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Speaking at an America PAC event in Harrisburg, Pennsylvania, Musk said, "I have a surprise for you," adding that the prize money is available "every day from now until the election." "How Pennsylvania goes I think is how the election goes," Musk said. The deadline to sign the petition is Monday night, which is the day Pennsylvania's voter registration closes. "We get crazy things," Musk said, "like SpaceX got fined $140,000 for dumping potable drinking water on the ground at Starbase." Musk only mentioned Trump sparingly throughout the evening, and didn't discuss his policies or record as president in any detail.
Persons: Elon Musk, Donald Trump, Rachel Wisniewski, Reuters Elon Musk, Musk, John Dreher, Rick Hasen, Hasen, NBC's, Josh Shapiro, Biden, Kamala Harris, Kamala, I'm, Trump, he's, Chandan Khanna, Tesla, It's, didn't Organizations: PAC Town Hall, Reuters, Trump, America PAC, SpaceX, Republican, NBC, CNBC, Pennsylvania Democratic Gov, Federal Communications Commission, Environmental Protection Agency, Federal Aviation Administration, National Oceanic, Atmospheric Administration Fisheries, SpaceX Falcon, Clipper, Kennedy Space Center, Afp, Getty, NOAA Fisheries, White Locations: Folsom , Pennsylvania, U.S, Harrisburg , Pennsylvania, Pennsylvania, Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Harrisburg, Starbase, Boca Chica , Texas, Florida
Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.
Persons: Lebaredian, , Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle
A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning issues with its "Full Self-Driving" systems, and whether they are safe to use in fog, glaring sun or other "reduced roadway visibility conditions." The probe follows an incident in which a Tesla driver who had been using FSD, struck and killed a pedestrian, and other FSD-involved collisions during reduced roadway visibility conditions. Records posted to the NHTSA website on Friday morning said the purpose of the new probe would be to assess:"The ability of FSD's engineering controls to detect and respond appropriately to reduced roadway visibility conditions; whether any other similar FSD crashes have occurred in reduced roadway visibility conditions and, if so, the contributing circumstances for those crashes," among other things. The agency will also look into Tesla's over-the-air, software updates to its FSD systems, which are now marketed as "Full Self-Driving (Supervised)," to understand the "timing, purpose, and capabilities of any such updates, as well as Tesla's assessment of their safety impact."
Persons: Tesla Organizations: Tesla, National, Traffic Safety Administration Locations: Encinitas , California, U.S
In today's big story, Taylor Swift has a new book coming out, but how she's doing it might create some bad blood with publishers . On Tuesday, Swift announced plans to self-publish "The Eras Tour Book," a behind-the-scenes look at her record-breaking tour that'll be released exclusively at Target on Black Friday. News of a Taylor Swift book should have sent a publisher jumping for joy at the potential revenue. AdvertisementBig stars like Swift are exactly who book publishers are banking on these days. But even so, Miami, New Orleans, and Indianapolis — her remaining US tour dates — won't mind Swift coming to town.
Persons: , Meta, Taylor Swift, Chelsea Jia Feng, Taylor, Swift, Samantha Grindell, Madeline Berg, George Walker IV, we're, Natalie Ammari, it's, Goldman Sachs, Kalshi, Donald Trump, Trump, Blackstone, Jon Gray, Walid Berrazeg, It's, Lebaredian, Uber, Dara Khosrowshahi's, Tyler Le, Matt Garman, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Target, AP, Indianapolis, Super Bowl, UBS, Getty, Financial, Wall, Blackstone, Trump, Investors, Taiwan Semiconductor Manufacturing, TSMC, Optimus, Financial Times, Netflix, American Express Locations: Miami, Miami , New Orleans, Glendale , Arizona, Hsinchu, ASML, Texas, California, New York, London
The probe follows reports of crashes in low visibility areas with Full Self-Driving engaged. AdvertisementTesla is facing a fresh investigation from the national auto safety watchdog after reports of four crashes in which its Full Self-Driving technology was engaged. The new probe will cover 2.4 million Tesla vehicles. In April, the NHTSA started a separate probe into Tesla over crashes involving its Autopilot program. The regulator said at the time that it investigated 956 Tesla crashes in which Autopilot was involved between January 2018 and August 2023.
