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Tesla’s stock surged more than 7% in premarket trading on Monday as CEO Elon Musk disclosed the purchase of over 2.5 million shares worth about $1 billion. According to a regulatory filing, Musk bought the shares on Friday at varying prices, a move analysts say signals his confidence in the company’s future. The development comes as Tesla prepares for a crucial shareholder vote on a proposed pay package for Musk, which could potentially make him the world’s first trillionaire if a series of highly ambitious performance targets are met over the next decade. Under the plan, Musk would be awarded shares equal to up to 12% of Tesla in 12 separate tranches if the company achieves milestones including sharp increases in car production, share price and operating profit. The payout, entirely in stock rather than cash, would represent one of the most outsized executive compensation deals in U.S. history. To unlock the first tranche — equal to 1% of Tesla — Musk would need to lift the company’s valuation to $2 trillion, roughly double its current market capitalization, while meeting other operational goals. Securing the full package would require Tesla to reach a market value of $8.5 trillion, more than twice the worth of Nvidia, the world’s most valuable company today. The ambitious proposal comes amid mounting challenges for Tesla. Sales have plunged this year, partly due to backlash over Musk’s close alignment with President Donald Trump, while competition from Detroit automakers and Chinese electric vehicle producers has intensified. Investors have also expressed concern about Musk’s frequent involvement in Washington politics, where he has emerged as one of the most visible members of the Trump administration, particularly in efforts to reduce the size of the federal government. Tesla’s annual shareholder meeting is scheduled for November 6, when the pay package will be put to a vote.  

A Turkish court has ordered a ban on access to Elon Musk’s artificial intelligence chatbot Grok, developed by his company xAI, after it allegedly disseminated offensive content targeting Turkey’s President Recep Tayyip Erdogan and other prominent figures. The court order, issued on Wednesday, follows reports that Grok posted vulgar remarks about President Erdogan, his late mother, and other personalities in response to user prompts on the X social media platform, according to the pro-government A Haber news channel. Additional media reports stated that the chatbot also made derogatory comments about Mustafa Kemal Atatürk, the founder of modern Turkey. In reaction, members of the public in Ankara sought legal action under Turkey’s internet law, arguing that the chatbot’s responses posed a threat to public order. A criminal court approved the request and instructed the country’s telecommunications authority to enforce the ban. Elon Musk intensifies criticism of Trump’s tax bill as Senate GOP races to pass it The controversy stems from a recent update to Grok, which has been criticized for producing increasingly unfiltered and “politically incorrect” responses. Amid growing criticism, social media platform X issued a statement saying it had acted swiftly to remove the offensive material. “Since being made aware of the content, xAI has taken action to ban hate speech before Grok posts on X,” the company stated. “xAI is training only truth-seeking, and thanks to the millions of users on X, we are able to quickly identify and update the model where training could be improved,” the statement added. Grok’s restriction in Turkey highlights ongoing tensions between AI content regulation and national sensitivities, particularly concerning political figures and historical leaders.

