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A lawsuit by the Philadelphia DA could stop Elon Musk's $1M-a-day voter giveaway as early as Friday. Musk has used the lottery to encourage voter registration and push swing-staters to the polls. Krasner's lawsuit says the giveaway is an unregulated lottery that violates Pennsylvania law. The DOJ did send a letter to America PAC warning that the giveaway might be illegal, a development first reported by 24sight News. America PAC did not announce a winner on Wednesday after the warning letter became public but has resumed announcements.

Persons: —, Larry Krasner, Krasner, Donald Trump —, Musk, Jordan, Hastings, Anne Marie B, Coyle, Richard Briffault, Republican megadonors Organizations: Philadelphia DA, Elon Musk's, Trump, Service, Elon Musk's America PAC, DA, Democratic, America PAC, PAC, Twitter, Business, Philadelphia, Republican, Democrats, America, Columbia Law School, Department, DOJ, 24sight News . America PAC Locations: Philadelphia, Pennsylvania, Georgia, Nevada , Arizona , Michigan , Wisconsin, North Carolina, Nevada, Hastings , Michigan

☆ Jeff Bezos has just as much at stake in this election as Elon Musk
▼ + stars: | 2024-10-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The billionaire has been less prominent in the election than Elon Musk — but still has much at stake. Bezos's Blue Origin is working with NASA and the Pentagon as it plays catch-up with Musk's SpaceX. Executives from Bezos' rocket company Blue Origin, including CEO Dave Limp, spoke with Donald Trump on Friday, The Associated Press reported. Like all private space companies, Blue Origin relies heavily on federal contracts and is competing with SpaceX for government and military projects. Blue Origin did not respond to a request for comment from Business Insider.

Persons: Jeff Bezos's, Elon Musk, —, Jeff Bezos, Dave Limp, Donald Trump, Kamala Harris, William Lewis, Bezos, Lewis, Robert Kagan, Michele Norris, Marty Baron, Baron, Elon, Artemis, it's, SpaceX's, Trump Organizations: Washington Post, NASA, Pentagon, Musk's SpaceX, Service, Bezos, Associated Press, New York Times, Trump, SpaceX, Republican, PAC, Business, Bloomberg, White, Twitter, United States Post, United States Postal Service, Web Services, of Defense, Microsoft Locations: Washington, The Texas, Amazon

☆ What These Founders Learned From Trying to Take on Elon Musk's Twitter
▼ + stars: | 2024-10-28 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

About three weeks after Elon Musk bought Twitter in October 2022, #RIPTwitter started trending. As the bird app's outlook grew more bleak, several alternative conversation platforms hatched: Narwhal, Spoutible, Spill, Post, and Cohost among them. I talked to several founders about what they learned trying to compete with Musk, and the state of civil discussion online. "There's a ton of power in whoever controls" a big social media platform, Thompson says. Spill, a Black-owned social platform, has been downloaded more than half a million times.

Persons: Elon Musk, RIPTwitter, shitposting, Gabor Cselle, Cselle, Meta, Jack Dorsey, Twitter, Musk, Twitters, he's, imminently, Fortune, Noam Bardin, Andreessen Horowitz, Bardin, Laurene Powell Jobs, Nicholas Thompson, Thompson, Narwhal, Trump, Hitler, Alphonzo Terrell, Kerry Washington, Terrell, there's, Joe Biden, Kamala Harris, Harris, I've, I'm Organizations: Elon, Google, Twitter, Anti Software Software, Politico, Boston Globe, The, Amplica Labs, Democratic, Spill, Phillies

A lawsuit by the Philadelphia DA would stop Elon Musk's $1M-a-day voter giveaway as early as Friday. Also on Monday, America PAC announced the tenth million-dollar winner. The DOJ did send a letter to America PAC warning that the giveaway might be illegal, a development first reported by 24sight News. America PAC did not announce a winner on Wednesday after the warning letter became public but has resumed announcements. Just hours after Krasner's lawsuit became public, America PAC crowned its latest winner, a man from Hastings, Michigan.

