Business


Posts filtered by tags: Elon Musk[x]


 

Elon Musk is now officially richer than Warren Buffett. Here's why that doesn't necessarily tell the full story of the billionaires' wealth.

Elon Musk has overtaken Warren Buffett on the Bloomberg Billionaires Index. The Tesla CEO is worth $70.5 billion, while the Berkshire Hathaway CEO's fortune stands at $69.2 billion. Musk has benefited from Tesla stock skyrocketing in recent weeks, while Buffett has been hurt by Berkshire's underperformance and his donation of shares that would be worth $62 billion today. Here are several reasons why Musk's wealth jump above Buffett might not be justified. Visit Business Insider's homepage for ...
Tags: Apple, Elon Musk, Trends, Tesla, Chrysler, Berkshire Hathaway, Warren Buffett, Federal Reserve, University Of Maryland, Berkshire, Musk, Business Insider, Buffett, GEICO, Bloomberg Billionaires Index, Ford GM


Tesla slashed the price of the Model Y after 4 months on sale — and nixed plans for a cheaper version of the SUV (TSLA)

Tesla slashed the price of its Model Y by $3,000, marking the first time the SUV's cheapest option fell below $50,000. It's the second major price cut to Tesla vehicles in the four months the Model Y has been on sale.  As the company works to sustain its profits, the Model Y — and its margins — will be especially important. Tesla's stock price has been on a tear for weeks, rising 322% since the beginning of the year to hit $1,794 per share on Monday. Visit Business Insider's homepage for more...
Tags: Elon Musk, Trends, Tesla, Epa, Musk, Berlin Germany, Wedbush Securities, Fremont California, Musk Co, Markets Insider, Shanghai China Now


Elon Musk's net worth just hit $70.5 billion, surpassing Warren Buffett's. Here's how the billionaire Tesla and SpaceX CEO went from getting bullied as a child to becoming one of the most successful and controversial men in tech. (TSLA)

Elon Musk has had a tumultuous yet successful life.  He was bullied as a child but ultimately attended an Ivy League university, going on to become the CEO of two companies, Tesla and SpaceX, and the founder of three more. He's also been married three times and has triplets and twins. He just had another baby with his girlfriend, the musician Grimes.  But Musk also courts controversy, especially on Twitter. The tech billionaire has been outspoken about the coronavirus crisis, questioning the s...
Tags: Spacex, Elon Musk, Hollywood, Robert Downey Jr, Microsoft, Australia, California, Ebay, Stanford, Ipo, Time, US, Los Angeles, San Francisco, Trends, Tesla


Telsa’s idea of a ‘cheaper’ Model Y is a long range single motor version

Tesla CEO Elon Musk took to Twitter earlier today to let the world know that there is not going to be a cheaper version of the Model Y. Prior to the launch of the Model Y, Tesla said that it would effectively mirror the pricing structure of its Model 3 sedan. The only difference would be a price bump of around $5,000 at each spec level. However, that’s not going to be the case as Musk says the range of a more affordable “standard range” Model Y would be “too low,” Electrek reports. [Read: Honda ...
Tags: Startups, Electric Vehicle, Twitter, Elon Musk, Cars, Tesla, Honda, Musk, Shift, Telsa


Tesla’s idea of a ‘cheaper’ Model Y is a long range single motor version

Tesla CEO Elon Musk took to Twitter earlier today to let the world know that there is not going to be a cheaper version of the Model Y. Prior to the launch of the Model Y, Tesla said that it would effectively mirror the pricing structure of its Model 3 sedan. The only difference would be a price bump of around $5,000 at each spec level. However, that’s not going to be the case as Musk says the range of a more affordable “standard range” Model Y would be “too low,” Electrek reports. [Read: Honda ...
Tags: Startups, Electric Vehicle, Twitter, Elon Musk, Cars, Tesla, Honda, Musk, Shift


Tesla's approach to self-driving technology is completely different from its rivals. See how it works. (TSLA, GM, GOOGL)

