Posts filtered by tags: Tesla CEO Elon Musk[x]


 

How billionaires like Jeff Bezos and Elon Musk avoid paying federal income tax while increasing their net worth by billions

Amazon cofounder and CEO Jeff Bezos. Jon Cherry/Getty Images; Chip Somodevilla/Getty Images Amazon CEO Jeff Bezos didn't pay any income taxes for at least two years between 2006 and 2018, ProPublica reported. Tesla CEO Elon Musk also skipped paying federal income taxes in 2018, according to the report. Billionaires are able to circumvent federal income taxes through legal financial manipulation. Visit the Business section of Insider for more stories. In 2007, and again in 2011, billion...
Tags: Amazon, Elon Musk, Trends, Tesla, Jeff Bezos, Forbes, Bezos, Internal Revenue Service, Tesla CEO Elon Musk, Ben Gilbert, Amazon Bezos, Chip Somodevilla Getty Images Amazon, Jeff Bezos Jon Cherry Getty, Jason Redmond Reuters Bezos


US authorities are investigating the 'illegal' leak of billionaires' tax information, including data on Jeff Bezos, Elon Musk, and Warren Buffett

ProPublica revealed tax return information on Jeff Bezos, Bill Gates, and Elon Musk. Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images The US government is investigating how tax information on the richest Americans went public. ProPublica reported on the income and tax payments of Jeff Bezos, Elon Musk, and other billionaires. The White House described the leaking of tax information as "illegal." See more stories on Insider's business page. The US government is investig...
Tags: Amazon, Facebook, Mark Zuckerberg, White House, US, Trends, Joe Biden, Bill Gates, Treasury, Berkshire Hathaway, Warren Buffett, Jeff Bezos, Biden, Irs, Musk, Buffett


Warren Buffett defends himself after ProPublica says he avoids taxes and pegs his 'true tax rate' at 0.1%

Warren Buffett Alex Wong / Getty Images Warren Buffett's "true tax rate" is 0.1%, ProPublica reported this week. The investor pays minimal tax by holding Berkshire Hathaway stock and not paying a dividend. Buffett pointed out that shareholders don't want a dividend and he's giving his fortune away. See more stories on Insider's business page. Warren Buffett's real income-tax rate is 0.1%, and he minimizes his personal tax bill by keeping his fortune in Berkshire Hathawa...
Tags: Amazon, US, Trends, Berkshire Hathaway, Warren Buffett, Jeff Bezos, Berkshire, Buffett, Tesla CEO Elon Musk, Berkshire CEO, Theron Mohamed


Jeff Bezos is launching to space on July 20, 15 days after he exits his role as Amazon CEO

SAUL LOEB/AFP via Getty Images Jeff Bezos said in late May that he will officially step down as Amazon CEO on July 5. That's 15 days before he and his brother will fly into space on a Blue Origin spacecraft. Andy Jassy will have already replaced Bezos as Amazon CEO by the time he goes to space. See more stories on Insider's business page. Jeff Bezos announced Monday that he's flying into space on July 20 with his brother Mark in what will be his company, Blue Origin's, fir...
Tags: Amazon, Transportation, Space, News, Trends, Getty Images, Space Travel, Jeff Bezos, Amazon Web Services, Blue Origin, Mark, Bezos, Alan Shepard, Andy Jassy, Tesla CEO Elon Musk, Saul Loeb


Elon Musk says Tesla is cancelling its Model S Plaid Plus

Elon Musk. Britta Pedersen-Pool/Getty Images Elon Musk tweeted Tesla is canceling its planned Model S Plaid Plus vehicle. He said this is because the regular Model S Plaid is "just so good." The Model S Plaid starts shipping this week after a small delay. See more stories on Insider's business page. Tesla CEO Elon Musk announced Sunday that the company won't be bringing out a premium version of its new Model S Plaid car, the Plaid Plus."Plaid+ is canceled. No need, as Plaid is just...
Tags: Transportation, Elon Musk, News, Cars, Trends, Tesla, Plaid, Model S, Musk, Ev, Tesla CEO Elon Musk, Tech Insider, Isobel Asher Hamilton


Anonymous Targets Elon Musk for Destroying Crypto Holders' Lives, Trying to Control Bitcoin

