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☆ Elon Musk is about to reveal Tesla's Robotaxi. Uber and Lyft should be nervous.
▼ + stars: | 2024-10-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Tesla is expected to unveil a new service at its Robotaxi event that will impact Uber and Lyft. The ride-hailing industry has so far been dominated by two major players — Uber and Lyft — and Gawrelski said Tesla's Robotaxi could mark a new challenger jockeying for market share. Uber, Lyft, and Tesla did not immediately respond to a request for comment. Ives said Tesla's Robotaxi event will be a historical day for the auto industry — and it will pressure Uber to seek out more partnerships. In September, Waymo announced that its Waymo One ride-hailing service would be available to users in Austin and Atlanta exclusively through the Uber app.

Persons: Tesla, Uber, —, Elon Musk's, Musk, There's, Wells, Ken Gawrelski, Gawrelski, there's, Morgan Stanley, — Uber, Lyft, Tesla's, jockeying, he's, Wolfe, Shweta Khajuria, Robotaxis, Khajuria, Waymo, Dan Ives, Ives, FSD, Cruise, Dara Khosrowshahi, Khosrowshahi Organizations: Service, Hollywood, Elon, Wolfe Research, EV, Los Angeles, Starbucks Locations: Austin, Atlanta, San Francisco, Phoenix, Los

☆ Tesla CEO Elon Musk reveals details and timing of Cybercab production
▼ + stars: | 2024-10-10 | 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 EmailTesla CEO Elon Musk reveals details and timing of Cybercab productionTesla hosts its 'We, Robot' event on Thursday at Warner Bros. Discovery's movie studio in Burbank, California. Tesla CEO Elon Musk said the Cybercab will go into production in 2026 and will cost less than $30,000.

Persons: Elon Musk Organizations: Warner Bros Locations: Burbank , California

☆ Tesla CEO Elon Musk on Optimus robot: This will be the biggest product ever of any kind
▼ + stars: | 2024-10-10 | 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 EmailTesla CEO Elon Musk on Optimus robot: This will be the biggest product ever of any kindTesla hosts its 'We, Robot' event on Thursday at Warner Bros. Discovery's movie studio in Burbank, California. Elon Musk said the company has made a lot of progress on its Optimus robot and that it will eventually cost between $20,000 and $30,000. He said it will be able to "be a teacher, babysit your kids, walk your dog, mow your lawn, get the groceries...Whatever you can think of it will do." The robots walked among the crowd at the event.

Persons: Elon Musk Organizations: Warner Bros Locations: Burbank , California

☆ Elon Musk unveils his ‘Cybercab’ robotaxi
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The event featured models of the robotaxi as well as a Robovan, a driverless vehicle designed to carry a larger group of people or items. TeslaBut the delay seemed to matter little to the in-person crowd waiting for the chance to ride in the 50 self-driving vehicles that were cruising around the studio lot. Tesla has long offered what it calls Full Self-Driving or FSD, currently priced at $8,000, as an option on its cars. Musk has insisted that the company’s data shows that FSD is already safer than cars driven by humans. ‘Overly optimistic’This is certainly not the first time that Musk has laid out ambitious time frames for his plans for self-driving cars.

Persons: Elon Musk, Musk, Tesla, “, ”, FSD, ” “, Gene Munster, it’s, ” Munster Organizations: New, New York CNN, Warner Bros, Deepwater Asset Management, CNN Locations: New York, California, Texas

☆ Tesla CEO Elon Musk on the Cybercab: You will be able to buy one for below $30,000
▼ + stars: | 2024-10-10 | 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 EmailTesla CEO Elon Musk on the Cybercab: You will be able to buy one for below $30,000Tesla hosts its 'We, Robot' event on Thursday at Warner Bros. Discovery's movie studio in Burbank, California. Elon Musk revealed details of its autonomous Cybercab, saying it will cost less than $30,000. He expects the Cybercab to be in production in 2026 and that Tesla will make the vehicle in "very high volume."

Persons: Elon Musk, Tesla Organizations: Warner Bros Locations: Burbank , California

☆ TikTok was the best place to tune into Hurricane Milton coverage
▼ + stars: | 2024-10-10 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

As Hurricane Milton hit, TikTok was filled with live streams from people in Florida. But even though there were plenty of live videos, it was hard to follow for breaking news. As night fell and power outages swept the coast, I watched live streams of palm trees swaying in the dark rain. And indeed, TikTok found controversy for Hurricane Milton. That was far different from on X, which previously used to be the best place to get live news.