Tesla has taken a radically different path to developing fully autonomous vehicles, when compared with competitors, such as Waymo and Cruise. Tesla CEO Elon Musk is confident; last week, he said Tesla could achieve "level five" autonomy this year — meaning no human intervention required. Waymo and Cruise have concentrated in relatively narrow use-cases, while Tesla's technology could be be broadly applied.  But Waymo and Cruise are also dedicated self-driving companies, while Tesla is also pro...
Tags: Google, Facebook, Elon Musk, US, San Francisco, Trends, General Motors, Tesla, Bloomberg, Cruise, Arizona, Gm, Honda, Lidar, Cto, Musk


A new art exhibition exploring the greed of private space travel is inspired by Elon Musk and Jeff Bezos

Contemporary artist Lincoln Townley is famous for his distinctive portraits of Hollywood royalty. Townley has just launched his new collection, Universe, which will exhibit in London's Saatchi Gallery in September. The galactic-themed collection is inspired by the age of private space travel, which Townley says is motivated by "greed, self-publicity, [and] a desire to do things that other people cannot do." Townley says that prominent tech figures collect his work in the US, and some collector...
Tags: Amazon, Elon Musk, UK, Hollywood, London, US, Los Angeles, San Francisco, Trends, Tesla, Earth, Andy Warhol, Richard Branson, Michael Caine, Mars, Jeff Bezos


Third time is no charm as SpaceX scraps launch of 57 internet satellites

A planned launch Saturday, July 11, by Hawthorne-based SpaceX to deploy 57 internet satellites into orbit has been postponed for a third time to “allow more time for checkouts,” the company tweeted. No new launch date was announced, but SpaceX officials said their launch team was working to identify the next earliest launch opportunity. The 10th Starlink mission, part of an effort to provide low-cost internet access, was originally scheduled for June 26 from Cape Canaveral in Florida but was scr...
Tags: Business, Spacex, Elon Musk, Florida, News, California, Sport, Earth, Soccer, Cape Canaveral, Atlantic Ocean, Hawthorne, Spaceflight Industries, StarLink, Top Stories LADN, Top Stories Breeze


The CEO of Lucid Motors reveals the most important lesson he learned from Elon Musk when he worked for him at Tesla

Lucid Motors CEO Peter Rawlinson worked for Tesla CEO Elon Musk from 2009 to 2012. Rawlinson said the biggest lesson he learned from Musk is the importance of relentless optimism. "Sometimes you have to put all your chips in," Rawlinson said. Are you a current or former Lucid employee? Do you have an opinion about what it's like to work there? Contact this reporter at [email protected], on Signal at 646-768-4712, or via his encrypted email address [email protected] Visit Bu...
Tags: Elon Musk, Trends, Tesla, Air, Musk, Lucid, Ford Focus, Tesla CEO Elon Musk, Nikola, Rawlinson, Lucid Motors, Peter Rawlinson, Tesla Rivian, Nikola Two hydrogen, Lucid Motors Rawlinson, Musk Rawlinson


Elon Musk is now officially richer than Warren Buffett after Tesla's stock hits an all-time high (TSLA, BRKA)

Elon Musk is officially more wealthy than Warren Buffett. Tesla stock, of which Musk is the largest holder, skyrocketed to record highs this week. Buffett, meanwhile, donated almost $3 billion of Berkshire Hathaway stock, causing his riches to shrink.  Visit Business Insider's homepage for more stories. Elon Musk's wealth officially surpassed that of Warren Buffett on Friday, according to Bloomberg's Billionaire's Index, fueled by Tesla's skyrocketing stock price and a hefty donation by the O...
Tags: Elon Musk, US, Trends, Tesla, Bloomberg, Berkshire Hathaway, Omaha, Warren Buffett, Musk, Buffett, Joe Rogan, Warren Buffett Tesla


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Sony is making a $250 million "strategic investment" in Epic Games, the company behind "Fortnite," the two announced on Thursday. That $250 million buys Sony a 1.4% stake in Epic Games, which puts Epic's current valuation at just shy of $18 billion. Apple began rolling out the public beta of iOS 14, its next major software update for the iPhone, on Thursday. The update brings a bunch of new features to the iPhone that touch near...
Tags: Facebook, Mark Zuckerberg, Elon Musk, UK, Australia, US, Trends, Siri, Fbi, Epic, New York Times, Sony, Silicon Valley, Associated Press, Jack Dorsey, Robinhood