Persons: Elon, Larry Krasner, —, Krasner, Musk, Jordan, Anne Marie B, Coyle, Donald Trump's, Richard Briffault, Republican megadonors Organizations: Philadelphia DA, Elon Musk's, Service, Elon Musk's America PAC, America PAC, Business, Philadelphia, Republican, Democrats, America, Columbia Law School, Department, DOJ, PAC, 24sight News . America PAC Locations: Philadelphia, Pennsylvania, Georgia, Nevada , Arizona , Michigan , Wisconsin, North Carolina, Hastings , Michigan

☆ NASA chief and Democratic lawmakers urge investigation into reports of Musk-Putin conversations
▼ + stars: | 2024-10-27 | by ( Erin Snodgrass | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

The Wall Street Journal reported that Elon Musk and Vladimir Putin have shared secret calls since 2022. A former DoD analyst said that a relationship like this could pose national security concerns. Because of his work with the federal government via SpaceX, Musk holds a security clearance that gives him access to some classified information. "The security clearance adjudication process looks at several factors, and undue foreign influence is just one of those factors," Stransky, now a partner at Thompson Hine law firm, said. The existence of an ongoing Musk-Putin relationship would be further complicated by the billionaire tech leader's recent foray into US politics.

Persons: Elon Musk, Vladimir Putin, —, Bill Nelson, Musk, Putin, Nelson, Semafor, Adam Smith, aren't, Sen, Jeanne Shaheen, Smith, Shaheen, Dmitry Peskov, Steven Stransky, Thompson, Stansky, Robert English, Xi, Trump, he's, Tesla Organizations: Street Journal, Washington, Service, Democratic, SpaceX, Business, NASA, Department of Defense, House Armed Services Committee, Politico, Defense Department, New, New Hampshire Democrat, Senate Foreign Relations, Senate Armed Services Committee, DoD, National Reconnaissance Office, astronautics, Pentagon, Department of Homeland Security, National Security Council, Central, University of Southern, Trump Locations: New Hampshire, University of Southern California, Taiwan

☆ How to dance the earnings two-step: Recognize initial stock distortions and then act
▼ + stars: | 2024-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly

☆ People paid $50,000 to reserve Tesla's new Roadster nearly 7 years ago. Its launch date remains a mystery.
▼ + stars: | 2024-10-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Elon Musk recently said Tesla's Roadster takes a back seat to more pressing projects. Nearly seven years after first unveiling the new Roadster, its release date remains a mystery. During Tesla's third-quarter earnings call, Elon Musk thanked the "long-suffering deposit holders," many of whom paid $50,000 in 2017 to reserve the much-delayed electric sports car. Related storiesMusk first announced the new Tesla Roadster in November 2017 and said it would be "the fastest production car ever made, period." The interior design of the Tesla Roadster was shown off in November 2017.

Persons: Tesla's, Elon Musk, —, Tesla, Musk, weren't, Kate Leaman, Leaman, it's, Jacob Bourne, Bourne, Dan Ives, Don Lemon, Peter Thiel Organizations: Analysts, Service, Wall Street, Business, Tesla, Base Roadster, SpaceX

☆ VCs are 'hedging their bets,' backing competing LLMs like Anthropic and OpenAI, breaking a long-standing venture taboo
▼ + stars: | 2024-10-26 | by ( Ben Bergman | Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Venture firms are increasingly investing in competing LLM startups like OpenAI and xAI. Some VCs argue investing in multiple LLMs is strategic, while others see it as unethical. AdvertisementWhen venture firms pull out their checkbooks, there has traditionally been an unspoken rule: Do not back a competitor. Sound Ventures and Wisdom Ventures backed both OpenAI and Anthropic. There is also the matter of money, with only a handful of firms capable of writing the colossal checks required to fund LLM companies.

