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Read previewMelinda French Gates and MacKenzie Scott have a lot in common besides once having been married to a billionaire tech titan. French Gates revealed in an interview with The New York Times published Sunday that she and Scott share similar parenting styles. French Gates told The Times that she and her then-husband, Bill Gates, didn't want their children to grow up spoilt and entitled. Both French Gates and Scott have gone all in with their activism and philanthropy after divorcing their ex-husbands, Bill Gates and Jeff Bezos respectively. AdvertisementRepresentatives for French Gates and Scott did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Melinda French Gates, MacKenzie Scott, Gates, Scott, Bill Gates, didn't, French Gates, MacKenzie, It's, Jeff Bezos, I've, — Elon, Musk, Joe Biden, Kamala Harris, Biden Organizations: Service, The New York Times, Times, Business, The Times, Democratic, Business Insider Locations: French
Tesla has stemmed downside risk in its electric vehicle business and is exposed to "powerful emerging drivers" related to artificial intelligence and future energy demand, leaving it a better bet than Ford as the best stock in the auto industry, according to Morgan Stanley. Analyst Adam Jonas has a $310 price target for Tesla, implying 40% upside from Friday's close of $219.80. Tesla's cost cutting and restructuring has helped lower the breakeven point at which it can generate positive cash flow, Jonas wrote. The Elon Musk-led company is also benefiting from zero emission credits that amount to $2,000 per vehicle, the analyst said. The automaker also has a strong position in the energy storage market, with investors starting to consider that Tesla may benefit from a historic increase in electricity demand, according to the analyst.
Persons: Tesla, Morgan Stanley, Adam Jonas, Jonas, Elon, ZEV Organizations: Ford, Tesla
AdvertisementDeclining birth rates have been a huge bugbear for Asian countries like Japan and South Korea. Vanessa LeeLee, who owns two dogs and a cat, said that governments may be overestimating the effectiveness of one-off interventions in bolstering birth rates. AdvertisementShe added that a shift in societal mindsets toward work and family needs to occur for her peers to consider having children. But it also doesn't guarantee that having sex brings children and that not having sex is the only reason why people are not having children," Gietel-Basten said. Low birth rates, according to HKUST's Gietel-Basten, are a "barometer of the challenges in society" and should thus be seen as "symptoms of problems in a society."
Persons: , Vanessa Lee, Lee, Elon Musk, Paulin Straughan, Poh Lin Tan, Tan, Jonas Hue, Vanessa Lee Lee, It's, Emily Huang, Stuart Gietel, Basten, SMU's Straughan, Straughan, HKUST's, we're Organizations: Service, Business, Internal, Ministry, Asahi Shimbun, South, Singapore Management University, Singapore's Institute of Policy, Nordic, Hong Kong University of Science, Technology Locations: Singapore, Japan, South Korea, Korea, Tokyo, Seoul, Sweden, Finland, Hong Kong, Basten
In Mr. Musk’s telling, one of Tesla’s main A.I.-based businesses will be driverless taxis, or robotaxis, that can operate pretty much anywhere and in any condition. Tesla is very close to perfecting such vehicles and will easily secure regulatory approval to put them on roads, Mr. Musk said last week on a conference call to discuss the company’s second quarter results. Mr. Musk’s vision of autonomous vehicles, or A.V.s, is not limited to cars that drive themselves. He has also claimed that individuals who buy Teslas would be able to make money when they are asleep or at work by letting the company use their cars as robotaxis. The robotaxi service will, Mr. Musk has said, catapult Tesla’s stock market valuation, around $700 billion now, into the trillions of dollars.
Persons: Elon Musk, Musk’s, Tesla, Musk Organizations: Wall
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the EV boom led Chinese companies to take over Indonesia's nickel industryIndonesia has become the world's top producer of nickel, supplying over 40% of the global demand needed for EV batteries. The growth is powered by partnerships with China, which have strengthened Indonesia's ability to refine nickel locally. In contrast, the U.S. faces challenges with limited supply, mining only 17,000 metric tons in 2023 compared to Indonesia's 1.8 million metric tons. Elon Musk has stressed the urgency of increasing nickel production, especially for Tesla and the EV industry.
