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☆ A Tesla fan experiences the Cybercab for the first time — it's a smooth ride but he wouldn't necessarily buy one
▼ + stars: | 2024-10-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Tesla fan and attendee Matthew Donegan-Ryan rode in the new Cybercab. Tesla fan and investor Matthew Donegan-Ryan attended the glitzy launch on a film lot at the Warner Bros. @_SFTahoe pic.twitter.com/0Xoubi9hY4 — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024The Cybercab, Tesla's first robotaxi, was revealed alongside a 20-person Robovan. pic.twitter.com/iUD0aKThZa — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024Donegan-Ryan was also surprised by how few cameras the Cybercab had. The Cybercab bears a stylistic resemblance to another Tesla vehicle, the Cybertruck, and Donegan-Ryan said that similarity was particularly apparent in person.

Persons: Elon Musk, Tesla, Matthew Donegan, Ryan, —, robotaxi, 0Xoubi9hY4 — Matthew Donegan, Tesla's, Uber, Cybercab, Donegan, iUD0aKThZa — Matthew Donegan, Franz von Holzhausen, Lars Moravy —, wouldn't, Musk, they're, Dan Ives Organizations: Service, Warner Bros ., Warner Bros, BI, Tesla Staff Locations: Burbank , California

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the rich keep getting richerElon Musk is on track to become the world's first trillionaire by 2027, according to a report from Informa Connect Academy. The biggest driver of Musk's wealth has been Tesla stock and his ownership of SpaceX. Federal Reserve data shows the share of wealth controlled by the top 1% has grown dramatically, while the wealth of the bottom 50% has stagnated. Some feel that rising tides lift all boats, while others think wealth concentration can be harmful to society.

Organizations: Elon, Informa Connect Academy, SpaceX, Federal

In April this year, she became the only South Korean shooter to qualify in two events for the Paris Olympics – 10-meter air pistol and 25-meter pistol – after finishing second in both events in the Korean national trials. Kim finished with 241.3 points, falling 1.9 points short of Oh, but she remembers it as “a very happy moment. Since Kim took up shooting, South Korea has seen several heroes in the sport, such as Jin Jong-oh, who won four golds and two silvers across five Olympics, and Kim Jang-mi, who won a gold at the 2012 London Olympics. At the Paris Olympics, South Korea won the most shooting medals at the Games in the country’s history with three golds and three silvers. “Just wait, mommy will win the gold,” Kim promised.

Persons: Kim Ye, ”, Kim, “, Charlie Miller, CNN Kim, Kwak Min, Kwak, He’s, Charles McQuillan, Oh Ye, It’s, refocusing, ” Kim, Louis Vuitton, Elon Musk, Alain Jocard, “ I’m, Jin Jong, Kim Jang, mommy Organizations: CNN, CNN Sport, Banners, South, Office, Paris Olympics, Korean, Paris, Games, Givenchy, Getty, South Korea Locations: North Jeolla Province, Seoul, Imsil, South Korean, Baku, Azerbaijan, Paris, South Korea, Asia, AFP, India

☆ Elon Musk is on track to become a trillionaire by 2027. Here's why the rich keep getting richer
▼ + stars: | 2024-10-12 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

Elon Musk is on track to become the world's first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world's billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires Index. "Over the past quarter century in particular, changes in tax policy have made it much more difficult to tax the rich," Sabelhaus said. Watch the video above to learn more about how the rich keep getting richer and what it means for the U.S. economy.

Persons: Elon Musk, Musk, Jeff Bezos, James Pethokoukis, Pethokoukis, John Sabelhaus, Sabelhaus Organizations: Informa Connect, Bloomberg, American Enterprise Institute, Federal Reserve, Brookings Institution Locations: U.S

☆ Tesla investors don't seem to trust Elon Musk like they used to. Is that because of Twitter?
▼ + stars: | 2024-10-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Elon Musk says self-driving Tesla cabs — something he's talked about for a long time — are just around the corner. The next day, Wall Street declared itself thoroughly unimpressed: Investors knocked down Tesla shares by nearly 9%. Related storiesAnd at the same time, Tesla investors no longer seem so forgiving. Since Musk acquired Twitter — after failing at his attempt to back out of a signed deal to acquire Twitter — Tesla shares are down 4.7%. Something like "Tesla investors don't care about Musk's Twitter travails — at all."

