ReportWire

Tag: elon musk

  • Elon Musk says Tesla owners can ‘text and drive’ very soon

    Elon Musk went on stage on Thursday night during Tesla’s annual shareholders meeting and made some big claims and promises. The company is “almost comfortable” letting owners with Full Self-Driving (FSD) “text and drive,” he said. At the moment, its vehicles are still strictly monitoring drivers to make sure their eyes are on the road, but Musk said that Tesla will enable unsupervised FSD that will allow texting and driving within “a month or two.”

    To note, Tesla’s FSD is currently capable of level 2 autonomous driving. Musk is promising at least a level 4 capability, in which the driver can be disengaged as the car performs all driving tasks for them, within a short span of time. While he said that Tesla will look at its safety data first, he didn’t discuss the steps it’s taking to enable texting while driving and whether it’s already discussing the legalities of it with regulators.

    Talking about the Cybercab, Musk said production of the robotaxis will begin by April next year. Since it will be specifically built with autonomy in mind, it will not have pedals, a steering wheel and even side mirrors. The Cybercab’s manufacturing process, he explained, is vastly different from typical car production and is more comparable to phone manufacturing. That’s why he thinks the company will be able to produce one unit every 10 seconds.

    Musk also talked about the flying car he teased on Joe Rogan’s show. When asked at the event, he said the demo will now take place on April 1, 2026, instead of this month or the next like he told Rogan. It remains to be seen whether we’re going to get April Fooled, but Musk claimed that production of Tesla’s flying vehicle will happen a year or so after its unveiling. As always, take Musk’s claims with a grain of salt, as he’s pretty infamous for being overly ambitious with his timelines.

    While Musk was on stage talking about Tesla’s plans, an Optimus humanoid robot was standing by the side. The CEO said Optimus is bound to become the “biggest product of all time,” bigger than cellphones, “bigger than anything.” Tesla will start with a 1-million production line and then a 10-million production line, but he said the company expects to eventually produce 100 million to a billion Optimus robots a year. He envisions a world wherein the humanoid machines will provide people with medical care… as well as a world wherein instead of being jailed, Optimus follows criminals around to stop them from committing more crimes.

    Before Musk went on stage, Tesla’s shareholders had voted to approve his pay package worth up to $1 trillion over the next 10 years. Tesla has to hit several goals for Musk to become the first trillionaire, though, including reaching a market value of $8.5 trillion from its current worth of $1.4 billion and selling a million Optimus robots.

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  • Tesla shareholders approve Elon Musk’s $1 trillion compensation package

    Tesla’s shareholders have voted in favor of a compensation plan that could see CEO Elon Musk become the world’s first trillionaire. The potential incentives were laid out in September, and the company’s shareholders have agreed to allow this all-or-nothing package for its chief exec, who spent the first half of this year decimating the US federal government rather than working on any Tesla-adjacent projects.

    The compensation plan lists several targets that the company must reach for Musk to reap the vast rewards. Tesla must reach a market value of $8.5 trillion, compared with its current worth of about $1.4 billion. Other requirements are metrics-based, such as selling a million robots with humanoid qualities, while others are strategic, such as establishing a succession plan for future Tesla leadership. Musk also has a lot of other irons in the fire across SpaceX and xAI, so the incentives may be an effort to keep the CEO focused on generating more money for this specific group of supporters.

    Presently, most times the Tesla name makes headlines, it’s not for good press. The company coupled record-high revenue with tumbling profits in its Q3 2025 financial results. Just during October, it was the subject of multiple investigations by the National Highway Traffic Safety Administration and incurred the wrath of the California Department of Insurance.

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  • Tesla shareholders approve CEO Elon Musk’s $1 trillion pay package

    Tesla shareholders on Thursday approved a new pay package for CEO Elon Musk that is potentially worth up to $1 trillion over a decade, despite some prominent investors criticizing the size of the compensation plan.

    The plan, one of the richest compensation packages in corporate history, would be delivered to Musk — the richest person in the world, with a net worth of $437 billion — if Tesla hits certain performance goals under his leadership. Meeting such targets would make him the world’s first trillionaire.

    Norway’s sovereign wealth fund, which holds a stake in Tesla, on Tuesday said it would vote against the pay package, while investment advisory firms Glass Lewis and ISS also recommended shareholders vote against it.

    The vote comes at a delicate time for Tesla, with the electric car maker’s sales tumbling earlier this year after Musk spearheaded the Trump Administration’s Department of Government Efficiency, or DOGE. His role overseeing the layoffs of thousands of government workers antagonized some consumers, with Yale University researchers saying Muks’s actions reduced Tesla’s sales by as many as 1.2 million vehicles over the past three years.

    Musk stepped back from DOGE in May, promising to refocus on Tesla.

    One prominent Wall Street analyst, Dan Ives of Wedbush Securities, said the generous pay package is necessary to ensure Musk remains committed to Tesla.

    “Tesla’s board members have asked shareholders to approve a long-term incentive package for Musk to retain and motivate the CEO to remain in his current leadership role with a new share package where he will only be paid if he attains ‘extraordinary financial returns,’” Ives said in a Nov. 5 research note. 

    The package requires Tesla to hit certain milestones, such as reaching a market cap of $8.5 trillion, or about six times its current valuation of $1.4 trillion, shipping 20 million vehicles and delivering 1 million of Tesla’s humanoid “Optimus” robots.

    Despite Musk’s controversial leadership, the company’s sales and stock price have soared over the years. Since it went public in June 2010, the company’s stock has returned almost 35,000%, compared with a roughly 550% gain in the S&P 500 over the same time period.

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  • Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package

    On Thursday, Tesla shareholders approved an unprecedented $1 trillion pay package for CEO Elon Musk. The full compensation plan will go into effect by 2035—assuming Musk and the company successfully hit ambitious financial and production targets. If that happens, Musk will also get control of some 25 percent of the business, up from the 12 percent he controls currently. More than 75 percent of Tesla shareholders approved the move in a preliminary vote.

    Musk celebrated the news onstage at Tesla’s Gigafactory in Austin, Texas, appearing alongside two dancing humanoid robots, the company’s Optimus products. “Look at us, this is sick,” he said.

    To meet its goals, however, Tesla will have to lead in industries well beyond electric cars—and guarantee that Optimus can do much more than dance. It will also have to beat all competitors in autonomous driving technology and robotics. “Tesla will have to be the market leader not just in the US but also Europe and other regions,” says Seth Goldstein, a senior equity analyst at Morningstar, a financial services firm.

    Specifically, Tesla needs to hit an$8.5 trillion valuation over the next 10 years, deliver 20 million vehicles to customers, send out 1 million robots, operate 1 million robotaxis, and sell 10 million subscriptions for its “Full Self-Driving” software over a three-month period—in addition to other financial targets.

    Still, the vote marks a win for Musk, whose previous package, a $50 billion payday laid out in 2018, has been caught up in litigation after a shareholder alleged that the CEO had too much influence over the company’s board and that Tesla was therefore failing to uphold its legal obligations to shareholders. The lawsuit, brought in Delaware’s Chancery Court, led to Tesla reincorporating in Texas. A panel of judges heard the case on appeal in October; they’ll likely make a final decision in the coming months.