Decentralized group Anonymous has published a message for Tesla CEO Elon Musk in a video where they called Musk "nothing more than...
Tags: Tesla CEO Elon Musk


Tesla's global market share fell to its lowest level in over 2 years as electric car competition heats up

Tesla CEO Elon Musk. Brendan McDermid/Reuters Tesla's market share of the global electric-car market fell to 11% in April. The electric-car company's lead in the US is also narrowing, as Ford and GM build their own EVs. Tesla's stock fell to its lowest level in three weeks following the news. See more stories on Insider's business page. Tesla's grip on the electric-car market is slipping.In April, the carmaker's global market share fell to its lowest level since Jan...
Tags: Transportation, Europe, Elon Musk, News, China, Cars, US, Trends, General Motors, Tesla, Joe Biden, Ford, Levy, Credit Suisse, Gm, Volkswagen


Tesla CEO Elon Musk says the auto chip shortage is like the toilet paper frenzy last year, only worse

Elon Musk has been a key driver of the cryptocurrency boom. Susan Walsh/AP Tesla CEO Elon Musk compared the chip shortage to the toilet paper buying frenzy in 2020. He said the supply snags have caused companies to "overorder" semiconductor chips. Tesla is reportedly in talks to stock up on the chips by buying in bulk ahead of time. See more stories on Insider's business page. Tesla CEO Elon Musk said the biggest issue the electric carmaker is facing is ongoing supply chain issues.He p...
Tags: Transportation, Twitter, Elon Musk, News, California, Cars, Trends, Tesla, Economy, Electric Car, Financial Times, Musk, Clorox, Tesla CEO Elon Musk, AlixPartners, Susan Walsh


You were supposed to be watching him. Letters from SEC claim Tesla breached deal to police Elon Musk's tweets

2020 missives from American securities regulator to car firm revealed The SEC has repeatedly found itself frustrated by the bombastic tweets of Tesla CEO Elon Musk. And letters from the regulator have revealed that two of Musk’s postings were in breach of a previous settlement.…
Tags: Elon Musk, Tesla, Software, SEC, Musk, Tesla CEO Elon Musk


Tesla will now monitor drivers via in-car cameras to make sure they're paying attention when Autopilot is on

Tesla CEO Elon Musk. Christophe Gateau: picture alliance via Getty Images Tesla cars will now monitor drivers who use Autopilot via in-car cameras. The cameras, above the rearview mirror, will check that drivers are paying attention while using Autopilot. Previously, Tesla used sensors in the steering wheel to check drivers were paying attention. See more stories on Insider's business page. Tesla cars will now monitor drivers who use Autopilot through in-car cameras, TechCrunch repo...
Tags: Transportation, Elon Musk, News, Trends, Tesla, Sensors, Radar, Model S, Model X, Model 3, Autopilot, Nhtsa, Reuters, Tesla CEO Elon Musk, Model Y, Getty Images Tesla


Tesla is reportedly in talks to pay for computer chips ahead of time to combat an industry-wide shortage that Elon Musk has said caused 'insane difficulties'

Elon Musk NurPhoto/Contributor/Getty Images Tesla is in talks to pay in advance for computer chips, according to a report from Financial Times. The company is also reportedly mulling the purchase of its own semiconductor plant. Last month, Tesla CEO Elon Musk said the global chip shortage has caused "insane difficulties." See more stories on Insider's business page. Tesla is in talks to pay upfront for supplies of computer chips, the Financial Times reported on Wednesday.The step would...
Tags: Transportation, Elon Musk, News, Cars, Samsung, Trends, Tesla, Bloomberg, Intel, Ford, Deloitte, Nevada, Whirlpool, Financial Times, Musk, Tesla CEO Elon Musk


Tesla is reportedly testing lidar sensors, which Elon Musk dismissed as 'expensive' and 'unnecessary'

Tesla CEO Elon Musk. Chris Saucedo/Getty Images for SXSW Tesla bought lidar sensors from Luminar for testing, Bloomberg reported Monday. Elon Musk has called lidar technology "expensive," "unnecessary," and a "fool's errand." Musk says he'll develop self-driving tech that relies mainly on cameras instead. See more stories on Insider's business page. Tesla CEO Elon Musk has repeatedly derided the use of lidar sensors for autonomous vehicles. Now his carmaker is reportedly test...
Tags: Elon Musk, California, Trends, Tesla, Bloomberg, Musk, Bloomberg News, Tesla CEO Elon Musk, LUMINAR, Waymo, Luminar Technologies, SXSW Tesla, Tim Levin, Elon Musk Chris Saucedo Getty, Shares of Luminar, Bloomberg Photos


