Keyword "TOPIC:BUSINESS-ELON-MUSK" - List of latest news (95 results)

15:32 Investors relieved Musk will refocus on Tesla, but worry about brand damage

Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company's brand.

03:43 Musk says Tesla's Optimus humanoid robots affected by China's export curbs on rare earths

Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China's export restrictions of rare earth magnets.

01:33 Tesla CEO Elon Musk dreams big but often delivers late

Tesla CEO and billionaire entrepreneur Elon Musk has a long history of making ambitious promises and often delivering late. Many of his biggest ideas are still in the works.

22:56 Tesla's first-quarter auto margin beats estimates, but revenue misses

Tesla reported better-than-expected profitability for its auto business in the first quarter but revenue fell short of expectations as sales of its electric vehicles dropped.

21:54 Democratic state treasurers raise concerns over Musk's lack of focus on Tesla

Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk's lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment.

21:54 Tesla shorts up $11.5 billion for the year with positioning bearish

Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the electric vehicle maker's quarterly results due after market close, according to the latest report from S3 Partners.

22/04 Tesla settles wrongful death lawsuit claiming sudden acceleration in Ohio crash

Elon Musk’s electric vehicle company Tesla has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio.

18/04 Tesla settles Black employee's lawsuit alleging pervasive harassment

Tesla has settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying "welcome to the plantation" or "welcome to the slave house."

18/04 Exclusive: Tesla to delay US launch of affordable EV, a lower-cost Model Y, sources say

Tesla's much-awaited plans for an affordable car include a stripped-down version of its best-selling electric SUV, the Model Y, that will be made in the United States, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.

18/04 Tesla speeds up odometers to avoid warranty repairs, US lawsuit claims

Tesla faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk's company from having to pay for repairs.

16/04 Tesla's quarterly EV registrations slump 15% in key market California

Tesla's electric-vehicle registrations in California dropped 15.1% during the first quarter, industry data showed, signaling an accelerated decline and growing challenges for the Elon Musk-led automaker in its biggest U.S. market.

16/04 Exclusive: Trump's tariffs on Chinese parts for Cybercab, Semi disrupt Tesla's US production plans, source says

Elon Musk has been touting the models as major innovations.

16/04 California attorney general declines to join Musk's lawsuit against OpenAI

The California attorney general's office declined to join a lawsuit by Elon Musk against OpenAI, the agency wrote in a letter made public on Tuesday, saying that the office did not see how Musk's action serves the public interest of the state.

13/04 Trump aide Navarro brushes off Musk insults, says, 'I've been called worse'

White House trade adviser Peter Navarro brushed off insults from Elon Musk on Sunday, saying "Elon and I are great" after a public spat over President Donald Trump's sweeping global tariffs.

12/04 Group of ex-OpenAI employees back Musk's lawsuit to halt OpenAI restructure

A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk's lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial intelligence firm.

11/04 Cybertrucks in the desert: Tesla launches in Saudi Arabia

Tesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious electric-vehicle policy.

10/04 OpenAI countersues Elon Musk, claims harassment

OpenAI countersued Elon Musk on Wednesday, citing a pattern of harassment by Musk and asking a federal judge to stop Musk from any "further unlawful and unfair action" against OpenAI in a court case over the future structure of the firm that helped launch the AI revolution.

08/04 'Boys will be boys': White House on Elon Musk-Peter Navarro tariff tiff

As Elon Musk called one of President Donald Trump's top economic aides a "moron," the White House on Tuesday declared that "boys will be boys."

26/03 Exclusive: DOGE staffer 'Big Balls' provided tech support to cybercrime ring, records show

The best-known member of Elon Musk's U.S. DOGE Service team of technologists once provided support to a cybercrime gang that bragged about trafficking in stolen data and cyberstalking an FBI agent, according to digital records reviewed by Reuters.

22/03 Anti-Musk protesters gather outside Tesla dealership in Washington

Roughly 100 people waved signs and danced in protest outside a Tesla dealership in Washington on Saturday, angry at the electric vehicle maker's billionaire CEO Elon Musk, who has led efforts to sharply cut the federal workforce.

21/03 Elon Musk calls for prosecutions of Pentagon staff who leaked to the New York Times

Elon Musk said Pentagon staff who spoke to reporters at the New York Times should be prosecuted, after the newspaper reported the billionaire was due to be briefed about the U.S. military's plan for any war that might break out with China.

