Founder and CEO Elon Musk announced the launch of a new project from his company Tesla, Inc. — a modular house that will be manufactured and assembled using a model similar to that used in the production of electric cars. The company has published a video announcement demonstrating the assembly of modules, the installation of “smart” systems, integration with energy infrastructure, and the possibility of quick installation on site.
According to Musk, the Tesla modular home will have a number of key features, namely:
Musk noted that “the housing of the future must be built quickly, efficiently, and with minimal impact on the environment,” and that Tesla “can do for buildings what it has done for transportation.” According to him, the first prototypes will be assembled as early as 2026, and mass production is planned to start in 2027.
The company expects modular homes to be in demand both in the US market and abroad, especially in places with rising real estate prices and housing shortages. Musk emphasized that Tesla is considering partnerships with builders and developers around the world.
Elon Musk is one of the most famous entrepreneurs of our time. Born in 1971 in South Africa, he later moved to Canada and the US. He founded or was one of the key figures in companies such as PayPal, SpaceX, and Tesla. Musk has become a symbol of “21st-century technological entrepreneurship.”
Tesla, Inc. is an American company founded in 2003 that specializes in electric vehicles, renewable energy solutions, and stationary storage. On Musk’s initiative, the company scaled up production, launched Gigafactory, and became one of the leaders in the green tech sector.
The launch of the modular home project demonstrates the expansion of Tesla’s business format — from transportation and energy to residential construction — and may become a new growth vector in the field of “smart homes” and sustainable construction.
The Starship will be the first to fly to the moon, and China will not win the moon race, said Elon Musk, founder of SpaceX.
SpaceX is “moving at lightning speed compared to the rest of the space industry,” he wrote on social media. According to Musk, Starship will be the first spacecraft to complete a full lunar mission.
The spacecraft is scheduled to land humans on the moon as part of NASA’s Artemis program in 2027. Musk wants to certify Starship for human flights as early as next year. China plans to make a manned landing on the moon in 2030.
SpaceX’s reusable rocket system consists of the Starship spacecraft and the Super Heavy launch vehicle. It is over 120 meters tall. It is taller than any other rocket ever built in the world. The Super Heavy launch vehicle is twice as powerful as NASA’s Space Launch System (SLS) heavy rocket, which is being developed for manned flights to the Moon.
The rocket has already been launched on 11 test orbital flights, five of which ended in failure.
Chinese authorities are considering selling TikTok’s US business to businessman Elon Musk if the short video service fails to challenge a ban on the use of its application in the US, Bloomberg reports, citing informed sources.
The sources emphasize that the Chinese government wants to keep TikTok under the control of its parent company ByteDance Ltd. The appeal against the ban is being considered by the US Supreme Court, but it is likely that the judges will uphold the ban.
Pending the decision, Chinese officials have begun discussing other options for TikTok’s US business. One option involves the participation in the deal of Musk, who is a close supporter of US President-elect Donald Trump. Musk also has a good reputation in China, where the largest plant of his car company Tesla is located.
According to sources, in one of the possible scenarios, control over TikTok’s US operations could go to Company X (formerly Twitter). The number of TikTok users in the US exceeds 170 million, and the acquisition of the service could help X attract advertisers. In addition, Musk has founded a separate company in the field of artificial intelligence, xAI, and it can find application for the huge amount of data generated by TikTok.
Sources note that the discussions are preliminary and no decisions have been made yet. It is also unclear how aware ByteDance is of the Chinese government’s plans, and whether ByteDance, TikTok, and Musk have had any talks about a possible deal.
Elon Musk, ByteDance, and TikTok did not respond to Bloomberg’s requests for comment, nor did representatives of China’s Cybersecurity Administration and Ministry of Commerce.
TikTok’s U.S. operations could be valued at $40-50 billion, according to Bloomberg Intelligence analysts. This is a significant amount of money even for the richest man in the world, and it is unclear how Musk could pay for such a deal. He acquired Twitter in 2022 for $44 billion and is still paying off the debt taken out to finance the deal.
Bloomberg also notes that TikTok’s business in the United States is a valuable asset that other players are also claiming. In particular, billionaire Frank McCourt and investor Kevin O’Leary have previously announced their intention to buy the business. Other contenders may include Microsoft Corp. and Oracle Corp. which is TikTok’s longtime partner in the technology sector.
Tesla founder and CEO Elon Musk has lost the top spot on the list of the world’s richest people due to a decline in his company’s shares, MarketWatch reports.
The leader in the ranking for the first time since the end of 2021 is the founder and former head of online retailer Amazon.com Inc. Jeff Bezos, whose fortune is estimated at $200 billion. Musk ranks second with $198 billion. Frenchman Bernard Arnault, the head of LVMH, is in third place with a fortune of $197 billion.
In 2024, Musk’s fortune decreased by $31 billion, while Bezos gained $23.4 billion, despite selling about 50 million Amazon shares worth about $8 billion. He still owns about 9% of the company’s securities.
Tesla’s shares fell 7.2% on Monday, and since the beginning of the year, the electric car maker’s capitalization has fallen by about a quarter. Amazon’s stock price fell by 0.4% the day before, and since the beginning of this year, the company’s market value has increased by 17%.
Elon Musk regained the first place in the list of the richest people in the world following the rise in the value of shares of Tesla Inc.
Thus, Musk again surpassed French billionaire Bernard Arnault, who was ahead of him on the list for two months, notes Bloomberg.
Tesla papers went up almost 70% from the beginning of the current year, its value rose 5.5% on Monday to $207.63. According to the Bloomberg Billionaires index, Musk’s fortune, which stood at $137 billion at the beginning of 2023, increased to $187.1 billion.
The fortune of Arnault, who controls luxury goods maker LVMH Moet Hennessy Louis Vuitton, is $185.3 billion.
American billionaire Elon Musk has unveiled the “Burnt Hair” perfume with the smell of burnt hair, which is sold on the website of his company Boring Co. priced at $100 per bottle.
Musk, who is the head of Tesla, changed his Twitter status to “Fragrance Seller” and wrote that he had already sold 10 thousand bottles of perfume, that is, a total of $ 1 million.
Earlier, the billionaire reported that Boring will introduce a men’s fragrance that will help a person “stand out from the crowd.” He joked on Twitter that it was inevitable for a man with his last name to enter the perfume business (Musk means “musk” in English).
“Why did I even resist this for so long?” he wrote.
Last week, Musk sent a letter to Twitter executives offering to complete the acquisition of the company for $44 billion, although he had previously refused this intention.
“Please buy my perfume so I can buy Twitter,” he wrote on his page on Wednesday.
The billionaire has repeatedly released playful products that his fans buy as collectibles. For example, in 2018, Boring Co., an underground tunneling company, produced 20,000 hand-held flamethrowers and raised $10 million to fund its operations.
He also offered his fans to buy Tesla-branded “short shorts” as a prank on traders who were “short” in the shares of the electric car maker. In addition, he produced tequila “Tesla”.