Persons: VCs, —, Joe Aaron, — Sheel, Andreessen Horowitz, Elon Musk's XAI, Ilya Sutskever, Umesh Padval, Padval, Anthropic, OpenAI, Gregg Hill, they've Organizations: Service, Sequoia Capital, Fidelity, Ark Invest, Sound Ventures, Wisdom Ventures, Thomvest Ventures, Parkway Venture, Madrona Ventures, NASDAQ Locations: OpenAI, Canadian

☆ Biden says Elon Musk was an 'illegal worker' when he began U.S. career
▼ + stars: | 2024-10-26 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

President Joe Biden called out Tesla and SpaceX CEO Elon Musk, now a Republican megadonor and Trump campaign surrogate, for hypocrisy on immigration on Saturday, saying Musk launched his long career in the U.S. as an "illegal worker" before becoming the world's wealthiest man. The president made these remarks at a campaign event to support Democrats that took place in Pittsburgh, Pennsylvania, on Saturday. Labeling Musk as former President Donald Trump's wealthy new "ally," Biden said, "That wealthiest man in the world turned out to be an illegal worker here when he was here," referring to Musk. The Trump campaign did not immediately respond to CNBC's request for comment on Biden's remarks. Musk had arrived in the U.S. with the stated intention of attending grad school at Stanford in the mid-90s.

Persons: Joe Biden, Elon Musk, Musk, Donald Trump's, Biden, He's, Trump, Zip2, Tesla, Kamala Harris, it's, Brennan, —, Rebecca Picciotto Organizations: SpaceX, Republican, Trump, America PAC, Peterson Institute for International Economics, Washington Post, Stanford, Forbes, Twitter, Democratic, Brennan Center for Justice Locations: U.S, Pittsburgh , Pennsylvania, United States, Pennsylvania, Musk's

☆ I tried Elon Musk's Starlink WiFi on its first Qatar Airways flight. Making video calls at 36,000 feet is a game changer for business and leisure.
▼ + stars: | 2024-10-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

I was on board Qatar Airways' first flight featuring Elon Musk's Starlink internet. AdvertisementQatar Airways launched its first flight featuring Elon Musk's Starlink WiFi on Tuesday — and Business Insider was invited to the event. I was flying in the QSuite business class for this media event, but Starlink WiFi is free for passengers in every cabin. By contrast, the Starlink WiFi was as high as 215 megabits — faster than most home internet speeds. Crucially, there's almost no downtime as Starlink operates gate-to-gate, while standard inflight WiFi is only activated at cruising altitude.

Persons: Elon Musk's, —, Elon, Starlink cupcakes, Pete Syme, Tom Boon, Thom, laud Organizations: Qatar Airways, Service, Business, Doha's Hamad International Airport, Skytrax, Airlines, United Airlines, Air Locations: Doha's, Qatar, London, Europe, Instagram, Air France, Persian

☆ Tesla ends the week on a high fueled by earnings 'surprise'
▼ + stars: | 2024-10-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Tesla stock has surged since the company reported earnings on Wednesday. AdvertisementTesla's stock price has been on a tear in the two days since the carmaker reported quarterly earnings that exceeded expectations. AvaTrade's chief market analyst, Kate Leaman, told BI that Tesla's earnings were a "surprise beat, which always gives the stock a push." Ahead of the earnings report, analysts had concerns about waning EV demand and the impact of Tesla's price cuts on its profitability. Dan Ives, a Tesla bull and an analyst at Wedbush Securities, called Tesla's earnings figures a "Goldilocks quarter."

Persons: Jacob Bourne, —, Elon Musk, Tesla, Kate Leaman, Tom Narayan, Dan Ives, Emarketer's Bourne, Tesla's Cybercab, Bourne, Chowdhry, Donald Trump, Narayan, Musk Organizations: Wall Street, Service, Wall, Business, RBC Capital, Wedbush Securities, Global, Tesla Locations: Texas, California, Bay

As Elon Musk continues to aggressively share conspiracy theories and misinformation about elections on X, election officials are fighting back. In three instances in the last month, Musk's posts highlighting election misinformation have been viewed over 200 times more than fact-checking posts correcting those claims that have been published on X by government officials or accounts. False claims he has posted this month routinely receive tens of millions of views, by X’s metrics, while rebuttals from election officials usually receive only tens or hundreds of thousands. “He is at least implicitly telling people: don’t trust the people that are running elections, trust me, trust x.com, trust Donald Trump. “You’re constantly building up a kind of armor against rationality, against fact-finding, and against the idea that election officials and responsible media can even be credible,” he said.

