Elon Musk’s SpaceX Gets Approval to Use Starlink Satellite Internet

The US Federal Communications Commission on Thursday authorised Elon Musk’s SpaceX to use its Starlink satellite internet network with moving vehicles, green-lighting the company’s plan to expand broadband offerings to commercial airlines, shipping vessels and trucks. Starlink, a fast-growing constellation of internet-beaming satellites in orbit, has long sought to grow its customer base from individual […]

Elon Musk Says Tesla Losing Billion of Dollars at Texas, Berlin Units

Tesla’s new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said recently. “Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It’s really like a giant roaring sound, which […]

Elon Musk Says Tesla to Layoff 10 Percent Staff, Pause All Hirings

Elon Musk, CEO of Tesla, said a 10 percent cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a US recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his first in-person appearance since Reuters […]

Elon Musk’s Twitter Deal Reportedly Gets Unanimous Approval From Board

Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion (roughly Rs. 3,43,500 crore) sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter […]

Elon Musk Says a Few Unresolved Matters Remain With Twitter offer

Business magnate Elon Musk said Tuesday that his $44 billion (roughly Rs. 3,43,500 crore) move to take over Twitter remained held up by “very significant” questions about the number of fake users on the social network. Musk was reluctant to talk about the deal when asked at the Qatar Economic Forum, saying it was a […]

Elon Musk Reiterates Support for Dogecoin Despite Recently Levied Lawsuit

Elon Musk’s public display of affection towards his favourite cryptocurrency, the Dogecoin, has seemingly become stronger. Despite being roped into a class-action lawsuit for allegedly promoting Doge adoption via a pyramid scheme, Musk has said he will continue to back DOGE. Last week, a complaint was filed in Manhattan accusing the Tesla chief of driving […]

Elon Musk Muses on Twitter’s Future, Aliens in Call With Company Staff

Elon Musk addressed Twitter employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion (roughly Rs. 3,43,446 crore) planned takeover of the social media company. Musk appeared via video call 10 minutes late to what turned out to […]

Elon Musk a ‘Distraction’, Group of SpaceX Employees Allegedly Complain in Letter

A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a “distraction and embarrassment” in an internal letter to executives. Musk, also head of electric automaker Tesla, has been in headlines and late-night comedy monologues in recent months for a tumultuous quest to buy social media giant Twitter, a reported allegation […]

Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme

Elon Musk was sued for $258 billion (roughly Rs. 20,13,831 crore) on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, complainant Keith Johnson accused Musk, electric car company Tesla and space tourism company SpaceX of racketeering for […]

Elon Musk Said to Address Twitter Employees for the First Time This Week

Elon Musk will speak to Twitter Inc employees this week for the first time at a company-wide meeting since launching his $44 billion (roughly Rs. 3,43,500 crore) bid in April, a source said on Monday, citing an email from Twitter Chief Executive Parag Agrawal to staff. The meeting is scheduled for Thursday, and Musk will take questions […]

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