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Nearly all USAID staff to be laid off - US media

The Trump administration plans to reduce the number of staff at the US government's giant humanitarian agency USAID to fewer than 300 people from more than 10,000, the New York Times has reported.

Business • 07 Feb 25

Tesla's market value has soared with the election of US President Donald Trump, who is a close ally of CEO Elon Musk

Tesla commits to cheaper cars in first half of 2025

Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025 and would start testing a paid autonomous car service in June, enthusing investors and overshadowing quarterly results that fell short of Wall Street expectations.

Business • 30 Jan 25

Tesla, the world's most valuable car maker, has seen its stock market valuation soar more than 60% to $1.3 trillion since President Donald Trump won November's US election

Tesla investors pin hopes on cheaper EV model to up sales

Tesla investors will look for more details on the car maker's lower-priced model when it reports quarterly results on Wednesday as some expect the cheaper car to help the company hit its goal to increase deliveries by up to 30% this year.

Business • 27 Jan 25

Market experts predict that the alliance between the US President and Elon Musk will unravel in 2025.

What's the market forecast for Musk/Trump bromance?

Elon Musk has been a constant presence as Donald Trump charted out his second administration, writes Petula Martyn.

Business • 26 Jan 25

Dozens of commercial flights diverted to other airports or altered course to avoid potential debris after the SpaceX Starship broke up

SpaceX's Starship explodes in flight test

A SpaceX Starship rocket broke up in space minutes after launching from Texas last night, forcing airline flights over the Gulf of Mexico to alter course to avoid falling debris and setting back Elon Musk's flagship rocket programme.

Business • 17 Jan 25

The SEC has accused Elon Musk - the world's richest person - of waiting too long to disclose in 2022 he had amassed a large stake in Twitter

US SEC sues Musk over late disclosure of Twitter stake

Elon Musk has been sued by the US 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 later bought.

Business • 15 Jan 25

Bloomberg says that Chinese officials are in preliminary talks about a potential option to sell TikTok's operations in the US to Elon Musk

China mulls potential sale of TikTok US to Musk - report

Chinese officials are in preliminary talks about a potential option to sell TikTok's operations in the US to billionaire Elon Musk, should the short-video app be unable to avoid an impending ban, Bloomberg News has reported.

Business • 14 Jan 25

Jeff Bezos does not think SpaceX CEO Elon Musk will use his close ties with US President-elect Donald Trump to undercut Blue Origin

Bezos sees no threat from Musk-Trump ties in space race

Jeff Bezos does not think SpaceX CEO Elon Musk will use his close ties with US President-elect Donald Trump to undercut Bezos' rival space company Blue Origin, and was "very optimistic" about the incoming administration's space agenda.

Business • 13 Jan 25

Elon Musk has recently involved himself in European politics after emerging as a major backer of Donald Trump in the US

Elon Musk, Europe and the battle for online truth

Having helped re-elect Donald Trump with a $250 million donation and generous boosting on his X platform, Elon Musk has turned his gaze to Europe, notably the UK and Germany.

Analysis and Comment • 13 Jan 25

AfD co-leader Alice Weidel pictured ahead of the conversation with Elon Musk

Vote meddling fears as Musk hosts German far-right leader

Elon Musk has urged Germans to vote for the far-right Alternative for Germany party in an upcoming general election during a broadcast he hosted with the party's co-leader on his social media platform X.

Europe • 09 Jan 25

Keir Starmer accused some politicians of 'jumping on the bandwagon' (File image)

Starmer hits back at Musk and 'poison of the far-right'

British Prime Minister Keir Starmer has said the online debate about child sexual exploitation was based on lies, with politicians "jumping on the bandwagon".

UK • 06 Jan 25

Tesla's annual deliveries fall for first time

Tesla has reported its first fall in yearly deliveries as lucrative year-end incentives for the Elon Musk-led electric vehicle maker's aging lineup and the new Cybertruck pickup failed to lure customers wary of high borrowing costs.

