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Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.

Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, —, Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern

☆ Elon Musk's private jet has landed in Florida following report he'll be watching election results with Donald Trump
▼ + stars: | 2024-11-05 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +4 min

Donald Trump megadonor Elon Musk's private jet has landed in Florida. AdvertisementElon Musk's private jet has landed in Florida, where the billionaire will reportedly watch the election results roll in with Donald Trump at Mar-a-Lago. After flying from Austin to Cameron County, Texas — where SpaceX is located and Musk said he voted — earlier this afternoon, Musk's private jet landed in West Palm Beach, according to jet-tracking service Jetspy. On Tuesday, The New York Times reported that Musk, a Trump megadonor, was to spend election night with Trump, citing three sources with knowledge of Musk's schedule. Sweeney told Business Insider that Musk's jets were easily identifiable because Musk's jet continued broadcasting its call sign.

Persons: Donald Trump megadonor, Donald Trump, —, Musk, Trump, Elon Musk, Jack Sweeney, Sweeney Organizations: Donald Trump megadonor Elon, Mar, Trump, GOP, Service, Elon, SpaceX, The New York Times, Palm Beach Convention Center, Representatives, Musk, Business, PIA, Federal Aviation Administration, Republican Party, Musk's America PAC, PAC Locations: Florida, Austin, Cameron County , Texas, West Palm Beach, Palm Beach, Pennsylvania, New York City

☆ BYD's hybrid popularity catches up to Tesla in China
▼ + stars: | 2024-11-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla is falling behind in China as BYD's hybrids take off. Hybrid sales have helped to drive up overall plug-in sales in China this year. AdvertisementPlug-in sales in China (which include hybrid models) increased nearly 51% in October compared to last year, and the segment accounted for more than half of all car sales in China last month. Related storiesWhile Tesla continues to focus on battery-powered vehicles solely, BYD has grown its market share in China with popular hybrid offerings. At an earnings reporter earlier this year, Musk blamed a focus on hybrids for eating into Tesla's sales.

Persons: Tesla, —, Elon, BYD, Musk Organizations: Tesla, Service, China Passenger Car Association, EV Locations: China, Shanghai

☆ Elon Musk's spiraling too far towards conspiracy theories, says 'Elon Musk' author Walter Isaacson
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's spiraling too far towards conspiracy theories, says 'Elon Musk' author Walter IsaacsonWalter Isaacson, Perella Weinberg's advisory partner discusses Isaacson's thoughts on the election results thus far, Elon Musk's political pivot, and more.

Persons: Elon Musk, Walter Isaacson Walter Isaacson, Perella, Elon Organizations: Elon

☆ How tech stocks could fare under a Harris or Trump administration
▼ + stars: | 2024-11-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

They have also considered the impact of potential tariffs proposed by former President Donald Trump. Some on Wall Street view a Harris win as a potential obstacle for antitrust and megacap technology stocks. "Regulatory scrutiny will probably help a lot of M & A activity under Trump — Harris, it'll be a little more of the status quo," said Jay Woods, chief global strategist at Freedom Capital Markets. This could "slow the pace of the AI revolution," he said in a recent post to X that also called a Harris win "more bullish" for the industry. Some investors also view Tesla as a likely winner under a Trump administration, given CEO Elon Musk's close ties to the former president.

Persons: Kamala Harris, Donald Trump, Roger McNamee, Harris, Trump, Trump — Harris, it'll, Jay Woods, McNamee, Vivek Arya, Joe Rogan, Arya, Ed Mills, Raymond James, of America's Brad Sills, Raymond James ' Mills, Dan Ives, Trump's, Tesla, Elon Musk's, Capital's, Wolfe, Chris Senyek Organizations: Elevation Partners, Tech, Antitrust, Google, Justice Department, Trump, Freedom Capital, Bank of America, PHLX Semiconductor, Democrat, Republican, SOX, Devices, Qualcomm, Nvidia, Broadcom, Texas Instruments, Intel, of America's, Microsoft, Oracle, Wedbush Securities, Investors Locations: stoke, Taiwan, China, Washington