Persons: Hurricane Milton, TikTok, —, Milton, Elon Musk, X, Dan Rather's, Anderson Cooper, BillWeirCNN, EZNnpz3K6e, Brian Stelter, Caleb, Hurricane Helene, didn't, Caroline Calloway, Ross, Donald Trump, Max Read, TikTok isn't Organizations: Hurricane, Service, Elon, CNN, BI, Twitter Locations: Florida, Hurricane, North Carolina

☆ Elon Musk unveils the "Cybercab" at Tesla robotaxi event
▼ + stars: | 2024-10-10 | 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 EmailElon Musk unveils the "Cybercab" at Tesla robotaxi eventTesla hosts its 'We, Robot' event on Thursday at Warner Bros. Discovery's movie studio in Burbank, California. Elon Musk rolled up to the stage in what he said was a "Cybercab" with no steering wheel or pedals. Tesla has produced 21 of these vehicles, he said, characterizing them as "fully autonomous."

Persons: Elon Musk, Tesla Organizations: Warner Bros, Elon Locations: Burbank , California

☆ 3 questions about Tesla's robotaxi that Elon Musk needs to answer
▼ + stars: | 2024-10-10 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

AdvertisementThe stakes are high heading into Tesla's Robotaxi Day on Thursday night in California. AdvertisementAs is typical, Musk's promise that the robotaxi business was taking shape offset a major earnings miss and helped juice Tesla's languishing stock price. Spak wrote. With all this in mind, Jonas isn't sure Musk can live up to investors' high expectations. Advertisement"Tesla's future valuation is highly dependent on its ability to develop, manufacture, and commercialize autonomous technologies," Jonas wrote.

Persons: —, Elon Musk, Tesla's Uber, Musk, Joseph Spak, Spak, didn't, Tesla, Morgan Stanley, Adam Jonas, Jonas, Tesla's FSD, there's, Jonas isn't Organizations: Service, Investors, Tesla, UBS, Hertz, California Department of Motor Vehicles Locations: Tesla's, California, Robotaxi, Los Angeles

☆ I toured a $65 million Gulfstream G650ER private jet like the one bought by Michael Jordan to see how the ultra-rich travel
▼ + stars: | 2024-10-10 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

The Gulfstream G650ER is one of the world's fastest and longest-range business aircraft. Michael Jordan appears to have taken delivery of the $65 million private plane in October. Go to newsletter preferences Thanks for signing up! AdvertisementMichael Jordan appears to have purchased a $65 million Gulfstream G650ER— the same type of jet owned by billionaire business tycoons like Elon Musk and Jeff Bezos. The G650ER is among the world's longest-ranged and fastest purpose-built private jets in existence.

Persons: Michael Jordan, —, Elon Musk, Jeff Bezos Organizations: Gulfstream, Service, Palm Beach International Airport, Federal Aviation Administration, MJ Air LLC, Jump Management Locations: Palm

Josh Shapiro confirmed to NBC News on Wednesday that he spoke with tech mogul Elon Musk on Sunday — but said politics never came up. NBC News reported Tuesday that Musk called Shapiro while he was at the Pittsburgh Steelers-Dallas Cowboys game in Pittsburgh over the weekend. Shapiro acknowledged the political rift between him and Musk, saying, “We obviously didn’t talk about politics” on Sunday’s call. Musk himself is set to campaign in the state on behalf of Trump, a fact Trump highlighted at a rally Wednesday in Scranton, Pennsylvania, where he called Musk “fantastic.”“He’s going to do a lot. Musk, the CEO of Tesla and owner of X and SpaceX, has ties to the state since he attended the University of Pennsylvania.

Persons: Josh Shapiro, Elon Musk, Musk, Shapiro, Thomas Tull, “ Thomas, Elon, ” Shapiro, Kamala Harris, “, Trump, ” Trump, Harris, Tesla, ” Organizations: NBC News, Pittsburgh Steelers, Dallas Cowboys, Steelers, State Parks ., Trump, PAC, America PAC, ”, Musk, United Auto Workers, National Labor Relations Board, SpaceX, University of Pennsylvania Locations: Pa, — Pennsylvania, Pittsburgh, Hollywood, Pennsylvania, Centre County, Scranton , Pennsylvania, Butler, Scranton

Somebody said, ‘You should be nice sir, women won’t like it,’” Trump said, adding: “The women want safety.”He then described an apocalyptic America if he loses. While the economy was the ostensible theme of the rally, Trump went on an array of tangents. He went on a riff about billionaire ally Elon Musk’s “doing jumping jacks” at a recent rally with him in Butler, Pennsylvania. Ahead of Trump’s speech, Harris spokesperson Ammar Moussa said in a statement that Trump was “projecting weakness, not strength,” by sticking to safe environments. Debbie Hendrix, a Scranton native who attended Trump’s rally wearing a “MAGA” hat, said she’s cautiously optimistic but unsure Trump will win the state.

