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Showing posts with the label ELON MUSK

Elon Musk focuses on wider release of self-driving cars by year's end

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Elon Musk, co-founder and chief executive of the world’s biggest electric vehicle maker Tesla , has said he intends to have self-driving cars ready by the end of the year, it was reported on Monday. The world’s richest person, who was speaking at an energy conference in Norway on Monday, said he expected a wider introduction of self-driving vehicles to the roads of the US and possibly Europe, depending on the regulatory approvals, Reuters reported. Mr Musk said he was also focusing on his SpaceX Starship spacecraft. “The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit … and then having Tesla cars to be able to do self-driving." However, this is not the first time Mr Musk has made announcements about self-driving cars . In 2019, he voiced his ambition to have 1 million robotaxis on the road by the end of the following year. Read More : https://www.thenationalnews.com/business/technology/2022/08/29/elon-mu...

Twitter says Elon Musk making up excuses to breach deal

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Twitter on Thursday said the notion Elon Musk was “hoodwinked” into inking a $44 billion buyout deal defies reason and the facts. In a filing, Twitter rejected counter claims made by Musk as he fights to walk away from the deal he inked in April to buy the San Francisco-based company. “According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement,” Twitter said. “That story is as implausible and contrary to fact as it sounds.”Musk last week filed a countersuit along with a legal defense against Twitter’s claim that the billionaire is contractually bound to complete the takeover deal. Read More : https://www.arabnews.com/node/2136496/media