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☆ 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

☆ 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

Musk is now worth about $269 billion, according to Forbes, putting him more than $50 billion ahead of good friend and former Tesla board member Larry Ellison, who remains the largest shareholder in Oracle . Tesla shares soared 22% at the close, their second-biggest gain since the company's IPO in 2010. Prior to the earnings announcement, Tesla shares had been slumping and were headed for their worst month since January. But the stock erased its loss for the year and is now up 5% in 2024, compared to the Nasdaq's 23% gain. Tesla reported earnings per share of 72 cents, topping the average analyst estimate of 58 cents.

Persons: Elon Musk, Musk, Larry Ellison, Tesla's, Tesla Organizations: Forbes, Oracle, SpaceX, Twitter Locations: Los Angeles , California, U.S, FSD

☆ Tesla shares surge 19% and head for best day in more than 3 years on Musk's 2025 growth projection
▼ + stars: | 2024-10-24 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. Tesla shares soared roughly 19% Thursday morning, putting the stock on pace for its best day in more than three years, following the company's better-than-expected earnings report. Tesla reported earnings per share of 72 cents adjusted, topping the average analyst estimate of 58 cents. Analysts at Morgan Stanley who recommend buying the stock, called Musk's 2025 vehicle delivery growth prediction a "maybe." It "clearly depends on the company's ability to improve affordability through cheaper model (next gen) introduction, financing offers and improved features," the Morgan Stanley analysts wrote in a note on Thursday.

Persons: Elon Musk, Mark Read, Tesla, FactSet, Morgan Stanley, — CNBC's Lora Kolodny Organizations: Cannes Lions, JPMorgan, Nasdaq Locations: Cannes, France

☆ 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

☆ Stock futures are little changed after S&P 500 snaps 3-day losing streak: Live updates
▼ + stars: | 2024-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures are muted Thursday night after the broad index ended a three-day negative streak. Futures tied to the broad index added less than 0.1%, as did Nasdaq 100 futures . The Nasdaq Composite joined the S&P 500 in finishing the session in the green, with both lifted by Tesla' s post-earnings rally. A slide in Treasury yields also gave the S&P 500 and Nasdaq upward momentum, according to Megan Horneman, chief investment officer at Verdence. The Dow has fared the worst with a drop of more than 2% as of Thursday's close, while the S&P 500 and Nasdaq have shed 0.9% and 0.4%, respectively.

Persons: Dexcom, Tesla, Elon, Megan Horneman, Horneman, Dow, They'll Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Treasury, IBM, Boeing, Colgate, Palmolive, AutoNation, Newell Brands, University of

☆ Elon Musk added over $30 billion to his net worth in a day on Tesla's post-earnings stock surge
▼ + stars: | 2024-10-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Elon Musk's net worth soared by about more than $30 billion on Thursday after Tesla stock surged 22%. AdvertisementElon Musk added more than $30 billion to his net worth on Thursday after Tesla stock soared following its third-quarter earnings results. The massive gain puts Elon Musk's total net worth at just over $270 billion, according to data from Bloomberg. Musk's entire Tesla stake is worth about $123 billion. The billionaire owns about a 42% stake in the space exploration company with a total value of just over $80 billion, according to Bloomberg.

Persons: Elon, —, Elon Musk, Tesla, Jeff Bezos, Larry Ellison Organizations: SpaceX, Service, Elon, Bloomberg, The Boring Company Locations: Tesla

☆ 6 new things Elon Musk said about the Cybercab on Tesla's earnings call
▼ + stars: | 2024-10-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Elon Musk talked more about the autonomous Cybercab during Tesla's third-quarter earnings call. AdvertisementIt's been less than a month since Elon Musk unveiled the Tesla Cybercab, an autonomous robotaxi without a steering wheel or pedals, at the company's "We, Robot" event. AdvertisementMusk says Cybercab will reach volume production in 2026Tesla's Cybercab was first shown off at the company's "We, Robot" event on October 10, 2024. "I do feel confident of Cybercab reaching volume production in '26, not just starting production, reaching volume production in '26," he said. "It's not, it's especially not just a revolutionary vehicle design, but a revolution in vehicle manufacturing that is also coming with the Cybercab," Musk said.