21/03 Trump denies Musk to be briefed on top-secret plan for potential war with China

U.S. President Donald Trump has denied a New York Times report that his close ally, billionaire Elon Musk, was due to be briefed by the Pentagon on Friday about the U.S. military's plan for any war that might break out with China.

21/03 Exclusive: Tesla trade-ins on pace for record high amid Musk backlash

Motorists have traded in a record number of Tesla electric vehicles this month, Edmunds data showed, amid a wave of protests against CEO Elon Musk's work as an adviser to U.S. President Donald Trump.

06/03 Senate Republicans push to codify DOGE cuts after Musk meeting

U.S. Senate Republicans pushed for the U.S. Congress to codify spending cuts identified by billionaire Elon Musk's Department of Government Efficiency on Wednesday, after the Supreme Court declined to let President Donald Trump withhold payments to foreign aid organizations.

06/03 Elon Musk says Post Office, Amtrak should be privatized

Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government, said on Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized.

05/03 DOGE website offers error-filled window into Musk's government overhaul

A spartanly furnished web page with columns of numbers and bar charts on a dark background is the only official window into billionaire Elon Musk's effort to slash U.S. government spending and the size of the federal workforce. However, the view it offers of the cost-cutting enterprise is often muddied by major errors.

04/03 Musk rallies the far right in Europe. Tesla is paying the price.

For the past two months, tech billionaire Elon Musk has promoted Germany’s far-right party in at least two dozen posts on his X platform, interviewed its leader, and told his 219 million followers it was the country’s “only hope.”

25/01 Elon Musk appears on video at German far right campaign event

Elon Musk made a surprise appearance during Germany's AfD (Alternative fuer Deutschland) election campaign event in Halle in eastern Germany on Saturday, speaking publicly in support of the far right party for the second time in as many weeks.

21/01 Germany's Scholz responds to Musk, saying freedom of speech must not back extreme-right

German Chancellor Olaf Scholz said on Tuesday he does not support freedom of speech when it is used for extreme-right views, a day after a hand gesture by U.S. billionaire Elon Musk caused uproar during Donald Trump's inauguration festivities.

21/01 Musk's hand gesture during Trump inauguration festivities draws scrutiny

Billionaire Elon Musk's hand gesture while he spoke during a celebration of President Donald Trump's inauguration drew online comparisons to a Nazi salute on Monday, but a leading tracker of antisemitism said it appeared to represent a moment of enthusiasm instead.

20/01 Trump creates "DOGE" advisory group, attracting instant lawsuits

U.S. President Donald Trump has officially announced the creation of an advisory group aimed at carrying out dramatic cuts to the U.S. government, attracting immediate lawsuits challenging its operations.

17/01 SpaceX plans to send five uncrewed Starships to Mars in two years, Musk says

SpaceX plans to launch about five uncrewed Starship missions to Mars in two years, CEO Elon Musk said on Sunday in a post on social media platform X.

14/01 Breakingviews - Wild TikTok dance adds clumsy Beijing shuffle-step

It’s only fitting that TikTok’s fate turn into a wild dance. As the U.S. Supreme Court weighs up the constitutionality of a proposed ban on the popular video app, Beijing has pirouetted into the possibility of letting ByteDance sell it to Elon Musk, the boss of Tesla and owner of social media site X. With so many stakeholders, however, it will take more than just two to tango.

09/01 Musk acknowledges $2 trillion spending cut goal a long shot

Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot.

09/01 How does Musk discussion with German AfD leader square with EU laws?

Elon Musk's expected hosting of Alice Weidel, leader of the far-right Alternative for Germany (AfD) party, for a discussion on his X platform on Thursday was being watched by the European Commission to check for any spreading of misinformation before next month's German election.

09/01 Musk to host German far-right leader on X, stirs angst about election meddling

Musk is becoming vocal in his support for far-right and anti-establishment parties across Europe.

09/01 Meet the influencer who has Elon Musk's ear on Germany's far-right

On his public journey to embracing Germany's far-right Alternative for Germany, Elon Musk has amplified the online content of one young supporter of the party: Climate change and COVID-19 lockdown sceptic Naomi Seibt.

08/01 Spain's Sanchez says Musk attacks Europe's institutions, incites hatred

Spain's Prime Minister Pedro Sanchez on Wednesday attacked billionaire Elon Musk for interfering in European politics, accusing him of undermining democracy.

07/01 Spain says social media platforms such as Musk's X must be neutral, not interfere

The statement came after Elon Musk commented on statistics about foreigners jailed for rape in Spain.