☆ Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia
▼ + stars: | 2024-11-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

David Kirton | ReutersBEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia . The startup is also in "deep cooperation" with Nvidia, Zhou said, noting "in-depth discussions" with the chipmaker's CEO Jensen Huang. Zhou spoke on "Commercializing mass-produced autonomous driving solutions" at Nvidia's closely watched GTC AI conference in March. Those maps, used by autonomous driving companies such as Alphabet's Waymo, give a car a detailed picture of city streets. Chinese autonomous driving software developer WeRide went public on the Nasdaq last month, while robotaxi operator Pony.ai has filed for a U.S. IPO.

Persons: David Kirton, It's, Maxwell Zhou, Zhou, Jensen Huang, Deeproute, Orin, Japan Deeproute, Tesla, Elon, WeRide, Pony.ai Organizations: Reuters, Nvidia, Wall, CNBC, Huawei, Nasdaq, Industry Locations: Shenzhen, Guangdong province, China, Reuters BEIJING, Deeproute, U.S, Japan, California

☆ As Americans head to the polls, social media companies are in the spotlight
▼ + stars: | 2024-11-05 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +15 min

Beata Zawrzel | Nurphoto | Getty ImagesWith Americans heading to the polls on Election Day, social media companies like Meta , TikTok, X and YouTube are under intense pressure to handle what's expected to be a flood of disinformation, heightened by the rise of artificial intelligence. The video amassed hundreds of thousands of views within hours after it was posted on Elon Musk's social media platform X. And TikTok failed to catch ads containing false election information despite its ban on political advertising, according to an October report from Global Witness. On Facebook and Instagram, Meta said it's adding fact-check labels to election content that's been debunked. In sharing dozens of posts a day on X, Musk regularly amplifies false election information to his more than 200 million followers.

Persons: Kamala Harris, Donald J, Beata Zawrzel, It's, Hillary Clinton, Meta, it's, aren't, Mark Zuckerberg, Celal, that's, Adam Mosseri, Mosseri, we've, National Intelligence Avril Haines, TikTok, Donald Trump, Joe Biden, Tesla, Elon Musk, Carlos Barria Carlos Barria, Reuters X, Musk, Trump, YouTube Omar Marques, Evan Spiegel, Joe Scarnici, Brendan Mcdermid Organizations: Trump, Twitter, Nurphoto, Meta, YouTube, Russian, Democratic, Infrastructure Security Agency, FBI, National Intelligence, Elon, stoke, CNBC, NBC News, Global, Washington DC, Anadolu, Getty, Reuters, USA, Associated Press, Facebook, Instagram, Election, Democracy Works, TikTok's, AP, Republican, U.S, Madison, REUTERS, Lightrocket, Google, Snap Inc, Barker, Vote.org, NBC, Poynter Institute, Traders, New York Stock Exchange Locations: Russia, Iran, China, Pennsylvania, CISA, North Carolina, Dirksen, Washington, United States, U.S, PolitiFact, New York, Santa Monica , California, New York City

A Pennsylvania judge on Monday declined an effort by the Philadelphia district attorney to stop Elon Musk’s America PAC from doling out cash prizes to registered voters. The judge's injunction means Musk's PAC will be able to do one last giveaway on Tuesday, the last day of the offer. The America PAC giveaway has promised million-dollar checks to some voters and $47 and $100 payments to other registered voters who signed a political pledge in swing states. Philadelphia District Attorney Larry Krasner sued Musk and America PAC last month, alleging that the giveaways were an illegal, unregulated lottery, but at a hearing Monday, America PAC attorney Chris Gober said it wasn’t a lottery because winners aren’t determined by chance. Musk’s legal team delayed this hearing last week, filing to move the case to federal court.