    Before the vote, Tesla’s board argued the sky-high pay package was necessary to retain Musk as CEO—and keep him focused on the car company. In a call with investors last month, Musk suggested that he would have a hard time pushing Tesla ahead in robotics and autonomy if he didn’t have a strong sway over the automaker. “If we build this robot army, do I have at least a strong influence over this robot army?” he asked. “I don’t feel comfortable building that robot army unless I have a strong influence.”

    Following Thursday’s vote, Musk told investors gathered in Texas that production of the Cybercab, a self-driving vehicle that lacks a steering wheel or sideview mirrors, would begin in April. The company will need permission from the federal government to put the unconventionally designed car on the road.

    Aarian Marshall

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  • IRS Direct File won’t be available next year. Here’s what that means for taxpayers

    WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.

    An email sent Monday from IRS official Cynthia Noe to state comptrollers that participate in the Direct File program said that “IRS Direct File will not be available in Filing Season 2026. No launch date has been set for the future.”

    The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical. However, it faced criticism from Republican lawmakers, who called it a waste of taxpayer money because free filing programs already exist (though they are difficult to use), and from commercial tax preparation companies, which have made billions from charging people to use their software.

    Treasury Secretary Scott Bessent, who is also the current IRS commissioner, told reporters at the White House on Wednesday that there are “better alternatives” to Direct File. “It wasn’t used very much,” he said. “And we think that the private sector can do a better job.”

    The Center for Taxpayer Rights filed a Freedom of Information Act request for IRS’ latest evaluation of the program and the report says 296,531 taxpayers submitted accepted returns for the 2025 tax season through Direct File. That’s up from the 140,803 submitted accepted returns in 2024.

    Direct File was rolled out as a pilot program in 2024 after the IRS was tasked with looking into how to create a “direct file” system as part of the money it received from the Inflation Reduction Act signed into law by Biden in 2022. The Democratic administration spent tens of millions of dollars developing the program.

    Last May, the agency under Biden announced that the program would be made permanent.

    But the IRS has faced intense blowback to Direct File from private tax preparation companies that have spent millions lobbying Congress. The average American typically spends about $140 preparing returns each year.

    The program had been in limbo since the start of the Trump administration as Elon Musk and the Department of Government Efficiency slashed their way through the federal government. But The Associated Press reported in April that the administration planned to eliminate the program, with its future becoming clear after the IRS staff assigned to it were told to stop working on its development for the 2026 tax filing season.

    As of Wednesday, the Direct File website states that “Direct File is closed. More information will be available at a later date.”

    The Washington Post and NextGov first reported on the email to state comptrollers confirming the program would not be offered next year.

    Adam Ruben, a vice president at the liberal-leaning Economic Security Project, said “it’s not surprising” that the program was eliminated.

    “Trump’s billionaire friends get favors while honest, hardworking Americans will pay more to file their taxes,” he said.

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  • Elon Musk is officially on the trillionaire path as Tesla shareholders approve an unprecedented $1 trillion pay package | Fortune

    It’s official: Elon Musk is on track to become the world’s first trillionaire.

    Tesla shareholders approved a new executive pay package Thursday afternoon that would give Musk nearly $1 trillion in stock over the next decade, a record-shattering deal for the world’s richest man.

    The total award depends on whether Musk can meet ambitious performance targets for the struggling electric-vehicle company, including growing Tesla’s market cap to $8.5 trillion—a more than 500% increase from today’s valuation. The goals also include delivery of 20 million Tesla vehicles and 1 million bots in addition to 1 million robotaxis in commercial operation.

    “While we believe Elon is the only person capable of leading Tesla at this critical inflection point, changing the world is neither an overnight process nor the work of a single person,” Tesla’s Board wrote in a letter to shareholders in August. “So, we also want your help in securing the team and strategy needed to achieve goals that others will perceive as impossible but that we know are possible for Tesla.”

    Musk’s net worth is estimated at about $473 billion. 

    Reining Musk back in

    If all goes to plan, Musk’s stake in Tesla will rise from about 13% to nearly 29%—a level of control he’s long sought.

    Having voting control in the “mid-20s” percent range would help secure a “strong influence,” but gives shareholders enough control to fire him if he goes “insane,” Musk said during Tesla’s earnings call last month.

    “It’s called compensation, but it’s not like I’m going to go spend the money,” Musk added. “It’s just, if we build this robot army, do I have at least a strong influence over that robot army, not current control, but a strong influence? That’s what it comes down to in a nutshell. I don’t feel comfortable wielding that robot army if I don’t have at least a strong influence.”

    Tesla’s stock fell as much as 43% between January and March as Musk devoted much of his time to leading the Department of Government Efficiency (DOGE). Since stepping back, shares have recovered to being up 16% year-to-date.

    Many shareholders hope the new incentives will keep Musk focused on Tesla.

    Ron Baron, the founder and CEO of Baron Capital, which holds a 0.39% stake in Tesla, said in a post on X that he supported the plan because without Musk, Tesla wouldn’t exist.

    “Elon is the ultimate ‘key man’ of key man risk,” Baron wrote. “Without his relentless drive and uncompromising standards, there would be no Tesla.” 

    From Pope Leo to Norway’s sovereign wealth fund, Musk’s pay package had its haters

    Not every Tesla investor was on board with the extravagant deal.

    Glass Lewis and ISS, two proxy advisory services, urged Tesla shareholders to vote against the proposal, with the latter group citing “unmitigated concerns” with its magnitude and design. Musk then fired back during Tesla’s October earnings call, calling them “corporate terrorists.”

    Meanwhile, Norges Bank Investment Management, the group behind Norway’s $2 trillion sovereign wealth fund which holds a 1.14% stake in Tesla, said it voted against the pay package.

    “While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk — consistent with our views on executive compensation,” the group said in a statement this week.

    Pope Leo XIV, though not a Tesla investor, also recently expressed his concern for the message sent by Musk becoming a trillionaire—and the growing divide between the rich and the poor.

    “CEOs that 60 years ago might have been making four to six times more than what the workers are receiving, the last figure I saw, it’s 600 times more than what average workers are receiving,” the pontiff told Catholic news site Crux in an interview released in September.

    “Yesterday, the news that Elon Musk is going to be the first trillionaire in the world: What does that mean and what’s that about? If that is the only thing that has value anymore, then we’re in big trouble.”

    A recent report from Oxfam found that the 10 richest Americans—which include Musk as well as Oracle cofounder Larry Ellison, Amazon cofounder Jeff Bezos, and Meta CEO Mark Zuckerberg—gained $69.8 billion over the past year. That’s 833,631 times more than what the typical American household takes home. 

    While Musk still trails John D. Rockefeller’s $630 billion inflation-adjusted fortune, hitting his new performance targets could make him the richest person in modern history.

    Preston Fore

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  • Tesla Shareholders Decide Elon Musk Should Be the World’s First Trillionaire

    On Thursday, Tesla shareholders approved CEO Elon Musk’s pay package worth as much as $878 billion, an outcome that was widely expected. Musk received 75% approval in the vote. The compensation plan will hand over that wealth in 12 tranches of stock, provided various milestones are hit over the next decade.

    The vote occurred at Tesla’s annual shareholder’s meeting in Austin, Texas, and the first milestone that would unlock one of Musk’s 12 payments would be Tesla reaching a market cap of $2 trillion. The company’s market cap currently sits at $1.4 trillion.