Persons: Elon Musk, Tesla Organizations: EV, Elon Locations: Indonesia, China, U.S
Elon Musk, the owner of X, retweeted a parody Kamala Harris campaign ad Friday without labeling it as misleading, an apparent violation of his own platform's rules. Portions of video footage in the altered content — such as Harris speaking to crowds, and general videos of her supporters — were used in a recent Harris' campaign video on YouTube. In the original video, Harris narrates, telling viewers, "In this election, we each face a question: what kind of country do we want to live in?" The altered video reposted by Musk does not include Beyonce. This is not the first time altered voice content has appeared during this presidential campaign.
Persons: X Elon Musk, Mark Read, Elon Musk, Kamala Harris, Harris, , Biden, Musk, Beyonce, Joe Biden, Obama, Mia Ehrenberg, Donald Trump, Mr Reagan, Alexios Mantzarlis, Mantzarlis, Minnesota Sen, Amy Klobuchar, Musk's, Trump Organizations: Lumiere Theatre, Cannes Lions, YouTube, Democrat, Democratic, Elon, Security, Trust, Safety Initiative, Cornell Tech, Cornell, NBC News, Minnesota Locations: Cannes, France, New York City, Argentina, India
Read previewMelinda French Gates says the new generation of billionaires, like Elon Musk and Peter Thiel, these days primarily use their "megaphones" instead of their bank accounts to effect change. "Well, the people you just named have not been very philanthropic yet," French Gates replied. French Gates has since endorsed Vice President Kamala Harris, who became the likely Democratic nominee after Biden left the race earlier this month. In her endorsement of Harris, French Gates emphasized the need for a leader who will advocate for abortion rights. Asked to elaborate, French Gates said she thinks tech CEOs frequently give advice on things with which they are not experts.
Persons: , Melinda French Gates, Elon Musk, Peter Thiel, Gates, Jack Dorsey, Bill Ackman, Bill Gates, Joe Biden, Kamala Harris, Biden, Harris, Roe, Wade Organizations: Service, The New York Times, Tesla, Twitter, PayPal, Business, Gates Foundation, Democratic, Times Locations: United States
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCould $45 million a month be enough to help push a controversial presidential candidate back into the White House? "There are also Democratic super PACs and Democratic mega-donors, and those donors have been very involved recently." Moreover, the existing rules governing contact between super PACs and candidates are "incredibly porous" and "go largely unenforced," Weiner said. Democrats have twice introduced the Freedom to Vote Act, which would have included campaign finance reforms and was widely considered pro-voter.
Persons: , Elon Musk, Donald Trump, Musk, Daniel Weiner, Brennan, Weiner, Barack Obama, Obama, Peter Thiel, JD Vance's Organizations: Service, Business, Democratic, Citizens, Republicans Locations: United States
As market competition heated up, Tesla started cutting prices, which turned into an industrywide price war that Tesla isn't winning. It's a steep fall, considering Tesla's share of the EV market used to be as high as 80%. Critics balked, but Musk assured the Tesla community that this was the only strategy to save the company. Musk is looking for ways to buy time for Tesla — and one of those ways is to get Trump elected. Preserving Tesla's market position is imperative until he can conjure another product that people are excited to buy.
Persons: Elon Musk, Donald Trump —, Tesla, Trump, Joe Biden's, Kelley Blue, Musk, Ford, , Critics, shouldn't, ZEV, Steve Granitz, Vaibhav Taneja, China's, Elon — Organizations: Elon, Trump, Tesla, White, EV, GM, Getty Images Trump, PAC Locations: China, USA, Shanghai
Insider Today: The world's meanest app
  + stars: | 2024-07-28 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Buying a home is an absolute disaster, but this 19-year-old real-estate agent has a unique way of showing you homes quickly. On the agenda today:This story is available exclusively to Business Insider subscribers. Getty Images; Jenny Chang-Rodriguez/BIShow me the profitsAs businesses continue to figure out ways to leverage generative AI, investors are starting to wonder: How can this help the bottom line? The world's meanest app.
