Elon Musk's first Twitter loan payment is due, and he faces bankruptcy.
Summary by NewsWall Apr 16 23
- According to a Financial Times report citing three people familiar with the subject, Elon Musk could face the first interest payment on the debt he took on to buy Twitter as early as this month.
- Musk paid $44 billion for Twitter in October, with $13 billion borrowed from banks like Morgan Stanley and Bank of America.
- If Twitter fails to make that payment, its management may declare bankruptcy in order to begin the debt restructuring process.
- "We have an emergency fire drill on our hands," Musk said in December during a Twitter Spaces conference.
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| Last Updated | Jan 18 23 |
| Total Articles | 10 |
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Elon Musk's first Twitter debt payment is due, amid risks including bankruptcy: The first debt repayment for Musk's Twitter takeover could be due as early as ...
markets.businessinsider.com/news/stocks/elon-musk-twitter-bankruptcy-warning-debt-repayment-interest-payment-wirecard-2023-1
Inside Elon Musk’s “extremely hardcore” Twitter: Twitter’s staff spent years trying to protect the social media site against impulsive billionaires who wanted to ...
theverge.com/23551060/elon-musk-twitter-takeover-layoffs-workplace-salute-emoji
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Looming Twitter interest payment leaves Elon Musk with unpalatable options: Analysts says social media platform is worth closer to $15 billion today than the $44 ...
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Elon Musk is feuding with Brazil’s powerful Supreme Court: The court has become the de facto regulator of social media in the country
economist.com/the-americas/2024/04/14/elon-musk-is-feuding-with-brazils-powerful-supreme-court
Paid articlePaidQuick Glance: Elon Musk's Clash with Brazil's Supreme Court
- Serial entrepreneur Elon Musk has been publicly criticizing Alexandre de Moraes, one of Brazil's Supreme Court judges, for the past week.
- The dispute revolves around X, a social media company owned by Mr. Musk, which announced on April 6th that a Brazilian court had ordered it to block a set of 'popular' accounts or face hefty fines.
- Mr. Moraes then initiated an inquiry against Mr. Musk for obstruction of justice, leading Mr. Musk to claim that censorship in Brazil is worse than in any other country where the platform operates.
- The row highlights the power of Brazil's Supreme Court and the debate on regulating social media without harming freedom of speech, which is a crucial battleground in Brazil.
Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff
Elon Musk and Javier Milei share their love of free markets in first meeting: Tesla boss shows Argentine president Texas factory where they talked about lithium ...
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Quick Glance: Elon Musk and Javier Milei Discuss Free Markets and Investment Opportunities
- Elon Musk and Argentine president Javier Milei met for the first time at Tesla's Texas factory.
- They discussed market liberation, eliminating bureaucratic obstacles, and investment opportunities.
- Milei unexpectedly won an election focused on spending cuts and inflation reduction.
- Both shared similar views on free markets and expressed support for Israel in conflicts.
Tesla: job cuts at e-car company - Welcome to reality, Elon Musk!: Tesla is facing a huge wave of redundancies. This is bad news for the employees ...
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Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
Elon Musk threatens to disobey court order over banned profiles: Brazil threatens to regulate social media owned by "billionaires domiciled abroad."
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Quick Glance: Elon Musk and the Support of Far-Right in Brazil
- A court in Brazil is planning an investigation against X owner Elon Musk for alleged obstruction of justice, following Musk's reactivation of accounts belonging to far-right individuals that were flagged by the Brazilian government for removal.
- Under Musk's leadership, X has transformed into a sanctuary for the far right and dissemination of misinformation, resulting in an escalation of hate speech on the platform.
- Experts caution that Musk is establishing a dangerous precedent by protecting and promoting the far right on his platform, regardless of local regulations or public opinion.
- Despite Musk's claims of advocating for free speech, the implementation of these principles on the platform has been inconsistent under his direction, especially concerning government requests to deactivate accounts.
