With SpaceX shares soaring on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.
Two Times tech reporters and their editor talk about assessing the sky-high valuation of the rocket and satellite maker, the potential economic impact of its public debut and the role of the world’s richest man in it all.
Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.
Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Mr. Musk’s ally.
California truckers have expressed strong interest in the Tesla Semi because it costs much less and can travel further on a charge than electric trucks sold by established manufacturers.
A few seconds of selfie awkwardness between Elon Musk and Lei Jun, a prominent Chinese entrepreneur, has spread like wildfire on China’s social media.
Mr. Musk is part of a delegation of business leaders to China, where his interests include Tesla’s electric vehicle factory and solar panels.
Confronting the weirdness of a Waymo future.
Confronting the weirdness of a Waymo future.
The rocket maker has been a useful financial tool for Mr. Musk, providing the billionaire with loans and aiding his struggling companies, a Times examination found.
The rocket maker has been a useful financial tool for Mr. Musk, providing the billionaire with loans and aiding his struggling companies, a Times examination found.
Elon Musk’s electric vehicle company said that it needs to spend big on artificial intelligence and robots. Wall Street is worried about the bill.
The company is investing in robots and self-driving taxis that are not yet generating significant sales.
The megabillionaire was tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting Donald Trump’s re-election, according to a Times examination.
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
The electric vehicle maker’s shares are near record highs as Wall Street focuses on the company’s plans for robots and self-driving cars.
The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
The president’s hostility to E.V.s is hurting U.S. automakers.
As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
The political polarization of battery-powered cars may have started when Toyota released its first hybrid model 25 years ago.