Elon Musk's net worth surged by over $110 billion to reach a record $1.2 trillion following a 14% rise in SpaceX shares after its historic IPO. The IPO raised $85.7 billion, with strong demand pushing the total offering to over $350 billion, including retail and institutional investors. Musk owns about 38% of SpaceX, making him the world's richest person by a wide margin. This milestone continues Musk's rapid wealth growth, having crossed $500 billion just last year.
Tesla has been accused of presenting misleading safety data to European regulators to gain approval for its Full Self-Driving (FSD) system. Independent researchers and Reuters found that Tesla exaggerated its safety claims by using unrealistic assump...
Elon Musk's net worth surged by more than $90 billion to a record $1.2 trillion following an 11% rise in SpaceX shares after its historic IPO. SpaceX raised $85.7 billion in the offering, with strong demand pushing the total to over $350 billion incl...
Regulators in Sweden and the Netherlands claim Tesla supplied misleading data regarding its Full Self-Driving (FSD) system's safety to gain approval for widespread use. Tesla had previously asserted its FSD-equipped vehicles were ten times safer than...
Investor Ron Baron increased his SpaceX shares by $1 billion during the company's IPO, raising his firm's stake to about $25 billion. Despite SpaceX's $2 trillion valuation, Baron believes the company could be worth $20 to $40 trillion in 10 years du...
Tesla's stock increased early Monday following a memorandum of understanding announced by President Trump to effectively end a war that began three months ago between the U.S. and Iran. This development has positively influenced market sentiment, con...