    Other metrics include delivering 20 million Tesla vehicles, as well as deploying 1 million robotaxis and 1 million humanoid robots. Musk currently holds about 13% of Tesla shares and, if all of the milestones are hit, he would increase his stake to about 25%, according to CNBC.

    There’s a broad consensus that Musk’s association with far-right politics in 2024 and 2025 has harmed Tesla’s brand among the company’s more liberal customer base, but shareholders are still convinced that the electric carmaker would be much worse off if he wasn’t around.

    Musk had threatened to turn his attention elsewhere if he didn’t get his payday, but he’s already distracted by ostensibly running many other companies, including SpaceX, The Boring Company, xAI, and X. Officially, X doesn’t have a CEO right now, but Musk is largely seen as the one in charge and there doesn’t appear to be any real urgency to find a new head to replace Linda Yaccarino, who left in the summer.

    Musk hitched his wagon to President Donald Trump, spending nearly $300 million to get him elected in 2024. Musk was the head of DOGE and took a chainsaw to the federal government, while also throwing up Nazi-style salutes. As a result, many potential Tesla customers were turned off and started placing bumper stickers on their cars like “I bought this before Elon went crazy.” Tesla has seen steep declines in sales across most of Europe, with sales in Norway down 50%, sales in the Netherlands down 48%, and sales in Spain down 30%, according to Bloomberg.

    Musk, the wealthiest man in the world, insisted in the lead up to the vote that he deserved the pay package and it wasn’t actually about the money. The billionaire claimed that he needed the vote from shareholders to have influence over Tesla’s “robot army,” trying to suggest that his developments with the Optimus robot could be dangerous if they fall into the wrong hands. Musk has made similar claims about AI potentially destroying humanity if not guided correctly against what he calls the “woke mind virus.”

    Musk has tried to pivot Tesla in recent years from an electric car company into something much harder to define. The billionaire CEO wants people to think of Tesla as a technology company, investing in AI and robotics, but Musk’s carnival barker attitude often means he promises big things and delivers something much more humble.

    For example, Musk promised to build a mass transit system called the Loop in 2018 which initially included autonomous 16-passenger vehicles zipping around underground at speeds of 155 miles per hour. The concept video, which was originally posted to Vimeo before being deleted years later, was quite impressive.

    But when it came time to actually build the thing Musk had promised, he created a short tunnel underneath Las Vegas. No special new vehicle, no high speed, no autonomy. It was just regular old Teslas slowly driven by humans in a short tunnel.

    Musk loves to create hype when his companies are struggling. And then, when the sugar rush wears off, he moves on to the next thing. What’s the next over-hyped promise? Robots, for sure. But he’s also teasing the idea of a flying car, which he told podcaster Joe Rogan last week could be demonstrated before the end of this year.

    Shareholders voted to give Musk a $56 billion pay package in 2018 that was also dependent on hitting 12 different milestones, including increased market capitalization of $50 billion up to $650 billion. But a judge in Delaware has shot down that compensation plan because it had misleading and incomplete information. That package is still being fought over in the courts. Musk said the judge was a “radical far left activist cosplaying as a judge,” an accusation he often makes of anyone to the left of Augusto Pinochet.

    Elon Musk is worth $492 billion, according to the latest estimates by Forbes. Tesla’s stock closed down 3% to $445 per share on Thursday, but ticked up 3% in after hours trading after the announcement.

    Matt Novak

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  • FACT FOCUS: New York City ballots do not show proof of election fraud

    NEW YORK (AP) — For many years, New York voters have found candidates listed twice, three times or even more on their ballots when they go to the polling booth.

    It isn’t an error — it’s a practice known as fusion voting that allows candidates to appear under multiple political parties.

    But such intentional duplications on the New York City ballot this year, along with other layout choices, have some outside observers around the country wondering whether they are seeing evidence of rigged voting in Tuesday’s widely-watched mayoral race.

    Billionaire X owner Elon Musk, who briefly served as a top advisor to President Donald Trump, was among those criticizing the ballots.

    “The New York City ballot form is a scam!” he wrote in an X post. “No ID is required. Other mayoral candidates appear twice. Cuomo’s name is last in bottom right.”

    But there is nothing amiss about the ballots, which are in keeping with New York’s voting laws.

    Here’s a closer look at the facts.

    CLAIM: New York City ballots are proof of election fraud because some candidates appear twice and former Gov. Andrew Cuomo is listed low in the order.

    THE FACTS: This is false. Candidates may appear more than once on ballots in New York if they are nominated by multiple political parties — a practice called fusion voting. Cuomo is in the eighth spot because he filed to run as an independent later in the process.

    New York, along with Connecticut, is one of few states where fusion voting is legal and commonly used. The practice has existed in New York since at least the mid-20th century. It is also legal in Oregon, Vermont and Mississippi.

    “This occurs pretty frequently and it enables the Democratic candidate to get the votes of people who don’t normally vote for Democrats and Republicans to get the vote of people who don’t vote Republican etc.,” said Richard Briffault, an expert on election administration and a professor at Columbia Law School, said of fusion voting in New York.

    Two mayoral candidates appear twice this year on New York City ballots. Democratic nominee Zohran Mamdani is also the nominee of the Working Families Party, while Republican nominee Curtis Sliwa is also the candidate for the independent “Protect Animals” party.

    Fusion voting does not allow candidates to receive more than one vote from the same voter, as voters may only vote for a candidate under one party.

    Cuomo is a Democrat, but is running as an independent under a new party he created called “Fight and Deliver” after losing the Democratic primary to Mamdani in June.

    Under state law, there are currently four official parties on the ballot in New York — Democratic, Republican, Conservative and Working Families Party — based on the number of votes their candidate received in the most recent gubernatorial and presidential elections. That vote count also determines the order they appear on the next ballot, from highest to lowest.

    Candidates must file a petition to run as an independent. Boards of elections determine the ballot order of independent parties, which must appear below the official parties.

    “In the case of the New York City Board of Elections, this is determined by the date and time stamp when the independent nominating petition was filed with that board,” said Kathleen McGrath, a spokesperson for the New York State Board of Elections.

    According to McGrath, Cuomo’s “Fight and Deliver” party was the fourth out of five independent parties to submit a nominating petition, meaning that Cuomo is listed eighth on the ballot.

    Mamdani is listed first under the Democratic Party and fourth under the Working Families Party. Sliwa appears second under the Republican Party and fifth under the “Protect Animals” party. Two other candidates running as independents — incumbent Mayor Eric Adams and attorney Jim Walden — dropped out of the race too late to be taken off the ballot.

    “In short, Cuomo is only listed once because he was only nominated once, and he is low in the order because no recognized political party nominated him,” said Mark Lindeman, policy and strategy director at Verified Voting. “Surely Elon Musk has people who could have looked this up for him.”

    New York City does not require voters to show ID to vote unless they did not provide identification with their registration. The nation’s multilayered election processes provide many safeguards that keep voter fraud generally detectable and rare, the AP has reported.

    Representatives for Musk did not respond to a request for comment.

    ___

    Find AP Fact Checks here: https://apnews.com/APFactCheck.

