Elon Musk’s net worth recently broke $400 billion, although it dropped back down to $364 billion as of this writing in mid-July, according to the Bloomberg Billionaire Index. Much of this wealth is held in shares of Tesla stock; Musk owns 13% of the company, according to AInvest.com. This means the tech mogul’s net worth…
Nurphoto | Nurphoto | Getty Images Elon Musk is now a driving force in prediction markets. Musk’s xAI on Thursday announced a partnership to integrate its artificial intelligence chatbot Grok with Kalshi‘s prediction markets service. In June, xAI announced a similar deal with Polymarket, a Kalshi rival. Kalshi, the company that turned heads with a made-with-AI…
Elon Musk hit back at President Trump’s claim that he didn’t want to strip the mogul’s companies of his government subisidies. Trump seemingly extended an olive branch after the public falling out between the two by denying reports that he had it out for Musk. “Everyone is stating that I will destroy Elon’s companies by…
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Tesla shares fell 8% Thursday after the company reported a second straight quarter of declining auto sales, and CEO Elon Musk told…
Tesla, Inc. (NASDAQ:TSLA) is one of the growth stocks that could double by 2027. On July 14, Elon Musk confirmed he is opposed to any merger involving the electric vehicle giant and artificial intelligence company xAI. Elon Musk Downplays Tesla-xAI Merger Open to Investment david-von-diemar-ZBWn5DvO0hg-unsplash The remark came in response to a question posted on…
Company says 2.5-hour disruption of high-speed internet service was due to ‘failure’ of internal software services. SpaceX’s Starlink satellite internet has suffered one of its biggest international outages, knocking tens of thousands of users offline, a rare disruption that prompted an apology from senior executives, including founder Elon Musk. Starlink, which has more than six…
Elon Musk has issued a statement following a major global outage that knocked thousands of Starlink users offline late Thursday night. Reports of the disruption began around 3:00 PM EST/9:00 p.m. CET, with over 60,000 users flagging connectivity issues on the Down Detector website. Many described the Starlink incident as a “total blackout,” with service…
Tesla (TSLA, Financials) posted its steepest quarterly revenue decline in more than ten years, with sales down 12% year over year to $22.5 billion for the AprilJune period. The result missed analyst forecasts of $22.74 billion, according to LSEG data, and came amid growing concerns over CEO Elon Musk’s political involvement and its impact on…
Tesla shares tumbled Thursday after its latest earning results knocked the wind out of investors’ confidence in Elon Musk’s electric vehicle maker. The company has been facing intense competition, cooling consumer interest and a reduction of the government incentives that made buying EVs more affordable. Musk, the chief executive, broadcast that the tough times could…
Are Tesla investors losing confidence in Elon Musk’s vision of the future? Or are they still inflating the company’s value based on their faith in the cofounder? For the past several quarters after Tesla has unveiled earnings, I’ve been calculating a metric that I’ve dubbed The Musk Magic Premium. The figure estimates both the portion…