(Bloomberg) -- Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.”Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting...
Tesla CEO Elon Musk says Tesla plans to build “affordable models” that incorporate pieces of a next-generation platform on the production lines in the company’s existing factories in China, Germany, California and Texas.
xAI, Elon Musk's artificial intelligence startup aiming to rival ChatGPT developer OpenAI, is set to close a massive $6 billion funding round that values the 10-month-old company at a staggering $18 billion.
Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
Justices reject appeal from CEO, who said requirement amounts to ‘prior restraint’ on his speech in violation of first amendmentThe supreme court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads.The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior...
Deal to use mapping data from web search giant Baidu is a big step towards launching driver assistance tech in world’s biggest car marketElon Musk’s visit to China has reportedly reaped immediate rewards with a deal for Tesla to use mapping data provided by web search company Baidu, a big step in introducing driver assistance technology in the world’s largest car market.Musk made an unannounced visit to China over the weekend. The billionaire posted a picture of his meeting with the Chinese...
Tesla is pushing hard to get shareholder approval for Elon Musk's compensation plan, even though a judge recently ruled against it. The company argues that the package is essential for Tesla's future achievements.The critical question remains: why does Tesla's board believe a $55 billion compensation package is justified for Elon Musk? The company frames it as a matter of respect and fair treatment for their CEO.Tesla is seeking shareholder approval to reinstate Musk's controversial £44 billion...
TechCrunch recently broke the news that Elon Musk’s xAI is raising $6 billion at a pre-money valuation of $18 billion. The deal hasn’t closed yet, so the numbers could change. But it sounds like Musk is making an ambitious pitch to investors about his 10-month-old startup — a rival to OpenAI, which he also co-founded […] © 2024 TechCrunch. All rights reserved. For personal use only.
The notification allowed 100% foreign direct investment into the category of manufacturing and operation of satellites and satellite data products.
In a brief email to staffers on Wednesday, Tesla CEO Elon Musk said the company sent incorrect severance packages to some employees who lost their jobs.
Tesla board calls June 13 shareholder vote on Musk's pay and move to Texas.
The classified project is meant to enhance the US government’s ability to track military and intelligence targets from low-Earth orbits