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Musk agrees to testify in SEC's Twitter probe

Elon Musk has agreed to testify before the Securities and Exchange Commission (SEC) in its investigation into his 2022 acquisition of Twitter, now known as X, after a months-long legal battle. According to reports on Thursday, the billionaire tech mogul is scheduled to sit for a deposition for up to five hours in one of […]

Biden camp: Billionaires like Musk view Trump as 'a sucker'

President Biden’s reelection campaign argued Thursday that billionaires see former President Trump as a convenient “sucker” who can cut their taxes. The Biden campaign has disputed a Wall Street Journal report that Tesla CEO Elon Musk could become a White House adviser as a way to offer “formal input” on the economy and border policy […]

Musk could get advisory role if Trump wins White House, WSJ reports

Elon Musk is reportedly in line to take on an advisory role in the White House if former President Donald Trump, the presumptive Republican nominee, wins the general election in November. The Wall Street Journal. The Wall Street Journal reported on Wednesday, citing people familiar with the conversation, that the Tesla CEO and the former […]

Elon Musk urges Tesla shareholders to vote on pay with special offer

Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Tesla CEO Elon Musk Tesla is encouraging shareholders to vote their shares by offering them the chance to win a private guided tour of the company’s Texas factory, as the company’s board of directors asks shareholders to […]

Musk raises $6 billion for xAI to challenge OpenAI

Elon Musk’s artificial intelligence company xAI has raised $6 billion from a group of investors to fund the expansion of its technology. The company website The company announced on Sunday that the “Series B funding” will be used to bring its first product to market, build out its infrastructure, and research future technologies. “xAI will […]

Elon Musk expects AI will replace all human jobs,  lead to ‘universal high income’

Billionaire entrepreneur Elon Musk reiterated his belief this week that artificial intelligence will eventually eliminate the need for human labor, offering a vision for what the future might hold as technology continues to advance rapidly. During a remote appearance at the Viva technology conference in Paris on Thursday, Musk was asked whether he was worried […]

Musk Opposes Tariffs on Chinese EVs

Elon Musk, CEO of Tesla, an EV company with deep ties to Communist China, spoke out against the recently announced 100% tariffs on Chinese-made electric vehicles at the VivaTech conference this week. CNBC Reports Elon Musk clarified that neither he nor his company, Tesla, asked for the tariffs imposed by the Chinese Communist Party. “I […]

Media Matters Lays Off Dozens Of Employees Following Lawsuit Filed By Elon Musk

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings, speaks at the Milken Institute Global Conference at the Beverly Hilton Hotel in Beverly Hills, California, May 6, 2024. (Photo by Apu Gomez/Getty Images) OAN NewsroomFriday, May 24, 2024 4:58 PM Media issues Tesla has laid off dozens of employees following a lawsuit […]