Latest Elon Musk News

Leak of billionaires' tax data draws GOP outcry over privacy

Jun. 10, 2021 17:12 PM EDT

WASHINGTON (AP) — Republicans in Congress are alarmed by the leak of confidential IRS data to the investigative news organization ProPublica, enabling it to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times. A...

ProPublica: Many of the uber-rich pay next to no income tax

Jun. 08, 2021 15:17 PM EDT

WASHINGTON (AP) — The rich really are different from you and me: They’re better at dodging the tax collector. Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill was zero in 2018. And financier George Soros went...

Jeff Bezos will blast into space on rocket's 1st crew flight

Jun. 07, 2021 15:54 PM EDT

CAPE CANAVERAL, Fla. (AP) — Outdoing his fellow billionaires in daredevilry, Jeff Bezos will blast into space next month when his Blue Origin company makes its first flight with a crew. The 57-year-old Amazon founder and richest person in the world by Forbes' estimate...

Work on SpaceX launch pad being done in Mississippi

Jun. 06, 2021 09:28 AM EDT

PASCAGOULA, Miss. (AP) — Elon Musk is converting two oil rigs into floating launch pads for his SpaceX program — and work on one is being done in Mississippi. The Sun Herald reports that ST Engineering Halter Marine & Offshore Inc. in...

Today in History

May. 30, 2021 00:32 AM EDT

Today in History Today is Sunday, May 30, the 150th day of 2021. There are 215 days left in the year. Today’s Highlight in History: On May 30, 1431, Joan of Arc, condemned as a heretic, was burned at the stake in Rouen...

Safety ratings yanked after Tesla pulls radar from 2 models

May. 27, 2021 19:03 PM EDT

DETROIT (AP) — Two key groups that offer automobile safety ratings are yanking their top endorsements from some Tesla vehicles because the company has stopped using radar on its safety systems. Consumer Reports pulled its “Top Pick” status for Tesla's Model 3 and Y...

Russian to be deported after failed Tesla ransomware plot

May. 24, 2021 17:11 PM EDT

RENO, Nev. (AP) — A Russian man was sentenced Monday to what amounted to time already served and will be deported after pleading guilty to trying to pay a Tesla employee $500,000 to install computer malware at the company’s Nevada electric battery plant in a bid to steal company secrets...

Virgin Galactic rocket ship ascends from New Mexico

May. 22, 2021 20:15 PM EDT

SANTA FE, N.M. (AP) — Virgin Galactic on Saturday made its first rocket-powered flight from New Mexico to the fringe of space in a manned shuttle, as the company forges toward offering tourist flights to the edge of the Earth's atmosphere. High above the desert in a...

Resorts World Las Vegas gets regulatory OK to open June 24

May. 20, 2021 16:38 PM EDT

LAS VEGAS (AP) — The Malaysia-based owner of one of the biggest casino projects ever on the Las Vegas Strip won regulatory approval Thursday to deal cards, roll dice and welcome gamblers when Resorts World Las Vegas opens on June 24. With praise for the $4.3 billion...

EXPLAINER: Why has the price of Bitcoin been falling?

May. 19, 2021 17:52 PM EDT

NEW YORK (AP) — Even by Bitcoin's standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline...