Technology News

Twitter Inc's stock surged after billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share.

Musk asked Twitter users to weigh in on a plan to end Russia's war in Ukraine that drew immediate condemnation from Ukrainians, including President Volodymyr Zelenskiy, who responded with his own poll.

Musk bought himself some time, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company.

Musk showed off a prototype of its humanoid robot 'Optimus', predicting the electric vehicle maker would be able to produce millions.

Tesla Inc said it will remove ultrasonic sensors from its vehicles starting this month.

Tavares expects the semiconductor supply chain to remain tight until the end of next year.

Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.

Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.