After years of ambitious promises and delays, Elon Musk’s long-touted vision of Tesla “robotaxis” is finally hitting the road — albeit modestly — with a small pilot program launched in Austin, Texas, on Sunday. Tesla began testing 10 to 12 self-driving taxis in a limited, geofenced area of Austin, with each ride costing a flat fee of \$4.20. The vehicles are being remotely monitored and have a person in the passenger seat to intervene if needed, as reported by AP.  Musk took to X to share the news, writing, “The @Tesla\_AI robotaxi launch begins in Austin this afternoon with customers paying a \$4.20 flat fee!” The test run marks a significant moment for Tesla, especially after repeated delays since Musk first promised autonomous taxis back in 2019. At the time, he said they would be operational “next year,” a promise he repeated annually without fulfillment. Most recently, in early 2023, Musk claimed Tesla would have “over a million robotaxis” on the road by 2024. While only a dozen vehicles are active now, Musk has vowed rapid expansion of the service, predicting “hundreds of thousands if not a million vehicles next year.” However, industry analysts remain skeptical. “How quickly can he expand the fleet?” asked Garrett Nelson, an analyst at CFRA. “We're talking maybe a dozen vehicles initially. It's very small." Tesla faces growing pressure from several fronts. Political backlash and boycotts linked to Musk’s statements have contributed to plunging sales. Competitors, including Waymo — which just celebrated its 10 millionth paid ride — have pulled ahead with more mature self-driving technology. Waymo uses a sensor suite combining cameras, radar, and lidar, in contrast to Tesla’s camera-only system. Despite recent turbulence, including a \$150 billion stock decline after Musk’s public clash with President Biden, Tesla’s stock has shown resilience, closing Friday at \$322, up from about \$18 a decade ago. Critics have long challenged Tesla’s “Full Self-Driving” system, arguing it’s misleadingly named and not truly autonomous. Federal safety regulators and the Department of Justice have investigated FSD following accidents and lawsuits, though some legal challenges have been dismissed. In one such case, a judge ruled plaintiffs failed to prove Musk “knowingly” made false claims. Space station leak concerns can delay astronaut visit from India, Poland, Hungary Nonetheless, Musk insists that the improved FSD will power Tesla’s robotaxis safely and allow for swift nationwide rollout. His strategy includes transforming existing Teslas on the road into robotaxis via an over-the-air software update. Owners would be able to earn money by adding their vehicles to the fleet while they’re at work or away, a model Musk compared to Airbnb. “Instead of having your car sit in the parking lot, your car could be earning money,” Musk said earlier this year. “You will be able to add or subtract your car to the fleet.” Musk also maintains that Tesla’s reliance on cameras rather than expensive sensors gives the company an edge in scaling operations quickly. “Tesla will have, I don’t know, 99% market share or something ridiculous,” he said during a recent investor call. Dan Ives of Wedbush Securities remains optimistic: “This time Musk may actually pull it off because of Tesla's ability to scale up quickly.” And while analysts like Goldstein remain cautious, they admit Musk has defied expectations before. “Maybe his timelines aren’t realistic,” Goldstein said, “but he can develop futuristic technology products.”

The clash between the world’s richest man and one of its most influential political figures could cost Elon Musk billions, with major implications for his companies Tesla, SpaceX, Starlink, and social media platform X. The growing feud with Donald Trump could lead to heightened regulatory scrutiny on Tesla’s self-driving ambitions, reduced NASA contracts for SpaceX, fewer international Starlink deals, and a renewed exodus of advertisers from X. While the final impact depends on how far Trump takes the dispute, analysts warn that Musk is especially vulnerable due to his companies’ heavy reliance on government support. Auto industry expert Sam Abuelsamid commented wryly, “Trump doesn’t have a history of retaliating against rivals, so maybe this just blows over.” But he quickly shifted tone, pointing out that Musk's empire “depends heavily on government support,” leaving it exposed. Although both sides could suffer in a prolonged standoff, Musk appears to have more at stake. Tesla’s Robotaxi Rollout at Risk The fallout comes just ahead of Tesla's much-anticipated autonomous taxi test in Austin, Texas — a critical move as electric vehicle sales slow in many markets. Trump could influence federal regulators to intensify oversight just as Tesla needs momentum. Even prior to Thursday’s public spat, the National Highway Traffic Safety Administration (NHTSA) requested data on how Tesla’s self-driving technology performs in low-visibility conditions. This followed a probe into 2.4 million vehicles with Tesla’s Full Self-Driving software after incidents including a pedestrian fatality. NHTSA confirmed the investigation is ongoing and reaffirmed its commitment to road safety. Republicans urge Donald Trump and Elon Musk to end their feud Meanwhile, the Department of Justice is also examining Tesla vehicle safety, though it has not provided recent updates. Investor enthusiasm around Tesla’s robotaxis had lifted the stock by 50% in recent weeks, but the feud with Trump triggered a 14% drop on Thursday. Shares rebounded 4% on Friday. “Tesla’s rally was largely driven by excitement over robotaxis,” said Morningstar analyst Seth Goldstein. “This Trump-Musk conflict could put a damper on that.” Carbon Credit Sales in Jeopardy Tesla’s lucrative carbon credit business is another area at risk. While often overlooked, this revenue stream surged 33% to $595 million in Q1 — despite falling overall earnings. However, as Musk and Trump exchanged barbs on Thursday, Republican lawmakers added provisions to Trump’s proposed budget to remove fines for fuel-inefficient cars. That change could reduce demand for Tesla’s regulatory credits, which are sold to automakers needing to meet emissions standards. Although Musk has minimized the credits' importance, any reduction would still hurt, especially amid ongoing Tesla boycotts tied to his past alignment with Trump. Potential for Sales Revival — or More Trouble Musk’s political leanings have alienated environmentally conscious consumers, contributing to Tesla’s sales challenges. If his break with Trump is perceived as genuine, some buyers may return — though this remains uncertain. Previously, analysts speculated Tesla could grow its market in conservative “red” counties, but sentiment has since shifted. “There’s more uncertainty than clarity after Thursday,” said TD Cowen analyst Itay Michaeli, who recently lowered his Tesla price target from $388 to $330. The stock closed Friday at $300. Tesla has not issued a statement on the situation. SpaceX and NASA: A High-Stakes Standoff Trump’s threat to slash government funding for SpaceX is especially significant. The $350 billion private company, central to NASA’s space missions, could be impacted if contracts are cut. SpaceX currently operates the only U.S. spacecraft — the Dragon capsule — capable of sending astronauts to and from the International Space Station. Losing this capability would leave NASA with a politically difficult fallback: relying on Russia’s Soyuz capsules. Musk responded provocatively, suggesting SpaceX might decommission Dragon, though he later appeared to walk back the comment in a follow-up post on X. Starlink’s Global Business in the Spotlight Musk warns he may shut SpaceX Capsule vital to NASA Starlink, SpaceX’s satellite internet division, may also face repercussions. Its recent wins — including service approvals in Saudi Arabia, Bangladesh, Pakistan, India, and other countries — may have benefited from Musk’s previously close relationship with Trump. India, where 40% of the population lacks internet access, approved a major Starlink license on Friday. Whether politics played a role in these deals remains unclear. Ad Recovery on X Could Stall X, the platform formerly known as Twitter, has seen advertisers slowly return after initially fleeing due to Musk’s tolerance for conspiracy content. Some of that recovery may have been driven by concerns over alienating conservative audiences. Musk has labeled the advertiser pullout an “illegal boycott” and sued several companies. The Trump administration even launched a Federal Trade Commission probe into possible coordination. Now, if Trump distances himself from Musk, it could make X a liability again for brands. “There’s a real risk that X could become toxic again for advertisers,” said Cornell political scientist Sarah Kreps. “But a mass exit isn’t guaranteed — it all depends on how serious and prolonged the conflict becomes.” Source: With inputs from news agency 

