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☆ CNBC Daily Open: Tech stocks had a rough day, but that's okay
▼ + stars: | 2023-07-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rice prices riseWhether your carbohydrate of choice is rice, bread or noodles, expect to pay more for it. Global rice prices are already at a record high because of shortages. Morgan Stanley picks a list of global stocks it thinks will beat the market — and are priced less than the bank thinks they're worth.

Persons: Dow, Elon Musk, China Nicholas Burns, Daniel Kritenbrink, Gina Raimondo, Morgan Stanley Organizations: CNBC, Dow outperforms, Dow Jones, Nikkei, Initiative, Elon, SpaceX, Twitter, The Boring Company, NBC News, State, Commerce, Global Locations: Dow outperforms U.S, Asia, Pacific, India, Russia, China, East Asia

☆ A man snatched up a website matching the name of Elon Musk's 'Burnt Hair' cologne — and traded it for a family tour of The Boring Company
▼ + stars: | 2023-07-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Twitter user Jeromy Sonne said The Boring Company struck a deal with him over a website domain. In exchange for the domain, The Boring Company gave him a tour and company swag, Sonne told Insider. But, when Musk announced The Boring Company planned to sell "Burnt Hair" cologne, Jeromy Sonne said he saw an opportunity. Now, the website domain redirects to The Boring Company's main website. The Wall Street Journal previously reported that the billionaire is in the process of building a company town for SpaceX, Tesla, and The Boring Company employees in Bastrop.

Persons: Jeromy Sonne, Sonne, Elon Musk, swag, It's, Musk, Daypart.AI, they'd, —, we've Organizations: Boring, Elon, The Boring Company, Boring Company, burnthair.com, Twitter, Hair, Street, SpaceX, Tesla Locations: cologne, Austin, Bastrop , Texas, Hair cologne, Bastrop

☆ Tesla's Cybertruck is finally starting production, 2 years behind schedule. Here are 6 other projects Elon Musk promised to deliver by now.
▼ + stars: | 2023-07-17 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +6 min

Tesla's Cybertruck is finally beginning production two years behind schedule. Tesla CEO Elon Musk has been known to make lofty promises that go undelivered for years at a time. In 2017, Inverse reported, Musk expanded the promise, assuring buyers that it would be just two more years before self-driving Teslas could be used to travel cross-country while passengers sleep. An 'everything' social media app, XIn late 2022, Musk tweeted that his purchase of Twitter was an "accelerant" to the creation of 'X,' the "everything app." According to the same CNBC article, in its most productive year, 2022, Tesla only installed an average of 21 solar system installations per week.

Persons: Elon Musk, —, Tesla, Musk, Musk's, Will Organizations: Tesla, CNBC, Boring Company, SpaceX, Twitter, University of Cincinnati Locations: Giga , Texas, New York, Philadelphia, Baltimore, Washington, DC, Los Angeles, Southern California

☆ Is this a leaked video of Tesla's rumored futuristic self-driving passenger pod? You be the judge.
▼ + stars: | 2023-07-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

A Las Vegas content creator shared a video that says shows a prototype vehicle from The Boring Company. The leaked video appears to show a steering wheel with Tesla's insignia. Courtesy of Jacob OrthOrth's video looks roughly similar to early renderings of autonomous pods that The Boring Company shared in 2018. Since 2018, Musk has had little to say about The Boring Company's people-mover, but the billionaire has been known to announce surprise products every once and while. Representatives for Tesla and The Boring Company did not respond to a request for comment ahead of publication.

Persons: Elon Musk, Jacob Orth, Orth, he's, Tesla, Jacob Orth Orth's, Musk Organizations: Boring Company, Twitter, Las Vegas Convention Center, YouTube, Elon Musk's EV, The Boring, Tesla Locations: Vegas, Hawthorne , California

☆ Elon Musk announces a new AI company
▼ + stars: | 2023-07-12 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Elon Musk on Wednesday announced the formation of a new company focused on artificial intelligence, after months of teasing plans to build a rival to ChatGPT. In an interview with then-Fox News host Tucker Carlson in April, Musk said teased plans for his new AI venture. The announcement of Musk’s latest venture comes at a precarious moment for Musk. The turbulence at Twitter comes after months of Musk alienating some users and advertisers by slashing staff, pushing through controversial policy changes and making a number of incendiary remarks. In addition to Twitter, Musk runs several other companies, including Tesla, SpaceX, Neuralink and The Boring Company.

