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☆ Tesla isn't done raising prices
▼ + stars: | 2024-07-22 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Tesla raised Model S and Model X prices by $2,000 after a year of price cuts. Elon Musk has said Tesla prices must fluctuate frequently to "match production with demand." AdvertisementAfter over a year of dropping prices of various models to boost sales, Tesla appears to be changing tack. The EV giant has increased Model S and Model X prices by $2,000 — essentially undoing the price cuts of the same amount in April. The Tesla Model S now starts at $74,990, and the Model X retails for $79,990.

Persons: Tesla, Elon Musk, — Organizations: Service, Tesla, Business

☆ Elon Musk is very publicly trying to recruit his billionaire peers to the Trump-Vance camp
▼ + stars: | 2024-07-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

The mercurial billionaire gave his endorsement to Trump, just minutes after the GOP presidential candidate was nearly assassinated on July 13. Since then, Musk has only doubled down on Trump and his newly minted running mate, Vance on his social media platform, X. — Elon Musk (@elonmusk) July 21, 2024Trump/Vance LFG!! — Elon Musk (@elonmusk) July 21, 2024Trump/Vance LFG!! Related storiesThe potential switch in Democratic nominee to Harris hasn't swayed Musk, who started criticizing her candidacy on Sunday.

Persons: —, Elon, Donald Trump, Sen, JD Vance, Trump, Musk, Vance, — Elon, Joe Biden, Kamala Harris, Biden, Vinod Khosla, Reed Hastings, Khosla, Hastings, Reid Hoffman, Harris, Vinod, Vance LFG, I'm, Harris hasn't, gFwWAv15Qx — Elon, Daniel Hallin, it's, Hallin, Jonathan Aronson, Aronson, Trump stokes Organizations: Service, GOP, Trump, Business, Democratic Party, Republican Party, Democratic, Netflix, Biden, UC San Diego, USC Annenberg School for Communication, Journalism, Trump . Representatives, BI Locations: Ohio, San Francisco Bay, America, Texas

☆ Elon Musk asked OpenAI investor Vinod Khosla to support Trump. Khosla said he doesn't 'accept depravity'.
▼ + stars: | 2024-07-22 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

Vinod Khosla on Sunday urged Democrats to select a moderate candidate against Trump. Elon Musk pushed back in defense of Trump, sparking a heated exchange with Khosla on X.Khosla suggested Kamala Harris and Governors Whitmer, Shapiro, and Beshear as potential candidates. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Khosla first posted that an open convention could yield a candidate who could "easily" beat Trump, such as Michigan Gov.

Persons: Vinod Khosla, Trump . Elon Musk, Trump, Khosla, Kamala Harris, Whitmer, Shapiro, Beshear, —, Joe Biden, Donald Trump, Gretchen Whitmer, Josh Shapiro —, Andy Beshear, MAGA Organizations: Sunday, Trump . Elon, Service, Democratic Party, Trump, Michigan Gov, Business Locations: Pennsylvania, Kentucky

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ Stocks making the biggest moves midday: Ryanair, CrowdStrike, IQVIA Holdings and more
▼ + stars: | 2024-07-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Ryanair — Shares fell 16% after the budget airline reported weaker-than-expected fiscal first-quarter earnings . CrowdStrike — The cybersecurity stock plunged 12% as investors fully digested Friday's massive outage , which resulted in thousands of canceled flights. IQVIA Holdings — The stock jumped more than 6% after the health tech company's earnings beat expectations for the second quarter. In the second quarter, the company reported sales of $32.8 billion, below the $33.05 billion FactSet consensus estimate. Mattel — Shares of the toymaker soared more than 11%.

