Category: Elon Musk

White House Says ‘Not True’ There Is National Security Review of Elon Musk

October 25, 2022
Business & MarketsCompaniesElon MuskExecutive BranchNational SecurityPoliticsSpaceXTwitterUnited StatesUS
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WASHINGTON—Reports that the United States was discussing launching a national security review of some of Elon Musk’s ventures were “not true,” said the White House on Monday. White House press secretary Karine Jean-Pierre declined to comment on the Biden administration’s relationship with Musk or his business dealings with other countries. Asked about a Bloomberg News…

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Neuralink’s ‘Show & Tell’ Delayed by One Month, Elon Musk Says

October 25, 2022
Business & MarketsCompaniesDelayElon MuskNeuralinkTechTech News
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Billionaire Elon Musk said in a tweet on Sunday pushed back by a month the date for Neuralink’s “show & tell” event to Nov. 30 and did not provide further information. The chief executive of electric car maker Tesla Inc. and rocket developer SpaceX said in August that the event would be held on Oct….

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Tesla Cuts China Prices by up to 9 Percent as Analysts Warn of ‘Price War’

October 24, 2022
Business & MarketsChinaChina Business & EconomyElon MuskMarketsrecessiontesla
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SHANGHAI—Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9 percent in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle (EV) giant’s China website on…

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Stocks End Higher on Wall Street, Notching Weekly Gains

October 21, 2022
Business & MarketsDow JonesElon MuskMarketsstocksStocks RiseWall Street
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Wall Street capped a volatile run for stocks with a broad rally Friday, contributing to sizable weekly gains for major indexes. The S&P 500 rose 2.4 percent and notched its biggest weekly gain since June. The Dow Jones Industrial Average rose 2.5 percent and the Nasdaq composite ended 2.3 percent higher. More than 90 percent of the stocks…

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Elon Musk Says a Global Recession Could Last Until Spring 2024, While Slamming the Fed for Hiking Rates

October 21, 2022
Business & MarketsCompanieseconomic policieseconomyElon MuskFederal ReserveinflationMarketsrecessionUSWorld
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Elon Musk, the founder and CEO of Tesla and SpaceX, predicted a global recession that will last through the spring of 2024, while at the same time attacking policy actions by the Federal Reserve. On Oct. 21, Musk exchanged tweets with Dogecoin co-creator Billy Markus, who uses the Twitter handle Shibetoshi Nakamoto (the name used…

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Elon Musk Reacts to Reports Biden Admin Looking to Block His Twitter Deal

October 21, 2022
biden administrationBusiness & MarketsCompanieseconomyElon MuskExecutive BranchMedia & Big TechPoliticsStarlinkTwitterUSUS News
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Tesla CEO Elon Musk has reacted to reports that President Joe Biden’s administration is considering looking into the billionaire’s acquisition of Twitter as well as his actions with SpaceX’s Starlink satellite network to see if they should be subject to national security reviews. Musk took to Twitter late on Thursday, replying to a post by American mixed martial…

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Shareholder Group Wants Tesla to Link Musk’s Pay to ESG Metrics

October 21, 2022
Business & MarketsCompaniesElon MuskESGtesla
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Retail activist shareholder platform Tulipshare called on Tesla Inc. to tie its executive pay to environmental, social, and governance (ESG) factors and said it expects to file a shareholder resolution on the matter for the electric carmaker’s annual meeting next year. Antoine Argouges, chief executive of Britain-based Tulipshare, said a decision by S&P Dow Jones…

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Owning a Social Media Company: New Status Symbol or Something More?

October 18, 2022
Elon MuskKanye WestOpinionPARLERTwitterViewpoints
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Commentary It used to be owning a super yacht or your own private island, but today, it seems if you’re really rich, you want your own social media company. Elon Musk has been engaged in buying Twitter for the better part of a year—or is it two? Now, Parler has announced that it’s being bought…

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EU Mulls Paying for Elon Musk’s Starlink Internet for Ukraine: Report

October 18, 2022
Business & MarketsCompaniesElon MuskEuropeInternationalMedia & Big TechRussia-Ukraine WarStarlinkUkraineWorld
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European Union countries are discussing covering the costs of providing Ukraine with Starlink internet, a Lithuanian official told Politico, which comes as Elon Musk’s rocket company SpaceX continues to pay for it but is looking for external funding to foot the bill for the service. Lithuania’s Foreign Minister Gabrielius Landsbergis told Politico in an interview…

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LIVE 10:30 AM ET: NATO Readies Nuclear Exercises; Elon Musk Placed On Ukraine ‘Hit List’

October 17, 2022
CrossroadsElon MuskEpochTVFeatured TopicsLive VideosNATONuclearPolicies & ImpactsRussiaUkraineUSUS NewsVideoWEST
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Nuclear exercises under NATO are scheduled to begin, amid growing warnings of possible nuclear attacks between the West and Russia. This follows calls by a Czechen leader to use localized low-yield nuclear attacks on Ukraine, and calls from Ukraine’s Zelensky for NATO to pre-emptively retaliate against Russia. Meanwhile, Elon Musk was placed on a Ukrainian…

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