Persons: Larry Krasner, Musk, Chris Gober, Gober, John Summers, “, ” Krasner, Andy Taylor, ” Organizations: Elon Musk’s America PAC, America PAC, Philadelphia Locations: Philadelphia, Michigan, Pennsylvania

Elon Musk’s posts on his social media platform X get far more attention when they cast doubt on the integrity of the electoral process, an NBC News analysis has found. The difference in reach was vast: 5.2 times more likes, 4.2 times more comments and 9.1 times more reposts, when comparing the median election-doubting post to the median election post that didn’t cast doubt on the process. In addition to owning X, Musk is its biggest account, with more than 202 million followers, according to the app’s tally of his following. X has developed a clear tilt in favor of far-right users and posts since Musk bought it two years ago, according to researchers. Musk told an editor at The Atlantic in July that he would “of course” accept the results of the presidential election, according to the magazine.

Persons: Elon Musk’s, Musk’s, —, It’s, Donald Trump, Kamala Harris, he’s, Musk, “ Organizations: NBC, SpaceX, Trump Locations: United States, U.S

He recently told the Wall Street Journal editorial board that Chinese President Xi Jinping respects him but also knows he’s “crazy” and wouldn’t provoke him. But Chinese officials might also see potential for Musk to be a mitigating influence on issues such as tariffs. Like other American business leaders, Musk has met with senior Chinese officials as Beijing courts international companies. AP fileIf Chinese officials receive Musk almost like a world leader, the Chinese public treats him like a rock star. Chinese officials have not been shy about making the connection between what Musk says and where he makes his money.

Persons: Donald Trump, Elon Musk, Jia Qingguo, Trump, ” Jia, Xi Jinping, he’s, ” Trump, Joe Biden’s, “, they’re, ”, Kelly Grieco, Musk, Li Qiang, Qin Gang, ” Grieco, Jennifer Lian, Henry Kissinger, Ian Bremmer, Tesla, Kuan, “ He’s, ” Tesla, Li Keqiang, Li, ” Musk, Grieco, didn’t, Xi, Qin, Hsiao, Kamala Harris, Janis Mackey Frayer, Jennifer Jett Organizations: SHANGHAI, Trump, Peking University, NBC News, Wall Street, Stimson, Qin, Weibo, Communist Party ., Eurasia Group, SpaceX, Shanghai Gigafactory, Getty, U.S, Shanghai, NBC, Global Times, Financial Times, Beijing, Washington, U.S ., Democratic Locations: China, Beijing, Musk, Washington, U.S, United States, York, Shanghai, Chinese, Jiangsu, Xinjiang, Taiwan, Hong Kong, Starlink, Ukraine, Russian, British, European

☆ Philadelphia DA doubts Musk's $1M-a-day giveaway 'winners' got anything besides 'big cardboard checks'
▼ + stars: | 2024-11-04 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

Has Elon Musk's $1M-a-day "lottery" distributed these windfalls, or only "big cardboard checks?" That was a question raised in court Monday by a lawyer for the Philadelphia DA, who is suing Musk. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "He was the one who presented the checks, albeit large cardboard checks," Gober said of Musk. Musk's lawyers did not address on Monday whether anyone promised a $1 million check has actually received $1 million.

Persons: Musk, —, Elon, they've, John S, Summers, Angelo Foglietta, Gober, Elon Musk, Larry Krasner, Chris Gober, Krasner, he's, Taylor Swift, I've Organizations: Elon, Philadelphia DA, Service, Elon Musk's, Democratic, Musk's, PAC, Musk, America PAC, Democrat, SpaceX Locations: Philadelphia's, Pennsylvania, Philadelphia , Pennsylvania, Philadelphia County

Philadelphia District Attorney Larry Krasner on Monday testified that Tesla CEO Elon Musk and his political action committee know they are conducting an "illegal" lottery by giving away $1 million to registered voters in Pennsylvania and other swing states before Election Day. "They know what they're doing is illegal and they are doing everything under the sun to clean it up," Krasner said. "There is no First Amendment right to commit crimes," the DA testified in the Philadelphia County Court of Common Pleas. "There is no First Amendment right to commit fraud." Under questioning by attorney John Summers, who is representing Krasner's office, the DA said the fact that he is a Democrat had nothing to do with his decision last week to sue the billionaire Musk and America PAC over the daily giveaway, which is due to end Tuesday.