Persons: CrowdStrike, FactSet, Tesla, Elon Musk, LPR, Xpeng, Catterton, —, Alex Harring, Hakyung Kim, Lisa Kailai Han, Darla Mercado Organizations: Ryanair —, Guggenheim, Holdings, Nvidia —, Reuters, Blackwell, Verizon —, —, EV, People's Bank of, Li Auto, Mattel —, Mattel, Semiconductor, — Investors, VanEck Semiconductor, KLA Corporation, ASML Locations: CrowdStrike, People's Bank of China, chipmakers

☆ In Silicon Valley, Where Trump Made Inroads, Democrats Are Now Invigorated
▼ + stars: | 2024-07-22 | by ( Erin Griffith | ) www.nytimes.com time to read: +1 min

In recent weeks, many Democrats in Silicon Valley had kept uncharacteristically quiet as prominent technology leaders — including Elon Musk and the investors Marc Andreessen and Ben Horowitz — endorsed Donald J. Trump for president. Even though Democrats had long been a dominant force in Silicon Valley, some were unenthusiastic about supporting President Biden, who was unpopular in the tech industry. They wanted to see if Mr. Biden could change the narrative around his struggling campaign. And those who were vocal in their support — such as the tech investor Reid Hoffman — faced attacks. Across the tech industry, the floodgates immediately reopened.

Persons: Elon Musk, Marc Andreessen, Ben Horowitz —, Donald J, Trump, Biden, Reid Hoffman —, ”, Nihal Mehta Organizations: Elon, Mr, Democratic, Eniac Ventures Locations: Silicon Valley, New York

Donald Trump walks off stage after speaking at a campaign rally on July 20, in Grand Rapids, Michigan. Vance defended his loyalty to the US, after Vice President Kamala Harris said he “will be loyal only to Trump, not to our country.”“There’s some bad news actually, Vice President Kamala Harris, she doesn’t like me,” Vance said in remarks about two hours before Trump took the stage. “Kamala Harris said something to the effect that … I have no loyalty to this country,” he continued. “Well, I don’t know, Kamala, I did serve in the United States Marine Corps and build a business. The only unity we saw today was between Donald Trump, JD Vance, and their Project 2025 agenda,” Biden campaign spokesperson Ammar Moussa said in a statement.

Persons: Donald Trump, Anna Moneymaker, Sen, JD Vance, Vance, Trump’s, “, it’s, Kamala Harris, ” Vance, Trump, “ Kamala Harris, ”, Kamala, Harris, Ronny Jackson, Elon Musk, Musk, “ Elon, ” Trump, Xi Jinping, Xi, who’s, Biden, Joe Biden’s, ” Biden, Ammar Moussa Organizations: Trump, United States Marine Corps, Butler Memorial Hospital, White House, Grand, Wall Street Journal, Democrats Locations: Grand Rapids , Michigan, Ohio, San Francisco, Butler , Pennsylvania

☆ Elon Musk reacts to Biden dropping out: 'My smartest friends' are 'excited about Trump'
▼ + stars: | 2024-07-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Joe Biden's dropping out of the election prompted a reaction from Elon Musk, who backs Trump. Musk claims tech industry loyalty is shifting to Republicans, citing individual freedom and merit. Top Silicon Valley investors, including Ben Horowitz and Peter Thiel, are also backing Trump. AdvertisementJust minutes after US President Joe Biden announced he was dropping his campaign for re-election, Elon Musk announced that his Silicon Valley friends had already moved on to the Republican Party. "My smartest friends, including those living in the San Francisco Bay Area who have been lifelong Dems, are excited about Trump/Vance," Musk posted on X.

Persons: Joe Biden's, Elon Musk, Ben Horowitz, Peter Thiel, —, Joe Biden, Vance, Musk Organizations: Trump, Service, Republican Party, Business Locations: San Francisco Bay

☆ Earnings playbook: Your guide to a busy week of earnings, including Alphabet and Tesla
▼ + stars: | 2024-07-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 87% of the time. Tesla is set to report earnings after the close. What history shows: Bespoke data shows GM beats earnings expectations 62% of the time. What history shows: Ford earnings exceed estimates nearly 70% of the time, according to Bespoke. This quarter: Earnings for the airline are expected to have fallen more than 10% from the year-earlier period, per LSEG.