Persons: , it's, Matt Turner, Stocks, Jenny Chang, Rodriguez, Elon Musk's, Alyssa Powell, They're, Altman's, Alvaro Dominguez, — Mark Moran Organizations: Service, Business, Getty, Apple, Microsoft, Meta, Nvidia, Lazard
That will be the case in this jam-packed week , with the earnings from Microsoft on Tuesday, Meta Platforms on Wednesday, and Apple and Amazon on Thursday. If Alphabet said it cut back on data-center spending, then it would be alleged the company is falling behind Amazon and Microsoft in the AI race. The company also is now dogged by another competitor in search engines after ChatGPT creator OpenAI announced a prototype of SearchGPT . Apple reports on Thursday, and if you think the cloud-computing heavyweights are spending on too much AI, then you should be buying Apple. President Joe Biden always chose to have his agencies wear down tech companies.
Persons: Don Forst, There's, hadn't, OpenAI, Tesla, Elon Musk, , Russell, Mark Zuckerberg, Nvidia's Jensen Huang, It's, Zuckerberg, EssilorLuxottica —, EssilorLuxottica, Andy Jassy, Stanley Black, Decker, it's, Kamala Harris, Tony West, Joe Biden, Harris, Biden, Biden couldn't, Gina Raimondo, Raimondo, Donald Trump, Sen, JD Vance, Vance, Trump, Xi Jinping's, Abbott, Jim Cramer's, ABT, Jim Cramer, Jim, Sebastien Bozon Organizations: Los Angeles Herald Examiner, Microsoft, Apple, Google, YouTube, Amazon, Nvidia, Siggraph, Federal Reserve, Mohawk Industries, Fortune Brands, Club, Democratic, Uber Technologies, titans, Department of Justice, Federal Trade Commission, Department of Commerce, Republican, Big Tech, Republican Party, Trump, Abbott Laboratories, Drug Administration, CNBC, AFP, Getty Locations: Los Angeles, Denver, Ray, California, U.S, Ohio, Taiwan, St, Louis , Missouri
Read previewOn Friday evening, Elon Musk reposted a deepfake video of Vice President Kamala Harris on X — a move that may violate his own platform's policy on synthetic and manipulated media, The New York Times reported. In the video, the edited voice-over says, "I was selected because I am the ultimate diversity hire. And that may just run afoul of X's policy on synthetic and manipulated media, which states: "You may not share synthetic, manipulated, or out-of-context media that may deceive or confuse people and lead to harm ("misleading media")." This is a violation of @X’s policies on synthetic media & misleading identities. A video on social media appeared to show the president hitting out at his critics and cursing them.
Persons: , Elon Musk, Kamala Harris, X, Harris, Biden, Musk, ake, abel, allen, linton Organizations: Service, New York Times, Democratic Party, Business Locations: ust
Read previewGrimes' mother says Elon Musk is "withholding" the former couple's children from the rest of the family. Grimes, a Canadian singer, shares three children with Musk: X Æ A-Xii, Exa Dark Sideræl, and Techno Mechanicus. Elon Musk in Washington, DC on Wednesday, where he watched Prime Minister Benjamin Netanyahu address members of Congress. "As you may or may not know, Grimes is currently in a custody battle with Elon over their 3 children," Wilson wrote on Threads on Saturday. Advertisement"I love and am forever endlessly proud of Vivian," Grimes wrote.
Persons: , Grimes, Elon Musk, Sandy Garossino, Garossino, Musk, Benjamin Netanyahu's, Benjamin Netanyahu, Justin Sullivan, Elon, Justine Wilson, Shivon Zilis, Musk's, Vivian Jenna Wilson, Wilson, Vivian Organizations: Service, Business, Israel, Elon, NBC Locations: Canada, Canadian, Claire, Washington , DC
How Do You Solve a Problem Like Elon?
  + stars: | 2024-07-27 | by ( Kate Conger | ) www.nytimes.com   time to read: +2 min
Mr. Musk was in a black T-shirt, Mr. “It’s pretty private,” Mr. Musk said when Mr. Lemon asked him about his prescription for ketamine, which Mr. Musk had posted about on X in 2023. Lemon asked about the advertiser exodus from X, Mr. Musk shook his head: “Don, I have to say, choose your questions carefully. There’s five minutes left.” As the interview ended, Mr. Musk shot up from his chair, offering an abrupt handshake to the anchor.
