Articles for Company Tesla

Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO
1 week, 2 days ago

Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO

Live Mint  

San Francisco-based OpenAI has added a new twist to its ongoing controversy with Elon Musk by releasing a list of emails on its website claiming that the Tesla CEO wanted a for-profit structure for the startup. OpenAI shared documents showing that Elon Musk instructed his wealth manager, Jared Birchall, to register a company called "Open Artificial Intelligence Technologies, Inc.", which …

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Trump team set to end key vehicle safety rule opposed by Elon Musk's Tesla: report
1 week, 3 days ago

Trump team set to end key vehicle safety rule opposed by Elon Musk's Tesla: report

Raw Story  

Donald Trump's transition team will make a recommendation that would sabotage the government's ability to investigate and regulate the safety of self-driving vehicles like those Elon Musk's company is developing, according to a new report. Reuters obtained a document developed as part of a 100-day strategy showing the recommendation to spike a crash-reporting requirement opposed by Musk's company Tesla, which …

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Not Trump or Vance, Elon Musk & his businesses were this election's biggest winners. Here's how
1 month, 2 weeks ago

Not Trump or Vance, Elon Musk & his businesses were this election's biggest winners. Here's how

Firstpost  

Musk, a long-time critic of government regulation, appears to have found a natural ally in Trump. The tech mogul has often butted heads with authorities whenever his businesses have been hit with fines or penalties Musk’s vision for a Department of Government Efficiency under Trump could involve loosening these types of restrictions, giving his space enterprise a significant lift. Musk’s …

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Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package
6 months, 1 week ago

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package

LA Times  

Tesla shareholders voted to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year. Tesla shareholders voted Thursday to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the …

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'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees
8 months, 1 week ago

'Reduce Cost, Increase Productivity': Elon Musk On Tesla's Decision To Lay Off Over 14,000 Employees

ABP News  

Tesla, the Elon Musk-owned electric vehicle major, has recently disclosed plans to reduce its workforce globally by over 10 per cent, as reported by electrek.com, based on an internal memo shared by Musk with employees. What Musk Said Elon Musk has communicated through an internal memo that the company needs to enhance productivity and cut costs to gear up for …

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Jeff Bezos overtakes Elon Musk as world's richest for the first time in three years as Amazon founder's net worth tops $200billion while Tesla creator's stumbles after $55.8billion compensation packag
9 months, 2 weeks ago

Jeff Bezos overtakes Elon Musk as world's richest for the first time in three years as Amazon founder's net worth tops $200billion while Tesla creator's stumbles after $55.8billion compensation packag

Daily Mail  

Jeff Bezos is back on top as the world's richest man for the first time in three years as his worth sits at $200billion and former No. At the same time, Tesla CEO and X chair Musk, 52, saw a judge rule in late January that he must hand back the biggest pay packet in corporate history, at $55billion, following …

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Elon Musk’s SEC woes: US agency to investigate X’s acquisition, force Musk to testify
1 year, 2 months ago

Elon Musk’s SEC woes: US agency to investigate X’s acquisition, force Musk to testify

Firstpost  

The US SEC is investigating how Elon Musk took over X and if he broke any laws in doing so. The SEC also plans to force Elon to testify and participate in the investigation, given that he has been allegedly dodging the investigation for weeks now The US Securities and Exchange Commission is seeking to force Elon Musk to testify …

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Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China
1 year, 2 months ago

Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China

Firstpost  

Elon Musk’s Tesla is struggling in China, the world’s largest EV market despite starting a price war that tried to undercut other local players. In September, the Beijing-headquartered premium EV maker delivered 36,060 vehicles, marking a 3.3 per cent increase from the previous month and an impressive 212.7 per cent year-on-year growth. During the third quarter, Li Auto shipped 105,108 …

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Elon Musk creates new AI company called X.AI
1 year, 8 months ago

Elon Musk creates new AI company called X.AI

The Telegraph  

Elon Musk has set up a new artificial intelligence company called X.AI Corp, according to a state filing in Nevada. The filing, made last month and reported on Friday by The Wall Street Journal, lists Mr Musk as the only director of the company, and Jared Birchall – the director of Mr Musk's family office – as its secretary. Mr …

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Tesla requests $330M-plus in additional Nevada tax breaks
1 year, 9 months ago

Tesla requests $330M-plus in additional Nevada tax breaks

Associated Press  

RENO, Nev. — Tesla may receive over $300 million in tax abatements over the next two decades for a massive new expansion of its northern Nevada facility, the product of a 2014 deal for when the company first came to the area on the promise of new jobs and major investments in the area. Combined with both its 2014 investment …

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Tesla to universalise US charging stations as part of $7.5 bn federal program
1 year, 10 months ago

Tesla to universalise US charging stations as part of $7.5 bn federal program

Live Mint  

As a part of the universalisation of EV charging in the USA, the Biden administration collaborated with Tesla to open part of its US charging network to all Electric Vehicles. Tesla EV charging stations will be open to all under the $7.5 billion federal program for the expansion of EVs and cut carbon emissions. The electric car maker is planning …

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Elon Musk's Next Drama: A Trial Over His Tweets About Tesla
1 year, 11 months ago

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding …

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Elon Musk’s next drama: A trial over his tweets on Tesla
1 year, 11 months ago