Twitter billionaire Jack Dorsey just announced he will be funding a universal basic income experiment that could affect up to 7 million people

On Thursday, Jack Dorsey, the billionaire CEO of Twitter, announced he is working with 14 American mayors to fund universal basic income (UBI) trials in their cities. The pilot programs will be run city by city and have not yet launched. Former presidential candidate Andrew Yang helped bring the idea of universal basic income into the mainstream and is funding his own UBI pilot program. Proponents say guaranteed incomes could help close America's growing wealth gap, while others say they could...
Tags: Mark Zuckerberg, Twitter, Elon Musk, America, Los Angeles, Trends, Atlanta, Manhattan, Silicon Valley, Jack Dorsey, Martin Luther King Jr, Hamilton, Dorsey, Yang, Lin Manuel Miranda, Newark New Jersey


SpaceX reschedules satellite launch for Saturday

HAWTHORNE — Hawthorne-based SpaceX will try again Saturday to launch its twice-delayed mission to deploy nearly 60 satellites into orbit. The launch of the Starlink satellites was originally scheduled for June 26 from Cape Canaveral in Florida but was scrubbed at the last minute to allow for more pre-flight equipment checks. SpaceX tried again Wednesday morning, but that launch had to be canceled due to bad weather. The company announced Thursday that the launch has now been rescheduled for 7:54...
Tags: Business, Spacex, Elon Musk, Florida, News, California, California News, Sport, Earth, Soccer, Cape Canaveral, Atlantic Ocean, Hawthorne, Spaceflight Industries, StarLink, Top Stories LADN


Electric pickups are on the way, promising everything from bulletproofing to drinking fountains. Here are some of the wildest features to expect from Tesla, Rivian, and others.

Electric pickup trucks are expected to flood the car market over the next couple of years, and many of them promise to pack cool and useful features.  Tesla claims its Cybertruck will be bulletproof, Rivian has showed off an innovative "gear tunnel" cargo area in its R1T, and Nikola Motors says its Badger will have a drinking fountain.  Buyers of the Bollinger B2 will be able to remove doors and windows, and carry cargo that's up to 16 feet long.  Visit Business Insider's homepage for more st...
Tags: Elon Musk, Trends, Tesla, Ford, Musk, Motor Authority, Ford General Motors, Badger, Bollinger, Nikola, Trevor Milton, Nikola Motors, Rivian, Cybertruck, Lordstown Endurance, Nikola Badger


Elon Musk predicts Teslas will be fully autonomous this year — 4 years after the company started selling 'full self driving' software (TSLA)

Elon Musk said Tesla's long-promised "full self-driving" capabilities will actually come true this year. The CEO made the prediction in a recorded video message played at a conference in China. "I remain confident that we will have the basic functionality for level five autonomy complete this year," Musk said, according to Bloomberg. In 2016, Musk said a Tesla would soon drive itself across the US, which still hasn't happened. Visit Business Insider's homepage for more stories. Tesla vehicles...
Tags: Elon Musk, China, Massachusetts, US, Trends, Tesla, Bloomberg, Shanghai, Ufc, Musk, Bloomberg News, Teslas, Swayze Valentine, Reuters Musk


Elon Musk predicts Tesla will complete the 'basic functionality' needed for fully autonomous driving this year — 4 years after the company started selling 'full self driving' software (TSLA)

Elon Musk said Tesla's long-promised "full self-driving" capabilities may actually come true this year. The CEO made the prediction in a recorded video message played at a conference in China. "I remain confident that we will have the basic functionality for level five autonomy complete this year," Musk said, according to Bloomberg. In 2016, Musk said a Tesla would soon drive itself across the US, which still hasn't happened. Visit Business Insider's homepage for more stories. Tesla vehicles...
Tags: Elon Musk, China, Massachusetts, US, Trends, Tesla, Bloomberg, Shanghai, Musk