07/01 British minister says Musk knows 'absolutely nothing' about child rape scandals

A British minister who Elon Musk has described as a "rape genocide apologist" said on Tuesday the U.S. billionaire knew "absolutely nothing" about the child sexual abuse scandals he has recently been commenting on.

06/01 Norway PM worried by Musk involvement in politics outside US

Norwegian Prime Minister Jonas Gahr Stoere said on Monday that he found it worrying that billionaire Elon Musk was involving himself in the political issues of countries outside of the United States.

06/01 UK's Starmer criticises those 'spreading lies and misinformation' online

Starmer was responding to a question about Elon Musk's recent attacks on his handling of child rape cases although he did not criticise Musk individually.

05/01 Musk says Farage should step down as leader of Reform UK

It was an abrupt withdrawal of support.

03/01 Musk likely to host German far-right leader for online chat

Elon Musk looks likely to host the leader of the far-right Alternative for Germany (AfD) party ahead of Germany's Feb. 23 national election in a live interview on X, his social media platform.

02/01 Musk donated $108 million in Tesla shares to unnamed charities, filing shows

Tesla chief executive Elon Musk donated 268,000 Tesla shares to unnamed charities just before the new year, according to a regulatory filing on Tuesday.

02/01 As Musk gains influence, questions hover over US probes into his empire

Last month, in the waning days of the Biden administration, the SEC set a tight deadline of several days for demanding that Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.

31/12 Elon Musk wants weak Europe, says Germany's vice chancellor

U.S. billionaire Elon Musk's support for Germany's far-right Alternative for Germany (AfD) is a "logical and systematic" play for a weak Europe that will not be able to regulate as strongly, Vice Chancellor Robert Habeck said in his New Year's address.

30/12 Berlin says Elon Musk trying to exert influence over German election

U.S. billionaire Elon Musk is trying to exert influence over the German election taking place in February, a government spokesperson said on Monday.

29/12 German politicians decry Elon Musk's AfD support as 'intrusive' election influence

Musk's endorsement comes as Germans are set to vote on Feb. 23 after a coalition government led by Chancellor Olaf Scholz collapsed.

28/12 Elon Musk vows 'war' over H-1B visa program amid rift with some Trump supporters

Elon Musk, the billionaire CEO of Tesla and SpaceX, vowed to go to "war" to defend the H-1B visa program for foreign tech workers late on Friday amid a dispute between President-elect Donald Trump's longtime supporters and his most recently acquired backers from the tech industry.

28/12 Elon Musk backs AfD party in German newspaper opinion piece

U.S. billionaire Elon Musk backed Germany's Alternative for Germany (AfD) in a guest opinion piece for Germany's Welt am Sonntag newspaper published online on Saturday that prompted the commentary editor to resign in protest.

20/12 House Democrat says Republicans protecting Elon Musk's Chinese investments

The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk's Chinese investments by scrapping provisions restricting U.S. investments.

20/12 Elon Musk gives nod to German far-right party as election looms

U.S. billionaire Elon Musk, set to join President-elect Donald Trump's administration, waded into Germany's election campaign on Friday, calling the far-right Alternative for Germany (AfD) the country's saviour.

17/12 Elon Musk, SpaceX face federal reviews over security, NYT reports

Elon Musk and SpaceX face at least three federal reviews over whether they have complied with federal reporting rules aimed at protecting national security, the New York Times reported on Tuesday.

14/12 OpenAI fires back at Elon Musk bid to block for-profit conversion

OpenAI asked a federal judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT maker’s conversion to a for-profit company.

13/12 Musk has until Monday to respond to SEC Twitter settlement, source says

The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source familiar with the matter told Reuters.

13/12 SEC 'reopens' probe into Neuralink, Musk's lawyer says

The U.S. Securities and Exchange Commission (SEC) this week has reopened an investigation into Elon Musk's brain-chip startup Neuralink, according to a letter shared by Musk on Thursday on social media platform X.

13/12 Elon Musk says SpaceX headquarters to be in Starbase, Texas

Elon Musk said on social media platform X on Thursday that the SpaceX headquarters will now officially be in the city of Starbase, Texas.

12/12 Elon Musk's net worth tops $400 billion, Forbes billionaires list shows

Tesla CEO Elon Musk's net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker's shares this year and the soaring valuation of his rocket company SpaceX.

06/12 Musk spent over a quarter of a billion dollars to help elect Trump

Elon Musk spent over a quarter of a billion dollars to help Donald Trump win November's presidential election, according to new filings, underscoring the influence one of the world's wealthiest people had on this year's White House race.