Persons: Elon Musk, they’re, Barb Bynum, ” Bynum, Donald Trump’s, Biden, Musk, Bynum, Musk’s, —, Jocelyn Benson, Benson, Bonnie Cash, Kate Conger, Ryan Mac, Seth Bluestein, Bluestein’s, ” Bluestein, Donald Trump, Hitler, ”, Kamala Harris, Eddie Perez, ” Perez, “ You’re Organizations: Corrections, NBC News, Michigan, Bynum ., Twitter, New York Times, Republican, Trump —, Atlantic, Henrico, OSET Institute Locations: Musk’s, Michigan, U.S, Bynum . Michigan, Washington ,, Philadelphia, Republican Philadelphia, Pennsylvania, Henrico County , Virginia, Virginia

☆ Elon Musk's secret talks with Putin ramped up during his Twitter takeover: WSJ report
▼ + stars: | 2024-10-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

watch nowTesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Currently, the SpaceX website says that a "service date is unknown at this time," for Starlink in Taiwan for general customers. Musk and representatives for X, SpaceX and Tesla did not immediately respond to requests for comment. The conversations between Musk and Putin, who once ran the KGB, reportedly occurred as Musk was in the midst of a leveraged buyout and takeover of Twitter. He continued to promote the idea, via X (formerly Twitter) that some Ukraine citizens would prefer to join Russia.

Persons: Elon Musk, Vladimir Putin, Putin, Musk, withold, Xi Jinping, Bill Nelson, Donald Trump's, Donald Trump, Anna Moneymaker, Mike Gallagher, StarShield, Tesla, NASA's, Joe Raedle, Ian Bremmer, Volodymyr Zelenskyy, Sen, Lindsay Graham, Garry Kasparov, Lisi Niesner, Yuri Milner, Dana Rohrabacher, Rohrabacher, Rohrabacher's Organizations: SpaceX, Wall Street, Republican, Pentagon, NASA, Department of Defense, CNBC, ., NBC, X, KGB, Twitter, Polaris, NASA's Kennedy Space Center, Eurasia Group, NATO, Kremlin, Eastern Economic, Reuters, SXSW, Roscosmos, Russian Space Locations: U.S, Russia, Ukraine, Taiwan, Beijing, Washington, Butler , Pennsylvania, China, Starlink, Cape Canaveral , Florida, Crimea, Ukrainian, Sevastopol, Vladivostok, Bakhmut, Donetsk region, Silicon, Russian, Orange County , California, Moscow

☆ Tiger Grandcubs on AI: How investors Dan Sundheim and Mala Gaonkar are thinking about the space
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

D1's Dan Sundheim and SurgoCap's Mala Gaonkar spoke about investing in AI a Chicago conference. Sundheim said it won't be private companies leading this tech change for once. Gaonkar said the most promising industry for short-term AI advances is the medical technology field. Sundheim, whose portfolio has billions invested in both public and private companies, believes the best way to tap into the AI frenzy is through public companies. PitchBook notes that the firm has made 228 investments in private companies since six years ago.

Persons: Dan Sundheim, Mala Gaonkar, Sundheim, Gaonkar, —, Lone, medtech, Julian Roberston's, Elon Organizations: Service, D1 Capital Partners, Tuesday's Invest, Kids, Business, Lone Pine, SurgoCap Partners, Institutional Investor, Tiger Cub, Viking Global, Tiger, Elon Musk's SpaceX, D1 Locations: Chicago

☆ Elon Musk has spent more than $130 million on Trump and the GOP this year
▼ + stars: | 2024-10-25 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Elon Musk's publicly disclosed spending for Trump and Republicans has exceeded $130 million. He also gave $10 million to a Mitch McConnell-aligned super PAC that helps elect Senate Republicans. AdvertisementElon Musk has now spent more than $130 million this year to elect Donald Trump and other Republican candidates, according to documents filed with the Federal Election Commission on Thursday. After pouring nearly $75 million into America PAC between July and September, Musk contributed another $43.6 million to the super PAC in the first two weeks of October. AdvertisementAltogether, Musk's publicly reported spending exceeds $130 million, though it's possible he's spent more than that on the election.