Persons: Michael Wayland, Tesla, Elon Musk, Dan Levy, Ben Kallo, Benjamin Black, Jim Farley, Matthew Swanson, Swanson, AAL, Leslie Josephs Organizations: Big Tech, Google, Ford Motor, IBM, General Motors, CNBC, Tuesday, GM, Investment Group, LSEG, Barclays, Energy, Deutsche Bank, Wednesday Ford, Ford, Ford Pro, RBC, Thursday, Airlines, American Airlines, Investors Locations: China

☆ A developer is planning a commercial spaceport near Las Vegas that includes a pilot school and STEM academy
▼ + stars: | 2024-07-21 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

At least, that's what real estate developer Rob Lauer envisions with his plans to build a spaceport near Las Vegas. Lauer, a former US Army military police officer, is the CEO of Las Vegas Spaceport. The spaceport would offer educational programs for potential flyers and a STEM programA rendering of a STEM academy by Las Vegas Spaceport. As smaller companies like Las Vegas Spaceport look to enter the industry, some travelers are already excited to take flight. Las Vegas Spaceport scored a win in May when the Clark County Commission "unanimously" approved construction permits for an airstrip, according to the Las Vegas Review-Journal.

Persons: —, Rob Lauer, Lauer, George Rose, New Shephard, Jeff Bezos, Richard Branson's Virgin, it's Organizations: Service, US Army, Las, Business, Las Vegas, Billboard, Boca, FAA, Las Vegas Convention, Visitors Authority, SpaceX, Elon Musk's astronautics, Richard Branson's Virgin Galactic, Pew Research Center, Las Vegas Executive, Vegas, Clark Locations: Nevada, Las Vegas, Las, United States, Boca Chica, New, Clark, Nye County, Southern Nevada

☆ Trump says he loves Elon Musk even though he never heard of the $45 million-a-month donation plan from the billionaire
▼ + stars: | 2024-07-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Read previewDuring a rally in Michigan on Saturday, Donald Trump had high praise for Elon Musk, calling the Tesla CEO a "great" and "brilliant guy." Musk came out with an endorsement of Trump on July 13, the day of the assassination attempt. "I read — I didn't even know this, he didn't even tell me about it, but he gives me $45 million a month," Trump said. Related storiesDuring the Saturday rally, Trump said he thinks electric cars are "incredible, but they're not for everybody." It will only help Tesla," Musk said on X on July 16.

Persons: —, Donald Trump, Elon Musk, Musk, Trump, Elon, DJT, they're, Biden, Tesla Organizations: Service, Trump, Street, Business, Environmental Protection Agency, Twitter Locations: Michigan

How did the Democrats lose Silicon Valley? The loudest donors in Silicon Valley are promoting Trump at a time when the tech world as a whole is ascending in Washington, with billionaires using their ballooning wealth and media foothold to exert influence. Their voices are made all the more prominent amid the conspicuous neutrality of Big Tech leaders like the Google C.E.O. Sundar Pichai and the Meta chief Mark Zuckerberg, who are possibly afraid of invoking Trump’s ire and employee backlash. Musk was brushed off by President Biden over his anti-union stance and excluded from an electric vehicle event at the White House in 2021.

Persons: Elon Musk, David Sacks, Marc Andreessen, Trump’s, Sundar Pichai, Mark Zuckerberg, Biden, Tesla Organizations: Elon, Trump, Big Tech, Google, White House Locations: Silicon Valley, Washington

☆ Why Tesla’s big bet on gigacasting has other EV makers reimagining their factories
▼ + stars: | 2024-07-20 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +4 min

Gigacasting is a form of die-casting — pouring materials like molten aluminum into large molds to form parts. For example, the front and rear portions of the early Model 3 chassis each contained more than 70 parts, according to Tesla. Reducing weight ultimately means more range for the customer, and substituting one large megacast for dozens of stamped parts reduces labor and boosts production, he said. Severinson views repair as a solvable challenge: "There is a solution to repairing also a casted rear floor," he said. Burns and Volk say that might be a sign that the company is hitting some technical limits.

