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Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy. Billed as an unscripted conversation by Musk, the Spaces session will be one of the few campaign events Trump does this week. Breton warned Musk that the EU was prepared to "make full use of our toolbox" to protect EU citizens from "serious harm." Getty Images | Getty Images News | Getty ImagesSince then, Musk has made a series of incendiary comments about the situation in the U.K. on X. Riot police officers push back anti-migration protesters outside on Aug. 4, 2024 in Rotherham, U.K. Christopher Furlong | Getty Images

Persons: Elon Musk, Tesla, Apu Gomes, Linda Yaccarino, Thierry Breton, Yaccarino, Donald Trump, Musk, Kamala Harris, Keir Starmer, Ashlea Simon, Peter Kyle, Christopher Furlong Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Getty, European, X Corp, Union, Trump, Republican, Democratic, EU's Digital Services, Digital Services, Riot, British, Britain, Times Locations: Beverly Hills , California, Europe, United Kingdom, EU, Breton, Southport , England, Southport, England, Northern Ireland, Falkland Islands, Rotherham, U.K

As Tesla CEO Elon Musk continues to make lofty promises about his company's future in autonomous driving and robotics, investors keep watching profit margins deteriorate. It's the fourth straight quarter of shrinkage. The company reported just $1.48 billion in net income on revenue of $25.5 billion, which included $890 million in regulatory credits. "Affordability remains top of mind for customers," said Vaibhav Taneja, Tesla's chief accounting officer, on the company's earnings call. Tesla began offering a five-year, zero interest loan offer to spur sales of its EVs in China in April.

Persons: Elon Musk, Tesla, Vaibhav Taneja Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Nasdaq Locations: Beverly Hills , California, China, CnEVPost, Shanghai, Germany

☆ Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
▼ + stars: | 2024-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Shares of Dell Technologies and Super Micro Computer jumped Thursday after Elon Musk revealed that the two hardware makers will provide servers to help his artificial intelligence startup xAI develop a supercomputer. "Dell is assembling half of the racks that are going into the supercomputer that xAI is building," Musk said in an X post, adding that Super Micro will also be involved. Dell shares climbed more than 3% in premarket trading, while Super Micro popped roughly 5%. The technology would potentially help Tesla develop the computer vision and large language models needed for robots and autonomous vehicles. Michael Dell, CEO of Dell, said Wednesday in an X post that his firm is building a "Dell AI factory" with Nvidia to power Musk's AI bot Grok.

Persons: Elon Musk, Tesla, Musk, Michael Dell Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Dell Technologies, Micro Computer, Dell, Microsoft, Google, Nvidia Locations: Beverly Hills , California, Buffalo , New York, Austin , Texas

☆ Tesla pops 6% in premarket after Elon Musk says he is set for victory in $56 billion pay vote
▼ + stars: | 2024-06-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Shares of Tesla popped in premarket trading, after Elon Musk said shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric car maker's incorporation to Texas. Tesla shareholders have been voting on two resolutions and can have their say up to the company's annual meeting on Thursday. The first measure under consideration is whether to green light a $56 billion pay package that shareholders originally approved in 2018, before being voided by a Delaware judge in January. Musk now said that both of these resolutions are currently passing by "wide margins," without disclosing specifics or his sourcing. Critics of the pay deal argue that Musk is distracted by his other endeavors, and that the package, the largest in U.S. corporate history, is excessive.

Persons: Elon Musk, Tesla, Musk Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, CNBC, Twitter Locations: Beverly Hills , California, Texas, Delaware

☆ Norway wealth fund to vote against Musk's $56 billion Tesla pay package
▼ + stars: | 2024-06-08 | by ( ) www.cnbc.com time to read: +1 min

Norway's $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk's $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund said it appreciated "the significant value generated under Mr. Musk's leadership since the grant date in 2018". In 2018, the fund had voted against the package. The fund, which holds a 0.98% stake worth $7.7 billion according to fund data, has been critical of excessive CEO pay. Last year it voted against more than half of U.S. CEO pay packages above $20 million, warning they did not align with long-term value creation for shareholders.

Persons: Elon Musk, Tesla, Elon Musk's, NBIM Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Tesla, Norges Bank Investment Management Locations: Beverly Hills , California, Delaware, America

☆ Elon Musk’s X app ran ads on #whitepower and other hateful hashtags
▼ + stars: | 2024-06-06 | by ( David Ingram | ) www.cnbc.com time to read: +12 min

X bans the promotion or glorification of violence and has previously applied the policy to racist and antisemitic content. Before Wednesday, X appeared to have blocked at least three antisemitic hashtags, according to searches of the platform. After NBC News contacted X about the hashtags, 12 of 50 hashtags appeared to be blocked. Of the 50 reviewed hashtags, searches on X for 45 of them returned recent racist or antisemitic posts. On TikTok, 10 of the 50 hashtags returned racist or antisemitic posts, with the rest either blocked or producing other content.

