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☆ Decade-old Tesla Roadsters are selling for over $100,000 as Elon Musk's earliest cars become hot collectibles
▼ + stars: | 2022-10-22 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Now Tesla's earliest cars are becoming hot collectibles, skyrocketing in price in recent years as Elon Musk's empire has exploded. Tesla made roughly 2,450 Roadsters between 2008 and 2012, selling them for around $100,000 and up. A 2011 Tesla Roadster 2.5 Sport that sold in January for $190,000. In January, a 2011 Roadster Sport sold for $190,000. A 2011 Tesla Roadster 2.5 Sport.

☆ I drove Mercedes-Benz's $141,000 Tesla rival and experienced the electric, screen-filled future of luxury cars
▼ + stars: | 2022-10-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The 2022 Mercedes-Benz EQS 580. The 2022 Mercedes-Benz EQS 580. The 2022 Mercedes-Benz EQS 580. The 2022 Mercedes-Benz EQS 580. The 2022 Mercedes-Benz EQS 580.

☆ The CEO of Barry Diller's IAC says Netflix with ads will be a double blow to network TV revenue: 'Now they're losing audience and losing scarcity.'
▼ + stars: | 2022-10-20 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

The growth of ad-supported streaming at scale is set to challenge the $60 billion TV ad business. One top internet executive, IAC CEO Joey Levin, says Netflix will destroy networks' scarcity argument. Wall Street also is waiting to see if Netflix draws ad dollars from social media or TV. Traditional TV networks are about to lose one of their main arguments for charging big rates for ads. Netflix's arrival on Madison Avenue next year is going to erode the hugely lucrative TV ad business, said Levin, who spoke with Insider in September.

☆ Elon Musk says the public realizes it is 'foolish' to buy a gasoline car because its value will drop while the world turns to electric vehicles
▼ + stars: | 2022-10-20 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk said it is "foolish" to buy a gasoline car because its residual value is low. He said in Tesla's earnings call the people of Earth have chosen to move away from gasoline cars. The billionaire was responding to an analyst's question during Tesla's earnings call on October 19 about how the electric car manufacturer would adjust if the US enters a recession. Tesla reported record revenues of $21.45 billion in the third quarter of this year, but it fell short of what analysts were expecting: around $21.96 billion, according to IBES data from Refinitiv. Out of the two billion vehicles on the road globally, around three and a half million of them are Teslas, Musk said.

☆ Elon Musk says he is 'obviously overpaying' in his $44 billion deal to buy Twitter
▼ + stars: | 2022-10-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Elon Musk says he's "obviously overpaying" with his $44 billion deal to buy Twitter. Musk is the world's richest person with an estimated net worth of $209 billion. Musk is the world's richest person, with a current net worth of $209 billion, according to estimates by Bloomberg. Musk U-turned on his decision to buy Twitter – and then U-turned againMusk initially offered to buy Twitter in April after accumulating a 9.2% share, making him its biggest shareholder, and trying to join its board of directors. Bloomberg reported that Twitter froze its employees' ability to access and trade shares on Monday in a sign that Musk's deal is close to completion.

☆ Everything you need to know about Parler, the right-wing social media platform Kanye West is planning to buy
▼ + stars: | 2022-10-20 | by ( Allana Akhtar | Britney Nguyen | ) www.businessinsider.com time to read: +10 min

Kanye West, now known as Ye, is in talks to buy right-wing social media platform Parler. Ye, formerly known as Kanye West, is entering a deal to buy right-wing social-media platform Parler, which launched in 2018. Meanwhile, Trump's platform Truth Social had 8,956,693 visitors, and Gab had 12,806,464 visitors, per Similarweb's analysis. What's on the Parler app? In February, Trump launched the Truth Social social media platform 13 months after being kicked off Facebook and Twitter after the January 6 Capitol riot.

☆ We got an early look at the $107,000 GMC Sierra EV, an electric pickup with 400 miles of range that's coming in 2024
▼ + stars: | 2022-10-20 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

The first version available to customers — the Sierra EV Denali Edition 1 — will cost $107,000 and up and is loaded with all the best tech and features GMC has to offer. The 2024 GMC Sierra EV Denali Edition 1. Tim Levin/Insider

☆ Elon Musk's lofty goals came back to bite him again — and it's only going to get harder from here
▼ + stars: | 2022-10-20 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Some analysts question whether Tesla has enough demand to grow sales 50% each year. Tesla CEO Elon Musk remains optimistic about Tesla's plans and said it's on its way to an "epic end of year." Those bold targets came back to bite the Tesla CEO when the company reported lower-than-expected deliveries for the July-September period. Musk said "there weren't enough boats, there weren't enough trains, there weren't enough car carriers" to transport new Teslas from factories to customers. Even as it's accelerated its own sales, Tesla has been losing share of the electric market as EV sales ramp up globally.