Persons: Tesla, , FSD, Elon, Phil Koopman Organizations: National, Traffic Safety Administration, Service, regulator's, Carnegie Mellon University, NHTSA, Business Locations: California, Koopman
In cities where those companies operate, drivers are already at risk of losing earnings or seeing an impact on their income. I think drivers in Austin and Atlanta will be in a similar position next year as Waymo has plans to launch there, too. AdvertisementEven though I'm driving for Uber and Lyft full-time, it was never meant to be a full-time gig. One of the main reasons I'm an Uber and Lyft driver is to be debt-free. I think Uber wants to be the central hub for all transportation, even if that means it eventually replaces human drivers entirely.
Persons: Tesla's, Tristan Thomas, Thomas, , Tesla, Elon Musk, I'm, Waymo, Uber, Lyft, there's, I've, Elon Organizations: Business, Service, Drivers Locations: Cruise, San Francisco , Los Angeles, Phoenix, Austin, Atlanta
Starship Technologies filed trademarks for "Starship" and "Robovan" before SpaceX and Tesla did. AdvertisementRobotic startup Starship Technologies has a few things in common with Elon Musk's rocket company, SpaceX, and EV giant Tesla. Musk first showcased the Tesla Robovan on October 10 in Burbank, California, during Tesla's "We, Robot" event. According to United States Patent and Trademark Office records, Starship filed trademarks for "Starship" and "Robovan" in July 2015 and July 2017, respectively. AdvertisementIn October 2023, a legal marketing agency called X Social Media sued Musk's social media platform X in federal court in Florida.
Persons: Tesla, Elon Musk's, , Tesla's, Musk Organizations: Starship, SpaceX, Service, Technologies, Elon Musk's, United States Patent, Starship Technologies, Belgium Brewing Company, Harbor, X Social Media, X Corp, Reuters, BI Locations: Burbank , California, Colorado, Florida, California
Anthony Levandowski, who co-founded Google's Waymo, says Tesla has a huge advantage in data. Musk has promised self-driving Teslas for the better part of a decade. Likewise, Levandowski said he hoped for "a little more steak and less sizzle" on the substance of Tesla's self-driving technology. Related storiesYet perhaps few people understand the nitty-gritty of self-driving tech better than Levandowski. Uber's advantageWhile Tesla and Waymo compete for tech supremacy, Uber might be the frontrunner in the robotaxi race right now.
Persons: Anthony Levandowski, Google's Waymo, Tesla, Levandowski, , Elon, that's, Musk, Uber, Donald Trump, That's, a16z, Waymo, Dmitri Dolgov, Ben Thompson, Thompson, Levandowki Organizations: Business, Google, Service, Wall Street, Wayve, General Motors Locations: Pronto
The vast majority of analysts surveyed by FactSet hold a strong buy or buy rating on the stock. Despite its recent slowdown, analysts surveyed by FactSet have a consensus buy rating on the dominant e-commerce platform. Bullish voices on the stock include Goldman Sachs analyst Eric Sheridan, who recently reiterated a buy rating and $230 price target. JPMorgan's Anmuth is similarly positive on Amazon ahead of earnings, rating the stock overweight and saying it remains the favorite in the bank's firm's internet sector coverage. The consensus FactSet rating on Meta is buy, with an average price target of $604, suggesting just 2.3% potential upside.
Persons: Roundhill, , selloff, Goldman Sachs, Kash Rangan, Nvidia's Blackwell, Brad Zelnick, Amit Daryanani, Daryanani, Apple's wearables, qtr, Tim Cook's, you'd, Morgan Stanley, Jensen, Blackwell, Biden, Tesla, enthusiam, Elon, Wells, Colin Langan, Department's, Doug Anmuth, Bank of America's Justin Post, Eric Sheridan, Sheridan, Goldman, Anmuth, Baird, Roth MKM, JPMorgan's Anmuth, Goldman's Sheridan, Meta's, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, CNBC, Windows, Investment, Deutsche Bank, Justice Department, Blackwell, Bloomberg, Ford, General Motors, EV, Google, FactSet, Bank of America's, ISI, Walmart, Costco, eBay, Meta, Ray, Labs, Facebook, Temu, Goldman Locations: China, FactSet, ., Downside, U.S, Wells Fargo, American, Meta's Asia, Pacific
Uber CEO Dara Khosrowshahi told the Financial Times that competing with Elon Musk is not easy. He said he would "love" to get Tesla's robotaxis on the Uber platform when it's ready to roll out. AdvertisementUber CEO Dara Khosrowshahi says going head-to-head with Elon Musk can be tough — so he's open to partnering with him. "Obviously, competing with Elon Musk is no easy matter, and we take nothing for granted; we really want to partner with the autonomous industry," he told the FT in an interview that aired Tuesday. Uber and Tesla didn't immediately respond to requests for comment from Business Insider, made outside normal working hours.