So much for free speech on X; Musk confirms new users must soon pay to post: The fee, likely $1, is aimed at stopping “relentless” bots, Musk said.
arstechnica.com/tech-policy/2024/04/so-much-for-free-speech-on-x-musk-confirms-new-users-must-soon-pay-to-post/
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.
Why Tesla wants to give Elon Musk $55 billion pay package: Tesla says Elon Musk's pay package is a "matter of fundamental fairness and respect to our CEO."
businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4
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.
Tesla just asked shareholders to approve Elon Musk's nixed $56 billion pay plan again
qz.com/tesla-elon-musk-investors-approve-compensation-pay-plan-1851415316
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
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Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows
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- The decision came after court rulings forced X to block specific popular accounts in Brazil without disclosing the reasons or legal violations.
- The legal battle unfolds as courts in Brazil escalate efforts to combat fake news and hate speech online.
- Musk has previously clashed with Brazilian authorities over content censorship on his platform, arguing that it goes against the law and the will of the Brazilian people.
Days After Layoffs, Tesla Pushes Stockholders to Approve Elon Musk's $56 Billion Pay Package
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Hyundai pauses ads on X over brand safety issues: South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter ...
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Elon Musk’s Grok keeps making up fake news based on X users’ jokes: X likely hopes to avoid liability with disclaimer that Grok "can make mistakes."
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Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal: Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore ...
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US supports UN reform: Biden admin on Musk's remarks on UNSC seat for India: The US supports much-needed reform of the United Nations, including the Security ...
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Elon Musk confirms he used a secret account on X : Elon Musk said he had used an alternate "test account" on X, with which he at times roleplayed as a toddler.
businessinsider.com/elon-musk-confirms-secret-twitter-account-x-child-2024-4
Wall Street wants answers from Elon Musk on Tesla's Model 2 car: Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive ...
reuters.com/business/autos-transportation/wall-street-wants-answers-musk-teslas-affordable-car-2024-04-17/
Musk’s X Retreats, Pledging to Comply With Brazil Court Orders: Elon Musk’s X social media platform will comply with all orders from Brazil’s Supreme Court ...
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Is Elon Musk's Starlink Profitable? SpaceX Satellites Are Money Losers: SpaceX celebrates the satellite business as a money-making venture fueling a quest ...
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Elon Musk predicts AI will overtake human intelligence next year: Tesla chief says infrastructure will need to keep up with technology’s demands as he seeks ...
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Quick Glance: Elon Musk Predicts AI Surpassing Human Intelligence Next Year
- Elon Musk predicts that artificial intelligence will surpass human intelligence by the end of next year, given the necessary infrastructure to meet technological demands.
- Musk anticipates that AI capabilities will likely exceed those of all humans in the next five years.
- A series of AI breakthroughs in the past 18 months have accelerated development faster than expected, with Musk being more optimistic than previous forecasts.
- Musk has intensified his efforts to enter the AI race by seeking funding for his own AI startup to compete with OpenAI, while also advocating for a pause in the development of advanced AI systems.
Tesla cancels some layoff separation agreements: Some laid off Tesla workers received a notification that their separation agreement had been canceled.
businessinsider.com/tesla-cancels-some-layoff-separation-agreements-2024-4
Tesla execs Drew Baglino and Rohan Patel leave as company lays off 10%: Two high-profile executives have departed Tesla the same day that the electric automaker ...
techcrunch.com/2024/04/15/tesla-layoffs-workers-sales-cybertruck-cuts/
India Elections: An Election Meme War Unfolds As Modi's BJP Outspends Opposition
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US committee releases sealed Brazil court orders to Musk's X: A U.S. congressional committee has released confidential Brazilian court orders to suspend accounts ...
apnews.com/article/brazil-twitter-elon-musk-x-censorship-f51dc67d51c8f5a1cf152ba467f44a8f
Elon Musk apologizes for 'incorrectly low' Tesla severance: report: The Tesla CEO told workers in an email that the mistakes were "being corrected immediately."
businessinsider.com/elon-musk-tesla-apologizes-severance-packagaes-layoffs-2024-4
Elon Musk Says New X Users Will Soon Have to Pay to Post on the Platform: Elon Musk said X will soon start charging new users who want to post on the platform to ...
entrepreneur.com/business-news/elon-musk-says-new-x-users-will-be-charged-a-fee-to-post/472864
Tesla layoffs hit high performers, some departments slashed, sources say: Tesla management told employees Monday that the recent layoffs — which gutted some ...
