35 Burst results for "Tesla Ceo"
AP News Radio
Ford electric vehicle owners to get access to Tesla Supercharger network starting next spring
"Board electric vehicle owners will get access to Tesla's supercharger network starting next spring. I'm Lisa dwyer. All of Ford's current and future electric vehicles will have access to about 12,000 Tesla supercharger stations in the U.S. and Canada starting next spring. Ford CEO, Jim Farley, says the agreement is a huge move for the auto industry and electric vehicle customers. Tesla CEO Elon Musk says he didn't want Tesla's network to be a walled garden, and says he wants to use it to support sustainable transportation. At first, for its current electric vehicles, we'll need an adapter to hook into Tesla's stations which have their own connector, but Ford will switch to Tesla's North American charging standard connector with its second generation EVs starting
AP News Radio
Court: 2018 Musk tweet unlawfully threatened UAW efforts
"A 2018 Musk tweet threatening union organizing efforts was unlawful. I'm Lisa dwyer. A federal appeals court has ruled that a 2018 Twitter post by Tesla CEO Elon Musk unlawfully threatened Tesla employees with a loss of stock options if they decided to be represented by a union. The ruling by a three judge panel of the 5th U.S. circuit Court of Appeals in New Orleans upheld a March 2021 order by the national labor relations board. That ruling ordered Musk to delete the tweet. The case involved the united auto workers organizing efforts at a test facility in Fremont, California, also upheld was the board's order that Tesla reinstate and provide back pay to an employee who was fired for union organizing activity. I'm Lisa dwyer
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters, I'm Steve rappaport. Target's latest earnings beat Wall Street expectations, but its forecast was not so great. Bloomberg's genus surveillance reports. Target is predicting a slower than expected recovery from a rough 2022. Last year, weakening demand for non-essential hit the retailer's profits and its stock, the subdued outlook echoes the message from Walmart last week showing U.S. retailers remain cautious amid a cloudy economic picture, but similar to Walmart targets cautious outlook followed a strong fourth quarter the retailers key sales metric rose in the quarter, analysts were looking for a decline. Target CEO Brian Cornell says they're planning business cautiously in the near term to ensure the company remains agile and responsive to the current operating environment. Switzerland's banking regulator says Credit Suisse seriously breached risk management obligations in the greensill capital supply chain financing case. Finma ordered the Swiss lender to take remedial measures, including a periodic review of the most important business relationships for counterparty risks. Finma also announced its opening enforcement proceedings against four former Credit Suisse managers. Visa and Mastercard planned to defer the launch of some cryptocurrency products and services. Reuters reports the company's decided to hold off until market conditions and the regulatory environment improve. Elon Musk reclaims the coveted title of the world's richest person, the Tesla CEO's wealth got a big boost from a surge in Tesla stock, Musk started the year with a net worth of $137 billion, becoming the first person to lose $200 billion from their fortune. Those are the company's stories we're following this hour, I'm Steve rappaport, and this is Bloomberg. Global market news changes in an instant. So don't miss a minute. Listen to Bloomberg radio anytime anywhere around the world on the iHeartRadio app. Tune in, the Bloomberg business app and Bloomberg dot com. This is balance of power on Bloomberg television radio. I'm David Westin well, this is the week when they start rolling out that chips and science act, something we talked about a lot as Congress was passing it on a bipartisan basis, I must say. And it's a very exciting potential development in the development and production of semiconductors in this country. To take us through where we are, we welcome down Mitch landrieu. He's President Biden's senior adviser for infrastructure. Mister Orlando is the former mayor, of course, of New Orleans. So mister mayor, thank you so much for being with us really appreciate it. So first of all, it's like the kid in the back of the car. Are we there yet? When is money going to start going out the door? Well, we're getting there. I mean, right now, as we speak. So this is the announcement today from secretary Armando is what's called a notice of funding opportunity. Where they tell folks that funds are actually available to do a certain thing. And there's certain thing in this particular instance. There's something that this country has been waiting on for a long time. Everybody knows that this little chip that we have as part of everything that we do in our life. And most of them are manufactured overseas. And of course, we saw through COVID, the disruption of the supply chain. So the idea here is to bring those manufacturing capabilities back home. Number one, to push up on national security and protect ourselves. Number two to create manufacturing jobs here in America, the president's already created 800,000 of them. And number three to create high paying jobs with products that have made in America by folks that are in America. So this is a really big announcement. It's going to hit all of those different parts. Secretary raimondo rolled it out this morning. Of course, this is part of the president's overarching strategy to bring manufacturing jobs back to the United States of America through investing in infrastructure through investing in climate and of course now through investing in semiconductors and making America stronger, more steady give on national security, a bigger push and to create those hundreds of thousands of high paying manufacturing jobs are going to come from these investments. Mitch my understanding of what's going on here is there's a fair amount of money in the United States government is putting up. But that's not all of it. The idea I think is sort of priming the pump that in fact, if you get the federal investment, you'll get the private. Where are we right now on constructing the factories? Are some of those factors already under construction? When will they start producing chips? There's no question about that. What normally happens in the idea in creating this industrial policy is for the federal government to show up with cash and with money, whether you're building a bridge or whether you're building a railroad or you're building high speed Internet or whether or not you're investing in all the stuff that we needed to manufacture chips. And then the private sector follows in. As a consequence of all of the investments that the president has made, you've seen now hundreds of billions of dollars for the private sector starting to show up in all of those different places. The same thing is going to happen with semiconductors as well. And as this money goes out, so we're going to put these notices of funding opportunities out there. Folks are going to come to us to say, listen, we think that you ought to work with us. They're going to be four or 5, 6, 7 of what they call these fabrication facilities across America that are really thoughtful and located. And then the private sector is going to come in on top of that. So this $50 billion that the Department of Commerce is talking about now is going to turn into substantially more when the private sector lays on top of that. And then of course, if we get our national security in place, we got a manufacturing in place, everything is just going to flow from there. My experience at least is when you ask for money, particularly a lot of money from something there's usually some strings attached. There's some strings attached here. Take us through some of those strings if you would, particularly starting with investment in China. Well, listen, we don't really look at it as strange. I mean, this is part of a much larger policy to make sure that we bring stuff back home to America to help our national