Persons: Dara Khosrowshahi, Elon Musk, , Khosrowshahi, Tesla, Uber, Musk, hasn't Organizations: Financial Times, Elon, Service, Tesla, Warner Bros, Business Locations: Burbank , California
Stellantis CEO Carlos Tavares says automakers will have a tough time if the EV transition slows. "Making a transition for EVs longer is a big trap," Tavares said. AdvertisementAutomakers will find themselves in a "big trap" if the industry's transition toward electric vehicles slows down, Stellantis CEO Carlos Tavares said on Monday. "Making a transition for EVs longer is a big trap," Tavares said. AdvertisementSeveral auto chiefs have raised concerns about the rise of Chinese automakers.
Persons: Carlos Tavares, Tavares, , It's, Stellantis didn't, William Roberts, BI's Tom Carter, Dylan Khoo, BI's Carter, EVs, Khoo, Jim Farley, Ola Källenius, Källenius Organizations: Service, Financial Times, Paris, Financial, Chrysler, Fiat, Maserati, Peugeot, Business Insider, European Automobile Manufacturers ' Association, Rho Motion, ABI Research, Research, BI, Street, Benz, Berlin Global Locations: Europe, Germany, Thailand, Brazil, China
SpaceX made history as it returned its Super Heavy booster to its launch site in Texas. For Elon Musk, it was a chance to prove the doubters wrong — and he did. SpaceX Starship. Related storiesAnd Musk earned online applause from legions of Starship fans, including Google CEO Sundar Pichai. Wall Street analysts attributed the decline partly to skepticism over Tesla's ability to deliver fully autonomous driving.
Persons: Elon Musk, , SpaceX's, Musk, SERGIO FLORES, Dan Huot, Sundar Pichai, Tesla, Gretchen Newsom, Lex Fridman, Artemis, Peter Thiel Organizations: SpaceX, Super, Service, AFP, Getty, National Press Club, Google, Twitter, eventual, Wall Street, Warner Bros Studios, California Coastal Commission, Federal Emergency Management, Elon Locations: Texas, California
Chinese EV startup Xpeng is relishing the prospect of testing its tech against Tesla. Like other Chinese EV companies, Xpeng is blocked from entering the US market by tariffs. Meanwhile, Tesla has been trying to get approval to sell its autonomous driving tech in China. It will face brutal competition in China, with many EV makers marketing their own autonomous driving systems. Xpeng has enjoyed booming sales in China's red-hot EV market in recent months, posting record monthly deliveries in September.
Persons: Tesla, , Xpeng, Brian Gu, Elon Musk's, Joe Biden, Gu, Xiaopeng Organizations: Tesla, Service, Tesla's, Paris, EV, China's EV Locations: China, Guangzhou, Europe
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Winning week for marketsAll major U.S. indexes rose Friday on the back of encouraging inflation data and positive earnings from big banks. That gave them a winning week. Banks' earnings in good shapeJPMorgan Chase , the biggest bank in the U.S., reported third-quarter earnings and revenue that beat estimates.
Persons: Jerome Powell, Europe's, Tesla's, Tesla, Elon Musk, Musk, of Finance Lan Fo'an, Lan, Banks, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: US Federal Reserve, National Association of Business Economics, CNBC, of Finance, JPMorgan, It's Bank of America Locations: Nashville , Tennessee, U.K, China, Beijing, U.S
CNBC's Jim Cramer on Monday opined on the continuous success of Big Tech stocks in the market, explaining why the Magnificent Seven, as well as Netflix , continue to rally as the bull market persists. "Even if you've missed these rebounds in the Magnificent Seven plus Netflix, don't, don't sweat the program," he said. The Magnificent Seven includes Amazon , Alphabet , Apple , Microsoft , Nvidia , Meta and Tesla , and many of these stocks have seen declines in recent months followed by strong rebounds. And despite Tesla's robotaxi flop, Cramer said it's unwise to short the stock and bet against CEO Elon Musk. "Other groups can roar, too, in this market, perhaps because there's just a lot of money going around."
