“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.
Musk claimed OpenAI and Altman elected to use the company’s technology “to maximize profits” for Microsoft rather than for the benefit of humanity, adding that its entire line of development “is now veiled in secrecy.”