Elon Musk’s next drama: A trial over his tweets on Tesla

Al Jazeera  

Trial on Tesla boss Musk’s old tweets that he had raised money to take the auto firm private is set to start on Tuesday. Musk’s tweets back then fuelled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he did not have the funding for a buyout after all. Chen dealt Musk …

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Tesla slashes prices up to 20% in broad bid to boost sales
1 year, 11 months ago

Tesla slashes prices up to 20% in broad bid to boost sales

LA Times  

Tesla cut prices across its lineup in the U.S. and major European markets in the carmaker’s latest effort to stoke demand after several quarters of disappointing deliveries. The drastic changes sent Tesla shares tumbling, as they reflect the conundrum the company faces after coming up well short of its vehicle deliveries target despite year-end discounts and incentives. Business Feds reviewing …

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Elon Musk sold more than $3.5 billion worth of Tesla shares
2 years ago

Elon Musk sold more than $3.5 billion worth of Tesla shares

Live Mint  

Elon Musk sold more than $3.5 billion worth of Tesla Inc. stock this week in his second round of sales since buying Twitter Inc. Mr. Musk sold nearly 22 million Tesla shares over a three-day period ending Dec. 14, according to a regulatory disclosure made public Wednesday. This week’s sales mean the Tesla chief executive has sold more than $39 …

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Tesla board’s view that Elon Musk is irreplaceable emerged in pay trial
2 years, 1 month ago

Tesla board’s view that Elon Musk is irreplaceable emerged in pay trial

Live Mint  

The scale of concern among Tesla Inc. board members about how to keep Elon Musk‘s attention trained on the electric-vehicle maker loomed large during a weeklong trial over the chief executive’s pay package. Mr. Musk, for his part, recently identified someone as a possible successor to him as CEO, the board member James Murdoch testified, signaling that the serial entrepreneur …

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Elon Musk sells almost $4 billion of Tesla stock after Twitter takeover
2 years, 1 month ago

Elon Musk sells almost $4 billion of Tesla stock after Twitter takeover

Live Mint  

Elon Musk sold almost $4 billion in Tesla Inc. stock after buying Twitter Inc. for $44 billion. Mr. Musk late last month completed his acquisition of Twitter after agreeing in April to pay $54.20 for each share he didn’t already own. Mr. Musk said Friday in a tweet that Twitter had suffered “a massive drop in revenue" and was losing …

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‘Unknowns’ delay Tesla’s ramp-up of its own cutting-edge batteries
2 years, 5 months ago

‘Unknowns’ delay Tesla’s ramp-up of its own cutting-edge batteries

The Hindu  

Tesla Inc is falling short of CEO Elon Musk's target to make its own next-generation batteries, sparking questions over the top electric car maker's ability to maintain its blistering expansion of auto production next year and beyond. Tesla said on Wednesday it would rely on suppliers to meet battery demand this year, as the necessity of learning new technologies is …

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Tesla moves to push lawsuit over mass layoffs out of court
2 years, 5 months ago

Tesla moves to push lawsuit over mass layoffs out of court

The Hindu  

Tesla Inc on Thursday asked a U.S. court to dismiss a lawsuit claiming the electric car maker violated federal law by laying off hundreds of workers without advance notice. Even if the case remained in court, it should be dismissed because the company was merely “right-sizing” by firing poorly performing workers and not engaging in layoffs that require advance notice, …

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A hitchhiker’s guide to Elon Musk
2 years, 7 months ago

A hitchhiker’s guide to Elon Musk

The Hindu  

Elon Musk joins a long line of wealthy tycoons who have bought media outlets. Mr. Musk, the world’s richest man, has business interests that include electric vehicles and space transportation, with companies valued much higher than Twitter. Here’s the ABC of possible clues: A for Asimov: On several occasions, Mr. Musk has discussed the influence of science fiction, particularly the …

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Elon Musk is welcome, but he has to Make in India: Nitin Gadkari
2 years, 7 months ago

Elon Musk is welcome, but he has to Make in India: Nitin Gadkari

India Today  

Union Road Transport and Highways Minister Nitin Gadkari on Tuesday, April 26, said Tesla CEO Elon Musk is welcome to India but the company must 'Make in India'. He said, "If Elon Musk is ready to manufacture in India, we have all the competencies and technology. Earlier in January, Musk had said his company is facing a ‘lot of challenges’ …

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It's Elon Musk's world and we just live in it: Tech visionary turns social media king
2 years, 7 months ago

It's Elon Musk's world and we just live in it: Tech visionary turns social media king

Firstpost  

Elon Musk’s takeover of Twitter caps a rollercoaster of announcements and counter-announcements — which he characteristically punctuated by gleefully firing jabs at the company on its own platform San Francisco: Sometimes it feels like it’s Elon Musk’s world and we just live in it. Musk, 50, last year became the world’s richest person – taking the title from Amazon’s Jeff …

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Elon Musk to buy Twitter for $44B and take it private
2 years, 7 months ago

Elon Musk to buy Twitter for $44B and take it private

Associated Press  

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers. Musk said last week that he …

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Elon Musk reaches $44-billion deal to buy Twitter
2 years, 7 months ago

Elon Musk reaches $44-billion deal to buy Twitter

LA Times  

The social media company approved the billionaire and avid Twitter user’s $44-billion bid after weeks of back and forth Elon Musk’s bid to buy Twitter and take the company private succeeded Monday, 11 days after the world’s wealthiest man first announced that he’d like to buy the social media company. In a virtual all-hands meeting Monday afternoon, Twitter Chief Executive …

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