Elon Musk
Coverage of Elon Musk’s companies and business moves, including Tesla, SpaceX, xAI and Grok, the Terafab chip plant and related IPO plans.
Shotwell Gives Over 2m SpaceX Shares to Teens’ Trump Accounts
Gwynne Shotwell's SpaceX share gift of over 2 million shares reaches 11 to 17-year-olds' Trump Accounts in December, starting in lower-income zip codes.
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Grok Bot Adds a Vault to Save Logins, Cards and Contact Details
Grok Bot's 23 October update adds a Vault for logins, cards and contact details, plus email forwarding, fewer approval prompts and more routine runs.
Tesla Drops Cybertruck for Australia and NZ, Buyer Email Says
Tesla has told Australian and New Zealand reservation holders it will not build the Cybertruck for them, refunding A$150 deposits taken since 2019.
Tesla Says Optimus Production Has Begun; Musk Puts 20,000 a Week a Year Away
Tesla's Q3 update says Optimus production has started in Fremont. On the call, Musk said 20,000 robots a week is at least a year away.
Tesla Targets Unsupervised FSD in Owners’ Cars for Q2 2027
Tesla told investors it aims to let owners' cars drive unsupervised from Q2 2027, in Robotaxi zones only, and to deliver Cybercabs to buyers this year.
Tesla’s Q3 Net Income Falls 43% to $787m as R&D Spending Jumps 69%
Tesla's Q3 revenue was flat at $28.05bn and GAAP profit fell 43% to $787m as R&D rose 69%. It says battery supply limited car volumes.
Musk Sets ‘Very Aggressive’ Terafab Dates and a 13GW SpaceX Compute Goal
Musk says SpaceX expects about 3GW of compute by year-end and 10GW more in 2027, with a first Terafab test chip by mid-2027. All are targets.
SpaceX Says Grok Bot Doubled to 800,000 Paid Weekly Users in a Month
SpaceX told investors Grok Bot had 800,000 paid weekly users in early October, more than double a month earlier. It gave no definition or baseline.
SpaceX and Tesla Set Up Merger Committees, Musk Tells Investors
Musk says SpaceX and Tesla boards have formed committees of independent directors to weigh a merger. No terms are agreed, and Tesla faces a high vote bar.
SpaceX Makes a $4.4bn Quarterly Profit as AI Revenue Passes Starlink
SpaceX's Q3 revenue rose 161% to $14.6bn, with its Super Intelligence arm out-earning Starlink. What drove the $4.4bn profit, and what it cost to build.
Tesla Sets December Shareholder Meeting; Musk Seeks Board Re-Election
Tesla’s 2026 proxy sets the annual meeting for 3 December. Musk, Denholm and Straubel seek re-election. FSD and delivery figures are Tesla’s.
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