27/11 Breakingviews - Mapping the way for Elon Musk’s efficiency drive

Elon Musk’s understanding of the so-called deep state comes off as rather shallow. The Tesla CEO reckons $2 trillion can be slashed from the U.S. bureaucracy, echoing decades of arm-waving over wasteful spending in Washington. It’s a noble cause, but an implausible figure. Although there are undoubtedly savings to be found, it would be more helpful to find better ways to use allocated government c

26/11 Musk uses X to push his preferred political picks. Trump isn't always swayed

Billionaire Elon Musk has been using his social media platform X to go to bat for President-elect Donald Trump's cabinet picks and promote his own preferred candidates, advocating for choices he views as change agents who will help remake the U.S. government.

26/11 Breakingviews - Mapping the way for Elon Musk’s efficiency drive

Elon Musk’s understanding of the so-called deep state comes off as rather shallow. The Tesla CEO reckons $2 trillion can be slashed from the U.S. bureaucracy, echoing decades of arm-waving over wasteful spending in Washington. It’s a noble cause, but an implausible figure. Although there are undoubtedly savings to be found, it would be more helpful to find better ways to use allocated government c

22/11 Elon Musk blasts Australia's planned ban on social media for children

U.S. billionaire Elon Musk, owner of social media platform X, has criticised Australia's proposed law to ban social media for children under 16 and fine social media platforms of up to A$49.5 million ($32 million) for companies for systemic breaches.

21/11 X's former top policy chief takes job with Elon Musk rival, Sam Altman

Nick Pickles, the former head of global affairs at Elon Musk's social media platform X, is joining forces with one of Musk's rivals, his fellow OpenAI co-founder Sam Altman.

20/11 Musk, Ramaswamy plan to lean on Supreme Court rulings to reduce federal agencies reach

Elon Musk's government efficiency panel said in a Wall Street Journal opinion story on Wednesday that they will apply recent Supreme Court rulings that can be used to take power away from federal agencies to reduce rules the panel finds unnecessary, costly and inefficient.

17/11 Brazil's first lady insults Elon Musk at G20 social event

Brazil's first lady, Janja Lula da Silva, swore at billionaire Elon Musk during a G20 social event on Saturday at which she spoke about the need to regulate social media to rein in misinformation.

16/11 Musk says Howard Lutnick would 'enact change' if chosen for US Treasury job

Billionaire Elon Musk, an adviser to U.S. President-elect Donald Trump, said on Saturday that Cantor Fitzgerald CEO Howard Lutnick would "actually enact change" if chosen as U.S. Treasury secretary.

15/11 Musk's political ascendancy stirs hopes of redemption for X banks

The billionaire's Trump ties has some Wall Street banks are hoping they may soon be able to offload $13 billion of debt that backed his purchase of social media platform X, sources say

15/11 Elon Musk efficiency panel seeks 'high IQ' staff, plans livestreams

Elon Musk's government efficiency panel wants "high IQ" employees and plans weekly livestreams, according to X posts about President-elect Donald Trump's initiative to streamline the U.S. bureaucracy.

15/11 Democratic senators call for probe into Musk's Russia calls

Reports that billionaire Elon Musk has held multiple calls with Russian officials, including President Vladimir Putin, should be investigated by the Pentagon and law-enforcement agencies on national-security grounds, two senior Democratic senators said in a letter seen by Reuters on Friday.

15/11 Lawsuit claiming Elon Musk rigged dogecoin ends

A lawsuit accusing Elon Musk of rigging dogecoin is ending.

14/11 Exclusive: Trump's transition team aims to kill Biden EV tax credit

President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.

14/11 Trump victory could ease regulatory path for Musk’s robotaxi, but hurdles remain

As Tesla’s electric-vehicle sales have flattened this year, CEO Elon Musk has increasingly staked the company’s future on his vision for self-driving robotaxis, despite the massive technological and regulatory obstacles in delivering them.

13/11 How Musk's US government efficiency panel might work

Donald Trump has tasked Elon Musk with setting up a panel to streamline the U.S. government. Although the president-elect has said little about how this group would operate, Musk has previously set an ambitious goal of cutting $2 trillion of spending.

13/11 Exclusive: China battery giant CATL would build US plant if Trump allows it

CATL , the world's top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company's founder and chairman, Robin Zeng, told Reuters.

13/11 Trump names Musk, Ramaswamy to lead newly formed Department of Government Efficiency

U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency.

