Notable backers in this Series B funding include Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, and Fidelity
Read MoreThis development marks the latest episode in the ongoing legal conflict between Musk and the SEC, which originated in 2018 when Musk tweeted about taking Tesla private
Read MoreThis legal tussle has ignited heated exchanges between Musk and senior Australian officials, including Australian Prime Minister Anthony Albanese
Read MoreThe legal proceedings stem from Musk’s 2022 purchase of the social media platform and involve scrutiny over whether he violated federal securities laws during USD 44 billion acquisition of Twitter
Read MoreThe original controversy began in August 2018 when Musk tweeted, "Am considering taking Tesla private at $420. Funding secured”
Read MoreMusk's X post highlights the critical importance of this investment for Tesla's competitiveness in the automotive industry
Read MoreMusk's visit to China comes a week after his visit to India was postponed due to 'Tesla obligations'
Read MoreResponding to the court's order, Musk criticised the Australian government, suggesting that the directive to remove the content was an act of censorship and an overreach of its authority
Read MoreOriginally, xAI aimed to raise USD 3 billion at a USD 15 billion valuation, but due to overwhelming demand from potential investors, these numbers were quickly revised upwards
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