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"I'm Steve rappaport. Target's latest earnings beat Wall Street expectations, but its forecast was not so great. Bloomberg's genus survey reports. Target is predicting a slower than expected recovery from a rough 2022. Last year, weakening demand for non-essential hit the retailer's profits and its stock, the subdued outlook echoes the message from Walmart last week showing U.S. retailers remain cautious amid a cloudy economic picture, but similar to Walmart targets cautious outlook followed a strong fourth quarter. The retailers key sales metric rose in the quarter, analysts were looking for a decline. Target CEO Brian Cornell says they're planning business cautiously in the near term to ensure the company remains agile and responsive to the current operating environment. Switzerland's banking regulator says Credit Suisse seriously breached risk management obligations in the greensill capital supply chain financing case. Finma ordered the Swiss lender to take remedial measures, including a periodic review of the most important business relationships for counterparty risks. Finma also announced its opening enforcement proceedings against four former Credit Suisse managers. Visa and Mastercard planned to defer the launch of some cryptocurrency products and services. Reuters reports the company's decided to hold off until market conditions and the regulatory environment improve. Elon Musk reclaims the coveted title of the world's richest person, the Tesla CEO's wealth got a big boost from a surge in Tesla stock, Musk started the year with a net worth of $137 billion, becoming the first person to lose $200 billion from their fortune. Those are the company's stories we're following this hour, I'm Steve rappaport, and this is Bloomberg. This is Bloomberg markets with Paul Sweeney and Matt Miller on Bloomberg radio. All right, listening to Bloomberg markets, Paul swinney met Miller in a Bloomberg interactive brokers studio here in New York City markets a little bit red here. We got the S&P 500 off about two tenths of 1%, the Dow off a little bit more about 6 tenths of 1%. Let's get the latest on world and national news right now in Washington D.C. with Nathan Hager. Now there have been demonstrations
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"I'm Brad seger. And I'm Susanna Palmer in the Bloomberg newsroom. Teflon Elon lives on on Friday a federal jury in San Francisco took just two hours to clear the Tesla CEO Elon Musk of claims by investors that he defrauded them. This one he tweeted four and a half years ago that he was considering taking the company private and had quote funding secured to make the deal happen. Friday's verdict after a three week trial in which Musk was the star witness shows that the entrepreneur once dubbed Teflon Ilan for his ability to escape unscathed from legal scraps is still on a roll. Tesla raised the prices of its model Y SUV in the U.S. late yesterday. And the move comes after the Biden administration introduced measures to make more crossover SUVs qualify for the newly revamped electric vehicle tax credit. Tesla had slashed prices on several of its models earlier this year to stoke demand and to qualify for the credits. The labor market shattered expectations in January as the economy added 517,000 jobs and the unemployment rate dropped to 3.4%. That's a low not seen since May of 1969 and all that is according to labor market data yesterday. Job gains had been dropping for months, but not last month, and that reflects unexpected tightness in the labor market. Former treasury secretary Larry summers says January's jobs report could lead to problems later this year. Firms realize they've got too much inventory and too many too many people and that you see a more economy wise turn to adjustment. Meaning maybe layoffs and economic slowdown. Summers was interviewed on Bloomberg Wall Street week with David Westin. Meantime, the unemployment rate for black Americans in January dropped to match a record low, or from Bloomberg's fellow. The Labor Department said last month's rate fell to 5.4% the same rate it reached in September of 2019, which was the lowest in data stretching back to the early 70s. That was down from 5.7% in December. The data showed that more black Americans entered the labor force and became employed still, the January rate is two percentage points above that of the overall population and remains the highest among the race groups tracked by the government. Charlie palette Bloomberg radio. Walt Disney is exploring more licensing
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"On snow and ice. I'm Brad. And I'm Susanna Palmer in the Bloomberg newsroom. FDX cofounder Sam bankman fried's lawyer insisted today. His client didn't seek to influence a witness in the U.S. government's fraud case against him, accusing prosecutors of trying to portray him in the worst possible light Marco and a lawyer for bankman freed as the federal judge presiding over the case to allow his client to meet some people involved in FTX, saying his client needs to participate in his defense. Cohen says bankman fried's use of signal to reach out to the current general council of FTX, who is a witness, was just meant to help with the processing of FTX bankruptcy and doesn't reflect misconduct. Tesla CEO Elon Musk met with Biden administration officials last week to discuss ways to advance electric vehicle production. More from Bloomberg's Charlie pellet. John Podesta senior adviser to President Biden on clean energy innovation and implementation and Mitch landru, a senior adviser and coordinator on infrastructure, met with Moscow, the Washington D.C. office of Tesla. The relationship between Moscow and The White House has been fraught since Biden took office with the president saying it was worth investigating the billionaires relationships with other countries after his acquisition of Twitter. Charlie pellet Bloomberg radio. Bank of America says investors are chasing European stocks at the fastest pace in nearly a year. We get more about that from Bloomberg's Karen Moscow. European stock funds had $3.4 billion of inflows in the week through January 25th. According to a note from the bank's strategist led by Michael hartnett citing, our global data. This is the largest edition since February and is only the second week of inflows following 48 straight weeks of outflows. Emerging market equities led regional comparisons with almost $8 billion coming in. Karen Moscow, Bloomberg radio. ByteDance's general council is no longer overseeing U.S. government relations for TikTok. We're hearing that is seen as part of a shuffle to improve the company's standing during intense national security scrutiny. TikTok has been in contact with U.S. officials who oversee the national security issues, trying to avoid the government banning the app in the U.S.. Low cost fashion brand H and M says its net profit for the year ending November 22 fell 68%. It said it was affected by closing its businesses in Russia and the raw materials and freight costs combined with an historically strong dollar. Chief executive Helena helmerson said Friday that although 2022 was a turbulent year, the Sweden based company noted overall full year sales increased by 6%. