Elon Musk

Tesla has lost $210 billion of market value in 2024 while Eli Lilly gained $140 billion, as investors trade ditch their EV optimism for the GLP-1 craze.

Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.

The billionaire justified the decision on the results of an unscientific poll run on his X account a day earlier.

A change to the design of new Tesla Model 3 vehicles means that infant or child car seat restraints cannot be securely attached, according to the Australian Department of Infrastructure and Transportation.

Tesla shares dropped around 2% in after-hours trading following the ruling.

Since 2016, Elon Musk’s startup Neuralink has been working on developing a brain chip that will allow users to control devices using only their thoughts. For the first time, it’s been implanted into a human being.

Billionaires around the world are now US$3.3 trillion (AU$5 trillion) richer than they were in 2020, with their wealth growing three times as fast as the rate of inflation, Oxfam’s Inequality Inc report has revealed.

Half of internal moderators and a third of X’s trust and safety team globally were fired after Musk’s arrival, Australia’s online safety regulator says.

The social media company said the service will be part of its push to become an “everything app.”

The billionaire claimed he has been taking random drug tests since he smoked marijuana on an episode of the “Joe Rogan Experience.”