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On this episode of the Elon, Inc. podcast,we discuss Tesla's biggest layoffs to date and why Elon Musk's rationale may be more than just about cost reduction ... Show more

The Most Important Earnings of Elon's Life? - Elon, Inc. - Omny.fm
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Tesla profits have plummeted. Elon Musk remains all-in on robotaxis: Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk ...
npr.org/2024/04/23/1246643864/tesla-earnings-elon-musk-robotaxi
Tesla profits have plummeted. Elon Musk remains all-in on robotaxis
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
  • Tesla lowers prices in Germany to increase inventory and sales.

  • Elon Musk addresses price complaints and emphasizes the need for flexible pricing.

  • Buyers of Tesla vehicles during expensive phases may face depreciation.

  • Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
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Elon Musk Is Once Again Richer Than Mark Zuckerberg as Meta Shares Plunge: Mark Zuckerberg’s fortune plunged $20 billion as shares of Meta Platforms Inc. tumbled ...
bloomberg.com/news/articles/2024-04-25/musk-is-once-again-richer-than-zuckerberg-as-fortunes-reverse
Elon Musk Is Once Again Richer Than Mark Zuckerberg as Meta Shares Plunge
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
  • Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.

  • Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.

  • Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.

  • Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
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Is Elon Musk's robotaxi dream plunging Tesla into chaos and jeopardizing its vision of a cheap EV? @EdLudlow reports Tesla (TSLA) Cybertruck Recall Is Latest Setback to Stock’s Rough 2024 - Bloomberg
Quick Glance: Tesla Cybertruck Recall and Stock Decline 2024
  • Elon Musk's underlings at Tesla Inc. are accustomed to chaos, but this year has been particularly turbulent. The stock price has plummeted, there has been confusion around product decisions and price cuts. Tesla's position in the Chinese EV market is under threat, and a meeting with India's Prime Minister for a planned investment announcement was abruptly called off.

  • Tesla is expected to report a significant drop in operating profit and its first revenue decline in four years. Musk has ordered massive layoffs and is staking the company's future on a self-driving vehicle concept called the robotaxi. Many employees are unsettled by the changes the CEO wants to implement.

  • Musk has been discussing the concept of an autonomous taxi service for at least eight years, but Tesla has not yet built the infrastructure required for it. The focus is now on the robotaxi instead of a cheaper mass-market vehicle that many investors deem crucial. Key managers have left the company, and analysts are concerned about Tesla's strategy.

  • Musk has announced that more than 10% of the workforce will be laid off. Transitioning to the robotaxi service is risky, as regulation at the state and local level can be challenging. Nevertheless, Musk is betting on Tesla making robotaxis a reality by promoting FSD and cutting prices. Some of the Tesla layoffs were poorly organized and perceived as humiliating.
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Tesla’s profits are being sunk by a tide of electric cars: First-quarter profits for Elon Musk’s company have more than halved, with the EV market awash with ...
smh.com.au/business/companies/tesla-s-profits-are-being-sunk-by-a-tide-of-electric-cars-20240424-p5fm6k.html
Tesla’s profits are being sunk by a tide of electric cars
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Elon Musk Reveals His Tactics for Building Successful Companies, Including Sleeping Under His Desk and 'Working Every Waking Hour'
entrepreneur.com/business-news/elon-musk-defines-ultra-hard-work-while-building-a-company/473323
Elon Musk Reveals His Tactics for Building Successful Companies ...
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Could Australia ban X (formerly Twitter) or is it untouchable? The worst-case scenario for Elon Musk
abc.net.au/news/2024-04-25/elon-musk-x-versus-australia-on-sydney-church-stabbing-video/103761694
Could Australia ban X (formerly Twitter) or is it untouchable? The ...
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Musk targets Australian senator and gun laws in deepening dispute over violent video
nbcnews.com/news/world/elon-musk-targets-australian-senator-gun-laws-bishop-stabbed-rcna149105
Musk targets Australian senator and gun laws in deepening dispute over ...
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Mars colony: Elon Musk talks about Mars plans and Starship 2 and 3 - Golem.de: More spaceships and launch options are needed to colonize Mars. Elon Musk even ...
golem.de/news/marskolonie-elon-musk-spricht-ueber-marsplaene-sowie-starship-2-und-3-2404-184583.html
Mars colony: Elon Musk talks about Mars plans and Starship 2 and 3 - Golem ...
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Tesla slashes car and self-driving software prices after chaotic week: Three models are $2,000 cheaper in the US, while the self-driving software now costs $8 ...
businessinsider.com/tesla-slashes-prices-suv-cars-self-driving-software-before-earnings-2024-4
Tesla slashes car and self-driving software prices after chaotic week
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South Korean woman conned out of US$50,000 by fake Elon Musk she fell in love with on Instagram
scmp.com/news/asia/east-asia/article/3260197/south-korean-woman-conned-out-us50000-fake-elon-musk-she-fell-love-instagram
South Korean woman conned out of US$50,000 by fake Elon Musk she fell in ...
Quick Glance: South Korean Woman Falls Victim to $50k Elon Musk Deepfake Scam
  • A South Korean woman was convinced to invest 70 million won ($50,770) after watching a fabricated video portraying someone who looked like Elon Musk, the CEO of Tesla, as reported locally on Tuesday.

