Elon Musk

Big Short’ investor: Musk wants to sell Tesla stock over falling shares

That’s the contention of Michael Burry — the investor made famous in “The Big Short” for his financial crisis housing bets. In a now-deleted tweet, he suggested Musk is selling Tesla shares to cash out of his position as the stock plummets

Tesla boss sells $1.1bn of shares in carmaker

It comes days after he asked his 63 million Twitter followers whether he should sell 10% of his stake in Tesla.

The company's shares fell by around 16% in the two days after the poll came out in favour of him selling shares, before regaining some ground on Wednesday.

Tesla is the world's most valuable carmaker, with a stock market valuation of more than $1tn.

Mr Musk sold more than 930,000 shares in the company, about 0.5% of his stake, according to filings with the US stock market regulator.

Elon Musk becomes world's richest person as wealth tops $185bn

The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla's share price increased on Thursday.

He takes the top spot from Amazon founder Jeff Bezos, who had held it since 2017.

Musk's electric car company Tesla has surged in value this year, and hit a market value of $700bn (NZ$964bn) for the first time on Wednesday.

That makes the car company worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined.

Musk reacted to the news in signature style, replying to a Twitter user sharing the news with the remark "how strange".

Tesla's Elon Musk expects 'robotaxis' to start in US next year

The entrepreneur made the pledge as he announced an improved microchip for its driverless vehicles.

Mr Musk told investors he expected regulators to approve ride-hailing in some areas for autonomous vehicles.

He added: "I feel very confident in predicting autonomous robotaxis next year."

Mr Musk said he expected the scheme to operate on a model similar to that of Uber or Airbnb.

The company unveiled computer hardware for what it said was "full self-driving" capabilities in the form of the new microchip.

A first look at Elon Musk's next grand idea

During a speech at a TED Talks conference, Musk -- the Tesla (TSLA) and SpaceX CEO -- unveiled what he hopes to accomplish with his latest venture, The Boring Company.

I'm Trump's voice of reason

I’ve written at length about President Trump’s relationship with the technology heartland.

On the one side, you have the likes of Paypal founder and major investor Peter Thiel, who is now very much part of Trump’s inner circle.

On the other, you have tech bigwigs like Apple’s Tim Cook and Alphabet’s Larry Page, who were cooperative but mostly quiet when honouring the then President-Elect’s invite to meet him at Trump Tower last year.

SpaceX says 2-foot strut snapped, brought down rocket

The company's founder and chief executive, Elon Musk, said Monday that these struts had flown many times before without any problem. But two minutes into the June 28 launch, one of the struts in the second stage of the unmanned Falcon 9 rocket likely broke loose. The strut was holding down a helium bottle in the liquid oxygen tank.

Musk says if the strut snapped as engineers believe, the helium bottle would have shot to the top of the tank at high speed, dooming the rocket and its Dragon supply ship for the International Space Station.

SpaceX close to figuring out rocket failure during launch

The unmanned Falcon 9 rocket carrying cargo for the International Space Station had just lifted off on June 28 when the accident occurred.

Speaking Tuesday at a conference in Boston, SpaceX founder Elon Musk said the trouble appeared to be in the upper stage, with an over-pressurization of the liquid oxygen tank. Nevertheless, the California-based company is putting ttogether what he calls a "super-detailed" timeline, millisecond by millisecond.