Tesla's robotaxi program, despite CEO Elon Musk's positive framing, faces challenges including flat mileage, shrinking vehicle numbers, and ongoing safety questions. Analysts express concern over slow growth and potential regulatory hurdles, contrasting with Tesla's camera-only autonomy claims.
Elon Musk admitted getting "carried away" by politics during his alliance with Donald Trump, serving as head of Doge. In an Economist interview, he shared controversial predictions on AI, UK civil war, and the Ukraine war, reflecting on his wealth and influence.
Tesla reported Q2 earnings with profits of 31 cents per share, below Wall Street's 51-cent prediction, causing its stock to dip. Despite exceeding revenue expectations and auto sales, the company faces competition and subsidy ends, pivoting focus to AI, robotics, and autonomous driving projects like Optimus and Robotaxi.
Historian Kim Phillips-Fein's new book, "Country of Lords," examines the historical struggle against equality in America, linking figures like John Adams, Andrew Carnegie, and modern tech titans such as Elon Musk and Peter Thiel, amidst growing concerns about economic hierarchy and democracy.
Physicist Laura Grego discusses the impending changes in space usage, from tens of thousands of new satellites altering sky views to the unaddressed military and nuclear vulnerabilities in space, highlighting the need for public awareness and governance.
Elon Musk briefly became the world's first trillionaire, sparking debate about wealth inequality and oligarchy. The article satirically outlines steps to achieve such wealth, critiquing the narrative that it's solely earned through merit.
A German film, 'Citizen Vigilante,' allegedly denied a certificate for inciting violence against immigrants, saw a surge in viewership after Elon Musk posted it on X. The film, starring Armie Hammer, secured worldwide distribution following Musk's intervention.
As inflation erodes wage gains, US workers like Gilberto Rubio and Jessica Ordeñana face financial hardship, while the ultrarich, including Elon Musk, see their wealth surge. California's controversial billionaire tax measure heads to a November ballot, reflecting growing public sentiment against extreme wealth inequality.
Singapore's cooling strategy, developed by Lee Kuan Yew, is receiving praise in Europe during a deadly heatwave. Elon Musk called the late statesman a "genius" for his foresight in embracing air conditioning as temperatures break records across the continent.
Elon Musk lost his trillionaire status, dropping to $957 billion from a $1.32 trillion peak in days, due to a tech sell-off. SpaceX shares crashed over 30% and Tesla slid 5.8%, triggered by Accenture's weak guidance and broader AI bubble concerns.
Elon Musk's net worth dropped below $1 trillion, less than two weeks after achieving the milestone, due to a sharp decline in SpaceX and Tesla shares fueled by broader tech stock tumble and AI profitability doubts. He remains the world's richest person, but his wealth is highly concentrated.
SpaceX is issuing bonds for the first time to fund its AI and Starship programs, days after a record $75 billion IPO. The company holds over $100 billion in cash, but the bond sale allows it to raise capital without diluting shareholder ownership.
Prediction market traders on Kalshi give Meta CEO Mark Zuckerberg a 32% chance of becoming the world's second trillionaire, though his net worth would need to quadruple. Jensen Huang and Michael Dell also have low odds.
Elon Musk predicted China would have an AI rival to Fable 5 by Q1 next year. Zhipu AI's CEO, Tang, suggested it would be sooner. Zhipu's new GLM-5.2 model ranks second globally in front-end coding, positioning the lab third worldwide.
SpaceX's historic IPO triggered a massive surge in leveraged ETFs, with over $10 billion traded in its first week. Competing firms launched 11 ETFs, primarily targeting sophisticated traders, as demand for exposure to the space giant's stock, amplified by Elon Musk's name, exceeded expectations.
Elon Musk's SpaceX IPO, valued at $85 billion, highlights a growing economic divide and raises concerns about his immense power over technology, information, and potentially US democracy. Critics argue his wealth and influence threaten democratic principles.
Elon Musk's SpaceX IPO has sparked widespread concern among Americans about their retirement savings being tied to AI-driven companies. Many fear market instability, widening inequality, and a lack of accountability from tech giants.
Elon Musk's net worth surges to $1.27 trillion after SpaceX's IPO valuation exceeds $2 trillion, making him the world's first trillionaire. LVMH CEO Bernard Arnault comments on the distinction between company valuation and personal spendable wealth, acknowledging Musk's dominance in the rocket industry.
Pauline Hanson addresses her new MP's comments on immigration and Indigenous flags. The Albanese government offers concessions on capital gains tax changes. Iran plans maritime fees in the Strait of Hormuz, Ukraine drones strike Moscow, and Lionel Messi's family requests "humanity" amid health reports.
SpaceX's recent IPO has made Elon Musk the world's first trillionaire and the company a trillion-dollar entity. The IPO saw record-breaking trading volumes and raised $75 billion, dwarfing previous offerings. Despite its high valuation, concerns about governance and fundamentals persist.
A Pentagon official stated in a sworn affidavit that the Trump administration used Elon Musk's Grok AI chatbot to launch over 2,000 missiles at targets in Iran within 96 hours. This admission comes amid a lawsuit alleging xAI data centers illegally pollute Black communities.
SpaceX's historic $85.7bn IPO made Elon Musk the world's first trillionaire. The US government ordered Anthropic to restrict foreign access to its advanced AI models due to cybersecurity concerns. Meanwhile, a project in Latin America aims to develop region-specific AI models.
A new hard-right party, Restore Britain, led by Rupert Lowe and reportedly backed by Elon Musk, is challenging Nigel Farage's Reform UK. The party aims to attract anti-immigrant voters and is contesting a special election in Makerfield.
Elon Musk has reportedly become the world's first trillionaire, a milestone that raises significant concerns about extreme wealth concentration. Experts highlight dangers including fiscal unfairness, societal waste, and the undermining of democratic processes due to such concentrated power.
