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Elon Musk’s daily $1 million lottery for registered swing state voters who sign his super PAC’s petition falls into a legal gray area and could potentially violate election law, three experts told NBC News. Paying someone to vote or to register to vote is explicitly illegal under federal law. “This is at best very questionable legally,” said Michael Morse, an assistant professor of law at the University of Pennsylvania Carey Law School. But none of the experts who spoke with NBC News believed law enforcement is likely to stop the lottery or fine Musk before the election. “You can only register to vote in Pennsylvania until today.
Persons: , , John Fortier, Elon Musk, Michael Swensen, Michael Morse, ” “ I’ve, Nate Persily, it’s, Musk, Rick Hasen, Hasen, Justice Department’s, it’s “, Josh Shapiro, Morse, Trump, Kristine Fishell, Penn Organizations: Elon, NBC News, Musk’s America PAC, America PAC, American Enterprise Institute, NBC, University of Pennsylvania Carey Law School, , Stanford Law School, Musk’s PAC, UCLA School of, Democracy, Justice, , ” Pennsylvania Gov, Press Sunday, Department, Justice Department, Pennsylvania, Federal, Trump, Republican, New York Times Locations: Pittsburgh, ” Pennsylvania, Pennsylvania, Michigan
Elon Musk, his car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The Cybercab is Tesla’s concept of a “dedicated robotaxi” that the company says it wants to produce by 2027, and sell for under $30,000. “Alcon refused all permissions “and adamantly objected to Defendants suggesting any affiliation between BR2049 and Tesla, Musk or any Musk-owned company,” the civil suit in Los Angeles federal court alleges. Musk has promised Tesla shareholders a robotaxi for more than a decade. However, Tesla has never produced a vehicle that is safe to use without a human ready to steer or brake at any time.
Persons: Elon Musk, Musk, “ Alcon, , Alcon, Alcon’s, , Tesla, Donald Trump’s Organizations: Warner Brothers Discovery, Alcon Entertainment, Warner Brothers, CNBC, The New York Times, Musk, Donald Trump’s Republican, U.S Locations: Burbank , California, Los Angeles, Alcon
Billionaire tech mogul Elon Musk has forcefully ramped up his efforts to help re-elect former President Donald Trump, raising eyebrows across the political world and inviting questions about the legality of some of his tactics. Meanwhile, news reports have chronicled some of the issues facing America PAC, a political action committee funded by Musk to help boost Trump in the home stretch of the campaign. The two men rallied together earlier this month in Butler, Pennsylvania, where the former president survived an assassination attempt over the summer. The giveaway plan was met with immediate pushback from some election law experts. Rick Hasen, a law professor at UCLA and an NBC News election law analyst, wrote in a post on his website Saturday that the payments were “clearly illegal.”“Essentially what you’re doing is you are creating a lottery.
Persons: Elon Musk, Donald Trump, Musk, , Trump, , MAGA, , Jocelyn Benson, ” Musk, Rick Hasen, ” Hasen, Josh Shapiro, Kamala Harris, ” Trump, Harris, Mark Cuban, Cuban Organizations: Republican, America PAC, Trump, SpaceX, Tesla, GOP, Reuters, Guardian, PAC, NBC News, Systems, Dominion, UCLA, NBC, . Pennsylvania, Democrat, Press, Federal, Democratic, Cuban Locations: Pennsylvania, Arizona, Nevada, Butler , Pennsylvania, Michigan, U.S, Folsom , Pennsylvania, Philadelphia, Maricopa County, Philadelphia County, Harrisburg , Pennsylvania
Elon Musk says people should worry less about the costs of raising kids and just have them. A Pew Center survey found that the number of US adults not planning on having kids has jumped. AdvertisementElon Musk says people are too concerned about the costs of raising children and should just go ahead and have them. The Tesla and SpaceX CEO was asked at a pro-Trump rally in Harrisburg, Pennsylvania on Saturday night what advice he'd give to the younger generation about having children. AdvertisementMusk isn't the only superrich person to shrug off the costs of having children.