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India Elections 2024: Modi to Meet Elon Musk Amid World’s Biggest Election: Each day, Bloomberg journalists take you across a selection of towns and cities as ...
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Elon Musk Indicates That X Might Soon Start Charging New Users for Basic Actions Such as Liking, Bookmar…
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Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo: Tesla will lay off more than 10% of its global workforce, according to a memo sent ...
cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.html
Bloomberg Evening Briefing: Tesla to Slash More Than 10% of Its Workforce: Get caught up.
bloomberg.com/news/newsletters/2024-04-15/bloomberg-evening-briefing-tesla-to-slash-more-than-10-of-its-workforce
Elon Musk's Grok AI Pushes False News Stories About Indian Election, Iran Strike: X users were surprised to see that Prime Minister Modi was 'ousted' in a ...
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Elon Wants His Money Back: Tesla to Texas, banker breakup fees, Destiny Tech100 and WhatsApp at the SEC.
bloomberg.com/opinion/articles/2024-04-17/elon-wants-his-money-back
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Elon Musk apologizes to laid-off Tesla employees for severance error: In a brief email, the CEO assured the company was working to remedy the mistake.
sfchronicle.com/tech/article/elon-musk-apologizes-tesla-severance-packages-19410249.php
X is removing ability to hide checkmarks for premium users: Last year, Elon Musk-owned social network X rolled out a feature for paid users to hide their ...
techcrunch.com/2024/04/11/x-is-removing-ability-to-hide-checkmarks-for-premium-users/
Kevin Durand Wants In On A24's Elon Musk Biopic: The Abigail actor revealed he often gets mistaken for the tech mogul behind X and Tesla.
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Elon Musk says Tesla needs a 'complete organizational overhaul' : "That said, our executive tenure is unusually high at well over 10 years at Tesla ...
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Tesla asks shareholders to reapprove huge Musk compensation package: The proposals come amid a difficult stretch for Tesla, whose shares have fallen 37 percent ...
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Tesla 'Layoffs' Spell Bad News for Elon Musk: Elon Musk has seen his personal fortune slashed by tens of billions of dollars so far this year.
newsweek.com/tesla-layoffs-elon-musk-bad-news-fortune-loss-1890250
Quick Glance: Tesla Layoffs Impact Elon Musk's Fortune
- Elon Musk has seen his personal fortune plummet by billions of dollars this year.
- Tesla announced global workforce reductions of 'more than 10%' in an internal email sent by CEO Elon Musk to staff.
- The reported layoffs come at a challenging time for Musk and Tesla, with quarterly results showing an 8.5% decline in product deliveries compared to the previous year.
- Tesla shares have dropped over 30% this year, causing Musk to fall to third place on the Bloomberg Billionaires Index.
Elon Musk wanted this deposition kept secret. Here are the best moments: Highlights from the Tesla CEO and X owner's newly released deposition transcript
qz.com/elon-musk-deposition-highlights-1851399387
Quick Glance: Spiro Faces Sanctions Bid in Texas Defamation Fight
- Benjamin Brody seeks sanctions against Elon Musk's lawyer Alex Spiro for alleged unauthorized legal practice in a defamation lawsuit.
- Spiro represented Musk in a hearing despite not being licensed in Texas and lacking court permission.
- Brody claims Musk made false statements about him on social media, leading to a lawsuit.