Persons: Elon Musk, he's, aren't, —, Elon Musk —, Musk, Reed Hastings, Tesla, Bill Gurley —, Uber Organizations: Service, Star, Wall Street, Tesla, Twitter, SpaceX, Netflix

☆ Musk unveils $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
▼ + stars: | 2024-10-11 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +4 min

After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required. Musk has spent years touting Tesla’s work in autonomous cars and promising that they would hit the market. In 2015, Musk told shareholders that Tesla cars would achieve “full autonomy” within three years.

Persons: Elon Musk, Musk, Tesla, “ It’s, ” Musk, ”, “ Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California, U.S

☆ Elon Musk Unveils Tesla ‘Robotaxi’
▼ + stars: | 2024-10-11 | by ( Shawn Paik | ) www.nytimes.com time to read: 1 min

As you can see, I just arrived in the robotaxi, the cyber cab. It’s really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. You could fall asleep and wake up at your destination. This can carry up to 20 people. And it can also transport goods.

☆ Optimus robots danced on a lit-up stage and served drinks at Tesla's robotaxi event
▼ + stars: | 2024-10-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla's humanoid robot Optimus took a starring role at the company's Hollywood robotaxi event. The robots served drinks for attendees, posed for selfies, and even danced on a stage. AdvertisementElon Musk may have unveiled the robotaxi on a Hollywood set on Thursday night — but it was Tesla's Optimus robots that had the starring role. Tesla has previously released videos of the Optimus robot performing yoga stretches, picking up an egg, and squatting. AdvertisementAt the event, Musk said he expects the Optimus robot to cost $20,000 to $30,000 in the long term.

Persons: Optimus, Elon Musk, Tesla, —, Elon, Musk, Matthew Donegan, Ryan Organizations: Hollywood, Service, Warner Bros, Optimus, selfies Locations: Los Angeles

☆ Don't hold your breath waiting for a Tesla robotaxi
▼ + stars: | 2024-10-11 | by ( Shubhangi Goel | Tom Carter | ) www.businessinsider.com time to read: +5 min

Tesla's robotaxi will almost certainly face safety and regulatory questions before it comes to market. Waymo and Cruise have also encountered regulatory challenges with their autonomous vehicles. It has a permit to test autonomous vehicles with a driver on public roads in the state. "It's a problem of their own making," Phil Koopman, a professor at Carnegie Mellon University and an expert in autonomous vehicle safety, told Business Insider. A Waymo autonomous self-driving electric vehicle.

Persons: Tesla's, Cruise, —, Tesla, Elon Musk, You'll, Sjoerd van, Waymo, Phil Koopman, Koopman, PATRICK T, FALLON, Uber, Kyle Vogt Organizations: Service, Warner Bros, Wal, Getty, California Department of Motor Vehicles, Carnegie Mellon University, NHTSA, Cruise Locations: Burbank , California, California

☆ Elon Musk's Robotaxi ambitions have 'nothing to do with Tesla': Ross Gerber
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's Robotaxi ambitions have 'nothing to do with Tesla': Ross GerberRoss Gerber of Gerber Kawasaki explains why he does not like Tesla's robotaxi business and says that Elon Musk's behavior has "turned off" EV buyers.

