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☆ Tesla shareholders say Elon's influence makes Kimbal Musk and James Murdoch unsuitable for the company's board
▼ + stars: | 2024-05-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

A group of Tesla shareholders are urging others to reject Musk's proposed pay package. They also want shareholders to vote against the reelection of board members James Murdoch and Kimbal Musk. The shareholders cited concerns about Murdoch's and Kimbal Musk's personal ties to the Tesla CEO. AdvertisementA group of Tesla shareholders are urging others to vote against the reelection of Kimbal Musk and James Murdoch to the Tesla Board and reject a plan to give Tesla CEO Elon Musk a hefty pay package. Per the shareholders, they believe there is "ample evidence" that Tesla's entire board of directors is "overly beholden to CEO Musk."

Persons: Musk's, James Murdoch, Kimbal, —, Kimbal Musk, Elon Musk, Murdoch, Musk Organizations: Service, Tesla, SEC

☆ I worked at SpaceX where Elon Musk was a cubicle away. At Elon's companies, it's add value or leave.
▼ + stars: | 2024-05-08 | by ( Jamie Killin | ) www.businessinsider.com time to read: +8 min

Vincent Peters worked in military compliance when he was poached to work at SpaceX. So I graduated on medical leave, couldn't be deployed, and continued on medical leave for another six months before being discharged. I was introduced to people on the SpaceX Mission team, and ultimately, they asked me to interview with them for a job at SpaceX. AdvertisementThat mentality is how I started working on Starlink. In 2020, I asked to help and was allowed to work on their projects in addition to my work at SpaceX.

Persons: Vincent Peters, —, couldn't, Freddie Mac, I'd, Gwynne Shotwell, I've, it's, It's, We're Organizations: SpaceX, Service, Federal Aviation Administration, US Government, SpaceX Mission, International, NASA, Department of Defense, SpaceX SpaceX, Elon Locations: West, cubicles, Elon

☆ Tesla's chaotic layoffs leave employees nervous and wondering when the cuts will end
▼ + stars: | 2024-04-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla employees say they've been left in limbo after a week of layoffs. AdvertisementIn the wake of Tesla's mass layoffs last week, some workers who are still at the carmaker say they feel as if they've been left in limbo. Tesla workers have been put through the wringer ever since layoffs started on Sunday, April 14. "It was like all at once, people you'd seen every day were just erased from the company," the worker said. On Friday, Tesla's layoffs impacted its recruiting staff in the US.

Persons: they've, Elon Musk, —, Elon, they'd, you'd, we'd Organizations: Elon, Tesla, Service, EV, Business, Bloomberg Locations: China

☆ Why Tesla wants to give Elon Musk a $55 billion pay package
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla is seeking shareholder approval for Elon Musk's pay package, which a judge previously struck down. AdvertisementWhy does Tesla's board think Elon Musk deserves a $55 billion pay package? Tesla plans to ask shareholders to vote again on Musk's $55 billion pay package after it was struck down by a Delaware Judge earlier this year. Tesla shareholders will be able to vote on the issue during the company's annual meeting in June. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth, initially set in place in 2018.

Persons: Tesla, —, Elon, Robyn Denholm, Denholm, Kathleen St, J, McCormick, Musk Organizations: Elon, Service, Delaware Judge, Securities and Exchange Commission, Delaware Court, Tesla, The New York Times Locations: Delaware, Texas

☆ Tesla scraps low-cost car plans amid fierce Chinese EV competition: Reuters
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +4 min

Tesla's cheapest current model, the Model 3 sedan, retails for about $39,000 in the United States. The stark reversal comes as Tesla faces fierce competition globally from Chinese electric-vehicle makers flooding the market with cars priced as low as $10,000. Plans for the affordable Tesla have been seen as key to delivering on Musk's stratospheric ambitions for sales growth. Expectations for a $25,000 vehicle have underpinned Wall Street analysts' more modest, but still ambitious, forecasts for Tesla sales. Those forecasts, according to a Tesla investor-relations document, call for vehicle sales rising to 4.2 million by 2028 from 1.8 million last year.

