elon musk

Elon Musk Says He’s Moving X and SpaceX Headquarters to Texas

Elon Musk Says He’s Moving X and SpaceX Headquarters to Texas

Elon Musk said he is moving more of his business empire to Texas. Musk-run X and SpaceX will shift their corporate headquarters to the Lone Star State from California, he wrote in a series of posts on X on Tuesday. He didn’t provide a timeline for the move, but he was clear about his rationale.“This is the final straw,” Musk commented on a post about a new California law protecting the privacy of transgender children. “Because of this law and the many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California,…
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Elon Musk confirms the Tesla Robotaxi event has been delayed to October

Elon Musk confirms the Tesla Robotaxi event has been delayed to October

Elon Musk confirmed on Monday that Tesla’s robotaxi event scheduled for August has been delayed to October. The CEO replied on X (the former Twitter, which he owns) to a user’s post that he “requested what I think is an important design change to the front, and extra time allows us to show off a few other things.”Musk’s X post appears to echo what Bloomberg reported last week. The publication claimed on July 11 that delaying the event would give Tesla more time to build additional prototypes. It added that the company had communicated the delay internally and that the…
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The EU Is Coming for X’s Paid Blue Checks

The EU Is Coming for X’s Paid Blue Checks

Paid-for blue checks on social media network X deceive users and are abused by malicious actors, the European Union said today, threatening the Elon Musk–owned platform with millions of dollars in fines unless the company makes changes.Enabling any account to pay for a verification breaches the EU’s Digital Services Act (DSA), European Commission officials said on Friday, because it “negatively affects users’ ability to make free and informed decisions about the authenticity of the accounts.” X now has a chance to respond to the findings. If Musk cannot reach a resolution with the EU, the company faces fines of up…
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Elon Musk escapes paying $500 million to former Twitter employees

Elon Musk escapes paying $500 million to former Twitter employees

The social media platform formerly known as Twitter has been at the center of from the very beginning of Elon Musk's takeover. One such suit relates to the more than 6,000 employees laid off by Musk following his acquisition of the company – and his alleged failure to pay them their full severance. Yesterday, Musk notched over his former employees.The case in question is a class-action filed by former Twitter employee Courtney McMillian. The complaint argued that under the federal Employee Retirement Income Security Act (ERISA), the Twitter Severance Plan owed laid off workers three months of pay. They received…
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Tesla’s Cybertruck has been recalled again

Tesla’s Cybertruck has been recalled again

Tesla’s Cybertruck is being recalled yet again, . The company issued a physical recall that could impact nearly 12,000 owners of the .Here’s how it breaks down. The company’s recalling 11,688 Cybertrucks due to a faulty windshield wiper that could significantly reduce visibility while driving. It’s also recalling 11,383 electric pickups because of trim in the bed that could come loose and create a road hazard for other people on the road. Tesla said that it’s “not aware of any injuries or deaths” related to either issue, .The NHTSA's indicates that Tesla will replace the wiper motor once the owner…
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Deepfakes of Elon Musk are pushing crypto giveaway scams on YouTube Live

Deepfakes of Elon Musk are pushing crypto giveaway scams on YouTube Live

A YouTube Live broadcast that ran for five hours today used a deepfake of Elon Musk to push a cryptocurrency scam, in the latest of a series of similar bogus streams. The video, which has has since been taken down, showed a clip of Musk that was meant to look like a livestream from a Tesla event, with an AI-generated version of his voice instructing viewers to visit a website and deposit their bitcoin, Ethereum or Dogecoin in order to participate in a giveaway. The message, playing on a loop, promised the system would then “automatically send back double the…
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Elon Musk sued for alleged sexual harassment and retaliation by former SpaceX engineers

Elon Musk sued for alleged sexual harassment and retaliation by former SpaceX engineers

Eight former SpaceX engineers filed a lawsuit against Elon Musk on Wednesday, accusing the CEO of sexual harassment and retaliation. The same group of fired employees have also filed complaints with the US National Labor Relations Board (NLRB) about SpaceX’s alleged retaliation. Bloomberg first reported on the lawsuit.“Musk knowingly and purposefully created an unwelcome hostile work environment based upon his conduct of interjecting into the workplace vile sexual photographs, memes, and commentary that demeaned women and/or the LGBTQ+ community,” the eight former employees wrote in Wednesday’s filing.The former SpaceX engineers said some of them were harassed by other co-workers who…
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Tesla shareholders have approved Elon Musk’s ‘unfathomable’ pay package

Tesla shareholders have approved Elon Musk’s ‘unfathomable’ pay package

Tesla shareholders have again approved Elon Musk’s multi-billion dollar pay package several months after a Delaware court it. During the electric car maker’s annual shareholder meeting, the company's stockholders signed off on a proposal to reinstate Musk’s pay package, currently worth about $48 billion, according to .Judge Kathaleen McCormick of Delaware’s Chancery Court previously called the Tesla CEO’s pay, worth $56 billion when it was first approved in 2018, an "unfathomable sum.” Musk responded by threatening to move the company’s state of incorporation to Texas. During Tesla’s meeting, shareholders officially signed off on the move.The approval of Musk’s compensation doesn’t…
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Tesla Shareholders Approve Elon Musk’s Big Payday

Tesla Shareholders Approve Elon Musk’s Big Payday

Under CEO Elon Musk, Tesla has been credited with revolutionizing the auto industry, jumpstarting the electric revolution, and racking up billions in profit in the process. Now Musk is set for a record payday worth almost $50 billion, after the electric car company’s shareholders approved a compensation plan that had been previously blocked by a federal judge.The preliminary outcome of the vote was announced Thursday afternoon during an annual shareholder meeting at Tesla’s newest auto and battery factory in Austin, Texas.The setting was apropos: Shareholders also approved a measure to move Tesla’s corporate registration away from Delaware and to Texas.…
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The $50 Billion Musk Referendum

The $50 Billion Musk Referendum

The pay package is just one in a series of measures that shareholders have already been asked to vote on by proxy, ahead of Thursday’s meeting. Others include whether Tesla’s incorporation should move from Delaware to Texas, whether the company should soften its hardline stance on labor negotiations, and whether the company should preemptively impose a moratorium on using minerals mined from the seabed.Yet none have been as divisive as Musk’s pay. Deep rifts among investors have been exposed in the lead-up to the vote. Tesla board chair Robyn Denholm has backed the pay package, as has billionaire investor Ron…
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