Persons: Elon Musk, , there's, Musk, Kevin O'Leary Organizations: Pew Center, Service, SpaceX, Trump, Bloomberg, Pew Research Center Locations: Harrisburg , Pennsylvania
Elon Musk is giving away $1 million each day to a voter who signs a petition. AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, according to election law experts. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."
Persons: Elon Musk, , Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, I'm, he's, Rick Hasen, Josh Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Musk's America PAC, Pennsylvania, Gov Locations: Harrisburg , PA, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles
A collection of stocks including AT & T and Tesla could see strong moves this week on the heels of quarterly results. Looking ahead, CNBC Pro screened for stocks that could see large moves in either direction in response to quarterly results this week, specifically by examining forecast moves based on action in the options market. The battered electric vehicle company stock has pulled back more than 11% in 2024 and is the worst performing stock in what had been the Magnificent Seven . The stock could see as much as a 6.3% move when reporting quarterly results on Oct. 23. Other stocks on the list that could see strong moves in tandem with their latest financials results included Enphase Energy and Harley-Davidson .
Persons: Tesla, JPMorgan Chase, Goldman Sachs, Elon, Musk, Davidson Organizations: CNBC Pro, AT, JPMorgan, EV, Bloomberg, Enphase Energy, Harley Locations: California, Texas
Famed short-seller Carson Block says he wouldn't bet against Elon Musk's Tesla. "I just won't bet against Elon." AdvertisementCarson Block, known for his shrewd short bets against companies, says he won't bet against Tesla. It's an about-face of sorts for Block, who said he'd bet against Tesla in the past. "I just won't bet against Elon."
Persons: Carson Block, Elon Musk's Tesla, Block, Elon, , Carson, Tesla, Muddy Waters, … Elon, Tesla's, haven't, that's Organizations: Elon, Service, Muddy, Bloomberg
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Mark Cuban on 2024 election: It's the Harris campaign vs. Elon MuskBillionaire investor and entrepreneur Mark Cuban joins 'Squawk Box' to discuss the state of the 2024 election, Elon Musk's role in the race, the Harris-Walz economic agenda, and more.
Persons: Mark Cuban, Harris, Elon, Elon Musk's, Walz Organizations: Billionaire, Elon Musk Billionaire
Vice President Kamala Harris is campaigning for president against Elon Musk at least as much as she is against former President Donald Trump, Mark Cuban said Monday, as he advocated for the Democratic nominee as the pro-business choice. "It's the Harris campaign versus Elon, not even versus Trump," the billionaire investor and former "Shark Tank" host said on CNBC's "Squawk Box." Cuban's remarks were the latest volley between the two billionaires, who have taken on increasingly prominent campaign roles while ramping up attacks against each other. Asked for his view on the latest polls, which broadly show a neck-and-neck race between Harris and Trump, Cuban said, "Nobody really knows, and so really it comes down to get out the vote." "And the crazy thing is, it's the Harris campaign versus Elon, not even versus Trump," said Cuban.
Persons: Kamala Harris, Elon Musk, Donald Trump, Mark Cuban, Harris, Cuban, Cuban's, Musk, Trump, wasn't, Donald Trump hasn't, Stephen Miller Organizations: Elon, Democratic, Trump, Tesla, SpaceX, PAC, GOP, Cuban, CNBC, America PAC, Cost Locations: Cuban, Pennsylvania, Taiwan
Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%
Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple
"Profits accelerating are far more important than who is sitting in the Oval Office," Subramanian said. Instead, the energy sector was the worst-performing sector when Trump was in office, losing 29% even as the S&P 500 surged 83%. Meanwhile, the clean energy sector rose 306% during Trump's presidency, according to data from YCharts. AdvertisementToday, the opposite is true: traditional energy stocks have been the best-performing sector during Biden's presidency, rising 139%, while the clean energy sector is the worst-performing sector, down about 55%. AdvertisementUltimately, Subramanian and her team expect the stock market to rise in 2025 regardless of who wins the election in November.
Persons: , Savita Subramanian, Subramanian, Donald Trump, Trump, Joe Biden, Elon Musk Organizations: Bank of America, Stock, Service, Capitol, Republican, White House Locations: YCharts
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRepublicans feel like they have momentum in the 2024 election, says Axios' Mike AllenAxios co-founder Mike Allen joins 'Squawk Box' to discuss the state of the 2024 election, impact of Elon Musk's role in the race, the appeal of Musk to Republican voters, and more.