Persons: Larry Krasner, Elon Musk, Krasner, Donald Trump, Kamala Harris, John Summers, Musk Organizations: Philadelphia, Musk's America PAC, Democrat, America PAC Locations: Pennsylvania, Philadelphia

☆ Elon Musk has a lot to gain if Trump wins. A Harris presidency is more uncertain.
▼ + stars: | 2024-11-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +8 min

Musk could gain influence at the federal level if Trump is elected president. It's unclear what a Harris administration would mean for Musk and his business empire. Musk under HarrisWhile Musk could gain power, government contracts, and looser regulations under Trump, it's unclear how he might be impacted under a Harris administration. For X, which Musk has branded as the platform for freedom of speech, Gordon said a Harris administration could pressure it to ban material labeled as "misinformation." AdvertisementIt's also possible nothing would meaningfully change for Musk under a Harris administration.

Persons: Elon Musk, Donald Trump, Musk, Trump, Harris, —, He's, Francesco Trebbi, Erik Gordon, Gordon, Tesla, eyeing Musk's, Trebbi, X, Tevi Troy, Troy, Joan MacLeod Heminway, Cary Coglianese, Tom Narayan, Karoline Leavitt, Leavitt, he's, Coglianese, it's, Carl Icahn, Tim Cook, Heminway, Elon Organizations: Service, Elon, Republican Party, Trump, Trump Many, University of California Berkeley, Musk, University of Michigan's Ross School of Business, Traffic Safety Administration, SpaceX, Department of Defense, Bank of America, Center, White House, University of Tennessee, University of Pennsylvania, Penn, RBC Capital Markets, Democratic, Green New Deal, Twitter, Apple Locations: Pennsylvania, Pittsburgh, Texas, California, Mexico

☆ Here's a final breakdown of how both presidential candidates might affect your finances
▼ + stars: | 2024-11-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, a final look at the impact a Harris or Trump presidency will have on your finances . The big storyThe White House and your walletGetty Images; Jenny Chang-Rodriguez/BIOn the eve of election day, we're offering a final breakdown of how both candidates might affect your wallet. Let's get into it:Investing : The corporate tax rate is the major difference between the two sides that'll likely have the biggest impact on markets. Harris wants to raise the corporate tax rate, which would likely have the opposite effect. Cost of things : Both candidates are looking to keep leveraging tariffs, but Trump's policy is much more aggressive.

Persons: —, Harris, Trump, let's, Jenny Chang, Rodriguez, Kamala Harris, Donald Trump, Let's, she's, Mario Tama, Peacock, Chip Somodevilla, Dow, BI's Emma Cosgrove, Siri, We've, Montana Sen, Jon Tester, Colin Allred, Carl Godfrey, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, BI, . Tech, Nvidia, Intel, Dow Jones, Trump, Mario, Fed, Street, CNBC, MSNBC, NBC, Apple Intelligence, WWDC, Apple, Democratic, Texas Rep, Fox Corp, Goodyear, Marriott Locations: Trump, New York, London

☆ Watch the AI robots that Jeff Bezos just invested in fold laundry and put eggs in a carton
▼ + stars: | 2024-11-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Jeff Bezos just invested in an artificial intelligence startup creating digital brains for robots. Videos from the company show robots folding laundry, bussing tables, and assembling boxes. At Physical Intelligence (π) our mission is to bring general-purpose AI into the physical world. Physical Intelligence, a representative for Bezos, and the other VC firms reportedly in the funding round did not immediately respond to requests for comment from Business Insider. OpenAI and Microsoft have invested in humanoid robot startup Figure AI.