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg surveillance podcast from London are Jonathan farrow with Peter Oppenheimer of Goldman Sachs. Very slowly people are warming up to it and there's been a long time coming. I know that. But performance attracts investors and we've seen 30% rebound in the European market since October, at least in dollar terms. And that is starting to energize a bit of interest in the region. And it reflects the big shift we've seen towards value. Again, something we haven't seen now for more than a decade. So clearly we've priced that recession with priced Instagram stagnation and investors are focused on the difference between the two. I get all that. But now we need to talk about the difference between stagnation and real recovery and expansion and that's been a theme for us this week. When do we start to focus on the fact that there is no growth in Europe is just an absence of a recession and what we've seen so far is a bit of a squeeze of relief rally and perhaps nothing else. Well, I think we need to put it in context here. We think that the global economy is in a relatively good shape and we expect to see a soft landing in the U.S., but we also now expect to see a relatively soft landing in Europe. The falls in gas prices have helped to pick up in China as well. But the absence of recession, as you say, doesn't mean we're yet into a strong recovery cycle. And I think the rebound that we've seen in risk assets in the last couple of months is overstating the potential from here at the index level. We've got flat returns in the U.S. this year, slightly positive returns in Europe. So we prefer Europe. We
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"Futures are lower this morning, earnings from Microsoft weighing on results after a slowing sales outlook for its cloud business. Bloomberg Steve rapoport joins us live with more. Steve good morning. Good morning, Karen and Nathan. Microsoft gave back gains from late trading with shares now down less than 3% after CFO Amy hood worn sales of its as your cloud service will slow down in the current period by four or 5% from the end of the second fiscal quarter. Gains were at a percentage in the mid 30s at that point. The grim forecast follows lackluster second quarter results for Microsoft last week, it joined the ranks of other big tech companies making big cuts, announcing it will fire 10,000 workers, live from New York. I'm Steve rappaport, Bloomberg daybreak. All right, Steve, thank you also notable in the tech space, Texas Instruments, the chip maker suffered its first sales decline since 2020. We get more earnings today, Tesla headlines the list of more than 30 companies reporting. Meantime, Tesla CEO Elon Musk is on the stand in a courtroom in San Francisco, Nathan and day three of his trial over tweets to take Tesla private, Musk insisted he was acting in the best interests of shareholders. Now to an M and a deal that never was, Karen, Rupert, and Lachlan Murdoch are abandoning plans to reunite their two media companies Fox and News Corp.. Investors have voiced opposition saying it undervalued assets, the deal had been seen as a way for Loughlin Murdoch to cement control over the family media empire. On geopolitics this morning, Nathan, Germany is committing to send 14 battle changes to Ukraine in the U.S. is expected to make a similar announcement today. They hope it will allow Ukraine to blunt a spring offensive that officials fear Russia may be planning. Back in Washington, Karen, new questions are being raised about the handling of classified documents after somewhere uncovered in former vice president Mike Pence's home. Tennessee Republican Marsha Blackburn sits on the Senate Judiciary Committee. She says the presidential records act needs reform. I would love to see this happen this year. So everyone understands there is a reason we protect this information. We do not want to harm
AP News Radio
Elon Musk testifies he would have sold SpaceX stock to take Tesla private in 2018
"Tesla CEO and Twitter honor Elon Musk has testified in the trial of a class action lawsuit filed by Tesla investors. I Norman hall. Must testified in federal court in San Francisco that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia's public investment fund, but the billionaire said no specific funding amount or price was ever discussed. The lawsuit filed by Tesla investors alleges he misled them with the tweet saying funding was secure to take his electric car company private for
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"And I'm Susanna Palmer in the Bloomberg newsroom. Sam bankman freed's assets valued at almost $700 million will be subject to forfeiture if he's found guilty of fraud. Now, according to federal prosecutors leading the case against the FTX founder, in a court filing yesterday, the U.S. attorney for the southern district of New York outlined a ten accounts with a mix of shares, cash, and crypto, subject to forfeiture, prosecutors use forfeited assets as a way of clawing back assets defendants obtained through fraud. Cryptocurrency lender genesis global Holdco has filed for bankruptcy. The latest firm to collapse in the aftermath of the FTX exchanges swift downfall and last year's route in digital assets. We get the story on that from Bloomberg's Charlie pellet. The company is backed by Barry silbert's digital currency group and at filed for chapter 11 bankruptcy in New York last week. Bankruptcy filings show it entered court protection with a restructuring plan already drawn up with hopes to implement it no later than May 19th. According to a statement, genesis will try to sell itself and distribute the proceeds to creditors. Charlie pellet, Bloomberg radio. Tesla CEO Elon Musk played down how much impact his tweets have on the company's stock as he defended himself at a trial over his 2018 tweet. You remember at about taking the electric carmaker private Musk told jurors yesterday in San Francisco federal court that it's difficult to say the stock price is linked to the tweet and just because I tweet about something doesn't mean people believe it or will act accordingly. The investors contended the tweets amounted to lies that cost them big losses from wild stock price swings over a ten day period before the plan was scrapped. Stocks had their first losing week of the year as optimism over slower inflation faded and investors focused on a slower economy instead. This as the Federal Reserve continues to raise interest rates. Bloomberg opinion columnist Muhammad el erian is a former CEO of pimco and now president of queens college Cambridge. He says in the debate over whether the next rate hike will be a quarter or a half percentage point, he'd go big. I would go personally for 50, and that's because I think inflation is going to get sticky in midyear, around 4%. And I'd rather get the tightening out of the way now than when the economy weakens. For the week, the S&P 500 fell 7 tenths of 1%, the Dow down 2.7% the NASDAQ rose. 6 tenths of 1% this week. Meantime, treasury