Tag: elon musk

The Tesla Cybercab. The Tesla Compact SUV is likely to feature a single electric motor instead of two powered by a smaller battery, which would mean a shorter driving range. (Reuters)
Posted in Business

Tesla is working on a compact SUV, signalling revival of ‘affordable EV’ plans| Business News

Tesla Inc. is said to be working on an all-new smaller and cheaper electric car—a compact SUV—as the company led by the world’s richest person…

Continue Reading
SpaceX wants early inclusion on Nasdaq 100 index, making it a necessary condition for a potential listing on the tech-heavy exchange. (Reuters)
Posted in Business

SpaceX files for potentially biggest IPO in history, listing likely in June 2026| Business News

SpaceX, the rocketmaker and satellite operator controlled by billionaire Elon Musk, has confidentially filed for an initial public offering, which could pave the way for…

Continue Reading
SpaceX wants early inclusion on Nasdaq 100 index, making it a necessary condition for a potential listing on the tech-heavy exchange. (Reuters)
Posted in Business

Elon Musk’s SpaceX weighs Nasdaq listing after biggest IPO of all time| Business News

Elon Musk’s rocket and satellite maker SpaceX is leaning toward listing its shares on the Nasdaq for what could rank as the biggest initial public…

Continue Reading
A SpaceX shuttle. (Official image)
Posted in Business

Elon Musk’s companies plan to build AI data centres, in space| Business News

The fact that two of Elon Musk’s companies are merging, has nothing to do purely with accounting or resources allocation or efficiency or any of…

Continue Reading
Tesla vehicles are show at a Tesla dealership in Buena Park, California. (Reuters)
Posted in Business

Tesla reports 61% drop in Q4 profit on lower EV sales, higher AI spending| Business News

Tesla Inc. has reported a 61% drop in fourth-quarter profits due to lower sales even as CEO Elon Musk doubles down on AI investments. Tesla…

Continue Reading
SpaceX told its employees in December it’s entering a quiet period and that they should refrain from discussing the IPO (AFP)
Posted in Business

Musk’s SpaceX lines up banks to lead IPO: Report| Business News

SpaceX has lined up four banks to lead its initial public offering, according to the Financial Times, as Elon Musk’s rocket and satellite firm moves…

Continue Reading
Elon Musk conducted a similar poll before he purchased X (formerly Twitter). (REUTERS)
Posted in Business

Elon Musk vs Ryanair controversy: Billionaire conducts poll, asks X if he should buy airline

Elon Musk has sparked fresh social media chatter after publishing a poll asking X users whether he should buy Ryanair, a move that reminded many…

Continue Reading
Microsoft CEO Satya Nadella (right) and OpenAI's Sam Altman. (AFP)
Posted in Business

OpenAI, Microsoft lose last chance to avoid a trial with Elon Musk| Business News

OpenAI Inc. and Microsoft failed to escape a trial over Elon Musk’s claims that Sam Altman’s startup betrayed its founding mission as a public charity…

Continue Reading
Grok has faced tremendous legal scrutiny in many countries following a deluge of non-consensual morphing of images. (Representative file photo)
Posted in Business

Putting Grok back in the bottle? Decoding how X claims it is taming misbehaving AI| Business News

After weeks of allowing X users to virtually undress women, often children, using the social media platform’s artificial intelligence (AI) chatbot Grok, Elon Musk’s X…

Continue Reading
Elon Musk is the world's richest person with a estimated net worth of $600 billion. (AP)
Posted in Business

Elon Musk net worth hits $600 billion as SpaceX preps for IPO, Forbes says| Business News

Elon Musk on Monday became the first person ever to have a net worth of $600 billion, according to Forbes, on the heels of reports…

Continue Reading