☆ Jeff Bezos says it's time for companies to 'batten down the hatches' as a recession looms, but Elon Musk says Tesla is 'pedal to the metal' with no plans to cut production
▼ + stars: | 2022-10-20 | by ( Grace Kay | Tim Levin | ) www.businessinsider.com time to read: +4 min

Elon Musk said Tesla is "pedal to the metal" whether there's a recession or not on Wednesday. The Tesla CEO said the carmaker has no plans to slow ambitious production targets. Jeff Bezos warned on Tuesday companies should "batten down the hatches" amid an economic downturn. Earlier this week, Amazon founder Jeff Bezos warned that companies should be cautious and prepare for an economic downturn. Meanwhile, Tesla CEO Elon Musk expressed a different sentiment on Wednesday.

☆ Elon Musk says Tesla has delivered fewer cars in Q3 than it made because 'there weren't enough' trains, carriers, and boats to transport them
▼ + stars: | 2022-10-20 | by ( Stephen Jones | Beatrice Nolan | Tim Levin | ) www.businessinsider.com time to read: +2 min

Elon Musk said a shortage of carriers, trains, and boats affected Tesla's ability to deliver vehicles. Musk made the comments during an investor's results call on Wednesday. "There weren't enough boats, there weren't enough trains there weren't enough car carriers," Musk told investors in results call on Wednesday. Musk said that Tesla is working to "smooth out its deliveries" to avoid having a "crazy delivery wave" at the end of each quarter. Musk told investors the company had "excellent demand for Q4" and expected to sell every car they made.

☆ Elon Musk touted the 'incredible potential' of Twitter after spending millions in legal fees to avoid buying it
▼ + stars: | 2022-10-19 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Elon Musk said he is "excited about the Twitter situation" on Tesla's earnings call. Musk spent months and millions of dollars trying to walk away from his deal to buy Twitter before agreeing to go through with the purchase. Musk said the company has "incredible potential" but has "languished for a long time." "I'm excited about the Twitter situation, because obviously I know their product very well," Musk said on Tesla's earnings call on Wednesday. Following a tumultuous several months — and an estimated $100 million in personal legal fees — Musk again offered to buy Twitter for his original asking price earlier this month.

☆ SpaceX's Starlink launches internet service for planes to finally fix crappy in-flight WiFi
▼ + stars: | 2022-10-19 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Starlink Aviation will be available next year for $12,500-$25,000 per month. Starlink Aviation promises to bring impressive speeds, up to 350 megabytes-per-second, to the skies starting in 2023. Starlink Aviation positions itself as a superior alternative to notoriously subpar in-flight internet. Today planes get internet service from cell towers they fly over or from satellite-based services like Viasat. Cruise giant Royal Caribbean in August tapped Starlink to add internet service to its fleet.

☆ Rolls-Royce revealed its first electric car, the $400,000 Spectre. Peek inside one of the most luxurious EVs money can buy.
▼ + stars: | 2022-10-18 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Rolls-Royce hasn't specified exactly how much it'll charge for the Spectre, but said it will slot between the roughly $350,000 Cullinan SUV and the roughly $460,000 Phantom. The Rolls-Royce Spectre. Rolls-Royce

☆ Cadillac's new $300,000 electric car comes with 5 screens, futuristic looks, and 300 miles of range — see the Celestiq
▼ + stars: | 2022-10-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq.

☆ Cybersecurity Tops the CIO Agenda as Threats Continue to Escalate
▼ + stars: | 2022-10-17 | by ( Steven Rosenbush | ) www.wsj.com time to read: +6 min

Cyber and information security has been at the top of their agenda since 2020. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Gartner forecasts that worldwide information security and risk-management spending by end-users will reach $188.336 billion in 2023, up 11.3% from the current year. It’s what boards are talking about,” said Truist Financial Corp. Chief Information Security Officer Howard Whyte. He and Truist CIO Scott Case work closely to understand the Charlotte, N.C.-based bank’s changing attack surface and cybersecurity risk.

☆ Inside how ESG fintech OpenInvest is helping JPMorgan roll out a variety of tools focused on sustainable investing
▼ + stars: | 2022-10-17 | by ( Asia Martin | ) www.businessinsider.com time to read: +5 min

JPMorgan acquired OpenInvest in 2021 to meet client demand for sustainable investing. OpenInvest, a sustainable-investing robo-advisor, has spent the past 13 months integrating into JPMorgan following the bank's acquisition of the startup in August 2021. Josh Levin, OpenInvest cofounder and chief strategy officer, told Insider clients are able to view things like how much carbon or tobacco the client has avoided funding. OpenInvest is helping JPMorgan work with other fintechsMurray and Levin told Insider that JPMorgan's acquisition represents more than an opportunity to upgrade the bank's sustainable investing offering. And so, we're gonna be looking to work more readily with fintechs in the future," Murray told Insider.