Persons: CNN — Elon Musk, Musk, “, Tesla, OpenAI, ” Musk, Tucker Carlson, “ We’re, ” Organizations: CNN, Wednesday, Fox News, Twitter, Meta, SpaceX, The Boring Company Locations: ChatGPT

☆ Elon Musk launches new company xAI, which proclaims a lofty mission to 'understand the true nature of the universe'
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk officially unveiled his new company xAI on Wednesday. Musk publicly introduced a new company called xAI, whose stated aim is to glean "the true nature of the universe." And an apparently all-male, 12-person team including Musk has been detailed to the heady task, according to its website, which doesn't list any female employees. Hendrycks has published about the potential dangers of AI, including the technology's ability to spread disinformation. With the launch of xAI, Musk now owns or is in charge of half a dozen companies, including Tesla, SpaceX, Neuralink, The Boring Company, and Twitter.

Persons: Elon Musk, Musk, xAI's, Tesla, Musk helms, Dan Hendrycks, Hendrycks, Musk's Tesla, Insider's Kali Hays, — Manuel Kroiss, Igor Babuschkin, Babuschkin, Brian Philip Organizations: Morning, X.AI, Tesla, Twitter, X Corp, Microsoft, AI Safety, SpaceX, Center, AI, Palo Alto Police Department, The Boring Company Locations: Nevada, Hendrycks, Palo Alto

☆ The future of travel: 10 concepts that will change the way we experience the world
▼ + stars: | 2023-06-20 | by ( Kate Springer | ) edition.cnn.com time to read: +22 min

Concepts that feel plucked from sci-fi novels and films are quickly making their way into mainstream travel, shaping every step of the journey. Seamus PayneLike air travel, eco-conscious hotels are paving the way for more sustainable travel in the future. HyperloopTTUS entrepreneur Elon Musk has been talking about hyperloop technology – an ultra-high-speed transport system in a low-pressure vacuum tube – for years. Meanwhile, Toronto-based TransPod hopes to bring hyperloop technology to Canada with its eponymous tube-based transportation system powered by renewable energy. By 2025, the company plans to build a 620-mile-per-hour TransPod link between Calgary and Edmonton, connecting the two cities in 45 minutes.

Persons: Elijah Nouvelage, Indira Gandhi, Paris Charles de Gaulle, Austin Farmer, we’ll, don’t, David ”, you’ll, Alexander the Great, ” Michael Breer, KAWS, collectables –, Breer, ” Breer, You’ve, ” Jetson, Peter Ternstrom, Apollo, Cruise, ”, what’s, Boom’s, –, Seamus Payne, room2, Marcel Breuer, Tesla, charades, Yusaku Maezawa, Elon Musk, hyperloop, Virgin Hyperloop, HyperloopTT, Hardt Hyperloop Organizations: CNN, Travel, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Getty, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, European Union, Emirates, Dubai International, American Airlines, United, Delta, Bluetooth, Alaska Airlines, Lufthansa, Qatar Airways, Specterras Productions, CNN Travel, VR, Aircraft, Federal Aviation Administration, Baidu, Hyundai, Las, CNN Travel ., Alphabet Inc, Beta, International Civil Aviation Organization, Alice, DHL, Air New, Concorde, Japan Airlines, Bauhaus, CEH Technologies, Origin, SpaceX, International Space, NASA, Galactic, Space Training Academy, Nastar Center, Boring Company, Virgin, Hyperloop Transportation Technologies, China Morning Post, China Aerospace Science, Industry Corporation, European Hyperloop Center Locations: Singapore, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Dutch, Europe, Florence, Palmyra, Machu Picchu, New York, Ehang, China, Boston, Las Vegas, Motional, Phoenix, San Francisco, Los Angeles, North America, Austin, Beijing, Chongqing, Wuhan, Shanghai, Guangzhou, Mexico, Air New Zealand, Denver, New York City, Frankfurt, LA, Sydney, London, New Haven , Connecticut, Hungarian, Norway, Red, Saudi Arabia, Amsterdam, Chicago, Cleveland, Pittsburgh, Shanxi province, Netherlands, Toronto, Canada, Calgary, Edmonton