Persons: Axios, Mike Allen Axios, Mike Allen, Elon, Musk Organizations: Republican
Elon Musk's private planes made eight flights to Pennsylvania this past week, flight logs show. Elon Musk's private planes took eight flights to and from Pennsylvania over the past week as the billionaire rallied voters. Elon Musk's private jet in Harrisburg on October 19. In the weeks leading up to Musk's Pennsylvania rallies, SpaceX launched its fifth Starship test flight, successfully catching the spacecraft's Super Heavy booster for the first time. While Musk has been campaigning for Trump, Tesla has been preparing for its third-quarter earnings call on Wednesday.
Persons: Elon, Donald Trump, , Musk, Trump, I've, Musk's Trump, Tesla, Mary Barra Organizations: Service, Business, Elon Musk's, New York Times, Trump, Pittsburgh, SpaceX, State College ,, Elon, Keystone Intel, State College , Pennsylvania, PAC, America PAC, Federal, General Locations: Pennsylvania, Butler , Pennsylvania, Philadelphia, Pittsburgh, State College , Harrisburg, Harrisburg, Savannah , Georgia, Hawthorne , California, Austin, California, Texas, Nevada
New York CNN —An umbrella organization of civil rights groups is alerting the public to “digital voting disinformation” and imploring social media companies to take action. Wiley’s coalition, representing more than 200 civil rights interest groups and other organizations, wants companies like Elon Musk’s X and Mark Zuckerberg’s Meta to more clearly separate fact from fiction. “Social media companies should be vigilant,” Wiley said, observing that information platforms don’t have to be overwhelmingly polluted. The Leadership Conference’s Center for Civil Rights and Technology decided to speak out after social networks were swamped with lies about Hurricanes Helene and Milton earlier this fall. The conduct of social media firms is of interest to civil rights groups; candidates and campaigns; government agencies; and election technology suppliers, just to name a few.
Persons: Maya Wiley, Elon, Zuckerberg’s Meta, ” Wiley, Musk, Donald Trump’s, Zuckerberg, Milton, , Organizations: New, New York CNN, Conference, Civil, Human, Wiley’s, Social, Republican, Conference’s Center for Civil Rights, Technology, Hurricanes, Dominion Voting Systems, Fox, Dominion, for Civil Rights Locations: New York, United States
Parag Agrawal updated his LinkedIn page with his AI startup's name for the first time: Parallel Web Systems. The ex-Twitter CEO raised about $30 million for the startup, The Information reported in January. AdvertisementThe former CEO of Twitter has moved his AI startup out of stealth mode with a previously unknown name: Parallel Web Systems. Agrawal raised about $30 million for the startup, The Information reported in January when the startup's name was still unknown. From Twitter to AI startupAgrawal was the CEO of Twitter from November 2021 to October 2022, when Elon Musk fired him following his acquisition of the platform.
Persons: Parag Agrawal, Parallel's, , Agrawal, Elon Musk, Kurt Wagner's, Wagner, Musk, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Systems, AIs, Service, Twitter, Khosla Ventures, Index Ventures, LinkedIn, Company, Shapley Inc, Business Locations: Palo Alto , California, San Francisco
Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.
Persons: Baiju Bhatt, Bhatt, Robinhood, , Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay
AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, some election law experts say. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. According to the America PAC website, the giveaway program is "exclusively open to registered voters in Pennsylvania, Georgia, Nevada, Arizona, Michigan, Wisconsin and North Carolina. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."
Persons: Elon Musk, , Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, he's, Rick Hasen, Hasen, Matthew Alvarez, Tucker, Alvarez, Trump, We're, Josh Shapiro, Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Rutan, DOJ, Musk's America PAC, Pennsylvania, Business, Gov Locations: Harrisburg , Pennsylvania, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles
Josh Shapiro on Sunday said that tech mogul Elon Musk's plan to give money to registered voters in Pennsylvania is "deeply concerning" and "it's something that law enforcement could take a look at" during an interview on NBC News' "Meet the Press." Elon Musk in Pennsylvania announced that he would give away $1 million per day to a registered voter until Election Day. Chesnot / Getty Images fileQuestions about the legality of these cash payments abounded on Saturday night, as elections law experts pointed to various provisions in federal law that prohibited making cash payments to voters. Musk and a representative for America PAC did not immediately respond to requests for comment on this story. "It seems like if this law is going to be enforced, it needs to be deterred," Hasen said.
