All articles tagged with #elonmusk
Originally Published 7 months ago — by TechCrunch
Milan Kovac, the head of Tesla's Optimus humanoid robot program, is leaving the company, with Ashok Elluswamy set to take over the project. Kovac, who has been with Tesla for nearly a decade, played a key role in developing the Optimus robot, which Elon Musk claims will see mass deployment in Tesla's factories soon.
Originally Published 1 year ago — by Business Insider
A Pew Research Center study reveals that American teenagers are using Elon Musk's social media platform X (formerly Twitter) less, with only 17% of teens using it, down from 23% in 2022. In contrast, WhatsApp has gained popularity among teens, increasing from 17% to 23% usage over the past two years. Other platforms like YouTube, TikTok, and Snapchat have also seen slight declines in teen usage, while Instagram and Facebook usage remains steady. The study highlights a shift in social media preferences among US teenagers.
Originally Published 1 year ago — by Investor's Business Daily
Tesla's stock has reached a new all-time high, surpassing its previous record from 2021, driven by investor optimism about the future of self-driving technology and regulatory easing under the Trump administration. The stock has surged over 60% since Trump's election win, with analysts like Morgan Stanley's Adam Jonas raising their price targets. Despite the rally, concerns remain about Tesla's autonomous driving capabilities and the stock's overextension above its 200-day moving average.
Originally Published 1 year ago — by Yahoo Finance
Tesla's stock surged to a record high of $400 after Goldman Sachs raised its price target to $345, driven by strong sales figures, growth plans, and investor confidence in CEO Elon Musk's ties with the incoming Trump administration. The company's advancements in robotics and AI, along with the popularity of the Model Y in China, have further fueled investor interest. Analysts highlight Tesla's international sales and AI demand as key growth drivers.
Originally Published 1 year ago — by TheStreet
Tesla shares rose as Morgan Stanley analyst Adam Jonas increased his price target to $400, citing Tesla's leadership in autonomous driving and potential benefits from Elon Musk's relationship with President-elect Trump. Despite potential challenges like reduced EV tax incentives and new tariffs, Tesla's market value has surged by $450 billion since Election Day. Analysts expect Tesla's AI and self-driving technologies to expand its market reach, with regulatory support anticipated under the new administration.
Originally Published 1 year ago — by The Quantum Insider
Elon Musk expressed interest in quantum computing following Google CEO Sundar Pichai's announcement of the "Willow" chip, which significantly advances error reduction and computational speed. The chip can solve problems in minutes that would take supercomputers 10 septillion years. Musk and Pichai discussed the potential of quantum technology and space exploration, hinting at future collaborations to harness advanced technologies for global progress.
Originally Published 1 year ago — by POLITICO
House Republicans are divided over Rep. Marjorie Taylor Greene's new role leading a subcommittee on the Department of Government Efficiency (DOGE), created by President-elect Donald Trump to reduce government spending. While some hope her position will align her with party leadership, others fear her controversial nature may cause distractions. Greene, known for her combative style and controversial statements, has expressed interest in working with Elon Musk and Vivek Ramaswamy to cut $2 trillion from the federal budget. Her appointment is seen by some as a strategic move to secure her support for Speaker Mike Johnson.
Originally Published 1 year ago — by CNBC
The S&P 500 and Nasdaq hit new highs as investors await the job openings report and Fed meeting signals. Fed Governor Waller suggests a potential rate cut, while Elon Musk plans to appeal a ruling against his $56 billion Tesla pay package. Intel CEO Pat Gelsinger resigns amid struggles against Nvidia, and dollar store chains face challenges despite consumer demand for deals.
Originally Published 1 year ago — by TESLARATI
Craig Irwin of Roth MKM, a longtime Tesla skeptic, has upgraded Tesla's stock from Neutral to Buy, raising the price target from $85 to $380. This shift is attributed to potential regulatory advantages from Elon Musk's relationship with President-elect Donald Trump, the removal of the $7,500 EV tax credit, and increased interest from conservative voters. These factors are expected to boost Tesla's market position and delivery growth.
Originally Published 1 year ago — by Business Insider
Elon Musk's $44 billion acquisition of Twitter, now rebranded as X, initially criticized as overpriced, is proving beneficial as it provides Musk with political influence and valuable data for his AI startup, xAI. Despite financial challenges and declining user numbers, X has become a strategic asset for Musk, aiding in xAI's rapid growth and his political alliance with the Trump administration. The platform's data is crucial for training AI models, giving xAI a competitive edge, although legal and competitive challenges remain.
Originally Published 1 year ago — by Benzinga
The recent consumer tech news highlights include skepticism over Black Friday deals, with a study showing many aren't genuine savings. Sony announced its December PS Plus games and new black versions of its gaming accessories. Elon Musk's Neuralink is starting a trial for its brain implant technology, and his AI startup xAI plans to launch a game studio. Apple is changing its software update strategy and offering gift cards for Black Friday promotions. Meanwhile, Xiaomi and Huawei are making moves to reduce reliance on foreign tech suppliers.
Originally Published 1 year ago — by The Motley Fool
SpaceX is rapidly advancing its Starship program, with plans to launch 400 Starships over the next four years, potentially phasing out the Falcon 9 rocket due to Starship's lower costs and higher payload capacity. This shift could lead to a price war in the space launch industry, challenging competitors like Arianespace and ULA. SpaceX COO Gwynne Shotwell predicts the company's valuation could reach $2.5 trillion, driven by Starship and Starlink developments.
Originally Published 1 year ago — by NBC News
Journalists are increasingly migrating to Bluesky, a social media platform, as X (formerly Twitter) becomes more challenging for them due to algorithm changes and a rise in toxic content. Bluesky, which does not suppress external links, is attracting journalists, writers, and activists who find it a more engaging and welcoming environment. The platform, initially funded by Twitter co-founder Jack Dorsey, is gaining popularity among those alienated by X's current atmosphere, leading to higher engagement and audience growth for many users.
Originally Published 1 year ago — by TechCrunch
Silicon Valley venture capitalists, including Marc Andreessen, Joe Lonsdale, and Antonio Gracias, are reportedly being considered for roles in Donald Trump's transition team, particularly in the Department of Government Efficiency (DOGE) and a potential crypto advisory council. These VCs, known for their ties to Elon Musk and investments in tech and defense, are expected to help streamline federal programs and shape U.S. crypto policy. The DOGE committee aims to recommend program cuts and reduce federal employees, while facing potential legal challenges.
Originally Published 1 year ago — by Euronews
Bluesky, a decentralized social media platform, plans to quadruple its moderation team in response to a surge in new users, many of whom are migrating from Elon Musk's X (formerly Twitter). The platform aims to enhance safety and content moderation, expanding its team from 25 to 100 moderators. This move highlights ongoing challenges in social media moderation, including managing harmful content and ensuring user safety. Bluesky, created by Twitter co-founder Jack Dorsey, is gaining popularity as users seek alternatives to X following controversial changes under Musk's ownership.