<p>Tesla CEO Elon Musk’s problems are far from over. After his deal to takeover Twitter seems to have gone ‘on hold’, S&amp;P Dow Jones Indices has omitted the electric carmaker, Tesla Inc, from its S&amp;P 500 ESG Index, media reports said. The action seems to have been taken over several issues, such as crashes linked to autopilot vehicles, racial discrimination claims, etc.&nbsp;As the S&amp;P 500 ESG Index is widely-followed, the move has&nbsp;prompted harsh replies in the form of tweets from billionaire Elon Musk on Wednesday. &nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/elon-musk-did-not-ask-anything-about-business-while-signing-says-twitter-over-on-hold-deal-479956" hreflang="en">Elon Musk did not ask anything about business while signing, says Twitter over ‘on hold’ deal</a></strong></p>

<p>In a tweet, Tesla CEO Elon Musk said, "Exxon is rated top ten best in world for environment, social &amp; governance (ESG) by S&amp;P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponised by phony social justice warriors." &nbsp;</p>

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<p dir="ltr" lang="en">Exxon is rated top ten best in world for environment, social &amp; governance (ESG) by S&amp;P 500, while Tesla didn’t make the list!<br />
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ESG is a scam. It has been weaponized by phony social justice warriors.</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1526958110023245829?ref_src=twsrc%5Etfw">May 18, 2022</a></blockquote>
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<p><strong>Watch:&nbsp;Will Elon Musk walk away from the Twitter deal?</strong></p>

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<p>While hailing the move, Margaret Dorn, who is head of Environmental, Social, and Governance (ESG) Indices for North America at S&amp;P Dow Jones Indices (S&amp;P DJI), said in an interview with a media outlet that the changes were made as Tesla has also not published details relating to its low carbon strategy or business conduct codes.</p>

<p>"You can't just take a company's mission statement at face value, you have to look at their practices across all the key dimensions," Dorn said. &nbsp;</p>

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<p><em>(With inputs from agencies)&nbsp;</em></p>

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Tesla CEO Elon Musk’s problems are far from over. After his deal to takeover Twitter seems to have gone ‘on hold’, S&P Dow Jones Indices has omitted the electric carmaker, Tesla Inc, from its S&P 500 ESG Index, media reports said.

Tesla CEO Elon Musk’s problems are far from over. After his deal to takeover Twitter seems to have gone ‘on hold’, S&P Dow Jones Indices has omitted the electric carmaker, Tesla Inc, from its S&P 500 ESG Index, media reports said. The action seems to have been taken over several issues, such as crashes linked to autopilot vehicles, racial discrimination claims, etc. As the S&P 500 ESG Index is widely-followed, the move has prompted harsh replies in the form of tweets from billionaire Elon Musk on Wednesday. Also Read: Elon Musk did not ask anything about business while signing, says Twitter over ‘on hold’ deal In a tweet, Tesla CEO Elon Musk said, "Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponised by phony social justice warriors." Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors. — Elon Musk (@elonmusk) May 18, 2022 × Watch: Will Elon Musk walk away from the Twitter deal? × While hailing the move, Margaret Dorn, who is head of Environmental, Social, and Governance (ESG) Indices for North America at S&P Dow Jones Indices (S&P DJI), said in an interview with a media outlet that the changes were made as Tesla has also not published details relating to its low carbon strategy or business conduct codes. "You can't just take a company's mission statement at face value, you have to look at their practices across all the key dimensions," Dorn said. WATCH WION LIVE HERE (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Troubles beginning to grow? S&P 500 ESG Index ditches Tesla, invokes CEO Elon Musk’s harsh reaction

<p>Tesla CEO Elon Musk is no stranger to strange tweets and recently, he has been dominating headlines for weird responses and posts on the social networking site. Musk’s most recent tweet once again caused ripples on the site as he responded to Twitter CEO Parag Agarwal’s post insisting that the company is doing everything possible to eliminate bots and spam accounts.</p>

<p>On Tuesday, Agarwal tweeted that the internal estimates regarding the spam accounts on Twitter were ‘well under 5%’ after Musk’s comments on the company’s handling of the situation. He added that the estimates have more or less remained constant since 2013 but it cannot be ‘reproduced externally as it takes a lot of ‘private and public information’ to determine if the user is a bot.</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/world/more-than-260-ukrainian-soldiers-evacuated-from-mariupol-steel-plant-479688" hreflang="en">More than 260 Ukrainian soldiers evacuated from Mariupol steel plant</a></p>

<p>"Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it’s not even possible to know which accounts are counted as mDAUs on any given day,” he explained.</p>

<p>However, Musk was visibly not impressed with the explanation provided by Agarwal as he replied to the Twitter thread with a single poop emoji. He followed it up with another tweet that read – “So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.”</p>

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<p>Musk was on the verge of buying Twitter for USD 44 billion but he decided to put the deal on hold temporarily following reports that Twitter had estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.</p>

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Tesla CEO Elon Musk is no stranger to strange tweets and recently, he has been dominating headlines for weird responses and posts on the social networking site. Musk’s most recent tweet once again caused ripples on the site as he responded to Twitter CEO Parag Agarwal’s post insisting that the company is doing everything possible to eliminate bots and spam accounts.

Tesla CEO Elon Musk is no stranger to strange tweets and recently, he has been dominating headlines for weird responses and posts on the social networking site. Musk’s most recent tweet once again caused ripples on the site as he responded to Twitter CEO Parag Agarwal’s post insisting that the company is doing everything possible to eliminate bots and spam accounts. On Tuesday, Agarwal tweeted that the internal estimates regarding the spam accounts on Twitter were ‘well under 5%’ after Musk’s comments on the company’s handling of the situation. He added that the estimates have more or less remained constant since 2013 but it cannot be ‘reproduced externally as it takes a lot of ‘private and public information’ to determine if the user is a bot. Also read | More than 260 Ukrainian soldiers evacuated from Mariupol steel plant "Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it’s not even possible to know which accounts are counted as mDAUs on any given day,” he explained. However, Musk was visibly not impressed with the explanation provided by Agarwal as he replied to the Twitter thread with a single poop emoji. He followed it up with another tweet that read – “So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.” 💩 — Elon Musk (@elonmusk) May 16, 2022 × Musk was on the verge of buying Twitter for USD 44 billion but he decided to put the deal on hold temporarily following reports that Twitter had estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. WATCH WION LIVE HERE -

Elon Musk posts poop emoji in response to Twitter CEO's thread on fake accounts

<p>Indonesia's government said in a statement that President Joko Widodo met Tesla Inc Chief Executive Elon Musk in Texas on Saturday.</p>

<p>Widodo and Musk discussed potential investments and technology amid speculation that Tesla may choose&nbsp;Indonesia for a manufacturing base in Asia.</p>

<p>Indonesian officials told Reuters that Musk held a round of working-level discussions on a potential investment in Indonesia's nickel industry and supply of batteries for electric vehicles.</p>

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<p>Two people familiar with the talks told Bloomberg that representatives from Tesla were in Indonesia last week for meetings regarding a potential battery-related investment.</p>

<p>Highlighting Indonesia's potential, Musk had said ''there could be room for partnerships in many things.''</p>

<p>Previously, Musk was in talks with India to set up a manufacturing base in the country but Minister of Road, Transport, and Highways Nitin Gadkari told him that Tesla needs to do entire car production in India instead of getting parts manufactured in China.</p>

<p>But experts believed that Musk might want to sever his ties with China, which is Tesla's largest market, until India lifts duties.</p>

<p>Adar Poonawalla, the chief executive officer of the Serum Institute of India, said if Musk puts capital into making cars in India, it will be his ''best investment.''</p>

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<p dir="ltr" lang="en">Hey <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> just in case you don't end up buying <a href="https://twitter.com/Twitter?ref_src=twsrc%5Etfw">@Twitter</a>, do look at investing some of that capital in INDIA for high-quality large-scale manufacturing of <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a> cars. I assure you this will be the best investment you'll ever make.</p>
— Adar Poonawalla (@adarpoonawalla) <a href="https://twitter.com/adarpoonawalla/status/1523199103198400512?ref_src=twsrc%5Etfw">May 8, 2022</a></blockquote>
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<p>Indonesia, which has the world’s biggest nickel reserves and is keen to develop a nickel-based EV industry at home, has been trying to secure a deal with Tesla for years on battery investment and potentially for Musk's SpaceX aerospace company.</p>

<p>(With inputs from agencies)</p>

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Indonesia's government said in a statement that President Joko Widodo met Tesla Inc Chief Executive Elon Musk in Texas on Saturday. Widodo and Musk discussed potential investments and technology amid speculation that Tesla may choose Indonesia for a manufacturing base in Asia.

