Elon Musk has painted himself as a humanitarian figure building a utopian future through a passel of companies. Don’t fall for it. The billionaire’s silence on the sudden reversal of US government guidelines for building safer artificial intelligence shows his priorities are political capital — and his own business interests.
Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential buyers: a claim on the social-media platform’s stake in Elon Musk’s artificial intelligence venture.
Tesla Inc. fleshed out plans to launch a robotaxi business Elon Musk is counting on to help usher in next phase of growth, after the company posted quarterly earnings that missed estimates.
Elon Musk cited Don Lemon’s “invasive and charged interview” with the X owner as grounds for walking away from a $1.5 million partnership deal in early 2024, according to a court filing.
X Users Will Be Able to Transfer Funds, Pay Each Other Visa is set to become the first financial services partner for X, formerly Twitter, the companies announced Tuesday. Users will be able to transfer money from Visa debit cards or bank accounts to "X Money" accounts hosted on the platform.
The Department of Government Efficiency, or DOGE, is reportedly discussing the use of a public blockchain in its cost-cutting efforts.
Musk’s DOGE team explores Movement Blockchain as part of its strategy to leverage blockchain for government transparency and efficiency.
Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s 2022 Twitter buyout.
Tesla's fourth quarter earnings disappointed, but the company's commitment to returning to growth in 2025 saw shares rise in extended trading on Wednesday.
Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.
Tesla (TSLA) reported fourth quarter earnings after the bell on Wednesday that missed expectations as investors looked for a new catalyst to jump-start the stock. Tesla reported revenue of $25.71 billion vs.