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Guardian
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218
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Elon Musk’s six major conflicts of interest with the federal government
- Elon Musk, the richest man on Earth, has a wide array of potential conflicts of interest with the federal government.
- Musk owns, directs or invests in industries that touch dozens of departments and agencies of the federal government.
- Musk's electric car company, Tesla, is worth $1.25tn today and faces challenges in sourcing clean energy, labor disputes and safety deficiencies.
- SpaceX, a privately-owned company where Musk plays an integral role, is competing with established space companies for billions in federal government contracts.
- Musk's artificial intelligence startup, xAI, is vying with several other companies and policymakers are contemplating potential rules for the nascent technology.
- Musk is developing a biotech start-up called Neuralink, focused on developing human brain implants to control electric devices.
- Musk is a crypto enthusiast and disclosures show he has made personal investments in cryptocurrencies such as Bitcoin and Ethereum.
- Cryptocurrency is facing regulation and Musk's conflicts of interest with government agencies regulating the industry could undermine Musk's perception of neutrality.
- Multiple conflicts of interests can affect Musk's companies, such as the investigation of illegal firings by the National Labor Relations Board (NLRB), environmental issues and safety claims which could lead to funding cuts from various agencies.
- Policy recommendations from Musk's proposed "Department of Government Efficiency" could influence industry regulations in his companies' favor.
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TechCrunch
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440
Image Credit: TechCrunch
Tesla’s loss is Zoox’s gain
- Zoox co-founder and CTO Jesse Levinson doubted Tesla's ability to launch a robotaxi service in 2024 due to technology limitations.
- Zoox, owned by Amazon, has hired Zheng Gao, former head of Tesla's Autopilot hardware engineering team.
- Gao's departure from Tesla is significant as the company aims to develop an unsupervised version of its Full Self-Driving software.
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Teslarati
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106
Image Credit: Teslarati
Tesla bull ARK offloads over 51,000 shares amid stock run up
- ARK Invest, a Tesla bull, offloaded over 51,000 shares of the electric automaker on Wednesday night, aiming to equal out the concentration of certain securities within its ETFs.
- The sale, worth around $21.8 million, came from ARK's Innovation ETF (ARKK) and does not indicate a decision to take a profit.
- ARK Invest also purchased 348,733 shares of Tempus AI as part of its portfolio adjustments.
- Cathie Wood, the CEO of ARK Invest, predicts Tesla's fivefold growth in the next five years.
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Teslarati
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62
Image Credit: Teslarati
Tesla Model 3 earns 5-star rating in Green NCAP test
- The Tesla Model 3 has earned a 5-star safety rating in the Green NCAP test.
- It achieved an average score of 98% and proved to be one of the most energy-efficient vehicles tested.
- In specific ratings, the Model 3 RWD scored 10/10 on the Clean Air Index and earned 'Good' ratings in the Energy Efficiency Tests.
- The Model 3's low energy consumption and minimal greenhouse gas emissions contribute to its impressive performance.
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Teslarati
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222
Image Credit: Teslarati
Tesla’s path to $2 trillion market cap laid out by Wedbush
- Tesla has a clear path to a $2 trillion market capitalization.
- The company's growth will rely on projects beyond automotive growth, such as autonomous driving and the release of the Tesla Cybercab.
- Wedbush analyst Dan Ives believes Tesla's autonomous vehicle projects alone are worth $1 trillion and could help the company reach the $2 trillion market cap threshold by the end of 2025.
- Tesla's progress in fully autonomous driving and the launch of the Cybercab are key factors for its future value growth.
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Insider
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414
Image Credit: Insider
Elon Musk's record $447 billion fortune means he's nearly $200 billion ahead of Jeff Bezos — and worth more than Costco
- Elon Musk's net worth reached $447 billion after Tesla stock jumped and SpaceX's valuation rose to $350 billion.
- Musk's fortune has increased by $218 billion this year, making him nearly $200 billion richer than Jeff Bezos.
- Musk's one-day gain of $63 billion is the largest in the Bloomberg Billionaires Index's history.
- With a net worth of $447 billion, Musk is worth more than Costco, Home Depot, and Netflix.
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Teslarati
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222
Image Credit: Teslarati
GM & LG Energy Solution team up to produce prismatic cells
- General Motors (GM) and LG Energy Solution (LGES) have partnered to develop prismatic cells.
