of Tesla and SpaceX, urging him to consider establishing Tesla’s next factory in Turkey. The enticing offer was made during their meeting in New York, where Erdogan attended…
X has also outlined its future plans to streamline the checkmark review process for users who verify their IDs. Elon Musk‘s X, formerly Twitter, has recently launched its new account verification system using government ID. This will allow users of its premium plans to prevent impersonation while giving them additional benefits such as “prioritized support”….
Regarding SpaceX, Musk holds the title of the largest shareholder, with an impressive 42 percent stake. Elon Musk, the visionary entrepreneur known for pushing the boundaries of space exploration and electric vehicles, has once again captured headlines for his audacious financial moves. A recent report from the Wall Street Journal (WSJ) has revealed that Musk…
The launch of these new audio and video features on X comes after Musk confessed that there are no more great social media apps currently. Only a few weeks after Twitter’s former Chief Executive Officer (CEO) Elon Musk renamed the social media platform to X, he has now announced the coming of new features to…
X’s legal team argues that the company did not mandate employees to go the arbitration route and as such cannot be expected to cover the larger share of the filing fees. Social media platform X, formerly known as Twitter, is on the receiving end of 2,200 arbitration cases filed by former employees in response to…
The round follows approval for Neuralink’s first human trials received by the startup from the US Food and Drugs Administration (FDA) in May. Neuralink Corp, Elon Musk‘s startup that focuses on brain-machine interfaces to provide solutions for those with paralysis, has closed a $280 million funding round. The funds raised will be used to further develop its N1…
Elon Musk aims to make the X platform “the biggest financial institution in the world”. Therefore, his focus now is on integrating financial services inside the X app. Elon Musk is reportedly looking for a financial data company to partner with X social media platform, formerly known as Twitter, and create a stock trading service…