Elon Musk

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SpaceX Loaned Elon Musk $1B Around the Time He Bought Twitter

Though it's not clear what the loan was for

(Newser) - In October, the same month Elon Musk was acquiring Twitter, he took out what the Wall Street Journal describes as an "unusual" $1 billion loan from SpaceX. The following month, he paid it back in full, plus interest. It's not clear what the loan was for, and Musk...

Elon Musk: Anti-Defamation League Cost X $22B

He says the site formerly known as Twitter might sue the ADL

(Newser) - In an apparently unprompted tweet Monday, Elon Musk blamed the Anti-Defamation League for costing X, the social networking site formerly known as Twitter, $22 billion. One of the tweets , all of which came "seemingly out of the blue" according to NBC News , read, "To clear our platform's...

Report: Feds Are Investigating Tesla's Secret 'Project 42'

Sources tell 'Wall Street Journal' that project was described as a glass house for Elon Musk

(Newser) - Federal prosecutors in New York and the Securities and Exchange Commission are looking into a secret Tesla project known internally as "Project 42," sources tell the Wall Street Journal . The Journal reported last month that the project was described internally as a glass-walled house for CEO Elon Musk...

There Is Little Precedent for Elon Musk's World Sway

Ronan Farrow suggests in 'New Yorker' that he has what amounts to 'shadow rule' in US government

(Newser) - "The meddling of oligarchs and other monied interests in the fate of nations is not new," observes Ronan Farrow in the New Yorker . But Elon Musk is in a league of his own, he adds. Farrow's deep dive into Musk's life and career begins with a...

US Sues SpaceX, Which Elon Musk Says Is 'Insane'

Department of Justice alleges hiring discrimination

(Newser) - The US Department of Justice on Thursday sued SpaceX, the rocket company founded and run by Elon Musk, for alleged hiring discrimination against refugees and people granted asylum, the AP reports. The complaint, filed in an administrative court within the department, asserts that SpaceX wrongly claimed that federal export control...

Zuckerberg on Musk Cage Fight: 'Time to Move On'

Says Twitter CEO isn't taking it seriously

(Newser) - Mark Zuckerberg used his own "Twitter killer," Threads, to taunt Elon Musk while also apparently putting the idea of a cage fight between him and Musk to rest. "I think we can all agree Elon isn't serious and it's time to move on," the...

Elon Musk: I May Need Surgery Before Cage Fight Against Zuck

Yes, this drama is continuing

(Newser) - Following Mark Zuckerberg calling out Elon Musk for failing to commit to a date for their proposed cage fight, Musk tweeted Sunday night explaining why the date is "still in flux," the AP reports. "I'm getting an MRI of my neck & upper back tomorrow,"...

Musk: X Will Pay Legal Tab for People Fired Over Posts

CEO promises to go after employers' boards of directors, too

(Newser) - Elon Musk has told X users that if they're fired over something they did on his site, the billionaire has their back—and he's not just talking about moral support. The CEO of what used to be called Twitter tweeted late Saturday night that he'll pick up...

Kanye West Suspended From Twitter Again
Kanye West's
Twitter Suspension Is Over
UPDATED

Kanye West's Twitter Suspension Is Over

The rapper has yet to post anything new though

(Newser) - Nearly eight months after last being banned from Twitter-now-X, Kanye West's account is back. The BBC reports the rapper's account still shows a most recent post of Dec. 1, 2022. Ye was suspended the following day after a series of tweets including one depicting a Star of David...

Reuters Accuses Tesla of Battery Range Manipulation
Reuters Accuses Tesla of
Battery Range Manipulation
investigation

Reuters Accuses Tesla of Battery Range Manipulation

Report alleges 'Diversion Team' was formed to deal with battery range complaints

(Newser) - A lengthy investigation by Reuters alleges that Tesla's batteries haven't always had the range the company touts—and that the company in 2022 put together a special team whose job was to try to convince drivers seeking service on their batteries to cancel those appointments. Neither Tesla nor...

