Feds paid $9.5 billion in leave costs in 2025 due to DOGE buyout
According to a Government Accountability Office (GAO) report published Tuesday, the use of paid administrative leave increased by 435% from 2023 to 2025.
Watch CBS News
According to a Government Accountability Office (GAO) report published Tuesday, the use of paid administrative leave increased by 435% from 2023 to 2025.
The tech-heavy Nasdaq slumped 147 points on Monday after AI company executives called for a slowdown in developing the technology.
The Government Accountability Office found that DOGE overestimated its savings, among other issues.
SpaceX will release its first earnings report as a public company on Tuesday in a key test for the company's stuttering stock price.
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
OpenAI CEO Sam Altman took the witness stand Tuesday to defend his business record in a trial pitting him against Elon Musk, rebutting testimony that disparaged his leadership at a pivotal time for the ChatGPT maker.
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Elon Musk, the Tesla CEO, world's richest man and OpenAI's cofounder, took the stand Tuesday in a high-stakes trial revolving around a bitter feud between himself and former friends Sam Altman and Greg Brockman that could reshape the future development of artificial intelligence.
The trial comes at a pivotal moment for AI, a technology poised to bring advancement that could also drastically reshape humanity.
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
In a post on X Saturday, Musk offered to pay the salaries of TSA workers during the DHS shutdown.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
Elon Musk took the stand in a San Francisco courtroom Wednesday in a trial where he is accused of making false statements about Twitter to allegedly drive down the stock price of the social platform before his 2022 purchase.
Elon Musk reached a deal to buy Twitter in April 2022. On May 13, 2022, he declared his plan "temporarily on hold" over the number of spam and fake accounts on the platform. Twitter's stock tumbled as a result.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
Other Tesla vehicles also struggled to attract buyers, with sales of its X, S and Y models all sinking from the previous year.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