Persons: Elon Musk, Musk, —, It's, Tesla, Tesla's Cybercab, Tesla Musk, it's Organizations: Service, Wall Street Locations: Texas, California

☆ Elon Musk's XAI Member Jimmy Ba Redefines AI With Deep Neural Networks
▼ + stars: | 2024-10-24 | by ( Monica Melton | ) www.businessinsider.com time to read: +1 min

Within Elon Musk's xAI, Ba chips away at the big, nebulous goal to "understand the true nature of the universe." Ba, part of Business Insider's 2024 AI Power List, has a background in deep neural networks, a type of artificial-intelligence model consisting of a layered network of artificial neurons that mimic pathways in the human brain. He was also a research fellow at Meta, where he focused on understanding how "attention-based" neural networks behaved. "One day there will be humanlike learning machines capable of understanding our cultural norms and the nuances in our human values. See Business Insider's full AI Power List

Persons: Elon Musk's, He's, Geoffrey Hinton, Ba Organizations: Elon, University of Toronto, Meta

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ Why Walmart stock keeps hitting new highs, making the Waltons richer than ever
▼ + stars: | 2024-10-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Walmart stock has soared 58% this year to record highs, making its founding family richer than ever. Retail legend Sam Walton's three surviving children are each worth more than $100 billion. Walmart and the Waltons have benefited from a signature strategy and cost pressures on consumers. The stock surge has added more than $32 billion to the fortunes of each of founder Sam Walton's three surviving children — Jim, Rob, and Alice. But it's true the vast majority of the family fortune remains in the hands of Sam Walton's children.

Persons: Sam Walton's, —, they're, Jim, Rob, Alice, Elon Musk, David King, who've, King, Art Weinstein, Florida who's, Weinstein, Sam Walton shrewdly, . King, Jeff Bezos, Mark Zuckerberg, Sam Walton, John T, Lukas Walton, it's Organizations: Walmart, Waltons, Service, Bloomberg, Elon, Sam's, Management, Florida State University, Logistics, Procter, Nova Southeastern University, Tech, Tesla, SpaceX, Amazon Locations: Florida

☆ Forget the Robotaxi: Wall Street cares about Tesla's business basics
▼ + stars: | 2024-10-24 | by ( Kelsey Vlamis | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

AdvertisementTesla's earlier Robotaxi unveiling failed to impress investors, despite a surprise Robovan announcement and promises that unsupervised fully autonomous driving would be available in California and Texas next year. After the unveiling, Tesla's stock fell 10%. And the stock increase shows just how much analysts focus on the near-term and Tesla's automotive business, he said. The company also said in its earnings report that production on "more affordable models" remains on track for the first half of 2025. Musk also touted other aspects of Tesla's business, including its energy products and fully autonomous self-driving cars.

Persons: —, Tesla, Musk, Piper Sandler, Dan Levy, Gene Munster, Mark Narayan Organizations: Tesla, Service, Elon Musk's, Analysts, Barclays, Deepwater Asset Management, RBC Capital Markets, Optimus Locations: California, Texas

☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

The Justice Department declined to comment, and the super PAC’s treasurer did not immediately reply to a voicemail message requesting comment. On Monday, a group of ex-prosecutors and other former government officials sent a letter to the Justice Department requesting an investigation. Legal experts have told NBC News that they believe Musk’s contest falls into a legal gray area and could violate election law, but not necessarily. So far, several of the winners have appeared in short videos for America PAC talking about their support for former President Donald Trump. Musk, who has endorsed Trump’s campaign, launched America PAC in an effort to help elect him.

Persons: Elon, ”, Matthew Sanderson, Musk, “, Donald Trump, Trump’s, Trump Organizations: Elon Musk’s, PAC, America PAC, CNN, Justice Department, NBC News, NBC, SpaceX, Bloomberg Locations: Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Pennsylvania, Harrisburg , Pennsylvania

☆ Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
▼ + stars: | 2024-10-23 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +6 min

Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue during the quarter. 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. "Despite ongoing macroeconomic conditions, we expect to achieve slight growth in vehicle deliveries in 2024," the company said in its earnings deck Wednesday.

