Tesla scraps its cheapest Cybertruck after just five months – as it hurtles towards becoming one of the all-time biggest flops

Elon Musk has purchased $1 billion worth of Tesla stock, a move that comes as the company's board defends his compensation package. This significant investment reflects Musk's confidence in Tesla's future.

Editor’s Note: Musk's investment is a strong signal of his commitment to Tesla, especially amid discussions about executive pay. It highlights the board's support for Musk and could positively influence investor sentiment.

Tesla shares have increased following Elon Musk's $1 billion stock purchase, indicating his strong commitment to the company. This comes as the board is considering a significant pay package.

Editor’s Note: This development is important as it reflects Musk's confidence in Tesla's future and could positively influence investor sentiment, especially with the potential for a massive pay package that may attract more talent to the company.

Elon Musk has bought nearly $1 billion in Tesla stock, leading to an 8% rise in shares. This move reflects his desire for more control over the company.

Editor’s Note: Musk's significant investment in Tesla stock not only boosts his ownership but also signals confidence in the company's future. The rise in share prices indicates positive market sentiment, which could attract more investors.

Elon Musk has purchased $1 billion in Tesla stock through a revocable trust. Tesla's Chair, Robyn Denholm, expressed confidence in Musk's leadership.

Editor’s Note: This significant investment by Musk signals his strong belief in Tesla's future and leadership. It also reinforces the company's stability and growth potential, which is crucial for investors and stakeholders.

Tesla's board chair, Robyn Denholm, is advocating for shareholders to support Elon Musk's massive compensation package, arguing that he deserves it despite recent declines in sales and profits.

Editor’s Note: This matter is significant as it highlights the ongoing debate about executive compensation, especially in a company facing challenges. Denholm's defense of Musk could influence shareholder sentiment and the future of Tesla's leadership.

Tesla has decided to scrap its most affordable version of the Cybertruck just five months after its launch. This decision raises questions about the company's production strategy and market demand.

Editor’s Note: This matters because the Cybertruck was highly anticipated and its affordability was a key selling point. Scrapping this version could impact Tesla's reputation and sales, as well as consumer trust in their product offerings.

A Florida psychiatrist is leading a campaign to encourage Tesla's board to invest in Elon Musk's xAI, highlighting the potential benefits of such a move.

Editor’s Note: This initiative is significant as it reflects shareholder enthusiasm for innovative technologies and the belief that investing in xAI could enhance Tesla's future growth and competitiveness in the tech landscape.

Researchers have discovered a method to help open-source AI systems, like those used in phones and cars, retain their safety measures. By retraining these models, they can restore important protections that may have been lost.

Editor’s Note: This finding is significant as it addresses a critical issue in AI development. Ensuring that AI systems behave safely is essential for public trust and the responsible use of technology in everyday devices.

LG is enhancing its webOS platform for vehicles by introducing Xbox and Zoom apps, allowing drivers and passengers to enjoy gaming and video calls on the go.

Editor’s Note: This development is significant as it merges entertainment and productivity in cars, catering to the growing demand for in-vehicle technology that keeps passengers engaged during travel.

A new cryptocurrency super PAC has raised $100 million to support its agenda, signaling strong financial backing for the industry.

Editor’s Note: This development is significant as it highlights the growing influence of cryptocurrency in politics and the potential for shaping regulations that affect the industry.

FuriosaAI, a South Korean startup, declined an $800 million acquisition offer from Meta and showcased a new sustainable AI demonstration in partnership with OpenAI in Seoul.

Editor’s Note: This partnership highlights the growing trend of sustainable AI development, emphasizing innovation without relying on traditional GPU resources. It showcases FuriosaAI's commitment to advancing technology while maintaining environmental responsibility.

Northrop Grumman has unveiled a new spacecraft that significantly increases capacity, marking an exciting development in aerospace technology.

Editor’s Note: This new spacecraft is important as it enhances capabilities in space exploration and satellite deployment, showcasing advancements in technology and innovation.

Asus has launched the ProArt OLED PA27USD, a compact 27-inch 4K screen featuring impressive 1200nits brightness and SDI connectivity, designed for professional creative workflows.

Editor’s Note: This new display is significant for professionals in creative industries, as it combines high brightness and broadcast-grade connectivity, enhancing productivity and quality in visual projects.