Tesla shareholder sues Musk for alleged $7.5 billion insider trading
By Abhirup Roy (Reuters) - A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold
Musk says SpaceX has moved its incorporation to Texas from Delaware
By Utkarsh Shetti and Akanksha Khushi (Reuters) - Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said Wednesday in a post on X. "SpaceX has moved its state of incorporation from Delaware to Texas!
Brazil’s first lady to sue Musk’s X over hacked account
By Fernando Cardoso and Gabriel Araujo SAO PAULO (Reuters) - Brazilian first lady Rosangela 'Janja' Lula da Silva said on Tuesday she will sue Elon Musk-owned social media platform X, formerly known as Twitter, after having her account hacked last week. The
Musk’s SpaceX approaches investors for another tender offer
By Jaiveer Singh Shekhawat (Reuters) - Elon Musk's SpaceX has approached investors about another tender offer that would value the company at above $175 billion, a Bloomberg News reporter said in a post on X. Tender volume could go up as it
Musk considers removing X platform from Europe over EU law
By Yuvraj Malik (Reuters) - Elon Musk, owner of social media platform X, is considering removing the service formerly called Twitter from Europe in response to a new internet platform regulation in the region, news site Insider reported on Wednesday. The billionaire
Tesla’s Musk raises Cybertruck production concerns, reveals delivery date
By Akash Sriram (Reuters) - Tesla CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30. The world's most valuable automaker produces electric
Musk’s X illegally fired worker challenging office return – US labor board
By Samrhitha Arunasalam (Reuters) - Elon Musk's X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board
X CEO Yaccarino says Musk-owned platform could turn a profit next year
By Sheila Dang and Dawn Chmielewski (Reuters) - Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner
Musk’s Neuralink to start human trial of brain implant for paralysis patients
By Mariam Sunny (Reuters) - Billionaire entrepreneur Elon Musk's brain-chip startup Neuralink said on Tuesday it has received approval from an independent review board to begin recruitment for the first human trial of its brain implant for paralysis patients. Those with paralysis