08/11 Musk joined Trump's call with Ukraine's Zelenskiy, media reports say

When Ukrainian President Volodymyr Zelenskiy called Donald Trump to congratulate him on his presidential election victory, Tesla CEO and Trump supporter Elon Musk joined the call, according to media reports on Friday.

08/11 Elon Musk's Mars dream could get boost from Trump victory

Elon Musk's dream of transporting humans to Mars will become a bigger national priority under the administration of U.S. President-elect Donald Trump, sources said, signaling big changes for NASA's moon program and a boost for Musk's SpaceX.

06/11 How Musk's clout with Trump could enrich his companies

Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secure favorable government treatment.

06/11 Tesla investors lose bid for new US trial over Musk's 2018 tweets

A U.S. appeals court on Wednesday upheld a jury's verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had "funding secured" to take the electric car company private.

06/11 Breakingviews - Elon Musk’s biggest conflict is with Donald Trump

Elon Musk has arrived. Shares of his electric car-maker Tesla added roughly $100 billion in value when markets opened Wednesday following Donald Trump’s presidential election victory. Musk backed the Republican to the hilt, and his vast web of business interests overlap – worryingly – with his new political role. The converse risk is that this puts him in the firing line of not only the trade war,

06/11 Elon Musk is sued over $1 million election giveaway

Elon Musk was sued in a proposed class action on Tuesday by registered voters who signed his petition to support the Constitution for a chance to win his $1 million-a-day giveaway, and now claim it was a fraud.

05/11 Musk now says it's 'pointless' to build a $25,000 Tesla for human drivers

When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network.

05/11 Musk and X are epicenter of US election misinformation, experts say

False or misleading claims by billionaire Elon Musk about the U.S. election have amassed 2 billion views on social media platform X this year, according to a report by non-profit group Center for Countering Digital Hate.

04/11 Judge weighs challenge to Elon Musk's $1 million voter giveaway

A judge in the battleground state of Pennsylvania on Monday will weigh whether to stop Elon Musk's $1 million-a-day giveaway to registered voters ahead of the U.S. presidential election.

31/10 Musk due in court as $1 million voter giveaway faces courtroom test

Elon Musk has been ordered to attend a Thursday hearing in a prosecutor's lawsuit to block the billionaire's $1 million-a-day giveaway to registered swing state voters ahead of the U.S. election on Nov. 5.

31/10 Judge orders Elon Musk to court over $1 million giveaway in US election

A judge ordered all parties, including Elon Musk, to attend a court hearing in Philadelphia on Thursday in a lawsuit seeking to stop a political action committee controlled by the billionaire from awarding $1 million to registered U.S. voters in battleground states ahead of the Nov. 5 U.S. election.

28/10 Philadelphia prosecutor sues Elon Musk group to stop $1 million lottery for voters

The Philadelphia District Attorney's Office on Monday filed a lawsuit seeking to stop a political action committee controlled by billionaire Elon Musk from awarding $1 million to registered U.S. voters in battleground states ahead of the Nov. 5 election.

27/10 Washington Post reports Elon Musk briefly worked illegally in US in 1990s

The Washington Post reported on Saturday that South African-born billionaire businessman Elon Musk worked illegally in the United States during a brief period in the 1990s while building a startup company.

25/10 Breakingviews - Elon Musk creates a must-win election

Biting the hand that feeds you typically makes for a poor business strategy, but perhaps Elon Musk just has a stronger risk tolerance. Despite his core businesses in electric vehicles, batteries, solar panels, and space exploration benefiting significantly from Biden administration policies and investments, the billionaire has made the election a must-win for himself and his expanding global ambit

25/10 Musk sends more money to back Trump, giving $44 mln to super PAC

Elon Musk gave about $44 million to his pro-Donald Trump spending group during the first half of October, federal disclosures showed on Thursday, as the billionaire stepped up his efforts for the Republican candidate in the Nov. 5 election.

22/10 Elon Musk delivers cash, conspiracies to Pennsylvania voters

The CEO of Tesla and SpaceX handed out two $1 million checks to randomly picked people who signed his online petition backing US constitutional rights to freedom of speech and bear arms.

21/10 Elon Musk's $1 million election giveaway tests limits of election law

Legal experts are divided about whether the billionaire supporter of Donald Trump could be running afoul of prohibitions on paying people to register to vote.

20/10 Elon Musk's daily $1 million payouts at Trump rally draw legal scrutiny

Experts pointed to provisions in federal law that prohibit making cash payments to voters.