Persons: Donald Trump, Kamala Harris ’, Marxist ”, “, ‘, ” Trump, “ Kamala, Joe Biden, Trump, Harris, Barack Obama, ” “ Kamala, ”, rescinding, Harris —, —, Biden, Elon Musk’s, Robert Hur didn’t, Hunter, he’s, Adam Schiff, Ammar Moussa, Donald Trump’s, ” Moussa, Debbie Hendrix, MAGA, she’s Organizations: Democratic, Marxist, Electoral, Green New Deal, Biden, Social Locations: SCRANTON, Pa, America, Pennsylvania, Pittsburgh, United States, Butler , Pennsylvania, ”, Russia, Madison, New York City, New Jersey, Virginia, New Mexico, Minnesota, Scranton

Vice President Kamala Harris' presidential campaign operation crossed the $1 billion fundraising threshold in September, two months after she took over as the Democratic Party's 2024 standard bearer, according to two people familiar with the numbers. That figure includes money raised by the campaign committee itself and by a campaign-affiliated joint fundraising committee that also collects cash for the Democratic National Committee and state parties. The staggering pace suggests Harris has been able to sustain enthusiasm among donors, large and small, as the campaign enters the stretch run before the Nov. 5 election. Presidential campaigns tend to take in more money as an election nears, but a clip of roughly half a billion dollars a month is unheard of. Harris has opened up a huge cash advantage over her Republican rival, Trump, who had raised just $309 million for his campaign through the end of August.

Persons: Kamala Harris, Harris, Donald Trump, Trump, — Organizations: Democratic, Democratic National Committee, Elon Musk's, Center for Responsive Politics, Republican, GOP Locations: Harris

Hurricane Milton makes its way toward Florida. Hurricane Milton plows toward FloridaFlorida is, once again, bracing for a direct hit as Hurricane Milton approaches the state and the window to evacuate closes. A storm surge of up to 15 feet is forecast along a stretch of the coast that includes Tampa, St. Petersburg and Sarasota. Florida is especially vulnerable to storm surge because “it doesn’t take much to push water over land that would be dry,” said Cody Fritz, the Storm Surge Unit Team Lead at the National Hurricane Center. “Where?”Follow our live blog for the latest forecasts and information about Hurricane Milton.

Persons: Milton, Harris, Trump, Hurricane Milton, ”, Cody Fritz, Helene, they’re, “, ‘, ’ ”, Mark Prompakdee, Read, Sen, Sherrod Brown, Chuck Todd, Elon Musk, Josh Shapiro, Musk, Trump’s Butler, Benjamin Netanyahu, Lloyd Austin, Yoav Gallant, Joe Biden, Lisa Marie Presley, it’s Grazer, Ethel Kennedy, Robert F, Kennedy, Tama, David Ingram, — Elizabeth Robinson, Elizabeth Robinson Organizations: NBC, National Hurricane Center, Storm Surge, Twin, NBC News, Hurricane, More Hurricane Milton, Trump, Democratic, Trump ”, Saints, Republicans, White, Tech, Pennsylvania Gov, Washington D.C, U.S . Defense, Israeli, ISIS, Border Patrol, Biden, Alaska Locations: Florida, Arizona, Hurricane, Florida Florida, Tampa, St, Petersburg, Sarasota . Florida, St . Petersburg, Twin City, Hurricane Milton, More, battlegrounds, Phoenix, Utah, Ohio, Trump’s Butler , Pennsylvania, Washington, U.S, Iran, Afghan, Oklahoma, America, San Francisco

☆ Wells Fargo's trade ideas for the fourth quarter - including shorting Tesla
▼ + stars: | 2024-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

One of several Wells Fargo top trading ideas for the fourth quarter of 2024 is shorting Elon Musk's electric vehicle company, Tesla . One of Wells Fargo's top recommendations is to short Tesla , betting that the stock will fall. These dynamics, alongside improved earnings momentum, could make Las Vegas Sands an "idiosyncratic, self-help story plus a Macau/China macro play." LVS YTD mountain Las Vegas Sands stock. Wells analyst Elyse Greenspan expects improving organic revenue growth, free cash flow conversion and expanding profit margins will drive the stock higher.