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  • Yale Study Quantifies How Much Elon Musk’s Politics Have Cost Tesla

    Tesla’s fading momentum may have less to do with its cars and more with its CEO’s politics. Andrew Harnik/Getty Images

    How did Tesla go from the world’s fastest-growing automaker to a company beleaguered by slowing sales and shrinking market share? According to a team of Yale researchers, the answer lies in the polarizing and partisan behavior of CEO Elon Musk.

    Sure, Tesla has faced headwinds from aging models, rising competition, and a saturated customer base. But an analysis of county-level data shows that its declining demand is also linked to Musk’s increasingly political actions. The study’s authors estimate that Tesla would have sold between 1 million to 1.26 million more cars in recent years without what they call the “Musk partisan effect.”

    During the most recent quarter, Tesla’s profit plunged 37 percent year-over-year. Revenue fell for two consecutive quarters this year. (The most recent quarter saw a rebound thanks to tax credits-fueled buying rush.)

    The Yale researchers argue that much of Tesla’s decline stems from the alienation of its traditional consumer base. Drawing on vehicle registration data from S&P Global and county-level voting records, they found that Tesla’s customer base has long leaned Democratic and environmentally conscious.

    That began to change in 2022, when Musk acquired X and rolled back content moderation policies. The shift deepened amid his involvement in the 2024 U.S. presidential election and his subsequent appointment as head of the Trump administration’s Department of Government Efficiency (DOGE). “Musk’s actions antagonized his most loyal customer base,” the authors wrote.

    The trend has only grown more pronounced. Between October 2022 and April 2025, Musk’s partisan behavior caused Tesla to lose between 67 percent and 83 percent of its potential car sales, according to the study. In the first quarter of 2025 alone, that figure jumped to 150 percent.

    Musk himself has acknowledged the backlash. During an April earnings call, he said his DOGE role had led to “blowback” and announced plans to scale back his time with the agency to refocus on Tesla.

    The fallout hasn’t even benefited Tesla’s competitors. The study found that, absent Musk’s partisan behavior, sales of other EV and hybrid models would have been 17 to 22 percent lower over the past three years and 25 percent lower in early 2025, suggesting his actions helped rival automakers.

    Musk’s controversies have also had unintended policy consequences, the researchers noted. In California, which aims for zero-emission vehicles to make up 25 percent of new sales by 2026, 68 percent by 2030, and 100 percent by 2035, progress has stalled. The study estimates that without Musk’s partisan impact, California would have added 139,700 more EV sales in the first quarter of 2025. The reality is that California fell short by 28,000 vehicles in that quarter to stay on track.

    This study highlights just how impactful a CEO’s partisan actions can be,” the authors concluded.

    Yale Study Quantifies How Much Elon Musk’s Politics Have Cost Tesla

    Alexandra Tremayne-Pengelly

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  • Big Tesla investor will vote against Musk’s massive pay package

    Norway’s sovereign wealth fund, one of Tesla’s biggest investors, said Tuesday that it will vote against a proposed compensation package that could pay CEO Elon Musk as much as $1 trillion over a decade.

    There will be more than a dozen company proposals up for a vote Thursday during Tesla’s annual meeting, but none have generated more division than Musk’s potentially massive pay package.

    “While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk consistent with our views on executive compensation,” said Norges Bank Investment Management, which manages the country’s Government Pension Fund Global. “We will continue to seek constructive dialogue with Tesla on this and other topics.”

    The fund has a 1.16% stake, the sixth largest holding among institutional investors.

    Baron Capital Management, which holds about 0.4% of Tesla’s outstanding shares said Monday that it will vote in favor of the compensation package.

    “Elon is the ultimate “key man” of key man risk. Without his relentless drive and uncompromising standards, there would be no Tesla,” wrote founder Ron Baron. “He has built one of the most important companies in the world. He’s redefining transportation, energy and humanoid robotics and creating lasting value for shareholders while doing it. His interests are completely aligned with investors.”

    Musk is the company’s largest investor, holding 15.79% of all outstanding shares.

    Tesla management has proposed a compensation arrangement that would hand Musk shares worth as much as 12% of the company in a dozen separate packages if the company meets ambitious performance targets, including massive increases in car production, share price and operating profit.

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  • Trump once again nominates tech space traveler Jared Isaacman to serve as NASA administrator

    President Donald Trump announced Tuesday he has decided to nominate Jared Isaacman to serve as his NASA administrator, months after withdrawing the tech billionaire’s nomination because of concerns about his political leanings.Trump announced in late May that he had decided to withdraw Isaacman after a “thorough review” of his “prior associations.” Weeks after the withdrawal, Trump went further in expressing his concerns about Isaacman’s Republican credentials.At the time, Trump acknowledged that he thought Isaacman “was very good,” but had become “surprised to learn” that Isaacman was a “ blue blooded Democrat, who had never contributed to a Republican before.”Isaacman had the endorsement of Trump’s former DOGE adviser and tech entrepreneur Elon Musk. The president and Musk had a very public falling out earlier this year but are now on better terms.Last week, Trump told reporters he and Musk have spoken “on and off” since sitting together at conservative activist Charlie Kirk’s funeral last month in Arizona and that their relationship is “good.”Trump made no mention of his previous decision to nominate and then withdraw Isaacman in his Tuesday evening announcement of the re-nomination on his Truth Social platform. And the White House did not immediately respond to a request for comment on Trump’s decision to reverse course.“This evening, I am pleased to nominate Jared Isaacman, an accomplished business leader, philanthropist, pilot, and astronaut, as Administrator of NASA,” Trump posted. “Jared’s passion for Space, astronaut experience, and dedication to pushing the boundaries of exploration, unlocking the mysteries of the universe, and advancing the new Space economy, make him ideally suited to lead NASA into a bold new Era.”Transportation Secretary Sean Duffy has been serving as interim NASA administrator. The president on Tuesday praised Duffy for doing an “incredible job.”Isaacman, CEO and founder of credit card-processing company Shift4, has been a close collaborator with Musk ever since buying his first chartered flight with SpaceX.He also bought a series of spaceflights from SpaceX and conducted the first private spacewalk. SpaceX has extensive contracts with NASA.The Senate Commerce, Science and Transportation Committee approved Isaacman’s nomination in late April and a vote by the full Senate had been expected when Trump announced he was yanking the nomination.In his own social media post Tuesday, Isaacman thanked Trump for the nomination and the “space-loving community.” He made no mention of the earlier turmoil.

    President Donald Trump announced Tuesday he has decided to nominate Jared Isaacman to serve as his NASA administrator, months after withdrawing the tech billionaire’s nomination because of concerns about his political leanings.

    Trump announced in late May that he had decided to withdraw Isaacman after a “thorough review” of his “prior associations.” Weeks after the withdrawal, Trump went further in expressing his concerns about Isaacman’s Republican credentials.

    At the time, Trump acknowledged that he thought Isaacman “was very good,” but had become “surprised to learn” that Isaacman was a “ blue blooded Democrat, who had never contributed to a Republican before.”

    Isaacman had the endorsement of Trump’s former DOGE adviser and tech entrepreneur Elon Musk. The president and Musk had a very public falling out earlier this year but are now on better terms.

    Last week, Trump told reporters he and Musk have spoken “on and off” since sitting together at conservative activist Charlie Kirk’s funeral last month in Arizona and that their relationship is “good.”

