Category: Elon Musk

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TechCrunch Minute: Elon Musk's big plans for xAI include raising $6 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 and is currently suing for allegedly abandoning its initial commitment to focus on the good of humanity over profit.
You may be wondering: Doesn’t Musk have enough […]
TechCrunch Minute: Elon Musk's big plans for xAI include raising $6 billion

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Elon Musk Can't Solve Tesla's China Crisis With His Desperate Asia Visit | WIRED

Elon Musk will be pleased that his surprise jaunt to China on Sunday garnered many glowing headlines. The trip was undoubtedly equally a surprise to Indian prime minister Narendra Modi, who had been scheduled to offer Musk the red carpet on a long-arranged visit.
The billionaire blew off India at the last minute, citing “very heavy Tesla obligations.” Indeed, Tesla has had a tumultuous couple of weeks, with federal regulator slap-downs, halved profits, and price-cut rollouts. Yet, in a very […]
Elon Musk Can't Solve Tesla's China Crisis With His Desperate Asia Visit | WIRED

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Elon Musk Reaches Deals in China on Self-Driving Teslas – The New York Times

Elon Musk met with the country’s premier, a longtime Tesla ally, and secured regulatory nods and a necessary partnership with a Chinese tech company.
Keith Bradsher reported from Beijing and Jack Ewing reported from New York.
Tesla has concluded a series of arrangements with regulators and a Chinese artificial intelligence company during a quick trip to Beijing on Sunday and Monday by Elon Musk, the car maker’s chief executive, potentially clearing the way for the company to offer its most […]
Elon Musk Reaches Deals in China on Self-Driving Teslas – The New York Times

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Tesla CEO Elon Musk makes surprise visit to China – Fox Business

Barron’s senior writer Al Root discusses Tesla’s market performance and automaker strategies when it comes to electric vehicles.
Tesla CEO Elon Musk visited China over the weekend and met with Chinese Premier Li Qiang.
Musk said Sunday on X that he was "honored" to meet with Li, adding, "We have known each other now for many years, since early Shanghai days."
Musk had not previously announced plans to go to China or meet with Li.
Elon Musk speaks onstage during The New York […]
Tesla CEO Elon Musk makes surprise visit to China – Fox Business

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US Supreme Court won't hear Elon Musk dispute over SEC settlement – Yahoo Finance

WASHINGTON (Reuters) – The U.S. Supreme Court declined on Monday to hear Elon Musk's bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman's public statements about his electric car company Tesla.
The justices turned away Musk's appeal of a lower court's decision upholding the 2018 settlement reached after he said on social media that he had "funding secured" to take Tesla private – a […]
US Supreme Court won't hear Elon Musk dispute over SEC settlement – Yahoo Finance

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Elon Musk loses at Supreme Court in case over “funding secured” tweets | Ars Technica

The US Supreme Court today rejected Elon Musk’s attempt to terminate his settlement with the Securities and Exchange Commission.
Musk appealed to the Supreme Court in December 2023, claiming the settlement he agreed to in 2018 forced him to “waive his First Amendment rights to speak on matters ranging far beyond the charged violations.” The SEC settlement requires Musk to get pre-approval from a Tesla securities lawyer for tweets or other social media posts that may contain information material […]
Elon Musk loses at Supreme Court in case over “funding secured” tweets | Ars Technica

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Elon Musk's 'Twitter sitter' appeal over Tesla posts rejected by Supreme Court | CNN Politics

The Supreme Court on Monday turned away Tesla CEO Elon Musk’s request to back out of a settlement agreement he struck with the Securities and Exchange Commission in 2018 over a series of tweets about the car maker that regulators alleged were fraudulent.

Musk’s now-infamous 2018 tweet claimed he had “funding secured” to take Tesla private at $420 a share, a statement the SEC said was untrue and that led to wild swings in the company’s stock price.
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Elon Musk's 'Twitter sitter' appeal over Tesla posts rejected by Supreme Court | CNN Politics

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'Watershed moment' for Tesla as Elon Musk's visit to China reaps quick reward

Deal to use mapping data from web search giant Baidu is a big step towards launching driver assistance tech in world’s biggest car market
Elon 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 […]
'Watershed moment' for Tesla as Elon Musk's visit to China reaps quick reward

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Tesla founder Musk visits China as competitors show off new electric vehicles at Beijing auto show

BEIJING (AP) — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show.
Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as a successful example of economic cooperation, China’s state broadcaster CCTV said on its main evening news […]
Tesla founder Musk visits China as competitors show off new electric vehicles at Beijing auto show

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Elon Musk wins official praise for Tesla during surprise visit to China | CNN Business

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world.

Elon Musk has made a surprise visit to China as he bids to shore up Tesla’s slumping sales and introduce the carmaker’s self-driving technology in its second biggest market in the face of ferocious competition.

His second trip to the country in less than a year included a meeting Sunday with […]
Elon Musk wins official praise for Tesla during surprise visit to China | CNN Business