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Elon Musk's tunneling company The Boring Co. announced a $23 billion valuation late Wednesday, alongside plans to expand into the Middle East. The firm, spun out of SpaceX in 2018, currently operates just one public loop in Las Vegas while pursuing roughly a dozen other city projects, including a contested 20-mile tunnel system under construction in Nashville.
Elon Musk's tunneling venture The Boring Company closed a $3 billion Series D funding round led by the United Arab Emirates, valuing the company at $23 billion. As part of the deal, the company plans to build more than 150 kilometers of tunnels in the UAE. Other investors include Andreessen Horowitz, Sequoia Capital, Human Capital, Vy Capital and Valor Equity Partners.
A new four-hour documentary by Alex Gibney, which premiered at the Venice Film Festival, includes interviews with Elon Musk's first wife Justine Musk, who says he referred to the mothers of his children as interchangeable "breeders." She also described incidents of gaslighting, including Musk misremembering who was holding their infant son when he died of SIDS, and recalled him calling himself "the alpha" at their wedding. Musk has publicly dismissed the film as a "hit piece."
Tesla has begun distributing a 'Robotaxi interest form' encouraging entrepreneurs to buy fleets of its two-seat Cybercab and share ride revenue with the company as it expands robotaxi operations in Austin. The push follows Elon Musk's long-standing claims that self-driving Tesla vehicles could become passive income machines for owners.
Eli Regalado, a Denver-based marketer with a checkered business history including a felony record and a marketing agency accused of overpromising clients, is described as central to a crypto investment scheme in which he claimed divine instructions guided his decisions. Investors who trusted the religious framing reportedly lost their money, according to accounts from former colleagues and clients who described a pattern of charisma masking unreliable follow-through.
Documentarian Alex Gibney's new film 'Musk' debuted at the Venice Film Festival, offering an extensive, unflinching look at Elon Musk's business practices and personal controversies. Reports indicate Musk attempted to suppress the film, including allegedly offering ex-partner Ashley St. Clair $40 million to stay silent about her role in it. St. Clair, one of four women connected to the documentary, publicly disclosed the alleged offer to journalists at the festival.
An Amazon Prime Air Boeing 767-300 overran the runway at Miami International Airport on Sunday, tearing through a chain-link fence and striking a ground crew and an SUV before stopping just feet from a lot of parked Tesla Cybercabs. Five people were killed in the crash. Elon Musk's only public response so far has been a one-word tweet, 'Weird.'
Tesla halted supply of its Solar Roof tiles in August, telling certified installers it would only ship standard solar panels going forward. Contractors say they spent weeks in specialized training and completed supervised installations to become certified, only to be left with sunk costs once Tesla pulled the product after roughly 3,000 total US installations over seven years.
Tesla is circulating an interest form asking businesses whether they want to purchase and operate their own Cybercab fleets on its robotaxi network, splitting revenue with the company. This mirrors a promise Elon Musk made back in 2019, when he claimed owners could earn up to $30,000 a year in gross profit by putting their cars on the 'Tesla Network,' a plan that never materialized for any owner.
Elon Musk argued on X that chess has only a small number of meaningful moves and predicted the game would eventually be fully solved by computers, similar to checkers. Chess.com's official account pushed back with a blunt 'skill issue' reply, prompting a back-and-forth in which Musk doubled down and speculated that a future superintelligence could compress and solve the game in ways humans can't grasp.
US District Judge Donovan Frank has again ruled against Elon Musk's xAI in its effort to halt Minnesota's law banning AI tools that create non-consensual sexualized images. The judge denied xAI's preliminary injunction request, finding the company failed to prove it would suffer irreparable harm while its First Amendment lawsuit against the state proceeds. Minnesota's law, effective since August 1, imposes fines of $500,000 per unlawful image access, penalties xAI argues could total billions of dollars.
Tesla began operating its first Cybercabs, which have no steering wheel or pedals, on Austin streets, but the National Highway Traffic Safety Administration launched an investigation just hours later. Only 45 Cybercabs are currently registered in Texas, and CEO Elon Musk was notably absent from the vehicle's public debut event, which drew a muted response from investors.