Persons: Elon Musk, Tesla, Elon, Musk, X, hashtags, Adolf Hitler, Anika Collier Navaroli, TikTok, Instagram, Meta, Darren Linvill, Linvill, Megan Squire, it's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, NBC News, Twitter, NBC, Tow Center, Digital Journalism, Columbia University, Musk, Disney, Hyundai, Social, Tech, Meta, Clemson University's, Hitler, Nazi, Southern Poverty Law Center Locations: Beverly Hills , California, Europe

☆ Australia drops case against Elon Musk's social media platform X over church stabbing footage
▼ + stars: | 2024-06-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Australia on Wednesday announced it had dropped its legal battle against Elon Musk's X to have graphic footage of a church stabbing in Sydney removed from the social media platform. The dispute was widely seen as a test case for the Australian government's ability to enforce its online safety standards on the social media giants. Julie Inman-Grant, Commissioner of Australia's online safety regulator, said in a statement that after weighing "multiple considerations," she decided that discontinuing the proceedings would "likely achieve the most positive outcome for the online safety of all Australians, especially children." I stand by my investigators and the decisions eSafety made," Inman-Grant said, referencing Australia's independent regulator for online safety. Last month, the Musk-owned social media platform won a reprieve in Australia when a court refused to extend a temporary order blocking videos of a Sydney church stabbing globally.

Persons: Elon Musk, Tesla, Elon Musk's, Julie Inman, eSafety, Inman, Grant, Musk, Bishop Mar Mari Emmanuel, Australia's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Wednesday, Grant, X's Global Government Affairs Locations: Beverly Hills , California, Australia, Sydney, Australian

☆ Tesla CEO Elon Musk says he favors 'no tariffs' on Chinese EVs
▼ + stars: | 2024-05-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. PARIS, France — Tesla CEO Elon Musk said on Thursday that he doesn't support President Biden's recent announcement of a tariff on Chinese electric vehicles. "Neither Tesla nor I asked for these tariffs," Musk said during a question and answer session at the VivaTech conference Wednesday in Paris. "Tesla competes quite well in the market in China with no tariffs and no deferential support," Musk said Thursday. It's a change of tune for Musk, who suggested earlier this year that Chinese EV companies will crush competitors elsewhere in the absence of trade restrictions.

Persons: Elon Musk, Tesla, Biden's, Musk, Biden Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Revenue Locations: Beverly Hills , California, PARIS, France, Paris, China, Europe

☆ Elon Musk has lost his focus, former Tesla board member says
▼ + stars: | 2024-05-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Tesla could use more of high-profile CEO Elon Musk's divided focus at a critical juncture for the electric vehicle industry, former board member Steve Westly said Thursday. And it appears now that Mr Musk's focus is in too many areas," Westly told CNBC at the annual VivaTech conference in Paris. Tesla could use more of it," said Westly, who is managing director of venture capital firm The Westly Group and an early Tesla investor. Just how much of a liability Musk is for Tesla, however, Westly said was "for the board to decide."

Persons: Elon Musk, Tesla, Elon Musk's, Steve Westly, Westly, Jensen Huang —, he's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, CNBC Locations: Beverly Hills , California, Paris

☆ International Energy Forum Secretary General: 'The energy transition won't happen overnight'
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInternational Energy Forum Secretary General: 'The energy transition won't happen overnight'Brian Sullivan sits down with Joe McMonigle, the Secretary General of the International Energy Forum, from the Milken Institute's Global Conference in Los Angeles, to discuss energy security and the biggest challenges the industry is facing

Persons: Brian Sullivan, Joe McMonigle Organizations: International Energy Forum, International Energy, Milken Institute's Global Conference Locations: Los Angeles

☆ Tesla accused by NLRB of creating policies to chill workers' unionizing efforts in Buffalo
▼ + stars: | 2024-05-09 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla is being accused of taking steps to keep employees in Buffalo, New York, from unionizing, according to a complaint from the National Labor Relations Board. The policy restricted Tesla workers from "recording, unauthorized solicitating [sic] or promoting," and "creating channels and distribution lists," among other things, the complaint said. The Tesla Buffalo plant was supposed to manufacture solar panels, but has been used more recently to assemble electric vehicle charging equipment, and to house a team of AI software data labelers. Last month, the Buffalo plant was home to a number of job cuts put in place as part of a broader restructuring at the electric vehicle company. Tesla has also faced workers' rights challenges in Europe.