Persons: Elon Musk, Shea Burns, AlixPartners, Tesla, Musk, Erik Severinson, Burns, Wolfram Volk, Volk, Lars Moravy Organizations: Toyota, Ford Motor, General Motors, Hyundai, Nissan, Volvo, Technical University of Munich, BMW, Volkswagen Locations: American, Germany

☆ Bill Gates hopes Elon Musk will talk about climate but says the Tesla CEO will 'talk about whatever he feels like'
▼ + stars: | 2024-07-20 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

The former Microsoft CEO also said he hopes Elon Musk will comment on the climate crisis more. The two billionaires have a history of public disagreements on various topics, including climate. AdvertisementBill Gates believes Tesla is a "super important" contribution to combatting the climate crisis, but he hopes Elon Musk will discuss it more. Gates, who sat down with Bloomberg to talk about his climate tech investments, told the publication that he spoke to Musk during the Breakthrough Prize award ceremony in April. Bloomberg Senior Executive Editor John Fraher then asked the former Microsoft CEO whether he was "disappointed that Elon doesn't really seem to talk much about climate these days."

Persons: Bloomberg's John Fraher, Bill Gates, Tesla, Elon, —, Gates, John Fraher, Elon doesn't Organizations: Microsoft, Service, Bloomberg, Business

☆ Here's what a Trump victory could mean for the entire EV industry
▼ + stars: | 2024-07-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump has been an outspoken critic of EVs — and that could spell trouble for America's electric vehicle industry. AdvertisementMusk also reportedly played a part in Trump choosing Ohio senator JD Vance, an even fiercer critic of electric vehicles, as his vice president. Subsidy fearsThe potential loss of the $7,500 tax credit has already sparked concern in the EV industry. "If we see that tax credit cut, then EVs start looking insurmountably expensive for most consumers," he said. "They're already making money building electric vehicles, and the incentive just helps boost volume rather than boosting profits," he added.

Persons: —, Donald Trump, EVs, Elon, Trump, Trump's, Musk, JD Vance, Vance, Biden, Tesla, Jon McNeill, Dylan Khoo, Sam Fiorani, Khoo, Elon Musk's, Dan Ives, Ives, Tesla's Organizations: Service, Business, Trump, PAC, Ohio, US, Motors, CNBC, ABI Research, Global, AutoForecast Solutions, Bloomberg Businessweek, Wedbush Securities, EV Locations: Trump, Communist China, China

☆ Opinion | J.D. Vance and the Tech-Trad Alliance
▼ + stars: | 2024-07-19 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Just over seven months ago, the talented pseudonymous writer Trace Woodgrains wrote an essay announcing the Republican Party’s doom — not the doom of electoral irrelevance, since the G.O.P. Vance as Donald Trump’s running mate and the recent surge of support for Trump’s campaign from Silicon Valley, Woodgrains reconsidered the durability of his diagnosis. The Vance pick, he wrote, suggests that “the G.O.P. is looking to make an appeal to anti-woke Silicon Valley or finance types to fill the void left by the Republican Party’s competency crisis,” with Vance himself as an exemplar of what a right-leaning counter-elite might look like. suddenly has more support in Silicon Valley than in 2020 or 2016.

Persons: Trace Woodgrains, ”, Woodgrains, Trump, J.D, Vance, Donald Trump’s, it’s, Peter Thiel, it’s Elon Musk, Marc Andreessen, pander, Reed Albergotti, Noah Smith Organizations: Biden, Republican, Cathedral Locations: United States, Silicon Valley

☆ Elon Musk mocks Microsoft over the global IT outage
▼ + stars: | 2024-07-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Elon Musk mocked Microsoft over global IT outage impacting multiple sectors. The X owner posted a laughing emoji in response to a meme poking fun at Microsoft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk poked fun at Microsoft over a global IT outage on Friday. The billionaire posted a laughing emoji in response to a meme shared on X mocking the disruption.

