logo
Why is Errol Musk, father of Tesla CEO Elon Musk, in India for 5 days? Check details of his visit

Why is Errol Musk, father of Tesla CEO Elon Musk, in India for 5 days? Check details of his visit

Mint2 days ago

Errol Musk, the father of Tesla CEO and billionaire Elon Musk, arrived in India yesterday for a five-day visit from June 1 to June 6. Following this, he will depart for South Africa. During his stay, he will provide strategic advisory support to the solar and EV charger manufacturing team at Haryana-based Servotech, aimed at 'forging partnerships for a green tomorrow'.
Errol became a part of the global advisory board of homegrown Servotech. Servotech Renewable Power System Limited, an NSE-listed company, specialises in developing technology-driven EV charging solutions. As part of his engagement, it said Musk will "participate in a tour of Servotech's manufacturing facilities in India. He will engage with key government and investor groups through curated roundtable sessions".
'We...welcome Errol Musk to the Servotech Renewable family. His vast experience, profound global insights, and unwavering passion for groundbreaking innovation will be invaluable as we accelerate our mission to forge a greener, smarter future for India and beyond,' Managing Director Raman Bhatia stated.
He is likely to meet policymakers, business leaders, investors and senior bureaucrats from different ministries at a company event today.
"(Errol) Musk's itinerary is packed with events aimed at promoting India's strategic push to become a global leader in green technologies and EV charging infrastructure exports," PTI cited people aware of the development, adding that his trips also consists of a visit to Servotech's solar and EV charger manufacturing unit in Safiabad, Haryana, where state ministers and bureaucrats will also be present.
On June 5, World Environment Day, Servotech will host a major plantation drive in conjunction with Musk's visit, highlighting the importance of sustainability and promoting a greener environment. It said, Musk, prominent for his contributions to the fields like infrastructure, technology and sustainable development, will offer strategic advisory support to Servotech's leadership team.
'Musk will also visit Ram Janmabhoomi Ayodhya Ram Mandir to seek blessings from Shree Ram Lalla, reflecting his engagement with India's cultural and spiritual heritage," PTI quoted its sources as saying.
In a podcast appearance in February, Errol Musk criticised his son, SpaceX CEO Elon Musk, questioning his parenting. When asked whether he believed Elon was a good father, Errol said no, accusing him of relying too heavily on nannies and not spending enough time with his children. While Elon has described his childhood as difficult and lacking financial privilege, Errol disputed this, claiming that Elon attended school in a Rolls-Royce and that his children were raised in a comfortable environment.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Elon Musk turned against Donald Trump and his ‘One Big Beautiful Bill' - Here are the 5 reasons
Why Elon Musk turned against Donald Trump and his ‘One Big Beautiful Bill' - Here are the 5 reasons

Mint

time28 minutes ago

  • Mint

Why Elon Musk turned against Donald Trump and his ‘One Big Beautiful Bill' - Here are the 5 reasons

Once close allies, now at odds: Elon Musk's once-robust relationship with Donald Trump appears to be crumbling amid growing policy clashes, public criticism, and mounting fallout for Musk's companies. The turning point seems to be Trump's so-called 'Big Beautiful Bill,' a sweeping Republican legislative package that Musk claims undermines innovation and economic discipline. Here's a breakdown of the key reasons behind the falling out: Elon Musk's sharp break from Donald Trump finds its most immediate pain point in Tesla's bottom line: the proposed elimination of federal electric vehicle (EV) tax credits. Under current policy, buyers of new EVs are eligible for up to $7,500 in federal tax credits, with an additional $4,000 available for used EVs. These credits, part of the Biden-era Inflation Reduction Act, have been a critical incentive driving EV adoption—and by extension, Tesla's sales. But Trump's so-called 'Big Beautiful Bill,' backed by GOP lawmakers, aims to gut those incentives entirely for manufacturers that have already sold over 200,000 qualifying vehicles between 2009 and 2025. Tesla, by far the EV market leader, is directly in the firing line: the company sold over 336,000 vehicles in just Q1 of 2025 alone. According to JPMorgan analyst Ryan Brinkman, the removal of these credits could represent a $1.2 billion headwind for Tesla—a significant blow as the company battles slumping demand, falling profits, and political backlash from Musk's government role. So, Musk became increasingly vocal in criticising Trump's massive federal spending bill—nicknamed the 'Big Beautiful Bill.' Musk called the bill 'a disgusting abomination' and accused GOP lawmakers of abandoning fiscal responsibility. 'I was disappointed to see the massive spending bill, frankly… which increases the budget deficit… I don't know if a bill can be big and beautiful,' Musk told CBS previously. Musk's discontent escalated after Trump abruptly withdrew the nomination of private astronuat and his ally Jared Isaacman—as NASA Administrator. Trump cited 'prior associations' in his decision, which Musk might have seen as a betrayal. Isaacman had broad support in the space community and was seen as Musk's pick to align NASA policy with SpaceX's interests. His removal coincided with Musk's own exit as a 'special government employee' running the Department of Government Efficiency (DOGE). 'It is rare to find someone so competent and good-hearted,' Musk said in support of Isaacman, signaling the depth of his frustration. Elon Musk's foray into federal governance as a 'special government employee' under the Trump administration has left a lasting dent in his personal and public image. What began as a high-profile effort to 'streamline government efficiency' quickly turned into a political and reputational minefield for the billionaire CEO. As head of the Department of Government Efficiency (DOGE), Musk was tasked with cutting what the Trump administration called 'wasteful spending.' But the resulting actions—including mass layoffs in federal departments, rumored threats to Social Security and Medicare programs, and abrupt budget slashes—sparked widespread backlash. Despite Musk's repeated clarifications that DOGE had no authority over entitlement programs, public anger snowballed. 'It's a bit unfair because DOGE became the whipping boy for everything,' Musk told CBS. 'I've had people think DOGE is going to stop them from getting their Social Security check, which is completely untrue.' The political blowback triggered a sharp decline in Musk's public approval. Protests, online campaigns, and lawsuits followed, along with a string of death threats and acts of violence targeting both Musk and Tesla facilities. As public anger grew, Tesla became a target: Showrooms were vandalised Tesla vehicle sales plummeted Shares fell 50% from record highs Net worth dropped by $100 billion Musk lamented being made the scapegoat: 'DOGE became the whipping boy for everything... People thought it would stop their Social Security checks.' His candid remarks reflect a man caught between two identities—visionary entrepreneur and political appointee. 'I don't want to speak up against the administration,' he said, 'but I also don't want to take responsibility for everything this administration is doing.' Musk recently escalated pressure on the FAA to drop Verizon's $2.4 billion contract for air traffic control upgrades, claiming the system is failing. He offered Starlink as an emergency solution, suggesting the FAA should shift the contract to SpaceX. But critics flagged this as a possible conflict of interest—especially since Musk had been advising on federal spending.

