Elon Reeve Musk – pressnews

[ad_1] Billionaire Elon Musk in typical fashion took to X, formerly known as Twitter, to announce his intention to attend Teknofest in Turkey next year.Turkish President Erdogan welcomed Musk's commitment. The X conversation between the two was sparked by Musk extending his congratulations to the teams competing in Teknofest. The technology festival has evolved into a prominent platform for showcasing Turkey's aerospace and technology advancements. The online interaction transpired shortly after the two men met in New York to discuss potential collaborations in artificial intelligence and the potential establishment of a Tesla factory. Erdogan Meets Musk and Asks Him to Open Tesla Factory in TurkeyTeknofest, an annual Aerospace and Technology Festival since 2018, plays host to various t...

[ad_1] Elon Musk's refusal to pay Twitter's rent contributed to the surge in commercial real estate loan delinquencies that Goldman Sachs Group Inc. faced in the first quarter, the Financial Times reported.Twitter stopped paying its rent in November and Musk, the world's richest man, told employees he doesn't intend to restart payments or cover those past due, the FT said, citing lawsuits. Columbia Property, which is suing Twitter over the missed payments, defaulted on the loan in February. The value of Goldman loans to commercial real estate borrowers behind on repayments climbed 612% in the first quarter to $840 million, the FT said, citing filings. That compares with a 30% increase to more than $12 billion for the entire US banking industry, the newspaper said. Columbia Property decl...

Tag: Elon Reeve Musk

Musk commits to attend President Erdogan’s technology festival

Elon Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says