Persons: Jeff Bezos, — Organizations: Service, Physical Intelligence, Amazon, Lux Capital, The New York Times, Business

☆ Judge denies motion to block Elon Musk's $1 million voter giveaway
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJudge denies motion to block Elon Musk's $1 million voter giveawayCNBC's Steve Kovach has update on legal battle over Elon Musk's $1 million voter giveaway in Pennsylvania.

Persons: Steve Kovach Organizations: Elon Musk's Locations: Pennsylvania

☆ Twitter and TikTok Users' Election Projections Are Completely Warped.
▼ + stars: | 2024-11-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +7 min

And earlier this year, the company made further moves to de-emphasize political content on Instagram, Facebook, and Threads. Meanwhile, half of the 18- to 29-year-olds surveyed by the Pew Research Center saying they watch political content on TikTok. No one on social media has the answer to what will happen in Tuesday's election. Anxiously reposting or liking election content may feel like the only thing we can do as the clock ticks down. For now, the best way to alleviate that anxiety might be to get off social media until Tuesday passes.

Persons: Kamala Harris, Donald Trump's, Trump, MAGA, Trump's, Harris, Joe Biden, Trump megadonor Elon Musk, It's, Musk, Ioana Literat, Megan Smith, ProPublica, Tracy Clayton, Sol Messing, Messing, Instagram, Michelle Obama, we've, it's, that's Organizations: Trump, Trump megadonor, Republican, Pew Research Center, Columbia University's Teachers College, Social Media, Facebook, Meta, Pew Research, New York University's Center for Social Media, Politics, Twitter, Musk's America PAC Locations: Florida, Texas, California, Philadelphia, . New Hampshire, Virginia, Pennsylvania, United States, Washington, New, Ohio

Krasner said that his "patriotic" team was prepared to handle any issues on Election Day and called any attempts to undermine or influence the vote in Philadelphia "utterly unacceptable." "As they say in Philly, if somebody wants to come and do that, they can F around and find out," he added. A man demonstrates in favor of letting all ballots be counted on Nov. 6, 2020, in front of the Convention Center in Philadelphia. During a 2020 presidential debate, Trump warned that "bad things happen in Philadelphia." “Thing two, of course, is that the most diverse and most Democratic — capital 'D,' Democratic — city in Pennsylvania is Philadelphia.

Persons: Donald Trump's, Larry Krasner, we’ve, ” Krasner, Krasner, Jennifer Huxta, Donald Trump, George H.W, Trump, Rudy Giuliani, —, Joe Biden, Biden, Mike Roman, “, I'm, they've, I've, holler, everybody's, he's, Elon Musk, Stewart Rhodes, Enrique Tarrio, Jan, Antonio Lamotta Organizations: WASHINGTON, NBC News, Convention Center, Bloomberg, Getty, Democrat, Republican, Pennsylvania, Philadelphia, New, New York City, Trump, Democratic, FBI, Philadelphia Convention, Proud Boys, Capitol Locations: Pennsylvania, Philadelphia, America’s, Philly, New York, Erie , Pennsylvania, Detroit, Atlanta, Pittsburgh, Democratic —, U.S

America PAC has been tasked with much of the pro-Trump canvassing operation as his campaign focuses its efforts on a more limited effort targeting so-called low-propensity voters. “I know it’s been flagged for America PAC that this has been transpiring,” an operative formerly on the effort said. As some of that data spilled into public view last month, an operative close to the effort said: “All hell has broken loose” inside the PAC. Through late October, America PAC had spent upward of $54 million on Blitz’s services, according to Federal Election Commission filings — more than the PAC has on the three other vendors combined. America PAC ended its relationships this summer with two other prominent GOP-aligned canvassing firms that were knocking on doors as part of its effort.