    Trump made no mention of his previous decision to nominate and then withdraw Isaacman in his Tuesday evening announcement of the re-nomination on his Truth Social platform. And the White House did not immediately respond to a request for comment on Trump’s decision to reverse course.

    “This evening, I am pleased to nominate Jared Isaacman, an accomplished business leader, philanthropist, pilot, and astronaut, as Administrator of NASA,” Trump posted. “Jared’s passion for Space, astronaut experience, and dedication to pushing the boundaries of exploration, unlocking the mysteries of the universe, and advancing the new Space economy, make him ideally suited to lead NASA into a bold new Era.”

    Transportation Secretary Sean Duffy has been serving as interim NASA administrator. The president on Tuesday praised Duffy for doing an “incredible job.”

    Isaacman, CEO and founder of credit card-processing company Shift4, has been a close collaborator with Musk ever since buying his first chartered flight with SpaceX.

    He also bought a series of spaceflights from SpaceX and conducted the first private spacewalk. SpaceX has extensive contracts with NASA.

    The Senate Commerce, Science and Transportation Committee approved Isaacman’s nomination in late April and a vote by the full Senate had been expected when Trump announced he was yanking the nomination.

    In his own social media post Tuesday, Isaacman thanked Trump for the nomination and the “space-loving community.” He made no mention of the earlier turmoil.

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  • Tesla investors set to vote on Elon Musk’s proposed $1 trillion pay package

    Tesla shareholders are voting this week on whether to award CEO Elon Musk a new pay package potentially worth up to $1 trillion over a decade, with some prominent investors in the electric car maker criticizing the compensation plan. 

    Norway’s sovereign wealth fund, which holds a stake in Tesla, on Tuesday said it would vote against the pay package.

    “While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution and lack of mitigation of key person risk consistent with our views on executive compensation,” said Norges Bank Investment Management, which manages the country’s government pension fund. 

    The fund has a 1.16% stake in Tesla, the sixth-largest holding among institutional investors.

    Another investor, Baron Capital Management, said Monday that it would vote in favor of the package.

    Musk “has built one of the most important companies in the world,” wrote Ron Baron, founder of the asset management firm. “He’s redefining transportation, energy and humanoid robotics and creating lasting value for shareholders while doing it. His interests are completely aligned with investors.”

    Musk is the world’s richest person, with Bloomberg estimating his wealth at $477 billion. 

    Tesla’s board of directors introduced the proposed pay package in early September. Musk, who controls nearly 16% of Tesla’s outstanding shares, would also receive more voting power under the plan. In a Sept. 5 regulatory filing, the board described the proposed compensation package as an “ambitious plan to retain and incentivize Mr. Musk through the issuance of a highly customized, performance-based restricted stock award.” 

    Tesla would be required to hit certain financial and operational milestones for Musk to earn the full pay package. Those include the company reaching a market capitalization of at least $8.5 trillion; delivering 20 million vehicles; producing 1 million self-driving “robotaxis”; and manufacturing 1 million of the company’s humanoid robots, dubbed Optimus, which are currently under development.

    Robyn Denholm, chairperson of the Tesla board, warned investors last week that Musk could leave the company if shareholders reject the enhanced pay proposal. 

    “If we fail to foster an environment that motivates Elon to achieve great things through an equitable pay-for-performance plan, we run the risk that he gives up his executive position, and Tesla may lose his time, talent and vision, which have been essential to delivering extraordinary shareholder returns,” Denholm wrote in a letter to shareholders posted on social media.

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  • Elon Musk’s Solution to Data Centers: Just Put Them in Space

    Elon Musk claimed on October 31 that SpaceX will be sending data centers into space. He responded to a post on X from journalist Eric Berger about the viability of the concept.

    “Simply scaling up Starlink V3 satellites, which have high speed laser links would work,” he wrote on X. “SpaceX will be doing this.” 

    As AI tools proliferate, so does demand for quick outputs. But it takes significant energy for AI models to function at the speed and quality that we want it to—both AI training and inference rely on data centers. The data centers that host the GPUs powering these functions are expanding, and with it the amount of electricity needed to operate and cool them. 

    The environmental impact of new technology is increasingly an issue. So why not just move those data centers to space?

    Musk says that SpaceX’s satellites could incorporate the computing power for data centers. The company’s Starlink satellites currently provide global broadband internet service, orbiting at 550 km from Earth. They’re closer than other satellites, meaning latency is much lower at around 25 milliseconds compared to over 600 ms. 

    The company’s upcoming V3 satellites are designed to provide gigabit-class internet speeds and could reportedly weigh up to 4,409 pounds. Musk says they could be made even larger to host the data centers. 

    Still, they need Starship, SpaceX’s enormous rocket, for launch. Starship has had an explosion-filled history but recently had a good launch (its eleventh) in October.

    Startup Starcloud is also on a mission to send data centers into space. The Redmond, Washington-based company is about to launch its Starcloud-1 satellite, carrying NVIDIA’s H100 GPU. It’s expected to offer 100 times more powerful GPU computing than any other space-based operation. 

    The company hopes it’s a step toward its goal of building five-gigawatt orbital data centers around 2.5 miles wide.

    “The only environmental cost is the launch,” said Philip Johnston, Starcloud CEO. “After that, we could save 10 times the carbon emissions compared with running data centers on Earth.” 

    Ava Levinson

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  • WIRED Roundup: Alpha School, Grokipedia, and Real Estate AI Videos

    The thing that gets me, and I’m really curious about your take on this, Brian, as someone with children, that the guides these people that were brought in, they were actually in the room with students helping them with any technological glitches or settling anything that’s happening in the real world. While some had experience as educators, others did not, and not only that, Alpha actually had often targeted individuals without teaching backgrounds, going instead for folks that were in the entrepreneurship space, because nothing screams early childhood education like Series A funding. I’m so confused as to what the entire point of this is.

    Brian Barrett: It feels reductive, right? It is the idea that school is about grades and grades are about numbers and coding is all that matters. When obviously school is about learning to interact with people, it is a social thing as much as it is a numbers thing. I think too, how do you quantify and nextify art class and finger painting and all the other things that are good for social development, good for mental development that aren’t crunching numbers. And it just feels like that’s not part of the calculus here, which is a shame.

    Leah Feiger: And we didn’t even get into a core WIRED area of interest, which is surveillance issues. These kids are being surveilled.

    Brian Barrett: Yeah. There was a report that our reporter, Todd found that there was eye tracking software involved in this. Again, for some parents, I am sure that this is great, and again, Alpha School has a lot of parents who say, “Yes, this is what we want.” They’ve got a lot of great reviews, a lot of glowing press. What we found in Brownsville was not that.

    Leah Feiger: And as that last little surveillance anecdote, there’s one piece of reporting that Todd shared that really freaked me out of this one student who at home received a notification that she’d been flagged for an anti-pattern or a distraction by the Alpha system while she was working on her schoolwork. It turns out she says that Alpha system sent a video of her in her pajamas, taken from the computer’s webcam that showed her talking to her younger sister. Again, she’s at home. This doesn’t end the minute that they leave the classroom either. This is so beyond. And I’m sure there’s the case that everyone’s making, oh, they’re collecting data. This is a holistic experience. That’s still creepy to me.

