TESLA CEO
Tesla drops as spending pullback clouds AI, robotics ambitions
Tesla shares took a hit after the company adjusted its capital spending forecast downward for 2026, raising eyebrows about the future of Elon Musk’s AI and robotics projects. Despite this, Tesla showed unexpected positive free cash flow due to lower-than-anticipated expenditures in Q3. Analysts foresee increased spending in upcoming years for major initiatives, yet investors tread carefully, particularly as they watch for developments in Tesla's relationship with SpaceX.
How a merged SpaceX-Tesla might navigate its China problem
Elon Musk's proposed merger of Tesla and SpaceX may encounter significant hurdles from US and Chinese regulators. Concerns about national security and technology sharing complicate the merger discussions. Tesla's reliance on China for manufacturing and SpaceX's defense contracts raise potential risks. Analysts suggest creating a firewall around Tesla's Chinese operations as a possible solution. However, divesting Tesla's China operations could prove challenging, considering the deep integration with local suppliers.
Elon Musk's public backing for SpaceX-Tesla tie-up sparks fears of shareholder scrutiny
Elon Musk's endorsement of a potential $3.5 trillion SpaceX and Tesla merger has sparked shareholder concerns. Insiders worry his comments may invite scrutiny, delaying the merger process. Musk cannot be involved in discussions due to potential conflicts of interest, indicating the influence of his prior dealings. Advisors are striving to ensure independent board oversight amid heightened investor scrutiny.
Tesla aims to sell Cybercab robotaxis by end of year despite federal probe
Tesla is aiming to start selling its Cybercab robotaxis to the public by the end of this year, its engineering chief said on Wednesday, even as the US auto safety agency probes the vehicles that come without manual controls which federal regulations
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Trump's MAGA Inc unleashes $277 million last-ditch effort to save Republicans in key US races
MAGA Inc super PAC has invested over $277 million in advertising for struggling Republican candidates ahead of midterms. Trump plans to allocate an additional $400 million to $500 million before election day. Key Senate races in Texas, Michigan, and Ohio have received significant financial support to boost Republican chances. Major donors have contributed millions to MAGA Inc in recent weeks, enhancing campaign resources.
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US midterm polls 2026 prediction: Donald Trump activates $500 million election war chest for November election as Democrats predicted to win Senate, House of Representatives
US Midterm polls 2026 prediction: Democrats need to pick up at least four seats in November's midterm elections to win control of the 100-seat US Senate.
She studied English literature before founding Anthropic. Daniela Amodei's unusual journey to one of the richest AI professional with net worth of $15 billion
Daniela Amodei, the co-founder and president of Anthropic, studied English literature at the University of California, Santa Cruz before building a career in recruiting, risk management and AI safety. After working at Stripe and OpenAI, she co-founded Anthropic in 2021 with her brother, Dario Amodei, and other former OpenAI employees.
When AI makes 'money irrelevant' what happens? Elon Musk answers how humans will stay 'happy' in a future with automation and space travel
Elon Musk believes advances in artificial intelligence, robotics and space travel could eventually make conventional money less important by transforming the global economy. Speaking to Walter Isaacson on The Builders podcast, the Tesla and SpaceX CEO said people would find ways to be happy even if they no longer needed to work, comparing the possibility to retirement. Musk also predicted that digital superintelligence could significantly increase global economic output.
Tesla-SpaceX deal: Wall Street says inevitable but Musk says it's not certain
Elon Musk considers the advantages of merging Tesla with SpaceX, particularly in light of escalating capital expenses. However, obstacles like shareholder votes and the need for special committees present significant challenges to this merger idea. Analysts suggest that such a merger could not only streamline operations but also significantly bolster financial assets for both companies. Yet, regulatory scrutiny is expected, mainly due to governance issues linked to Musk’s dual leadership.
Explainer | Why would Musk merge SpaceX and Tesla?
Elon Musk has expressed support for a potential merger between Tesla and SpaceX. This merger could create a technology and manufacturing powerhouse worth approximately $3.5 trillion. By combining their resources, both companies could streamline operations and enhance collaboration on projects like AI and robotics. However, there are challenges related to governance, regulatory scrutiny, and execution risks that need to be addressed.
Musk ordered reduction in Starshield services for Ukraine: Report
Elon Musk imposed limitations on Starshield services for Ukraine, affecting their drone capabilities during the conflict. US Defense Secretary Pete Hegseth stated that no directives were issued regarding these changes. Relations between Washington and Kyiv have strained recently, particularly after criticism from the US toward Ukraine's actions. President Donald Trump denied requesting any restrictions on the communications system utilized by Ukraine.
SpaceX CEO Elon Musk says Co and Tesla have formed special committees to discuss merger
SPACEX is preparing for significant developments regarding its Starship program and upcoming flight schedules. Elon Musk projects that Starship will fly weekly in early next year and twice weekly later. The company anticipates substantial revenue growth, aiming for annual recurring revenue between $500 billion and $1 trillion by 2027. Additionally, SPACEX plans to establish a Louisiana launch site with numerous towers to support operations.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink
Elon Musk pledges a share of his SpaceX company to 'every kid in America'
Elon Musk has announced plans to gift one share of SpaceX to each child in America next year. This announcement came shortly after Anthropic pledged 5% of its shares to a benefit fund. The new fund will potentially increase in value as shares grow. Recent surveys show many Americans are concerned about the rapid development of artificial intelligence technology.