Indonesia's government said in a statement that President Joko Widodo met Tesla Inc Chief Executive Elon Musk in Texas on Saturday. Widodo and Musk discussed potential investments and technology amid speculation that Tesla may choose Indonesia for a manufacturing base in Asia. Indonesian officials told Reuters that Musk held a round of working-level discussions on a potential investment in Indonesia's nickel industry and supply of batteries for electric vehicles. Two people familiar with the talks told Bloomberg that representatives from Tesla were in Indonesia last week for meetings regarding a potential battery-related investment. Highlighting Indonesia's potential, Musk had said ''there could be room for partnerships in many things.'' Previously, Musk was in talks with India to set up a manufacturing base in the country but Minister of Road, Transport, and Highways Nitin Gadkari told him that Tesla needs to do entire car production in India instead of getting parts manufactured in China. But experts believed that Musk might want to sever his ties with China, which is Tesla's largest market, until India lifts duties. Adar Poonawalla, the chief executive officer of the Serum Institute of India, said if Musk puts capital into making cars in India, it will be his ''best investment.'' Hey @elonmusk just in case you don't end up buying @Twitter, do look at investing some of that capital in INDIA for high-quality large-scale manufacturing of @Tesla cars. I assure you this will be the best investment you'll ever make. — Adar Poonawalla (@adarpoonawalla) May 8, 2022 × Indonesia, which has the world’s biggest nickel reserves and is keen to develop a nickel-based EV industry at home, has been trying to secure a deal with Tesla for years on battery investment and potentially for Musk's SpaceX aerospace company. (With inputs from agencies) Watch WION's live TV here:

President Joko Widodo meets Elon Musk amid speculation that Tesla may choose Indonesia for manufacturing base

According to a report, Tesla's India entry plans have been put on hold over a deadlock on tariffs. EV maker has abandoned the search for showroom space.

Report: Tesla's India entry plans on hold over deadlock on tariffs

<p>The strong headwinds in the global economy have wiped off a whopping $7 trillion in market value from blue chip stocks in the S&amp;P 500. Since the end of December last year, the index has dropped approximately 18 per cent.&nbsp; Following a 0.1 per cent fall on Thursday (May 12), the S&amp;P 500 is now just beyond bear market levels, that is 20 per cent drop from a recent closing high.&nbsp;</p>

<p>The Dow, which fell about 104 points, or 0.3 per cent, on Thursday (May 12), is down more than 13 per cent this year.</p>

<p><strong>Also read |<a href="https://www.wionews.com/world/now-sec-probes-delayed-disclosure-of-elon-musks-initial-stake-in-twitter-says-report-478308">&nbsp;Now, SEC probes delayed disclosure of Elon Musk's initial stake in Twitter, says report</a></strong></p>

<p>Technology stocks have been hit very bad. The Nasdaq managed a small rise on Thursday, but it is still down 27 per cent this year, placing it in market territory, according to US media reports. The tech sector is responsible for about $3 trillion of the S&amp;P 500’s market cap decline.&nbsp;</p>

<p>As per the analysis from Bespoke Investment Group, a research firm, The Nasdaq has dropped more than 20 per cent in the last 30 trading days. According to the firm, a dip of that magnitude has only happened 11 times earlier, and nine of those declines were “related with recession.”</p>

<p><strong>Watch |&nbsp;Gravitas: Worst day for global markets since June 2020</strong></p>

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<p>Shares of many tech leaders such as Apple (AAPL), Microsoft (MSFT), Google owner Alphabet (GOOGL) and Tesla (TSLA) are all deeply in red. However, Netflix (NFLX) is the poorest performer in the S&amp;P 500 in 2022, down more than 70 per cent, CNN Business reported.&nbsp;</p>

<p>The sharp drop is alarming Main Street, which is concerned that the US economy is losing its speed after a remarkable rebound from the pandemic-induced recession.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/biden-sets-inflation-agenda-discusses-end-to-china-tariffs-477964">Biden sets inflation agenda; discusses end to China tariffs</a></strong></p>

<p>Investors are now waiting for capitulation, the point at which it appears that everyone has completely given up. When sentiment appears to be at its lowest, it may be time to begin buying them again.&nbsp;</p>

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<p><em>(With inputs from agencies)</em><br />
&nbsp;</p>


The strong headwinds in the global economy have wiped off a whopping $7 trillion in market value from blue chip stocks in the S&P 500. Since the end of December last year, the index has dropped approximately 18 per cent.

The strong headwinds in the global economy have wiped off a whopping $7 trillion in market value from blue chip stocks in the S&P 500. Since the end of December last year, the index has dropped approximately 18 per cent. Following a 0.1 per cent fall on Thursday (May 12), the S&P 500 is now just beyond bear market levels, that is 20 per cent drop from a recent closing high. The Dow, which fell about 104 points, or 0.3 per cent, on Thursday (May 12), is down more than 13 per cent this year. Also read | Now, SEC probes delayed disclosure of Elon Musk's initial stake in Twitter, says report Technology stocks have been hit very bad. The Nasdaq managed a small rise on Thursday, but it is still down 27 per cent this year, placing it in market territory, according to US media reports. The tech sector is responsible for about $3 trillion of the S&P 500’s market cap decline. As per the analysis from Bespoke Investment Group, a research firm, The Nasdaq has dropped more than 20 per cent in the last 30 trading days. According to the firm, a dip of that magnitude has only happened 11 times earlier, and nine of those declines were “related with recession.” Watch | Gravitas: Worst day for global markets since June 2020 Shares of many tech leaders such as Apple (AAPL), Microsoft (MSFT), Google owner Alphabet (GOOGL) and Tesla (TSLA) are all deeply in red. However, Netflix (NFLX) is the poorest performer in the S&P 500 in 2022, down more than 70 per cent, CNN Business reported. The sharp drop is alarming Main Street, which is concerned that the US economy is losing its speed after a remarkable rebound from the pandemic-induced recession. Also read | Biden sets inflation agenda; discusses end to China tariffs Investors are now waiting for capitulation, the point at which it appears that everyone has completely given up. When sentiment appears to be at its lowest, it may be time to begin buying them again. WATCH WION LIVE HERE: (With inputs from agencies)

Big slump: US stock markets lost more than $7 trillion this year

China is an important market for automakers including Tesla, as it was the top seller of EVs in the country in March delivering 65,000 cars from its Shanghai factory. Its manufacturing and sales took a huge hit last month when the government shut down Shanghai.

Lockdowns take a toll on auto sales, Tesla's China sales dive 98%

Tesla has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo.