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

Qatar Airways Group CEO Badr Al Meer (center) and Qatar Tourism Chairman Saad bin Ali Al Kharji (left) speak with Elon Musk (right) via Starlink on board the flight. Qatar Airways launched Tuesday its inaugural Boeing 777 flight equipped with Elon Musk's Starlink internet, paving the way for a new era of in-flight connectivity across its entire fleet by next year. To demonstrate the milestone, Qatar Airways CEO Badr Al Meer held a video call with Starlink founder Musk while flying at 35,000 feet from Doha to London. Qatar Airways' move to introduce free high-speed internet across its fleet is a direct challenge to competitor airlines who typically offer lower-speed and often patchy paid services, or status-restricted wi-fi access to the flying public. Over time I think you'll find it just gets better and better," Musk said before Al Meer gave him a video tour of the cockpit.

Persons: Badr Al Meer, Saad bin Ali Al Kharji, Elon Musk, Elon Musk's, Musk, We're, Al Meer, Saad bin Ali Al, Kharji Organizations: Qatar Airways Group, Qatar Tourism, Qatar Airways, Boeing, Elon, Qatari, Airbus Locations: Qatar, Starlink, Doha, London, Qatari

☆ Robert Downey Jr. says he wishes Elon Musk 'would control his behavior a little more'
▼ + stars: | 2024-10-22 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Robert Downey Jr. discussed SpaceX founder Elon Musk on the Kara Swisher podcast. The "Iron Man" star said he wishes the businessman "would control his behavior a little more." Musk had a cameo in "Iron Man 2" because he has been compared to Downey Jr.'s character, Tony Stark. AdvertisementRobert Downey Jr. said Elon Musk should "control his behavior a little more," jabbing the billionaire CEO who has often prompted comparisons with Tony Stark. Gwyneth Paltrow as Pepper Potts, Robert Downey Jr. as Tony Stark, and Elon Musk in "Iron Man 2."

Persons: Robert Downey Jr, Elon Musk, Kara Swisher, Musk, Downey, Tony Stark, —, Downey Jr, Stark, Gwyneth Paltrow, Pepper Potts, — Swisher, that's, Mark Fergus, Donald Trump, Steve Jobs, Fergus, Trump, Tesla, Machete Organizations: SpaceX, Service, Marvel, Monaco, Prix, Paramount, Marvel Studios, Disney, New York Magazine, Apple

☆ Elon Musk joined a video call at 38,000 feet to show off Qatar Airways' new Starlink WiFi
▼ + stars: | 2024-10-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Qatar Airways' first flight using Elon Musk's Starlink took off on Tuesday. The SpaceX CEO previously joined a video call with the Qatar CEO, who was on board a test flight. AdvertisementQatar Airways has launched its first flight featuring Elon Musk's Starlink internet. On a previous test flight, Musk joined a video call with Qatar Airways CEO Badr Mohammed Al-Meer. Related stories"It's only going to get better," Musk replied.

Persons: Elon Musk's Starlink, —, Elon Musk's, Musk, Badr Mohammed Al, Meer, Saad bin Ali Al, Skytrax — Organizations: Qatar Airways, Elon, SpaceX, Business, Service, Boeing, London Heathrow, Airbus, Qatar Tourism, Qatar —, Skytrax, Hawaiian Airlines, United Airlines, Air Locations: Qatar, Doha, Al, Air France

☆ Mark Cuban says the election is now a battle between Kamala Harris and Elon Musk, not Donald Trump
▼ + stars: | 2024-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Mark Cuban on CNBC said the presidential campaign is now a fight between Kamala Harris and Elon Musk. Cuban said the outcome of the election hinges on voter turnout, which Musk has made a priority. AdvertisementBillionaire businessman Mark Cuban on Monday said the presidential campaign has become a battle between Vice President Kamala Harris and Tesla CEO Elon Musk rather than Donald Trump. "And the crazy thing is, it's the Harris campaign versus Elon — not even versus Trump." AdvertisementThe Harris campaign and representatives for Musk did not immediately respond to requests for comment from Business Insider.

