Latest Elon Musk News
Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
DETROIT (AP) — Tesla's second-quarter net income fell 45% compared with a year ago as the company's global electric vehicle sales tumbled despite price cuts and low-interest financing. The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less...
Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune
PARIS (AP) — For decades, France’s LVMH has been the face of luxury for the wealthy who tote Louis Vuitton bags, don Christian Dior clothing, spritz Bulgari perfume and sip Veuve Clicquot Champagne. This week, the world's dominant luxury group — home to 75 high-end brands...
Despite Musk's Trump endorsement, X remains a go-to platform for Democrats
A week after Elon Musk endorsed Donald Trump for president, President Joe Biden's team used Musk's social media platform X — in addition to more neutral spaces such as Facebook and Instagram — to announce he is ending his reelection campaign. It's a testament to how ingrained...
Southern California school district sues Gov. Newsom over new gender-identity law
SACRAMENTO, Calif. (AP) — A Southern California school district involved in an ongoing legal battle with the state over the district's gender-identity policy sued Democratic Gov. Gavin Newsom Tuesday over a new law banning districts from requiring that parents be notified of their child's gender...
Elon Musk says he's moving SpaceX, X headquarters from California to Texas
SAN FRANCISCO (AP) — Billionaire Elon Musk says he's moving the headquarters of SpaceX and social media company X to Texas from California. Musk posted on X Tuesday that he plans on moving SpaceX from Hawthorne, California to the company's rocket launch site dubbed Starbase in...
California needs a million EV charging stations — but that’s ‘unlikely’ and ‘unrealistic’
California will have to build public charging stations at an unprecedented — and some experts say unrealistic — pace to meet the needs of the 7 million electric cars expected on its roads in less than seven years. The sheer scale of the buildout has alarmed many experts and...
Tesla CEO Elon Musk appears to confirm delay in Aug. 8 robotaxi unveil event to make design change
DETROIT (AP) — Tesla CEO Elon Musk on Monday appeared to confirm a report that the company's much-ballyhooed event to unveil a robotaxi will be delayed beyond its scheduled Aug. 8 date. Musk didn't give a new date for the event, but in a posting on X, the social media site he owns,...
SpaceX rocket accident leaves company's Starlink satellites in wrong orbit
CAPE CANAVERAL, Fla. (AP) — A SpaceX rocket has failed for the first time in nearly a decade, leaving the company’s internet satellites in an orbit so low that they're doomed to fall through the atmosphere and burn up. The Falcon 9 rocket blasted off from California on Thursday...
European Union says X's blue checks are deceptive 'dark patterns' that breach its social media laws
LONDON (AP) — The European Union said Friday that blue checkmarks from Elon Musk's X are deceptive and that the online platform falls short on transparency and accountability requirements, the first charges against a tech company since the bloc's new social media regulations took effect. ...
Judge who nixed Musk's pay package hears arguments on massive fee request from plaintiff lawyers
WILMINGTON, Del. (AP) — A Delaware judge heard arguments Monday over a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk was illegal and should be voided. Attorneys for a Tesla stockholder...