Tesla halts production at Shanghai plant amid Covid-19 surge

<p>The New York Times (NYT) has reported that billionaire Elon Musk wants to increase Twitter's annual revenue to $26.4 billion by 2028.</p>

<p>Citing a pitch deck presented by Musk to investors, NYT reported that he aims to increase Twitter's cash flow to $3.2 billion in 2025 and $9.4 billion in 2028.</p>

<p>According to the report, Musk plans on ensuring that 45 per cent of total revenue comes from advertising instead of 90 per cent in 2020.</p>

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<p>This will generate $12 billion in revenue in 2028, while subscriptions are expected to pull in another $10 billion as per the report.</p>

<p>The NYT cited the document as saying, Musk expects the social media company to bring in $15 million from a payments business in 2023 that will grow to about $1.3 billion by 2028.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/us-federal-trade-commission-is-reviewing-musks-buyout-of-twitter-report-476696" hreflang="en">US Federal Trade Commission is reviewing Musk's buyout of Twitter: Report</a></strong></p>

<p>Tesla Chief Elon Musk, who is the world's richest man with a net worth of $265 billion as per Forbes, had offered to buy Twitter for $44 billion in cash.</p>

<p>He has raised $7.1 billion for his Twitter acquisition from 18 investors who agreed to cash investments including Ellison ($1 billion), Sequoia Capital ($800 million), and Vy Capital ($700 million).&nbsp;</p>

<p>The South African billionaire, who describes himself as a ''free speech absolutist'', has vowed to get rid of bots and trolls.</p>

<p><em>(With inputs from agencies)</em></p>

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The New York Times (NYT) has reported that billionaire Elon Musk wants to increase Twitter's annual revenue to $26.4 billion by 2028. Citing a pitch deck presented by Musk to investors, NYT reported that he aims to increase Twitter's cash flow to $3.

The New York Times (NYT) has reported that billionaire Elon Musk wants to increase Twitter's annual revenue to $26.4 billion by 2028. Citing a pitch deck presented by Musk to investors, NYT reported that he aims to increase Twitter's cash flow to $3.2 billion in 2025 and $9.4 billion in 2028. According to the report, Musk plans on ensuring that 45 per cent of total revenue comes from advertising instead of 90 per cent in 2020. This will generate $12 billion in revenue in 2028, while subscriptions are expected to pull in another $10 billion as per the report. The NYT cited the document as saying, Musk expects the social media company to bring in $15 million from a payments business in 2023 that will grow to about $1.3 billion by 2028. Also read | US Federal Trade Commission is reviewing Musk's buyout of Twitter: Report Tesla Chief Elon Musk, who is the world's richest man with a net worth of $265 billion as per Forbes, had offered to buy Twitter for $44 billion in cash. He has raised $7.1 billion for his Twitter acquisition from 18 investors who agreed to cash investments including Ellison ($1 billion), Sequoia Capital ($800 million), and Vy Capital ($700 million). The South African billionaire, who describes himself as a ''free speech absolutist'', has vowed to get rid of bots and trolls. (With inputs from agencies) Watch WION's live TV here: Decode the geostrategy, diplomacy, and ideologies of the world’s unending wars. Catch our special series ‘World at War’ every Saturday at 8:30 PM IST and Sunday at 10:30 PM IST only on WION.

Musk wants to increase Twitter's annual revenue to $26.4 billion by 2028

<p>A lawsuit has been filed against Tesla CEO Elon Musk by a Florida pension fund to prevent Twitter's buyout by the billionaire.</p>

<p>In its filing, the pension fund stated that Musk is going against Delaware's law as he has other obligations towards Tesla's shareholders.</p>

<p>But Musk has agreements with Twitter founder Jack Dorsey and his financial advisor Morgan Stanley to support the buyout. They own 2.4 per cent and 8.8 per cent of Twitter's shares.&nbsp;</p>

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<p>The pension fund has stated that it needs to be delayed by three years unless two-thirds of shares owned by other shareholders grant him approval.</p>

<p>Florida's governor Ron DeSantis had said earlier this week that if Musk completes his buyout, the state's pension fund will make a $15m to $20m profit.</p>

<p>In another lawsuit, a Tesla investor will argue the CEO's $56 billion pay package from the company is a waste of money that failed to secure his full-time services.</p>

<p><strong>Also see |&nbsp;<a href="https://www.wionews.com/photos/heres-how-much-twitter-shareholders-will-get-after-elon-musks-44bn-offer-474217">Here's how much Twitter shareholders will get after Elon Musk's $44bn offer</a></strong></p>

<p>According to one of the shareholder's attorneys, the deal for Twitter Inc and its potential to distract Musk from Tesla will play an important part of the trial in October.</p>

<p>In 2018, Musk had created the 10-year package without requiring the celebrity CEO to devote himself to the electric vehicle maker.</p>

<p>"Look at most CEO contracts. The first line, it says 'you're going to be a full-time CEO and devote substantially full time to the business and affairs of the company.' That's standard," said Greg Varallo of Bernstein Litowitz Berger &amp; Grossmann, the firm that is leading the case against the pay deal.</p>

<p><em>(With inputs from agencies)</em></p>

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&nbsp;</p>


A lawsuit has been filed against Tesla CEO Elon Musk by a Florida pension fund to prevent Twitter's buyout by the billionaire. In its filing, the pension fund stated that Musk is going against Delaware's law as he has other obligations towards Tesla's shareholders.

A lawsuit has been filed against Tesla CEO Elon Musk by a Florida pension fund to prevent Twitter's buyout by the billionaire. In its filing, the pension fund stated that Musk is going against Delaware's law as he has other obligations towards Tesla's shareholders. But Musk has agreements with Twitter founder Jack Dorsey and his financial advisor Morgan Stanley to support the buyout. They own 2.4 per cent and 8.8 per cent of Twitter's shares. The pension fund has stated that it needs to be delayed by three years unless two-thirds of shares owned by other shareholders grant him approval. Florida's governor Ron DeSantis had said earlier this week that if Musk completes his buyout, the state's pension fund will make a $15m to $20m profit. In another lawsuit, a Tesla investor will argue the CEO's $56 billion pay package from the company is a waste of money that failed to secure his full-time services. Also see | Here's how much Twitter shareholders will get after Elon Musk's $44bn offer According to one of the shareholder's attorneys, the deal for Twitter Inc and its potential to distract Musk from Tesla will play an important part of the trial in October. In 2018, Musk had created the 10-year package without requiring the celebrity CEO to devote himself to the electric vehicle maker. "Look at most CEO contracts. The first line, it says 'you're going to be a full-time CEO and devote substantially full time to the business and affairs of the company.' That's standard," said Greg Varallo of Bernstein Litowitz Berger & Grossmann, the firm that is leading the case against the pay deal. (With inputs from agencies) Watch WION's live TV here: Decode the geostrategy, diplomacy, and ideologies of the world’s unending wars. Catch our special series ‘World at War’ every Saturday at 8:30 PM IST and Sunday at 10:30 PM IST only on WION.

Lawsuit filed against Tesla CEO Elon Musk to prevent Twitter's buyout

Billionaire Elon Musk has secured $7.1 billion in new funding. Musk is expected to serve as Twitter's chief executive officer (CEO) for a few months after he completes his $44 billion acquisition of the social media firm. What next for CEO Parag and Legal head Vijaya Gadde?

Tesla CEO Elon Musk makes big moves for Twitter takeover

According to a recent report, the US federal trade commission is reviewing the Tesla chief executive Elon Musk's 44 billion dollar takeover of the social media giant Twitter. Will Elon Musk's Twitter buyout be delayed?

United States: Will Elon Musk's Twitter buyout be delayed?

Tesla CEO Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company.