  • Jeong Ji-sun, identified by the pseudonym at KBS, disclosed her experience as a victim of a romance scam on KBS's 'In-Depth 60 Minutes.' During the episode on April 19, Jeong narrated her initial interactions with the scammer posing as Musk.

  • Jeong's initial hesitations dissipated swiftly. The scammer forwarded his identification and a workplace photo to Jeong. Moreover, he discussed aspects such as his children and commuting to Tesla or SpaceX via helicopter. He further mentioned his sporadic outreach to fans.

  • The program highlighted the prevalent use of AI in these romance scams. The swindler engaged in a form of deception known as 'pig butchering,' as explained by the producer. This approach involves gradually enticing victims to increase their contributions to an apparently legitimate investment before the perpetrator vanishes.
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Elon Musk hawks Optimus robot in an attempt to resuscitate Tesla: "As I've said before, I think Optimus will be more valuable than everything else combined ...
businessinsider.com/elon-musk-hawks-optimus-robot-in-attempt-to-resuscitate-tesla-2024-4
Elon Musk hawks Optimus robot in an attempt to resuscitate Tesla
Quick Glance: Tesla aims to potentially launch its humanoid robot Optimus next year, Elon Musk suggests
  • Elon Musk hinted at the possibility of Tesla introducing its humanoid robot Optimus to the market next year. The company plans to deploy the robot in its own factory by the year's end.

  • Not long ago, Tesla revealed “Optimus Gen 2”, a new iteration of its humanoid robot designed to assume repetitive human tasks.

  • Tesla's confidence in achieving this stems from its utilization of AI technologies in the self-driving vehicle sector and its proficiency in battery and electric motor innovations. The notion that its vehicles are essentially robots on wheels was posited.

  • Envisioning a future where households incorporate a Tesla Optimus robot that assumes various manufacturing and service roles, the CEO's perspective is clear.
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Elon Musk Accuses Australia Of Censorship After Court Bans Violent Video: Prime Minister Anthony Albanese described Musk as an “arrogant billionaire” who ...
huffpost.com/entry/elon-musk-australia-church-stabbing_n_662783cfe4b096c7bac60c0f
Elon Musk Accuses Australia Of Censorship After Court Bans Violent Video
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Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...
businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4
Tesla needs to fire Elon Musk as CEO if it wants to save itself
Quick Glance: Elon Musk must be removed as CEO to save Tesla
  • Tesla is struggling with declining sales, layoffs, and issues in China.

  • Elon Musk is blamed for the company's state and his departure could save Tesla.

  • Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.
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Elon Musk apologizes to laid off Tesla employees for a major mistake
sacbee.com/news/business/article287862635.html
Elon Musk apologizes to laid off Tesla employees for a major mistake
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Tesla axed its entire marketing team—here’s why that matters: It a reminder of just how little Tesla has invested in its own brand beyond Elon Musk.
fastcompany.com/91113609/tesla-axed-its-entire-marketing-team-heres-why-that-matters
Tesla axed its entire marketing team—here’s why that matters
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Time for Elon Musk's Tesla rescue plan — if he has one: Tesla is expected to report a sharp drop in profit on Tuesday, putting more pressure on Elon Musk to find ...
businessinsider.com/elon-musk-tesla-rescue-plan-price-cuts-electric-cars-earnings-2024-4
Time for Elon Musk's Tesla rescue plan — if he has one
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Elon Musk and Tesla: Is the CEO’s controversial behavior responsible for company’s struggles?
mercurynews.com/2024/04/22/elon-musk-and-tesla-is-the-ceos-controversial-behavior-responsible-for-companys-struggles/
Elon Musk and Tesla: Is the CEO’s controversial behavior responsible for ...
Quick Glance: Elon Musk and Tesla: Influence of CEO's divisive behavior on company's challenges
  • The wealthiest individual globally freely voices his opinions, often sparking debate.

  • Elon Musk, Tesla's CEO, has attacked U.S. election integrity, embraced White-supremacist propaganda, and accused President Joe Biden of treason.

  • Experts suggest that Musk's conduct may deter potential customers, but larger issues impact his company. With growing competition in the electric vehicle market, his polarizing personality could lead to more significant long-term damage.

  • While Musk may be damaging Tesla’s image with some consumers, the primary focus remains on the product and its dependability. Many consumers do not base their purchasing decisions on the political views of the company's leader.
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Elon Musk's Earnings Call Was a Marketing Master Class: On the wild earnings call yesterday. Plus: A new approach to drug discovery.
bloomberg.com/news/newsletters/2024-04-24/elon-musk-s-earnings-call-was-a-marketing-master-class
Elon Musk's Earnings Call Was a Marketing Master Class
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Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...
markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4
Elon Musk finally the 'adult in the room,' Tesla headed for growth: ...
Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush
  • Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.

  • Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.

  • The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.

  • Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.
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Ford tapped the brakes on EVs and bet on hybrids. It's paying off.: Ford announced in its earnings on Wednesday that hybrid sales rose 36% in the first quarter ...
businessinsider.com/ford-pulled-back-on-evs-focused-on-hybrids-paid-off-2024-4
Ford tapped the brakes on EVs and bet on hybrids. It's paying off.
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Federal agency investigates effectiveness of recall of Tesla's Autopilot system
pbs.org/newshour/nation/federal-agency-investigates-effectiveness-of-recall-of-teslas-autopilot-system
Federal agency investigates effectiveness of recall of Tesla's ...
Quick Glance: Investigation of Tesla's Autopilot Recall Effectiveness
  • The National Highway Traffic Safety Administration is investigating Tesla's Autopilot recall after 20 more crashes occurred post-recall.

  • The recall involved over 2 million vehicles and utilized an online software update to enhance driver warnings.

  • Concerns were raised regarding the recall's efficacy as crashes persisted after the fix.