Persons: Linda Yaccarino, Don Lemon’s, Yaccarino, Lemon, Yaccarino’s, Elon Musk, Lemon’s, Musk, Eames, hadn’t, Mr, , “ Don Organizations: NBC, CNN, Pentagon, Mr, SpaceX, Locations: Austin , Texas
Amid a lackluster earnings call, Tesla CEO Elon Musk said he plans to make Dojo compete with Nvidia. It's not the first time Musk has made an extremely optimistic promise about what his tech can do. AdvertisementElon Musk made another big promise this week during a lackluster earnings report that sent Tesla stock tumbling more than 7% before he logged off the call and didn't recover all week. The Tesla CEO said the company will "double down" on developing its Dojo supercomputer, in hopes of competing with the chip-producing giant Nvidia. "We do see a path to being competitive with Nvidia with Dojo," Musk told investors and analysts during Tuesday's call.
Persons: Elon Musk, , Musk Organizations: Nvidia, Service, Dojo, Business
He was referring to the Boeing Starliner and SpaceX's Crew Dragon. AdvertisementSpaceX got astronauts to space a lot faster than BoeingA Crew Dragon approaches the International Space Station with astronauts on board. AdvertisementBoeing's Starliner spaceship, which Williams and Wilmore flew on, docked at the space station 262 miles above Egypt. As of Friday, the astronauts and their spaceship had been on the station for 51 days. Engineers have been replicating the thruster issues that developed while Williams' and Wilmore's ship was on its way to the space station.
Persons: , Suni Williams, Butch Wilmore, Steve Stich, " Stich, Elon Musk, Williams, FREDERIC J . BROWN, Starliner, Mark Nappi, Nappi, Wilmore, we're, hasn't, Stitch, haven't, Butch, Suni Organizations: Service, Space Station, SpaceX, Business, Boeing, NASA, Program, Getty, NASA NASA, Engineers Locations: AFP, Egypt, New Mexico
Elon Musk is still being graded on a curve
  + stars: | 2024-07-27 | by ( Nora Naughton | ) www.businessinsider.com   time to read: +1 min
Wall Street was tough on auto stocks after second-quarter earnings. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's a tough time to be a car company on Wall Street — unless, of course, you are Elon Musk. General Motors posted a significant beat Tuesday, only for its stock price to close down more than 6% that same day. Ford's financial results were dinged significantly by higher-than-normal warranty costs, and a significant earnings miss sent its stock price down 13% immediately following those results.
Persons: Tesla, , Elon, Motors Organizations: Service, Wall, Business
Nickel mining in Indonesia has surged, making it the world's top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries. The rapid growth in nickel production is closely linked to Indonesia's partnership with China, the largest global EV battery producer. Chinese investments have bolstered Indonesia's mining capabilities, focusing on refining nickel locally following a 2022 ban on raw nickel exports. Increased nickel production in Indonesia has led to oversupply and lower prices, impacting producers in Australia and Canada.
Persons: Jason Sappor, Tesla, Todd Malan, It's, Elon Musk Organizations: P, EV, Talon, Talon Metals, Tesla Inc Locations: Indonesia, China, Australia, Canada, America, United States, Michigan, Minnesota
For years, China ramped up green energy production capacity, becoming the global leader in renewable energy manufacturing, from solar to wind to battery. In a second Trump administration, prices for imports from China are likely to surge for green energy producers. The view is that First Solar will benefit the most within the U.S. solar sector from greater trade restrictions, according to Baird. Ultimately, that may curtail the number of green energy startups and private companies that want to go public, Schleif said. "It's been really hard to compete with Chinese companies in any way, shape or form."
Persons: Donald Trump, Trump, Biden, Baird, Ben Kallo, Green, Carol Schleif, Schleif, Joe Biden, Andy Poreda, Tobin Marcus, Wolfe, TAN, Morgan Stanley, Elon Musk's, Advisory's Poreda, Poreda, It's Organizations: P, BMO Family Office, Biden White, Sage Advisory, Republican, Senate, White, Wolfe Research, Republican National Convention, Biden, JPMorgan, Materials Corp Locations: China, U.S, North America, Albemarle
Read previewTesla issued a warning against using the wet towel charging "hack" that's been circulating among some owners online. Related storiesIt's not a surprise that Tesla owners are looking for hacks to charge their vehicles faster. The damp towel trick is just one example of the many experiments Tesla owners have tried out. Other YouTubers have made videos using oranges or water bottles to cheat the sensors in the steering wheel. (Elon Musk has said the company is removing the steering wheel nag in upcoming software).
