Tesla shareholders argued it would be unfair to move the trial to Texas as requested by Musk, who has outraged many in Northern California with the steep job cuts he ordered at Twitter, a San Francisco company he bought in October. “What they refer to as ‘biased’ coverage is, in…
South Korea’s antitrust regulator said it would impose a KRW 2.85 billion (roughly Rs. 18 crore) fine on Tesla for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the…
Elon Musk, who heads five companies including Tesla and Twitter, said in a tweet on Friday that his companies will be well positioned in 2023 despite the possibility of a tough economy. Musk’s tweet comes a day after he raised the possibility of Twitter going bankrupt. Earlier in the day,…
Why is Elon Musk suddenly thinking about creating an “everything app,” and what does that even mean? The question arose after the billionaire Chief Executive of Tesla earlier this month reversed course on his decision not to buy Twitter. Musk completed his $44 billion (nearly Rs. 3,62,300 crore) acquisition of…
European Union and US officials expect to reach an agreement that would grant EU companies, including electric car makers, the same status as US ones in the US market, to avoid what the EU calls discrimination against its producers by the US Inflation Reduction Act. The EU says that while it allows government tax…
PayPal Holdings said it has no intention of fining customers for spreading misinformation, after attracting criticism for publishing a new user agreement outlining such a plan. The issue gained traction over the weekend after the company published policy updates prohibiting users from using the PayPal service for activities identified by…
PepsiCo confirmed on Friday it would take delivery of Tesla’s Semi trucks on December 1, becoming the first company to receive its orders of the much-delayed electric vehicle. PepsiCo said in a statement that the trucks would be used at its Frito-Lay plant in Modesto, California, and its PepsiCo beverages factory…
Elon Musk said that “neo-Marxists” who have taken over elite schools and liberal universities are to blame for the fact that his 18-year-old daughter wants nothing to do with her uber-wealthy dad. “It’s full-on communism . . . and a general sentiment that if you’re rich, you’re evil,” Musk told the Financial Times on…
Tesla CEO Elon Musk on Friday showed off a prototype of the humanoid robot ‘Optimus’, predicting the electric vehicle maker would be able to produce millions of them and sell them for under $20,000 (roughly Rs. 16,33,000)- less than a third of the price of a Model Y. “There’s still…
Twitter and Elon Musk sparred in court on Tuesday, each digging for evidence to prevail in a high-stakes trial next month over the billionaire’s bid to break his buyout deal. Musk has been keen to find evidence to back his accusation that Twitter misled regulators and investors about what portion…
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