secretary Janet Yellen said the department doesn't prioritize some bills over others, and that any non payment of obligations is a default that would undoubtedly trigger a recession. Yellen spoke yesterday with reporters in Dakar, Senegal. She's on a ten day trip to Africa. Global news, 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. Bloomberg radio on demand and in your podcast D on the latest sound on podcast, a conversation with former Secretary of Defense Mark Esper on supporting the war effort in Ukraine. What we need are armor, heavy armor, tanks, because tanks lead the push. They punch through the lines, they have the mobility, the firepower, and the protection to do so while safeguarding the force. And that's the critical missing element right now. For the most part, the Brits have promised to provide 14 challenger tanks, but what you need are tanks and the triple digits to make this real. So Mark Esper, what is the timeline as we work this out with Germany, whether it's leopards, M ones, whatever end up there. How much time do we have before it's too late? Not much. I mean, look, time is now. That's why I think we are moving now. It takes at least for the United States, of course, to ship them would take weeks. You have to get them to the units within Ukraine. You have to train up the soldiers, not just to operate them, but to maintain them. So this process could take several weeks, a couple months, and then you look at the timeline for the year. When does the weather start improving for either the Russians to conduct an offensive, whether Ukrainians to beat them to the punch. And again, while it's important that we provided Bradley's and strikers, you would never send those vehicles into a battle against Russian armor. You have to leave with your own tanks. And that's where the Germans become the critical component here. I want to ask you specifically about the M1 Abrams tanks. Number one, you know, they're very expensive to maintain. It also involves a lot of training that would be necessary. They have a jet engine essentially in them and as I understand burn three gallons to the mile. Is that even practical for Ukraine? No, I think the German leopards are the better choice here. I've been critical of the administration for being behind the curve when it comes to sending other weapons systems and air defense systems and whatnot. But in this case
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"You bought muni's, I mean, if you started buying those in 87, you must have a whole swimming pool full. You have a ladder full. You have a ladder of maturities. You build a ladder of maturities. And so there's always stuff rolling off, all this stuff being called, and you just kind of reinvest it, and then that's kind of sleep easy. Maybe I should get some. Yeah, it's fun. Why not? I mean, so that's why, you know, we like talking to Erika's ASCII Joe my sack. We cover the municipal space. Fun. This is what Paul does for fun on the weekends. Clipping my coupons is what I do. We'll have more coming up. This is Bloomberg. This is a Bloomberg money minute. Well, that stronger than expected jobs report we got earlier today has been translating into some potential weakness for stocks, some investors worried that a strong U.S. economy could force the fed to keep interest rates higher for longer, or maybe even hike rates more than previously thought. The fed, of course, can raise interest rates any time, but it does have that big policy meeting coming December 14th. Also another thing that could keep driving up wages, and thus inflationary pressure, the shared people either working or looking for work would fell for a third straight month to about 62.1%. And that's way below what it was before the pandemic, meaning companies may still face labor shortages going forward. And Tesla delivering the first of its electric semi trucks at a low key event at the company's battery factory in Nevada. The truck has an estimated range of 500 miles per charge, and its own Tesla semi chargers, the first delivery is going to PepsiCo's Frito lay plant in Modesto, California. Denise Pellegrini Bloomberg radio. Melissa from Michigan. I work an extra part time job serving lunch at my child's school. But I still can't afford to put food on our table. Daniel from California, choosing whether to pay the rent or pay to fix the car to get to work doesn't leave us with much at all. Now we can't even pay for meals. Hunger is a story we can end, end it at feeding America dot org, brought to you by feeding America and the ad council. Bloomberg television first in global business news. The markets matter and they are moving. Yields actually lower globally. From New York to San Francisco. Headlines involving Twitter. From London to Hong Kong. It has been a week of huge gyration. The world turns to Bloomberg for market moving headlines. All eyes are on what's going on in the tech space. The dollar really taking control here. Bloomberg television, the
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"Matters, you probably read about the question as to whether the number of fake and spam users on the system is less than 5% as Twitter claims. Which I think is probably not most people's experience. When using Twitter. So we're still awaiting resolution on that matter. And that is a very significant matter. So we're waiting resolution on that. And then, of course, there is the question of will the debt portion of the round come together and then will the shareholders know in favor? Elon Musk, speaking with Bloomberg from the Qatar economic forum in Doha. The Tesla CEO also spoke about politics, cryptocurrencies, and the future of Tesla. Stay tuned for more of that exclusive interview coming up shortly on Bloomberg daybreak. While Nathan futures are higher as you begin a shortened holiday trading week, the rally comes after nearly $2 trillion in market value as a race from the S&P 500 last week. There could be more losses ahead according to Morgan Stanley and Goldman Sachs. Morgan Stanley's Michael Wilson says stocks need to drop another 15 to 20% for the market to fully reflect the scale of economic contraction. Well, perhaps the biggest event for markets this week, Karen will be congressional testimony from Jay Powell, the fed chair delivers the Central Bank semiannual report on monetary policy tomorrow. Bloomberg's Vinny del giudice reports. Powell tell Congress the fed's commitment to battling the worst inflation in 40 years is unconditional. Just days after launching the largest fed interest rate increase in 28 years. An advanced text of the fed's report to lawmakers says it's committed to doing what's needed to get the job done and that price stability is necessary to support a strong U.S. labor market. Powell will testify to the Senate banking committee on Wednesday in the House financial services committee on Thursday. If any doubt Jules Bloomberg did break. All right, if anything, thank you. There are more calls than an impending recession this morning. We can lead us live around Bloomberg, we need a young, good morning, good morning, Karen, Elon Musk, norio robini, and Goldman Sachs are now warning that the U.S. economy could fall into a recession. While Musk predicts it happening sometime in the near future, Goldman Sachs now sees a 30% chance of a recession over the next year. That's up from 15% previously and a 25% chance of entering a recession in the second year if one is avoided in the first. Robini sees a U.S. procession by the end of this year
