Elon Musk’s significant financial decline has attracted attention from industry analysts. Elon Musk, the world’s richest person, has seen his net worth plunge by an astounding $120 billion in just a few weeks. The chief executive of Tesla, SpaceX and X (formerly Twitter), who now serves in a senior advisory position within the U.S. government,…
Analysts suggest that DOGE’s jurisdiction primarily covers federal contracts, whilst Indian IT firms predominantly work with state and local governments. The cancellation of federal contracts by the US Department of Government Efficiency‘s (DOGE), under Elon Musk‘s leadership, might affect consulting-focused technology firms working on discretionary US government projects. However, Indian IT companies are expected to…
Elon Musk (AP file photo) Elon Musk, whose wealth has been turbocharged since President-elect Donald Trump’s win last month, became the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual.The most recent catalyst was an insider share sale of his privately held SpaceX, which boosted Musk’s net…
Elon Musk (Picture credit: Reuters) Tech billionaire Elon Musk said on Friday that he appreciates major brands resuming advertising on his social media platform, X, after boycotting it due to ‘brand safety’ concerns. This comes after reports of several brands returning to the platform following US President-elect Donald Trump’s victory and Musk’s appointment to lead…