Persons: they’re, Donald Trump’s, Trump, canvassers, ” Drew Ryun, Chris Turner, Jefferson Thomas, Josh Penry, Jon Seaton, ”, ‘ There’s, Ron DeSantis ’, Elon Musk, Phil Cox, “ isn’t, Turner, Thomas, Penry, Seaton, baselessly, ‘, ‘ Donald Trump, ’ ‘, it’s, Alysia McMillan, I’ve, “ We’re, we’ve, Helene, “, “ I’m, David Plouffe, Kamala Harris ’, “ Elon Musk, Elon Organizations: Republican, Elon, America PAC, NBC News, Trump, NBC, telltale, PAC, Patriot Grassroots, Synapse Group, Echo Canyon Consulting, Florida Gov, Musk’s, America, Patriot, Synapse, . America PAC, GOP, Blitz, The Guardian, Reuters, ”, CNN, Nelk Boys YouTube Locations: Nevada and Arizona, Florida, Nevada , Michigan, Arizona, North Carolina, . In Nevada, America, Nevada, ”, Wisconsin, Iredell County, Charlotte

☆ Elon Musk $1 million voter lottery suit sent back to state court
▼ + stars: | 2024-11-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks about voting during an America PAC Town Hall in Folsom, Pennsylvania, U.S., October 17, 2024. A federal judge in Pennsylvania on Friday sent back to state court a lawsuit against billionaire Elon Musk and his political action committee seeking to halt their $1 million daily giveaway to voters in the swing state. The order returning the case to state court in Philadelphia came a day after the suit by the city's District Attorney Larry Krasner was removed to federal court at the request of the Tesla CEO Musk and his America PAC. Krasner's lawsuit accuses Musk and the PAC of running an illegal lottery by offering a random cash prize to registered voters in Pennsylvania. Friday's ruling sets the stage for Krasner to potentially obtain a quick order in the Philadelphia Court of Common Pleas blocking America PAC from awarding any more $1 million prizes to registered voters in the state.

Persons: Elon Musk, Donald Trump, Larry Krasner, Musk, Krasner, Gerald Pappert, Pappert, John Summers Organizations: PAC Town Hall, America PAC, PAC, District Attorney, America Locations: Folsom , Pennsylvania, U.S, Pennsylvania, Philadelphia, city's

☆ Some Democratic political advertisers are still betting on X, despite Elon Musk's allegiance with Donald Trump
▼ + stars: | 2024-11-01 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Elon Musk's ownership has shifted X's political stance, affecting Democratic ad spending. X switched political ads back on last year as it looked to recoup lost revenue after a brand exodus. AdvertisementWhile some Democratic political advertisers — including Kamala Harris' presidential campaign — have stopped spending on X altogether, a small number are holding firm. It ceased taking political advertising in 2019 under former CEO Jack Dorsey; Musk reversed that decision last year. The research firm EMARKETER predicted that political ad spending in the US will top $12 billion this year.

Persons: X, —, Kamala Harris, Elon Musk, revved, hasn't, Colin Allred, Sen, Ted Cruz, Jon Tester, Tim Sheehy, — Jon Tester, it's, Harris, Linda Yaccarino, Tyler Goldberg, Mike Nellis, Nellis, I've, Matthew Madrazo, Jonathan Phelps, X's, Ned Segal, Jack Dorsey, Musk, Elon, Mark Jablonowski, Andy Kiersz Organizations: Elon, Democratic, Service, Twitter, Trump, Texas Senate, Montana, Solutions, Republican, Fox News, Democrats, Nellis, Media, X, Financial Times, Meta, Google Locations: Texas, Montana, Washington ,

☆ 5 reasons BYD is surging ahead after eclipsing Tesla's quarterly sales for the first time
▼ + stars: | 2024-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The Chinese EV giant said in its third-quarter earnings on Wednesday it had surpassed Tesla's revenues from EV sales for the first time. Executives have said they want half of BYD's sales to come from abroad in the future. Unlike its rival, Tesla, BYD also offers a selection of hybrid vehicles, which are popular in China. Some 311,000 of the 500,000 passenger vehicles BYD sold in October were hybrids, with hybrid sales rising by 62% year-on-year. JADE GAO/AFP via Getty ImagesBYD has sold nearly two million hybrid vehicles this year.

