The social media network's website showed the company's new logo, but its URL was still showing as twitter.com and the blue "Tweet" button was visible, suggesting the rebrand was not yet finalized.Musk and the company's new chief executive Linda Yaccarino announced the rebranding Sunday, saying the company would be renamed...

Revenues surged 47 percent to $24.9 billion.

The company had promised in April that it would be rolling out the first Cybertrucks before the end of the year. Plans for the vehicle, with its silvery, tortoise-like shape and unusual angles, were first announced in November 2019.

Musk on Twitter added that the new company's aim was to "understand reality" and answer life's biggest questions. The launch of an AI company on the scale of OpenAI or Google DeepMind would come at an enormous expense, especially in regards to the necessary semiconductors, known as GPUs, which are...

Threads went live on Apple and Android app stores in 100 countries late on Wednesday, though it is not available in Europe because parent company Meta is unsure how to navigate the European Union's data privacy legislation. Twitter, Threads rival, is thought to have around 200 million regular users but...

Dubai, UAE - Chinese electric vehicle brand Zeekr is set to make its debut in the Middle East as it enters the Israeli market in the fourth quarter of this year, Bloomberg reported.  Zeekr, a subsidiary of Zhejiang Geely Holding Group, has partnered with Israeli distributor Union Group to establish...

From April to June, the Texas-based electric vehicle giant produced 479,700 cars -- an 85 percent increase compared to the second quarter in 2022. That brings Tesla's total production by the middle of this year to 920,508, well on its way to its goal of manufacturing 1.8 million cars in...

Months after Musk took over Twitter, Zuckerberg's Meta hinted it was planning to launch its own text-based social media platform - essentially a direct rival.

Musk, one of the world's richest men, said that Modi was "pushing us to make significant investments in India, which is something that we intend to do, and are trying to figure out the right timing".

After talking to Macron, Musk will appear before an audience of thousands at VivaTech for what is billed as an hour-long "conversation" with the event's French founder Maurice Levy. Musk is likely to face questions at VivaTech about his many other business interests -- particularly his acquisition of social media...

If Musk follows through on the announcement, he will be belatedly fulfilling the promise he made to honor the results of his Twitter poll. A total of 57.5 percent of more than 17 million accounts voted for him to step down.

Shares of Tesla slumped after reporting a drop in quarterly earnings and hinting the Musk-led company could face further profit pressures from more price cuts on its vehicles. As Twitter, Tesla and SpaceX deal with turbulence, Musk is a common denominator, noted independent tech analyst Rob Enderle.

Global equities mostly slid on auto sector woes and economic fears about the prospect of more interest rate hikes aimed at cooling high inflation. Share prices of carmakers were hit hard after Tesla posted tumbling first-quarter profits as steep price cuts ate into margins at Elon Musk's electric auto company.

San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday. Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on March 9, a state business...

Tesla employees "circulated recordings of Tesla customers in private and embarrassing situations, without their consent," courtesy of sophisticated camera systems built into the cars, a court filing contended. The suit accuses Tesla of negligence, fraud and privacy invasion.

Billionaire mogul Elon Musk and a range of experts called on governments to step in and impose a moratorium if companies do not pause the training of AI systems more powerful than GPT-4, for 6 months. The six months should be used to develop safety protocols, AI governance systems, and...

The price drop is seen as a direct response to cuts by Tesla.

After years of losses, Tesla has hit its stride in terms of financial performance, scoring an impressive string of earnings records as it has added factories and ramped up production. The company has also acted as a major catalyst for a revolution in transportation, with much of the automobile sector's...

The plant is going to be established in Monterrey.

Paris, France-- The electrification of the auto industry is gathering pace, particularly in Europe, where the sale of new cars running on petrol and diesel will end in 2035. But challenges remain around their production, affordability and whether enough infrastructure can be put in place to persuade drivers to make the...

LVMH is headed by French billionaire Bernard Arnault.

The Tesla chief returned to the witness stand to answer questions from lawyers for angry investors who accuse him of costing them millions of dollars with a pair of allegedly false tweets about having the funding secured to buy them out. A lawyer for the plaintiffs focused on Musk's buyout...

San Francisco, United States--Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors. Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018...

Microsoft, which makes no secret of its AI ambitions, has integrated Dall-E 2 into several of its applications and now, according to a report in Bloomberg, the tech giant wants to graft ChatGPT to its Bing search engine to take on Google. Since ChatGPT was introduced in November, the prowess...

The company supplied 1.31m EVs last year.