AI chip startup Tenstorrent more than doubles its valuation to $6.2 billion in funding round
Based in Santa Clara, Tenstorrent has just secured an impressive $1.5 billion in its latest funding round, propelling the AI chip startup's valuation to $6.2 billion, a leap since late 2024. This investment will significantly bolster the production of their Galaxy servers, which are crucial across various applications. Among the diverse investors backing this initiative are renowned firms like ARK Invest and T.
'Om Feminist Evictoraya Namah': Bengaluru men perform puja for Elon Musk, hail him as 'destroyer of Wokashura' in viral video sparking debate
A video showing a group of men in Bengaluru performing a puja for Tesla CEO Elon Musk has gone viral on social media. Associated with the Save India Family Foundation (SIFF), the participants were seen offering agarbatti to Musk’s photograph and chanting mantras, calling him the “evictor of feminists” and the destroyer of “Wokashura”. The gathering comes amid attention around Musk’s takeover of Twitter and the subsequent workforce cuts.
Elon Musk unveils flying Tesla, says ‘Turns out the future does have flying cars’
Tesla flying car: Tesla’s next-generation Roadster has grabbed attention after Elon Musk shared a viral video showing the electric sports car driving upside down, briefly flying and performing an aerial flip. The demonstration in Texas featured compressed-air thrusters and a suction system, while Musk said production is planned for 2028. Pricing, final specifications and the launch date remain unconfirmed.
‘Flying cars before GTA VI’: Fans troll Rockstar Games after Tesla’s Roadster makes gravity-defying jump over parked vehicles
Tesla has introduced a groundbreaking flying variant of its iconic Roadster, exhibiting exceptional aerial performance and agility. Following this reveal, electric enthusiasm soared among automotive enthusiasts about the potential of airborne vehicles. Meanwhile, some fans expressed frustration over the postponement of GTA VI. The game trailer captivated audiences, amassing over 20 million views shortly after its launch, yet the Roadster's performance has reignited excitement around futuristic transport innovations.
Global Market: TSMC set for sixth straight record quarterly profit on AI chip boom
TSMC is expected to report its sixth consecutive quarter of record earnings, driven by surging AI chip demand and technology investments. Analysts forecast a 65% profit increase, while investors await updated guidance amid interest-rate concerns and expanding global manufacturing plans, including major US investments to strengthen semiconductor production capacity.
Not gold, GDP, military strength or rare earths: Elon Musk, the world’s richest person, says this hidden metric reveals true economic strength
Elon Musk has offered a different way to judge the strength of a major economy. In an October 10 post on X, the Tesla and SpaceX chief executive argued that electricity production is the best measure of a country's economic strength.
Elon Musk's $366 million political spending surge: Why he's backing Republicans in 2026 midterms
Elon Musk, previously intending to reduce political spending, has emerged as a major Republican donor. His $366 million contributions are aimed at crucial midterm elections, emphasizing his evolving political involvement. Funding includes significant amounts to super PACs supporting Republican candidates in key races. This financial support could influence both congressional majorities and future scrutiny of Musk's business dealings.
TSMC expected to report sixth straight quarter of record profit thanks to AI boom
Analysts say demand for Taiwan Semiconductor Manufacturing Co's (TSMC) AI chipmaking capacity, as well as its advanced chip packaging technology, CoWoS, remains strong.
"These are facts Elon": Zoho cofounder Sridhar Vembu takes on Musk's claim of Starlink facing license hurdles
Sridhar Vembu responded to Elon Musk's claims regarding regulatory obstacles for Starlink in India. Vembu highlighted India's competitive economy and low data prices benefiting consumers. He emphasized that the Indian government does not tolerate monopolies in the industry. Union Communications Minister Jyotiraditya Scindia confirmed that multiple companies, including Starlink, are seeking licenses. Security assessments are ongoing for all license applicants before commercial operations can begin.
Donald Trump gives 'national treasure' Elon Musk top US medal after rift
Donald Trump presented Elon Musk with the top US science medal on Thursday, as the rocket tycoon fully returned to the president's orbit after an explosive bust-up. Trump and Musk gave an amiable if awkward performance on Thursday, with president patting the tycoon on the back and giving him a wooden case containing his medal.
Why electric vehicles sales are lukewarm in America, but hot in Europe
Electric vehicle sales in the United States have dropped 30.7% this year following the expiration of a federal subsidy. In contrast, European buyers have embraced electric vehicles, significantly increasing their market share amid rising fuel prices. Many US automakers have discontinued electric models, with buyers shifting towards hybrids and used EVs. Meanwhile, certain EV-only brands like Tesla and Rivian continue to perform better than traditional automakers' electric offerings.
Trump expected to award science medal to SpaceX's Elon Musk, other tech leaders
US President Donald Trump will present the National Medal of Science to Elon Musk and other innovators. The White House event will discuss the impact of private-sector investment in scientific breakthroughs and technology. Musk's relationship with Trump has improved following a previous dispute over government contracts. The awards ceremony is significant as it is the first of its kind during Trump's administration.
Elon Musk rules out wider TSMC role in Texas Terafab, says his companies will build and run facility
Responding to a post on X about ongoing discussions between TSMC and Musk over the chipmaking project, Musk said there should be no doubt that the Terafab would be built and operated by his companies.
Anthropic CEO Dario Amodei made $18 million last year, middle of the tech CEO pack
Dario Amodei made $18 million last year as CEO of Claude AI developer Anthropic, the company's IPO filing shows, putting him in the middle ranks of top executives at major technology firms in terms of compensation.
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