Persons: Elon Musk's, Tesla, Ross Gerber Ross Gerber, Gerber Kawasaki, Elon Organizations: Elon

☆ Elon Musk may knock on doors for Trump in Pennsylvania, report says
▼ + stars: | 2024-10-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Elon Musk has gone all-in for Trump, including recently speaking at a rally in Pennsylvania. His super PAC has also spent tens of millions of dollars boosting Trump and GOP House candidates. Musk is so deeply involved that he may knock doors himself, according to the NYT. AdvertisementElon Musk, the richest person in the world, is so dedicated to electing former President Donald Trump that he may end up knocking doors for him. "President Trump must win to preserve the Constitution," Musk said at the rally.

Persons: Elon Musk, —, Donald Trump, Musk, — America PAC —, Kamala Harris, Trump, Ron DeSantis Organizations: Trump, PAC, GOP House, Service, The New York Times, Musk's, — America PAC, Florida Gov, Republican Locations: Pennsylvania, Butler , Pennsylvania, America

☆ Elon Musk wants to take humanoid robots mainstream with Optimus. Making them 'the biggest product ever' will be tough.
▼ + stars: | 2024-10-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Tesla plans to unleash a new generation of humanoid robots. Related storiesMusk's plans to make humanoid robots mainstream face some tough challenges, however. Before these new iterations were revealed, industry watchers were already predicting explosive growth in the humanoid robotics market. AdvertisementIt is unclear how Musk's Optimus robots will stand out in this fast-growing market and become "the biggest product ever of any kind." Making further improvements to humanoid robots is a tough technical challenge.

Persons: Tesla, Elon Musk, Optimus, Musk, —, Elon, Cybertruck, livestream, Jensen Huang, Huang, Goldman Sachs, Paul Miller, Forrester, Jim Fan, Gene Organizations: Service, Warner Bros, Elon, Tech, Amazon, Oregon State University, Robotics, Nvidia, Star Wars, Hyundai, Boston Dynamics, Deepwater Asset Management, Optimus Locations: Burbank , California

☆ Tesla's robotaxi dreams are going to be an insurance nightmare
▼ + stars: | 2024-10-11 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

High insurance costs could wipe out earnings for Cybercab owners. AdvertisementThere are plenty of hurdles for Tesla's promised robotaxi fleet to clear before launching, but one overlooked barrier may be the complexity of insuring a fleet of self-driving Teslas. Advertisement"It's great that you have a vehicle that is cheaper," said Jessica Caldwell, executive director of insights for Edmunds, referring to Tesla's $30,000 Cybercab. "But that can easily get outweighed by high insurance costs." The automotive insurance industry has yet to fully embrace autonomous technology, and without coverage, driverless Teslas can't operate.

Persons: Tesla, —, Tesla's, Elon Musk's, Jessica Caldwell, Edmunds, there's, Caldwell, Musk, Elon, Morgan Stanley, Adam Jonas Organizations: Insurance, Service, Tesla, Investors Locations: Texas, California

☆ Elon Musk's Tesla will be facing increasing EV competition from China, analyst says
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's Tesla will be facing increasing EV competition from China, analyst saysKarl Brauer, executive analyst at iSeeCars.com, says people need to see less future innovation and more actual working prototypes from Tesla.

Persons: Elon Musk's Tesla, Karl Brauer Locations: China

☆ Elon Musk might have to convince Trump not to 'stop' autonomous vehicles if he's reelected
▼ + stars: | 2024-10-11 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Elon Musk revealed Tesla's new robotaxis hours after Trump said he would "stop" AVs from operating. Trump expressed concerns about autonomous vehicles at the Detroit Economic Club. During his remarks at the Detroit Economic Club, Trump said he found autonomous vehicles "concerning" and promised to "stop" them from operating. "I will stop Chinese — and other countries — produced automobile and autonomous vehicles," he said. Amazon-backed Zoox received authorization from the California and Nevada DMV to operate fully autonomous robotaxis on public roads.