Persons: shorting Elon, Wells, Colin Langan's, Langan, bady, Dan Politzer, Politzer, Willis Towers Watson, Watson, Elyse Greenspan, Willis Organizations: Wells Fargo, U.S, Presidential, Amazon, Micro, Sands, Vegas Sands Locations: Wells, Macao, Macau, China, Vegas

☆ X Is back up and running in Brazil after it caved and paid a fine — because there are some battles Elon Musk can't win
▼ + stars: | 2024-10-09 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

X can operate in Brazil again, after an August ban over noncompliance with court orders. But its return to Brazil was further delayed after the court said that X had transferred the $5 million to the wrong bank. In X's Wednesday X post, the company said that it would continue to defend free speech "within the boundaries of the law." Related storiesThe country is key to X's business — it's the sixth-largest market globally, with over 21.5 million users, Reuters reported in September. X did not respond to a request for comment sent by Business Insider outside business hours.

Persons: —, Elon, Alexandre de Moraes, X, Musk, de Moraes, De Moraes, Matteo Ceurvels, eMarketer, Axel Springer Organizations: Service, Supreme, Reuters, Associated Press, Business, Business Insider Locations: Brazil, China

☆ Cybertruck owners share their likes and dislikes as Tesla's pickup approaches its first birthday
▼ + stars: | 2024-10-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

Business Insider interviewed 10 Cybertruck owners to hear what they thought of the vehicle. Business Insider spoke to 10 Cybertruck owners about their experience with the EV and the most notable parts of owning it. Several also owners told BI that the company could improve its customer support — whether it was being more transparent about delays or communicating updates. Cybertruck owners feel like celebrities — but you might get the finger while drivingWhile it doesn't happen often, getting flipped off seems to be a right of passage of sorts for most Cybertruck owners. Most of the interactions tend to be positive though, many of the owners told BI.

Persons: Tesla, —, It's, Elon Musk, Kim Kardashian, Elon, Anthony Ardizzone, Royce —, Ardizzone, Jeremy Judkins, Lamar, Tommy Huynh, Austin, Stephen Kapusta, Jason Burtman, Jay O'Brien, he's, Joe Fay, Cybertruck, Getty, John Keeble Charlie Redmond, he's Elon Musk's, Lamar MK, O'Brien, Kapusta Organizations: Business, Service, EV, Honda, Royce, Getty, BI, Orlando Locations: Jupiter , Florida, North Carolina, Harrisburg , Pennsylvania, Kansas City , Missouri, Austin, Piermont , New York

☆ Elon Musk’s X cleared to resume service in Brazil after it obeys court orders
▼ + stars: | 2024-10-09 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Brazil’s Supreme Court cleared X to resume service in the country Tuesday, after the social media platform reversed course and started complying with court rulings that billionaire owner Elon Musk had previously vowed to resist. Supreme Court Justice Alexandre de Moraes, who had been locked in a months-long feud with Musk, gave X the green light to resume operations in Latin America’s largest country effective immediately. In the decision, Moraes said X had met all the necessary requirements to start operating again in the country. Moraes, in his Tuesday decision, ruled that Brazil’s telecommunications regulator Anatel must work to allow X to come back online within 24 hours. A new X representative, lawyer Rachel de Oliveira Conceicao, was tapped in late September, when X also said it had started to block accounts ordered by the court.

Persons: Elon Musk, Alexandre de Moraes, Musk, Moraes, X, ”, ” Juscelino Filho, Luiz Inacio Lula da Silva, “, Rachel de Oliveira Conceicao Organizations: Twitter, Global Affairs, Supreme, Meta Locations: Brazil’s, Brazil, Australia, United Kingdom

☆ Elon Musk's Las Vegas tunnel system has a trespassing problem
▼ + stars: | 2024-10-09 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Elon Musk's Las Vegas tunnel network has faced at least 67 trespassing incidents since 2022. Musk's Boring Company wants to expand its Vegas network to create a 68-mile loop. AdvertisementElon Musk's Las Vegas tunnel network has a trespassing problem. Related storiesThe Boring Company's Las Vegas tunnel opened in 2021. The Boring Company and Las Vegas Convention and Visitors Authority did not respond to a request for comment, sent outside normal working hours.