Elon Musk has a SpaceX ‘challenge' for NASA's entire budget for 2026
Elon Musk has a SpaceX ‘challenge' for NASA's entire budget for 2026

Time of India

time29 minutes ago

  • Time of India

Elon Musk has a SpaceX ‘challenge' for NASA's entire budget for 2026

Elon Musk has issued a financial "challenge" to NASA, stating that SpaceX 's commercial revenue will exceed the entire budget of the government space agency in 2026. The tech billionaire, who is also the CEO of SpaceX, took to the social media platform X (earlier Twitter) to predict that the rocket maker is projected to record nearly $15.5 billion in revenue this year. This figure highlights SpaceX's increasing presence in the commercial space sector . In his X post, Musk specifically noted that SpaceX's commercial revenue from space operations in 2026 will surpass NASA 's projected budget of roughly $1.1 billion for that same year. In the X post, Musk wrote: 'Perhaps an interesting milestone: @SpaceX commercial revenue from space will exceed the entire budget of @NASA next revenue this year will be ~$15.5B, of which NASA is ~$1.1B.' How Elon Musk's SpaceX may be able to achieve this feat by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo According to a report by the news agency Reuters, while NASA continues to fund deep space exploration and scientific missions, SpaceX seems to have capitalised on rising demand for affordable launch services and satellite-based communications to drive revenue growth. SpaceX is also developing its 400-foot (122-meter) Starship rocket, which Elon Musk has said will be vital in enabling future human missions to Mars. SpaceX's reusable Falcon 9 and Falcon Heavy rockets have significantly lowered launch costs, helping the company capture a dominant share of the global launch market. In 2024, SpaceX completed 134 Falcon launches — a record-breaking achievement that made it the most active launch operator worldwide. As per the Reuters report, the company aims to surpass this milestone with 170 launches by year-end to keep up with increasing satellite deployment demand. The report also notes that much of SpaceX's revenue stems from its Starlink satellite internet service. Musk has said Starlink will go public, though no timeline has been confirmed. In November 2023, Musk announced that Starlink had reached breakeven cash flow. Thousands of Starlink satellites have already been deployed to provide global broadband coverage. Additionally, as per Reuters, SpaceX and two other partners have become leading contenders to secure a key role in the US 'Golden Dome' missile defence initiative, a project backed by President Donald Trump. Stay ready with these 7 essential medical gadgets as COVID cases rise AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Tech giant SAP asks US Supreme Court to reconsider rival's antitrust win
Tech giant SAP asks US Supreme Court to reconsider rival's antitrust win

Time of India

time34 minutes ago

  • Time of India

Tech giant SAP asks US Supreme Court to reconsider rival's antitrust win

Europe's largest software maker SAP ( has asked the U.S. Supreme Court to review a decision that said the technology giant must face a lawsuit by U.S. data technology company Teradata accusing it of violating antitrust law . SAP in a petition made public on Tuesday said a decision by the 9th U.S. Circuit Court of Appeals in California that reinstated Teradata's lawsuit will threaten American tech innovation if it is left in place. Teradata accused SAP of violating antitrust law by "tying" sales of business-planning applications with the purchase of a key SAP database that can perform transactional and analytical functions. Teradata makes a rival analytics database. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Alquilar coches de lujo nunca fue tan fácil Coches | Anuncios Publicitarios Más información Undo In its filing at the high court, SAP said the integration of software products can often benefit consumers and "represent an effort to 'compete effectively,' rather than to stifle competition." SAP declined to comment. Teradata did not immediately respond to a request for comment. Live Events San Diego-based Teradata filed its lawsuit against SAP in federal court in California in 2018. The two companies once had a joint venture, but SAP terminated it after developing its own analytics database. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories SAP won in the district court, but the 9th Circuit revived Teradata's case in December. The appeals court said there was material dispute between the companies that a jury could decide. If the Supreme Court takes the case, the justices could rule on which legal standard judges should use to weigh antitrust tying claims. Two key legal standards guide how judges resolve whether conduct restrains competition: the "per se rule," where alleged conduct is presumed illegal, and the "rule of reason," where judges balance between anticompetitive effects and a defendant's procompetitive justification. The 9th Circuit, using a version of the "per se rule," applied too stringent a standard in evaluating Teradata's claims, SAP told the justices. SAP said the appellate court's ruling clashed with how a Washington federal appeals court resolved a landmark antitrust case against Microsoft in the 1990s.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store