Elon Musk’s electric vehicle company beat expectations on both the top and bottom lines, and passed $1 billion in quarterly net income for the first time. The company reported a $23 million impairment related to bitcoin. Tesla reported second-quarter earnings after the
Speaking at The B Word, a conference about bitcoin, Musk said that Tesla could play a role in helping the bitcoin industry transition to clean energy, then got wistful about his struggles with Tesla. In a Twitter exchange with fans
WILMINGTON, Del. — Tesla CEO Elon Musk wrapped up his testimony before the Delaware Court of Chancery on Tuesday afternoon, after spending around 9 hours defending his company’s 2016 acquisition of SolarCity for $2.6 billion. Shareholders sued Musk, alleging that Tesla’s acquisition
The SpaceX chief has put down a $10,000 deposit. Virgin Galactic’s VSS Unity vehicle powers its way to suborbital space on July 11, 2021. (Image credit: Virgin Galactic) SpaceX founder and CEO Elon Musk has booked a ride to suborbital space with Virgin
Tesla CEO Elon Musk is expected in court on Monday to defend his role in Tesla’s $2.6 billion acquisition of SolarCity in 2016. Shareholders have sued Musk alleging that the deal amounted to a SolarCity bailout that enriched Musk and his
SpaceX CEO Elon Musk sparred on Twitter with Tory Bruno, the CEO of Boeing and Lockheed Martin’s rocket-building joint venture United Launch Alliance. At the core of the dispute is Musk’s view that ULA receives heavy government support – a
New York (CNN Business)SpaceX has put more than 1,500 internet-beaming satellites into orbit, signed up more than 69,000 customers, installed ground stations in 12 countries and has plans to expand its one-of-a-kind network’s coverage all over the world — except
KEY POINTS Elon Musk on Tuesday said SpaceX’s satellite internet network Starlink “recently” passed near 70,000 active users. “We are on our way to having a few hundred thousand users, possibly over 500,000 users within 12 months,” Musk said. Starlink
Tesla and SpaceX CEO Elon Musk said he will only publicly list satellite broadband service Starlink when its cash flow is more predictable. Starlink, which is currently operated by space exploration firm SpaceX, allows people to connect to the internet
Several of the richest Americans have paid zero income tax in some years, according to an investigative report published Tuesday that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and companies. The bombshell report, by