Friday, November 22

Tag: elon musk

Musk’s satellite business Starlink gets in-principle government nod
15Apr By adminNo Comments
Business

Musk’s satellite business Starlink gets in-principle government nod

NEW DELHI: Days before he comes calling on India and PM Narendra Modi, Elon Musk's satcom venture Starlink has been given an in-principle approval from the telecom ministry, clearing the critical hurdle after almost three-and-a-half years of back and forth.The file now lies at the desk of communications minister Ashwini Vaishnaw, who is waiting for final vetting by the home ministry over certain security matters, highly-placed sources told TOI."The commercial part has been examined on issues, such as, foreign investment and net worth. The essential examination shows that it (Starlink's application) is in line with the (official) guidelines. Thus, it has been approved," one of the sources said. "The technical requirements have been examined as per the licence conditions," the source said, ...
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Brazil Supreme Court investigating Elon Musk over obstruction, disinformation on X
8Apr By adminNo Comments
Money

Brazil Supreme Court investigating Elon Musk over obstruction, disinformation on X

A crusading Brazilian Supreme Court justice included Elon Musk as a target in an ongoing investigation over the dissemination of fake news and opened a separate investigation late Sunday into the executive for alleged obstruction.In his decision, Justice Alexandre de Moraes noted that Musk on Saturday began waging a public "disinformation campaign" regarding the top court's actions, and that Musk continued the following day — most notably with comments that his social media company X would cease to comply with the court's orders to block certain accounts."The flagrant conduct of obstruction of Brazilian justice, incitement of crime, the public threat of disobedience of court orders and future lack of cooperation from the platform are facts that disrespect the sovereignty of Brazil," de Mo...
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Meta CEO Mark Zuckerberg Now 3rd Richest In The World, Beats Elon Musk’s Net Worth For First Time In 4 Years
6Apr By adminNo Comments
Business

Meta CEO Mark Zuckerberg Now 3rd Richest In The World, Beats Elon Musk’s Net Worth For First Time In 4 Years

Stocks of Meta Platforms Inc. have surged by 49%. In 2024, the stock of Elon Musk's Tesla has seen a 34 per cent drop making it the worst performer in the S&P 500 IndexMeta CEO Mark Zuckerberg surged past Elon Musk to become the third-richest person in the world as per Bloomberg Billionaire’s Index ranking. Zuckerberg and Musk’s net worth is $186.9 billion (Rs 1.55 thousand crores) and $180.6 billion (Rs 1.5 thousand crores), respectively. In 2024, Tesla stock has seen a 34 per cent drop making it the worst performer in the S&P 500 Index. In contrast, stocks of Meta Platforms Inc. have surged by 49 per cent. Musk, who ranked at the top on the Bloomberg Billionaires Index as recently as early March, came to fourth. It happened after Reuters reported that Tesla Inc. had cancelled pl...
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Tesla will unveil a robotaxi on April 8, according to Musk
6Apr By adminNo Comments
Technology

Tesla will unveil a robotaxi on April 8, according to Musk

Tesla is introducing a robotaxi on August 8, Elon Musk has announced on X a few hours after Reuters published a report that the automaker is scrapping its plans to produce a low-cost EV. Reuters also said that Musk's directive was to "go all in" on robotaxis built on the company's small-vehicle platform. Tesla has been promising a more affordable EV with prices expected to start at $25,000 for years, and Musk said as recently as this January that he's optimistic the model will arrive in the second half of 2025. In response to the report, the Tesla chief tweeted that "Reuters is lying (again)."He didn't clarify which part of the report was a lie, but considering he confirmed that Tesla is unveiling a robotaxi, he likely meant the news organization's claim that the company pulled the plug o...
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Tesla Is Going All In on Robotaxis—Buckle Up
6Apr By adminNo Comments
Technology

Tesla Is Going All In on Robotaxis—Buckle Up

Mark your calendars: Tesla CEO Elon Musk suggested this afternoon that his electric automaker is going all-in on autonomous vehicle tech—and that Tesla’s robotaxi will be unveiled on August 8.The announcement, posted by Musk on X Friday afternoon, capped off a weird day of reports and counter-reports that sent Tesla’s stock on a roller-coaster ride, slipping down 6 points on the day before recovering in after-hours trading. Earlier in the day, Reuters reported that Tesla had canceled long-gestating plans to develop an affordable electric vehicle for the masses. The “next generation” vehicle is widely thought to be key to the electric automaker’s survival, especially as competition heats up in the EV space. Instead, the news agency reported, Tesla would focus on building a robotaxi, which ...
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Tesla is reportedly focusing on robotaxis over its planned budget EV
5Apr By adminNo Comments
Technology

Tesla is reportedly focusing on robotaxis over its planned budget EV

Tesla has scrapped plans to make an affordable electric vehicle (EV), according to Reuters. CEO Elon Musk said as recently as January that he was “optimistic” the low-cost EV would arrive in the second half of 2025. The automaker will instead reportedly “go all in” on robotaxis, which Musk has described as the future of transportation.The canceled entry-level EV project — often called “Model 2” — was reportedly codenamed “Redwood.” The automaker had predicted a weekly production volume of 10,000 vehicles, and Musk said, “We’ll be sleeping on the line” to make it a reality. He had previously claimed Tesla was working on two new EV models expected to sell up to five million units annually.For nearly two decades, the CEO has described his long-term goal as using luxury vehicles to build Tesl...
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Mixed Reactions As X.com Gives Free Blue Checks To Some Users
4Apr By adminNo Comments
Technology

Mixed Reactions As X.com Gives Free Blue Checks To Some Users

NEW YORK (AP) — Elon Musk’s X, the platform formerly known as Twitter, has begun restoring complimentary blue checks for some of its users, the latest unexpected shift to cause a lot of confusion on the platform.For years, Twitter’s blue checks mirrored verification badges that are common on social media, largely reserved for celebrities, politicians and other influential accounts. That changed months after Musk bought the platform for $44 billion in October 2022.Last year, X began issuing verification checks only to those who paid the starting price of $8 per month for it, and stripping verification badges from many celebrities and other prominent accounts. That also led to confusion, complaints, and a large number of fake accounts pretending to be someone else, blue check included.But l...
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Tesla shares tumble toward make-or-break level in latest wipeout
3Apr By adminNo Comments
Business

Tesla shares tumble toward make-or-break level in latest wipeout

Tesla Inc’s disastrous sales report on Tuesday, and traders’ aggressive selling of the stock in the months leading up to it, have the share price plunging toward a critical level for investors.The electric-vehicle giant’s stock price has sunk more than 33% this year, making it the worst performer in the Nasdaq 100 Index and second worst in the S&P 500 Index.The shares, which traded for around $400 as recently as January 2022, are now at $166 and dropping. So, technical analysts are watching the key $150 level to gauge whether the shares will find the much-needed support. “Not only is that level where its low from last April comes in, but it is also where we find the bottom of an eight-month downward sloping trend channel,” said Matt Maley, chief market strategist at Miller Tabak + Co....
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