Tesla’s troubles raise questions about its invincibility

Tesla’s troubles raise questions about its invincibility

Elon Musk appeared to be in a defiant mood Wednesday when he stood before employees at Tesla’s factory near Berlin a week after an arsonist set fire to a high-voltage power pylon and brought production to a standstill. “They can’t stop us,” Musk, the company’s CEO, told workers in a giant tent beside the plant. … Read more

Musk’s SpaceX is building spy satellite network for US intelligence agency, sources say

Musk’s SpaceX is building spy satellite network for US intelligence agency, sources say

SpaceX is building a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency, five sources familiar with the program said, demonstrating deepening ties between billionaire entrepreneur Elon Musk‘s space company and national security agencies. The network is being built by SpaceX’s Starshield business unit under a $1.8 billion contract … Read more

AI experts disown Musk-backed campaign citing their research – ET HealthWorld

AI experts disown Musk-backed campaign citing their research – ET HealthWorld

London: Four artificial intelligence experts have expressed concern after their work was cited in an open letter – co-signed by Elon Musk – demanding an urgent pause in research. The letter, dated March 22 and with more than 1,800 signatures by Friday, called for a six-month circuit-breaker in the development of systems “more powerful” than … Read more

Billions of dollars lost! How Twitter Blue troubled investors on Wall Street

Billions of dollars lost! How Twitter Blue troubled investors on Wall Street

Before being suspended last night, Elon Musk‘s idea of an $8 blue check subscription service on Twitter created a mess on Wall Street with at least two stocks losing billions of dollars in market capitalisation. Aerospace company Lockheed Martin and pharma major Eli Lilly and Company were both victims of impersonation on the social media … Read more

‘No choice’, says Musk on worldwide Twitter layoffs

‘No choice’, says Musk on worldwide Twitter layoffs

Following Elon Musk’s takeover of Twitter, the entire marketing department of India was fired on Friday Following Elon Musk’s takeover of Twitter, the entire marketing department of India was fired on Friday Amid massive layoffs at Twitter across the world, including in India, and the subsequent backlash, the microblogging site’s new owner Elon Musk on … Read more

Meta, Alphabet see m-cap erosion on Snap’s poor results

Meta, Alphabet see m-cap erosion on Snap’s poor results

Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value on Thursday after Snap posted poor quarterly results and warned of an uncertain outlook. Slammed by a weakening economy, increased competition from TikTok and recent privacy changes on iPhones, the Snapchat owner missed second-quarter … Read more

Tesla sells 75% of its Bitcoin holdings, expert say Musk did not fancy it much

Tesla sells 75% of its Bitcoin holdings, expert say Musk did not fancy it much

Tesla Inc has trimmed its Bitcoin stake by one fourth, the renowned electric car manufacturer disclosed in its earnings for the quarter ended June 2022. In a shocker to the crypto world, Elon Musk‘s company revealed that it has converted about 75 per cent of its Bitcoin holding into fiat currency, which added about $963 … Read more

Cryptocurrencies melt down in a ‘perfect storm’ of fear and panic

Cryptocurrencies melt down in a ‘perfect storm’ of fear and panic

SAN FRANCISCO – The price of bitcoin plunged to its lowest point since 2020. Coinbase, the large cryptocurrency exchange, tanked in value. A cryptocurrency that promoted itself as a stable means of exchange collapsed. And more than $300 billion was wiped out by a crash in cryptocurrency prices since Monday. The crypto world went into … Read more

Twitter plunges 22% in pre-market trade after Musk tweets buyout deal temporarily on hold

Twitter plunges 22% in pre-market trade after Musk tweets buyout deal temporarily on hold

Shares of Twitter Inc drop 22% to $35.20 in pre-market trade after Tesla Inc CEO Elon Musk, who had inked a deal to buy Twitter for $44 billion, said in a tweet “deal temporarily on hold pending details supporting the calculation that spam/fake accounts represent less than 5% of users”. Twitter said in a filing … Read more