Tag: Elon Musk

  • Karnataka Govt Beckons Elon Musk, Terms State as India’s Investment Hub

    Karnataka Govt Beckons Elon Musk, Terms State as India’s Investment Hub

    BENGALURU: The Congress-led government of the Indian state of Karnataka has extended an invitation to business magnate Elon Musk, urging him to set up businesses in the southern state. Karnataka’s Minister of Commerce and Industries, Infrastructure MB Patil, declared on Twitter that he thought Karnataka was the “ideal destination” for Tesla to expand into India.

    Patil highlighted the state’s potential and capabilities, stating, “If Tesla considers setting up a plant in India, Karnataka…is The Destination.” He emphasized that Karnataka, known for its progressiveness and thriving innovation and technology hub, is fully prepared to support Tesla and Elon Musk’s ventures, including Starlink, by providing the necessary facilities.

    “As a progressive state and a thriving hub of innovation and technology, Karnataka stands ready to support and provide the necessary facilities for Tesla and other ventures of Elon Musk, including Starlink,” Mr. Patil wrote, tagging Mr. Musk’s Twitter handle.

    Karnataka aims to position itself as a technology and manufacturing hub for the future, focusing on driving the state’s growth in technology and manufacturing 5.0 for the coming decades.

    During his ongoing state visit to the United States, Prime Minister Narendra Modi had the opportunity to meet with Elon Musk, the CEO of Tesla and SpaceX, as well as the chief of Twitter. Musk received an invitation from PM Modi, and he was urged to investigate business potential in India, notably in the quickly growing commercial space industry and electric vehicle mobility.

    Following the meeting, Elon Musk expressed his enthusiasm for India’s future, stating that he sees more promise in India than any other large country in the world. He revealed tentative plans to visit India again next year, expressing gratitude to PM Modi for his support. Musk expressed confidence that Tesla would establish a presence in India “as soon as humanly possible” and hinted at a significant investment for the country in the near future.

    Regarding the timeline for Tesla’s entry into India, Musk refrained from making premature announcements but hinted that the company could announce the location of its new factory by the end of 2023.

    To a question on when Tesla will be in India, Mr. Musk said, “We don’t want to jump the gun with an announcement, but it’s quite likely that there will be a significant investment for India in the future.”

    In addition to Tesla, Elon Musk also displayed interest in bringing his Starlink satellite-based internet services to India. Starlink, operated by Musk’s company SpaceX, offers internet connectivity via a constellation of satellites. India, recognizing the potential of the space sector, has opened its doors to private players, seeking to leverage their expertise and resources for further growth.

    With the Karnataka government extending its invitation and Prime Minister Modi’s efforts to encourage investments in electric mobility and the space sector, India appears to be on the cusp of witnessing the entry of Tesla and Elon Musk’s ventures, potentially revolutionizing the country’s automotive and technology landscapes.

  • Big tech companies may lay off more employees: Musk

    Big tech companies may lay off more employees: Musk

    San Francisco (IANS) | Twitter’s outgoing CEO Elon Musk has said that Silicon Valley companies can cut more workforce without affecting productivity. Musk laid off more than 80 per cent of Twitter employees in October-November last year. Speaking at The Wall Street Journal’s summit in London, Musk said there are a lot of people on Twitter who don’t seem to be worth much.

    That said, I think that’s true in many Silicon Valley companies. I think there is potential for significant reductions in other companies without affecting their productivity, without actually increasing their productivity.

    Musk told conference attendees that Twitter now has about 1,500 employees, adding that it’s probably a reasonable number.

    Twitter closed two of its three India offices and directed its employees to work from home. In November, Musk laid off more than 90 percent of its employees in India.

    Musk said, we need to be very radical. Only exceptional performance will constitute a passing grade.

    –IANS

  • Imran Khan’s first wife complains to Elon Musk about fake accounts of their sons

    Imran Khan’s first wife complains to Elon Musk about fake accounts of their sons

    London (IANS) | Jemima Goldsmith, the first wife of Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan, has complained to outgoing Twitter CEO Elon Musk about fake accounts in her son’s name on the micro-blogging site. He claimed that these accounts were created under a political agenda in Pakistan. In a tweet late on Thursday, 49-year-old Goldsmith said, “Thank you Elon Musk…fake accounts in the name of my child have been created by fraudsters in Pakistan for political agenda.”

    My kids are not on social media and they have no plans either.

    Goldsmith and Khan were married in May 1995, and divorced nine years later in June 2004.

    Goldsmith and Khan have two sons from this marriage – Sulaiman Isa, born in 1996, and Qasim, born in 1999.

    –IANS