Persons: Tesla, Elon Musk, Musk, driverless, Tesla's, EVs, he'll, Walter Issacson Organizations: Reuters, robotaxis, SpaceX, Twitter, Toyota Locations: Texas, United States, robotaxi

☆ All the actors who have played Tom Ripley, including Andrew Scott in Netflix's 'Ripley'
▼ + stars: | 2024-04-04 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: 1 min

Alain Delon in "Purple Noon" (1960)Alain Delon in "Purple Noon." TitanusFive years after Patricia Highsmith's novel "The Talented Mr. Ripley" hit stands — the first of five Ripley novels — we already had the first big-screen adaptation. Marking the first role for legendary French actor Alain Delon, here he plays Ripley as a dashing young man who is tasked with bringing home Philippe Greenleaf. Instead, Ripley becomes Greenleaf. Unlike Matt Damon's portrayal in the role, from the start Delon's Ripley doesn't seem like someone anyone should trust.

Persons: Alain Delon, Patricia Highsmith's, Ripley, Philippe Greenleaf, Matt Damon's Locations: French, Greenleaf

☆ Elon Musk's having a terrible year
▼ + stars: | 2024-04-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read preview2024 has been off to a rough start for Elon Musk. Musk's golden child, Tesla, has been facing headwinds in recent months. In the US, Musk's company is also facing softening demand from customers who appear to be growing increasingly weary of Musk's antics. Thus far, Musk's purchase of Twitter doesn't appear to be going according to plan. A judge recently tossed out a lawsuit Musk's X filed against a research group, saying the suit was an attempt to bully the social media site's critics into silence.

Persons: —, Elon Musk, Tesla, Justin Sullivan Wedbush, Dan Ives, Ives, — that's, Oppenheimer, Colin Rusch, Musk, he's, OpenAI, Sam Altman, Kent Nishimura, Musk's X, X, Neuralink Organizations: Service, Elon, Business, EV, Twitter, CNBC, Tesla, Bloomberg, Fidelity, SpaceX Locations: Berlin, BYD

☆ Come on, everyone, let's buy TikTok!
▼ + stars: | 2024-03-14 | by ( Henry Blodget | ) www.businessinsider.com time to read: +5 min

So, in the wake of the (notably bi-partisan) House bill, some Americans are already volunteering to buy TikTok — such as former Treasury Secretary Steven Mnuchin. These investors would include private equity funds, hedge funds, pension funds, sovereign wealth funds, mutual funds, and, of course, banks. That's what Steven Mnuchin and everyone else who wants to buy TikTok are planning to do. That's why Mnuchin made his announcement on CNBC this morning — to let every investor on the planet who might give him money to buy TikTok know that he's raising money to buy TikTok. ("Wait — he's putting together a group to buy TikTok and he hasn't called us yet?

Persons: —, Let's, Steven Mnuchin, Mnuchin, Goldman Sachs, there's, Elon Musk, ByteDance, Steven Mnuchin's, hasn't Organizations: Service, Twitter, CNBC Locations: America, China, American, Banks

☆ Tesla's value has slumped by $234 billion this year — that's more than McDonald's, Disney, or Nike are worth
▼ + stars: | 2024-03-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Tesla's market value has tumbled $234 billion this year, or more than McDonald's or Disney are worth. Elon Musk's EV maker is close to losing more value than Netflix or Coke's entire market caps. AdvertisementTesla's market value has plunged by an astounding $234 billion this year — that's considerably more than McDonald's ($212 billion), Disney ($202 billion), and Cisco ($199 billion) are worth. That decline is close to the entire market caps of Netflix ($259 billion) and Coca-Cola ($257 billion), and larger than the entire market value of American Express ($158 billion) and Nike ($148 billion). It's also worth noting that Tesla is still worth more than 10 times the value of either General Motors ($46 billion) or Ford ($49 billion).