Elon Musk to lead Twitter temporarily after $44 billion takeover, says report

<p>&nbsp;Elon Musk has been a major talking point in the past couple of weeks as the billionaire tech entrepreneur bought Twitter in a $44 billion deal. There have been a number of opinions regarding his takeover of Twitter and even his appearance at the Met Gala created major headlines.</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/world/who-chief-warns-world-is-blind-to-how-covid-is-mutating-after-safrica-reports-two-new-omicron-variants-476547">Two new Omicron variants behind rise in South Africa COVID-19 cases</a></p>

<p>The Tesla CEO has been the founder of a number of companies but while replying to a Twitter user, he revealed that he once transformed his house into a nightclub in order to earn money for rent.</p>

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<p dir="ltr" lang="en">Yeah, kids starting with lots of money usually have much less motivation than those who have nothing.<br />
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When we started our first company (Zip2) in 95, I had over $100k of student debt, a computer I built myself and a few thousand dollars.</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1521517555084525568?ref_src=twsrc%5Etfw">May 3, 2022</a></blockquote>
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<p>If being born to a well-off family is why @ElonMusk succeeded extravagantly in life then explain to me why all these rich kids go to art school, never get a job, and waste away, the user tweeted.</p>

<p>Replying to the post, Musk said - “Yeah, kids starting with lots of money usually have much less motivation than those who have nothing. When we started our first company (Zip2) in 95, I had over $100k of student debt, a computer I built myself and a few thousand dollars”.</p>

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<p dir="ltr" lang="en">Yeah, we paid for rent by turning the house into a nightclub &amp; charging $5</p>
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<p>Following this interaction, another Twitter user called Pranay Pathole joined the conversation and said – “And here people spread lies about you already belonging to a wealthy family &amp; that your dad owned an emerald mine. While starting Zip2 you guys didn't have a place to stay &amp; had to shower at YMCA. Also, while in college didn't u guys turn ur room in a nightclub to afford rent?”</p>

<p>Also read |&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-key-highlights-of-amber-heards-testimony-johnny-depp-put-his-fingers-inside-me-to-look-for-cocaine-476503">Key highlights of Amber Heard's testimony against Johnny Depp</a></p>

<p>“Yeah, we paid for rent by turning the house into a nightclub &amp; charging $5,” Musk replied.</p>


Elon Musk has been a major talking point in the past couple of weeks as the billionaire tech entrepreneur bought Twitter in a $44 billion deal. There have been a number of opinions regarding his takeover of Twitter and even his appearance at the Met Gala created major headlines.

Elon Musk has been a major talking point in the past couple of weeks as the billionaire tech entrepreneur bought Twitter in a $44 billion deal. There have been a number of opinions regarding his takeover of Twitter and even his appearance at the Met Gala created major headlines. Also read | Two new Omicron variants behind rise in South Africa COVID-19 cases The Tesla CEO has been the founder of a number of companies but while replying to a Twitter user, he revealed that he once transformed his house into a nightclub in order to earn money for rent. Yeah, kids starting with lots of money usually have much less motivation than those who have nothing. When we started our first company (Zip2) in 95, I had over $100k of student debt, a computer I built myself and a few thousand dollars. — Elon Musk (@elonmusk) May 3, 2022 × If being born to a well-off family is why @ElonMusk succeeded extravagantly in life then explain to me why all these rich kids go to art school, never get a job, and waste away, the user tweeted. Replying to the post, Musk said - “Yeah, kids starting with lots of money usually have much less motivation than those who have nothing. When we started our first company (Zip2) in 95, I had over $100k of student debt, a computer I built myself and a few thousand dollars”. Yeah, we paid for rent by turning the house into a nightclub & charging $5 — Elon Musk (@elonmusk) May 3, 2022 × Following this interaction, another Twitter user called Pranay Pathole joined the conversation and said – “And here people spread lies about you already belonging to a wealthy family & that your dad owned an emerald mine. While starting Zip2 you guys didn't have a place to stay & had to shower at YMCA. Also, while in college didn't u guys turn ur room in a nightclub to afford rent?” Also read | Key highlights of Amber Heard's testimony against Johnny Depp “Yeah, we paid for rent by turning the house into a nightclub & charging $5,” Musk replied.

Elon Musk reveals how he converted his house into a nightclub back in college to pay rent

Tesla CEO Elon musk tweeted that business and government users on Twitter may need to pay a slight fee to stay on the social media platform. Taking to Twitter mark said that the social media giant is always free for casual users.

End of free Twitter? Tesla CEO Elon Musk suggests raft of changes to Twitter

<p>In a filing, Twitter Inc said that fake accounts on the microblogging site comprise of less than 5 per cent of its users.</p>

<p>The tech giant, which has 229 million users, disclosed in the filing that it faced several risks until the deal with billionaire Elon Musk is closed.</p>

<p>It comes after Musk, the world's richest man with a net worth of $265.6 billion according to Forbes, said he will get rid of "bots and trolls," on Twitter.</p>

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<p>Musk had previously called “crypto spam bots,” as the “most annoying problem on Twitter.”</p>

<p>He made a cash offer worth $44 billion to purchase after saying that Twitter is not living up to free speech principles.</p>

<p>Citing unnamed sources, news agencies have reported that Musk has lined up a new chief executive for Twitter.</p>

<p>When a Twitter user asked CEO Parag Agrawal he if was fired, he replied, ''Nope! We're still here.''</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/billionaire-elon-musk-wants-twitter-to-be-as-broadly-inclusive-as-possible-475918" hreflang="en">Billionaire Elon Musk wants Twitter to be 'as broadly inclusive as possible'</a></strong></p>

<p>AFP reported that Musk wants to tie up less of his wealth in the deal with Twitter and is in talks with large investment firms and high net-worth individuals about taking on more financing for his acquisition.</p>

<p>Musk's takeover of Twitter is providing ammunition to Tesla investors who claim that it will distract him from the company.</p>

<p>An investor is arguing that Musk's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services.</p>

<p>Greg Varallo of Bernstein Litowitz Berger &amp; Grossmann, the firm that is leading the case against the pay deal, told the news agency Reuters that "Look at most CEO contracts. The first line, it says 'you're going to be a full-time CEO and devote substantially full time to the business and affairs of the company.' That's standard."&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>Watch WION's live TV:</strong></p>

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In a filing, Twitter Inc said that fake accounts on the microblogging site comprise of less than 5 per cent of its users. The tech giant, which has 229 million users, disclosed in the filing that it faced several risks until the deal with billionaire Elon Musk is closed.

In a filing, Twitter Inc said that fake accounts on the microblogging site comprise of less than 5 per cent of its users. The tech giant, which has 229 million users, disclosed in the filing that it faced several risks until the deal with billionaire Elon Musk is closed. It comes after Musk, the world's richest man with a net worth of $265.6 billion according to Forbes, said he will get rid of "bots and trolls," on Twitter. Musk had previously called “crypto spam bots,” as the “most annoying problem on Twitter.” He made a cash offer worth $44 billion to purchase after saying that Twitter is not living up to free speech principles. Citing unnamed sources, news agencies have reported that Musk has lined up a new chief executive for Twitter. When a Twitter user asked CEO Parag Agrawal he if was fired, he replied, ''Nope! We're still here.'' Also read | Billionaire Elon Musk wants Twitter to be 'as broadly inclusive as possible' AFP reported that Musk wants to tie up less of his wealth in the deal with Twitter and is in talks with large investment firms and high net-worth individuals about taking on more financing for his acquisition. Musk's takeover of Twitter is providing ammunition to Tesla investors who claim that it will distract him from the company. An investor is arguing that Musk's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services. Greg Varallo of Bernstein Litowitz Berger & Grossmann, the firm that is leading the case against the pay deal, told the news agency Reuters that "Look at most CEO contracts. The first line, it says 'you're going to be a full-time CEO and devote substantially full time to the business and affairs of the company.' That's standard." (With inputs from agencies) Watch WION's live TV:

Twitter says fake accounts comprise of less than 5% users

The world's richest man Elon Musk has started liquidating assets to help fund his bid to buy Twitter. Tesla's chief executive officer has sold $4 billion worth of shares recently. As per reports, Musk is planning to monetise tweets.