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"For employment Kathy Jones is chief fixed income strategist at Charles Schwab She was interviewed this morning on Bloomberg surveillance I think we're already starting to see some softness in the job market And remarkably this is showing up in the beige book and some of the regional fed write apps that we've seen So I'm a little surprised at that has that optimistic forecast because we are starting to see some loosening in the job market We're hearing from companies that they have to lay off or certainly not hiring the way that they were the hiring freezes are taking place Tesla CEO Elon Musk met with Twitter employees this morning a wide ranging all hands a meeting all sorts of topics came up including a work from home type of content allowed on the platform and yes aliens Twitter shares down one and a half percent Tesla shares plunging 9.2% and that's a Bloomberg business flash This is Bloomberg businessweek inside from the reporters and editors who bring you America's most trusted business magazine Plus global business finance and tech news as it happens Bloomberg businessweek with Carol massar and Bloomberg quick takes Tim steno on Bloomberg radio All right everybody a very good afternoon We are live in Grapevine Texas Gaylord Texan convention center and we are live here at the BNY Mellon Pershing insight 2022 We're going to have a lot of conversations about what's going on in the industry It's really fascinating to talk with all of these financial advisers here because in the middle of the market volatility a middle of the selling they're thinking longer term and there's some calm I haven't seen anyone crying here yet No like a real it's just it's absolutely.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"President Biden addressed the nation last night with a plea to curb gun violence after a wave of deadly mass shootings across the country Bloomberg's at Baxter has the details Biden says enough and urges congressional action now If we can't ban assault weapons then we should raise the age to purchase them from 18 to 21 Strengthen background checks and act safe storage law and red flag laws Repeal the immunity to protect gun manufacturers from liability address the mental health crisis Biden says Second Amendment rights will not be violated and says he doesn't want to take away people's guns In San Francisco I met Baxter Bloomberg daybreak All right Ed thank you As President Biden spoke the House judiciary committee approved a bill that would raise the minimum age to purchase semi-automatic rifles and ban high capacity magazines that Bill is not likely to pass in the Senate Meantime in New York Nathan lawmakers raised the legal age to buy semi-automatic rifles to 21 from 18 it also passed legislation tightening rules to purchase firearms and other military equipment The neighboring New Jersey Karen governor Phil Murphy's optimistic his state will enact stronger gun laws but he says New Jersey can't do it alone We're not an island 80 or 85% of the crime guns that are recovered in New Jersey are from out of state So we need Congress to act New Jersey governor Phil Murphy was a guest on Bloomberg's balance of power airing at noon eastern on Bloomberg radio and television And in the entrance of transparency we should note that Michael Bloomberg the founder and majority owner of Bloomberg LP the parent of Bloomberg radio as a donor to groups that support gun control Later this morning Karen we get the May jobs report economists surveyed predict 320,000 non farm payrolls were created last month Hank corporate news Nathan Tesla CEO Elon Musk is reportedly told the executives the electric carmaker needs to cut staff by about 10% Reuters reports must send an email titled pause all hiring worldwide On.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"We'll think about U.S. tech but also some of the geopolitics taking place Here with an update is Bloomberg's year and guarantees good morning year Anna good morning and let's start with those earnings and Amazon has slumped in late trading after posting a surprise loss Bloomberg's Charlie pellet has all the latest The largest online retailer is struggling to build off of the dramatic gains that made early in the pandemic Amazon said revenue will be a 116 to $121 billion in the period ending in June analysts on average estimated 125 billion according to data compiled by Bloomberg Amazon has been grappling with rising energy and labor costs and changing shopping habits as people return to pre-pandemic activities In New York Charlie pellet Bloomberg daybreak Europe Now Apple grew faster than expected last quarter generating record sales for a non holiday period sales and profit topped estimates but the tech giant is warning supply constraints especially chip shortages may have an effect Elon Musk has said to have floated the idea of cutting costs and jobs at Twitter in his talks with banks to take over the social media giant Bloomberg understands he discussed ideas to monetize the platform and boost cash flow including potential subscription services Meanwhile filings show the Tesla CEO sold about $4 billion worth of shares in the electric carmaker since announcing his steel to buy a Twitter In geopolitics as the war in Ukraine escalates U.S. president Joe Biden has asked Congress for an additional $33 billion in aid for the country calling it critical The cost of this fight is not cheap but keeping the aggression is going to be more costly if we allow it to happen We either back Ukrainian people as they defend their country or we stand by as the Russians continue or atrocities and aggression in Ukraine Meanwhile the proposal includes more than $20 billion in military aid 8.5 billion in economic aid and 3 billion in humanitarian aid Meanwhile a British national has also been killed in Ukraine and a second person is missing Scott silby was believed to be fighting with Ukrainian forces in either Mario pole or elsewhere in the Donbass region and the Ministry of Defense says 8000 British soldiers are heading to Eastern Europe for military exercises in one of the biggest appointments since the Cold War Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Leanne gorons this is Bloomberg Anna Thanks very much for that Liam Let's pick up on some of the lines that Leanne was giving us there around Ukraine As the Russian invasion of Ukraine grinds into its third month the vice Chancellor of Germany Robert Harvey said the country won't block a possible oil embargo by the European Union against Moscow Meanwhile president Joe Biden has asked Congress to provide $33 billion for military economic and humanitarian aid to the country Joining us now to give us the political perspective Bloomberg's European correspondence at Maria tadeo live from Brussels forest Maria good morning So what is the latest on the EU energy conversation Let's start with oil where have we got to on the will they won't they block oil imports conversation in Europe Yes Anna and this is a conversation that is ongoing of course a lot of this was pending or depended on the French election This is a big political decision And the French and now of course president amendment this is a big political actor in Europe and there was this idea of wait and see And after the election we can really resume those negotiations to try to get this done and over the line Now in terms of oil there is growing now almost speculation here in Brussels and I would take it almost