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US agencies probing Tesla's use of funds for secret 'glass house' for Elon Musk
Economic Times
·
1y ago
Medial
Federal prosecutors are investigating Tesla's potential misuse of company funds for a secret project involving a house for CEO Elon Musk near Austin, Texas. Tesla board members previously probed similar concerns. The U.S. Securities and Exchange Commission has initiated a civil investigation as well. The probes, still early, focus on personal benefits to Musk and the project's purpose and cost, also examining Tesla's electric vehicle range discrepancies. No official comments were provided by Musk or authorities.
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Musk confirms diverting Nvidia AI chips away from Tesla
Livemint
·
1y ago
Medial
Tesla CEO Elon Musk responded to a CNBC report that revealed 12,000 Nvidia AI chips originally meant for Tesla had been redirected to the automaker's chip division. Musk said the chips were being stored in a warehouse, referencing Tesla's new Pikemi chip division. Musk's post may fuel existing criticism that his focus on other projects like robotics and driverless cars is taking priority over Tesla's core business. Musk also confirmed that Tesla's Gigafactory in Texas is nearly complete and will house 50,000 Nvidia AI chips. Tesla is expected to spend between $3 billion and $4 billion on Nvidia hardware this year.
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Elon Musk says Tesla sales 'doing well' after recent slump
Economic Times
·
2m ago
Medial
Tesla's sales are recovering well after a recent slump, according to CEO Elon Musk. The decline followed backlash due to Musk's support for US President Donald Trump's workforce cuts. However, at the 2025 Qatar Economic Forum, Musk noted that Tesla's market cap has bounced back to over a trillion dollars, indicating market confidence and recovery.
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Protesters demonstrate outside Tesla showrooms in US
Arstechnica
·
5m ago
Medial
Protesters gathered outside Tesla showrooms across the US, opposing CEO Elon Musk's role in drastic government cuts as an advisor to President Donald Trump. The protests, organized using hashtags #TeslaTakedown and #TeslaTakeover, targeted Musk's influence in the White House and his support for far-right politics. Actions against Musk range from demonstrations to vandalism, with criticisms focusing on alleged fascist associations. The backlash has affected Tesla's stock, reflecting consumer and investor concerns about Musk's political alliances.
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Elon Musk's mom says President Biden wants to stop her son from making the world a better place
Business Insider
·
1y ago
Medial
Elon Musk's mother, Maye Musk, has expressed anger towards President Joe Biden, stating that she is furious that he wants to hinder her son from making positive changes in the world. This comes in response to comments made by FCC Commissioner Brendan Carr, who mentioned that several US government agencies have taken action against Musk. Maye Musk took to Twitter, questioning the motives behind Biden's actions and expressing the pride other countries have for Elon.
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Tesla shares rise as Politico reports Musk-White House to hold call
Economic Times
·
2m ago
Medial
Tesla shares in Frankfurt rose 5.6% after reports of an upcoming call between CEO Elon Musk and the White House to resolve tensions with President Donald Trump. The public feud saw Trump threaten to sever government contracts with Musk's companies, while Musk suggested impeaching Trump. This conflict contributed to a 14.3% drop in Tesla's shares in New York, resulting in a $150 billion loss in market value.
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Donald Trump praises Elon Musk as chief disruptor eyes exit
Economic Times
·
3m ago
Medial
Elon Musk, praised by Donald Trump as a "chief disruptor," plans to reprioritize his focus from government advisory roles back to Tesla amid brand damage concerns. Despite Trump's invitation to continue his role in the White House, Musk aims to concentrate on resolving Tesla's challenges. Tesla, which has faced significant negative backlash due to Musk's political involvement, is reportedly considering a successor to Musk as CEO to ensure more of his time is dedicated to the company.
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US evaluating risks related to adoption of AI tools by federal agencies
Economic Times
·
1y ago
Medial
The US House of Representatives has banned the use of Microsoft's Copilot generative AI assistant by congressional staffers, citing concerns of data leakage. The move is part of ongoing efforts to address potential risks associated with AI tools, including protecting data security and individual privacy. Microsoft has stated its intention to deliver AI tools that meet federal government security requirements. Meanwhile, US Vice President Kamala Harris has stated that federal agencies must verify that their AI tools do not harm the public, or else cease using them. The White House has also mandated concrete safeguards for agencies using AI by December 1.
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Stephen Colbert calls out Elon Musk over Don Lemon drama with a parody video of the Tesla CEO asking himself softball questions
Business Insider
·
1y ago
Medial
Stephen Colbert responded to the news of Elon Musk's partnership deal with X being terminated after an interview with Don Lemon. In a parody video, Colbert mocks Musk's self-proclaimed "free speech absolutism" and the alleged questions that upset him during the interview. The video humorously depicts Musk interviewing himself and asking softball questions. Lemon announced the termination of their deal, claiming that Musk was upset about probing questions regarding his reported ketamine use, meeting with Trump, and moderating hate speech. Despite the termination, Lemon's interview with Musk will still air on "The Don Lemon Show."
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Tesla investors sue Musk for diverting 'scarce' AI talent to xAI
Inshorts
·
1y ago
Medial
A group of Tesla shareholders has sued CEO Elon Musk for diverting "scarce talent and resources" from the automaker to his AI startup xAI. The group also accused Tesla's board of allowing Musk to start a rival AI company and plunder Tesla's resources. Earlier, it was reported that Musk diverted 12,000 NVIDIA AI chips meant for Tesla to X.
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The White House Puts New Guardrails on Government Use of AI
Wired
·
1y ago
Medial
The US government has issued new rules regarding the use of artificial intelligence (AI) by federal agencies. The rules aim to ensure more caution and transparency in the use of AI to protect the public as the technology continues to advance. The policy also includes provisions to encourage AI innovation for public good. The White House Office of Management and Budget will guide AI use across the federal government, requiring transparency in AI usage and promoting AI development within agencies. The US government hopes to lead internationally with this new AI regime and plans for its policies to become a model for global action.
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