Tag Archives: Tesla

Elon Musk has officially become the first person in history to surpass a $400 billion net worth, marking a significant milestone in his financial journey. The SpaceX and Tesla CEO reached this remarkable achievement following a surge in his wealth driven by a recent insider share sale and favorable outcomes in the recent U.S. elections.

Elon Musk, the CEO of Tesla and SpaceX, has reached a net worth milestone of over $300 billion for the first time in nearly three years, following Donald Trump's win in the U.S. presidential election. The billionaire’s wealth surged after Tesla shares soared by 28%, adding approximately $50 billion to Musk's net worth, now valued at $313.7 billion according to Bloomberg's Billionaires Index. The market's optimism stems from Musk's close relationship with President-elect Trump, which investors anticipate could benefit Musk’s companies, particularly Tesla and SpaceX.

Dhruv Loya, a recent Biomedical Engineering graduate from the University at Buffalo (UB), has successfully secured a position at Tesla as a Powerwall Technical Support Specialist after an arduous five-month job search. Originally from Pune, India, Loya took to LinkedIn to share his journey, highlighting the numerous challenges he faced along the way.

According to a report by Informa Connect Academy, Elon Musk, the CEO of Tesla and SpaceX, may become the world's first trillionaire by 2027. With a current net worth of $237 billion, Musk would need to grow his wealth at an annual rate of 110% to achieve trillionaire status within the next few years.

Tesla and SpaceX CEO Elon Musk recently sparked speculation about his potential involvement in a future Donald Trump administration after responding to the former president's suggestion that he might offer Musk an advisory role. Musk's response came in the form of a social media post on X (formerly Twitter), where he stated, "I am willing to serve."

Mark Zuckerberg's unconventional celebration of Independence Day has stirred up a social media feud with fellow tech magnate Elon Musk. The Meta CEO's July 4th festivities, captured in a viral wakeboarding video, featured him clad in a tuxedo, proudly waving an American flag while enjoying a beverage.

In a significant development at Tesla, billionaire Elon Musk may consider leaving the electric car maker if shareholders reject his proposed $56 billion pay package. This warning was issued by Tesla's board chair, Robyn Denholm, who emphasized the unique nature of motivating someone like Musk.

In a recent tweet, Elon Musk expressed his gratitude to Ashok Elluswamy, an Indian-origin engineer and the first person hired for Tesla's autopilot team, for his contribution to Tesla's success in artificial intelligence (AI) and autopilot software.

Tesla CEO Elon Musk is facing a shareholder lawsuit alleging he engaged in $7.5 billion worth of insider trading. The lawsuit, filed by Tesla investor Michael Perry in Delaware Chancery Court, claims that Musk had inside knowledge of Tesla’s impending miss on production and delivery numbers for the fourth quarter of 2022 when he sold over $7.5 billion in company stock.

Tesla, led by Elon Musk, has initiated a round of layoffs that includes two senior executives and nearly 500 employees in the Supercharger team, signaling a significant transition within the electric vehicle (EV) maker. Among those impacted is an Indian-origin woman who shared her experience on LinkedIn, describing it as a "significant transition" for herself and her team.