☆ Jeep just revealed its first all-electric SUV, one of 4 battery powered SUVs that it's promised will arrive by 2025
▼ + stars: | 2022-10-17 | by ( Stephen Jones | Tim Levin | ) www.businessinsider.com time to read: +2 min

Jeep officially unveiled its first all-electric SUV at the Paris Motor Show, on Monday. The Jeep Avenger will enter the European market in 2023. It's one of four electric SUVs Jeep is set to launch by 2025. "The Jeep Avenger is the first zero emission SUV for the Jeep brand," said Antonella Bruno, head of Jeep Europe at Stellantis, said in a release to accompany the unveiling at the Paris Auto show. The Jeep Avenger is the first of four battery-powered SUVs Jeep plans to launch by 2025.Insider's Tim Levin previously reported that the first two electric Jeep SUVs to enter the North American market under the plan will be the Wagoneer S and Recon.

☆ The CEO of Barry Diller's IAC says they're on the hunt for new deals in media and tech as valuations have fallen: 'We're entering the reality period'
▼ + stars: | 2022-10-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Barry Diller's IAC is back on the hunt for deals as companies are seeing lower valuations. CEO Joey Levin said IAC has $1.5 billion to spend and plans to leverage a tough operating environment. "We're in that adjustment period entering the reality period," Levin told Insider in a September interview. In September, its combined Dotdash Meredith unit continued a multi-month string of pro forma revenue declines, posting a 24% decrease. We could still be right or wrong, but if we're right, we can create value," Levin said.

☆ I drove the quickest car on the planet and it felt like a fighter jet. Take a closer look at the $2 million electric supercar.
▼ + stars: | 2022-10-16 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

It’s the first model from Pininfarina, the legendary Italian firm that’s designed and built cars for other brands like Ferrari — but never came out with its own vehicle. The Pininfarina Battista. Tim Levin/InsiderAutomobili Pininfarina is technically separate from Pininfarina, the design house. Both under the umbrella of the Indian automotive giant Mahindra.

☆ I drove a $2 million electric supercar and it felt like a fighter jet. Take a closer look at the Pininfarina Battista, which can hit 60 mph in under 2 seconds.
▼ + stars: | 2022-10-16 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

☆ The 'bummer' of the $7,500 electric vehicle tax credit: Its full value may be hard to get
▼ + stars: | 2022-10-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

But it may be tough for consumers to get the full value of the tax credit — at least initially. The tax credit 'bummer': It's nonrefundableThe legislation, called the Inflation Reduction Act, made the tax credit "nonrefundable." This person wouldn't get the full $7,500 tax credit — they'd be able to claim $5,000 and cut their tax bill to zero. More from Personal Finance:Missed a tax credit from last year? It's unclear which electric vehicles will meet these standards and qualify for a tax credit next year.

☆ Why is Alex Jones getting sued — and why lawsuits are not enough
▼ + stars: | 2022-10-14 | by ( Yunkang Yang | Dr. Yunkang Yang Is An Assistant Professor Of Communication At Texas A M University. An Expert In U.S. Right-Wing Media | Social Media | ) www.nbcnews.com time to read: +7 min

A Connecticut jury on Wednesday ordered conspiracy theorist Alex Jones to pay nearly $1 billion for defaming the families of the 2012 Sandy Hook school shooting victims. Misinformation purveyors often use a variety of rhetorical techniques to create misleading impressions without making demonstrably false statements. Indeed, misinformation purveyors often use a variety of rhetorical techniques to create misleading impressions without making demonstrably false statements. These different layers provide a multiplicity of points of resistance to the efforts to hold misinformation purveyors accountable. But they are not a solution to the lie machines built by incredibly savvy, incredibly cynical pundits like Alex Jones.

☆ Watch a tiny electric race car smash the world acceleration record with a 1.46-second run to 62 mph
▼ + stars: | 2022-10-14 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

German students built the world's fastest-accelerating electric vehicle. The carbon-fiber race car zipped to 62 mph in 1.461 seconds late last month. The pint-sized, home-built racer became the fastest-accelerating electric car on Earth last month (certified by Guinness) when it rocketed from a standstill to 62 mph in a blistering 1.461 seconds. "The University of Stuttgart is proud that the GreenTeam has succeeded in setting a new record for the acceleration of e-vehicles. The carbon-fiber car weighs around 320 pounds and makes 241 horsepower, giving a power-to-weight ratio of 1,750 horsepower per ton.

☆ Americans have largely avoided health care inflation so far – but that’s about to change
▼ + stars: | 2022-10-13 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

About 155 million Americans have work-based health insurance, the largest source of coverage by far, according to the Kaiser Family Foundation. Delayed impact of inflation on health careWhile the cost of gas, food and other essentials can change quickly based on inflation and market conditions, health care operates differently. In fact, health care costs are bucking their own typical trend. Workers are projected to shell out an average of 2.6% more for health care this year, compared to 2021, Aon calculated. Increases expected to continueNext year will only be the start of an extended period of increased health care costs, experts said.

☆ See the $84,000 Polestar 3, the high-tech, minimalist electric SUV taking on BMW and Tesla
▼ + stars: | 2022-10-13 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

But it also has a look all its own, characterized by chiseled edges, pointy headlights, and an overall clean and Scandinavian aesthetic. The Polestar 3.

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