    Brian Barrett, Leah Feiger

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  • Elon Musk Wants to Block Out the Sun

    Earth’s average temperature is nearing critical thresholds as the international community lags behind its emissions goals. As a result, bold technological strategies to cool the planet have gained attention in recent years, and now, Elon Musk is weighing in.

    Early Monday morning, Musk took to X to share his two cents on how to address the climate crisis. He claimed that using satellites for solar radiation management (SRM)—a theoretical geoengineering technique that would allow humans to control the amount of sunlight reaching Earth—would be an effective solution.

    “A large solar-powered AI satellite constellation would be able to prevent global warming by making tiny adjustments in how much solar energy reached Earth,” Musk wrote.

    When asked how this would ensure precise, equitable adjustments to solar energy across the planet—while also accounting for seasonal variations and potential geopolitical conflicts over control—Musk replied: “Yes. It would only take tiny adjustments to prevent global warming or global cooling for that matter. Earth has been a snowball [many] times in the past.”

    So, it would appear he doesn’t quite have all the answers. That said, it’s certainly notable that the wealthiest man on Earth and the CEO of the world’s largest satellite company, is advocating for space-based SRM. Experts warn, however, that this strategy is both highly unrealistic and dangerous.

    Is SpaceX eyeing a new orbital venture?

    Musk isn’t the only entrepreneur interested in blocking out the Sun. A growing number of companies are exploring different approaches to SRM, from using atmospheric aerosols to mimic the sunlight-blocking effects of volcanic eruptions to launching thousands of mirrors into orbit.

    While some of these companies have raised significant capital and have set ambitious near-term targets for development and testing, none are anywhere close to deploying their technology at scale. If Musk’s SpaceX wades into this burgeoning industry, these startups will suddenly find a very big fish in their very small pond.

    But to be clear, Musk has not shared any plans for SpaceX to develop SRM-capable satellites. And even with the company’s billion-dollar valuation and the enormous Starlink constellation it has already deployed, doing so would be far easier said than done.

    Could Musk actually do it?

    The first hurdle SpaceX would face is a pivot away from producing Starlink communications satellites to developing the artificially intelligent, solar-powered, SRM-capable satellites Musk described. And no, the nearly 9,000 operational Starlinks currently in orbit could not be adapted for this purpose. Alternatively, SpaceX could launch an entirely new satellite division devoted to this geoengineering project while simultaneously managing Starlink.

    While Musk did not share specifics on how these satellites would work, they would likely be equipped with mirrors or sunshades that come together in formation to create a gigantic, manipulatable barrier between Earth and the Sun. When we say gigantic—we really mean it.

    Scientists don’t know exactly how many SRM satellites it would take to make a meaningful difference in Earth’s average temperature, but estimates range so high that many experts consider this solution infeasible. The cost of deployment alone would likely prove insurmountable even for Musk, with estimates in the multi-trillion-dollar range.

    Even if Musk could make this happen, that doesn’t mean he should. Experts have long warned of the potential consequences of space-based SRM, which could trigger major, unintended changes in Earth’s climate, the day-night cycle, biodiversity, geopolitical tensions, and more.

    Avoiding these consequences—and actually mitigating global warming—would require unprecedented technological control and international governance over the largest and most impactful satellite constellation ever deployed.

    Needless to say, it’s not happening anytime soon. Still, Musk’s growing interest in this technology will undoubtedly attract attention to this nascent industry, potentially fueling innovation and debate over how geoengineering can and should go.

    Ellyn Lapointe

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  • You Need to Check Your Company’s Page on Grokipedia Right Now

    Elon Musk’s answer to Wikipedia recently launched—and the rollout has been anything but smooth. Grokipedia had only been live for 47 minutes before it crashed. Once those problems were fixed, though, a growing number of people began noticing errors in the site’s entries. And that could serve as a warning to business leaders to read their company’s entry particularly closely.

    Grokipedia is different from Wikipedia in that all of the 885,000-plus articles were written by Musk’s Grok AI, not humans. And AI—whether it’s Grok, ChatGPT or Perplexity—sometimes plays fast and loose with the truth. For companies, that can cause all manner of problems, since 92 percent of people don’t check the veracity of AI answers.

    Wikipedia, Grokipedia’s inspiration and arch-rival, allows anyone to edit content, but community-driven policies strive to ensure the site’s accuracy. Human editors monitor changes and correct errors, though the site is far from perfect

    Several individuals have looked up their Grokipedia pages and found factual errors. Science fiction writer John Scalzi ran a spot check on the article about him soon after Grokipedia’s launch. Quickly, he noticed that it incorrectly listed his birth order in relation to his siblings as well as the publishing order of his books. The site also stated as fact an internet rumor that Steven Spielberg was directing an upcoming film adaptation of his story Old Man’s War. (Spielberg is not, something Scalzi has said repeatedly.)

    “Grok can find out things about me on the Internet, and put those things into Grokipedia, but it doesn’t appear to have the ability to discriminate between what is truth and what’s not,” he wrote. “If it shows up enough on the Internet, Grok’s happy to print the not truth. … I can’t trust it to be accurate about me, so how can I trust it to be accurate about any other thing? The answer is, I can’t. “

    Canadian software developer Tim Bray, who co-founded several companies, including Antarctica Systems and Open Text Corp., also did a spot check of his Grokipedia page and found it lacking.

    “Every paragraph contains significant errors,” he wrote. “Sometimes the text is explicitly self-contradictory on the face of it, sometimes the mistakes are subtle enough that only I would spot them.”

    Even the entry about Elon Musk has errors, it turns out. Grokipedia says that after Musk left the Department of Government Efficiency, Vivek Ramaswamy took on “a more prominent role” at the agency. In actuality, Ramaswamy quit DOGE in January before the agency even got started.

    A quick scan of Inc.’s Grokipedia page revealed some errors, as well. It listed one employee as being on staff since 1983. (He left 10 years ago.) But Musk’s site also fixed at least one error from Wikipedia (about the nature of Inc.’s National Magazine Award in 2014).

    Correcting errors

    Grokipedia, initially, seemed to have no way for people to change article pages. It still doesn’t, at least not directly, but the site has added a “Suggest Edit” button, which can be accessed by highlighting an erroneous passage and right clicking on it. (There have also been accusations that much of Grokipedia’s content seems to be drawn from Wikipedia, so it’s worth checking that site. If the errors are repeated there, you can correct them quickly, and then hope Grokipedia adjusts its page subsequently.) 

    Companies that have issues with how their business is presented on the site can lodge complaints and ask for corrections, but it’s unclear how fast the turnaround time is – and there doesn’t appear to be any way to confirm suggested changes are being considered.

    Beyond factual errors, this new AI encyclopedia, as you may have heard, seems to have an ideological bias that some say embraces the right, but in many instances appears to parrot Musk’s own philosophies. (The site was originally scheduled to launch Oct. 20, but was delayed, Musk said, because “We need to do more work to purge out the propaganda.”)

    Grokipedia assigns a perceived political bias to many people, sites and businesses (including Nike, Procter & Gamble and Disney). It says, on its page about race and intelligence, that science says some races are more intelligent than others. And it describes George Floyd primarily as “an American man with a lengthy criminal record.” The site also deadnames and misgenders transgender people regularly.

