Elon Musk

Musk’s xAI Holdings is reportedly raising the second-largest private funding round ever

Elon Musk’s xAI Holdings is in talks to raise $20 billion in fresh funding, potentially valuing the AI and social media combo at over $120 billion, according to a new Bloomberg report that says talks are in the “early stages.” If successful, the deal would constitute the the second-largest startup funding round ever, behind only

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Tesla begins ‘FSD Supervised’ ride-hail tests with employees in Austin, Bay Area

Tesla has started testing its autonomous ride-hail service with employees in Austin and the Bay Area ahead of the company’s planned robotaxi launch this summer. “FSD Supervised ride-hailing service is live for an early set of employees in Austin & San Francisco Bay Area,” the company posted Wednesday on X. FSD stands for “Full Self-Driving,”

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Anti-Musk protests are now an official risk to Tesla’s business

Protests against Elon Musk and Tesla have been spreading around the world thanks to the CEO’s involvement in the Trump administration. Now those protests are listed in an official “risk factor” in paperwork Tesla is required to file with federal regulators. The new language, filed with the Securities and Exchange Commission on Wednesday morning, shows

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Elon Musk says he may keep doing DOGE work for ‘the remainder’ of Trump’s term

Tesla CEO Elon Musk says he may keep doing work with the Department of Government Efficiency through the remainder of President Donald Trump’s second term, amid calls for him to step away from politics. Musk said he plans to reduce his role with DOGE to a “day or two” per week starting next month, “or

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Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment

Tesla’s flailing sales figures have put the company closer to the red than it has been in years, according to financial results released Tuesday, threatening one of its biggest advantages over other EV players. The electric automaker reported $409 million in net income on $19.3 billion in revenue after delivering almost 337,000 EVs in the

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The xAI–X merger is a good deal — if you’re betting on Musk’s empire

When Elon Musk announced that his AI startup, xAI, had acquired his social media company, X (formerly known as Twitter), in an all-stock deal, it raised some eyebrows. But in many ways, the deal made sense. xAI’s chatbot, Grok, was already deeply integrated with X, X was floundering financially, and Musk needed a way to

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