Persons: Elon Musk's, Mitch McConnell, —, Elon Musk, Donald Trump, Musk, Tony Gonzales, Musk's, Kamala Harris Organizations: Trump, Republicans, Trump " America PAC, Service, Republican, Federal, America PAC, businessman's, Leadership Fund, Senate Republicans, Leadership Alliance, National Republican Congressional Committee, House Republicans, titans, Department of Justice Locations: Tony Gonzales of Texas, Israel, Pennsylvania

☆ Elon Musk's reported contact with Putin is 'very concerning,' says fmr. NSA general counsel Gerstell
▼ + stars: | 2024-10-25 | 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 reported contact with Putin is 'very concerning,' says fmr. NSA general counsel GerstellGlenn Gerstell, former general counsel for the National Security Agency, joins CNBC's 'Money Movers' to discuss Elon Musk's reported contact with Vladimir Putin, how such contact should be reported to the government, and more.

Persons: Elon Musk's, Putin, Gerstell Glenn Gerstell, Vladimir Putin Organizations: NSA, National Security Agency

☆ Tesla's energy storage business was the highlight of its blowout earnings, and Elon Musk says it's 'growing like wildfire'
▼ + stars: | 2024-10-25 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024. Elon Musk said on Tesla's earnings call that the energy unit is "growing like wildfire." Revenue for Tesla's energy generation and storage business was nearly $2.4 billion in the third quarter of 2024, up 52% from the same period last year. Advertisement"The energy storage business is growing like wildfire, with strong demand for both Megapack and Powerwall," Musk said. The billionaire said that Tesla's Megapack factory in Lathrop, California, had hit an important production milestone of 200 units per week.

Persons: Tesla, Elon Musk, —, it's, Elon Musk's, That's, Musk Organizations: Service, Tesla Locations: Lathrop , California, Shanghai, Megapack

☆ Palantir co-founder Joe Lonsdale on Musk-Putin conversations, state of 2024 election
▼ + stars: | 2024-10-25 | 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 EmailPalantir co-founder Joe Lonsdale on Musk-Putin conversations, state of 2024 electionJoe Lonsdale, Palantir co-founder and 8VC founding partner, joins 'Squawk Box' to discuss reports of Elon Musk's secret conversations with Vladimir Putin, state of the 2024 election, and more.

Persons: Joe Lonsdale, Palantir, Elon, Vladimir Putin Organizations: Musk

☆ Putin once asked Elon Musk to not activate Starlink over Taiwan as a favor to Xi Jinping: report
▼ + stars: | 2024-10-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Vladimir Putin asked Elon Musk to withhold Starlink from Taiwan as a favor to China, per The Wall Street Journal. Musk has been in regular contact with Putin since 2022, the Journal reported, citing officials. AdvertisementRussian leader Vladimir Putin once asked Elon Musk to withhold Starlink access from Taiwan as a favor to China's Xi Jinping, The Wall Street Journal reported. AdvertisementThe Journal reported that in late 2023, Musk received his first request from the Kremlin to refrain from activating Starlink over Taiwan. Musk, SpaceX, the Pentagon, and NASA also did not respond to similar comment requests.

Persons: Vladimir Putin, Elon Musk, Musk, Putin, —, Xi, Defense Department —, Ian Bremmer, Per Bremmer, Dmitry Peskov, Peskov, Musk's, Donald Trump, Karoline Leavitt, there's, it's President Trump, Leavitt, Trump Organizations: Street, Service, Street Journal, SpaceX, Pentagon, NASA, The New York Times, Defense Department, Business, New York Times, Eurasia Group, Kremlin, Putin, Trump, it's, Republican Locations: Starlink, Taiwan, China, Moscow, Beijing, Europe, Russia, Russian, Washington, Ukraine, Crimea

☆ Elon Musk is going 'founder mode' in his bid to get Donald Trump elected
▼ + stars: | 2024-10-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Musk is now deploying his trademark intensity, money, and norm-smashing to elevate a brand beyond his business empire: Donald Trump. Musk going Founder Mode is compelling to many. It could mean more of them become invested in Trump's campaign than might have otherwise, Ferrari Braun said. Ferrari Braun said Musk uses his celebrity to get people to buy into a vision. "He's trying to do the same thing for the election," Ferrari Braun said.