    Despite its many reported problems and the reputational damage it can do to people and businesses, Musk seems proud of his creation. “Version 1.0 will be 10X better, but even at 0.1 it’s better than Wikipedia imo,” he wrote following the site’s launch.

    Chris Morris

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  • Who is Zico Kolter? A professor leads OpenAI safety panel with power to halt unsafe AI releases

    If you believe artificial intelligence poses grave risks to humanity, then a professor at Carnegie Mellon University has one of the most important roles in the tech industry right now.

    Zico Kolter leads a 4-person panel at OpenAI that has the authority to halt the ChatGPT maker’s release of new AI systems if it finds them unsafe. That could be technology so powerful that an evildoer could use it to make weapons of mass destruction. It could also be a new chatbot so poorly designed that it will hurt people’s mental health.

    “Very much we’re not just talking about existential concerns here,” Kolter said in an interview with The Associated Press. “We’re talking about the entire swath of safety and security issues and critical topics that come up when we start talking about these very widely used AI systems.”

    OpenAI tapped the computer scientist to be chair of its Safety and Security Committee more than a year ago, but the position took on heightened significance last week when California and Delaware regulators made Kolter’s oversight a key part of their agreements to allow OpenAI to form a new business structure to more easily raise capital and make a profit.

    Safety has been central to OpenAI’s mission since it was founded as a nonprofit research laboratory a decade ago with a goal of building better-than-human AI that benefits humanity. But after its release of ChatGPT sparked a global AI commercial boom, the company has been accused of rushing products to market before they were fully safe in order to stay at the front of the race. Internal divisions that led to the temporary ouster of CEO Sam Altman in 2023 brought those concerns that it had strayed from its mission to a wider audience.

    The San Francisco-based organization faced pushback — including a lawsuit from co-founder Elon Musk — when it began steps to convert itself into a more traditional for-profit company to continue advancing its technology.

    Agreements announced last week by OpenAI along with California Attorney General Rob Bonta and Delaware Attorney General Kathy Jennings aimed to assuage some of those concerns.

    At the heart of the formal commitments is a promise that decisions about safety and security must come before financial considerations as OpenAI forms a new public benefit corporation that is technically under the control of its nonprofit OpenAI Foundation.

    Kolter will be a member of the nonprofit’s board but not on the for-profit board. But he will have “full observation rights” to attend all for-profit board meetings and have access to information it gets about AI safety decisions, according to Bonta’s memorandum of understanding with OpenAI. Kolter is the only person, besides Bonta, named in the lengthy document.

    Kolter said the agreements largely confirm that his safety committee, formed last year, will retain the authorities it already had. The other three members also sit on the OpenAI board — one of them is former U.S. Army General Paul Nakasone, who was commander of the U.S. Cyber Command. Altman stepped down from the safety panel last year in a move seen as giving it more independence.

    “We have the ability to do things like request delays of model releases until certain mitigations are met,” Kolter said. He declined to say if the safety panel has ever had to halt or mitigate a release, citing the confidentiality of its proceedings.

    Kolter said there will be a variety of concerns about AI agents to consider in the coming months and years, from cybersecurity – “Could an agent that encounters some malicious text on the internet accidentally exfiltrate data?” – to security concerns surrounding AI model weights, which are numerical values that influence how an AI system performs.

    “But there’s also topics that are either emerging or really specific to this new class of AI model that have no real analogues in traditional security,” he said. “Do models enable malicious users to have much higher capabilities when it comes to things like designing bioweapons or performing malicious cyberattacks?”

    “And then finally, there’s just the impact of AI models on people,” he said. “The impact to people’s mental health, the effects of people interacting with these models and what that can cause. All of these things, I think, need to be addressed from a safety standpoint.”

    OpenAI has already faced criticism this year about the behavior of its flagship chatbot, including a wrongful-death lawsuit from California parents whose teenage son killed himself in April after lengthy interactions with ChatGPT.

    Kolter, director of Carnegie Mellon’s machine learning department, began studying AI as a Georgetown University freshman in the early 2000s, long before it was fashionable.

    “When I started working in machine learning, this was an esoteric, niche area,” he said. “We called it machine learning because no one wanted to use the term AI because AI was this old-time field that had overpromised and underdelivered.”

    Kolter, 42, has been following OpenAI for years and was close enough to its founders that he attended its launch party at an AI conference in 2015. Still, he didn’t expect how rapidly AI would advance.

    “I think very few people, even people working in machine learning deeply, really anticipated the current state we are in, the explosion of capabilities, the explosion of risks that are emerging right now,” he said.

    AI safety advocates will be closely watching OpenAI’s restructuring and Kolter’s work. One of the company’s sharpest critics says he’s “cautiously optimistic,” particularly if Kolter’s group “is actually able to hire staff and play a robust role.”

    “I think he has the sort of background that makes sense for this role. He seems like a good choice to be running this,” said Nathan Calvin, general counsel at the small AI policy nonprofit Encode. Calvin, who OpenAI targeted with a subpoena at his home as part of its fact-finding to defend against the Musk lawsuit, said he wants OpenAI to stay true to its original mission.

    “Some of these commitments could be a really big deal if the board members take them seriously,” Calvin said. “They also could just be the words on paper and pretty divorced from anything that actually happens. I think we don’t know which one of those we’re in yet.”

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  • Elon Musk teases a flying car on Joe Rogan’s show

    Elon Musk has told Joe Rogan that he hopes to unveil a flying car “before the end of the year.” As Gizmodo has reported, Rogan asked Musk about about the long-delayed second-gen Tesla Roadster in his show, when the Tesla CEO suddenly started talking about wanting the vehicle to fly. If you’ll recall, Tesla unveiled a new Roadster in 2017 and had plans to start deliveries in 2020, but its production got delayed again and again. OpenAI CEO Sam Altman recently tweeted that he’d been having difficulties getting a refund on the $50,000 deposit he made for one way back in 2018. But instead of talking in depth about Roadster’s status, Musk talked about getting close to an “unforgettable” product demo of a prototype instead.

    He was giving Rogan vague answers in the interview, but he eventually said: “Well, you know, my friend Peter Thiel, once reflected that the future was supposed to have flying cars, but we don’t have flying cars. I mean, I think if Peter wants a flying car, we should be able to buy one” He didn’t want to divulge all the details in the show, but he claimed that the vehicle Tesla is supposedly working on contains “crazy, crazy technology.” Musk said he wasn’t sure it’s a car but that “it loos like a car.” He didn’t answer when Rogan asked if it had “retractable wings” or mentioned if the vehicle would be VTOL, or a Vertical Take-off and Landing, aircraft.

    Musk has been talking about developing flying cars as early as 2014, as Gizmodo notes. However, take note that the CEO is rather infamous for being overly optimistic and ambitious with his timelines, not just for the automaker but also for his other companies like SpaceX. Take for example, the aforementioned Roadster, which is yet to go into production, and the SpaceX Falcon Heavy whose first launch didn’t happen until five years later than he predicted. That said, it’s also possible for Tesla to unveil a prototype that would still have to go through massive changes and improvements if and when it becomes ready for production.

    Mariella Moon

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  • Elon Musk Tells Joe Rogan That He Will Demo a Flying Car by End of Year

    Billionaire oligarch Elon Musk appeared on the latest episode of Joe Rogan’s podcast on Friday. And while much of the conversation covered topics we’ve heard before, Musk decided to drop some news about something he wants to demo by the end of the year: a flying car.