Persons: —, It's, He's, LVMH's Bernard Arnault, Jeff Bezos, Tesla, Musk, hasn't, Ross Gerber Organizations: Elon Musk's, Netflix, Service, Disney, Cisco, American Express, Nike, FedEx, Bloomberg, Motors, Ford Locations: China

☆ The OpenAI Files: Sam and co bring the receipts on Elon's involvement
▼ + stars: | 2024-03-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewOpenAI publicly fired back at Elon Musk's lawsuit on Tuesday in a blog post that revealed new details about Musk's relationship with the company. Lawyers for Musk and representatives for OpenAI did not immediately respond to requests for comment from Business Insider. In his lawsuit filed Friday, Musk accused OpenAI and its leaders of abandoning their open-source principles by partnering with Microsoft. "Elon soon chose to leave OpenAI, saying that our probability of success was 0, and that he planned to build an AGI competitor within Tesla," the blog post reads. The Tuesday blog post, which says OpenAI intends to move to dismiss all of Musk's claims, ends with assurances that, despite Musk's accusations, OpenAI is "focused on advancing our mission" and has "a long way to go."

Persons: —, we've, Musk, OpenAI, Sam Altman, Greg Brockman, Altman, Brockman, Elon, Reid Hoffman, Ilya Sutskever, Tesla, et Organizations: Service, Elon, Business, Musk, OpenAI, Microsoft, Google

By contrast, Musk appeared to discourage OpenAI co-founders from taking a too-lean approach to fundraising, according to emails the company reproduced from December 2018. The startup also said in its blog post that Musk sought to become OpenAI's CEO in 2017 as it was changing its structure. In emails from January 2018 reproduced by OpenAI, Musk agrees with an unnamed sender who encouraged the startup's co-founders to rely on Tesla as their "cash cow." CNBC has not independently verified the authenticity of the emails included in OpenAI's response on Tuesday, some of which contained partial redactions. Attorneys for Elon Musk were not available to comment on Tuesday night after OpenAI published its response.

Persons: Elon Musk, Musk, OpenAI, Sam Altman, Greg Brockman, —, Google's, Sutskever, Brockman, Altman, Tesla, xAI, Elon, OpenAI isn't, — CNBC's Jordan Novet Organizations: SpaceX, Microsoft, The New York Times, X Corp, CNBC, Elon Locations: OpenAI

☆ Silicon Valley moguls are weighing in on Elon Musk's battle with OpenAI and it's getting cattier than a 'Real Housewives' reunion
▼ + stars: | 2024-03-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk and his fellow billionaire tech bros are brawling over their differing views on OpenAI, and the back-and-forth is getting ugly. On Thursday, Elon Musk sued OpenAI and its CEO, Sam Altman. "Vinod doesn't know what he is talking about here," Musk wrote in a reply on X. "Vinod is lobbying to ban open source," Andreessen wrote on X.AdvertisementVinod is lobbying to ban open source. Representatives for Musk, Khosla, and Andreessen did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Elon Musk, OpenAI, Sam Altman, Altman, Musk, OpenAI didn't, Vinod Khosla, Khosla, Elon, Vinod doesn't, @OpenAI, Marc Andreessen, Vinod, Andreessen, D9ihtHEOiB, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, Business, xAI, Venture, Netscape Locations: OpenAI

☆ Sam Altman appeared to troll Elon Musk by dredging up a years-old Twitter post
▼ + stars: | 2024-03-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk filed a lawsuit against Sam Altman and OpenAI last week. AdvertisementSam Altman seemed keen to attract Elon Musk's attention by resurfacing an old conversation with the owner of X. Altman wrote "anytime" next to a salute emoji in the conversation thread, in which he had previously praised Musk and Tesla. Be the person on the side of the climate and innovation, not the person hoping to make money on puts," Altman wrote in 2019. OpenAI was founded by Altman, Musk, CTO Greg Brockman, and several other engineers and scientists as a nonprofit, its website said.