☆ A Texas resident who lives near Elon Musk's construction sites says he wants the billionaire to 'do better' and be a good neighbor amid local pushback
▼ + stars: | 2023-05-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Chap Ambrose told The Washington Post he wants Musk to "do better" and be a "good neighbor." A Texas resident and self-proclaimed Elon Musk fan has been speaking out against the billionaire's construction projects in a rural area. The Boring Company has been working on a Bastrop facility since 2021 and Musk's private space company, SpaceX, has also started building a site there. Ambrose and representatives for The Boring Company and SpaceX did not immediately respond to Insider's request for comment, made outside normal working hours. When contacted by Insider at the time, a spokesperson for The Boring Company did not respond.

☆ A farmer who lives near Elon Musk's Texas campus says the state's lack of regulations means it's like the 'Wild West' for developers
▼ + stars: | 2023-05-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Texas' is a "Wild West" for developers like Elon Musk's Boring Company, a farmer told The WaPo. The Boring Company and SpaceX both have built sites in Bastrop, a rural area near Austin. A farmer who lives near Elon Musk's Texas campus around 30 miles east of Austin says that the boom in development in the area means it's like "the Wild West." The Boring Company, Musk's construction company — which builds tunnels under cities to help alleviate traffic congestion — began work on its Bastrop facility in 2021. At the public meeting, however, some local residents did show support for the boost to Bastrop's economy that Musk's investments would bring.

☆ Elon Musk is nicknamed 'Karen Musk' in a Reddit thread that slams him for calling remote working immoral
▼ + stars: | 2023-05-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Elon Musk is being criticized for calling remote work immoral. Redditors nicknamed the billionaire "Karen Musk" and say his comments are out-of-touch. Musk previously asked both Tesla and Twitter employees to return to the office. Elon Musk is getting flack for his latest comments disparaging people for working from home with one Reddit thread dubbing him "Karen Musk," as an insult. The Reddit Thread, which links to a video accusing Musk of being out of touch with the average Joe, is titled "Karen Musk: Working from home is IMMORAL!"

☆ Elon Musk wanted to build a bathroom next to his office at Twitter so he didn't have to wake up his bodyguards when he needed to pee in the night, lawsuit says
▼ + stars: | 2023-05-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk requested a bathroom be built next to his office at Twitter's headquarters, a lawsuit says. That's allegedly because he didn't want to have to wake up his security team in the middle of the night. Elon Musk wanted to have a bathroom built next to his office in Twitter's headquarters so he didn't have to wake up his bodyguards in the middle of the night to go pee, a new lawsuit claims. A Twitter engineer told the BBC in March that at least two bodyguards follow Musk around its San Francisco headquarters, including to the restroom. Last month, the billionaire told the BBC that he sometimes sleeps on a couch in the library at Twitter's headquarters.

Musk said Tesla aimed to finish construction of the factory next year and then reach full production about a year later. We need lithium," Texas Governor Greg Abbott said at the ceremony. Musk has urged entrepreneurs to enter the lithium refining business, saying it is like "minting money." The refinery is the latest expansion by Tesla into Texas after the company moved its headquarters there from California in 2021. "We are proud that he calls Texas home," Abbott said, saying Tesla and Musk are "Texas's economic juggernauts."

☆ Elon Musk's Tesla tunnels are a 'fake alternative' to solve traffic but if he made them for subways we'd all be better off, expert says
▼ + stars: | 2023-05-08 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

A journalist argues that Musk could use The Boring Company to make public transportation cheaper. This includes solving traffic by moving transportation underground through car tunnels or building a successful hyperloop. And Musk has often been explicit that traditional public transportation options, like subways, would not be a part of his vision. The Boring Company has also put its controversial hyperloop plans to the side. The Boring Company did not immediately respond to Insider's request for comment.