Musk Takes X Handle From Longtime Twitter User

With no compensation other than swag and a tour of the company headquarters

(Newser) - Gene X. Hwang registered the @x handle on Twitter more than 16 years ago. As of Tuesday night, though, it's no longer his: The old @twitter handle is now @x, thanks to Elon Musk's attempt to rebrand Twitter as X, and Hwang tells Mashable no one at the...

Twitter May Have a Problem With Its Shiny New Logo

Trademark infringement questions arise over news that Meta, Microsoft also have 'X' registered

(Newser) - "X" may not mark the spot after all for Elon Musk in his attempted rebrand of Twitter. Although Musk has officially unveiled the 24th letter of the alphabet as his social media site's new name and identity, Insider reports that rival Meta appears to own the trademark for...

&#39;Today We Say Goodbye to This Great Blue Bird&#39;
Twitter's Switch to X
Called 'Brand Suicide'
THE RUNDOWN

Twitter's Switch to X Called 'Brand Suicide'

Designer says goodbye to iconic logo

(Newser) - Twitter is getting rid of its bird logo as part of its rebrand to X, and designer Martin Grasser is saying a fond farewell. "Today we say goodbye to this great blue bird," Grasser tweeted Monday, describing how he created the logo with co-designers Angy Che and Todd...

Twitter Ditches Iconic Bird, Begins Rebrand to 'X'

Elon Musk's new X logo for the company is already showing up

(Newser) - He wasn't joking : Elon Musk has replaced Twitter's iconic bird logo with the letter X, reports TechCrunch . But it's no mere cosmetic change: Twitter itself has begun rebranding to be known as X, per the Washington Post . "X.com now points to twitter.com," Musk...

Elon Musk: We're Ditching Twitter's Bird Logo

He says he wants an X theme

(Newser) - Twitter's bird logo is known the world over, but its days appear to be numbered. Elon Musk tweeted overnight that he intends to ditch the bird for some kind of X-themed logo, reports CNN . "And soon we shall bid adieu to the twitter brand and, gradually, all the...

Accused of 'Unrelenting' Greed, Tesla Board Relents

12 directors, including Elon Musk's brother, will return a total of $735M

(Newser) - It pays to be on the board of Tesla, but one shareholder has successfully made the case that it paid way too much. The company's 12 directors have agreed to settle a lawsuit by returning $735 million to the company, reports Quartz . It's one of the largest shareholder...

Musk: Twitter's Cash Flow Is Negative Over Lost Ads

He cites a 50% drop in advertising

(Newser) - Elon Musk says Twitter is still losing cash because advertising has dropped by half, per the AP . In a reply to a tweet offering business advice on Saturday, Musk wrote , "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load....

Musk Forms New Company to 'Understand Reality'

Creation of xAI follows criticism of OpenAI

(Newser) - Elon Musk has brought xAI into the world—and that's the name of a new company, not a new child. Musk announced the formation of the artificial intelligence company Wednesday, though it's not entirely clear what its objectives are, the BBC reports. Musk tweeted that it had been...

Musk Issues NSFW Challenge as Threads Hits 100M Signups

'Someone, please, make it stop' is the plea of one writer

(Newser) - Mark Zuckerberg's Twitter rival Threads had a strong weekend, with the Verge reporting that the platform has now surpassed 100 million signups. At the same time, Twitter's own traffic is "sinking," according to the head of internet services company Cloudfare, notes the Guardian . Cloudfare's Matthew...

Reward for the Super Rich: $14M a Day

That's how much the billionaires on Bloomberg's richest list made in the first half of the year

(Newser) - The stock market had a strong first half of the year, with the benchmark S&P rising 16% and the tech-heavy Nasdaq up an even stronger 39%. All of which translates into some hard-to-fathom profits for the richest of the rich. According to Bloomberg , the 500 people on its Billionaires...

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