as a given that in this new package that is being prepared by the European Union would be the 6 package of sanctions against the Russian Federation for this war in Ukraine There will be something on oil There has been a lot of consensus for the time being that there needs to be something more that tackles and goes through the energy sector Russia This is their big money maker at this point What is unclear is whether this means it's a full embargo which up until very recently the Germans disagreed with although the political music and the tone coming out of Germany has shifted on that whether it also could possibly mean a cap on it or potentially a cap price so you decide how much you want to pay you offer the Russians limit amount and then you don't pay anything beyond that or whether there could be possibly a tax on it again to refrain Russia for making a huge amount of money from this Now in terms of the timing I hear everything that it could come this week at the end of the week potentially or that may be given that this now tackles the oil sector and would open up the conversation in terms of gas that it would be at the end of the month Remember Anna there is a European summit that is treasure to take place here on May 13th Excuse me Okay so that's going to be a focus at the end of May and that is incidentally when a lot of European companies it seems have been had their next deadline or sometime in May a lot of European companies their next deadline to pay or not pay in rubles or in Euros What is the latest on.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"This morning on tech and Ukraine can basically go and test the details good morning Caroline good morning and thank you Let's start with Elon Musk who is said to have floated the idea of cutting costs and jobs at Twitter in his talks with banks to take over the social media giant Bloomberg understands he discussed ideas to monetize the platform and boost cash flow including potential subscription services meanwhile filing show the Tesla CEO sold about $4 billion worth of shares in the electric carmakers since announcing his deal to buy Twitter Now to earnings news Amazon slumping in late trading after posting a surprise last Bloomberg's Charlie pellet has the latest The largest online retailer is struggling to build off of the dramatic gains that made early in the pandemic Amazon said revenue will be a 116 to $121 billion in the period ending in June analysts on average estimated 125 billion according to data compiled by Bloomberg Amazon has been grappling with rising energy and labor costs and changing shopping habits as people return to pre-pandemic activities In New York Charlie pellet Bloomberg daybreak Europe In contrast Apple grew faster than expected last quarter generating record sales for a non holiday period sales and profit topped estimates fueled by strong demand for the iPhone and digital services with the company announcing $90 billion in new stock buybacks but the tech giant is warning supply constraints especially chip shortages could cost between four and $8 billion in revenue during the current quarter And as the war in Ukraine escalates U.S. president Joe Biden has asked Congress for an additional $33 billion in aid for the country calling it critical The cost of this fight is not cheap but keeping the aggression is going to be more costly if we allow it to happen We either back Ukrainian people as they defend their country or we stand by as the Russians continue their atrocities and aggression in Ukraine The proposal includes more than $20 billion in military aid 8.5 billion in economic aid and 3 billion in humanitarian aid Meanwhile the British national has been killed in Ukraine and a second person is missing Scott sibley was believed to be fighting with Ukrainian forces in either Mario pole or elsewhere in the Donbass Global news 24 hours a day on air or on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm leann gerrans this is Bloomberg Caroline Thank you so much Leigh Anne garen with our top stories Well as Russia's invasion of Ukraine grinds into its third month we've just heard president Joe Biden asking Congress for more funds to support Ukraine militarily and economically joining us now is our Bloomberg international government editor Muslim mathison Good morning rose Thanks for being with us So this looks like something of a doubling effectively of financial support if this is passed by Congress Yes well certainly it is and it's a recognition really that this war could go on for a lot longer because only a week ago The White House said that their funding of things like humanitarian aid economic aid and military aid for Ukraine was going to run out and now he's asking for a lot more money that should allow the U.S. to continue those three types of support through to at least September possibly longer Mostly focused on military support still sending weapons in quickly to help Ukraine in the east of the country where the fighting is now concentrated But also economic aid and particularly humanitarian aid because of course this was sort of a total crisis inside Ukraine and its periphery with the number of people who have left the country have had to leave their home high numbers of internally displaced people inside Ukraine and trying to get that aid in there from the humanitarian perspective with space So that should allow that to continue at least until September if that Bill goes through Congress as soon as the next Fortnite And Roz NATO warning that the conflicts in Ukraine could last for years talk to us about how NATO its allies on the other side of course the Russians are preparing for an extended conflict Well that's the question how long does this go on for and really what are the Russian presidents and goals in it right now what we're seeing is fighting very much focused on the east and the south Russian troops trying to bed down areas of territory in Donbass and of course the city of Mario Cole and would that be enough for Russia fnaf declare some kind of victory if his troops can stay in occupy Those territories or will they push on but what it does seem to be moving towards either way is sort of a protracted grinding conflict where there will be a lot of close contact fighting in Donbass artillery being used infantry and direct confrontation And then you just see something that settles into a level of conflict that could go on for months and years more advances in territory But it is overall goal is still to take the entirety of Ukraine We could see fighting flare up in other parts of the country quite quickly So it really does depend on what he's intentions are at this point Okay What then about the natural gas the energy picture you had a Schultz talking about this yesterday What of the energy standoff over ruble payments here in Europe Well there's really quite a big question over what exactly the European Union I think that governments and companies should do here And there's a lot of clarity about that And that's why you're seeing companies and countries like Italy and Hungary taking steps behind the scenes to basically comply with the Russian president to create a gas payment Including a very big company in Germany unipol And so it's unclear at this point really how much this is going to work because if they're actually moving behind the scenes to comply with what the Russian president is doing that kind of undercuts what the EU has been saying is that is that she could be breaching sanctions and so the question