Electric vehicles in the Scandinavian country now account for almost four out of every five new car registrations, setting a new record, according to new figures. Tesla tops the list with more than 12 percent market share, with some 138,265 new electric cars sold in the country last year.

In the poll results which were posted on Monday, 57 percent of voters, or 10 million votes, favored Musk stepping down just eight weeks after he took ownership of the company for $44 billion.

According to Bloomberg's ranking, calculated after US markets closed on Tuesday, had Musk in the lead at $178.9 billion, followed by Arnault at $165.1 billion.

The Tesla, SpaceX and now Twitter boss -- who is not immune to bouts of online whimsy -- recently commented on an image of the towering Belogradchik Rocks in northwestern Bulgaria under menacing clouds.

Twitter's New boss Elon Musk believes that all content permitted by law should be allowed on the social media platform, and on Monday described his actions as a "revolution against online censorship in America."

Esther Crawford, the platform's director of product development and one of the few managers who have not been fired, who have not resigned and who still publicly support the new leader, tweeted: "To all the Tweeps who decided to make today your last day: thanks for being incredible teammates through...

New York, United States— Twitter's new boss Elon Musk has asked staff to choose by Thursday between being "extremely hardcore" and working intense, long hours, or losing their jobs, according to an internal memo seen by AFP. The Tesla tycoon has come under fire for radical changes at the social media...

The seemingly disembodied billionaire Twitter owner appeared by video link on Monday to address business leaders in Bali on the sidelines of the G20 summit, only his face and hands visible on an otherwise black screen.

Musk, who also owns electric car maker Tesla, was due to speak at the so-called B20 business conference on the resort island of Bali but a court case over his 2018 pay package worth about $56 billion in stock options is slated to begin next week.

The convulsions followed the unveiling of the site's long-awaited Twitter Blue subscription service, which allows users to pay $7.99 per month for a coveted blue tick, as well as a separate gray "official" badge for some high-profile accounts. But the release descended into tumult on Wednesday when Musk scrapped the...

Musk has been searching for ways for the social media platform to make money after the buyout, including an idea to charge users $8 a month for verified accounts. The move would help overcome a potential loss of advertisers, Twitter's main source of revenue, after many top brands put their...

The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on manufacturers to develop less polluting products. The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes...

A week after he took the reins of the company, Elon Musk has sacked half of Twitter's 7,500-strong staff in a major overhaul of the troubled company. An internal document said "roughly 50 percent" of employees were impacted and would be denied access to company computers and email on an...

After changing his Twitter bio to "Chief Twit," Musk reportedly worked over the weekend with software engineers from Tesla to look under the hood of the one-to-many messaging platform, and on planning massive layoffs.

The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August.

Musk wasted no time sacking chief executive Parag Agrawal, as well as the company's chief financial officer and its head of safety, the Washington Post and CNBC reported citing unnamed sources. Agrawal previously went to court to hold the Tesla chief to the terms of a deal he had tried...

New York, United States---Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate of ideas and counter the tendency of social media to splinter into partisan "echo chambers." In a message meant to reassure jittery Twitter advertisers on the eve of a court-imposed...

Twitter had filed a lawsuit to hold Musk to the terms of the takeover deal he inked in April, even though Musk tried to get out of it. A US judge recently suspended litigation in the saga after Musk expressed a change of heart, giving the parties until October 28...

Tesla watchers are expecting a strong fourth quarter.

Having spent months trying to break free of the $44 billion buyout contract, Elon Musk now says he is "excited" about taking over Twitter. The social media giant had filed a lawsuit to hold Musk to the terms of the deal he inked in April after the Tesla chief said...

Musk is expected to complete a $44-billion takeover of Twitter by the end of the month. If he fails to do so, a trial for a breach-of-contract suit in the on-again-off-again deal will take place in November.

Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from Twitter, said a trial originally scheduled to begin in 11 days could be rescheduled for next month if a deal is not finalized. "If the transaction does not close by...

The company delivered a total of 343,380 vehicles

The SEC also charged Musk with fraud and ordered him to step down as chair of Tesla's board of directors, pay a $20 million fine and, after another controversial tweet in early 2019, demanded his tweets directly related to business of the company be vetted by a lawyer before posting.

Nearly 99 percent of the votes cast by stock owners endorsed the agreement with Musk to sell him the tech firm for $54.20 per share, Twitter said in a release.Twitter added that it was ready to consummate the merger agreement immediately, and no later than September 15 as per a...