Persons: , Tesla, It's, it's, Elon Musk Organizations: Service, Business Locations: InsideEVs
Cybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives. While companies are spending heavily on cybersecurity, personal and home devices are generally less protected, making them easier to crack. And despite their sizeable assets and growing threat of cyberattacks, family offices and wealthy families don't think of themselves as targets because hackings are rarely publicized. JPMorgan Private Bank offers cybersecurity help to its ultra-high net worth clients, along with lifestyle and travel services. "I think one of the misconceptions is that — particularly for family offices — 'we're small and nobody notices us.'
Persons: Bill Roth, Jeff Bezos, Saudi Crown Prince Mohammed bin Salman, Lauren Sanchez, Bill Gates, Elon Musk, It's, Bobby Stover, Ernst & Young, They're, Anwar Visram, HardTarget, Ileana Van Der Linde, I've, Visram Organizations: Saudi Crown, Ernst &, JPMorgan, JPMorgan Private Bank, Asset, Wealth Management, CNBC Locations: WhatsApp, Tinder
Vivian Jenna Wilson, the transgender daughter of Elon Musk, said this week that her father had been “uncaring” and behaved in a “cruel” manner toward her as a child over her being queer and feminine. In an exclusive interview with NBC News on Thursday, Ms. Wilson, 20, called Mr. Musk “cold,” “very quick to anger” and “narcissistic.” She described him as an absent father who, according to NBC, would “harass her for exhibiting feminine traits and pressure her to appear more masculine, including by pushing her to deepen her voice as early as elementary school.”Ms. Wilson’s interview came in response to remarks Mr. Musk made earlier this week about her transgender identity. In an interview on Monday with the Canadian psychologist Jordan Peterson that was streamed live on X, Mr. Musk used Ms. Wilson’s birth name, which is known as deadnaming, and said that she was “dead, killed by the woke mind virus.” Mr. Musk also said that he had been “tricked” into authorizing gender-affirming care for her. He later doubled down on his claims about Ms. Wilson on X, saying that she was “born gay and slightly autistic” but that she “was not a girl.”
Persons: Vivian Jenna Wilson, Elon Musk, , Wilson, Ms, Wilson’s, Musk, Jordan Peterson, Mr, , X Organizations: NBC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's daughter speaks out against the controversial Tesla CEONBC’s David Ingram joins 'Power Lunch' to discuss his interview with Elon Musk’s daughter.
Persons: Elon, Tesla, NBC’s David Ingram, Elon Musk’s
Read previewOpenAI CEO Sam Altman has a vision for open-source AI, and it's not far from what the company's former cofounder, Elon Musk, has been asking for. But what's notable in Altman's proposal was how he highlighted the role open-source AI models could have in strengthening America's hold on the field. AdvertisementTo be sure, Musk also has some reservations about how open AI models should be. Advertisement"I believe that open source is necessary for a positive AI future," Zuckerberg wrote in a blog post on the same day. "There is an ongoing debate about the safety of open source AI models, and my view is that open source AI will be safer than the alternatives.
Persons: , Sam Altman, it's, Elon Musk, Altman, Altman's, Musk, pummeling Altman, OpenAI, OpenAI's, Ilya Sutskever, Sutskever, Musk didn't, Mark Zuckerberg, Meta, Zuckerberg Organizations: Service, The Washington, Business, Google, Microsoft, OpenAI, Business Insider
Read previewElon Musk's former partner, Grimes, has spoken out in support of the Tesla chief's daughter, Vivian Jenna Wilson. "I love and am forever endlessly proud of Vivian," Grimes wrote in an X post on Thursday. It's notable that in her support of Wilson, Grimes referred to her as "Vivian." AdvertisementWilson is one of the 12 children that Musk shares with three different women — his ex-wife, Justine Musk, Grimes, and Neuralink executive Shivon Zilis. AdvertisementRepresentatives for Musk and Grimes did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Elon Musk's, Grimes, Tesla, Vivian Jenna Wilson, Vivian, lamm, " It, ong Organizations: Service, Business Locations: Wil, usk
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