Elon Musk’s $44 billion Twitter deal gets board endorsement
NEW DELHI: Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain […]
Elon Musk activates Starlink internet service in Ukraine
Elon Musk said Saturday his company SpaceX’s Starlink satellite broadband service had been activated in Ukraine, after a Kyiv official urged the tech titan to provide his embattled country with stations. “Starlink service is now active in Ukraine,” Musk tweeted, adding “more terminals en route.” The tweet came some 10 hours after Ukrainian Minister of […]
World’s richest 500 lose $135 billion as Evergrande concerns spark market rout
By Tom Maloney & Blake Schmidt A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion. Tesla Inc.’s Elon Musk led the declines as his world-leading net worth fell $7.2 billion to $198 billion, according to […]
‘NASA rules,’ Elon Musk says as SpaceX wins $2.9 billion moon lander contract
By Raphael Satter Hyunjoo Jin, and Munsif Vengattil NASA awarded billionaire entrepreneur Elon Musk’s space company SpaceX a $2.9 billion contract to build a spacecraft to bring astronauts to the moon as early as 2024, the agency said on Friday, picking it over Jeff Bezos’ Blue Origin and defense contractor Dynetics Inc. Bezos and Musk […]
Elon Musk says had once reached out to Apple for acquiring Tesla
NEW DELHI: Silicon Valley billionaire Elon Musk said on Tuesday he reached out to Apple Inc Chief Executive Officer Tim Cook “during the darkest days of the Model 3 program” to discuss the possibility of the iPhone maker acquiring Tesla Inc for a tenth of its current value. “He refused to take the meeting”, said […]
Elon Musk overtakes Bill Gates to grab world’s second-richest ranking
NEW DELHI: Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world’s second-richest person. The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price. Musk has added $100.3 billion to his net […]
Tesla working on India entry, process begins in January: Elon Musk
NEW DELHI: Tesla CEO Elon Musk on Monday further revealed plans for the India entry of the electric car maker, saying the process to bring Tesla cars to India will begin in January 2021. Earlier this month, Musk said the electric car maker is finally ready to enter the India market next year. Reacting to […]
Tesla coming to India next year: Elon Musk
NEW DELHI: Tesla CEO Elon Musk said on Friday that the electric car maker is finally ready to enter the India market in 2021. Musk revealed his plans to bring Tesla cars to India in his response to a Twitter post that asked about the progress on Tesla’s planned entry into India. “Next year for […]
Elon Musk’s bizarre tweet wipes $14 billion off Tesla market value in hours
NEW DELHI: Elon Musk may lose his job as Tesla chief execuive as the carmaker’s board, as well as the US Securities and Exchange Commission (SEC), must have taken into account his bizarre tweet that brought Tesla’s market value down by $14 billion in hours. The tweet saying that Tesla stock was “too high” also […]