Persons: BYD, Elon Musk, —, Tesla, Elon, GAO, Dylan Khoo, Stella Li, MotorTrend, Axel Schmidt, David Bailey Organizations: EV, Service, BYD, Getty, Mercedes, BMW, China, ABI Research, University of Birmingham Locations: China, Costfoto, Mexico, Brazil, Americas

PHILADELPHIA — Elon Musk’s legal team filed court papers that delayed a potential ruling on a lawsuit over his super PAC's $1 million lottery-style giveaways. The federal court filing automatically blocked any immediate action in state court, where Judge Angelo Foglietta had already scheduled Thursday’s hearing. Summers said he planned to argue in federal court to have the case returned to state court. “We will proceed to federal court, and we will address the issues there and seek to have the matter remanded back to the state court,” he told reporters outside the state courtroom Thursday. “Let’s be serious.”“If anyone could land a rocket ship in Philadelphia, it’s Elon Musk,” Summers replied.

Persons: PHILADELPHIA — Elon, Larry Krasner, Musk, —, John Summers, Krasner, Matthew Haverstick, Angelo Foglietta, Foglietta, Jerry Pappert, Barack Obama, Summers, “, ”, ” Summers, DA Krasner, Elon Musk, ” Foglietta, Haverstick, He’s, it’s Elon Musk, David Ingram, Daniel Barnes Organizations: PHILADELPHIA, America PAC, District, . America PAC, Elon Jet, SpaceX, DA, U.S . Justice Department Locations: Philadelphia, U.S, Austin , Texas, Pennsylvania, San Francisco

☆ The New Jersey Democrat running against Elon Musk
▼ + stars: | 2024-10-31 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

Democrat Sue Altman is running against Rep. Tom Kean Jr. in a competitive House race in New Jersey. But she's also running against Elon Musk, whose super PAC has spent over $1.5 million in her race. "Billionaires like Elon Musk," Altman said during the debate, are "funding my opponent's campaign." Advertisement"And by the way, Elon Musk is really creepy," she added, referencing a recent post in which Musk offered to give Taylor Swift "a child" after the pop star endorsed Harris. "I wouldn't let my best friend date Elon Musk, let alone let him buy our elections."

Persons: Sue Altman, Tom Kean Jr, she's, Elon Musk, Altman, —, Tom Kean, Elon, Kean, cain, Donald Trump, Tom Kean , Jr, Trump, — Sue Altman, She's, Kean —, he's, Musk, who's, Musk's largesse, Kamala Harris, Mondaire Jones, Mike Lawler, Will Rollins, Ken Calvert, Volodymyr Tarasov, Sen, John Fetterman of, Tony Stark, Koch, Harris, Joe Biden, Taylor Swift Organizations: Elon, Service, Democratic, Elon Musk's, GOP, America PAC, PAC, New, Families Alliance, Trump, Democratic Rep, Republican, Republican Rep, Publishing, Getty, SpaceX, Democrats, NBC News Locations: New Jersey, New Jersey's, Pennsylvania, York's, California's, John Fetterman of Pennsylvania, Scranton

☆ Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says
▼ + stars: | 2024-10-31 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Threads, Meta 's rival to Elon Musk's X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. The latest numbers indicate Threads is up 175% from a year ago when it reached 100 million users. The app is also up from 200 million monthly actives since Meta's second-quarter report in July. The app is now signing up more than 1 million users per day, Zuckerberg also said on Wednesday. X remains ahead of Threads in terms of users, with research firm Sensor Tower estimating in March that the app had 550 million monthly users.

Persons: Mark Zuckerberg, Elon, Zuckerberg, Musk, Susan Li, We've, Bernstein, they're, Li, Davidson's Luria Organizations: Meta, Twitter, Facebook, Microsoft Locations: Menlo Park , California, U.S, X's U.S

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