Tesla Shareholder Sues Elon Musk for $7.5B in Alleged Insider Trading
A Tesla shareholder alleges CEO Elon Musk engaged in insider trading by selling $7.5 billion in shares before disappointing production numbers were released.
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Elon Musk’s xAI Secures $6B in Series-B Funding, Launches Grok Chatbot
Elon Musk’s AI startup xAI raises $6 billion in Series-B funding and launches Grok, an edgier chatbot available to premium X subscribers.
Elon Musk Announces Massive xAI Supercomputer to Power Next-Gen AI Chatbot
Elon Musk’s AI startup, xAI, plans to build a groundbreaking supercomputer using Nvidia’s H100 GPUs to power the next version of its chatbot, Grok, aiming for completion by fall 2025.
China Ensures Open Market for Foreign Firms in Talks with Tesla’s Elon Musk
During a meeting in Beijing, Chinese Premier Li Qiang assured Tesla CEO Elon Musk that China’s market remains open to foreign firms. Both leaders highlighted successful China-US economic cooperation and expressed intentions to deepen their collaborative efforts.
Tesla CEO Elon Musk Discusses Collaboration with China’s Trade Promotion Leader
Ren Hongbin, head of the China Council for the Promotion of International Trade, met with Tesla CEO Elon Musk in Beijing to discuss potential collaborations and cooperation on international business initiatives.
Elon Musk Challenges US TikTok Ban, Citing Free Speech Concerns
Elon Musk opposes the proposed US ban on TikTok, arguing it violates freedom of speech amidst national security concerns.
Tesla to Lay Off 10% of Global Workforce Amid Falling Sales
Tesla plans to cut over 10% of its global workforce, affecting around 14,000 employees, due to disappointing first-quarter sales and a strategic push for cost reductions.
xAI’s Grok-1.5 AI Chatbot Set to Launch on X Next Week
Elon Musk’s xAI is launching its enhanced Grok-1.5 AI chatbot on X next week, aiming to surpass current AI standards and compete with industry giants.
Musk’s X Corp. Loses Key Lawsuit on Hate Speech Oversight
Musk’s X Corp. loses lawsuit against the Center for Countering Digital Hate over hate speech oversight, impacting his free speech champion image. X Corp plans to appeal.