☆ Elon Musk could make almost $100,000 a month from Twitter users who subscribe to him
▼ + stars: | 2023-04-24 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk shared a screenshot of his Twitter profile that showed the number of his subscribers. At least 24,700 people have subscribed to the Twitter owner's profile, paying $4 a month. Elon Musk shared a screenshot on Monday of his Twitter profile indicating to users how to monetize on the social media platform. Per Insider's calculations, if Musk has 24,700 subscribers he would make $98,800 a month. Musk said users will be able, through "Subscriptions," to charge followers for exclusive content, including long-form text, long-form videos, and subscriber-only Spaces.

☆ Tesla shareholder group complains Elon Musk is too distracted to run company
▼ + stars: | 2023-04-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —A group of progressive Tesla shareholders want the company’s board of directors to make CEO Elon Musk concentrate more on one of his many jobs, that of running the EV automaker. In addition to his role at Tesla (TSLA), Musk also leads Twitter, SpaceX, the Boring Company, and Neuralink, among others. The letter says that the investors signing the letter own $1.5 billion worth of Tesla shares, which represents well less than 1% of Tesla shares. By comparison, Musk owns or has options to purchase about $118 billion worth of Tesla shares, representing 20% of the stock. “Tesla needs a board that will ensure that the CEO is focused on addressing its challenges,” said the letter.

☆ Tesla investors call for 'distracted' Elon Musk to be reined in as they worry he's 'overcommitted'
▼ + stars: | 2023-04-21 | by ( Grace Kay | Sam Tabahriti | ) www.businessinsider.com time to read: +5 min

Tesla investors called for Elon Musk to be reined in an open letter, citing the CEO's many commitments. A group of Tesla investors is calling for Elon Musk to be reined in, saying the CEO has been distracted by commitments to his other companies like Twitter. "The Board allowed the CEO to be overcommitted at a time when the company faces critical challenges," the letter stated. Tesla and Musk didn't immediately respond to requests for comment from Insider ahead of publication. Gerber's name is not listed on the open letter.

☆ Elon Musk now says he wants to create a ChatGPT competitor to avoid 'A.I. dystopia'—he's calling it 'TruthGPT'
▼ + stars: | 2023-04-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"I'm going to start something which I call TruthGPT," Musk told Fox News' "Tucker Carlson Tonight" on Monday, adding that he'd want his AI chatbot to be a "maximum truth-seeking AI that tries to understand the nature of the universe." He didn't provide evidence for those claims, or detail exactly what a "truth-seeking AI" might entail. "A path to AI dystopia is to train AI to be deceptive," Musk said. "It could cause harm," Pichai told CBS News' "60 Minutes" on Sunday. Twitter — which intends to pursue generative AI, Musk told the BBC last week — is a for-profit company.

☆ Take a look at Elon Musk's weird and whacky merchandise, from rocket-shaped torches and flamethrowers to 'S3XY' Tesla shorts
▼ + stars: | 2023-04-18 | by ( Kate Duffy | ) www.businessinsider.com time to read: 1 min

Elon Musk is known for building cars and rockets, and drilling holes underground. But he's maybe less well known for his tequila, surfboards, and flamethrowers. Taylor Hill/Getty ImagesSpaceX, Tesla, and The Boring Company have all sold quirky merchandise. Tesla unveiled in 2018 a range of lifestyle products, including wireless chargers for smartphones and mini Teslas for kids. Perhaps the most famous is Tesla's red satin short shorts, designed to taunt short-sellers betting against his stock.

