Delaware judge blocks Elon Musk’s $55.8bn Tesla pay package

 CEO Elon Musk attends a symposium on “Antisemitism Online” during the European Jewish Association conference in Krakow, on January 22, 2024. — AFP A judge in the United States’ Delaware state has annulled Elon Musk’s Tesla pay package, valued at $55.8 billion, after ruling that the business tycoon and his lawyers were unable to prove “that […]

Elon Musk’s xAI eyes funds worth billions to challenge rival OpenAI

Elon Musk gestures during a gathering. — AFP/File Elon Musk’s business, xAI, is reportedly in talks to acquire a significant funding round of up to $6 billion, with a proposed valuation of $20 billion, in an attempt to transform the artificial intelligence (AI) landscape. This information, which was made public by the Financial Times on […]

Elon Musk’s X to release peer-to-peer payments in 2024

Tesla CEO Elon Musk smiles as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway, on August 29, 2022. — AFP Elon Musk’s social media network X, formerly known as Twitter, declared it will provide peer-to-peer payments this year. According to X, the payments will open up “more user utility […]

Elon Musk’s offer to MrBeast shot down over X’s poor monetisation methods

Elon musk and MrBeast or Jimmy Donaldson. — X/@getty Elon Musk’s recommendation that MrBeast, a hugely successful YouTuber, upload his videos to X was met with a harsh criticism of the struggling social media platform’s monetisation methods. Musk seemed to support the notion after MrBeast, whose real name is Jimmy Donaldson, stated on X that […]

Chinese company beats Elon Musk’s SpaceX

Representational image. — Landspace Chinese startup LandSpace Technology Corp has defeated Elon Musk-owned SpaceX in the race to launch a methane-fueled rocket, Bloomberg reported. The development has bolstered the Asian nation’s goal of challenging the United States as the dominant power in space, according to the wire service. The Chinese company launched its rocket — […]

Elon Musk’s Tesla cuts US prices for fifth time since January

The image shows Elon Musk sitting in a Tesla.— AFP/file After pricing adjustments made throughout the first quarter resulted in an additional sales gain, Tesla reduced the prices of every vehicle it sells in the US once more. Each version of the company’s more popular Model 3 and Y electric vehicles received a minimum $1,000 […]

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