is does it extend beyond the two countries that have been affected so far Do these other countries and companies move to actually comply with what he's doing therefore negating the risk of having a full gas cut off particularly for a big economy like Germany But countries in turn like Poland saying hang on the EU really needs to clarify here what companies need to be doing because a lot of they payments becoming due later in May So that's probably what it's going to come to a head Just briefly we hear that a bridge national has been killed in Ukraine a second person is missing We know a number of foreign nationals are either in Ukraine to help militarily assist militarily or with aid and other functions What do we know about these two individuals There's very little information aside from the two gentlemen who were fighting around the Mario pole or the dump house area more broadly in support of Ukrainian troops As you say quite a few foreign nationals from the UK and other countries have opted to go and voluntarily to join the site for Ukraine We know also that some British nationals have been kidnapped by Russia As part of this fight they were captured on the ground and taken to Russia and that sort of the natural side effects unfortunately the conflict like this when you have many people going in to do that The UK is obviously warned people against doing so Okay Bloomberg there was a Mathis and thank you so much for being with us this morning our international government editor Remember there's a press conference by President Biden expected today on Ukraine Also.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"Meghan Durham who covers commodities and agriculture at Bloomberg who has today's big take out on commodities out of Ukraine Still ahead then what should the UK response be to the war in Russia will hear from crispin blunt MP This is a hybrid work is here but for someone to work from here there has to be someone here connecting everyone simply securely consistently because nobody and I mean nobody makes hybrid work work better Cisco the bridge to possible Bloomberg money minute The week is off to a positive start on Wall Street with a rally paced by technology stocks Twitter lit a fire under the tech sector after Tesla CEO Elon Musk revealed that he owns more than 9% of the company And as that gained nearly 2% yesterday the Dow and S&P were up less than 1% You can't buy what's not for sale So it went at Ford in the first quarter as the computer chip shortage and other supply troubles slowed production of its F one 50 pickup and other models F one 50 sales fell 31% from a year ago Ford's total sales fell 17% DirecTV is pulling the plug on one America news network today following the expiration of its contract it announced plans to drop the network in January after OAN was criticized for spreading misinformation about the pandemic and the 2020 election DirecTV will replace oan in its channel lineup with Fox nation Larry kofsky Bloomberg radio If you're in a museum you're looking at a piece There's a lot of detail that is missing Fad and Bloomberg are enriching cultural experiences through the power of data Number connects is helping culture partners move into the future We'll take company We can build a system where anybody can walk in and they can get a deeper experience What does this mean What was our thinking.
The Charlie Kirk Show
Elon Musk Takes Over Twitter: What It Means for America
"But one elite, in fact, the richest elite was very disturbed, especially recently with what Twitter has been doing. So last week, on March 25th, Elon Musk asked his Twitter followers a very simple question, which is, do you think Twitter respects freedom of speech? Do you think that Twitter is a place where speech and ideas can spread freely? He said quote, free speech is essential to a functioning democracy. Do you believe Twitter rigorous rigorously adheres to this principle? 70% of people said no with 2 million votes on Twitter. He also asked, quote, should the Twitter algorithm be open-source? Yes or no? 82% said yes. And he said after this, the consequences of this poll will be important. Please vote carefully. Now when Elon Musk says that he's worth $285 billion. Usually makes you take pause. What is he going to do? What's up his sleeve? What is the world's wealthiest man who owns Neuralink and The Boring Company and Tesla? What is Elon Musk going to do? Now, there were a lot of theories floating around, but we no longer have to live in mystery. This morning, the news came out of an elite. The world's wealthiest man who has decided to come into the fight that all of us are engaged in on a day to today basis, play cut one. When you move over this morning, social media stocks on the rise as Twitter is soaring better than 24% earlier it is up 21% after Tesla CEO Elon Musk disclosed a 9 and a quarter percent stake in the company, potentially making him the largest shareholder. People on Twitter have been pushing him to buy the company as he's been vocal about some of its recent policies and in particular censorship and he did it. Elon Musk is now the largest shareholder in Twitter. Twitter shares have skyrocketed more than 24% after Elon Musk the world's wealthiest man takes a 9% stake in the social media company. And he's doing it for a very specific reason. Elon Musk is mad. He's mad that people can't speak freely on the Internet anymore. And he wants to do something about it. Elon is on a crusade to restore freedom of speech.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"In 30 in the morning right here in Hong Kong and in that Singapore it is a 6 30 in the evening on the Atlantic seaboard of the United States of Rashad salami and our Brian Curtis we've got trading underway in some areas in Asia for instance in the FX markets A lot of weakness in the yen here the dollars essentially flat but dollar yen is right around one 21 now which is pretty surprising Most of the equity futures contract at the moment are higher We'll get to Doug prisoner in a few moments with details on the markets but for now some of the top stories of the hour Yeah we got the Federal Reserve stressing the need for aggressive action to team inflation We had of course fed chair Jay Powell suggesting that the fed is prepared to raise rates by 50 basis points at its next policy meeting He said that on Monday and he could do that 50 basis points if needed And earlier St. Louis president fed president Jim bullard echoed Powell's comments Faster is better I think 50 basis point moves are definitely in the mix Right now we're putting upward pressure on inflation It's the wrong place to be given where inflation is Reiterating his call for the fed funds rate to rise above 3% this year also saying that it was too early to say whether the committee would go along with the half point hike in May Electric vehicle maker Tesla officially opened its plant outside Berlin Tesla CEO Elon Musk handed over the first 30 model wise to customers in front of German Chancellor Olaf scholz Here's Elon Musk Tesla.