Persons: Elon Musk, Tesla, Linda Leslie, Musk Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, National Labor Relations, Buffalo, Union, Workers United, CNBC, NLRB, National Labor Relations Act, Twitter, Tesla Locations: Beverly Hills , California, Buffalo , New York, unionizing, Tesla Buffalo, Buffalo, New York, Europe, Sweden

☆ Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024. Exxon CEO Darren Woods said Monday that the dispute with Chevron over Hess Corporation 's oil assets in Guyana likely will not be resolved until 2025. "This is an important arbitration obviously not only for Exxon Mobil but for Chevron and Hess," Woods said. Exxon is claiming a right of first refusal on Hess' assets in Guyana under a joint operating agreement that governs a consortium that is developing the South American nation's prolific oil resources. The CEO has repeatedly expressed confidence that Exxon will prevail in the dispute, saying the company wrote the agreement that governs the consortium.

Persons: Darren Woods, Woods, CNBC's David Faber, Hess Organizations: Exxon Mobil Corp, P Global, Exxon, Chevron, Hess Corporation, Milken Institute's Global Conference, Exxon Mobil, Hess, International Chamber of Commerce Locations: Houston , Texas, Guyana, Los Angeles, Paris

☆ Chevron CEO says natural gas demand will outpace expectations on data center electricity needs
▼ + stars: | 2024-05-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Natural gas demand will likely outpace expectations as electricity consumption surges from artificial intelligence and data centers, Chevron CEO Mike Wirth told CNBC on Monday. "It's a little hard to quantify right now because this is evolving so quickly on the AI side," Wirth told CNBC's Sara Eisen at the Milken Institute's Global Conference in Los Angeles. "But I think demand for natural gas is likely to be higher than what people have been estimating up until now." Wirth said the move to electrify the nation's vehicle fleet, heating and manufacturing as well as the increase in demand from data centers will require reliable and affordable backup power generation. Wind and solar offer affordable power in some regions, but they still face challenges in generating enough electricity to meet peak demand because they rely on variable weather conditions, the Chevron CEO said.

Persons: Mike Wirth, Wirth, CNBC's Sara Eisen Organizations: Chevron, CNBC, Milken Institute's Global Conference Locations: Los Angeles

☆ Four of investors' top 5 favorite investment destinations are in Europe, Milken Institute report shows
▼ + stars: | 2024-03-18 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

Four of investors' top five favorite destinations are in Europe, according to the Milken Institute's Global Opportunity Index (GOI) report. The country ranked fifth in the financial services category, which evaluates the overall financial system in a nation as well as the accessibility to finance. Among Asian E&D economies, Malaysia emerged as investors' favorite and ranked 27th globally. Overall, E&D regions "offer attractive opportunities to investors interested in emerging markets with favorable growth potential," the report said. Rising tensions between the U.S. and China, however, have hit inflows to Asian E&D economies, down 75.4% in 2022, the report added.

Persons: Maggie Switek, Switek Organizations: New York Stock Exchange, Milken, Denmark, Denmark Sweden Finland United States United, The Milken Institute, The New York Times, U.S Locations: New York, Europe, Denmark, Denmark Sweden Finland United States United Kingdom, U.S, Finland, Asia, Malaysia, China

☆ LinkedIn cofounder Reid Hoffman takes another dig at Elon Musk for proposing a pause on AI development
▼ + stars: | 2023-05-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Reid Hoffman took a dig at Elon Musk over his stance on AI in a Milken Institute talk this week. Musk has signed a letter backing an AI development pause, but also wants to make a ChatGPT rival. Hoffman said, "Elon, while signing that letter, is trying to hire a whole team and stand up an AI effort." Elon Musk has some incongruous views on AI development, and LinkedIn cofounder Reid Hoffman pointed that out in a recent talk. On CNBC's "Squawk Box" last month, Hoffman said he disliked the idea of pressing pause on AI and criticized Musk over his stance on AI development.

☆ Ashton Kutcher says your company will probably be 'out of business' if you're 'sleeping' on AI
▼ + stars: | 2023-05-02 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

During a panel, Ashton Kutcher said that companies not using AI tools like ChatGPT will shutter. In fact, actor-turned-investor Ashton Kutcher is so impressed that he thinks businesses that aren't using AI tools will suffer. "If you're a company, and you're sleeping on this, you're probably going to be out of business," he said about ChatGPT during a panel at the Milken Institute's Global Conference on Monday. Education, for instance, will be revolutionized by AI, Kutcher said. Kutcher's thoughts on AI come in response to the meteoric rise of generative AI tools.

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