Persons: Elon, —, Musk's, Boring, Elon Musk Organizations: Musk's Boring Company, Service, Las Vegas Convention, Fortune, Visitors Authority, Elon, Boring Company, Boring Locations: Las Vegas, Teslas

☆ Kamala Harris has raised $1 billion since launching presidential campaign
▼ + stars: | 2024-10-09 | by ( Fredreka Schouten | Edward-Isaac Dovere | ) edition.cnn.com time to read: +2 min

CNN —Vice President Kamala Harris’ political team has raised $1 billion since entering the presidential race in late July, two sources familiar with the figure told CNN – marking a massive fundraising milestone in her campaign against former President Donald Trump. Other presidential candidates, alongside their political parties, have exceeded the $1 billion mark in past elections. The Harris campaign declined to comment. Presidential campaigns will report full details of their September fundraising and spending to the Federal Election Commission later this month. The $1 billion figure for Harris was first reported by NBC News.

Persons: Kamala Harris ’, Donald Trump, Harris, “, ”, Sarah Bryner, OpenSecrets, Trump, Elon Musk Organizations: CNN, Democratic, Federal, Commission, Republican Party, Trump, Make, Inc, Elon, NBC News

☆ OpenAI is accusing Elon Musk of harassing the startup. It's the latest escalation in a long-running feud.
▼ + stars: | 2024-10-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

OpenAI has fired back at Elon Musk's latest lawsuit. Musk's lawyers have argued that OpenAI executives "deceived" him into cofounding the company. AdvertisementIn response to Musk's lawsuit, OpenAI called it the latest move in Musk's "increasingly blusterous campaign to harass OpenAI for his own competitive advantage." "OpenAI is dedicated to the safe and beneficial development of artificial general intelligence ("AGI")," OpenAI's lawyers said in a court filing on Tuesday. A long-running feudIn March, Musk first sued OpenAI on similar grounds but later dropped the suit in June.

Persons: OpenAI, —, Musk, Tesla, Sam Altman, He's, xAI, Ilya Sutskever's, Mira Muta, Ilya Sutskever Organizations: Elon, Service, Musk, Business, Microsoft Locations: Musk's

It’s not unusual for the Federal Emergency Management Agency to have to respond to rumors surrounding any given natural disaster. This week, President Joe Biden requested a memorandum from his team on the federal government’s digital response, including how officials were remediating misinformation, a senior administration official told CNN. “The contours of this misinformation are unlike anything we’ve seen before,” a senior administration official told CNN. CNN previously reported that there were 30 midair near-collisions involving noncommercial flights in the immediate aftermath of Hurricane Helene on Saturday, September 28. FEMA personnel on the ground receive threatsThe snowballing of false information on the heels of Hurricane Helene has also directly affected those on the ground.

Persons: Hurricane Helene, Elon Musk, Donald Trump, It’s, Joe Biden, Hurricane Milton, Biden, Trump, we’ve, ”, “, Pete Buttigieg, CNN’s John Berman, ” Buttigieg, Musk, Buttigieg, “ We’re, Helene, Chuck Edwards, ” Edwards, Steve Reaves, ” Reaves, Reaves, Sandy, Maria, Alejandro Mayorkas, ” Mayorkas, ” John Cohen Organizations: CNN, Biden, White, Federal Emergency Management Agency, Hurricane, Federal Aviation Administration, FAA, Department of Transportation, Twitter, SpaceX, Trump, FEMA, North Carolina Division of Aviation, Asheville Regional Airport, GOP, Republicans, House Homeland Security, Congress, American Federation of Government Employees, Homeland, Wednesday, DHS Locations: Hurricane, Florida, it’s, North Carolina, Asheville, Rutherford, Western North Carolina, Fort Worth , Texas, Carter County , Tennessee

☆ See Michael Jordan's new private jet, a $65 million Gulfstream G650ER with a flamboyant custom paint job
▼ + stars: | 2024-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Michael Jordan appears to have taken delivery of a Gulfstream G650ER. AdvertisementMichael Jordan appears to have taken delivery of a new private jet worth around $65 million. A Gulfstream G650ER with a flamboyant custom paint job, including the Jumpman logo, was filmed on the tarmac at Palm Beach International Airport in a video uploaded to TikTok on Monday. It also has space for its own bedroom, but it's unclear exactly how the interior of Jordan's jet is configured. According to JetSpy data, Jordan's G650ER has flown 13 times in the past two weeks, most of which appear to be related to the delivery process.

