Latest Elon Musk News

Asian stocks mostly lower after retreat on Wall Street

Jun. 12, 2019 2:15 AM EDT

TOKYO (AP) — Shares were mostly lower in Asia on Wednesday and Hong Kong's Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy. Renewed jitters over the trade war between the U.S. and China...

Tesla CEO lifts shareholder spirits, takes aim at media

Jun. 11, 2019 8:29 PM EDT

SAN FRANCISCO (AP) — Tesla CEO Elon Musk assured shareholders the electric car maker has recovered from a disappointing start this year and promised to counter media coverage that he believes has distorted perceptions about the unprofitable company's long-term prospects. "It has been a hell of a year, but...

Markets Right Now: Stocks fall for first time in 6 days

Jun. 11, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks lost some early momentum Tuesday and finished with their first loss in six days. The Dow Jones industrials slipped 14 points, or 0.1%, to 26,048, after rising as much as 186 points just after trading began....

Tucson stargazers not taking a shine to SpaceX satellites

Jun. 3, 2019 4:28 PM EDT

TUCSON, Ariz. (AP) — Amateur stargazers and astronomers in Tucson say they are feeling less than starry-eyed with the recent launch of dozens of satellites by SpaceX founder Elon Musk. The Tucson-based International Dark-Sky Association fears the increasing number of satellites will impact the landscape of...

MacKenzie Bezos pledges half her fortune to charity

May. 28, 2019 12:40 PM EDT

NEW YORK (AP) — MacKenzie Bezos, who finalized her divorce from Amazon founder and CEO Jeff Bezos earlier this year, is pledging to give away half her fortune to charity. The novelist said Tuesday that she signed The Giving Pledge, a campaign to get the ultra-wealthy to pledge at least half their fortune...

CEOs get $800,000 pay raise, leaving workers further behind

May. 24, 2019 3:53 PM EDT

NEW YORK (AP) — Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000. Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock and other...

The highest-paid CEOs by state

May. 24, 2019 1:44 PM EDT

Here are the top paid CEOs by state for 2018, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30. Not every state...

Tesla's bad news accelerates as Wall Street loses faith

May. 24, 2019 11:57 AM EDT

Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk. But around the middle of...

SpaceX launches 60 little satellites, with many more to come

May. 24, 2019 10:38 AM EDT

CAPE CANAVERAL, Fla. (AP) — SpaceX has launched 60 little satellites, the first of thousands that founder Elon Musk plans to put in orbit for global internet coverage. The recycled Falcon rocket blasted off late Thursday night. The first-stage booster landed on an ocean platform following liftoff, as the...

Tesla shares bounce on leaked memo about rising sales

May. 23, 2019 6:59 PM EDT

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed 16% in the past three weeks and about 41% since the...