Persons: Josh Shapiro, Elon Musk's, Musk, Shapiro, Donald Trump, He's, Elon, Chesnot, Rick Hasen, ” Hasen, Hasen Organizations: NBC, Press, PAC, Democrat, University of California, Democracy, America PAC Locations: Pennsylvania, Los Angeles
Speaking at an America PAC event in Harrisburg, Pennsylvania, Musk said, "I have a surprise for you," adding that the prize money is available "every day from now until the election." "How Pennsylvania goes I think is how the election goes," Musk said. The deadline to sign the petition is Monday night, which is the day Pennsylvania's voter registration closes. "We get crazy things," Musk said, "like SpaceX got fined $140,000 for dumping potable drinking water on the ground at Starbase." Musk only mentioned Trump sparingly throughout the evening, and didn't discuss his policies or record as president in any detail.
Persons: Elon Musk, Donald Trump, Rachel Wisniewski, Reuters Elon Musk, Musk, John Dreher, Rick Hasen, Hasen, NBC's, Josh Shapiro, Biden, Kamala Harris, Kamala, I'm, Trump, he's, Chandan Khanna, Tesla, It's, didn't Organizations: PAC Town Hall, Reuters, Trump, America PAC, SpaceX, Republican, NBC, CNBC, Pennsylvania Democratic Gov, Federal Communications Commission, Environmental Protection Agency, Federal Aviation Administration, National Oceanic, Atmospheric Administration Fisheries, SpaceX Falcon, Clipper, Kennedy Space Center, Afp, Getty, NOAA Fisheries, White Locations: Folsom , Pennsylvania, U.S, Harrisburg , Pennsylvania, Pennsylvania, Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Harrisburg, Starbase, Boca Chica , Texas, Florida
Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off, with Eutelsat satellites from California's Vandenberg Space Force Base at 0513 GMT. "This is the first OneWeb launch of the satellites since the merger," CEO Eva Berneke told Reuters in an interview. The Paris-based group formed by the merger in September last year of France's Eutelsat and Britain's OneWeb has a constellation of over 600 low earth orbit satellites that cater to broadcasters, telecom companies and radio stations. It sits there until India gets open, the day it gets open, we'll start building," Berneke said.
Persons: Eva Berneke, France's, OneWeb, Berneke Organizations: Elon, SpaceX, Vandenberg Space Force Base, Reuters, Telstra, U.S Locations: Paris, India, Saudi Arabia
Elon Musk gave a random petition signer a $1 million check on Saturday. The petition, released by his super PAC, aims to support free speech and the right to bear arms. AdvertisementElon Musk gave a $1 million check to a man who signed his petition to support free speech and the right to bear arms — and he's not stopping there. The tech billionaire kicked off the giveaways at a rally in Harrisburg, Pennsylvania, on Saturday night, handing a $1 million check to a man in the audience named John Dreher. Related storiesThe petition was launched by Musk's America PAC, a super PAC he created to support Trump using nearly $75 million of his own funds.
Persons: Elon Musk, Musk, , John Dreher, John, Dreher, TMeyWUhbrH, Elon Organizations: Service, America, Musk's America PAC, Trump, Borders, Sensible, Fair Locations: Harrisburg , Pennsylvania, Cities
“We want to try to get over a million, maybe 2 million voters in the battleground states to sign the petition in support of the First and Second Amendment. … We are going to be awarding $1 million randomly to people who have signed the petition, every day, from now until the election,” Musk said at a campaign event in Harrisburg, Pennsylvania. “This is a one-time ask,” Musk told the crowd shortly after announcing the $1 million prize. “When you start limiting prizes or giveaways to only registered voters or only people who have voted, that’s where bribery concerns arise,” said Derek Muller, an election law expert who teaches at Notre Dame Law School. Regardless of the long odds of a Musk prosecution, other respected election law experts strongly condemned the billionaire’s behavior.