- Spiro's behavior during a hearing was described as highly unprofessional, prompting demands for legal fees and sanctions.
Tesla discloses it spent $200,000 advertising on X: Here’s one advertiser that social media platform X doesn’t have to worry about losing because it’s turned off ...
cnn.com/2024/04/18/business/elon-musk-tesla-advertises-on-x/
Elon Musk's Worst Predictions and Broken Promises of the Past 15 Years: "I feel very confident predicting autonomous robotaxis for Tesla next year ...
gizmodo.com/elon-musks-worst-predictions-and-broken-promises-1851398745
Elon Musk's biggest fans are downplaying the news of Tesla's largest layoff : Despite the EV juggernaut letting go of "more than 10%" of its workforce ...
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Red Lobster considers bankruptcy to deal with leases and labor costs: Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks ...
chicagotribune.com/2024/04/17/red-lobster-considers-bankruptcy/
Quick Glance: Red Lobster Considers Bankruptcy
- The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.
- Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.
- A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.
- Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
Gina Carano “Grotesquely Trivialized The Holocaust,” Disney Says; Wants Elon Musk-Backed Suit On ‘Mandalorian’ Firing Tossed
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Elon Musk raises alarm on Greece’s ‘population collapse’: Billionaire Elon Musk addressed Greece’s low birth rate in a post on Platform X on Monday.
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Dispute over X in Brazil: Elon Musk's latest feud: The owner of X, formerly Twitter, has been publicly dueling with a Brazilian judge for days ...
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I relocated when Tesla asked. Then I was laid off.: A Tesla worker who was laid off says they tried to clock in and their phone said to contact IT.
businessinsider.com/laid-off-tesla-worker-story-after-relocating-2024-4
Judge halts Texas probe into Media Matters’ reporting on X: Texas attorney general remained silent on claims of First Amendment retaliation.
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Tesla to cut workforce as China accelerates into EV sector: NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric vehicle giant is cutting ...
asia.nikkei.com/Business/Automobiles/Tesla-to-cut-workforce-as-China-accelerates-into-EV-sector
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Elon Musk: Tesla boss to visit India for meeting with PM Modi: The Tesla boss is expected to announce major investment plans in India as the firm faces slowing ...
bbc.com/news/articles/c4n1ldx5klwo
Quick Glance: Musk to Meet Modi in India and Announce Investment Plans
- Elon Musk plans to visit India to meet Narendra Modi and announce investment plans.
- Musk expected to open a new factory in India and will be accompanied by other executives.
- India reduces import taxes on electric vehicles to attract foreign investments.
- Tesla plans manufacturing plant in India with around $2 billion investment to tap into the growing EV market.
Ukraine War: Does Elon Musk's Starlink help Russia's war of aggression?: Is Russia using Elon Musk's Starlink technology on the front lines? This is what US ...
t-online.de/nachrichten/ausland/internationale-politik/id_100382118/ukraine-krieg-hilft-elon-musks-starlink-dem-russischen-angriffskrieg-.html
Quick Glance: Starlink in Russia: Musk's Technology in Warfare
- Elon Musk expresses concern over Starlink's use in Russia's war.
- Russia employs Starlink for military purposes contrary to its original intent.
- Illicit networks smuggle banned Starlink terminals into Russia.
- Starlink aids Russia in overcoming communication issues and controlling drones.
SpaceX Adds 500,000 New Starlink Users in 4 Months: The global user base for Starlink is now at 2.7 million, up from 2.2 million in December.
pcmag.com/news/spacex-adds-500000-new-starlink-users-in-4-months
Quick Glance: SpaceX Spending on Moonshot Bets
- Confidential SpaceX financial reports for 2018 and 2019 reveal the company's reliance on Starlink for profitability.
- The pivotal years of 2018 and 2019 saw significant events like the Falcon Heavy rocket launch and Crew Dragon capsule test.
- The company reported revenues of $1.98 billion in 2018 and $1.45 billion in 2019, but also faced losses due to high costs.