Persons: Elon Musk, Sam Altman, OpenAI, Altman, Musk, —, Elon, Sam, Greg Brockman, Musk's, Jason Kwon, Axios, Kwon, ChatGPT, OpenAI didn't Organizations: Service, Twitter, Tesla, Elon, Microsoft, Bloomberg, Enterprise

☆ Google's mission is organizing the world's information. Its 'woke' AI debacle prompted critics to say it's failing.
▼ + stars: | 2024-02-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSince its inception, Google has had a mission statement that is now practically enshrined as lore: "To organize the world's information and make it accessible and useful." Its AI, critics say, risks suppressing information instead by being too "woke." AdvertisementGoogle's AI troublesGoogle has more than 90% of the search market, giving it dominant control over the world's information flow online. Advertisement"The original mission was to index all the world's information. In a blog published Friday, Google vice-president Prabhakar Raghavan acknowledged some of the images Gemini generated turned out to be "inaccurate or even offensive."

Persons: —, Larry Page, Sergey Brin, Gemini, Peter Kafka, Adolf Hitler, Elon, David Sacks, Critics, Sam Altman, Andrew Caballero, Reynolds, Bilal Zuberi, Brad Gerstner, Microsoft —, Elon Musk, OB1CCZHan3, Prabhakar Raghavan, overcorrected, Raghavan Organizations: Service, Google, Business, Craft Ventures, Lux Capital, Microsoft, Elon Locations: Menlo Park, AFP

☆ Why Jack Dorsey's failure led to Elon Musk's arrival at Twitter
▼ + stars: | 2024-02-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +12 min

Elon Musk's chaotic takeover of Twitter was enabled by Jack Dorsey's hands-off leadership style. AdvertisementThe world has been able to watch the chaos that ensued after Elon Musk bought Twitter, more or less in real time. AdvertisementI talked to Wagner about Twitter under Jack Dorsey, and Twitter and Musk, and what happens next. Former Twitter CEO Jack Dorsey quiet quitsPeter Kafka: What was your sense of Jack Dorsey before you got into this project? I think Elliott forced his hand on that front and made the job really, really un-fun for him.

Persons: Elon, Jack Dorsey's, Kurt Wagner, Musk, —, Elon Musk, Jack Dorsey, Kurt Wagner's, Wagner, Dorsey, Peter Kafka, He's, That's, it's, Elliott, Covid, Jack, JOSH EDELSON, he'd, Twitter, Antonio Masiello, “, There's, they've, Esther Crawford, I'm Organizations: Twitter, Service, Elon, Bloomberg, Elliott Management, San, Getty, Journal Locations: San Francisco

☆ Elon Musk attacked my article accusing him of gaming Twitter's algorithm for more attention. In some ways, it gave him exactly what he wanted.
▼ + stars: | 2024-02-15 | by ( Zoe Schiffer | ) www.businessinsider.com time to read: +9 min

Advertisement"Yes, Elon Musk created a special system for showing you all his tweets first," the Platformer headline read. "After his super bowl tweet did worse numbers than President Biden's, Twitter's CEO ordered major changes to the algorithm." In December 2022, a former Twitter employee had been sentenced to three years in prison for spying on behalf of Saudi Arabia. AdvertisementBy the end of the week, did anyone even remember there had been a Super Bowl? From EXTREMELY HARDCORE: Inside Elon Musk's Twitter, by Zoe Schiffer, published by Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House, LLC.

Persons: —, Elon Musk, Rupert Murdoch, Elisabeth Murdoch, Musk, Biden, I'm, Jill Biden's, Jill Biden, Joe Biden, I'd, Elon, Zoe, Yang, Casey Newton, Biden's, Newton, who'd, Barack Obama, Twitter, Zoe Schiffer Organizations: Service, Farm, Super, News Corp, Kansas City Chiefs, Philadelphia Eagles, Business, Eagles, Twitter, Elon Musk, Google, Washington Post, Engineers, UPS, Elon, Penguin Publishing, Penguin Random Locations: Glendale , Arizona, Arizona, Oakland, Santa Barbara, Saudi Arabia

☆ The biggest winners and losers from the new sports streaming service
▼ + stars: | 2024-02-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. ESPN, Warner Bros., and Fox announced plans this week for a new sports streaming service set to launch this fall . That could put an end to cable TV as we know it , Nathan McAlone, Business Insider's deputy media editor, writes. Ashley Rodriguez, BI's media editor, has a breakdown of the six biggest questions about this new sports streamer . Games on YouTubeTV, for example, are noticeably delayed compared to cable TV broadcasts .