Persons: Elon, Donald Trump, Musk, —, Elon Musk, Brian Ott, Trump, Harris, It's, Agustin Ferrari Braun, Ferrari Braun Organizations: Pro, Trump America PAC, Service, Twitter, Trump, Business, Department of Communication, Media, Journalism, Missouri State University, The New York Times, Siena, University of Amsterdam, Tesla Locations: Pennsylvania, America, Swatara Township, Butler , Pennsylvania

☆ Former U.S. ambassador to Russia criticizes Elon Musk's reported contact with Putin
▼ + stars: | 2024-10-25 | 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 EmailFormer U.S. ambassador to Russia criticizes Elon Musk's reported contact with PutinMichael McFaul, former U.S. Ambassador to Russia, and Victoria Coates, Heritage national security and foreign policy president, join 'The Exchange' to discuss the reports of Elon Musk's contact with Vladimir Putin, CEO relationships with world leaders, and much more.

Persons: Elon Musk's, Putin Michael McFaul, Victoria Coates, Elon, Vladimir Putin Organizations: Former U.S, Heritage Locations: Russia, U.S

☆ Senators call for DOJ probe into Elon Musk's $1 million giveaway
▼ + stars: | 2024-10-25 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Elon Musk's $1 million giveaway to registered voters has raised legal questions. AdvertisementTwo Democratic members of the Senate Judiciary Committee are calling on the Department of Justice to launch an investigation into Elon Musk. AdvertisementThey noted that Musk's giveaway, which requires participants to be registered to vote in order to participate, may violate laws that forbid paying people to vote, or register to vote. Welch and Blumenthal argued that Musk's giveaway is "explicitly designed to induce people to register to vote." Spokespeople for America PAC and the Department of Justice did not immediately respond to a request for comment.

Persons: Elon Musk's, —, Musk, Donald Trump, Peter Welch of Vermont, Richard Blumenthal, General Merrick Garland, Welch, Blumenthal, Garland, Spokespeople, Read Organizations: of Justice, DOJ, Service, Department of Justice, Elon, America PAC, Sens, Senate Locations: Connecticut

☆ Tesla shares jump on profit beat, Elon Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-24 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +6 min

Automotive revenue increased 2% to $20 billion from $19.63 billion in the same period a year earlier and is about flat since late 2022. Energy generation and storage revenue soared 52% to $2.38 billion, while services and other revenue, which includes revenue from non-warranty repairs of Tesla vehicles, jumped 29% to $2.79 billion. Earlier this month, Tesla reported third-quarter vehicle deliveries of 462,890. While deliveries increased 6% from a year earlier, they fell shy of analysts’ expectations and followed two straight quarters of year-over-year declines. “Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024,” the company said in its earnings deck Wednesday.

Persons: Tesla, Elon Musk, FactSet, Musk, ” Tesla, “, Kelley, Vaibhav Taneja, Li Auto, Donald Trump, Trump, doesn’t Organizations: Revenue, Energy, that’s, California Public Utilities, Li, Ford, General Motors, Trump, Nasdaq Locations: Texas, California, Bay, U.S, China, Harrisburg , Pennsylvania

☆ The Atlantic responds to Elon Musk sharing fake image of magazine
▼ + stars: | 2024-10-24 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +5 min

The Atlantic magazine has found itself in Elon Musk’s crosshairs after it fact-checked a fake image he shared that depicted an article with a headline that never actually ran in the publication. The statement did not mention Musk by name. According to The Atlantic, it is one of several notable instances in the last several years in which faked images of articles from the magazine have gone viral. Both Musk’s and the user’s posts with the fake article were later marked with “Community Note” that clarified that the image was “not a real article.” The Community Note also attributed the edited image to the user and said it was “a satirical edit/photoshop of another article.” Musk did not respond to a request for comment. Forbes reported that in August, Musk reshared a post including a manipulated headline that resembled the British newspaper The Telegraph.

Persons: Elon Musk’s, “ Trump, ”, Musk, “, haring, ake, ike, ould, egan, ince, ike F all” Organizations: The, ats Locations: Elon, tring, ashington, ost, usk

☆ Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark

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