Elon Musk brags Tesla has ‘figured out’ Level 5 autonomous driving — it hasn’t

In a pre-recorded message to attendees of World AI Conference in Shanghai, Tesla’s flamboyant CEO Elon Musk bragged that the company has pretty much figured out self-driving. The company is “very close” to having a fully autonomous, no-driver required vehicle. According to a Bloomberg report, Musk claimed that the company has resolved many of the fundamental challenges associated with building a Level 5 self-driving vehicle: I’m confident that we will have the basic functionality of L5 autonomou...
Tags: Startups, Electric Vehicle, Elon Musk, Cars, US, Tesla, Bloomberg, Ford, Self-driving, Musk, Shift, Shanghai Tesla


NVIDIA takes the US chipmaker crown from Intel — a first since 2014

NVIDIA overtook seminal computing giant Intel to become the largest chipmaker in the US by market cap on Wednesday, a first for the Santa Clara firm. NVIDIA opened yesterday’s trade with a market cap of $242.8 billion — just $4 billion short of its rival Intel. [Read: Watch Tesla’s meteoric rise — set to techno-remixed Elon Musk tweets] Both companies would go on to close the day in the green; NVIDIA‘s 3.5% jump added $8.5 billion to its market value, while Intel’s grew by just $1.5 billion. Thi...
Tags: Startups, Elon Musk, US, Tesla, Intel, Nvidia, Santa Clara, Hard Fork, Plugged


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. Facebook removed disinformation accounts it says were linked to Roger Stone, the longtime friend of President Trump. The accounts involved posted about "candidates in the 2016 primaries and general election, and the Roger Stone trial," Facebook said.  President Trump has said he's considering banning TikTok to punish China over the coronavirus. Trump implied a ban on TikTok would be a way of punishing China for the coronavirus...
Tags: Apple, Google, Amazon, Facebook, Europe, Elon Musk, Microsoft, China, US, Trends, Department Of Defense, Tesla, Eu, Kanye West, Ireland, Wuhan


Elon Musk’s Boring Company plans ‘Not-a-Boring’ boring contest

It wants machines that can bore a tunnel more quickly than a snail
Tags: Elon Musk, News, Trends, Boring Company, Elon Musk 's Boring Company, Boring Competition


A top industry executive says there are 3 major players in autonomous vehicles, and Waymo, the most talked-about company in the business, isn't one of them (APTV)

An autonomous-vehicle company needs a talented software team, a lot of money, and close ties to a car company to become a major player in the industry, according to Karl Iagnemma, the CEO of Hyundai and Aptiv's autonomous-vehicle joint venture. Aptiv, Cruise, and Argo AI are the only companies that have all three, he said. Aprtiv and Hyundai plan to have an automated-driving platform available to ride-sharing services, fleet operators, and automakers by 2022 while also building their own self-...
Tags: Google, Amazon, Elon Musk, Trends, General Motors, Tesla, Ford, Panasonic, Las Vegas, Volkswagen, Hyundai, Cto, Karl Iagnemma, Waymo, Argo AI, Zoox


Elon Musk's Boring Company is hosting a competition to see who can dig tunnels faster than a snail

Elon Musk's Boring Company plans to host a tunneling competition in 2021.  Participants will race to build a miniature tunnel the fastest and the most accurately.  The billionaire has yet to build any public transit with his tunneling venture, but is close to completing a smaller project at the Las Vegas convention center. Visit Business Insider's homepage for more stories. Elon Musk is hell bent on finding a way to dig tunnels cheaper and more quickly in order to avoid his least favorite thi...
Tags: Elon Musk, California, US, Trends, Tesla, Chicago, Las Vegas, Los Angeles Dodgers, Hyperloop, Musk, Boring Company, Elon Musk s Boring Company, Elon Musk s Las Vegas


Panasonic's CEO says Elon Musk is a genius — but can be be 'overly optimistic' (TSLA)

Panasonic's CEO has a warning for aspiring entrepreneurs: don't emulate Elon Musk.  Kazuhiro Tsuga told a room of young people that the Tesla leader is a "genius," but that he can sometimes be "overly optimistic." Panasonic and Tesla produce batteries in Nevada for electric vehicles, but the two companies' relationship on solar roofs has been strained this year.  Visit Business Insider's homepage for more stories. Tesla's Chief Executive Officer Elon Musk is "a genius who defies common sense ...
Tags: Elon Musk, Trends, Tesla, Panasonic, Nevada, Musk, Reuters, Buffalo New York, Tsuga, Elon Musk Kazuhiro Tsuga


