tesla

Elon Musk, World’s Richest Man Has Hit $500 Billion Net Worth

October 4, 2025 12:57 am

Elon Musk still leads as the world’s richest man with his Tesla surge and soaring valuations of SpaceX and xAI propels him to historic half-trillion-dollar fortune.

Elon Musk has become the first person in history to amass a personal fortune of $500 billion, according to Forbes’ Real-Time Billionaires index, cementing his position as the world’s richest individual.

The milestone places Musk far ahead of other billionaires. Oracle co-founder Larry Ellison, the world’s second-richest person, trails him by nearly $150 billion.

Musk’s latest leap in wealth was fueled by a 4% rise in Tesla shares on Wednesday, which added more than …

Tesla Proposes $1tn Award For Musk If He Hits Targets

September 5, 2025 4:54 pm

Tesla’s board has proposed an extraordinary pay package for CEO Elon Musk, potentially worth more than $1 trillion (£740bn) if he meets a series of ambitious targets over the next decade.

The plan would see Musk awarded shares gradually, rather than a salary or bonus, contingent on achieving milestones including an eightfold increase in Tesla’s market value, the sale of 1 million artificial intelligence robots, and 12 million additional Tesla vehicles. Each target is paired with an operational benchmark and earnings goals, designed to reward extraordinary growth.

The company’s board encouraged shareholders to approve the package. “Growth that may seem …

Musk Quits Funding Of Starlink In Ukraine Indefinitely

October 15, 2022 3:14 am

Tesla CEO, Elon Musk on Saturday disclosed that SpaceX would not be able to pay for Starlink satellite internet in Ukraine indefinitely, while the US military confirmed it was communicating with the billionaire’s company about funding for the key network.

The discussions come as Musk has been embroiled in public spats with Ukrainian leaders who were angered by his controversial plan for de-escalating the conflict, which included acknowledging Russian sovereignty over Crimea.

Starlink, a constellation of more than 3,000 small satellites in low Earth orbit, has been vital to Ukraine’s communications as it fights against Russia’s invasion, with SpaceX donating …

Tesla To ‘Recall’ Over 285,000 Cars In China, Gives Reasons

June 27, 2021 6:02 am

Electric car giant Tesla has disclosed its plans to ‘recall’ over 285,000 cars from the Chinese market after an investigation found issues with its assisted driving software that could cause road collisions.

Africa Daily News, New York reports that Tesla would contact affected users to upgrade their vehicle’s software remotely for free, a State Administration of Market Regulation (SAMR) notice said, adding that it affects some imported and domestically manufactured Model 3 and Model Y vehicles.

‘The recall plan was filed with the State Administration of Market Regulation, and it was decided to recall the following vehicles from today,’ SAMR …

Tesla And Ford Trade Challenges In Macho Truck World

November 27, 2019 2:40 pm

Tesla and Ford were in a virtual stare-down on Tuesday in the macho truck world, each claiming their electric pick-up was strongest.

Dueling tough talk was exchanged on Twitter after Tesla chief executive Elon Musk posted a video of a freshly-unveiled “Cybertruck” trouncing a Ford F-150 in a tug-of-war.

The video had logged nearly 13 million views at Twitter as of early Tuesday in California, and been “retweeted” more than 110,000 times.

In the clip, a wedge-shaped Cybertruck drags an F-150 uphill, with smoke coming from the Ford’s rear wheels as it tries to go downhill.

“Better than a Ford …