As Tesla Solar Roof customers file another lawsuit, California is set to decide whether to combine them into a single class-action complaint

Tesla CEO Elon Musk in Germany this week. Michele Tantussi/Reuters A new lawsuit filed in California against Tesla sought class-action status for Solar Roof customers. It marked the second filing in California, following another filing in Pennsylvania. A California judge is set to decide whether to combine the two in-state lawsuits. See more stories on Insider's business page. A California judge will decide whether two complaints filed against Tesla will be combined into a single laws...
Tags: Elon Musk, Legal, California, Germany, US, Trends, Tesla, Pennsylvania, Kim, US District Court, Northern District of California, Fitzpatrick, Brian Fitzpatrick, Vivek, Tesla CEO Elon Musk, Lucy H Koh


Why gold is a better investment than bitcoin despite the cryptocurrency's recent dominance, according to SocGen

Tomohiro Ohsumi/David Gray/Getty Images Bitcoin's place in investment portfolios is still "highly contested" even after outperforming gold in recent months, says Societe Generale. The cryptocurrency faces multiple risks including regulatory threats and "confusing" messaging from bitcoin backer Tesla. SocGen has assigned gold a 5% weighting in its multi-asset portfolio. See more stories on Insider's business page. Societe Generale has concerns about bitcoin's presence in inv...
Tags: Elon Musk, China, Trends, Gold, Markets, Tesla, Bitcoin, Inflation, Crypto, US Treasury, Federal Reserve, Bonds, Irs, Cryptocurrency, Fed, Central Banks


Elon Musk congratulates Ford on the debut of their new electric F-150 Lightning pickup truck

Elon Musk. Britta Pedersen-Pool/Getty Images Ford released their new F-150 Lightning electric pickup truck on Monday. The truck is a competitor to the Tesla Cybertruck which debuted in November 2019. Tesla CEO Elon Musk congratulated Ford CEO Jim Farley after the company hit 44,500 preorders. See more stories on Insider's business page. Tesla CEO Elon Musk congratulated competitor Ford's CEO Jim Farley after they hit 44,500 reservations on their new electric truck in less than tw...
Tags: Elon Musk, News, Trends, Tesla, Joe Biden, Ford, Biden, Musk, Tesla CEO Elon Musk, Dearborn Michigan, Jim Farley, Sarah Al Arshani, Elon Musk Britta Pedersen Pool Getty Images Ford


Tesla cars are reportedly banned from parking at some Chinese government offices over security concerns

Tesla CEO Elon Musk. Hannibal Hanschke Pool / Getty Images Staff at Chinese government offices were told to not park Tesla cars at work, sources told Reuters. Cameras in Tesla's cars help drivers park, but have left some Chinese officials with security concerns. Tesla faces a potential regulatory clampdown from Chinese authorities. See more stories on Insider's business page. Some Chinese government employees have been told not to park their Tesla cars inside government compounds...
Tags: Transportation, Elon Musk, News, China, Trends, Tesla, Beijing, Shanghai, Reuters, Tesla CEO Elon Musk, Reuters Cameras, Anna Cooban, China s State Council Information Office


Ghosted by Tesla: Customers say Tesla's ultrasleek, expensive Solar Roofs and panels come with nightmare customer service, often leaving them with unanswered calls and emails for months on end

Tesla Energy customers told Insider about the Kafkaesque interactions they've had with the company's customer-service department. Tesla; Paul Hennessy/NurPhoto via Getty Images; Samantha Lee/Insider Tesla Energy charges customers tens of thousands of dollars for solar roofs. Recently Tesla Energy jacked up prices on individual contracts, which shot up by as much as $75,000. Insider spoke with 14 Tesla Energy Solar Roof and solar panel customers, many of whom say they have been ghos...
Tags: Energy, Elon Musk, News, Maryland, California, Trends, Customer Service, Tesla, Getty Images, Pennsylvania, New Jersey, Arizona, Solar Energy, Harry, Google Maps, Solarcity


