Champions League title has remained agonizingly out of reach for PSG. That could be about to change
Elon Musk is refocusing on his companies Tesla, SpaceX, and xAI, amid challenges in launching robotaxis, interplanetary missions, and developing advanced AI. His polarizing political presence complicates matters, as Tesla faces declining sales. Despite setbacks, Musk aims to revitalize growth, particularly with Tesla's upcoming autonomous vehicle service and SpaceX's Starship missions, while navigating intense competition in AI and other sectors.
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Time of India
26 minutes ago
- Time of India
Moments after Trump applauds X as free speech haven, platform melts down in one of its worst outages yet
Right after Donald Trump praised X as a free speech app, it stopped working for many users. People couldn't post or see new updates. The app later said it was fixed, but this was the third major issue in a week. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs Just after Donald Trump called X a " free speech platform ", the app completely broke down. People using X said the app was only showing posts from 24 hours ago. Some users saw the login welcome screen, even if they were already logged in. Lots of people couldn't see their timelines or share any posts, according to problem began around 3:45 p.m. ET, and many users started reporting issues on Downdetector, a site that tracks app problems. At the peak, around 4:15 p.m., there were 25,000 outage reports from users around the world. X's own Developer Platform said it was a "site-wide outage" and that some parts of the API were not working. By 6:15 p.m., the number of complaints dropped, but hundreds of users were still having issues.X later said that "all systems are operational", meaning the app should be back to normal. The outage happened shortly after Elon Musk left his role as head of the fictional Department of Government Efficiency (DOGE), at the White House, according to The Daily Beast a press conference, Trump praised Musk for his work and called him someone who has given "service to America without comparison". Trump also said Musk runs 'the largest free speech platform on the internet.' This wasn't the first time X went down recently. It was actually the third outage in just over a week, as per earlier outage happened on Monday because of a fire at a U.S. data center owned by X. Another outage last week was blamed by Musk on a "massive cyber attack". Since Musk bought X in 2022, crashes and tech problems have gone up a lot. This is partly because new tech workers at X were messing with the X API, which helps other software work with X, as per The Guardian that Musk left the White House, people might think he'd have more time to fix problems at his companies, like X. But Trump joked that "Elon's really not leaving", hinting he'll still be around in some way. No official reason has been given yet for what caused this huge crash on X, as per The Daily Beast reason is unclear, but it happened shortly after his praise and during ongoing tech this was the third major crash in a week, one happened because of a fire, and another was blamed on a cyberattack.
Time of India
26 minutes ago
- Time of India
Is Tesla's robotaxi a long-term threat to Uber's business model? Wedbush Securities weighs in
Uber's stock dropped on May 29 after a report from Wedbush Securities that highlighted the potential impact of Tesla's upcoming robotaxi on the ride-hailing giant's business model, as per a report. Wedbush Sees Uber's Long-Term Competitive Threat Wedbush, with a neutral rating and an $85 price target on Uber, views Tesla's robotaxi as an eventual competitive threat, according to The Street. The company pointed out that while Uber's management has performed well in mobility and delivery, the stock is trading at a premium to peers and might have limited upside if demand declines, as per the report. Elon Musk Gives a Robotaxi Update This came after Tesla CEO Elon Musk wrote an update on the project's status in a May 29 post on social media X (previously Twitter), "For the past several days, Tesla has been testing self-driving Model Y cars (no one in driver's seat) on Austin public streets with no incidents," adding, "A month ahead of schedule. Next month, first self-delivery from factory to customer," quoted The Street. ALSO READ: Donald Trump's next targets for immigration crackdowns revealed—here's the list BMO Capital: Uber's Drop Was Expected While, BMO Capital maintained an outperform rating on "Top Pick" Uber, with a price target of $101, it revealed that Uber's underperformance after the announced robotaxi launch date was expected, according to the report. According to BMO Capital report, "Uber's shares are oversold at current levels, given Uber continues to expand internationally with the purchase of Denmark's largest taxi company, Dantaxi; continued positive trends for AV adoption in Austin; and ongoing innovation for both Mobility and Eats ," reported The Street. Live Events Uber's Autonomous Future is Already in Motion However, Uber has expanded its partnership with Alphabet's Waymo to include Austin and Atlanta for its autonomous vehicle, and it has been offering rides through Waymo in Phoenix since 2023, as per the report. While, Uber also has a partnership with Chinese autonomous vehicle company WeRide and it recently said that Uber would reach 15 cities in the next five years, including some in Europe as well as the United States, reported The Street. FAQs Why did Uber's stock fall? Investors were reacting to concerns that Tesla's robotaxi could threaten Uber's business in the future, as per The Street. Who raised the alarm about Tesla's impact on Uber? Wedbush Securities published a report saying Tesla could become a long-term competitor in the ride-hailing space, as per the report.
Economic Times
2 hours ago
- Economic Times
Internet drags Elon Musk's parting words to DOGE, calling it the most awkward goodbye in tech history
Elon Musk's farewell note after leaving the Department of Government Efficiency (DOGE) was not met with applause. Instead, the internet savagely mocked it. From broken promises to exaggerated savings claims, social media users didn't hold back in calling him panned his unverified fraud-saving claims and dubbed his departure the "most awkward goodbye in tech history." The internet wasted no time mocking Musk's dramatic demeanor and broken Donald Trump was thanked by Musk on X on Wednesday "for the opportunity to reduce wasteful spending."'The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.' As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending. The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government. — Elon Musk (@elonmusk) May 29, 2025 The tech billionaire Elon Musk claimed that DOGE would reduce the $7 trillion federal budget by $2 trillion. Only $150 billion in fraud was discovered, though, and that sum has not yet been confirmed. His farewell note was a prime target for online sarcasm because of bothersome details like that. One user said, 'The 'mission' has already failed, as you admitted; the debt will now explode.' Dearest Donald: I must leave you. Why? I cannot say. Where? You cannot know. How I will get there? I haven't decided yet. But one thing I can tell you; any time I hear the wind blow it will whisper the name... Elon. — Simpsonito (@SoySimpsonito) May 29, 2025 Someone else mocked, 'All that time and money you gave to him and you've been cast aside at the first opportunity and blamed for all their failings. The entire world could see this coming but you.''Still five year statute of limitations on your probable violations of the federal criminal conflict of interest statute,' said another user questioned, 'It seems unfair that Elon found $500 billion in annual Social Security and Medicare fraud and is leaving before telling us where it is.'A different user tweeted, 'this has damaged your brand beyond anything you can imagine.' Why are people mocking Elon Musk's DOGE goodbye? His dramatic exit and unverified claims about waste reduction made him an easy target online. Did Elon Musk actually save $2 trillion, as promised? No, only about $150 billion in fraud was reportedly discovered, and even that is unverified.
