A Tesla shareholder has filed legal proceedings against Elon Musk and the company’s board of directors, accusing them of ignoring employee complaints of racism and sexual harassment. The lawsuit — brought forward Thursday by complainant Solomon Chau in Texas where Tesla is headquartered — argues that an unaddressed “toxic workplace culture” at…
Tesla has cancelled three online recruitment events for China scheduled this month, the latest development after chief executive Elon Musk threatened job cuts at the electric car maker, saying it was “overstaffed” in some areas. However, Musk had not commented specifically on staffing in China, which made more than half…
Twitter said on Friday that the US antitrust waiting period for Elon Musk’s $44 billion (roughly Rs. 3,41,855 crore) acquisition of the social media giant had expired, indicating it had dodged a lengthy review of the proposed deal. With the expiration, completion of the deal is now subject to remaining…
Hinting that Tesla will not put a manufacturing plant in India the carmaker’s chief executive officer (CEO) Elon Musk said on Friday tweeted that until the company is first allowed to sell and service imported cars in the country there will be no setting up of the bases.Responding to an…
US market authorities have asked Elon Musk to explain an apparent delay in reporting his Twitter stock buys, the agency revealed Friday, the latest questions on the methods and intent of his troubled bid for the platform. Musk became a major Twitter stockholder following the purchase of 73.5 million shares…
Twitter said in a filing on Friday it will not accept Egon Durban’s resignation from the board, two days after shareholders blocked his re-election at an annual meeting. Durban is an ally of Elon Musk, who has offered to take Twitter private in a $44 billion (roughly Rs. 3,41,800 crore) deal. Twitter said…
Aerospace firm SpaceX is looking to raise $1.7 billion (roughly Rs. 13,192 crore) in fresh funding, a massive initiative as its controversial founder Elon Musk continues to make news, television channel CNBC reported Sunday. Citing a company-wide email the network said it obtained, CNBC reported the space travel pioneer would…
Brazilian President Jair Bolsonaro called Elon Musk’s proposed takeover of Twitter a “breath of hope” as the two met in Brazil on Friday, adding he hoped the US billionaire would help end the “lies” about his widely criticised stewardship of the Amazon rainforest. Bolsonaro and Musk, the CEO of electric carmaker…
A SpaceX rocket carried 53 satellites for the Starlink internet constellation into orbit Friday after blasting off from California. The Falcon 9 booster lifted off from Vandenberg Space Force Base at 3:07pm., and minutes later the first stage landed on a droneship in the Pacific Ocean while the second stage…
Twitter CEO Parag Agrawal on Saturday said that the deal with Elon Musk is expected to be closed, however, the deal does not become an excuse to avoid making important decisions for the health of the company, adding that Twitter needs to be prepared for all scenarios and always do…
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