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☆ Tesla stock slips after EV maker misses estimates on deliveries
▼ + stars: | 2024-10-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

In the year-ago period , Tesla reported 435,059 deliveries and production of 430,488 EVs. Last quarter, the company reported 443,956 deliveries, and production of 410,831 vehicles. Deliveries are not defined in Tesla's financial disclosures, but are the closest approximation to units sold reported by the company. Analysts were expecting deliveries of 463,310 in the period ended Sept. 30, according to estimates compiled by FactSet StreetAccount. Tesla posted its third-quarter vehicle production and deliveries report on Wednesday.

Persons: Tesla, Li Auto, FactSet StreetAccount, Ford, Tesla hasn't, Elon Musk, Donald Trump, Musk Organizations: Li, Tesla, EV, Ford, General Motors, GM, Nasdaq, Hyundai Locations: China, Seattle , Washington, US, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's decade-long journey to robotaxisFor a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. On Oct. 10, Musk is expected to reveal a new vehicle built to operate as a dedicated robotaxi. Despite numerous missed deadlines, investors and fans of the company have held out hope Musk will deliver the robotaxis he's promised. Watch the video for the full story on Tesla's journey to robotaxis to find out if Musk's vision of self-driving Teslas can turn into a reality.

Persons: Elon Musk, Musk, he's

☆ Tesla set to report Q3 deliveries ahead of robotaxi event
▼ + stars: | 2024-10-01 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

Analysts are expecting Elon Musk's automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. Tesla reported deliveries of 435,059 and production of 430,488 vehicles for the same period a year ago, before it was selling the Cybertruck. More recently, Tesla reported deliveries of 443,956 and production of 410,831 vehicles for the second quarter of 2024. Goldman Sachs last week said it expects Tesla deliveries and production "to come in-line with consensus, largely driven by the strength in the China market." Tesla brand erosionSome customer interest in buying Tesla vehicles has been chilled by the brand's strong association with Musk.

Persons: Elon Musk, Tesla, Elon, FactSet StreetAccount, Wells, Goldman Sachs, tacking, Musk —, —, he's, Donald Trump, Musk, Mike DeWine Organizations: Trump, Tesla's, EVs, Warner Bros, Baidu, SpaceX, Associated Press, CNN, NBC News, The New York Times, Twitter, The Washington Post, Springfield Police Division, Ohio Gov, Pew Research Locations: Manhattan , New York, U.S, China, Los Angeles, Springfield , Ohio

☆ Elon Musk's X will be allowed back online in Brazil after paying one more fine
▼ + stars: | 2024-09-27 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

The Federal Supreme Court (STF) in Brazil suspends Elon Musk's social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. X has to pay one last fine before the social network owned by Elon Musk is allowed back online in Brazil, according to a decision out Friday from the country's top justice, Alexandre de Moraes. Earlier this month, X filed paperwork informing Brazil's supreme court that it is now in compliance with orders, which it previously defied. X's legal representative in Brazil, Rachel de Oliveira, is also required to pay a fine of 300,000 reals. Earlier this month, the STF froze the business assets of Musk companies, including both X and satellite internet business Starlink, operating in Brazil.

Persons: Alexandre de Moraes, Elon Musk, Brazil's, Rachel de Oliveira, de Moraes, Musk, X, STF Organizations: Federal Supreme Court, Elon, Globo, Tribunal Federal, SpaceX Locations: Brazil, Brazilian

☆ SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions
▼ + stars: | 2024-09-20 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

In May, the court ordered Musk to appear for a deposition by the financial regulators regarding the Twitter deal. Musk's deposition in the probe has been rescheduled for a date in early October at an SEC office, the filing said. Additionally, Musk and his companies have "cooperated and are cooperating with the SEC in multiple other ongoing investigations," Spiro wrote. In the messages, the Morgan Stanley contact wrote in February 2022 that Musk's Twitter stock-buying strategy was closely held. "No one knows what is going on and why but you and me," the person at Morgan Stanley wrote.

Persons: Elon Musk, The Beverly Hilton, Robin Andrews, Andrews, Alex Spiro, Quinn Emanuel, Musk, Spiro, Morgan Stanley, Jared Birchall Organizations: SpaceX, Tesla, The Beverly, The Securities, Exchange Commission, SEC, Twitter, Oklahoma Firefighters Locations: Beverly Hills , California, U.S, Los Angeles, New York

☆ Elon Musk's X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
▼ + stars: | 2024-09-19 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +4 min

Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The court said it would continue to impose “joint liability” on Starlink, the satellite internet service owned and operated by SpaceX, Musk’s aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn’t intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.

