Elon Musk’s net worth has surpassed $400 billion, reaching $440 billion after a SpaceX share buyback valued the company at $350 billion. This $50 billion boost solidifies his position as the world’s richest person, according to Bloomberg. Musk’s wealth, mostly driven by Tesla and SpaceX, surged after Trump’s November election win. Tesla’s stock rose 65 … Read more
A Delaware court has rejected Elon Musk’s massive pay package for serving as Tesla’s CEO, despite it being approved by Tesla shareholders earlier this year. The package, valued at about $101 billion based on Tesla’s current stock price, includes 303 million stock options. Court Ruling and Shareholder Challenge Delaware Chancery Court, Chancellor Kathaleen McCormick first … Read more
US and China clash over electric vehicle dominance Chinese EV companies, like BYD, challenge Western automakers Concerns rise over trade barriers, innovation, and data security EKO HOT BLOG reports that In the ongoing disputes between the United States and China, electric vehicles (EVs) play a significant role. EDITOR’S PICKS JAMB And Candidates: A Case Study … Read more
Elon Musk took over Twitter in October 2022 in a $44 billion deal. His reign started with trying to reduce the platform’s dependence on advertising. However, the plan has backfired so far as revenue dropped drastically, triggering massive layoffs. Eko Hot Blog reports that Elon Musk has named a new chief executive of Twitter, just … Read more
Eko Hot Blog brings you the enchanting highlights of the birthday celebration of Babatunde Bashorun, a sexagenarian Lagosian who is domiciled in the land of stars and stripes. EDITOR’S PICKS ‘Operation Clean Lagos’: LAWMA Begins Placing Notices On Houses Without Waste Bins Lagos Govt To Divert Traffic On Third Mainland Bridge Lagos Executes Concession Agreement … Read more
Electric car maker Tesla says it delivered a record 1.3m vehicles last year, 40% more than in 2021. Eko Hot Blog reports that it comes after the company delivered more than 405,000 vehicles in the last three months of 2022. EDITOR’S PICKS US: House Of Reps Bans TikTok From Official Devices Supreme Court Sets Date … Read more
Elon Musk has said he will make an alternative phone if Apple and Google drop Twitter from their app stores. Eko Hot Blog reports that Twitter owner and CEO, Elon Musk, has said he is open to creating an alternative phone if tech giants, Apple and Google, boot his social media platform from their app … Read more
Elon Musk has completed his Twitter takeover, immediately firing some top executives. Eko Hot Blog reports that the Tesla and Space X CEO, Elon Musk, has completed his $44 billion deal to buy the social media giant, Twitter. EDITOR’S PICKS Elon Musk Stages $43bn Hostile Takeover Of Twitter Elon Musk Backs Out Of $44bn Twitter … Read more
Elon Musk has reversed his previous position and proposed to buy Twitter at original price. Eko Hot Blog reports that billionaire business mogul, Elon Musk, has made a U-turn in his efforts to buy Twitter. EDITOR’S PICK Elon Musk Stages $43bn Hostile Takeover Of Twitter Elon Musk Backs Out Of $44bn Twitter Deal Elon Musk … Read more
Elon Musk Subpoenas Jack Dorsey Ahead Of Twitter Court Battle EKO HOT BLOG reports that Elon Musk has launched legal action to summon Twitter former CEO and co-founder Jack Dorsey to appear in court as part of his legal battle with the tech company. Musk is seeking to end his $44bn deal for … Read more
Elon Musk Sells $7bn Worth Of Tesla Shares EKO HOT BLOG reports that Tesla CEO, Elon Musk sold nearly 8 million shares of Tesla, raising almost $6.9 billion in recent days according to filings with the Securities and Exchange Commission late on Tuesday, Aug. 9. The sales came as Musk tries to wriggle out of … Read more
Musk’s $44 billion deal was confirmed in late April after he spent nearly three months buying up Twitter shares to increase his stake in the company At the time, the billionaire said he wanted to “make Twitter better than ever by enhancing the product with new features EDITOR’S PICK Ukraine War: West Must ‘Prepare For … Read more
Musk recently disclosed he had purchased a more than 9% stake in Twitter, making him the company’s largest shareholder Musk had tweeted that he was looking forward to working with Parag and Twitter board to make significant improvements to Twitter… EDITOR’S PICK: Fake Corper Nabbed At Orientation Camp, Stolen Phones Recovered Man Gets 21-year Sentence … Read more
He sold off 10.3 million of the shares he acquired thoughout the process to cover his tax withholding requirements EKO HOT BLOG reports that Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He’ll end up with one of the largest tax bills in history to show for … Read more
Tesla is the world’s most valuable carmaker, with a stock market valuation of more than $1tn EKO HOT BLOG reports that Tesla chief executive Elon Musk has sold around $5bn (£3.7bn) of shares in the electric carmaker. It comes days after he asked his 63 million Twitter followers whether he should sell 10% of his … Read more
Tesla is the second-fastest company to hit the $1 trillion mark… Last year Tesla sold only 500,000 cars worldwide Ekohotblog reports that Elon Musk’s Tesla has now become the sixth business in US history to reach $1 trillion in market capitalization. The stock rose more than 12% to $1,045 on Monday, driven by two pieces … Read more
Musk said he loses money when the value of bitcoin or other cryptocurrencies declines but that he has not been selling despite the volatility Tesla founder Elon Musk, on Wednesday, disclosed that he personally has invested in bitcoin and other cryptocurrencies but that he does not manipulate or “dump” the digital currencies. In a wide-ranging … Read more
“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions” The cryptocurrency market suffered a dip on Thursday morning, after Elon Musk, chief executive officer of Tesla, disclosed that the electric carmaker has halted bitcoin payment option. In March, Tesla had introduced bitcoin payment option for the company’s products, a … Read more
Bezos’s present net worth of $191 billion can buy 107 million troy ounces of gold or 3.01 billion barrels of crude oil Fifty-seven-year-old American billionaire and founder of the world’s most valuable online retail company, Jeff Bezos, has just reclaimed the world’s richest person title, after surpassing Elon Musk some hours ago. According to the … Read more
Elon Musk’s swift climb up the rungs of the world’s richest men continues steadily. The Tesla CEO’s net worth soared on Monday as shares of his electric automaker hit a record high, boosting his net worth to $127.9 billion, according to the Bloomberg Billionaires index, which tracks the world’s 500 wealthiest people. Read also: NASA Returns … Read more