Persons: Mark Cuban, Kamala Harris, Elon Musk, Musk, —, Donald Trump, Harris, Elon —, Elon, Brian Hughes, David Sacks, Trump, Matthew Alvarez, Tucker, Musk hasn't Organizations: CNBC, Service, Trump, Elon, Musk's America PAC, Business, Cuban, Rutan Locations: Cuban

☆ Elon Musk's X has made hundreds of thousands of dollars from his super PAC
▼ + stars: | 2024-10-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Elon Musk's super PAC has spent over $200,000 on advertising on X. AdvertisementElon Musk's super PAC has spent hundreds of thousands of dollars to promote content on X, underscoring how the billionaire businessman's politics and business ventures are continuing to collide. Make your plan to vote today and help President Trump win Georgia and secure the border! — America PAC (@theamericapac) September 1, 2024A spokesperson for America PAC declined to comment. America PAC has spent over $100 million to elect Trump, as well as at least $10 million on over a dozen House GOP candidates.

Persons: Elon, —, Musk, Kamala Harris, Harris, Trump, Donald Trump Organizations: Elon Musk's, Service, PAC, Georgia, America PAC, WIRED Locations: Musk's, Arizona , Nevada , Pennsylvania, Michigan , Wisconsin, Georgia, North Carolina, America

☆ Elon Musk's 'We, Robot' event is getting heat from another big Hollywood player
▼ + stars: | 2024-10-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The producer of "Blade Runner 2049" is suing Elon Musk and Tesla for copyright infringement. Alcon Entertainment said Musk used imagery inspired by the film at its "We, Robot" event. Advertisement"Blade Runner 2049" producer Alcon Entertainment filed a lawsuit against Tesla CEO Elon Musk on Monday, citing images he displayed at his big "We, Robot" event. "Blade Runner 2049" is a sequel to director Ridley Scott's dystopian sci-film "Blade Runner," released in 1982. "Alcon did not want BR2049 to be affiliated with Musk, Tesla, or any Musk company, for all of these reasons," Alcon added.

Persons: Elon, Tesla, Alex Proyas, —, Elon Musk, Musk, Ridley, Alcon, Optimus, Hey Elon, Proyas Organizations: Alcon Entertainment, Service, Musk, Entertainment, BI Locations: Hollywood

☆ Flight logs show Elon Musk's private jets are busy hitting swing states as he campaigns for Trump
▼ + stars: | 2024-10-21 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +5 min

Elon Musk's private planes made eight flights to Pennsylvania this past week, flight logs show. Elon Musk's private planes took eight flights to and from Pennsylvania over the past week as the billionaire rallied voters. Elon Musk's private jet in Harrisburg on October 19. In the weeks leading up to Musk's Pennsylvania rallies, SpaceX launched its fifth Starship test flight, successfully catching the spacecraft's Super Heavy booster for the first time. While Musk has been campaigning for Trump, Tesla has been preparing for its third-quarter earnings call on Wednesday.

Persons: Elon, Donald Trump, —, Musk, Trump, I've, Musk's Trump, Tesla, Mary Barra Organizations: Service, Business, Elon Musk's, New York Times, Trump, Pittsburgh, SpaceX, State College ,, Elon, Keystone Intel, State College , Pennsylvania, PAC, America PAC, Federal, General Locations: Pennsylvania, Butler , Pennsylvania, Philadelphia, Pittsburgh, State College , Harrisburg, Harrisburg, Savannah , Georgia, Hawthorne , California, Austin, California, Texas, Nevada

☆ Why famed short-seller Carson Block won't bet against Tesla
▼ + stars: | 2024-10-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Famed short-seller Carson Block says he wouldn't bet against Elon Musk's Tesla. "I just won't bet against Elon." AdvertisementCarson Block, known for his shrewd short bets against companies, says he won't bet against Tesla. It's an about-face of sorts for Block, who said he'd bet against Tesla in the past. "I just won't bet against Elon."

Persons: Carson Block, Elon Musk's Tesla, Block, Elon, —, Carson, Tesla, Muddy Waters, … Elon, Tesla's, haven't, that's Organizations: Elon, Service, Muddy, Bloomberg

☆ Elon Musk's $1 million giveaway may not be legal
▼ + stars: | 2024-10-21 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Elon Musk is giving away $1 million each day to a voter who signs a petition. AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, according to election law experts. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."

Persons: Elon Musk, —, Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, I'm, he's, Rick Hasen, Josh Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Musk's America PAC, Pennsylvania, Gov Locations: Harrisburg , PA, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles

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