Persons: CNBC's Jim Cramer, you've, Cramer, Apple, Elon Musk, hasn't, there's Organizations: Big Tech, Netflix, Microsoft, Nvidia, Meta, Apple, Federal Reserve Locations: China
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Winning week for marketsAll major U.S. indexes rose Friday on the back of encouraging inflation data and positive earnings from big banks. That gave them a winning week. Banks' earnings in good shapeJPMorgan Chase , the biggest bank in the U.S., reported third-quarter earnings and revenue that beat estimates.
Persons: Tesla's, Tesla, Elon Musk, Musk, of Finance Lan Fo'an, Lan, Banks, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: New York Stock Exchange, CNBC, of Finance, JPMorgan, It's Bank of America Locations: New York, Asia, Pacific, Shanghai, Beijing, China, U.S
Tesla's robots serving drinks and talking to guests at the "We Robot" were partly controlled by humans. Please be nice to the Optimus robots. Tesla's Optimus robots walked into the spotlight at the company's "We, Robot" event. Videos of guests' interactions with the Optimus robots posted online underscored that humans were involved. Tesla has said it's already deployed two Optimus robots on its factory floor, though it is unclear what tasks they are completing.
Persons: Tesla, , Elon Musk, Optimus, Musk, you'll, livestream Morgan Stanley, I'm, Jeremy Judkins, Josh Wolfe, it's Organizations: Service, Optimus, Lux Capital, Tesla
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI find Elon Musk's foray into politics 'really off-putting', says Musk biographer Walter IsaacsonWalter Isaacson, ‘Elon Musk’ author, Perella Weinberg Partners advisory partner and Tulane professor, joins 'Squawk Box' to discuss the fifth test flight of SpaceX’s Starship rocket, Tesla's pivot to AI and robotics, the company's robotaxi reveal, Elon Musk's endorsement of former President Trump, and more.
Persons: Elon, Walter Isaacson Walter Isaacson, ‘ Elon Musk, Perella Weinberg, Elon Musk's, Trump Organizations: Perella Weinberg Partners, Tulane
Insider Today: Robotaxi reality check
  + stars: | 2024-10-13 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
On the agenda today:But first: Elon Musk's robotaxi got lost on the way to Wall Street. This week's dispatchTesla's upcoming Robotaxi TeslaRobotaxi dreams meet Wall Street realityElon Musk unveiled Tesla's robotaxi, along with a robovan and updates to its humanoid robot, at a flashy event in Los Angeles this week. Wall Street wasn't buying it. AdvertisementIt's tough to bet against Elon Musk, as many on Wall Street have discovered. Wall Street is taking note, and Amazon could soon face pressure to return some of its cash with buybacks or dividends.
Persons: , Microsoft's, Elon Musk's robotaxi, Tesla, Elon Musk, Musk, Alyssa Powell, Anand Selva, He's, who've, Selva, Chelsea Jia Feng, that's, Natalie Ammari, Vishal Persaud, SunPower, it's, Ibrahim Rashid Organizations: Business, Service, Warner Bros, Detroit, Elon, Citi Citi Bank, Getty, Citi, Big, Microsoft Locations: Los Angeles, Burbank, America
Tesla stock fell more than 9% on Friday, reducing Elon Musk's net worth. Though his net worth dropped by about $15 billion, Musk remains the world's richest man. The company's stock tumbled in the aftermath — and with it, CEO Elon Musk's net worth. According to the Bloomberg Billionaires Index, updated after the close of trading in New York, Musk's net worth fell by $15 billion. The company's stock value had continued its downward trend through early August then rebounded in September — bringing Musk's net worth to more than that of McDonald's and Pepsi.
