A federal judge on Tuesday rejected Elon Musk’s bid to dismiss a U.S. Securities and Exchange Commission lawsuit that claimed he waited too long to disclose his purchases of Twitter shares in 2022. U.S. District Judge Sparkle Sooknanan in Washington, D.C., said none of Musk’s arguments warranted a dismissal, including his claim that the SEC […]
Elon Musk Loses Bid to Dismiss SEC Lawsuit Over Twitter Stake Read More »
Explainer-Why does Elon Musk want to put AI data centers in space?
Explainer-Why does Elon Musk want to put AI data centers in space? Read More »
Elon Musk becomes first person worth $700 billion after court ruling on pay package
Elon Musk becomes first person worth $700 billion after court ruling on pay package Read More »
(Image credit: Getty Images) Renewed hope for another rate cut in December and refreshed faith in the AI trade carried stocks to a second day of gains to start Thanksgiving week. The Nasdaq led the S&P 500 and the Dow Jones Industrial Average higher as investors, traders and speculators await more shutdown-delayed economic data amid
Nasdaq Rises 2.7% as Musk Tweets TSLA Higher: Stock Market Today Read More »
Key Takeaways Elon Musk said Tesla would need a “gigantic” semiconductor fabrication plant to support its AI ambitions and that he’s considering working with Intel to make new chips. Such a deal would likely boost Intel’s stock and sentiment around its trajectory. It could also buy some political goodwill for Tesla. After a string of
Elon Musk Dropped the Name of a Possible Chip Partner for Tesla Last Night Read More »
Key Takeaways Tesla shareholders yesterday approved a pay package for CEO Elon Musk that could be worth $1 trillion if the company and its stock hit certain goals. One of the pay plan’s performance targets is to expand Tesla’s stock market valuation to $8.5 trillion from its current $1.4 trillion. Tesla shareholders showed up for
Elon Musk Got His $1 Trillion Pay Package. Now Tesla’s Moonshot Goals Are In Focus. Read More »
The world’s richest person could find himself much, much richer if he achieves the board’s proposed long-term goals. It hasn’t been the best year for Tesla (TSLA 0.15%) so far, with the stock down over 8% through Sept. 8 (the worst-performing of the “Magnificent Seven” stocks). Part of this has to do with the company’s
Tesla Just Offered Elon Musk $1 Trillion. Here’s What It Could Mean for the Company. Read More »
The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. The filing in Miami federal court seeks to overturn the $243 million award after a
Tesla Asks Court to Throw Out $243M Award; Says Comments About Musk Misled Jury Read More »
The devastating flooding in Houston caused by Hurricane Harvey in 2017 killed dozens of people, inundated hundreds of thousands of homes and left the community desperate for a solution. Since then, local flood experts have extensively studied the possibility of a multibillion-dollar tunnel system across Harris County. Studies have focused on the construction of pipelines,
Elon Musk accused Apple Inc. and OpenAI in a lawsuit of unfairly favoring the artificial intelligence company across iPhones and thwarting competition for other chatbot makers. Musk’s X and xAI seek billions of dollars in damages in the suit filed Monday in federal court in Fort Worth, Texas, arguing that Apple’s decision to integrate OpenAI
Musk Sues Apple, OpenAI, Saying They Hurt AI Competition Read More »