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News on Medial
Elon Musk’s reputation is falling — and it’s taking Tesla with it
The Verge
·
1y ago
Medial
Elon Musk's controversial behavior is likely contributing to the declining sales of Tesla, according to reputation tracking firm Caliber. Data shows that Tesla's consideration score, indicating consumer interest in the brand, has fallen to 31% from its high of 70% in November 2021. Meanwhile, consideration scores for competing EV manufacturers Audi, BMW, and Mercedes have increased slightly. Another study found that 42% of US consumers view Musk unfavorably, with his conduct facing scrutiny and controversies. While Musk's behavior is likely a factor, Tesla also faces challenges such as manufacturing delays and increasing competition from other EV providers.
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What’s the point of Elon Musk’s AI company?
The Verge
·
1y ago
Medial
xAI, Elon Musk's AI company, seems to lack a clear purpose and unique features in the crowded generative AI space. With its only product, Grok, not significantly outperforming free chatbot offerings from competitors, and no standalone interface, xAI heavily relies on Musk's involvement in various companies to attract investors. It also raises concerns about accessing valuable data from Tesla without sufficient ownership. In a market saturated with general AI companies, it remains to be seen if there is enough interest and appetite for funding xAI. The article questions Musk's need for external funding and highlights his recent reputation as a top signal in the investment world. Overall, the article raises doubts about the viability and value proposition of xAI.
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Musk’s xAI has discussed deal for share in future Tesla revenue
Livemint
·
11m ago
Medial
Tesla is considering a deal with Elon Musk's AI startup, xAI, which would provide the carmaker with access to xAI's technology and resources in exchange for a share of Tesla's revenue. The proposed arrangement would involve Tesla licensing xAI's AI models to enhance its driver-assistance software, as well as collaborating on developing features like a voice assistant and a humanoid robot. The terms of the revenue-sharing agreement would depend on how extensively Tesla uses xAI's technology. This partnership would further demonstrate Musk's practice of sharing assets across his businesses, taking into consideration potential conflicts of interest.
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Elon Musk’s introduction to politics | TechCrunch
TechCrunch
·
2m ago
Medial
Elon Musk has become heavily involved in politics, aligning with Republicans to address government waste. However, he is frustrated with a new Congressional bill that impacts Tesla adversely, describing it as a "disgusting abomination." The bill proposes ending the EV tax credit in 2026 and restricts solar tax credits, threatening Tesla's energy and automotive divisions. Musk's alignment with politics hasn't shielded Tesla from policies affecting clean energy and electric vehicles.
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Musk says Tesla is boosting engineer pay in AI talent war
Livemint
·
1y ago
Medial
Tesla is reportedly increasing salaries for its AI engineers to prevent them from being poached by OpenAI. CEO Elon Musk acknowledged that OpenAI has been aggressively recruiting Tesla engineers with lucrative offers and has succeeded in some cases. Musk referred to it as the "craziest talent war" he has ever seen. This comes as a response to reports of a Tesla machine-learning scientist leaving to join Musk's AI startup, xAI. Musk had initially supported OpenAI but has since had a falling-out with the company.
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The case against Elon Musk’s $46 billion pay deal
Livemint
·
1y ago
Medial
The upcoming annual general meeting at Tesla will see a vote on Elon Musk's controversial $46 billion pay deal. Critics argue that the deal is disproportionate, being nearly 300 times higher than the salary of America's highest-paid CEO. Furthermore, it is more than double Tesla's cumulative free cash flows and represents about 8% of the company's market value. Proponents argue that Musk deserves this compensation for his outstanding performance, and that denying it now would be biased hindsight. However, the focus on this issue highlights the governance problem at Tesla, where Musk dominates the board that is meant to oversee him.
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Elon Musk’s SpaceX might invest $2 billion in Musk’s xAI | TechCrunch
TechCrunch
·
26d ago
Medial
SpaceX is reportedly investing $2 billion in Elon Musk's AI startup, xAI, as part of a broader $5 billion equity raise. This marks SpaceX's first and largest investment in another company. xAI’s chatbot Grok is already used for customer service in SpaceX’s Starlink service, with further collaborations anticipated. Despite recent controversies, including Grok's offensive comments, Tesla plans to incorporate Grok into its vehicles, highlighting Musk's strategy of cross-company support.
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Elon Musk tells Tesla staff future is ‘bright’; urges them to hold on to stock
Economic Times
·
4m ago
Medial
Tesla CEO Elon Musk reassured employees about the company's future during a meeting, despite falling stock and criticism over his political role. Musk emphasized Tesla's bright prospects and urged staff to hold onto their shares. The company faces backlash due to Musk's involvement with Trump's administration and agency shutdowns, leading to protests and falling sales. Musk defended Tesla models and teased affordable upcoming releases, while Trump's administration shows support amidst the challenges.
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WATCH | Elon Musk’s Optimus humanoid navigates rough terrain like a pro | Mint
Livemint
·
7m ago
Medial
Tesla's humanoid robot, Optimus, is making progress in handling daily chores. The latest demonstration showed the robot walking independently over rough terrain, with Tesla CEO Elon Musk considering it "the biggest product ever of any kind." Equipped with advanced neural networks, Optimus can navigate challenging surfaces and maintain balance without visual feedback from cameras. Tesla plans to deploy prototypes in its factories by late 2025 and aims to have over 1,000 robots on its manufacturing lines next year. Musk sees Optimus as a versatile household companion, capable of performing tasks like mowing lawns, walking dogs, and shopping for groceries.
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Elon Musk’s new hire has an impossible job
Livemint
·
10m ago
Medial
Angela Zepeda, former CMO of Hyundai, has been appointed as the new global head of marketing for X, the social media platform owned by Elon Musk. Zepeda's task is to rehabilitate X's reputation and attract advertisers and users back to the platform, with many major advertisers having departed or reduced spending due to concerns about controversial content. Zepeda has a close relationship with X CEO Linda Yaccarino, and her successful track record at Hyundai, including brand overhauls and celebrity endorsements, could prove valuable for X's repositioning efforts.
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The trouble with Elon Musk’s robotaxi dream
Livemint
·
7m ago
Medial
Elon Musk's robotaxi launch showcased his vision for an autonomous Cybercab that would serve as "individualized mass transit". However, the event was light on details and disappointed investors, with Tesla's share price falling by 9% the following day. While robotaxi services have emerged in various cities, there are still uncertainties surrounding profitability and scaling them to more challenging urban environments. Waymo is currently the leader in the field, with other companies like Cruise, Zoox, and Chinese firms Baidu, Pony.ai, WeRide, and Didi also experimenting with robotaxis. Tesla's approach relies on a "full-self driving" system that uses cameras, but it will need to navigate regulatory approval and address safety concerns. The question of who will own and operate robotaxi fleets also remains unanswered.
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