- The financials indicated NASA contracts played a significant role in SpaceX's revenue, while the introduction of the Starship rocket may change the game.
Tesla (TSLA) Model 2 Is Crucial to Investment Thesis, David Baron Says: A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in ...
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Tesla’s Strategy Shifts Are Following Elon Musk’s AI Whims: The carmaker’s founder is focused elsewhere. Plus: What’s behind that insurance bill.
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Tesla to cut over 10% of workforce in global retrenchment: Chief Executive Officer Elon Musk revealed the job cuts in an email to staff, citing duplication of ...
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Elon Musk : l'IA sera "plus intelligente que l'homme le plus intelligent" d'ici deux ans
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Trouble at Tesla? The headache facing Elon Musk: The company is at a crossroads as Musk grapples with falling sales and an influx of cheap Chinese-made EVs
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Tesla to lay off more than 10% of staff globally as sales fall: Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by ...
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Tesla to Cut More Than 10% of Global Workforce, Musk Tells Staff in Email: The electric-vehicle maker is grappling with dimming growth prospects amid an overall ...
on.wsj.com/3xEMlYL
Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees
cnbc.com/2024/04/17/tesla-says-in-email-it-sent-some-incorrectly-low-severance-packages.html
Tesla asks shareholders reinstate Elon Musk's pay, move to Texas: Electric vehicle giant Tesla is asking its shareholders to approve CEO Elon Musk's pay package ...
foxbusiness.com/markets/tesla-asks-shareholders-reinstate-elon-musks-pay-move-texas
Tesla worker laid off weeks after joining says he can't pay rent: A man told KVUE that he was hired to work at Tesla's Texas plant a few weeks ago ...
businessinsider.com/tesla-worker-laid-off-ev-transport-texas-rent-2024-4
Fake Footage of Iran’s Attack on Israel Is Going Viral: Misleading posts including AI-generated videos, photos, and repurposed footage from other conflicts have ...
wired.com/story/iran-israel-attack-viral-fake-content/
The EV market is in trouble: The latest sign is Tesla's layoffs: The drive to electrify personal cars in California has, at best, hit a rough patch ...
latimes.com/environment/story/2024-04-16/the-ev-market-is-in-trouble-the-latest-sign-is-teslas-layoffs
Grimes apologizes to fans for technical issues after Coachella set: Videos on X showed Grimes visibly frustrated during her Coachella set and, at one point ...
businessinsider.com/grimes-apologizes-to-fans-for-technical-issues-after-coachella-set-2024-4
Read Tesla CEO Elon Musk's leaked layoffs memo: The electric vehicle maker is slashing "more than 10%" of its global workforce
qz.com/tesla-elon-musk-layoffs-leaked-memo-staff-1851409932
3 Leadership Insights From Elon Musk's Strategic Blunders: Give customers unbeatable value, bolster your competitive weaknesses, and face reality.
inc.com/peter-cohan/3-leadership-insights-from-elon-musks-strategic-blunders.html
Tesla's Full Self-Driving keeps driving cars into curbs, drivers say: It’s difficult to tell if this curb hopping problem is new due to a change in the vehicle ...
qz.com/tesla-full-self-driving-cars-curbs-elon-musk-software-1851415347
Why Boeing chief’s $33mn pay is hard to justify: Dave Calhoun was awarded a 45% increase in total pay last year
ft.com/content/c3683fda-f4c6-44d2-bb1b-0eeab5af0f76
A major Tesla exec has left Elon Musk's automaker amid job cuts: Drew Baglino, Tesla's senior vice president of powertrain and electrical engineering, is leaving ...
businessinsider.com/tesla-exec-baglino-left-after-18-years-layoffs-2024-4
How soon will machines outsmart humans? The biggest brains in AI disagree: Elon Musk’s prediction that artificial intelligence will surpass human experts by 2025 ...
ft.com/content/28ac1860-1011-4fa3-97f2-5189b5589fed
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