  • The investigation aims to determine why post-recall issues were not addressed and whether they pose a safety risk.
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Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's $56 Billion Pay Package
entrepreneur.com/business-news/tesla-to-shareholders-approve-ceo-musks-record-high-pay/472850
Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's ...
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Elon Musk Tells Investors Cheaper Tesla Electric Cars Should Arrive Ahead of Schedule
entrepreneur.com/business-news/elon-musk-cheaper-tesla-electric-cars-are-ahead-of-schedule/473186
Elon Musk Tells Investors Cheaper Tesla Electric Cars Should Arrive Ahead ...
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Oxford shuts down institute run by Elon Musk-backed philosopher: Nick Bostrom’s Future of Humanity Institute closed this week in what Swedish-born philosopher ...
theguardian.com/technology/2024/apr/19/oxford-future-of-humanity-institute-closes
Oxford shuts down institute run by Elon Musk-backed philosopher
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What's next up for Tesla? More affordable EVs. 🚗🔋🔌
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Tesla CEO Elon Musk told investors that production of new affordable EV models could begin sooner than expected.
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Meta's Threads now has more daily US users than Musk's X: Launched less than a year ago as a rival for Twitter, Threads is continuing to gain ground with users.
businessinsider.com/meta-threads-more-daily-us-users-twitter-elon-musk-x-2024-4
Meta's Threads now has more daily US users than Musk's X
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What happened to Tesla? Weak sales, layoffs and recalls weigh on outlook.: The company is facing its greatest set of challenges since a series of unforced errors ...
washingtonpost.com/technology/2024/04/23/elon-musk-tesla-earnings-outlook/
What happened to Tesla? Weak sales, layoffs and recalls weigh on outlook.
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Can Tesla make an affordable EV?: The electric automaker's stock has fallen as Elon Musk hems and haws about the cost of future models.
bostonglobe.com/2024/04/24/business/tesla-stock-ev-affordable/
Can Tesla make an affordable EV?
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Tesla shares rise on plans to accelerate launch of ‘more affordable’ models: Elon Musk-led electric vehicle maker’s stock jumps after-hours despite reporting a ...
ft.com/content/d8afadd2-9d67-4a4c-b6e8-c7d4dda7521b
Tesla shares rise on plans to accelerate launch of ‘more affordable’ ...
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Tesla Is in Panic Mode. Can Elon Musk Turn the Company Around? : The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges ...
time.com/6970399/tesla-stock-earnings-call-elon-musk/
Tesla Is in Panic Mode. Can Elon Musk Turn the Company Around? 
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Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2 ...
bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell
Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell
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Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b
Tesla Announces Steep Employee Cuts Amid Revenue Drop
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CRIME CRISIS: Elon Musk says robbery in America is "out of control" as he calls out the uptick in illegal activity taking place across the country.
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Asana CEO accuses Tesla of being the next 'Enron': Asana founder Dustin Moskovitz called Tesla the next "Enron" and speculated that people "are going to jail at ...
businessinsider.com/asana-ceo-dustin-moskovitz-tesla-accusations-enron-sec-2024-4
Asana CEO accuses Tesla of being the next 'Enron'
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Tesla Is Not the Next Ford. It’s the Next Con Ed.: Elon Musk’s EV empire is crumbling.
theatlantic.com/technology/archive/2024/04/tesla-cars-batteries-power-company/678168/
Tesla Is Not the Next Ford. It’s the Next Con Ed.
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Tesla asks shareholders to help Elon Musk get paid $56 billion: Tesla's stock has slumped in 2024 amid concerns about middling demand for EVs
axios.com/2024/04/17/elon-musk-pay-package-tesla-delaware-court
Tesla asks shareholders to help Elon Musk get paid $56 billion
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
  • Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.

  • The company asserts that implementing the plan is crucial for Tesla's future growth.

  • Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
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Elon Musk cancels trip to India over 'heavy Tesla obligations': Elon Musk shared the announcement in an X post on Saturday, just three days before Tesla's Q1 ...
businessinsider.com/elon-musk-cancels-trip-to-india-tesla-layoffs-struggles-2024-4
Elon Musk cancels trip to India over 'heavy Tesla obligations'
Quick Glance: Elon Musk postpones India trip due to Tesla issues
  • Elon Musk has delayed his planned trip to India due to Tesla facing challenges.

  • The Tesla CEO was set to travel to India next week to meet with Prime Minister Narendra Modi.

  • While not revealing many specifics about the trip, Musk reportedly intends to announce an investment of $2 to $3 billion in India. He aims to establish a new factory in India, where the electric vehicle market is small but growing.

  • Musk's decision to delay the trip coincides with Tesla's earnings release on April 23, where Musk and investors will address the company's tumultuous start to 2024.
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Tesla’s Most Crucial Metric Drops to the Lowest in Three Years: The metric Tesla Inc. told investors early last year was most important to its executives is in ...
bloomberg.com/news/articles/2024-04-26/tesla-s-most-crucial-metric-drops-to-the-lowest-in-three-years
Tesla’s Most Crucial Metric Drops to the Lowest in Three Years
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X TV App: What We Know About X's New Cross-Device Video Service: X CEO Linda Yaccarino announced Tuesday that X’s new TV app would be “coming soon to most smart ...
forbes.com/sites/mollybohannon/2024/04/23/x-tv-app-what-we-know-about-xs-new-cross-device-video-service/
X TV App: What We Know About X's New Cross-Device Video Service
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CEOs ask for patience on their big bets on AI: Right now, CEOs are betting big on AI, pouring vast amount of resources and money into the technology ...
businessinsider.com/when-will-companies-monetize-ai-ceos-ask-for-patience-2024-4
CEOs ask for patience on their big bets on AI
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
  • The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.

  • TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.

  • Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.

  • Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
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Weak business figures: Tesla's quarterly profit falls by 55 percent: The US electric car manufacturer Tesla is struggling with falling sales figures ...
n-tv.de/wirtschaft/Teslas-Quartalsgewinn-faellt-um-55-Prozent-article24896184.html
Weak business figures: Tesla's quarterly profit falls by 55 percent
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Big victim or big mouth? Time for Australia to put Elon Musk in his place: At its heart, this case is about Australian sovereignty over a company that has a deep ...
smh.com.au/politics/federal/big-victim-or-big-mouth-time-for-australia-to-put-elon-musk-in-his-place-20240423-p5fm01.html
Big victim or big mouth? Time for Australia to put Elon Musk in his place
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Threads hits 150 million active users, adds option to archive posts: The app is welcoming new users with more functionality.
mashable.com/article/threads-150-million-users
Threads hits 150 million active users, adds option to archive posts
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Elon Musk planning a major change to X; it involves a ‘tiny fee’: Popular social media platform X may soon get a bit more expensive.
thestreet.com/social-media/elon-musk-planning-a-major-change-to-x-it-involves-a-tiny-fee
Elon Musk planning a major change to X; it involves a ‘tiny fee’
Quick Glance: Musk Plans Fee for New X Users
  • Elon Musk intends to charge new users of X in the initial months to curb the activity of automated bot accounts.

  • The fee is set to be waived after three months to allow free posting.

  • Tests in New Zealand and the Philippines raised skepticism about the effectiveness of the fee as a countermeasure against bots.

  • Declining revenues at X post-rebranding and Twitter acquisition, along with a negative brand perception by companies, are impacting the service's business.
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Tesla profits have slumped by half. How much is Elon Musk to blame?: The carmaker has announced a big fall in profits as demand for electric vehicles stalls ...
independent.co.uk/news/business/comment/tesla-elon-musk-electric-cars-profits-b2533921.html
Tesla profits have slumped by half. How much is Elon Musk to blame?
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Is Elon Musk's robotaxi dream plunging Tesla into chaos and jeopardizing its vision of a cheap EV? For more: Tesla (TSLA) Cybertruck Recall Is Latest Setback to Stock’s Rough 2024 - Bloomberg
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Musk promised cheaper Teslas: What if no one wants one?: Tesla investors are celebrating news of cheaper vehicles on the horizon. That assumes lots of people ...
businessinsider.com/will-cheaper-tesla-lure-buyers-ev-demand-2024-4
Musk promised cheaper Teslas: What if no one wants one?
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Musk Plays Up ‘Sentient Humanoid’ Robots as Tesla Flounders: Perhaps investors will ignore falling profits and revenues in favor of a sexy—though not yet ...
thedailybeast.com/musk-plays-up-sentient-humanoid-robots-as-tesla-flounders
Musk Plays Up ‘Sentient Humanoid’ Robots as Tesla Flounders
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Elon Musk says he 'would know' if there are aliens out there: Musk's rocket company, SpaceX operates a satellite internet system called Starlink ...
businessinsider.com/elon-musk-says-he-would-know-if-aliens-out-there-2024-4
Elon Musk says he 'would know' if there are aliens out there
Quick Glance: Elon Musk Casts Doubt on Alien Existence
  • Elon Musk expressed his skepticism about the existence of aliens, emphasizing that he had not seen any evidence.

  • The billionaire responded to a recent interview where Tucker Carlson shared his views on aliens.

  • Musk has previously publicly pondered the topic of aliens and highlighted the importance of space exploration.

  • His involvement in SpaceX and the Starlink project has positioned Musk as a significant player in the aerospace industry.