Elon Musk

Regulators said the issue was likely caused by an unapproved soap used during manufacturing.

“There is nothing I hate more, but it must be done,” Tesla’s centibillionaire CEO Elon Musk reportedly said about his company’s decision to eliminate more than 10% of its workforce.

New users in New Zealand and the Philippines have already had to pay a $1 annual fee to access functions like posting, liking and replying.

Demand is high and supply is low for the CyberBeast, the highest-end version of Tesla’s cyber truck.

Billionaire Tesla CEO Elon Musk announced Friday afternoon in a post on X that Tesla will unveil its highly anticipated robotaxi later this summer—delivering an after-hours boost to the company’s beleaguered stock.

It was a “nightmare quarter” for Elon Musk’s electric vehicle titan.

A contract between SpaceX and the U.S. is worth $1.8 billion, Reuters reported.

Musk’s net worth is down almost $60 billion in 2024 alone, according to Forbes’ estimates, as Tesla stock tanked and a judge swatted down Musk’s record compensation package.

Novo Nordisk and Eli Lilly each have a higher market capitalization than Tesla, a dramatic shift from the end of 2021, when Tesla was worth four times more than each of the weight loss kingpins.

In a blog post, OpenAI says Musk wanted to merge the company with Tesla, and when this didn’t happen, he gave it a “0%” chance of succeeding against Google.