Persons: Donald Trump, Elon Musk, ” Musk, , , Trump, Josh Shapiro, ” Shapiro, Derek Muller, Muller, David Becker, Becker, ” Becker, Rick Hasen, Jocelyn Benson Organizations: Washington CNN, Trump, PAC, Press, , Democrat, Notre Dame Law School, CNN, Justice Department, Election Innovation, Research, , UCLA School of Law, Democratic Locations: Harrisburg , Pennsylvania, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Pennsylvania, Harrisburg, Pittsburgh, ” Pennsylvania, Michigan
At a Pennsylvania campaign rally in early October, Trump said he wanted to see human exploration on Mars by the end of his potential second term. That sort of rhetoric, whether intentional or not, links Musk's significant technological success with Trump's own campaign. It remains to be seen, however, just how influential Musk's success at SpaceX, or his other companies, and his campaigning will be with voters who are still on the fence. SpaceXBut SpaceX's achievement and Musk's ties to Trump could give the former president added support with some undecided voters. "Elon Musk, who's having so much success driving things from the private sector, is a guy that wants success in the federal government."
Persons: Elon Musk, Trump, , It's, Donald Trump, Elon, Ohio Sen, JD Vance, Trump's, Tesla, X —, he's, Kamala Harris, Harris, Max, Anna Moneymaker, Musk, Peter Loge, Loge, Vance, Walz, Musk's, Elizabeth Chartier —, Harris —, SpaceX's Organizations: SpaceX, Service, GOP, Trump, Trump " America PAC, School of Media, Public Affairs, George Washington University, Republicans, NBC, Independents, Philadelphia Inquirer, Biden Locations: Pennsylvania, Ohio, Philadelphia, Musk's, Folsom , Pennsylvania, America, Butler , Pennsylvania, Folsom
But when you delve deeper into our database of 1.7 million car listings, all sorts of geographic quirks emerge. Yet in and around the state capital of Jackson, where per capita income exceeds the national average, five of the 10 most popular cars are Mercedes-Benzes. In Rutherford County, Tennessee, where the nearby Nissan plant cranks out 2,500 vehicles a day, four of the 10 most popular cars are Nissans. Nine of the 10 most popular cars in Spartanburg, South Carolina, are foreign — yet not a single one of them is a BMW, whose nearby plant employs 100,000 people. And in Alameda County, California, whose Fremont plant turns out most of the country's Teslas, not a single one of the 10 favorite vehicles is a Tesla.
Persons: Marin, Fremont, Elon Musk Organizations: Montana ., Jeep, Toyota, Nissan, Ford, Cadillac, BMW, Elon, Toyota Prius, VW Locations: Vermont, Montana, Arizona, California, Los Angeles, Orange, Mississippi, Jackson, San Diego, Santa Barbara, San Luis Obispo, Monterey, Santa Clara, Alameda, Rutherford County , Tennessee, Dearborn , Michigan, Michigan, Wexford, Cadillac, Spartanburg , South Carolina, Alameda County , California
Uber CEO Dara Khosrowshahi appeared on Friday's episode of the Hard Fork podcast. Khosrowshahi recently appeared on Hard Fork, a tech podcast, to discuss Uber's position in the autonomous vehicle industry. On the Hard Fork podcast, Khosrowshahi championed Waymo, saying he believed Waymo could best Tesla. Khosrowshahi spoke about Waymo's hardware during the Hard Fork podcast, saying, "I think that hardware costs scale down over a period of time. AdvertisementUber originally tried to walk the autonomous vehicle path alone, creating a self-driving car unit called Advanced Technologies Group.
Persons: Dara Khosrowshahi, Khosrowshahi, Tesla, Musk, , Tesla's, Uber, Waymo, PATRICK T, FALLON, John Krafcik, Elon Musk, Elon, Andrej Karpathy, Karpathy Organizations: Service, Waymo, Getty, Financial Times, Technologies, Aurora, Business Locations: Phoenix, Atlanta, Austin
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