Kanye West claims he and Elon Musk have talked about presidential bid for years

Musk is reportedly one of West's advisers
Tags: Elon Musk, News, Trends, Kanye West, 2020 Election


SpaceX aims for morning launch of 59 satellites — watch the 8:50 a.m. liftoff live

HAWTHORNE — Hawthorne-based SpaceX will try again Wednesday to launch 57 internet satellites into orbit from Cape Canaveral in Florida as it continues its quest to build a worldwide broadband network. The launch of the Starlink satellites, along with a pair of Earth-observation satellites operated by a separate company, was originally planned for June 26, but it was scrubbed to allow more time for additional “pre-launch checkouts.” Wednesday’s launch is scheduled for 8:50 a.m. California time. ...
Tags: Business, Spacex, Elon Musk, Florida, News, California, California News, Sport, Earth, Soccer, Cape Canaveral, Atlantic Ocean, Hawthorne, Spaceflight Industries, StarLink, Top Stories LADN


Kanye West said Elon Musk is advising him on his 2020 presidential bid and they've been talking about it for years

Kanye West announced on July 4 he wants to run for president. In an interview with Forbes published Wednesday, West said he is being advised by Tesla CEO and tech billionaire Elon Musk. That seems to be backed up by recent remarks. On Twitter, Musk commented on West's July 4 announcement: "You have my full support!"  The two also appeared together in a photo published by West on July 1. Visit Business Insider's homepage for more stories. Musician Kanye West says he's running for president, a...
Tags: Elon Musk, US, Trends, Tesla, Kanye West, West, Grimes, Musk, Forbes, Kim Kardashian West, Trump, Birthday Party, Leslie Odom Jr, Twitter Musk, Andrew Yang, Forbes West


Tesla is transforming how cars are sold. But 27 insiders say the company's methods mean slashed pay and living in constant fear of getting laid off. (TSLA)

Business Insider spoke with 27 current and former Tesla sales employees about the changes the company has made to their jobs and the way it sells cars. Some said they were frustrated by compensation changes that have cut their overall pay and disappointed in their store's response to the coronavirus. Others complimented Tesla's efforts to make the car-buying process more customer-friendly. Are you a current or former Tesla employee? Do you have an opinion about what it's like to work there? Co...
Tags: Elon Musk, Wtf, US, Trends, Tesla, Ford, TSLA, Lincoln, West Coast, East Coast, Cnbc, Musk, Midwest, Gene Munster, Bechtel, Fremont California


Elon Musk and other competitors rushed to support Rocket Lab after the startup's founder apologized for losing 7 satellites in a launch failure

Rocket Lab, a private spaceflight firm in New Zealand, failed to deliver seven satellites to orbit following a launch on Saturday. Company founder and CEO Peter Beck publicly apologized on Twitter to his customers for the loss of the space mission. Following his mea culpas, Beck and Rocket Lab saw a rush of support from SpaceX's Elon Musk and other spaceflight-industry figureheads. "Sorry to hear about this. Hope you get back to orbit soon. Rockets are hard," Musk tweeted in response to a vide...
Tags: Apple, Google, Spacex, Elon Musk, Youtube, Virginia, Beck, Trends, Nasa, Earth, New Zealand, United Launch Alliance, Musk, Reuters, Dan, Electron


Study tests whether AI can convincingly answer existential questions

A new study has explored whether AI can provide more attractive answers to humanity’s most profound questions than history’s most influential thinkers. Researchers from the University of New South Wales first fed a series of moral questions to Salesforce’s CTRL system, a text generator trained on millions of documents and websites, including all of Wikipedia. They added its responses to a collection of reflections from the likes of Plato, Jesus Christ, and, err, Elon Musk. The team then asked mo...
Tags: Startups, Elon Musk, Wikipedia, Artificial Intelligence, Salesforce, University of New South Wales, CTRL, Neural, Plato Jesus Christ



Filters
show more filters
May - 2020
MoTuWeThFrSaSu
    123
45678910
11121314151617
18192021222324
25262728293031
June - 2020
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
2930     
July - 2020
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20212223242526
2728293031