Elon Musk - Asia Tech Wire

Elon Musk

2024.12.17

14:06

Morgan Stanley reportedly plans to provide special loans to SpaceX employees

Morgan Stanley stands to benefit as SpaceX's valuation reaches a record high of about $350 billion, pushing Elon Musk's own net worth to new heights. Morgan Stanley has opened a special loan program to SpaceX employees who want to cash out as SpaceX's stock soars but don't want to lose their equity, according to people familiar with the matter. Some of the people said employees need at least $500,000 worth of vested SpaceX stock to participate.

2024.12.11

18:28

Elon Musk: (On SpaceX valuation and stock buybacks) SpaceX has reduced its buybacks to allow new investors to come in.

18:25

Elon Musk: Almost no investor would be willing to sell SpaceX stock at a $350 billion valuation.

14:02

Musk: If Tesla becomes the world's most valuable company, Bill Gates may go bankrupt due to short selling

Tesla CEO Elon Musk posted on X platform that if Tesla's stock price continues to rise to a certain level, all short sellers in the world will be eliminated, even Bill Gates, the former world's richest man. Gates once admitted to Musk that he shorted Tesla's stock. According to Forbes, Gates' current net worth is $108 billion (about 783.649 billion yuan). Tesla's recent stock price surge has made short sellers miserable. Since a month ago, Tesla's stock price has continued to rise and broke through the $400 mark. Tesla's market value has re-crossed the trillion-dollar mark, becoming the world's eighth most valuable company, only $300 million lower than Meta Platforms (META.O), which ranks seventh.

2024.12.07

08:37

Musk donates $259 million to become one of the largest donors in the history of the US presidential campaign

According to CCTV News, on December 6th local time, reporters learned that according to documents released by the U.S. Federal Election Commission on the evening of the 5th, Elon Musk, CEO of Tesla and Space Exploration Technologies Corporation (SpaceX), donated US$259 million to groups supporting Trump's 2024 campaign, becoming one of the largest presidential campaign sponsors in U.S. history.

2024.12.06

14:39

The reform measures of the U.S. "Department of Government Efficiency" can be roughly divided into "two steps"; American entrepreneurs Elon Musk and Vivek Ramaswamy appeared at the Capitol on the 5th local time and held a meeting with members of the Senate and the House of Representatives to discuss the U.S. federal government reform plan. According to the ideas of Musk and others, the reform measures of the "Department of Government Efficiency" can be roughly divided into "two steps." When the "Department of Government Efficiency" was first established, a comprehensive review of the unreasonable current system in the United States was conducted. Not only that, the "Department of Government Efficiency" will also fully communicate with legal experts from various departments of the U.S. government to accurately identify rules and regulations that can be deleted. After the current system is revised, the Trump administration can implement large-scale layoffs. Although Musk did not mention the specific number of layoffs in the article, he said that this number is at least proportional to the number of rules and regulations abolished by Trump.

04:51

House Speaker Mike Johnson supports Elon Musk's plan to return federal workers to offices

2024.12.05

12:44

Musk plans to expand Colossus supercomputer 10 times

Elon Musk’s artificial intelligence startup xAI has vowed to expand its Colossus supercomputer tenfold to include more than a million GPUs in a bid to close the gap with rivals including Google, OpenAI and Anthropic.

2024.12.03

05:50

A Delaware judge has refused to reinstate CEO Elon Musk's $56 billion Tesla pay package despite shareholder approval, according to court documents.

2024.11.07

04:09

Musk's wealth jumps $26.5 billion in single day as Trump wins U.S. presidential election

Asia Tech Wire (Nov 7) -- Tesla CEO Elon Musk's wealth has increased dramatically after Republican presidential candidate Donald Trump won the 2024 U.S. presidential election, securing his place as the world's richest man.

2024.10.30

07:45

Musk's xAI reportedly in new funding round at $40 billion valuation

Asia Tech Wire (Oct 30) -- Elon Musk's artificial intelligence startup xAI is in talks with investors for a round of funding at a valuation of around $40 billion, according to the Wall Street Journal, citing people familiar with the matter.

2024.10.10

09:12

OpenAI asks court to dismiss lawsuit filed by Musk

Asia Tech Wire (Oct 10) -- OpenAI has asked a court to dismiss a lawsuit filed by Tesla CEO Elon Musk, claiming that he is litigating for competitive advantage.

2024.09.11

06:47

Musk says Tesla to equip Dojo 2 AI training chip in volume by late 2025

Asia Tech Wire (Sep 11) -- Tesla's next-generation AI chip, Dojo 2, will ship in volume in late 2025, Elon Musk said during the All-In Summit 2024.

2024.09.10

04:05

Musk could be subpoenaed by UK Parliament over X

Asia Tech Wire (Sep 10) -- Elon Musk, the billionaire owner of the popular social media platform X, could face a summons from the UK Parliament over X, according to the Financial Times.

2024.09.05

07:44

Musk said to have spent $150 million to buy house in Beijing

Asia Tech Wire (Sep 5) -- Rumors have recently surfaced on Chinese social media platforms that Tesla CEO Elon Musk spent $150 million to buy a house in Beijing.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Huawei's Automotive BU spin-off is in the countdown, and old employees are expected to receive extra compensation when they transfer to other companies? Insider: I haven't heard of it.
                            2024-12-27

                                    Mao Yinian, Vice President of Meituan: Meituan has invested in several robot companies including Yushu and Galaxy General
                            2024-12-27

                                    A-share SMIC rose more than 5%
                            2024-12-27

                                    Meituan Vice President Mao Yinian: Meituan has obtained Dubai drone delivery commercial operation qualification
                            2024-12-27

                                    Henan Provincial Development and Reform Commission held a symposium on the development of new energy vehicle industry
                            2024-12-27