Persons: Elon Musk’s, Brazil’s, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, ”, “, Cloudflare didn’t Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, Starlink, India, Turkey, Hungary

☆ Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
▼ + stars: | 2024-09-19 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Elon Musk's X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country's supreme court on Thursday. The court said it would continue to impose "joint liability" on Starlink, the satellite internet service owned and operated by SpaceX, Musk's aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn't intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.

Persons: Elon Musk's, Brazil's, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, Cloudflare didn't Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, India, Turkey, Hungary

While top executives from Alphabet , Meta and Microsoft are headed to Capitol Hill on Wednesday for a hearing on election threats, Elon Musk's X won't be participating. A representative for Sen. Mark R. Warner, the Democratic chair of the Senate Intelligence Committee, said in an emailed statement that X "declined to send an appropriate witness." The hearing is titled "Foreign Threats to Elections in 2024 — Roles and Responsibilities of U.S. Tech Providers." On Wednesday, Musk shared a false story on X that claimed explosives were found in a car near Trump's planned rally in Long Island, New York. "Under X, they are absent and some of the most egregious activity has taken place" on the platform, Warner said.

Persons: Elon Musk's, Sen, Mark R, Nick Pickles, Pickles, Kent Walker, Nick Clegg, Brad Smith, Marco Rubio, Joe Biden, Donald Trump, Biden, Merrick Garland, Musk, Kamala Harris, Harris, Warner Organizations: Microsoft, Capitol Hill, Warner, Democratic, Senate Intelligence, X, CNBC, U.S . Tech Providers, Republican, Social Design Agency, U.S . Department, Foreign Assets, Nassau County police, SpaceX, FAA Locations: Russian, Russia, Iran, China, Long Island , New York, Nassau County

☆ Elon Musk says SpaceX will sue FAA for 'regulatory overreach'
▼ + stars: | 2024-09-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Elon Musk said SpaceX will sue the Federal Aviation Administration for "regulatory overreach" after the agency planned to fine his defense contractor for issues with two launches last year. The FAA said SpaceX used an "unapproved rocket propellant farm" for its EchoStar XXIV Jupiter mission in July 2023. In a recent blog post, SpaceX complained about "difficulties launch companies face in the current regulatory environment," specifically pertaining to "launch and reentry licensing." In addition to taking on the FAA and environmental regulators, Musk has clashed with the National Labor Relations Board. WATCH: SpaceX will sue FAA

Persons: NASA's, Elon Musk, SpaceX didn't, Musk Organizations: Polaris, NASA's Kennedy Space Center, SpaceX, Federal Aviation Administration, FAA, Cape Canaveral Space Force, NASA, CNBC, Environmental Protection Agency, Texas Commission, National Labor Relations Board Locations: Cape Canaveral , Florida, Cape, Florida, Texas, Boca Chica , Texas

☆ Brazil supreme court unfreezes assets of Elon Musk's Starlink, X after taking fines
▼ + stars: | 2024-09-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Brazil's supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk's social network. Following the transfers, the court ordered that the frozen bank accounts and assets of X and Starlink be released, saying there was no longer any need to keep them. The court suspended X at the end of August, and the suspension remains in place. On Sept. 5, his long-time collaborator at the helm of SpaceX, COO Gwynne Shotwell, also took shots at the Brazil supreme court online. Backers of de Moraes and the STF have seen the orders against X Corp. as an assertion of Brazilian sovereignty.

Persons: Elon Musk, Brazil's, Alexandre de Moraes, X, Musk, Starlink, de Moraes, UOL, Jair Bolsonaro, Bolsonaro, Brazil's Jan, Gwynne Shotwell, Alexandre Organizations: Tesla Inc, Elon, SpaceX, X Corp, Twitter Locations: Washington , DC, Starlink, Brazil

☆ Tesla Semi fire in California took 50,000 gallons of water to extinguish
▼ + stars: | 2024-09-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. The Tesla truck, driven by an employee, was headed to the company's battery factory in Sparks, Nevada, from a warehouse in Livermore, California, the report said. Tesla CEO Elon Musk first showed off the Semi truck design at an event in November 2017, promising it would come to market in 2020. "Preparation of Semi factory continues and is on track to begin production by end of 2025," Tesla said in its second-quarter earnings report in July. The NTSB report confirmed that Tesla's driver-assistance systems, which are marketed as Autopilot and Full Self-Driving (Supervised) in the U.S., were not "operational" at the time of the Semi collision and fire.