United States: Elon Musk's $44 billion Twitter buyout, sells Tesla shares worth $4 billion

Tech visionary turned social media king Elon Musk's A-list enterprises and how much they are worth

Tesla CEO Elon Musk has criticised Twitter's staff publicly, despite a promise from the entrepreneur not to disparage the company or its employees. Will Musk's comments derail negotiations with Twitter?

Tesla CEO Elon Musk publicly criticises Twitter staff which stirs fresh row

<p>Twitter's new buyer Elon&nbsp;Musk&nbsp;still must have his tweets about his electric car company Tesla pre-approved after a US judge on Wednesday rejected an appeal to free him from oversight.</p>

<p>Musk&nbsp;last month filed a motion to overturn Securities and Exchange Commission (SEC) restrictions imposed following his 2018 tweet, in which he said he had acquired funding to take Tesla private, but did not provide proof or file paperwork with the securities regulator.</p>

<p>The tweet, which caused share prices to fluctuate wildly, was ruled to be "false and misleading" and shareholders have accused Tesla of securities fraud.</p>

<p>The SEC also charged&nbsp;Musk&nbsp;with fraud and ordered him to step down as chair of Tesla's board of directors, pay a $20 million fine and, after another unfortunate tweet in early 2019, demanded his tweets directly related to the business of the company be pre-approved by a competent lawyer.</p>

<p>Musk&nbsp;said he was forced to agree to the deal, and denies lying to shareholders.</p>

<p>However, "Musk's claim that he was the victim of economic duress is wholly unpersuasive," Judge Lewis Liman wrote in his ruling.</p>

<p>The judge said&nbsp;Musk's argument that the SEC has used the agreement "to harass him" and investigate his speech is "meritless" and "particularly ironic," since free speech rights do not allow him to make statements that are "considered fraudulent" or violate securities laws.</p>

<p>"Musk&nbsp;cannot now seek to retract the agreement he knowingly and willingly entered by simply bemoaning that he felt like he had to agree to it at the time but now -- once the specter of the litigation is a distant memory and his company has become, in his estimation, all but invincible -- wishes that he had not."</p>

<p>The judge also rejected&nbsp;Musk's request to quash part of the SEC's demand for documents about his November 6, 2021 tweet calling for followers to vote on whether he should sell 10 percent of his Tesla stock.&nbsp;</p>

<p>The tweet sent the company's share price lower, and the SEC wants to know if it was approved as required. The agency also is investigating possible insider trading after&nbsp;Musk's brother -- a Tesla board member -- sold $108 million in the car-maker's stock a day before the poll.</p>

<p>Musk's headline-grabbing deal to buy Twitter comes with a clause specifying that he is free to tweet about the pending $44 billion merger provided his posts "do not disparage the company or any of its representatives," a copy filed with US regulators shows.</p>

<p>That did not stop&nbsp;Musk&nbsp;on Wednesday from tweeting his displeasure with content moderation moves made by Twitter's top attorney Vijaya Gadde who is seen as a moral champion of the platform.</p>

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Twitter's new buyer Elon Musk still must have his tweets about his electric car company Tesla pre-approved after a US judge on Wednesday rejected an appeal to free him from oversight.

Twitter's new buyer Elon Musk still must have his tweets about his electric car company Tesla pre-approved after a US judge on Wednesday rejected an appeal to free him from oversight. Musk last month filed a motion to overturn Securities and Exchange Commission (SEC) restrictions imposed following his 2018 tweet, in which he said he had acquired funding to take Tesla private, but did not provide proof or file paperwork with the securities regulator. The tweet, which caused share prices to fluctuate wildly, was ruled to be "false and misleading" and shareholders have accused Tesla of securities fraud. 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 unfortunate tweet in early 2019, demanded his tweets directly related to the business of the company be pre-approved by a competent lawyer. Musk said he was forced to agree to the deal, and denies lying to shareholders. However, "Musk's claim that he was the victim of economic duress is wholly unpersuasive," Judge Lewis Liman wrote in his ruling. The judge said Musk's argument that the SEC has used the agreement "to harass him" and investigate his speech is "meritless" and "particularly ironic," since free speech rights do not allow him to make statements that are "considered fraudulent" or violate securities laws. "Musk cannot now seek to retract the agreement he knowingly and willingly entered by simply bemoaning that he felt like he had to agree to it at the time but now -- once the specter of the litigation is a distant memory and his company has become, in his estimation, all but invincible -- wishes that he had not." The judge also rejected Musk's request to quash part of the SEC's demand for documents about his November 6, 2021 tweet calling for followers to vote on whether he should sell 10 percent of his Tesla stock. The tweet sent the company's share price lower, and the SEC wants to know if it was approved as required. The agency also is investigating possible insider trading after Musk's brother -- a Tesla board member -- sold $108 million in the car-maker's stock a day before the poll. Musk's headline-grabbing deal to buy Twitter comes with a clause specifying that he is free to tweet about the pending $44 billion merger provided his posts "do not disparage the company or any of its representatives," a copy filed with US regulators shows. That did not stop Musk on Wednesday from tweeting his displeasure with content moderation moves made by Twitter's top attorney Vijaya Gadde who is seen as a moral champion of the platform. WATCH WION LIVE HERE ×

Judge rejects Elon Musk bid to free tweets from oversight

Ford motor has announced a new range of lightning electric pickup trucks and automaker has openly challenged Tesla and all either EV makers globally, how has it happened take a look at this story.

Ford to dominate EV market with new range of lightning electric pickup truck

<p>Investors are carefully weighing the possibility of billionaire Elon Musk backtracking from his declared plans of buying social media giant Twitter. The speculation sent Twitter's shares tumbling on Wednsday (April 27).</p>

<p>Traders are reportedly wary of possibility that Elon Musk may not have enough money sitting around to put together funds for his USD 21 billion cash contribution in the USD 44 billion offer to take over Twitter. There is speculation that Musk may decide against selling some of his Tesla shares to come up with the amount.</p>

<p>Elon Musk has backtracked after making mega announcements in the past. He declined to take up a seat on Twitter's board at the last minute earlier this month. In 2018, Musk had declared that he would take Tesla private. He even said that he had "funding secured" for USD 72 billion deal. But he didn't move ahead with the offer.</p>

<p>If Musk decides to walk away from Twitter acquisition, he will have to pay USD 1 billion breakup fee. But this amount is a very very tiny sliver of Musk's wealth (USD 240 billion as estimated by Forbes).</p>

<p>"There's a lot of headline risk over the next six months that it takes to complete the deal," said Chris Pultz, portfolio manager for merger arbitrage at Kellner Capital. Pultz was quoted by Reuters.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/world/after-twitter-takeover-elon-musk-wants-to-add-cocaine-to-coca-cola-474530">After Twitter takeover, Elon Musk wants to add cocaine to Coca-Cola</a></strong></p>

<p>Musk could calm some of the market jitters by providing more details on the source of his equity financing or bring in partners to help split the check. This, however, could introduce new risks to the deal based on the identity of these partners, some fund managers said.</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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<p>Roy Behren, managing member of Westchester Capital Management, which has $5.4 billion of assets under management, said the $1 billion deal termination fee was not high enough to make Musk think twice about walking away from the deal.</p>

<p><em>(With inputs from agencies)</em></p>


Investors are carefully weighing the possibility of billionaire Elon Musk backtracking from his declared plans of buying social media giant Twitter. The speculation sent Twitter's shares tumbling on Wednsday (April 27).