    Stop us if you’ve heard this one before—from Musk himself, no less, who has been talking about making a flying car since at least 2014.

    Musk’s flying car dreams came up in the context of Tesla’s Roadster, a car that was originally produced from 2008 to 2012. The second-generation Roadster has been promised by Musk for years, but he’s always failed to deliver since the original target date of 2020. When Rogan asked the Tesla CEO about the Roadster’s status, Musk slowly made it clear that he wants it to fly. But it took him some time during the conversation to actually reveal what he was talking about.

    “We’re getting close to….” Musk said with a long pause, “…demonstrating the prototype. One thing I can guarantee is that this product demo will be unforgettable. Unforgettable.”

    Rogan didn’t quite understand because Musk hadn’t revealed that he was referring to a flying car. The podcaster asked him how it would be unforgettable. Musk replied with a laugh, “Whether it’s good or bad, it will be unforgettable.” Rogan was still confused, asking Musk to explain.

    “Well, you know, my friend Peter Thiel, once reflected that the future was supposed to have flying cars, but we don’t have flying cars,” said Musk, finally giving a hint.

    Thiel, the cofounder of Palantir and Musk’s old friend from his days at PayPal, is another far-right billionaire who spends his days talking about the Antichrist in the most sweaty manner possible. Rogan couldn’t quite understand what Musk was saying and pressed him further, to which Musk replied, “I mean, I think if Peter wants a flying car, we should be able to buy one.”

    Rogan asked Musk if the vehicle would have a “retractable wing,” imploring him to elaborate further. Musk replied that he “can’t do the unveil before the unveil,” but said that he thinks, “it has a shot at being the most memorable product unveil ever.” The billionaire said he hoped to unveil it “before the end of the year,” putting an emphasis on hopefully.

    None of this should be a surprise for anyone who’s followed Musk over the past decade. He often likes to roll out prototypes and ideas long before they’re ready to deliver. That doesn’t mean you’ll actually see those things in the form they were promised.

    Remember Musk’s idea for the Hyperloop? Or the more modest Loop system, which was supposed to be a 155-mile-per-hour autonomous mass transit system? It was going to be able to carry 16 people at a time, zipping around in tunnels underneath cities. When it came time for Musk to deliver, he built a tunnel in Las Vegas where human drivers ferry around people in regular Tesla vehicles at slow speeds.

    Which is to say that Musk might very well hold a demo of a flying car soon, though a prototype isn’t the same thing as a product that hits the market. Musk also unveiled an autonomous two-seater Cybercab over a year ago, and there are no indications that it will be released anytime soon. The Robotaxis, on the other hand (regular Tesla vehicles that drive “autonomously” with a safety driver in the passenger seat), are already shuttling people around in Texas.

    There’s also the issue that confronts every flying car inventor of the past century: Since flying is much more difficult and dangerous than driving, how large is the market for something like this? Any aircraft that carries passengers in the U.S. needs to be flown by someone with a pilot’s license. Unless, of course, it’s an autonomous flying vehicle. And that presents its own logistical challenges, such as coordinating air traffic.

    The full episode, which is available on YouTube, includes the broader conversation, but Musk definitely hedged on the timing of his flying Roadster while talking with Rogan.

    “You know, we need to make sure that it works,” said Musk. “Like this is some crazy, crazy technology we got in this car. Crazy… technology. Crazy crazy.”

    Rogan asked him if it was different than what was previously announced for the Roadster, which Musk confirmed.

    “It has crazy technology. Like, is it even a car? I’m not sure. It looks like a car,” said Musk. “Let’s just put it this way. It’s crazier than anything James Bond… if you took all the James Bond cars and combined them, it’s crazier than that.”

    It’s interesting that Musk is giving hints that it might not be a “car.” It’s entirely possible that this means he’s developing a vertical take-off and landing vehicle (VTOL), which typically doesn’t drive on the road, but can still shuttle passengers. Many VTOL promises of the past decade have grabbed headlines as “flying cars,” even though they don’t actually drive on the road at all and function much more like helicopters.

    Rogan was stunned, saying that he didn’t know what to think because he was only getting a “limited amount of information.” Musk, clearly sensing skepticism, told Rogan that if he wanted to see it before the unveiling, he would show it to him.

    Are we going to see a flying car soon? It sounds like it. But we’ve had functioning flying cars since at least the 1950s. Are we going to see something that will be more than just a flashy distraction from the fact that Tesla vehicle sales are in the toilet ever since Musk aligned himself with President Donald Trump and made those two Nazi-style salutes? That part remains to be seen.

    Matt Novak

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  • Elon Musk Wades Into the Debate Over Robotaxis Killing Cats. Guess Which Side He’s On

    In between trying to become the world’s first trillionaire, expanding his defense contracting business, fighting the “woke mind virus,” feuding with Sam Altman, and overseeing half a dozen tech companies, Elon Musk has somehow found the time to wade into the debate over whether it’s good or bad that a rogue Waymo robotaxi (by the company’s own admission) seems to have run over and killed a beloved bodega cat in San Francisco.

    In case you somehow missed it, a cat was run over earlier this week, leading to ongoing anger against the reputed culprit (Waymo). The feline, whose name was KitKat—but who also went by the moniker “the mayor of 16th street”—was a longtime staple of Randa’s Market in the city’s Mission neighborhood. KitKat’s owner, Mike Zeidan, told The San Francisco Standard that his pet was hit by a robotaxi late Monday night. “Honestly, man, it’s difficult,” Zeidan said. “He was a one-of-a-kind cat. He brought joy to so many people. People loved him.”

    Waymo seems to have admitted that its vehicle did, indeed, run over KitKat. “We reviewed this, and while our vehicle was stopped to pick up passengers, a nearby cat darted under our vehicle as it was pulling away,” a company spokesperson told Gizmodo. “We send our deepest sympathies to the cat’s owner and the community who knew and loved him.”

    On Friday, as a means of adding his two cents, Musk retweeted an account that had defended driverless cars as being a savior, not a killer, of neighborhood pets. “5.4 million cats are hit by cars every year in the U.S., and 97 percent of those cats die from their injuries,” @WholeMarsBlog wrote. “Autonomy will dramatically reduce that number.”

    “True, many pets will be saved by autonomy,” Musk commented.

    It’s great that Elon could take time out of his busy schedule to participate in the discourse around KitKat. Big picture, Musk is launching a robotaxi service, so we all know which dog he has in this fight. But the truth of the matter is, we don’t really know if autonomous cars would reduce the number of feline deaths.

    One of the primary selling points for robotaxis has been that human drivers are notorious for running into things, crashing, and otherwise causing dangerous mayhem on America’s roadways. And it’s true that human drivers can be absurdly dangerous. That said, the jury is still out on whether robotaxis are actually that much safer than human drivers. Speed is a factor in a significant portion of traffic fatalities, and robotaxis have so far steered clear of those speeds. At the same time, there’s also the fact that, whether robotaxis are safer or not, part of living in a free society involves accepting a certain amount of risk attached to that freedom. Currently, anyone can get into a car and drive it where they want to go, regardless of what the software in the car is programmed to do. That won’t necessarily be the case in a world governed by robotaxis.

    Lucas Ropek

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