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Elon Musk rubbishes report citing his affair with Google co-founder Sergey Brin’s wife

Tesla boss Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google co-founder, Sergey Brin. Mr Musk’s comments came after the Wall Street Journal reported that his friendship with Mr Brin had ended over the alleged affair. Replying to a link to the story posted on Twitter, Mr Musk referred to […]

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Business World

Elon Musk’s Tesla offloads 75% of its Bitcoin holdings

Tesla, which made waves last year when it revealed a major investment in Bitcoin, has now sold off most of its holdings of the cryptocurrency. The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2 billion at the end of 2021. It is backing away as the value of the […]

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Business World

Twitter sues world’s richest man Elon Musk over $44 billion takeover deal

Twitter is suing billionaire Elon Musk to try to force him to buy the social media firm, setting up a legal battle with the world’s richest man. It comes after Mr Musk announced he was walking away from his proposed $44 billion takeover of Twitter on Friday. He claimed Twitter had not given information about […]

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Business World

China’s BYD to supply batteries to Elon Musk’s Tesla very soon

Chinese electric carmaker, BYD, plans to supply batteries to Tesla “very soon,” a senior executive from the company told a Chinese state-owned broadcaster. “BYD respects Tesla, and we also admire Tesla,” said Lian Yubo, BYD’s executive vice president, in a video interview with an anchor from CGTN. “We are now good friends with Elon Musk, […]

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Business Tech World

Elon Musk threatens to pull out of $44 billion Twitter deal over sharing of user data

Elon Musk threatened to walk away from his $44 billion acquisition of Twitter, accusing the social media company of “thwarting” his requests to learn more about its user base. In a letter filed with regulators, Mr Musk said he was entitled to do his own measurement of spam accounts. The letter formalises a dispute that […]

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Business Tech World

Twitter board reportedly met Elon Musk to discuss takeover offer: Report

The board of Twitter reportedly met Elon Musk over the weekend to explore his $43 billion takeover offer for the social media platform. After the Tesla boss first revealed his bid, Twitter’s management announced a so-called “poison pill” strategy to fend off a potential hostile buyout. Mr Musk plans to finance his bid with the […]

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Business World

Tesla profits soar to $3.3 billion in the first 3 months of 2022 as customers pay more amid supply chain shortages

Profits of Elon Musk’s electric car company, Tesla, soared to $3.3 billion in the first three months of the year, as customers proved willing to pay more. The firm’s deliveries were up 68% and would have been higher if not for supply chain shortages, the firm said. Its Shanghai factory was also recently forced shut […]

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Tech World

Elon Musk sees his proposed acquisition of Twitter as a turning point for human civilization

Elon Musk has offered to purchase Twitter on Thursday, saying during an on-stage interview at the TED conference that he sees the acquisition as nothing less than a turning point for civilization. Musk said the proposed deal is not about the economics of Twitter’s business, but about ensuring Twitter remains a trusted platform for democracy […]

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World

Tesla owners complain of cars braking for no reason, regulator considers investigation

Federal safety regulators are mulling a probe after Tesla owners complained that their cars were stopping for no reason. The issue may stem from Tesla’s automatic braking feature hitting the brakes when there is no need to do so. A spokesperson for the National Highway Traffic Safety Administration said the agency “is aware of complaints […]

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Business World

Tesla recalls 53,822 vehicles with its “full self-driving” driver-assist feature

Tesla will recall all 53,822 vehicles with its “full self-driving” driver-assist feature after it was intentionally programmed to slowly roll through stop signs in some scenarios. The recall will impact Model S, X, 3 and Y vehicles that have its beta version of the “full self-driving” software enabled. “Full self-driving” is a controversial driver-assist feature […]

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World

Elon Musk praises anti-vax Canadian truck drivers protesting vaccine mandate

Canadian truck drivers determined to shut down central Ottawa over a federal government vaccine mandate rolled across the country towards the capital on Thursday, boosted by praise from Tesla Chief Executive Elon Musk. The protesters are unhappy that Prime Minister Justin Trudeau’s Liberal Party government has imposed a Covid-19 vaccine mandate for cross-border truck drivers. […]

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World

Tesla criticised in United States for opening showroom in China’s controversial Xinjiang region

Electric car maker Tesla has been criticised in the US after opening a showroom in China’s controversial Xinjiang region. The company, headed by billionaire Elon Musk, opened the showroom in the city of Urumqi on New Year’s Eve. However, the move has been welcomed by some in China. China has been accused of slavery and […]