As the Republican Party braces for aftershocks from President Donald Trump's spectacular clash with Elon Musk, lawmakers and conservative figures are urging détente, fearful of the potential consequences from a prolonged feud. At a minimum, the explosion of animosity between the two powerful men could complicate the path forward for Republicans' massive tax and border spending legislation that has been promoted by Trump but assailed by Musk, reports AP. “I hope it doesn’t distract us from getting the job done that we need to,” said Rep. Dan Newhouse, a Republican from Washington state. "I think that it will boil over and they’ll mend fences.” As of Friday afternoon, Musk was holding his fire, posting about his various companies on social media rather than torching the president. Trump departed the White House for his golf club in Bedminster, New Jersey, without stopping to talk to reporters who shouted questions about his battle with Musk. “I hope that both of them come back together because when the two of them are working together, we’ll get a lot more done for America than when they’re at cross purposes,” Sen. Ted Cruz, a Texas Republican, told Fox News host Sean Hannity on Thursday night. Sen. Mike Lee, a Republican from Utah, sounded almost pained on social media as Trump and Musk volleyed insults at each other, sharing a photo composite of the two men and writing, "But … I really like both of them.” “Who else really wants @elonmusk and @realDonaldTrump to reconcile?” Lee posted, later adding: “Repost if you agree that the world is a better place with the Trump-Musk bromance fully intact.” So far, the feud between Trump and Musk is probably best described as a moving target, with plenty of opportunities for escalation or detente. US defence secy warns Indo-Pacific allies of 'imminent' threat from China One person familiar with the president’s thinking said Musk wants to speak with Trump, but that the president doesn’t want to do it – or at least do it on Friday. The person requested anonymity to disclose private matters. In a series of conversations with television anchors Friday morning, Trump showed no interest in burying the hatchet. Asked on ABC News about reports of a potential call between him and Musk, the president responded: “You mean the man who has lost his mind?” Trump added in the ABC interview that he was “not particularly” interested in talking to Musk at the moment. Still, others remained hopeful that it all would blow over. “I grew up playing hockey and there wasn’t a single day that we played hockey or basketball or football or baseball, whatever we were playing, where we didn’t fight. And then we’d fight, then we’d become friends again,” Hannity said on his show Thursday night. Acknowledging that it “got personal very quick,” Hannity nonetheless added that the rift was “just a major policy difference.” House Speaker Mike Johnson projected confidence that the dispute would not affect prospects for the tax and border bill. “Members are not shaken at all,” the Louisiana Republican said. “We’re going to pass this legislation on our deadline.” He added that he hopes Musk and Trump reconcile, saying “I believe in redemption” and “it's good for the party and the country if all that's worked out.” But he also had something of a warning for the billionaire entrepreneur. “I’ll tell you what, do not doubt and do not second-guess and don’t ever challenge the president of the United States, Donald Trump,” Johnson said. "He is the leader of the party. He’s the most consequential political figure of this generation and probably the modern era.”

Opponents of President Donald Trump and billionaire Elon Musk plan to rally across the US on Saturday to protest the administration's actions on government downsizing, the economy, human rights and other issues. More than 1,200 “Hands Off!” demonstrations have been planned by more than 150 groups, including civil rights organisations, labour unions, LBGTQ+ advocates, veterans and fair-elections activists. The protests are planned for the National Mall in Washington, DC, state capitols and other locations in all 50 states. The White House did not return an email message seeking comment about the protests. Trump has promoted his policies as being in the best interest of the US. Protesters are assailing the Trump administration's moves to fire thousands of federal workers, close Social Security Administration field offices, effectively shutter entire agencies, deport immigrants, scale back protections for transgender people and cut federal funding for health programs. Trump grants 2nd extension for TikTok to remain operational in US Musk, a Trump adviser who owns Tesla, SpaceX and the social media platform X, has played a key role in government downsizing as the head of the newly created Department of Government Efficiency. He says he is saving taxpayers billions of dollars. Activists have staged nationwide demonstrations against Trump or Musk multiple times since the new administration took power. But the opposition movement has yet to produce a mass mobilization like the Women's March in 2017, which brought thousands of women to Washington, DC, after Trump's first inauguration, or the Black Lives Matter demonstrations that erupted in multiple cities after George Floyd's killing in 2020. Organisers say they hope Saturday's demonstrations will be the largest since Trump returned to office in January.