Persons: Elon Musk, —, Elon Organizations: Microsoft, Service, Business Locations: Airlines

☆ Elon Musk praises the first prime minister of Singapore as 'brilliant' in response to a glowing blog post about the country's airport
▼ + stars: | 2024-07-19 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said that Singapore's first prime minister, touted as the country's founding father, was a "brilliant" man. Mack wrote about Lee's efforts in conceiving Singapore's Changi Airport, which has been named the world's best airport 12 times by London-based research firm Skytrax. Singapore's award-winning Changi Airport. John Seaton Callahan/Getty ImagesBefore Singapore's Changi Airport became operational in 1981, the island state had a small commercial airport located inland on the east side of Singapore, called Paya Lebar Airport. The country's largest public universities, National University of Singapore and Nanyang Technological University, ranked 8th and 15th, respectively, in the 2025 QS top universities rankings.

Persons: —, Elon Musk, George Mack, Lee Kuan, Mack, d1C60XIvNA — Elon, Musk, Lee, Singapore's, John Seaton Callahan, Skytrax, Martin Puddy, Liu Thai Ker, Jon Hicks, it's Organizations: Service, SpaceX, Business, Changi, Changi Airport, Singapore's Changi, Airport, Changi Airport's, Business Times, The New York Times, Financial, Singapore Crowds, Getty, National University of Singapore, Nanyang Technological University, QS, Cornell, Princeton, Yale Locations: London, Singapore, Paya, Changi, Southeast Asia, Malaysia, Asia, Hong Kong, Singapore's Orchard

☆ Mark Zuckerberg calls Donald Trump a 'badass' after the former president threatened him with prison
▼ + stars: | 2024-07-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Read previewMeta CEO Mark Zuckerberg called former President Donald Trump's reaction to getting shot "badass," although he declined to endorse him in an interview with Bloomberg released Friday. Just a few days ago, in a different interview with Bloomberg, Trump reiterated his beef with Zuckerberg. If you don't have TikTok, you have Facebook and Instagram, and that's, you know, that's Zuckerberg. The more notable thing he said was reiterating Meta's stance on limiting political content in people's feeds on Facebook, Instagram, and Threads. Speaking of aesthetics, Zuckerberg also committed to his new look by wearing a gold chain during the Bloomberg interview.

Persons: —, Mark Zuckerberg, Donald Trump's, Bloomberg's Emily Chang, Zuckerberg, Meta, wouldn't, Donald Trump, Trump, that's Zuckerberg, It's, Elon, Musk, Anna Moneymaker Organizations: Service, Bloomberg, Meta, Business, Trump, Big Tech, Facebook

☆ The New York Times News Quiz, July 19, 2024
▼ + stars: | 2024-07-19 | by ( ) www.nytimes.com time to read: 1 min

Elon Musk said he planned to move his companies out of California in protest of a new state law, which says schools cannot force teachers to notify parents when a student does what?

Persons: Elon Musk Locations: California

☆ Secret Service calls right-wing media attacks on female agents ‘baseless’ and ‘disgusting’
▼ + stars: | 2024-07-18 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

CNN —The US Secret Service pushed back Thursday against recent criticism from right-wing media personalities and lawmakers blaming female agents for security failures during the assassination attempt on former President Donald Trump. In a statement Thursday to CNN, the Secret Service blasted misogynist claims that the female agents were incapable of protecting Trump. Such baseless assertions undermine the professionalism, dedication and expertise of our workforce,” Secret Service spokesman Anthony Guglielmi said in a statement. She is the second female Secret Service director in the agency’s history. Associations that represent women in law enforcement have also reacted to the unfounded attacks on female agents with disappointment and alarm.

