Latest in Elon Musk sells X to his own xAI for $33 billion in all stock deal
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Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on FridayABC News - 5d -
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on FridayABC News - 5d -
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.CNBC - 3d -
Elon Musk Says He Has Sold X to His A.I. Start-Up xAI
The deal combined two of Mr. Musk’s companies, which have been on different trajectories. The transaction valued xAI at $80 billion and X at $33 billion, the billionaire said.The New York Times - 5d -
Musk’s xAI Buys Social Media Platform X for $45 Billion
Elon Musk said on X that ‘xAI and X’s futures are intertwined.’ He bought Twitter for $44 billion in 2022.Inc. - 5d -
Elon Musk’s xAI Acquires X, Because of Course
Social platform X struggled after Elon Musk took over, but its fortunes improved dramatically after US President Donald Trump won reelection. Now it will be become part of Musk's AI startup xAI.Wired - 5d -
Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock
Tesla CEO Elon Musk said Sunday that his involvement in the Trump administration could be hurting the automaker’s stock price.NBC News - 2d -
Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock
Shares of Tesla entered Monday down more than 34% year to date, and the stock has been cut nearly in half from its peak in December.CNBC - 2d -
Trump Media filing opens door for president to sell $2B in stock
Trump's social media company filed paperwork with the Securities and Exchange commission that could allow the president's trust to sell more than $2 billion of shares.ABC News - 13h -
Musk’s merger suffers from serious grade inflation
The huge valuations ascribed to X and xAI have raised eyebrowsFinancial Times - 2d -
Startup Founder Claims Elon Musk Is Stealing the Name ‘Grok’
Elon Musk said he borrowed the name from a 1960s science fiction novel, but another AI startup applied to trademark it before xAI launched its chatbot.Wired - 2d -
Elon Musk says he sent MAGA influencer Ashley St. Clair $2.5 million, open to paternity test
Tech billionaire Elon Musk and conservative influencer Ashley St. Clair publicly feuded on X on Monday after she accused the world’s richest man of withdrawing childcare support and refusing to ...The Hill - 2d -
Trump privately indicates Elon Musk to step back from role as his term ends: Sources
President Donald Trump indicated to top advisers that Elon Musk could be taking a step back from his current role, sources familiar with the matter told ABC News.ABC News - 3h -
Elon Musk rallies support for DOGE at Wisconsin campaign event
Elon Musk began and ended his town hall in Green Bay, Wisconsin, on Sunday by urging attendees to back conservative Brad Schimel in the state's high-stakes Supreme Court election Tuesday.NBC News - 2d -
Elon Musk Has a Chef for His Tesla Diner
Eric Greenspan, a developer of delivery-only restaurants, is reported to be the choice as the company faces political blowback.The New York Times - 5d -
Trump told Cabinet members Elon Musk would be leaving government role soon
President Trump has told his Cabinet that Elon Musk would be leaving his government role in the coming months, according to a senior White House official.NBC News - 8h -
Tesla shares rise on report Elon Musk could be leaving DOGE post soon
Tesla shares rose after Politico reported that CEO Elon Musk could leave his post at the so-called Department of Government Efficiency.CNBC - 6h -
Musk downplays Wisconsin results, saying he 'expected to lose'
Elon Musk downplayed the results in the Wisconsin Supreme Court race, saying in a post early Wednesday that he had “expected to lose.” Musk was responding to a user on the social platform X ...The Hill - 12h -
Eight Watch Brands Now Sell $1 Billion a Year
There now are eight brands selling more than $1 billion each year. Experts say it means big brands are getting bigger and their products are getting pricier.The New York Times - 2d -
Trump told Cabinet members Elon Musk will leave his government role in the coming months
Musk’s tenure as a special government employee overseeing DOGE is set to end after 130 days.NBC News - 15h -
For Trump, Elon Musk Is a Liability, but Still Useful for Now
Elon Musk has become a valuable heat shield for a president who avoids blame at any cost.The New York Times - 2h -
Democrats' win in Wisconsin court race also is a big loss for Elon Musk
The Democrats' victory in the Wisconsin Supreme Court race is a big loss for Elon MuskABC News - 15h -
Musk on Tesla vehicle attacks: 'That's somebody else's car'
Elon Musk has denounced the anti-Tesla vandalism that has been sparked by his role in President Trump's administration and the Department of Government Efficiency, stating that it is "insane" and ...The Hill - 2d -
N.Y. Lawmakers Fight Trump With a Proposal Targeting Elon Musk
A bill would authorize an audit of a state deal allowing Tesla to lease a factory site near Buffalo for $1 a year, and would create a way for the state to claw back subsidies.The New York Times - 19h -
Trump Media shares drop after warning the president's trust and other insiders could sell stock
Insiders and major stakeholders, including the Donald J. Trump Revocable Trust, can sell stock "from time to time," the company disclosed in a filing.CNBC - 6h -
NYSE’s Texas platform debuts with Trump’s social media stock
Shares of the president’s company fell on the state’s market amid a broad sell-off fuelled by his trade agendaFinancial Times - 2d -
Trump says he expects Musk to eventually return to running companies
President Trump on Monday said he expects Elon Musk will eventually return to running his companies after his work overhauling the federal government. A reporter noted that Musk, the CEO of Tesla ...The Hill - 2d -
Inside Maye Musk’s Cozy Relationship With China
As Elon Musk continues to expand his political power in the US, his mother has repeatedly traveled to China to speak at events, model for Chinese brands, and promote Tesla.Wired - 6d -
Everybody hates Elon. But why?
Do you hate Elon Musk? If you do, you're certainly not alone.The Hill - 2d -
Musk Gives $1 Million Checks to Voters Amid Wisconsin Court Race
Elon Musk campaigned on Sunday in Green Bay for a state Supreme Court candidate he has spent lavishly to support — but who did not attend his event.The New York Times - 2d -
Musk’s Doge to fire all local workers and US diplomats from USAID, sources say
Unofficial Trump adviser’s cost-cutting team to finalize shuttering the foreign aid agency on which millions depend. US politics live – latest updates Elon Musk ’s cost-cutting team is ...The Guardian - 1d -
SEC continuing $150 million lawsuit against Elon Musk
The Securities and Exchange Commission is continuing its $150 million lawsuit against Elon Musk that was brought during the Biden administration.ABC News - 2d -
Democratic-backed judge wins Wisconsin race in setback for Elon Musk
Elon Musk was a prominent fundraiser in the campaign, and was the subject of attack ads aired by Crawford's supporters.BBC News - 14h -
Elon Musk Made an Election About Him and Wisconsin Said, ‘No, Thanks’
Republicans would be wise to seize the moment while this failure is raw to remind Trump what a political loser his buddy is turning out to be.The New York Times - 13h -
What Will Elon Musk Learn From the Wisconsin Supreme Court Election?
After a failed $20 million effort to tilt a State Supreme Court race, Elon Musk joins the ranks of billionaires frustrated by the laws of politics.The New York Times - 4h -
Musk-funded group spends big in Wisconsin Supreme Court race
Elon Musk and his political operatives have tried to shape the closely watched Wisconsin Supreme Court race in ways that are not immediately obvious but could be critical to Tuesday’s outcomeABC News - 2d