Persons: Tesla, Elon Musk Organizations: National Transportation Safety Board, NTSB, CAL Locations: Lake Tahoe, reigniting, Sparks , Nevada, Livermore , California, Nevada, U.S

Patrick T. Fallon | AFP | Getty ImagesUber announced Friday it is expanding its partnership with Alphabet's Waymo to offer robotaxi rides in Austin, Texas, and Atlanta beginning in early 2025. Uber riders in those cities can be matched with a driverless Waymo car for some trips, according to the companies. A Waymo spokesperson said it had no plans to partner with Uber in San Francisco and Los Angeles. The expansion into Austin and Atlanta won't include Uber Eats at first, according to the Waymo spokesperson, but they're exploring that possibility for the future. Some analysts were more hopeful for a potential Uber and Waymo expansion into San Francisco.

Persons: Patrick T, Fallon, Alphabet's Waymo, Uber, Tesla, Bernstein, Waymo, We're, Dara Khosrowshahi, Tekedra Mawakana, We've, Cruise, Wells, Ken Gawrelski, — CNBC's Laura Batchelor, Lora Kolodny Organizations: AFP, Getty, Uber, Waymo, Atlanta, Google Locations: Los Angeles , California, Austin , Texas, Atlanta, San Francisco, Los Angeles, Phoenix, Austin, San Francisco , Los Angeles

☆ California attorney general warns tech platforms to look out for voter deception ahead of election
▼ + stars: | 2024-09-11 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

California Attorney General Rob Bonta cautioned executives at social media and other tech companies to work harder to protect voters from "deception, intimidation, and dissuasion," ahead of the November election. The letter reviewed sections of California law that prohibit interference with voting rights by misleading people about voting place and time and by using intimidation tactics. The letter follows pop icon Taylor Swift's endorsement of Kamala Harris for president on Tuesday night following the debate. Separately, X owner Elon Musk recently shared an AI-generated image portraying Harris dressed as a communist dictator. In August, an updated version of xAI's product, Grok-2, appeared to carry few limitations on creating fake images of political figures.

Persons: Rob Bonta, Bonta, Taylor, Kamala Harris, Swift, Donald Trump, Trump, Elon Musk, Harris, Kamala, Musk, OpenAI's Dall, Musk's Organizations: Microsoft, YouTube Locations: California

☆ If GPS goes dark, Mesa Quantum has a backup plan
▼ + stars: | 2024-09-05 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

Cofounded by Mesa Quantum CEO Sristy Agrawal and CTO Wale Lawal in 2023, the company has won a $1.9 million Space Force grant to demonstrate its alternative to GPS technology in military and civilian applications. J2 Ventures cofounder and managing partner, Alex Harstrick, told CNBC his fund backed Mesa Quantum in part because of the founders' extraordinary technical background. Harstrick said his fund hopes that Mesa Quantum will have its first demonstration of mass scale "atomic clocks" (quantum timing sensors) validated by a top-tier semiconductor manufacturing partner" in the next few years. "The U.S. government has established major initiatives to spur innovation in this area and is seeking to purchase a million quantum sensors each year -- if they can simply be mass-produced," she explained. With its grant funding and seed round in place, Agrawal said, Mesa Quantum will look to grow its team in Boulder, especially hiring atomic molecular and optical physicists, engineers and manufacturing experts this year.

Persons: Truckers, Sristy Agrawal, Wale Lawal, Alex Harstrick, Agrawal, Lawal, Harstrick, He's, that's Organizations: GPS, Mesa Quantum, Space Force, J2 Ventures, CNBC, University of Colorado, National Institute of Standards, Technology, U.S . Air Force Academy, Rice University, Harvard, Mesa Quantum's Locations: Sao Paolo, Brazil, Richmond , Vermont, Ukraine, Boulder , Colorado, Boston, U.S, Boulder

☆ X blocked in Brazil after supreme court panel upholds suspension order
▼ + stars: | 2024-09-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

A panel of Brazil's federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk's social network X nationwide. X had earlier defied court requests to take down accounts or posts that it said violated Brazil's laws on political misinformation and hate speech online. The court also froze the financial assets of another Musk-led business, satellite internet service Starlink, in Brazil to ensure his social network would pay its fines. Brazil's telecoms regulator Anatel instructed internet service providers including Starlink to block access to X in the country until it complies with the court orders. However, some social media users in Brazil are moving to other social networks.