Investors are carefully weighing the possibility of billionaire Elon Musk backtracking from his declared plans of buying social media giant Twitter. The speculation sent Twitter's shares tumbling on Wednsday (April 27). Traders are reportedly wary of possibility that Elon Musk may not have enough money sitting around to put together funds for his USD 21 billion cash contribution in the USD 44 billion offer to take over Twitter. There is speculation that Musk may decide against selling some of his Tesla shares to come up with the amount. Elon Musk has backtracked after making mega announcements in the past. He declined to take up a seat on Twitter's board at the last minute earlier this month. In 2018, Musk had declared that he would take Tesla private. He even said that he had "funding secured" for USD 72 billion deal. But he didn't move ahead with the offer. If Musk decides to walk away from Twitter acquisition, he will have to pay USD 1 billion breakup fee. But this amount is a very very tiny sliver of Musk's wealth (USD 240 billion as estimated by Forbes). "There's a lot of headline risk over the next six months that it takes to complete the deal," said Chris Pultz, portfolio manager for merger arbitrage at Kellner Capital. Pultz was quoted by Reuters. Also Read | After Twitter takeover, Elon Musk wants to add cocaine to Coca-Cola Musk could calm some of the market jitters by providing more details on the source of his equity financing or bring in partners to help split the check. This, however, could introduce new risks to the deal based on the identity of these partners, some fund managers said. WATCH WION LIVE HERE × Roy Behren, managing member of Westchester Capital Management, which has $5.4 billion of assets under management, said the $1 billion deal termination fee was not high enough to make Musk think twice about walking away from the deal. (With inputs from agencies)

Will Elon Musk take U-turn from offer to buy Twitter?

Amid investor concerns that CEO of Tesla Elon Musk may have to sell shares to fund his 21 billion dollar equity contribution to his 44 billion dollar buyout for Twitter. Electric car maker Tesla has lost 126 billion dollar in market value yesterday.

After Elon Musk's Twitter deal, Tesla shares crash, loses$126 billion

<p>Wang Wenbin, the spokesperson of the Chinese foreign ministry, on Tuesday (April 26) dismissed speculation that the country may&nbsp;try to influence Twitter through Tesla.</p>

<p>Addressing a press conference, Wenbin said, "I noticed that you're good at speculating but there is no basis."</p>

<p>Tesla CEO Elon Musk has bought Twitter with a cash deal of $44 billion and since China is the biggest market for the electric automobile company it was speculated that it might use this to influence the content on the microblogging site Twitter.</p>

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<p>Earlier, Amazon founder Jeff Bezos had said the Twitter deal gives China "a bit of leverage over the town square."</p>

<p>"My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter," Bezos had tweeted.</p>

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<p dir="ltr" lang="en">Interesting question. Did the Chinese government just gain a bit of leverage over the town square? <a href="https://t.co/jTiEnabP6T">https://t.co/jTiEnabP6T</a></p>
— Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1518734031566778368?ref_src=twsrc%5Etfw">April 25, 2022</a></blockquote>
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<p>In response, Musk, who is the world's richest man and a competitor of Bezos said, "I hope that even my worst critics remain on Twitter, because that is what free speech means."</p>

<p>Interestingly, Twitter is blocked in China and Beijing uses Weibo as its replacement in the Communist country.</p>

<p><strong>Also see |&nbsp;<a href="https://www.wionews.com/photos/elon-musk-buys-twitter-here-are-other-biggest-ever-tech-acquisitions-so-far-473886">Musk buys Twitter, here are other biggest-ever tech acquisitions so far</a></strong></p>

<p>After Musk opened a new showroom in China’s northwestern region of Xinjiang, American activists had urged him to close it as Beijing has made concentration camps over there to abuse Uighur Muslims.</p>

<p>According to Ibrahim Hooper, the communications director of the Council on American-Islamic Relations, “No American corporation should be doing business in a region that is the focal point of a campaign of genocide targeting a religious and ethnic minority.”</p>

<p><strong>Watch WION's live TV here:</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p>Even White House Press Secretary Jen Psaki had condemned the move saying, “The international community, including the public and private sectors cannot look the other way when it comes to what is taking place in Xinjiang.”&nbsp;</p>

<p>In 2019, Musk opened Tesla's first factory outside the US in Shanghai. He has been at loggerheads with the US Securities Exchange Commission over a tweet claiming he will take Tesla private in 2018.</p>

<p><em>(With inputs from agencies)</em></p>


Wang Wenbin, the spokesperson of the Chinese foreign ministry, on Tuesday (April 26) dismissed speculation that the country may try to influence Twitter through Tesla.

Wang Wenbin, the spokesperson of the Chinese foreign ministry, on Tuesday (April 26) dismissed speculation that the country may try to influence Twitter through Tesla. Addressing a press conference, Wenbin said, "I noticed that you're good at speculating but there is no basis." Tesla CEO Elon Musk has bought Twitter with a cash deal of $44 billion and since China is the biggest market for the electric automobile company it was speculated that it might use this to influence the content on the microblogging site Twitter. Earlier, Amazon founder Jeff Bezos had said the Twitter deal gives China "a bit of leverage over the town square." "My own answer to this question is probably not. The more likely outcome in this regard is complexity in China for Tesla, rather than censorship at Twitter," Bezos had tweeted. Interesting question. Did the Chinese government just gain a bit of leverage over the town square? https://t.co/jTiEnabP6T — Jeff Bezos (@JeffBezos) April 25, 2022 × In response, Musk, who is the world's richest man and a competitor of Bezos said, "I hope that even my worst critics remain on Twitter, because that is what free speech means." Interestingly, Twitter is blocked in China and Beijing uses Weibo as its replacement in the Communist country. Also see | Musk buys Twitter, here are other biggest-ever tech acquisitions so far After Musk opened a new showroom in China’s northwestern region of Xinjiang, American activists had urged him to close it as Beijing has made concentration camps over there to abuse Uighur Muslims. According to Ibrahim Hooper, the communications director of the Council on American-Islamic Relations, “No American corporation should be doing business in a region that is the focal point of a campaign of genocide targeting a religious and ethnic minority.” Watch WION's live TV here: Even White House Press Secretary Jen Psaki had condemned the move saying, “The international community, including the public and private sectors cannot look the other way when it comes to what is taking place in Xinjiang.” In 2019, Musk opened Tesla's first factory outside the US in Shanghai. He has been at loggerheads with the US Securities Exchange Commission over a tweet claiming he will take Tesla private in 2018. (With inputs from agencies)

Twitter-Elon Musk deal: China junks speculations it may gain influence over the site

Where on one side billionaire Elon musk is becoming the owner of Twitter his troubles in India relating to the selling of Tesla cars may not be over yet. India's road transport minister Nitin Gadkari has said that Tesla should not import cars from china for sale in India.