Persons: Michael Jordan, Elon Musk, Mark Zuckerberg, —, TikTok, Jeff Bezos, Jordan —, Jordan, G650ER Organizations: Gulfstream, Palm Beach International, Service, Federal Aviation, Elon, Nike, Chicago Bulls, Charlotte Hornets, Gulfstream G550 Locations: Tokyo, Florida

But Pennsylvania stands apart as the state that top strategists for both Ms. Harris and Mr. Trump have circled as the likeliest to tip the election. There are struggling industrial towns where Mr. Trump needs to maximize his vote, and smaller cities booming with Latino immigrants where Ms. Harris aims to make gains. Mr. Trump won the county in 2016 by 19 percentage points, only four years after Mr. Obama carried it narrowly. One X factor is the regional impact of the assassination attempt on Mr. Trump in Butler County. “You guys don’t know what the hell it is,” Mr. Trump said of the tax break.

Persons: Donald J, Trump, Kamala Harris, Barack Obama’s, Harris, ” Mr, Trump’s, ”, Austin Davis, JD Vance, Sean Hannity, Melania Trump, Harris’s, Doug Emhoff, Jason Isbell, “, Cliff Maloney, Haiyun Jiang, Davis, Josh Shapiro, Shonda Rhimes, Beth Hendrix, Bullishness, Doritos, Nick’s, Maddie McGarvey, Obama, Elon Musk, Abraham Reynolds, Butler, Reynolds, Mr, Michael Swensen, Andrzej Duda, fracking, Kenneth Broadbent, Broadbent, Tim Walz, Erin Schaff, Dan Kanninen, Ama Sarpomaa Organizations: Electoral, White, Pennsylvania, White House, Republican Pa, Mich, Wis ., N.C ., Democrat Republican Pa, Trump, Democratic, Fox News, Hispanic Heritage, Republican, Pennsylvania Chase, Democratic National Convention, The New York Times, Democrat, Pittsburgh Steelers, cheesesteaks, State Legislature, The New York, The New York Times Democrats, Senate, Republicans, Steamfitters, ., Google Locations: Pittsburgh, Philadelphia, United States of Pennsylvania, Pennsylvania, Michigan, Wisconsin, America, White, Ohio, Scranton, Reading, Wilkes, Barre, Illinois, Johnstown, Moon Township, Kittanning, Pa, Bucks County, Luzerne County, Butler County, North East, Butler, Ukraine, Polish, Minnesota, Rochester, Indiana, Indiana County, “, Puerto Rican, Dominican

☆ Nvidia's value soars by $400 billion in 5 days. That's more than Costco is worth.
▼ + stars: | 2024-10-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock climbed 4% on Tuesday, extending its rally to 14% in five days. The chipmaker's market value soared by $400 billion — more than Costco is worth. Its $400 billion increase in value within a week is worth underscoring. Costco, which generated $254 billion of revenue and $7.4 billion of net income last year, is worth less than that. There's been no greater beneficiary than founder and CEO Jensen Huang, whose net worth has ballooned from about $14 billion to $106 billion in under two years.

Persons: Jensen Huang, Blackwell, —, There's, Amancio Ortega, Michael Dell, Huang, Elon Musk, Mark Zuckerberg, OpenAI's Sam Altman, Oracle's Larry Ellison, Microsoft's Satya Nadella, Andy Jassy, Alphabet's Sundar Pichai Organizations: Costco, Nvidia, Service, Microsoft, Apple, Bloomberg, Big Tech

☆ Tesla is approaching its 'most hyped' event in a decade. Here's what Wall Street is expecting from Robotaxi Day.
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Tesla is about to unveil its Robotaxi, the self-driving car Elon Musk has talked about for years. Tesla will host its long-awaited Robotaxi event on Thursday, where the company is set to unveil the self-driving car Musk has teased for years. Tesla shares slumped earlier this year after Musk moved the Robotaxi event from August to October, which fueled concerns about the new technology. Tesla is hosting the Robotaxi event at Warner Bros. That venue may be able to demo the self-driving car with a Hollywood polish, analysts have said.

Persons: Tesla, Elon Musk, —, Elon, Jay Woods, They've, Woods, Musk, UBS Tesla, Wedbush, Garrett Nelson, Nelson, CFRA Organizations: Service, Freedom Capital, Schwab Network, UBS, Warner Bros, Bloomberg, Truist Securities Truist Securities, Optimus, Wedbush, Tesla, CFRA Research Locations: Hollywood

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