☆ Elon Musk admitted he should probably stop tweeting at 3:00 a.m.: 'Have I shot myself in the foot with tweets multiple times? Yes'
▼ + stars: | 2023-04-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Elon Musk admitted he has shot himself in the foot multiple times by tweeting late at night. In a BBC interview Wednesday, Musk said he should probably stop tweeting at 3:00 a.m.Twitter's owner is well-known for his erractic, unfiltered posting on the platform. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Speaking about his posting habits on the platform he now owns, Musk said: "Have I shot myself in the foot multiple times? His tweets often come late at night and in the early hours of the morning, and have frequently landed him in hot water.

Niche cryptocurrency dogecoin spiked more than 30% on Monday after Twitter CEO Elon Musk replaced the blue bird on his company's website with an image of a shiba inu, the digital coin's logo. After the Twitter logo was altered to a shiba inu image, Musk shared a meme about the change to his 133.5 million followers on Twitter. But Musk's public endorsement of the coin goes further than social media messages. In January 2022, when Musk announced on Twitter that dogecoin payments were live, the cryptocurrency jumped as much as 15%. "We have not sold any of our dogecoin," Musk said on an earnings call last year.

☆ Elon Musk isn't the only billionaire to try and build his own town. From Bill Gates to Peter Thiel, here's a list of the super rich who have attempted to build utopias.
▼ + stars: | 2023-04-02 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Elon Musk is planning to build his own town for SpaceX and The Boring Company workers outside of Austin, Texas, according to a recent report from The Wall Street Journal. Michael Gonzalez/Getty ImagesThe billionaire and his associates have bought up at least 3,500 acres of land in Bastrop, Texas, about 35 miles outside of Austin, the publication said. Musk and his employees have described the vision for the city as a "sort of Texas utopia along the Colorado River," the Journal reported. The Tesla CEO also plans to build a private compound just outside of the town where he could live, according to the report. Sources: The Wall Street Journal, Insider

BASTROP, TEXAS—Elon Musk’s companies are opening facilities across the country that come with promises of skilled jobs and economic growth. But some residents of this mostly rural area near Austin are watching with alarm as farmland turns into industrial development. Mr. Musk’s tunneling venture, the Boring Company , and space-transportation company known as SpaceX, are constructing massive buildings and digging tunnels on more than 200 acres of unincorporated land along the Colorado River. The billionaire’s ambitions there also include a company town, The Wall Street Journal has reported.

☆ Texans sound off against Elon Musk's 'horrifying' plans for dumping The Boring Company wastewater into Colorado River
▼ + stars: | 2023-03-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

The Boring Company is facing criticism from Texans over its plans to dump treated wastewater. One resident said about 400 people showed up at the public meeting on The Boring Company's plans. "The thought of this happening is horrifying," Erin, who runs an organic farm near the Boring Company facility, told Fox News. The Boring Company. A spokesperson for The Boring Company did not respond to a request for comment from Insider.

☆ Elon Musk's Boring Company wants to build even more tunnels under Las Vegas, but the Loop's Teslas probably won't be self-driving, report says
▼ + stars: | 2023-03-22 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk's Boring Company wants to build even more tunnels under Las Vegas, a new proposal showed. The expanded Vegas Loop would include 65 miles of tunnels, TechCrunch reported. The Vegas Loop was approved in October 2021 by Nevada's Clark County, which is home to many casinos and the Las Vegas Convention Centre. It would also allow commuters to reach more casinos, shopping areas, and the University of Nevada Las Vegas. The City of Las Vegas did not comment to TechCrunch other than to say that no construction had begun.

☆ Marc Benioff praises Elon Musk's vision, bemoans not buying Twitter, and rings the recession alarm in a new interview. Here are the Salesforce CEO's 9 best quotes.
▼ + stars: | 2023-03-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Marc Benioff praised Elon Musk, hailed AI's potential, and warned of an impending US recession. The Salesforce CEO said he regretted not buying Twitter years ago, and has always loved the company. Benioff hinted Bob Iger and Howard Schultz felt obligated to return as CEOs of Disney and Starbucks. Benioff spoke during the Upfront Summit this month, in an interview aired during a recent episode of the "On With Kara Swisher" podcast. (Benioff was discussing the recent return of Bob Iger and Howard Schultz as CEOs of Disney and Starbucks respectively.)

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