Cathie Wood reiterates $500,000 long-term bitcoin price target amid deep crypto sell-off

ARK Invest Cathie Wood's Ark Invest reiterated its view that bitcoin will climb to $500,000 over the long term.Wood spoke with Bloomberg on Wednesday with a bullish outlook for the cryptocurrency, even amid a sharp decline in the space."We go through soul searching times like this and scrape the models, and yes, our conviction [on bitcoin] is as high," Wood saidSign up here for our daily newsletter, 10 Things Before the Opening Bell.A 33% decline in bitcoin over the past two days hasn&...
Tags: Finance, Trends, Markets, Bloomberg, Bitcoin, Crypto, Trading, Cryptocurrencies, Wood, Tesla CEO Elon Musk, Matthew Fox, Bitcoin Price, Cathie Wood, ARK Invest, Cathie Wood Bitcoin, MI Exclusive


Bitcoin falls 7% after China reportedly bans banks from cryptocurrency business

Cesc Maymo/Getty Images Bitcoin's recovery from Monday's sell-off lost steam on Tuesday after Reuters reported that China banned financial companies from the cryptocurrency business.A statement from China regulators said virtual currencies "are not supported by real value," the report said.China has not restricted individuals from holding cryptocurrencies, but did warn about their speculative nature.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin fe...
Tags: Finance, China, US, Trends, Markets, Paypal, Bitcoin, Crypto, Trading, Stock Market, Cryptocurrencies, Musk, Reuters, Tesla CEO Elon Musk, Scott Melker, Matthew Fox


Bitcoin rally loses steam after China reportedly bans banks from cryptocurrency business

Cesc Maymo/Getty Images Bitcoin's recovery from Monday's sell-off lost steam on Tuesday after Reuters reported that China banned financial companies from the cryptocurrency business.A statement from China regulators said virtual currencies "are not supported by real value," the report said.China has not restricted individuals from holding cryptocurrencies, but did warn about their speculative nature.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin fe...
Tags: Finance, China, US, Trends, Markets, Paypal, Bitcoin, Crypto, Trading, Stock Market, Cryptocurrencies, Musk, Reuters, Tesla CEO Elon Musk, Scott Melker, Matthew Fox


A Tesla running on Autopilot smashed into a deputy's patrol vehicle in Washington state, police say, causing 'significant damage'

Tesla CEO Elon Musk versus the deputy's patrol vehicle damaged by the Tesla on Autopilot Snohomish County Sheriff's Office / FREDERIC J. BROWN/AFP via Getty Images A Tesla collided with a Washington state deputy's patrol car on Saturday. Police say the Tesla Model S was operating under Autopilot, Tesla's driver-assist software. No one was hurt, but there was "significant damage" to the deputy's car, the Snohomish County sheriff's office said. See more stories on Ins...
Tags: Facebook, Nbc, Washington, Trends, Tesla, Snohomish County, Washington State Patrol, Tesla CEO Elon Musk, Northeast Seattle, Snohomish County Sheriff s Office, Frederic J Brown, Kate Duffy, Getty Images A Tesla, Autopilot Snohomish County Sheriff s Office, Tesla Model S Insider, Snohomish County Sheriff s Office Tesla


Coinbase stumbles to its lowest price since going public as the crypto market sells off

Shannon Stapleton/Reuters Coinbase shares on Monday hit their lowest level since making their public trading debut in April. The stock fell as much as 8% on Monday as a sell-off in bitcoin led to weakness across assorted cryptocurrencies. See more stories on Insider's business page. Coinbase shares on Monday fell to their lowest price since the cryptocurrency exchange began trading last month, under pressure as bitcoin and other cryptocurrencies heavily sold off. Risk aversion appear...
Tags: Elon Musk, Trends, Markets, Tesla, Cryptocurrencies, Ethereum, Coinbase, Musk, Tesla CEO Elon Musk, Dogecoin, Carla Mozee, CoinMarketCap Coinbase, Cardano ADA, MI Exclusive, Ether Price, COIN stock price


