Tesla produced its first Cybertruck off the assembly line in Austin, Texas, over the weekend after two years of delays. The first Cybertruck finally rolled off the factory line on July 15 to much celebration at Tesla’s Gigafactory. Tesla CEO Elon Musk first announced the first prototype of the electric pickup truck back in 2019 to great…
Tesla Builds Its First Cybertruck Two Years Behind Schedule
July 17, 2023
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Elon Musk Reveals Twitter Has ‘Negative Cash Flow’ and ‘Heavy Debt’
Elon Musk wrote Saturday that Twitter is dealing with a “heavy debt load” after losing about 50 percent of its advertising revenue and that has resulted in the app having a “negative cash flow.” “We’re still negative cash flow, due to ~50 percent drop in advertising revenue plus heavy debt load. Need to reach positive…
Twitter Has ‘Negative Cash Flow’ and ‘Heavy Debt,’ Musk Reveals
Twitter is dealing with a “heavy debt load” after losing about 50 percent of its advertising revenue, and that has resulted in the app having a “negative cash flow,” Elon Musk, the company’s owner, wrote on July 14. “We’re still negative cash flow, due to ~50 percent drop in advertising revenue plus heavy debt load. Need to…
Elon Musk’s X Corp Sues 4 Entities He Says Are Scraping Twitter Data
Elon Musk’s X Corp., the California-based company that owns and operates Twitter, has filed a lawsuit against four entities in Texas. The lawsuit accuses the defendants of data scraping from the social media site and causing issues for the platform’s users. The lawsuit was filed in a Dallas County District Court on July 6 and…
Elon Musk Launches New Company ‘xAI’ With a Cryptic Mission
Twitter CEO Elon Musk has announced that he’s forming a new artificial intelligence company called xAI. Musk made the announcement in a brief tweet on Wednesday, in which he did not elaborate on the details of the new venture except to say that its aim is to “understand reality.” The Twitter chief also shared a…
Elon Musk and Tesla Entering British Energy Market Hints New Job Ad
A job posting by Tesla suggests the company is planning on entering the UK energy market. On its UK site, Elon Musk’s company Tesla said it is aiming to hire an experienced professional as Head of Operations, an executive who will have “operational responsibility for our retail electricity activities in the UK.” Tesla says it…
Elon Musk Promotes Socialism in China
Commentary Elon Musk, the wunderkind CEO and co-founder of Tesla and SpaceX, is playing in dangerous sandboxes. On June 20, he proposed a “cage match” with Facebook founder Mark Zuckerberg, who accepted the challenge, albeit with the date to be determined. Both tech titans are martial arts enthusiasts. The fight venue is under discussion, with…
Musk: It’s ‘Time for Parents to Fight Back’ Against Gender Ideology
Tesla CEO Elon Musk is once again speaking out against transgender politics, calling upon parents to “fight back” and protect their children from the ideology. “Time for parents to fight back!” the billionaire wrote on Twitter on July 9 in response to a TikTok video posted by an irate father. “I’m literally on fire right…
Elon Musk Says Tesla Could Reach ‘Level 4 or 5’ Autonomous Driving This Year
Tesla CEO Elon Musk said the electric-vehicle maker is “very close” to achieving fully autonomous driving, predicting the advanced driving system will be ready this year. “In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision,” Mr. Musk said via video link at…
Twitter Threatens Legal Action Against Meta Over Rival Threads App
July 7, 2023
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Lawyers for Elon Musk have threatened to take legal action against Meta Platforms after the Mark Zuckerberg-owned company this week unveiled a microblogging platform rivaling Twitter called Threads. In a July 5 letter (pdf) addressed to Mr. Zuckerberg, Mr. Musk’s attorney Alex Spiro wrote that Twitter has “serious concerns” that Meta has engaged in “systematic, willful, and…
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