Elon Musk and Tesla Continue Blood Bath of Layoffs

Tesla is moving to Texas

In a stunning turn of events, SpaceX's Falcon 9 rocket aborted its launch just seconds after engine ignition on Friday, halting the deployment of 22 Starlink satellites. This dramatic scrub marks the third postponement for the mission amid adverse weather, leaving SpaceX to scramble for a new launch date while potentially disrupting its packed schedule, including the upcoming Astra 1P satellite launch.

In this week's "Elon Musk Weekly News Update," we dive into the latest headlines from Tesla, SpaceX, X (formerly Twitter), and Neuralink. Discover Tesla's newest electric vehicle advancements and how they're pushing the boundaries of innovation. Get the scoop on SpaceX's ambitious missions and future plans for space exploration. Stay updated on Neuralink's groundbreaking work in brain-machine interface technology. Plus, learn about the latest developments at X. It's your go-to source for all the exciting news about Elon Musk and his groundbreaking ventures. Hey! We'll both earn $50 when you join Current and receive a qualifying Direct Deposit. Terms apply. Just use my link or code when signing up. Code: WILLIAMW243 ⁠⁠⁠⁠https://current.com/get-started/?creator_code=WILLIAMW243⁠

The Starship system is a fully reusable, two‑stage‑to‑orbit super heavy‑lift launch vehicle under development by SpaceX. The system is composed of a booster stage named Super Heavy and a second stage, also called "Starship"

Tesla (TSLA.O), shareholders approved CEO Elon Musk's $56 billion pay package, the electric vehicle-maker said on Thursday, a big thumbs-up to his leadership and an enticement for keeping his focus on his biggest source of wealth.

X's rollout of private likes for all users marks a significant shift towards enhancing user privacy and promoting authentic engagement on the platform. This change, alongside updated policies on adult content, reflects X’s broader strategy to create a safer, more inclusive digital environment.

The vote will determine Musk’s future role at Tesla and could influence the company’s direction amid ongoing challenges. Investors must weigh Musk’s potential departure against his leadership contributions and Tesla’s needs. The decision will shape Tesla’s path forward in the competitive electric vehicle market and its broader technology ambitions.

The Starship system is a fully reusable, two‑stage‑to‑orbit super heavy‑lift launch vehicle under development by SpaceX. The system is composed of a booster stage named Super Heavy and a second stage, also called "Starship"

The Boring Company’s Cybertunnel at Giga Texas exemplifies Elon Musk’s vision for integrated, innovative solutions across his enterprises. With the tunnel set to be operational by July 2024, it promises to enhance production efficiency and streamline logistics for Tesla's Cybertruck, while also showcasing the potential of TBC’s tunneling technology for various applications.

Tesla's shareholders will soon decide on Musk's $56 billion pay package, weighing the company's achievements against the criticisms of excessive compensation and Musk's numerous other responsibilities.