Persons: —, Katie Notopoulos, David Jensen, Nathan McAlone, it's, Ashley Rodriguez, Peter Kafka, BI's, Peter, Nathan, Ashley —, We've, Ashley, Fox, Rick Wilking, Reuters Leon Cooperman, Marc Rubinstein, Yi Huiman, Xi Jinping, Jordan Hart, It's, Justin Metz, Blackstone, Bob Iger, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ESPN, Warner Bros, Fox, ESPN2, ABC, FOX, Peter : Media, Nathan, Warner Bros ., NFL, Cable, Comcast, Paramount, Reuters, Signature Bank, New York Community Bancorp, Securities, Commission, that's, Apple Vision, Microsoft, BI, of Foreign Labor, Apollo, KKR, Bain Capital, Disney, Epic Games, ConocoPhillips, US Locations: New, China, Beijing, New York, London

☆ Ken Griffin says watching Chinese EV firm BYD overtake Tesla was 'heartbreaking'
▼ + stars: | 2024-01-31 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Ken Griffin told CNBC that BYD overtaking Tesla as the top seller of EVs was a "heartbreaking" moment. The billionaire warned the West needs a strategy to cope with a wave of cheap Chinese electric cars. It comes after Elon Musk said Chinese EVs would "demolish" their US rivals without trade barriers. AdvertisementBYD has finally knocked Elon Musk off his perch at the top of the EV ladder — and nobody is more disappointed about it than Ken Griffin. AdvertisementHis comments come after Elon Musk warned that Chinese EV companies would "demolish" their Western rivals without trade barriers being put in place.

Persons: Ken Griffin, Tesla, Elon Musk, —, BYD, Warren Buffett, Griffin, CNBC's, We've, Elon, … Organizations: CNBC, West, Service, Citadel, Network, EV, General Motors Locations: Miami, China, California

☆ Mark Cuban says X is Elon Musk's 'little echo chamber' that only rewards people he likes
▼ + stars: | 2024-01-18 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Read previewMark Cuban has criticized X as an "echo chamber" for its billionaire owner, Elon Musk. The two billionaires have been arguing since Cuban posted a series of X posts defending such policies against heavy criticism from Musk. This story is available exclusively to Business Insider subscribers. He said X was set up to be "Elon's little echo chamber that rewards people that he rewards." Representatives for Musk did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Cuban, Elon Musk, Trevor Noah, Musk, Chip Wilson, Lululemon Organizations: Service, Cuban, Business, Forbes Locations: Cuban

☆ Elon Musk is about to find out if ultimatums really work
▼ + stars: | 2024-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."

Persons: —, Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern

☆ SpaceX is trying to take down the NLRB after a group of employees wrote an open letter denouncing Elon Musk's embarrassing behavior
▼ + stars: | 2024-01-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Elon Musk's SpaceX has filed suit against the NLRB, arguing its proceedings are unconstitutional. The suit follows an NLRB accusation that SpaceX illegally fired employees who complained about Musk. SpaceX's suit could have wide-reaching impacts on federal agencies if successful, an expert told BI. Eight SpaceX employees were wrongfully terminated for their involvement in drafting and posting the letter, the NLRB alleged in its complaint against the billionaire's spacecraft manufacturing company. AdvertisementThe NLRB, in response to SpaceX's suit, has argued the case should be heard in California.