South African President Cyril Ramaphosa dismissed claims that white people are being persecuted in the country, calling it a "completely false narrative" in his latest attempt to refute allegations from US President Donald Trump, Elon Musk, and some white minority groups in South Africa. Elon Musk, born in South Africa, has frequently accused the country's Black-led government of being anti-white. Over the weekend, he reiterated a claim on social media that some South African political figures are “actively promoting white genocide.” South African NGOs fear HIV treatment disruptions amid Trump’s aid freeze In his weekly address, Ramaphosa urged South Africans not to let external events divide them. He particularly emphasized the need to challenge the "completely false narrative" that the country is targeting individuals of a specific race or culture for persecution. Though Ramaphosa did not name names, his statement appeared to be a direct response to accusations made by Trump and others that South Africa is deliberately mistreating the white Afrikaner minority by encouraging violent attacks on their farms and introducing a law to seize their land. These allegations were central to an executive order Trump issued last month, which cut funding to South Africa’s government while offering refugee status to Afrikaners in the U.S. Afrikaners, descendants of Dutch and French colonial settlers, played a key role in South Africa’s apartheid government, which oppressed non-white populations. However, since apartheid ended in 1994, South Africa has made significant progress in reconciling its racial groups. Musk, in his social media post on X, referred to a rally in South Africa where leaders of a far-left opposition party, the Economic Freedom Fighters, sang a song with the lyrics “Kill the Boer, the farmer.” The term "Boer" refers to Afrikaners. South African miner recalls horrors of months spent underground “Very few people know that there is a major political party in South Africa that is actively promoting white genocide,” Musk wrote, linking to a video of the rally. The Economic Freedom Fighters, South Africa's fourth-largest party in Parliament, opposes Ramaphosa's African National Congress. It received 9.5% of the vote in last year’s elections and has been criticised for inflaming racial tensions, particularly for singing the song, which was used during apartheid as a call to resist oppression. The song's modern-day use has sparked controversy in South Africa. While some parties and groups, including an Afrikaner association, challenged its use in court, it was ruled as hate speech and banned more than a decade ago. However, in 2022, a court determined that it was not hate speech and protected under free speech as it did not incite violence. Since Trump's executive order, the South African government has been working to correct what it says is misinformation surrounding the issue of white farmers, who sometimes fall victim to violent attacks. While the government condemns these attacks, experts argue there is no evidence of widespread targeting of whites. They suggest that such attacks are part of South Africa's broader violent crime rates, which affect all races. The Afrikaner group has claimed that farm homicides have been underreported by the police. For instance, it reported eight farm homicides in the three-month period between October and December last year, while the police recorded only one. During the same period, South Africa's police reported a total of 6,953 homicides nationwide.

Actor Ayo Edebiri has criticised billionaire Elon Musk for amplifying false claims about her being cast in a Pirates of the Caribbean reboot. The Bear star revealed she received an overwhelming number of death threats and racial slurs due to the misinformation spread by Musk.  The rumour originated from a right-wing account on X (formerly Twitter), which falsely claimed that Edebiri would replace Johnny Depp in the popular franchise. Musk reshared the post, commenting, “Disney sucks.” His endorsement of the unverified claim led to widespread backlash against the actor.  Edebiri responded by sharing Musk’s tweet on her Instagram Stories, calling him a “fascist” and an “idiot” for promoting fake news that subjected her to severe harassment. Amazon Prime to stream Trump's 'The Apprentice' reality show “Just remembering when I got some of the most insane death threats and racial slurs of my life (maybe not the #1 moment, but definitely top 3) for a fake reboot of a movie I had never even heard of because of this man. LMAO. So not only is he double s**g h**l-ing [sieg heil-ing] fascist, he’s an idiot. But anyway,” she wrote.  The rumour had not been reported by any credible Hollywood outlet or confirmed by the franchise’s producers.  Pirates of the Caribbean Reboot Update  The Pirates of the Caribbean series, featuring Johnny Depp as Captain Jack Sparrow, grossed over $5 billion globally. While producer Jerry Bruckheimer confirmed plans for a reboot in 2024, no official casting or production details have been announced. With inputs from HT

