SAN FRANCISCO — While still grappling with the fallout from buying Twitter, billionaire Elon Musk is now facing a trial over tweets he made about Tesla. Long before Musk purchased Twitter for $44 billion in October, he had set his sights on Tesla, the electric automaker where he continues to serve as...
Rocky Ride: Tesla Stock on Pace for Worst Year Ever
Owning Tesla stock this year has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. By comparison, the benchmark index is...
Musk Says Twitter in Precarious Position, Defends Cost Cuts
Elon Musk is defending his massive cost-cutting at Twitter as necessary for the social media platform to survive next year, due in part to debt payments tied to his $44 billion takeover of the company. “This company is like, basically, you’re in a plane that is headed towards the ground...
Musk Says He’ll Be Twitter CEO Until a Replacement Is Found
Elon Musk said Tuesday that he plans on remaining as Twitter's CEO until he can find someone willing to replace him in the job. Musk’s announcement came after millions of Twitter users asked him to step down in an unscientific poll the billionaire himself created and promised to abide by....
Musk Wants US to Pay Tab for His Satellite Network over Ukraine
WASHINGTON — The Defense Department has gotten a request from SpaceX and Tesla founder Elon Musk to take over funding for his satellite network that has provided crucial battlefield communications for Ukrainian military forces during the war with Russia, U.S. officials said Friday. The officials, who spoke on condition of...
Planning to Buy a Tesla? Musk Says He’ll Soon Take Bitcoin in Payment
SILVER SPRING, Md. — Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15% to above $43,000 Monday. The California-based electric car maker headed by Elon Musk revealed the...
Thank You, Texas, For Taking Elon Musk
Thank you, Texas, for taking Elon Musk off our hands. It may seem strange for California to not care as the world’s fourth-richest person relocates from L.A. to Austin. But we’re sanguine for two reasons: we recognize the hazards of living amongst the very rich, and we know this billionaire...
‘Bummed Out’: SpaceX Launch Scrubbed Because of Bad Weather
CAPE CANAVERAL, Fla. — The launch of a SpaceX rocket ship with two NASA astronauts on a history-making flight into orbit was called off with less than 17 minutes to go in the countdown Wednesday because of thunderclouds and the danger of lightning. Liftoff was rescheduled for Saturday afternoon. The...
Tesla’s Musk Defies Lockdown Order, Restarts Calif. Factory
FREMONT — Tesla CEO Elon Musk is restarting the company's California factory in defiance of local government efforts to contain the coronavirus. In a tweet Monday, Musk practically dared authorities to arrest him, writing that he would be on the assembly line and if anyone is taken into custody, it...
Virus Skeptic Musk Donates Ventilators in What Governor Calls ‘Heroic Effort’
[aggregation-styles] Bloomberg SubscriptionElon Musk, the chief executive officer of Tesla Inc. and an outspoken skeptic of the severity of the coronavirus outbreak, donated more than 1,000 ventilators to officials in Los Angeles to meet demand as the pandemic becomes more severe. The billionaire said in a tweet he helped acquire...