- This agreement extends the companies' 14-year battery partnership.
- The partnership aims to develop prismatic battery cell technology and chemistries for GM's electric vehicles.
- LG Energy Solution plans to deepen collaboration to drive growth in the EV market.
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Teslarati
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44
Image Credit: Teslarati
General Motors Ultium Cell plant reaches major milestone
- The General Motors (GM) Ultium Cells Warren plant in Ohio celebrated a major milestone recently by producing its 100 millionth battery cell.
- The milestone was achieved five yeas after GM and LG Energy Solution announced their joint venture plans to produce electric vehicle (EV) battery cells in Ohio.
- The Ultium Cells Warren facility started battery production in August 2022, using a state-of-the-art nickel-cobalt-manganese-aluminum (NCMA) chemistry.
- GM and LG Energy Solution are expanding their technology partnership to develop cost-competitive prismatic battery cells.
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Technode
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160
Image Credit: Technode
Baidu’s JV with Geely becomes the latest Chinese EV maker struggling with money problems
- Chinese electric vehicle startup Jiyue, a joint venture between Baidu and Geely, is facing financial challenges.
- Jiyue is laying off employees, suspending debt payments, and delaying vehicle deliveries as part of a restructuring.
- The company is searching for new funding and major shareholders might stop funding its development.
- Jiyue is the latest Chinese EV maker struggling with money problems, following Neta Auto.
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Teslarati
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245
Image Credit: Teslarati
Tesla is ramping its Cybercab testing sessions in Giga Texas
- Tesla is ramping its Cybercab testing sessions in Giga Texas.
- Videos show multiple Cybercabs being operated around the Giga Texas facility.
- The Cybercab is designed specifically for full self-driving and features two seats and a large cargo space.
- The vehicle has been showcased at Tesla stores, automotive museums, and other events.
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Teslarati
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365
Image Credit: Teslarati
Elon Musk denies claims he is considering a $100M penthouse near Mar-a-Lago
- Elon Musk has denied reports that he is reportedly eyeing late beauty mogul Sydell Miller’s penthouse in Palm Beach, Florida.
- Page Six claimed that Musk has expressed interest at acquiring Miller’s penthouse, which is comprised of two apartments.
- Elon Musk has directly denied the reports, stating in a post on X that “I’m not buying or building a house anywhere.”
- Elon Musk’s direct denial of the report is unsurprising, considering that the CEO is not known for living in luxury, especially in the past few years.
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21 Likes
Teslarati
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383
Image Credit: Teslarati
Tesla Cybertruck spotted at BYD facility in China
- A Tesla Cybertruck has been spotted at a BYD facility in China.
- BYD is likely benchmarking and conducting a teardown of the Cybertruck to gain insights.
- The Cybertruck's advanced technology, including its 48-volt architecture and steer-by-wire system, has received acclaim.
- While there are no plans for Tesla China to release the Cybertruck locally, it has attracted significant interest from Chinese EV enthusiasts.
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CarExpert
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423
Image Credit: CarExpert
Tesla shares surge to record high after Donald Trump election win
- Tesla shares reach record high of $424.88, surpassing previous peak of $414.50.
- Donald Trump's election win and support from Elon Musk contribute to the surge.
- Axing of US federal tax credit for EVs may harm Tesla's rivals.
- Increased sales in China also contribute to Tesla's share price increase.
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25 Likes
Teslarati
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268
Image Credit: Teslarati
Tesla is working on new parking features for Full Self-Driving
- Tesla is working on releasing new parking features within the Full Self-Driving suite.
- One of the upcoming features will be the ability to park in residential garages.
- Tesla's Head of Autopilot and AI confirmed that they are working on developing this capability.
- The company did not provide a projected release date for garage parking feature.
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Teslarati
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401
Image Credit: Teslarati
Tesla completes Cybertruck regulatory filing in China just days after rumor denial
- Tesla has completed a regulatory filing for the Cybertruck in China, despite previously denying rumors of its release in the market.
- The filing with the Ministry of Industry and Information Technology (MIIT) includes specs such as range, weight, and peak power.
- Tesla CEO Elon Musk has acknowledged the difficulty of making the Cybertruck road legal in China.
- There are discussions of a potential international version of the Cybertruck, but no official confirmation has been given.
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