Persons: Tesla, , Elon, Forbes, Musk, Tesla's, Morgan Stanley, Adam Jonas, Dan Ives Organizations: Elon, Service, Wall Street, Bloomberg, Pepsi, Business, Wall Locations: Los Angeles, Tesla, New York
Tesla fan and attendee Matthew Donegan-Ryan rode in the new Cybercab. Tesla fan and investor Matthew Donegan-Ryan attended the glitzy launch on a film lot at the Warner Bros. @_SFTahoe pic.twitter.com/0Xoubi9hY4 — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024The Cybercab, Tesla's first robotaxi, was revealed alongside a 20-person Robovan. pic.twitter.com/iUD0aKThZa — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024Donegan-Ryan was also surprised by how few cameras the Cybercab had. The Cybercab bears a stylistic resemblance to another Tesla vehicle, the Cybertruck, and Donegan-Ryan said that similarity was particularly apparent in person.
Persons: Elon Musk, Tesla, Matthew Donegan, Ryan, , robotaxi, 0Xoubi9hY4 — Matthew Donegan, Tesla's, Uber, Cybercab, Donegan, iUD0aKThZa — Matthew Donegan, Franz von Holzhausen, Lars Moravy —, wouldn't, Musk, they're, Dan Ives Organizations: Service, Warner Bros ., Warner Bros, BI, Tesla Staff Locations: Burbank , California
AdvertisementIf Elon Musk can fully deliver on his plans to make Tesla's Robotaxi the new go-to mode of transport, he could bring an end to the ride-hailing economy as we know it. "Tesla's vehicles, sensors, and software will all need to be approved in any market they hope to enter. "Until Tesla robotaxis are transporting 100,000 paying customers a week around major American cities like Waymo does, Tesla Robotaxi is nothing more than the latest work of fiction to come out of the Warner Bros. "We also believe TSLA could struggle to scale fleet operations without offering access to demand via Uber/Lyft." Uber is already preparing for a future of electric cars and autonomous vehicles without Tesla's involvement.
Persons: BYD, , Elon, aren't, Tesla, Uber, Musk, Jefferies, John Colantuoni, Paul Miller, Forrester, Dan O'Dowd, Waymo, I've, Gene Munster, Brian Baker, Matt Bryson, Dara Khosrowshahi, We're Organizations: Service, Warner Bros, Tesla, Warner Bros ., Asset, Jefferies, Tesla's, BYD, Aurora, AV Locations: Burbank , California
Klaudia Radecka | Nurphoto | Getty ImagesTesla 's hyped robotaxi unveiling posed a threat to Uber 's ride-sharing aspirations, but it has turned into a boon for the stock instead. That is a massive turnaround for Uber's stock, which is now up nearly 22% over the past month and about 38% for the year. "We believe this helps minimize the ongoing overhang on UBER's stock from TSLA's aspirations in the robotaxi space." Although Tesla appears committed to developing its robotaxi fleet without partnering with existing ride-sharing platforms, Colantuoni expects it could ultimately have to look into this option. Tesla "potentially underappreciates the obstacles to scaling a robotaxi fleet" and could struggle to scale its fleet operations without offering access to demand through Uber and Lyft, he said.
Persons: Klaudia, Tesla, Uber, Jefferies, John Colantuoni, TSLA, Colantuoni, Scott Brauer Organizations: Nurphoto, Lyft, Nasdaq, Jefferies, Tesla, Bloomberg, Getty Locations: Krakow, Poland, Seattle , Washington
Waymo's ex-CEO said Tesla isn't "serious about building a safe and accessible Robotaxi business." AdvertisementIt seems former Waymo CEO John Krafcik was unimpressed by Tesla CEO Elon Musk's much-hyped "We, Robot" event. Alongside the Robotaxi, Tesla also showed off a 20-passenger Robovan and its Optimus humanoid robots. He added: "If a company were serious about building a safe and accessible Robotaxi business, it would look nothing like what was shown, or said, last night." AdvertisementMusk teased Tesla Robotaxis in 2019.
Persons: Tesla, Waymo's, Elon, , John Krafcik, Elon Musk's, Musk, Krafcik, Tesla's Robovan, Donald Trump, Phil Koopman, Horacio Villalobos, Morgan Stanley, Gene Munster Organizations: Service, Warner Bros, Fifth, Business, Deepwater Asset Management Locations: Burbank , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's stock lower on Cybercab timing and no affordable model update, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Tesla's robotaxi event and the stock reaction.
Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management
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