Business • 03 Jan 25

The US SEC has reopened an investigation into Elon Musk's brain-chip startup Neuralink

SEC 'reopens' probe into Neuralink, Musk's lawyer says

The US Securities and Exchange Commission this week has reopened an investigation into Elon Musk's brain-chip startup Neuralink, according to a letter shared by Musk on social media platform X.

Business • 13 Dec 24

Elon Musk is Tesla's largest shareholder with about a 13% stake in the EV company

Elon Musk's net worth tops $400 billion - Forbes list

Tesla CEO Elon Musk's net worth crossed $400 billion today, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the car maker's shares this year and the soaring valuation of his rocket company SpaceX.

Business • 12 Dec 24

After the court decision, Elon Musk said that 'shareholders should control company votes, not judges'

US judge rejects Musk's $56 billion Tesla pay - again

A Delaware judge has ruled that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric vehicle company voting in June to reinstate it.

Business • 03 Dec 24

Musk is reported to have donated at least $75m to the effort to re-elect Trump

Top Trumps - the rise of Elon Musk

It has been a good week for Elon Musk.

Business • 18 Nov 24

Elon Musk's new position raises concerns about conflict of interest

Elon Musk: Rocket man takes aim at Washington

Billionaire Elon Musk took a wild gamble backing Donald Trump's White House candidacy, but the bet has paid off.

US • 13 Nov 24

Elon Musk gave millions of dollars to support Donald Trump's presidential campaign and made public appearances with him

Trump names Musk, Ramaswamy to lead new US department

US president-elect Donald Trump has said that Elon Musk and former republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency.

US • 13 Nov 24

Tesla shares jumped 8.2% to $321.22 on Friday night, catapulting its valuation above the $1 trillion mark for the first time in more than two years

Tesla stock extends rally on Musk-Trump alliance

Tesla shares extended last week's sharp rally with a jump of over 8% today, fueled by bets of the car maker benefiting from CEO Elon Musk's close ties with US President-elect Donald Trump.

Business • 11 Nov 24

Donald trump has said he would tap Tesla CEO Elon Musk to lead a new government efficiency commission if he wins the US Presidential Election

Explainer:How Trump's new administration affects business

Donald Trump's return to the White House after winning the US presidential election may reshape American business.

Business • 06 Nov 24

Elon Musk promised to give $1million each day to someone who signed his online free-speech and gun-rights petition

Judge declines to block Musk's $1m voter giveaway

A Pennsylvania state judge has said he would not immediately move forward with a lawsuit that seeks to stop Elon Musk's $1 million voter giveaway ahead of the 5 November US presidential election.

US • 31 Oct 24

Tesla shares saw their biggest single-day gain in over a decade on Wall Street last night

Tesla rallies most in over a decade on Musk's EV forecast

Tesla shares closed up nearly 22% on Wall Street last night - their biggest single-day gain in over a decade - as CEO Elon Musk's bold forecast of surging sales reassured investors he was still looking to grow its core business of selling electric cars.

Business • 25 Oct 24

Tesla has already delivered 1.29 million vehicles in the first nine months of this year

Tesla surprises with sales forecast and cost efficiency

Tesla CEO Elon Musk said he expects vehicle sales to grow 20% to 30% next year, reassuring investors the company was improving its core business of selling electric vehicles profitably, and reducing concerns about when it could produce a robotaxi.

Business • 24 Oct 24

The new Tesla robotaxi has no steering wheel or pedals

Tesla CEO Musk unveils 'Cybercab' robotaxi

Elon Musk has showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event and added a robovan to the roster as Tesla's goal shifts from low-priced mass-market automaker to robotics manufacturer.

Business • 11 Oct 24

Musk has said Tesla's robotaxi product - called a Cybercab - will be a new model of vehicle that can drive itself and work on a Tesla ride-hailing platform

Tesla's Musk heads to Hollywood to unveil his robotaxi

Tesla faces a watershed moment on Thursday when CEO Elon Musk takes the stage at the Warner Bros Hollywood studio to unveil much-delayed plans for a robotaxi, a project that has reignited the electric vehicle maker's stock, despite cooling expectations for EV growth.

Business • 08 Oct 24