Elon Musk News

Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills

Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on Wednesday that one of the 40 bills he was prioritizing this legislative session is called “Texas DOGE – Improving Government …

SEC Sues Elon Musk Over Late Disclosure of Twitter Stake

Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he …

Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers

Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his expected policies on the property/casualty insurance industry as …

Musk, Ramaswamy Will Lean on Supreme Court Rulings to Cut US Agencies

Elon Musk and Vivek Ramaswamy said the government efficiency panel that President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from federal agencies and …

Musk Escalates Altman Legal Feud, Casting OpenAI as Monopolist

Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead. In a revised version …

Texas’ Abbott Touts Dallas Finance Hub as New Bourse Makes Hires

Texas Governor Greg Abbott said the upstart Texas Stock Exchange will help transform Dallas into the country’s top financial center and boost businesses’ access to capital. “Dallas, Texas, is already a massive financial center, but when you put a stock …

Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises

Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker’s self-driving technology in order to boost its stock price. U.S. District Judge …

Ex-Twitter Worker Wins Musk Layoff Pay Fight, Memo Says

Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform in 2022, according to a memo obtained by Bloomberg News. The resolution of the …

Cards Against Humanity Sues Elon Musk’s SpaceX Over Alleged Trespassing in Texas

The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant land the company owns in Texas. In a lawsuit filed this week at a Texas court, …

SEC Intends to Seek Sanctions Against Elon Musk in Twitter Probe

The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of Twitter. In a filing in …