India: Tesla shouldn't import cars from China, says India's road transport minister Nitin Gadkari

<p>Tesla CEO Elon Musk has announced that the company plans to roll out robotaxi with no steering wheel or pedals by 2024.</p>

<p>The announcement came after the world's largest electric-vehicle maker recorded a strong net profit of US $3.3 billion in the March quarter.</p>

<p>Quarterly revenue stood at $18.8 billion, beating estimates for $17.9 billion, and up 81 per cent year-on-year. Earnings per share came in at $2.86, compared with expectations for $2.27, and adjusted earnings per share were $3.22.</p>

<p>The autonomous rideshare service will cost as much as a subsidised subway ticket, Musk said. Though it remains to be seen how cheap can he sell the robotaxi,&nbsp;considering that Tesla is known for selling expensive electric cars.&nbsp;&nbsp;&nbsp;</p>

<p>“It's fundamentally optimised for trying to achieve the lowest fully considered cost per mile, cost per kilometre, accounting everything," The Business Insider quoted Musk as saying.</p>

<p>"I think that really will be a massive driver of Tesla's growth."</p>

<p>Musk said that Tesla Robotaxi will also contain a “number of other innovations” though he did not elaborate how innovative it would be.</p>

<p>Musk first mentioned about the robotaxi earlier this month at Tesla’s Austin gigafactory opening, where he outlined a variety of future products&nbsp;including Optimus, Tesla’s humanoid robot concept.</p>

<p>The 50-year-old said that these “futuristic products” would mark Tesla’s departure from its passenger car business, which generates the bulk of its profits today.</p>

<p>"Optimus ultimately will be worth more than the car business, worth more than FSD," he said.</p>

<p>&nbsp;Tesla has been hit by supply-chain issues, with its factories running below capacity for the last several quarters.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/twitter-takeover-elon-musk-secures-465bn-to-buy-twitter-in-hostile-bid-472777">Twitter takeover: Elon Musk secures $46.5bn to buy Twitter in hostile bid</a></p>

<p>Tesla's Shanghai Gigafactory, which was responsible for half the company's global production last year, had been impacted by a surge in COVID-19 cases&nbsp;in China.</p>

<p><strong>Also Read |&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-how-is-elon-musk-connected-to-the-johnny-depp--amber-heard-defamation-case-472374">How is Elon Musk connected to the Johnny Depp- Amber Heard defamation case?</a></strong></p>

<p>But after the local authorities decided to ease some of the restrictions, a measured restarting of production has begun.</p>

<p>(With inputs from agencies)</p>


Tesla CEO Elon Musk has announced that the company plans to roll out robotaxi with no steering wheel or pedals by 2024. The announcement came after the world's largest electric-vehicle maker recorded a strong net profit of US $3.

Tesla CEO Elon Musk has announced that the company plans to roll out robotaxi with no steering wheel or pedals by 2024. The announcement came after the world's largest electric-vehicle maker recorded a strong net profit of US $3.3 billion in the March quarter. Quarterly revenue stood at $18.8 billion, beating estimates for $17.9 billion, and up 81 per cent year-on-year. Earnings per share came in at $2.86, compared with expectations for $2.27, and adjusted earnings per share were $3.22. The autonomous rideshare service will cost as much as a subsidised subway ticket, Musk said. Though it remains to be seen how cheap can he sell the robotaxi, considering that Tesla is known for selling expensive electric cars. “It's fundamentally optimised for trying to achieve the lowest fully considered cost per mile, cost per kilometre, accounting everything," The Business Insider quoted Musk as saying. "I think that really will be a massive driver of Tesla's growth." Musk said that Tesla Robotaxi will also contain a “number of other innovations” though he did not elaborate how innovative it would be. Musk first mentioned about the robotaxi earlier this month at Tesla’s Austin gigafactory opening, where he outlined a variety of future products including Optimus, Tesla’s humanoid robot concept. The 50-year-old said that these “futuristic products” would mark Tesla’s departure from its passenger car business, which generates the bulk of its profits today. "Optimus ultimately will be worth more than the car business, worth more than FSD," he said. Tesla has been hit by supply-chain issues, with its factories running below capacity for the last several quarters. Also read | Twitter takeover: Elon Musk secures $46.5bn to buy Twitter in hostile bid Tesla's Shanghai Gigafactory, which was responsible for half the company's global production last year, had been impacted by a surge in COVID-19 cases in China. Also Read | How is Elon Musk connected to the Johnny Depp- Amber Heard defamation case? But after the local authorities decided to ease some of the restrictions, a measured restarting of production has begun. (With inputs from agencies)

Elon Musk announces to roll out robotaxi with no wheels or pedals by 2024

<p>Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion.</p>

<p>The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported.</p>

<p>The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine.</p>

<p>The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million.&nbsp;</p>

<p>Musk had earlier sold Boring Company hats and flamethrowers to raise funds.</p>

<p>The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles.</p>

<p>Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out.</p>

<p>The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/technology/elon-musk-tweets-against-woke-netflix-days-after-twitter-takeover-announcement-472362">Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement</a></p>

<p>Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer.</p>

<p>His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/worlds-richest-man-elon-musk-says-he-is-homeless-472174">World’s richest man Elon Musk says he is homeless</a></p>

<p>The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private.</p>

<p><strong>Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-willing-to-invest-15-billion-of-his-money-to-buy-twitter-472314/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p><em>(With inputs from agencies)</em></p>


Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion. The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported. The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine. The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million. Musk had earlier sold Boring Company hats and flamethrowers to raise funds. The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles. Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out. The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp. Also read | Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer. His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public. Also read | World’s richest man Elon Musk says he is homeless The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private. Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter (With inputs from agencies)

Elon Musk’s Boring Company’s valuation up to $5.7 billion after latest funding round

<p>Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions</p>

<p>The world`s most valuable automaker said revenue was $18.8 billion in the first quarter ended March 31, versus estimates of $17.8 billion, according to IBES data from Refinitiv. This is up 81% from a year earlier</p>

<p>Since the outbreak of the pandemic, Tesla has been posting record deliveries and earnings for several quarters when its competitors across the world were grappling with supply chain issues.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/technology/elon-musk-tweets-against-woke-netflix-days-after-twitter-takeover-announcement-472362">Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement</a></strong></p>

<p>"Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022," Tesla said in a statement.</p>

<p>Shares of Tesla rose 4% after the close of regular trading.</p>

<p>Shortages of chips and recent outbreaks of Covid have had effect on its supply chain and factory operations, said Tesla.</p>

<p>Tesla raised its prices in China, the United States and other countries, after CEO Elon Musk said in March the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics amid the crisis in Ukraine.</p>

<p>Elon Musk sent the social media in a tizzy when he offered to buy tech giant Twitter last week. This sent shockwaves in the business world but also sparked concerns that Musk was getting distracted from the electric carmaker at a time when it is ramping up production at new factories in Berlin and Texas</p>

<p><em>(With inputs from agencies)</em></p>


Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions The world`s most valuable automaker said revenue was $18.

Elon Musk, chief executive of Tesla is in line to receive a bonus of USD 23 billion. The billionaire is set to get the bonus after the electric car company exceeded quarterly profit and revenue predictions The world`s most valuable automaker said revenue was $18.8 billion in the first quarter ended March 31, versus estimates of $17.8 billion, according to IBES data from Refinitiv. This is up 81% from a year earlier Since the outbreak of the pandemic, Tesla has been posting record deliveries and earnings for several quarters when its competitors across the world were grappling with supply chain issues. Also Read | Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement "Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022," Tesla said in a statement. Shares of Tesla rose 4% after the close of regular trading. Shortages of chips and recent outbreaks of Covid have had effect on its supply chain and factory operations, said Tesla. Tesla raised its prices in China, the United States and other countries, after CEO Elon Musk said in March the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics amid the crisis in Ukraine. Elon Musk sent the social media in a tizzy when he offered to buy tech giant Twitter last week. This sent shockwaves in the business world but also sparked concerns that Musk was getting distracted from the electric carmaker at a time when it is ramping up production at new factories in Berlin and Texas (With inputs from agencies)

Elon Musk may get USD 23 billion bonus as Tesla reports strong performance

<p data-changed="false" data-paragraphid="3">Scientists in Australia are testing printed solar panels that they will use to power a Tesla on a 15,100-km (9,400-mile) journey beginning in September, which they hope will get the public thinking about steps to help avert climate change.</p>

<p data-changed="false" data-paragraphid="6">The Charge Around Australia project will power a Tesla electric car with 18 of the team's printed plastic solar panels, each 18 metres (59 feet) long, rolling them out beside the vehicle to soak up sunlight when it needs a charge.</p>