The crypto market has lost 23% of its value in just the last 5 days

Getty Images AsiaPac The market capitalization of global cryptocurrencies has dropped by 23% in just the last five days, according to data on CoinMarketCap. The Bitcoin has fallen roughly 35% since hitting all-time high in mid-April as comments. Tesla CEO Elon Musk has been responsible for recent swings in the cryptocurrency as he laments the amount of energy used to mine. See more stories on Insider's business page. The value of the cryptocurrency market has slid by 23% in just the l...
Tags: Elon Musk, US, Trends, Markets, Tesla, Bitcoin, Cryptocurrencies, Ethereum, Btc, Musk, Digital Currencies, Moya, Tesla CEO Elon Musk, Solana, Coinmarketcap, Dogecoin


The Station: Exits at Waymo and Bird’s SPAC reveals its scooter-nomics

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Here’s a crypto-meets-transportation story for you before we move onto the rest of the news. Just weeks after Tesla CEO Elon Musk and CFO Zach Kirkhorn said they believe in the lo...
Tags: Amazon, Transportation, Europe, Japan, Texas, Milan, Congress, Indonesia, Australia, California, Washington, La, China, Massachusetts, Singapore, India


A 33-year-old Dogecoin millionaire says he has no plans to cash in his seven-figure stake - and expects the cryptocurrency to keep soaring

Dogecoin's image is centered on a talking Shiba Inu named Doge. Barcroft Media/Getty Glauber Contessoto of Los Angeles poured his life savings into Dogecoin, according to a profile of the meme currency investor in The New York Times. The value of his holdings in the cryptocurrency eventually grew to roughly $2 million. Contessoto told the Times he expects Dogecoin's price to keep moving higher and he plans to keep a tight grip on his holdings. See more stories on Insider's b...
Tags: Los Angeles, Trends, Investing, Markets, Tesla, New York Times, Crypto, Toyota, Times, Doge, Cryptocurrencies, Robinhood, Gamestop, Musk, Tesla CEO Elon Musk, Dogecoin


Elon Musk says he's working with Dogecoin developers to make the cryptocurrency more efficient

Yuriko Nakao/Getty Images; Britta Pedersen-Pool/Getty Images; Samantha Lee/Insider On Wednesday, Tesla stopped accepting bitcoin as payment for its electric cars. The next day Tesla CEO Elon Musk said he was working to make dogecoin more sustainable. Dogecoin uses less energy than bitcoin and has long been a Musk favorite. See more stories on Insider's business page. The day after announcing Tesla would no longer accept bitcoin as payment for its cars, Tesla CEO Elon Musk seemed to su...
Tags: Elon Musk, News, China, Trends, Markets, Tesla, Bitcoin, Cryptocurrencies, Musk, Tesla CEO Elon Musk, Dogecoin, Tech Insider, Samantha Lee, Yuriko Nakao Getty, Grace Kay, Britta Pedersen Pool Getty Images


Cryptocurrency prices drop after Tesla says it will stop accepting Bitcoin

Cryptocurrency prices fell Thursday after Tesla CEO Elon Musk said the automaker will stop accepting Bitcoin as a form of payment.       [Author: USA TODAY]
Tags: Usa, News, Tesla, Bitcoin, Usa Today, Tesla CEO Elon Musk


Cryptocurrency market tanks after Tesla suspends bitcoin transactions

The global cryptocurrency market lost hundreds of billions of dollars in value after Tesla CEO Elon Musk said his company was suspending...
Tags: Tesla, Tesla CEO Elon Musk


As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin

Tesla CEO Elon Musk said Tesla would suspend car purchases using bitcoin, wiping off billions of dollars of value from the cryptocurrency market.
Tags: Tesla, Tesla CEO Elon Musk


Dow plummets 472 points on inflation fears as tech stocks whipsaw

Drew Angerer/Getty Images Inflation fears drove a choppy trading session in stocks on Tuesday as the Dow Jones plummeted more nearly 500 points.The tech-heavy Nasdaq 100 started the day down by more than 2% before it briefly reversed all losses and turned green.Fueling a surge in inflation expectations has been the actual surge in commodities like lumber, oil, and copper.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Stocks were volatile on Tuesday as fears of ris...
Tags: US, Trends, Markets, Tesla, Virgin Galactic, Nasdaq, Dow Jones, S&P 500, Dow Jones Industrial Average, Tesla CEO Elon Musk, Matthew Fox, Roblox, Cathie Wood, Stock Market News, Nasdaq 100, Stock market news today