Persons: Elon Musk, Trump, GM's Cruise, —, Elon, Donald Trump's, Musk, Zoox, Cruise, Didi Organizations: Detroit Economic, Service, Nevada DMV, Dallas Locations: California, Texas, San Francisco, Phoenix, Los Angeles, Austin, Nevada, Foster, China

☆ Video: Elon unveils ‘Robovan’ and ‘Cybercab’
▼ + stars: | 2024-10-11 | by ( Sarah Jorgensen | ) edition.cnn.com time to read: 1 min

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☆ Elon Musk reveals the 'Art Deco' design inspiration behind Tesla's Robovan
▼ + stars: | 2024-10-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Elon Musk surprised viewers with the unveiling of Tesla's Robovan at the 'We Robot' event Thursday. Musk shared on X that the Robovan's design was inspired by Art Deco trains. But the Robovan's exterior aesthetic appears to be inspired by the early 20th century Art Deco design period. In response to a user who asked about what inspired the design, Musk replied, "Art Deco trains." Art Deco trains were a product of the Art Deco era, which took place in the 1920s and 1930s.

Persons: Elon Musk, Tesla's Robovan, Musk, —, Tesla, — Tesla, Robovan, 🎯, ike Organizations: Art Deco, Service, Art Locations: lon, usk, ehicles

☆ Trump campaign connected with Elon Musk’s X before it blocked links to hacked materials
▼ + stars: | 2024-10-11 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

New York CNN —Former President Donald Trump’s campaign connected with Elon Musk’s X last month to discuss hacked Trump campaign materials circulating on the social media platform before X blocked links to the files and banned the independent journalist who published the materials, a person familiar with the matter told CNN. A person familiar with the matter told CNN on Friday that the Trump campaign had a conversation with X officials about the hacked materials before Klippenstein was banned and links to his newsletter were blocked. The person said the campaign did not push X officials to remove links to the materials and that X had made the decision. The New York Times first reported the Trump campaign’s correspondence with X officials in an article on Musk “going all in” to elect Trump. In July, Politico flagged that its reporters had received emails from an individual offering a similar trove of private documents from inside the Trump campaign.

Persons: Donald Trump’s, Elon Musk’s, Ken Klippenstein, Sen, JD Vance, Trump, Klippenstein, Klippenstein’s Instagram, Hunter Biden, Musk, reelect Trump, Tucker Carlson, Kamala, Harris, ” Organizations: New, New York CNN, Elon, CNN, Trump, New York Times, X, Politico, Times, Washington Post, New York, Hunter Biden . Company, Twitter, PAC Locations: New York, ”, New, Pennsylvania

☆ Elon Musk just showed the world his shiny new Robovan. There's already a Chinese vehicle with the same name.
▼ + stars: | 2024-10-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

A separate robotics startup, Starship Technologies, filed a US trademark application for "Robovan" in 2017. On its website, WeRide said it had received "over 10,000 indication orders from a leading express delivery company" for the car. AdvertisementIn July 2017, a company called Starship Technologies filed a trademark for "Robovan," per the United States Patent and Trademark Office. Starship, which specializes in autonomous delivery robots, was founded by Skype cofounders Ahti Heinla and Janus Friis. Unlike Tesla and WeRide, Starship Technologies' offering isn't a self-driving vehicle.

Persons: WeRide, —, Elon Musk's, Tony Han, Han, Janus Friis, Musk, Tesla's, 4DDqJtGATU — Elon, Tesla Organizations: Starship Technologies, Service, CNBC, JMC, Ford Motors, Jiangling Motors Corp, Ford, United States Patent, Office, Skype, Mercedes, Benz, Tesla, Technologies, YouTube, Business Insider Locations: Guangzhou, China

☆ Hogner: This was very disappointing for investors.
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHogner: This was very disappointing for investors. Eirik Hogner, Partner and Deputy Portfolio Manager at Clean Energy Transition, expresses disappointment in the investor reaction to Elon Musk's Cybercab reveal, highlighting unmet expectations for autonomous technology and the vehicle's pricing.