Persons: Luiz Fux, Alexandre de Moraes, X, Starlink, de Moraes, Musk, Moraes Organizations: Elon, Anatel, Labor, SpaceX, Associated Press Locations: Brazil, NATO, U.S, Australia, Turkey, India

☆ Brazil's top court orders nationwide suspension of Elon Musk's X
▼ + stars: | 2024-08-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Brazil's supreme court on Friday ordered a nationwide suspension of Elon Musk's social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal representative in the country. Hours later, the court issued a second order suspending some of the measures in its first 51-page order against X. A suspension of X in Brazil could cause business problems for Musk's already embattled company. Musk has repeatedly denounced de Moraes' court orders as censorship. In its Thursday statement, X said de Moraes court had taken "illegal actions" against the company.

Persons: Elon, Alexandre de Moraes, de Moraes, Moraes, Musk, Starlink, De Moraes, X, Voldemort Organizations: Globo, Apple, Google, Twitter, World Bank, CBS, Starlink, Musk's SpaceX, U.S, Brazil weren't Locations: Brazil, NATO, U.S

☆ Musk ramps up attacks on Brazil’s top judge as X faces possible suspension, Starlink finances frozen
▼ + stars: | 2024-08-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

X Global Government Affairs issued a statement on Thursday evening ahead of an anticipated suspension of its platform in Brazil. A suspension of X in Brazil could cause serious business problems for the already embattled social network. And under Brazil's laws, social networks there have to employ someone who can receive and consider government takedown notices about political misinformation. X has no such employee in Brazil, after the company said it was removing all its employees from the country earlier this month. Mark my words," Musk wrote to de Moraes and Musk's 195.8 million listed followers on X.

Persons: Elon Musk, The Beverly Hilton, Tesla, Alexandre de Moraes, de Moraes, De Moraes, Musk, Alexandre Organizations: SpaceX, Tesla, The Beverly, X Corp, Brazilian, X Global Government Affairs Locations: Beverly Hills , California, U.S, Brazil

☆ Elon Musk’s xAI accused of worsening Memphis smog with unauthorized gas turbines at data center
▼ + stars: | 2024-08-28 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Elon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding to the pollution problem in Memphis, Tennessee, by using natural gas burning turbines at its new data center, and doing so without a permit. The letter notes that xAI "has installed at least 18 gas combustion turbines over the last several months (with more potentially on the way)." The company has been using the turbines to power the facility, but its long-term plan is to use power from the local utility, Memphis Light, Gas and Water and the Tennessee Valley Authority. MLGW told CNBC that it started providing 50 megawatts of power to xAI at the beginning of August.

Persons: Elon Musk, Musk, xAI, MLGW Organizations: Southern Environmental Law Center, Health Department, Environmental Protection Agency, Memphis, Tennessee Valley Authority, CNBC, SpaceX, Google, Microsoft, American Lung Association Locations: Memphis , Tennessee, Shelby County, Memphis, Tennessee, Shelby

☆ UAW hits Trump, Musk with federal labor charges over union-busting comments
▼ + stars: | 2024-08-13 | by ( Rebecca Picciotto | Lora Kolodny | ) www.nbcnews.com time to read: +3 min

“You walk in, you say, ‘You want to quit?’ They go on strike,” Trump said of Musk, who is CEO of the EV car maker Tesla and SpaceX. It is illegal to fire workers who threaten to strike, because the right to strike is protected under federal labor law. “When we say Donald Trump is a scab, this is what we mean,” UAW President Shawn Fain said in a Tuesday statement on the new charges. But another major U.S. labor union, the Teamsters, has yet to make an endorsement. Tesla has clashed with union proponents for years, and Tesla workers remain without a union.

Persons: Donald Trump, Elon Musk, ” Trump, Musk, “, ’ ” Trump, Trump, Shawn Fain, Kamala Harris, Harris, Sean O’Brien, ” O’Brien, ”, Tesla Organizations: United Auto Workers, National Labor Relations Board, ’, EV, SpaceX, Twitter, UAW, CNBC, Republican, Teamsters, Republican National Convention, Companies, RNC, NLRB Locations: Milwaukee

"I look at what you do," Trump said to Musk during a two-hour interview Monday night on X, the social media platform Musk owns. They go on strike," Trump said to Musk, who also is CEO of the EV car maker Tesla and of SpaceX. So, every one of you is gone,'" Trump said. "When we say Trump stands against everything our union stands for, this is what we mean." Neither the Trump campaign nor Musk replied to CNBC's request for comment on the UAW action.