Following widespread outages on Monday that prevented thousands of users from accessing X, Elon Musk said that the social media platform was under a "massive cyberattack." “We face attacks daily, but this one was executed with substantial resources,” Musk stated in a post. “Either a large, coordinated group and/or a nation is involved. Tracing …” Musk clashes with Polish FM over Starlink in Ukraine; calls him ‘small man’ Later that day, during an appearance on Fox Business Network’s Kudlow, Musk mentioned that the attackers’ “IP addresses originated in the Ukraine region,” though he did not elaborate on the implications. However, cybersecurity experts quickly noted that this does not necessarily indicate that Ukraine was the source of the attack. Security researcher Kevin Beaumont wrote on Bluesky that Musk's statement lacked a crucial detail—"the IPs actually came from all over the world, not just Ukraine.” Beaumont identified the attack as a Mirai variant botnet, comprising compromised cameras. While he could not determine who was responsible, he remarked that it “smells of APTs—advanced persistent teenagers.” Allan Liska from cybersecurity firm Recorded Future further explained that even if “every IP address that targeted Twitter today came from Ukraine (which is unlikely), they were most likely compromised devices controlled by a botnet run by an unknown third party, which could be operating from anywhere.” Reports of outages surged at 6 a.m. Eastern Time and again at 10 a.m., with over 40,000 users unable to access X, according to tracking website Downdetector.com. By the afternoon, the number of complaints had declined to the low thousands. A prolonged disruption lasting at least an hour began at noon, primarily affecting the U.S. coastal regions. Downdetector.com reported that 56% of the reported issues were related to the X app, while 33% were linked to the website. Nissan tests driverless cars on busy Japan city streets Without access to X’s internal technical data, verifying Musk’s claims is impossible, and the probability of the company releasing such information is “pretty low,” according to Nicholas Reese, an adjunct instructor at New York University’s Center for Global Affairs and an expert in cyber operations. Reese suggested that it was unlikely a nation-state was behind the attack, given the relatively short duration of the outages—unless it was intended as a precursor to something more significant. “There are essentially two types of cyberattacks—some are meant to be highly visible, while others are designed to be stealthy,” he explained. “The most valuable attacks tend to be the quiet ones. This incident was clearly meant to be noticed, which almost certainly rules out state actors. The benefit they would gain from such an attack is minimal.” Reese also speculated that a group may have intended to make a statement by disrupting X but noted that a temporary outage “doesn’t seem like much of a statement.” “It only becomes meaningful if it’s followed by further action, which I wouldn’t dismiss at this stage,” he added. In March 2023, when the platform was still known as Twitter, it suffered a series of technical glitches for over an hour, causing broken links, login failures, and image-loading issues. Meanwhile, “X outage” was trending on rival platform Bluesky, with users welcoming newcomers and encouraging them to stay. Musk, who acquired the platform in 2022, is also Tesla’s CEO. While overseeing X, he maintains access to U.S. government data systems—frequently sporting a T-shirt that reads “tech support.”

Attorneys for federal workers said Monday in a lawsuit that billionaire Trump adviser Elon Musk had violated the law with his weekend demand that employees explain their accomplishments or risk being fired. The updated lawsuit, which was filed in federal court in California and was provided to The Associated Press, is trying to block mass layoffs pursued by Musk and President Donald Trump, including any connected to the email distributed by the Office of Personnel Management on Saturday. The office, which functions as a human resources agency for the federal government, said employees needed to detail five things that they did last week by end of day on Monday. “No OPM rule, regulation, policy, or program has ever, in United States history, purported to require all federal workers to submit reports to OPM,” said the amended complaint, which was filed on behalf of unions, businesses veterans, and conservation groups. It called the threat of mass firings “one of the most massive employment frauds in the history of this country.” Musk, who is leading the Republican president's efforts to overhaul and downsize the federal government, continued to threaten federal workers on Monday morning even as confusion spread through the administration and some top officials told employees not to comply. Trump, Musk’s cost-cutting drive echoes Clinton’s ‘Reinventing Government’—but with key differences “Those who do not take this email seriously will soon be furthering their career elsewhere,” Musk posted early in the morning on X, his social media platform. He also escalated Trump's demand for employees to stop working remotely. “Starting this week, those who still fail to return to office will be placed on administrative leave,” Musk posted. The latest round of turmoil began over the weekend, when Trump posted on Truth Social, his social media website, that “ELON IS DOING A GREAT JOB, BUT I WOULD LIKE TO SEE HIM GET MORE AGGRESSIVE." Musk followed up by saying “all federal employees will shortly receive an email requesting to understand what they got done last week.” He claimed that "failure to respond will be taken as a resignation.” The directive echoed how the billionaire entrepreneur has managed his own companies. The Office of Personnel Management sent out its own request afterwards. “Please reply to this email with approx. 5 bullets of what you accomplished last week and cc your manager," the message said.