Gulf Today Report
Elon Musk has lost $50 billion so far this week after Tesla Inc. shares plunged for the second day in a row. It's the biggest decline in one day after Jeff Bezos's $36 billion plunge following his divorce from MacKenzie Scott in 2019.
According to a report in a section of the Indian media, the nosedive comes amid a tumultuous few days for the carmaker. It started when Musk asked his Twitter followers over the weekend whether he should sell 10 per cent of his stake in the company. This was followed by the news that his brother Kimbal sold shares just before the poll.
To top it all, there was a report on Michael Burry, the investor who became famous after the movie, “The Big Short,” was released, saying Musk may want to sell shares to cover his loans.
The drop brings Amazon head Jeff Bezos closer to edging Musk as the world's richest person. Musk overtook Bezos for the title for the first time in January and the gulf between the two recently rifted as wide as $143 billion. Now that gap has narrowed to $83 billion.
The SpaceX CEO aired his opinions on aliens and UFOs in a discussion, saying ‘I wouldn’t be surprised if out there in our galaxy and others that there are a whole bunch of dead civilisations … that prospered for a while but then gradually their civilisations collapsed.’
The successful splashdown was a final key test of whether Elon Musk's spacecraft can transport astronauts to and from orbit — a feat no private company has accomplished before.
With just five weeks to go until the US presidential election, Elon Musk is still an undecided voter. The Tesla and SpaceX CEO offered up a cagey answer when asked if he would be voting for Donald Trump.
NASA awarded billionaire entrepreneur Elon Musk’s space company SpaceX a $2.9 billion contract to build a spacecraft to bring astronauts to the moon as early as 2024, the agency said on Friday, picking it over Jeff Bezos’ Blue Origin and defense contractor Dynetics Inc.
Qatar's Interior Ministry described the building as a four-story structure in Doha's Bin Durham neighborhood. It said rescuers found seven survivors, while the one person killed had been inside the building at the time of the collapse.
A large number of diplomatic corps, officials of the UAE, prominent business individuals and Pakistani community residing in the UAE participated in the event.
The pardon gives the released prisoners an opportunity to get a fresh start in life and reintegrate into the community, he added.