Persons: Donald Trump, Elon Musk, Trump, Musk, Shawn Fain Organizations: United Auto Workers, National Labor Relations Board, EV, SpaceX, Twitter, UAW

☆ Texas judge in X's lawsuit against advertisers recuses himself after report he owned Tesla stock
▼ + stars: | 2024-08-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

The judge overseeing X's lawsuit against advertisers has recused himself following a news report that showed he owned shares of Tesla . In a recusal notice dated Aug. 13, U.S. District Judge Reed O'Connor in Texas backed out of X's case against the World Federation of Advertisers, which was filed last week. X, formerly known as Twitter, is owned by Elon Musk, who is also the CEO and largest shareholder in Tesla. On Monday, NPR reported that O'Connor had owned shares of Tesla in 2022, the date of his last available disclosure, posing a potential conflict of interest. In X's lawsuit, the company accused a number of advertisers of engaging in antitrust behavior when they stopped ad campaigns on the site.

Persons: District Judge Reed O'Connor, Elon Musk, O'Connor, weren't, Ed Kinkeade, Sen, John Cornyn Organizations: Tesla, District, World Federation, Elon, NPR, Companies, Unilever, Mars, CVS Healthcare, Orsted, WFA, Global Alliance, Responsible Media, X, Media Matters, America Locations: U.S, Texas, Tesla, Europe, North Texas, China

☆ SpaceX repeatedly polluted waters in Texas this year, regulators found
▼ + stars: | 2024-08-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

"In total, the Harlingen region received 14 complaints alleging environmental impacts from the Facility's deluge system," the regulator said in the document. Water deluge systems with flame deflectors diffuse heat, sound and energy generated by orbital test flights and rocket launches. SpaceX ran its first full-pressure test of the water deluge system in July 2023. The company hit new milestones with the test flight and Musk appeared triumphant. NASA chief Bill Nelson congratulated SpaceX on "a successful test flight!"

Persons: SpaceX's, TCEQ, Elon Musk's, Musk, Bill Nelson, SpaceX, Eric Roesch, Roesch Organizations: Boca, Aerospace, SpaceX, Federal Aviation Administration, CNBC, Texas Commission, Environmental, Environmental Protection Agency, Elon Musk's SpaceX, Boca Chica, FAA, EPA, NASA Locations: Brownsville , Texas, U.S, Boca Chica, Harlingen, South Texas, Starbase, Texas, Mars

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

☆ Missouri voters pass constitutional amendment requiring increased Kansas City police funding
▼ + stars: | 2024-08-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Missouri voters have once again passed a constitutional amendment requiring Kansas City to spend at least a quarter of its budget on police, up from 20% previously. “We don’t defund them.”Kansas City leaders have vehemently denied any intention of ending the police department. Kansas City is the only city in Missouri — and one of the largest in the U.S. — that does not have local control of its police department. “We consider this to be a major local control issue,” said Gwen Grant, president of the Urban League of Greater Kansas City. That statute remained in place until 2013, when voters approved a constitutional amendment returning police to local control.

Persons: Sen, Tony Luetkemeyer, “, ”, Gwen Grant, Quinton Lucas, Claiborne Fox Jackson, St . Louis, Lloyd Crow Stark, Tom Pendergast, Lora McDonald, Lucas, defund Organizations: Kansas, “, Republican, ” Kansas City, Kansas City, Urban League of Greater, Voters, Gov, Kansas City police, Metro Organization for Racial, Economic Equity, NBC Locations: Missouri, Kansas City, “ In Missouri, ”, Kansas, U.S, Urban League of Greater Kansas City, St ., United States, Jefferson City

☆ Uber reports better-than-expected results for second quarter
▼ + stars: | 2024-08-06 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

For the third quarter, Uber expects bookings of $40.25 billion to $41.75 billion. Uber's "monthly active platform consumers" (MAPCs) reached 156 million in the second quarter with 2.77 billion trips via the Uber platform. This compares to 137 million MAPCs and 2.28 billion trips during the same period a year ago. Uber also reported $1.02 billion in net income for the quarter, which included a $333 million pre-tax benefit from "revaluations of Uber's equity investments." The companies also plan "to collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform," Uber said on Tuesday.

Persons: Dara Khosrowshahi, Uber, Gross, Instacart, Tesla Organizations: Uber, LSEG Revenue, Bank of America Locations: Davos, Switzerland, Europe, Latin America, U.S

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