Persons: Eirik Hogner, Elon Musk's

☆ Elon Musk's robotaxi launch fails to wow Wall Street — and leaves Tesla analysts with more questions than answers
▼ + stars: | 2024-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Tesla's "We, Robot" event left analysts with more questions than answers. Wall Street was broadly disappointed by the lack of detail, and skeptical of Elon Musk's timeframes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's "We, Robot" event on Thursday night failed to impress several Wall Street analysts. Here's how Tesla analysts and commentators reacted to the event.

Persons: Elon Musk's, —, Elon Organizations: Elon Musk's timeframes, EV, Service, Investors

☆ Elon Musk's Robotaxi is still miles away from overtaking Uber and Waymo in the ride-hailing race
▼ + stars: | 2024-10-11 | by ( Shubhangi Goel | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

AdvertisementIf Elon Musk can fully deliver on his plans to make Tesla's Robotaxi the new go-to mode of transport, he could bring an end to the ride-hailing economy as we know it. "Tesla's vehicles, sensors, and software will all need to be approved in any market they hope to enter. "Until Tesla robotaxis are transporting 100,000 paying customers a week around major American cities like Waymo does, Tesla Robotaxi is nothing more than the latest work of fiction to come out of the Warner Bros. "We also believe TSLA could struggle to scale fleet operations without offering access to demand via Uber/Lyft." Uber is already preparing for a future of electric cars and autonomous vehicles without Tesla's involvement.

Persons: BYD, —, Elon, aren't, Tesla, Uber, Musk, Jefferies, John Colantuoni, Paul Miller, Forrester, Dan O'Dowd, Waymo, I've, Gene Munster, Brian Baker, Matt Bryson, Dara Khosrowshahi, We're Organizations: Service, Warner Bros, Tesla, Warner Bros ., Asset, Jefferies, Tesla's, BYD, Aurora, AV Locations: Burbank , California

☆ Tesla shares drop 5.5% in premarket after Cybercab robotaxi reveal fails to impress
▼ + stars: | 2024-10-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Shares of electric vehicle maker Tesla sank after the company's long-awaited robotaxi event — where CEO Elon Musk unveiled the firm's Cybercab self-driving concept car — failed to impress investors. Musk revealed Tesla's Cybercab concept vehicle — a low, silver two-seater, has no steering wheels or pedals — on Thursday night. The Tesla boss said the company hopes to be producing the Cybercab before 2027, but offered no details on where the cars will be manufactured. He said consumers would be able to buy a Tesla Cybercab for a price tag under $30,000. FSD, which stands for Full Self-Driving, is Tesla's premium driver assistance system, available today in a "supervised" version for Tesla electric vehicles.

Persons: Tesla, Elon Musk, Musk, CNBC's Lora Kolodny, Michael Bloom Locations: Texas, California

☆ Elon Musk reveals Tesla's Robotaxi and Robovan
▼ + stars: | 2024-10-11 | by ( Ana Altchek | Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Elon Musk just unveiled Tesla's Robotaxi at the company's "We, Robot" event in Los Angeles. Elon Musk showed off Tesla's upcoming driverless taxi at its "We, Robot" on Thursday evening. Musk walked into the event and entered a sleek-looking silver Robotaxi, a two-door vehicle that opened upward with butterfly-style doors. The unveiling of Tesla's latest vehicle is a major milestone for the company and has been highly anticipated for years. In 2016, Musk said during a press call that a Tesla vehicle would autonomously drive from Los Angeles to New York City by 2017.

Persons: Elon Musk, —, Robotaxi, Tesla, Musk, Optimus, Uber Organizations: Service, Warner Bros, Elon, Twitter, Traffic, Administration Locations: Los Angeles, Burbank , California, California, Texas, York, New York City

☆ WSJ's Tim Higgins on Tesla's Cybercab robotaxi reveal: These kinds of events for the faithful
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Tim Higgins on Tesla's Cybercab robotaxi reveal: These kinds of events for the faithfulTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Tesla's Cybercab event, Elon Musk's timeline for full self-driving vehicles, and more.

Persons: Tim Higgins, Tesla's, Elon Organizations: Wall Street Journal

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