<p data-changed="false" data-paragraphid="7">Paul Dastoor, the inventor of the printed solar panels, said the University of Newcastle team would be testing not only the endurance of the panels but their potential performance for other applications.</p>

<p data-changed="false" data-paragraphid="8">"This is actually an ideal test bed to give us information about how we would go about using and powering technology in other remote locations, for example, in space," Dastoor told Reuters in the town of Gosforth, north of Sydney.</p>

<p data-changed="false" data-paragraphid="9">Printed solar is a lightweight, laminated PET plastic that can be made at a cost of less than $10 a square metre.</p>

<p data-changed="false" data-paragraphid="10">The panels are made on a commercial printer originally used for printing wine labels.</p>

<p data-changed="false" data-paragraphid="11">Dastoor said using the panels to power a car would get Australians to think more about electric vehicles and could help ease their "range anxiety".</p>

<p data-changed="false" data-paragraphid="12">"(The) community is seeking these sorts of answers to the problems it's being presented with, day in, day out, around climate change," he said.</p>

<p data-changed="false" data-paragraphid="13">On their 84-day Tesla journey, the team plans to visit about 70 schools to give students a taste of what the future may hold.</p>

<p data-changed="false" data-paragraphid="14">Asked what Elon Musk, creator of the Tesla car and founder of Tesla Inc, might say about the CAA project, Dastoor said he hoped he would be pleased.</p>

<p data-changed="false" data-paragraphid="15">CAA was "showing how our innovative technology is now combining with his developments to develop new solutions for the planet", Dastoor said.</p>


Scientists in Australia are testing printed solar panels that they will use to power a Tesla on a 15,100-km (9,400-mile) journey beginning in September, which they hope will get the public thinking about steps to help avert climate change.

Scientists in Australia are testing printed solar panels that they will use to power a Tesla on a 15,100-km (9,400-mile) journey beginning in September, which they hope will get the public thinking about steps to help avert climate change. The Charge Around Australia project will power a Tesla electric car with 18 of the team's printed plastic solar panels, each 18 metres (59 feet) long, rolling them out beside the vehicle to soak up sunlight when it needs a charge. Paul Dastoor, the inventor of the printed solar panels, said the University of Newcastle team would be testing not only the endurance of the panels but their potential performance for other applications. "This is actually an ideal test bed to give us information about how we would go about using and powering technology in other remote locations, for example, in space," Dastoor told Reuters in the town of Gosforth, north of Sydney. Printed solar is a lightweight, laminated PET plastic that can be made at a cost of less than $10 a square metre. The panels are made on a commercial printer originally used for printing wine labels. Dastoor said using the panels to power a car would get Australians to think more about electric vehicles and could help ease their "range anxiety". "(The) community is seeking these sorts of answers to the problems it's being presented with, day in, day out, around climate change," he said. On their 84-day Tesla journey, the team plans to visit about 70 schools to give students a taste of what the future may hold. Asked what Elon Musk, creator of the Tesla car and founder of Tesla Inc, might say about the CAA project, Dastoor said he hoped he would be pleased. CAA was "showing how our innovative technology is now combining with his developments to develop new solutions for the planet", Dastoor said.

Australian scientists to power Tesla on 15,000-km trip with printed solar panels

Australian scientists have embarked on an ambitious project to test printed solar panels with Tesla cars in a bid to tackle climate change.

The charge around Australia project to test printed solar panels with Tesla

Elon Musk has targeted the Twitter board over the 'poison bill' and threatened to cut salaries. Tesla's CEO holds a 9% stake in the company and said Board's salary will be $0 if my bid succeeds.

Elon Musk's takeover warfare: Tesla CEO threatens to cut salaries

<p>Tesla CEO Elon Musk, who is the richest person in the world, has said that he sleeps at his friend’s spare bedrooms as he does not own a house.</p>

<p>In an interview with the head of TED, Chris Anderson, Musk revealed that he stays with friends around San Francisco’s Bay Area, near the Tesla headquarters, when working in the city.</p>

<p>“I don’t even own a place right now, I’m literally staying at friends’ places,” said 50-year-old Musk, according to the New York Post.</p>

<p>“If I travel to the Bay Area, which is where most of&nbsp;Tesla’s engineering is, I basically rotate through friends’ spare bedrooms.”</p>

<p>The Space X founder, who recently attempted a hostile takeover of Twitter with a $43 billion offer, added that he does not indulge in splurging his wealth for personal consumption.</p>

<p>&nbsp;“For sure, it would be very problematic if I was spending billions of dollars a year in personal consumption, but that is not the case.”</p>

<p>But the billionaire did reveal the one thing he likes to spend his money on.</p>

<p>"It's not as though my personal consumption is high, with the one exception being the plane. If I don't use the plane then I have less hours to work," he added.</p>

<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/elon-musk-looks-to-solidify-relationship-with-twitter-offers-to-buy-for-4139-billion-470976">Elon Musk looks to 'solidify relationship' with Twitter, offers to buy for $41.39 billion</a></p>

<p>In June last year,&nbsp;Musk tweeted&nbsp;that his primary residence is a rental from SpaceX, worth $50,000, which near the company’s Texas location.</p>

<p>In the tweet, also admitted to owning an “events house” in the Bay Area.</p>

<p><strong>Also read |&nbsp;</strong>&nbsp;<a href="https://www.wionews.com/photos/wion-explains-the-elon-musk-controversy-and-the-current-top-shareholders-of-twitter-471576">WION explains: The Elon Musk controversy and the current top shareholders of Twitter</a></p>

<p>In May 2020, Musk famously tweeted, “I am selling almost all physical possessions. Will own no house.”</p>

<p><strong>Watch |&nbsp;Elon Musk: The billionaire king of controversy&nbsp;</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-the-billionaire-king-of-controversy-471370/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p><em>(With inputs from agencies)</em></p>


Tesla CEO Elon Musk, who is the richest person in the world, has said that he sleeps at his friend’s spare bedrooms as he does not own a house. In an interview with the head of TED, Chris Anderson, Musk revealed that he stays with friends around San Francisco’s Bay Area, near the Tesla headquarters, when working in the city.

Tesla CEO Elon Musk, who is the richest person in the world, has said that he sleeps at his friend’s spare bedrooms as he does not own a house. In an interview with the head of TED, Chris Anderson, Musk revealed that he stays with friends around San Francisco’s Bay Area, near the Tesla headquarters, when working in the city. “I don’t even own a place right now, I’m literally staying at friends’ places,” said 50-year-old Musk, according to the New York Post. “If I travel to the Bay Area, which is where most of Tesla’s engineering is, I basically rotate through friends’ spare bedrooms.” The Space X founder, who recently attempted a hostile takeover of Twitter with a $43 billion offer, added that he does not indulge in splurging his wealth for personal consumption. “For sure, it would be very problematic if I was spending billions of dollars a year in personal consumption, but that is not the case.” But the billionaire did reveal the one thing he likes to spend his money on. "It's not as though my personal consumption is high, with the one exception being the plane. If I don't use the plane then I have less hours to work," he added. Also read | Elon Musk looks to 'solidify relationship' with Twitter, offers to buy for $41.39 billion In June last year, Musk tweeted that his primary residence is a rental from SpaceX, worth $50,000, which near the company’s Texas location. In the tweet, also admitted to owning an “events house” in the Bay Area. Also read | WION explains: The Elon Musk controversy and the current top shareholders of Twitter In May 2020, Musk famously tweeted, “I am selling almost all physical possessions. Will own no house.” Watch | Elon Musk: The billionaire king of controversy (With inputs from agencies)

World’s richest man Elon Musk says he is homeless

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