Persons: Donald Trump, Trump, Elon Musk, Anthony Guglielmi, Kimberly Cheatle, ” Guglielmi, ”, “ Organizations: CNN, Service, Trump, Secret Service, Fox News, Women, Enforcement, International Association of Women Police, National Association of Women

☆ Mark Cuban says Silicon Valley's bet on Trump is a 'Bitcoin play'
▼ + stars: | 2024-07-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Cuban says Silicon Valley's support Trump could be a bet on higher Bitcoin prices. The tax cuts, tariffs and uncertainty that comes with a Trump win will push prices, Cuban said. AdvertisementMark Cuban says he has a "contrary opinion" on why Silicon Valley's tech titans have decided to back former President Donald Trump. Cuban explained that the outpouring of support wasn't so much because they saw Trump as a "far stronger proponent of crypto." This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, Marc Andreessen, Donald Trump's, Mark Cuban, Trump, —, Donald Trump, Cuban Organizations: Trump, Service, SEC, Business

☆ Biden's feud with Musk is far from over
▼ + stars: | 2024-07-18 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +4 min

Origins of their feudEarly into Biden's presidency, Musk began criticizing the administration's policy choices. The Tesla CEO took strong issue with Biden's approach to Tesla. "This administration has done everything it can to sideline & ignore Tesla," Musk posted back in 2022. The Tesla CEO replied : "Thank you, Tesla is happy to support other EVs via our Supercharger network." In April 2024, Musk posted on X that "Biden doesn't really know what's going on.

Persons: —, Elon Musk, Joe Biden, Biden, Musk, Fortune, mused, didn't, Jen Psaki, Tesla, Mary Barra, He's, Trump Organizations: Service, Business, White, White House Press, General Motors, Companies, GM, Ford, ESL, Democratic Locations: America

☆ A rash of tech billionaires are pivoting to Trump — but not because they’re MAGA bros
▼ + stars: | 2024-07-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But there’s a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world. David Sacks, the billionaire tech investor, co-hosted a fundraiser last month at his San Francisco home and spoke at the Republican National Convention on Monday. In the last election cycle, the few Trump backers that existed in the Valley largely kept their support under the radar. Their numbers are still small, but they’re no longer hiding, and their wallets are open. And, as Kovacevich notes, just because there are a few big names turning toward Trump, “they’re not speaking for everybody.”“In fact, most of the big company CEOs aren’t terribly involved in partisan politics,” Kovacevich says.

Persons: CNN Business ’, Hillary Clinton, Joe Biden, MAGA, Elon Musk, Trump, David Sacks, San Francisco, Doug Leone, Palantir, Joe Lonsdale, what’s, Adam Kovacevich, ”, “, Biden, Lina Khan, Joe Biden’s, Gary Gensler, who’s, Marc Andreessen, Ben Horowitz, Trump’s, hasn’t, they’ve, Reid Hoffman, Eric Schmidt, aren’t, ” Kovacevich, “ They’re Organizations: CNN Business, New York CNN, Silicon, Wall Street, Trump, America PAC, San, Republican National Convention, Sequoia Capital, Biden, of, Financial Times, SEC, Big Tech, LinkedIn, Google Locations: New York, Silicon

The fleet of 500 vehicles operating in the city belongs to Apollo Go, a unit of Chinese tech giant Baidu (BIDU). There have also been complaints from residents in Wuhan about traffic jams, as driverless cars fail to respond to traffic lights. Uncertainty over the safety and reliability of driverless cars has cast a long shadow over the industry in the US. Last week, authorities in Shanghai’s Pudong New Area started handing out licenses to driverless car operators, including Apollo Go and Alibaba-backed AutoX, according to state media China Daily. California-based startup Pony.ai, backed by Toyota and Saudi Arabia, was also given the green light to test driverless vehicles in the financial hub.

Persons: You’ll, ” Tu Le, robotaxi, Apollo Go’s, Apollo, Waymo, Elon Musk, Go Organizations: Hong Kong CNN —, Weibo, Baidu, Global Times, Sino, CNN, National Bureau of Statistics, Apollo Go, United, GM, Department of Justice, McKinsey, Pudong New Area, Toyota, Beijing Municipal Bureau of, Information Technology, People’s Daily Locations: China, Hong Kong, Wuhan, Weibo, United States, United Arab Emirates, California, Beijing, Shenzhen, Pudong, . California, Saudi Arabia, Bao’an district, People’s

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