Elon Skips Gujarat Summit But Tesla Welcome To Invest
Gandhinagar, Gujarat is set to host the 10th annual Vibrant Gujarat Summit from 10 Jan 2024 to 12 Jan 2024. Delicacies from many countries are attending this summit. However, one of the biggest guests and the CEO of Tesla Automotive has confirmed that he will not be attending the summit, a senior government official disclosed….
Shipra Prajapati
Union Cabinet Approved Royalty Rates For Rare Minerals
In an announcement made on Wednesday, the Union Cabinet approved royalty rates for some critical and strategic minerals. This decision comes after Minister of Mines, Vivek Bharadwaj announced that India will be auctioning some critical mineral mines. The royalty for Lithium, Rare Earth Elements (REE) and Niobium are 3%, 1% and 3% respectively. In August,…
Chandan Kumar
Elon Musk’s Twitter Deal Under Scrutiny From The SEC
The US Securities and Exchange Commission or SEC has started investigating Elon Musk over his $44 billion Twitter deal, they want the billionaire to testify. The Agency is looking to review Elon Musk’s statements and disclosure for the stock transaction of the Twitter deal. SEC said on Thursday that they arranged a testimony for Musk…
Abdullah Ansari
Tesla To Source Automobile Parts Worth $1.9 Billion This Year
On Wednesday, Commerce Minister Piyush Goyal revealed that the Tesla Inc has planned to source automobile parts worth up to $1.9 billion this year from India. Basically, this move of the electric vehicle giant is set to boost the country’s automobile industry and reflects the growing interest of the global industries in India as a…
Yash Sharma
Master Plan 3 Unveiled By Musk At Tesla’s Investor Day
The co-founder, CEO, and billionaire Elon Musk revealed a new ambitious master plan at the Investor Day event hosted by Tesla in Austin, Texas, on Wednesday. This new aspiration plan requires an investment of $10 trillion to achieve a “sustainable energy future”. The third part of Tesla’s master plan aimed at making efforts to reduce…
Aman Goyal
Elon Musk Sold A Huge Chunk Of Shares In EV Business
Tesla CEO Elon Musk sold about 22 million shares of his electric vehicle business, which was worth around $3.6 billion, according to the financial filing out on Wednesday. The transaction took place between Monday and Wednesday, according to the filings with the Securities and Exchange Commission. Earlier this month, Elon stated that he had no…
Elon Musk Take Control Over Twitter & Fires CEO Parag Agarwal
According to the reports shared by the New York Times, Elon Musk allegedly fired Twitter’s CEO Parag Agarwal and other top executives once the deal was completed. Ned Segal, CFO (Chief Financial Officer) and Vijaya Gadde, Head of Legal, are among the top names that departed from Twitter after Elon Musk finalised his deal for…
Microsoft Eliminates 1800 Employees As A Part Of Structural Adjustments
Microsoft has cut off 1800 employees across different groups as a part of its structural adjustments. The company states that it cuts some jobs to realign business groups and roles after the close of its fiscal year on June 30. It also added that Microsoft would continue to hire new employees and conclude the current…
Has Elon Musk Jeopardised Twitter’s Business For His Gain?
Elon Musk has found himself surrounded by another controversy, regarding the failed deal with Twitter. Apart from successfully running his automotive and clean energy company, ‘Tesla’, the multi-billionaire CEO is often spotted making incautious comments and replies over social media. In April 2022, Elon Musk disclosed his stakes in Twitter, making him the single largest…
Elon Acquires Twitter Worth $44 Billion: Biggest Tech Deal
Elon Musk now officially owns Twitter and has taken over all the control. The deal has closed on approximately $44 billion with shares valued at $54.20. Musk announced his takeover bid on April 14, calling it his ‘best deal and final offer’. Musk is the world’s richest man, and all his achievements are self-crafted. Taking…
Sumit