Elon Musk's testimony gets heated in trial - MSN

European space agencies and private launch providers face a daunting challenge: matching SpaceX's unprecedented $62 million per launch price for its Falcon 9 rocket, a feat that hinges on Elon Musk's willingness to share critical technology and manufacturing efficiencies. The key to competitiveness lies in replicating SpaceX's reusable rocket design, which slashes costs by 70% through reduced production and launch cycles. Until then, European launch prices will remain a distant second. AI-assisted, human-reviewed.

In a rare rebuke of a high-profile tech mogul, a federal judge has imposed a $20 million fine on Elon Musk for violating a 2018 securities settlement, citing repeated and egregious non-compliance with disclosure requirements, including a tweetstorm that allegedly manipulated the stock market. The ruling marks a significant escalation in regulatory scrutiny of Musk's communication practices. The fine is the largest ever imposed on an individual for securities law violations. AI-assisted, human-reviewed.

Citroën’s €23,300 E-C3 Urban Range undercuts rivals by slashing battery costs with a 44 kWh LFP pack and a 73 kW motor, delivering 320 km WLTP range—all while retaining the brand’s signature hydraulic-cushion suspension. The stripped-down trim and software-limited 100 kW charging shave euros without sacrificing city usability, positioning the E-C3 as Europe’s most accessible long-range EV. AI-assisted, human-reviewed.

Electric vehicle market share gains momentum as battery costs plummet 20% YoY, with Tesla's Model Y and Hyundai's Ioniq 5 leading the charge in Q1 2026, while Chinese brands NIO and XPeng surge 50% in global sales, driven by aggressive pricing and expanding charging infrastructure in key markets. The trend is further fueled by European Union's 2035 ban on internal combustion engines. AI-assisted, human-reviewed.

Investors are reevaluating their Tesla holdings following a surprise price drop, with market analysts urging caution as the electric vehicle giant's valuation gap widens, now exceeding 50% of its market capitalization. The stock's recent volatility has sparked concerns about the company's ability to sustain its growth trajectory, fueled by escalating competition in the EV market. As a result, some experts are advising a cautious approach to Tesla's shares. AI-assisted, human-reviewed.

Xiaomi's electric vehicle ambitions are gaining traction, driven by a strategic partnership with German engineering firm, FAW-Volkswagen, to develop a bespoke EV platform leveraging the modular, scalable architecture of the MEB chassis. This collaboration will enable the Chinese tech giant to bypass traditional automotive supply chains, accelerating its planned 2027 European market entry. The move underscores Xiaomi's commitment to vertical integration in the EV sector. AI-assisted, human-reviewed.