Persons: Elon, —, Musk, Musk's, SpaceX's, David Wimmer, Jerry Cutler, Cutler, Wimmer, they've Organizations: SpaceX, Service, National Labor Relations Board, Court, Southern, Southern District of Texas, Musk ., NLRB, Business Insider, Elon, Twitter, SpaceX Microsoft, CBS, United States, Supreme, Circuit, Columbia University, National Labor Relations Act, Federalist Society Locations: Brownsville, Southern District, Texas, California

☆ The kind of 'free speech' Elon Musk says he wants would be terrible
▼ + stars: | 2023-12-05 | by ( Henry Blodget | ) www.businessinsider.com time to read: +5 min

AdvertisementEveryone has theories about why Elon Musk publicly insulted and threatened Twitter/X advertisers last week. (And anyone who works there — or at any other company — would be fired for saying what Elon said last week). I also think Elon wants to suggest that we should be able to say whatever we want without any consequences—and even that there is a Constitutional right for us to do this. I also, respectfully, don't think Elon really thinks that. I don't think even Elon would enjoy that!

Persons: —, Elon Musk, Katie Notopoulos, Katie doesn't, Elon, Tesla Organizations: Service, Elon, Twitter, Business, Tesla

☆ Some Tesla Cybertruck reservation-holders were underwhelmed by Elon Musk's big launch party – but many say they'll still buy one
▼ + stars: | 2023-12-03 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +5 min

It lasted 30 minutes and fans later found the truck had a lower range and higher price on their own. AdvertisementAfter a four-year wait, the official Cybertruck launch party lasted about 30 minutes and left some order-holders wanting more. CEO Elon Musk stood in the bed of the Cybertruck listing off its specs – many of which had been leaked ahead of the launch . Following the launch party, all of the specs and prices for the three Cybertruck variations were posted to Tesla's website. AdvertisementThe Cybertruck launch was always going to be a difficult tightrope for Musk to walk , said Martin French, managing director at automotive consultancy Berylls.

Persons: —, Elon Musk, Zack Nelson, Christopher Bowe, there's, Bowe, Nelson, we'd, Elon, Martin French, doesn't, Tesla, Matthew Donegan, Ryan, Donegan, Eric Locke, he's, Locke Organizations: Service, Porsche, Ford, Business, YouTube, nab

☆ A lower risk way to bet on a Tesla rally as Musk's comments add to share-price volatility
▼ + stars: | 2023-12-01 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Tesla CEO Elon Musk hosted a delivery event this week at the company's factory in Austin, Texas, touting its towing abilities, race-car like acceleration, and even bulletproof doors. This jaw dropping event is in the wake of Elon Musk's comments earlier this week at the 2023 DealBook Summit in New York. The current opportunity I see for TSLA is a move higher into 2024 once this volatility is digested, yet again. Tesla call spread To capture this move higher, I want to buy a call spread. DISCLOSURES: (Long Tesla, short tesla puts, long call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Elon Musk, Tesla, Elon Musk's, Elon, tesla Organizations: EV Locations: Austin , Texas, New York

☆ It sure looks like Elon Musk is deliberately destroying X
▼ + stars: | 2023-11-30 | by ( Jyoti Mann | Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Elon Musk seems to be trying to sabotage X by telling major advertisers "go fuck yourself." It gives weight to a theory that Musk may be deliberately trying to sink X, formerly Twitter. Those banks have since been trying to sell the debt — which looks increasingly worthless as Musk drives X into the ground. In the meantime, X and Musk must pay millions of dollars in interest to their financiers. "There is no way back, there is no way to reverse the statement Elon made yesterday," said Ruben Schreurs, chief strategy officer at the marketing consultancy Ebiquity, which works with major advertisers.

Persons: Elon Musk, Martin Sorrell, —, NBCUniversal, Musk, Linda Yaccarino, Linda, Jerod Harris, Matt Levine, Levine, Lou Paskalis, Musk's, Paskalis, BI's Grace Kay, Kali Hays, it's, Elon, Ruben Schreurs, Yaccarino, didn't Organizations: Service, The New York Times, Apple, Disney, IBM, Bloomberg, Bank of America, AJL, Musk's Twitter, Ebiquity, X

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