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"Of 0.8% but you've got some of that commodity play in there as well Royal Dutch Shell for example those ADRs up 1.4% also coupled with the likes of some of those big Canadian players Shopify or ADRs up 0.8% as well as BMO the bank of Montreal those ADRs up 1.7% essentially take away here for the ADR space is it is a broad broad rally Doug All right thanks to credi Gupta We've got selected strength among the auto stocks today Let's begin with Tesla CEO Elon Musk has disposed of enough shares to reach a target of reducing his stake in Tesla by 10% Tesla shares right now better by more than 6% not to be left out Ford Motor rising by a little more than 3% of this hour Curious to look at the price action in CarMax the stock had rallied earlier in the day after the company reported results soared 53% but CarMax also highlighting some persistent contraction in margin and shares right now are weaker by a little more than 5% I'm Doug Chris and that is your Bloomberg business flash This is balance of power with David Weston Oh you think I'm on infrastructure in our country We really haven't seen major investment in rows and bridges from the federal government We do have to make a statement that China that they're not being citizens on the world stage Where the world of politics meets the world of business with COVID with the extra demands of people leaving the profession There was a nursing shortage business leaders They're all concerned about what worked from home is doing to the cultures of their companies With David Weston on Bloomberg radio what the pandemic means for real estate as we head into 2022 protecting our children from and President Biden keeps at the supply chain problems From the Bloomberg interactive broker studio in New York welcome to the second hour of balance of power I'm David Westin President Biden held.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"Get you up to date in the news You need to know what this shower shares a Tesla down more than 5% in early trading The drop comes after Elon Musk's Twitter followers voted for him to sell 10% of his stake in the company It was part of a poll set up by the CEO and we get more from Bloomberg auto editor Elizabeth Berman He did say that he was happy to do whatever Twitter followers told him There is however no real precedents for this must be Musk is entirely possible that he'll just go ahead with this and create another media frenzy that of course it's very positive for Tesla and creating yet more attention I think legally if he decided for whatever reason not to go through with this there will be no discussions Merch Elizabeth Berman says 58% of people in the Twitter poll voted for mash to sell his stock This appears to be the Tesla CEO's response to calls for billionaires to pay more in taxes He's been a targeted criticism on that front Musk does not take a salary so only pays taxes on stock options and sales Inflation Karen also in focus this week as we look to see if price pressures are easing We're going to get reports on producer prices tomorrow that's followed by consumer prices on Wednesday And that data could show the economy starting to overheat according to former treasury secretary Larry summers My view is if we let inflation accelerate there's almost no proven ability of the Central Bank to engineer a soft landing Bloomberg contributed Larry summers as last week's jobs report underscores concerns about rising prices It's a big day for the travel industry John as the U.S. opens up to inbound flights from other countries and bloombergs who need a young joins us live with the details good morning Rita Good morning Karen the U.S. is lifting restrictions for more than 30 countries allowing fully vaccinated travelers to fly from places like Europe China and India But more than 600 days after being shut out of the country a few things are different for international travelers Documentation required at the airport now includes proof of approved vaccination against COVID-19 Meantime countries across Europe are considering strategies to confront a new wave of cases as the region again becomes an epicenter of the pandemic Life in New York I'm ranita young Bloomberg daybreak All right ready to thank you S&P futures Little change to hire up about three points Dow futures up 73 NASDAQ features that'll change down three The ten year treasury down 9 30 seconds yield 1.48% Straight ahead your latest local headlines plus a check of sports and this is Bloomberg All right thanks Karen 6 33 on Wall Street Time to bring in Michael barne to tell us what else is going on in New York and around the world John.
Bloomberg Radio New York
"tesla ceo" Discussed on Bloomberg Radio New York
"It's 5 30 on Wall Street Good morning I'm John Tucker And I'm Karen Moscow just about four hours away from the open of U.S. trading musketry up to date on the news you need to know at the shower shares of Tesla down 5% in early trading the drop comes after Elon Musk's Twitter followers voted for his to sell For him to sell 10% of his stake in the company it was part of a poll set up by the CEO began more from Bloomberg auto editor Elizabeth Berman He did say that he was happy to do whatever the Twitter followers told him There is however no real precedents for this being Musk is entirely possible that he will just go ahead with this and create another media frenzy that of course it's very positive for Tesla and creating yet more intensive I think legally if he decided for whatever reason not to go through with this there will be no repercussions And Bloomberg Elizabeth Berman says 58% of people in the Twitter poll voted for musta sell his stock this appears to be the Tesla CEO's response to calls for billionaires to pay more in taxes He's been a targeted criticism on that front Musk does not take a salary so only pays taxes on stock options and sales He inflation also in focus this week Karen is we look to see if price pressures are easing We get reports on producer prices tomorrow followed by consumer prices on Wednesday and that data could show the economy starting to overheat according to former treasure secretary Larry summers My view is if we let inflation accelerate there's almost no proven ability of the Central Bank to engineer a soft landing Bloomberg contributor Larry summer says last week's jobs report underscores concern about rising prices Well it's a big day for the travel industry and the U.S. opens up to inbound flights from other countries Bloomberg's ready to young joins us live with the details Good morning Good morning Karen the U.S. is lifting restrictions for more than 30 countries allowing fully vaccinated travelers to come in from places like Europe China and India But after more than 600 days of being shut out of the country a few things are different for international travelers documentation required at the airport now includes proof of approved vaccination against COVID-19 Meantime countries across Europe are considering strategies to confront a new wave of cases as the region again becomes an epicenter for the pandemic live in New York I'm Renee a young Bloomberg day break All right we need to thank you S&P future It'll change this morning at three points to down futures up 78 and NASDAQ futures down at three the ten year treasury down 8 30 seconds yield 1.47% And they yield on the two year .43% Straight ahead your latest local headlines Plus the check of sports and this is Bloomberg All right thanks Karen 5 33 on Wall Street Time to bring in Michael Barr with more on what else is going on in New York and around the world.
Red Eye Radio
Musk Goes on Offensive in Court Defense of Tesla's SolarCity Purchase
"Tesla CEO Elon Musk is set to appear in court today to defend the electric automaker's 2016 acquisition of Solar City. Some Tesla shareholders have sued mosque and other board members over the $2.6 billion deal, arguing that it unfairly enriched musk and his family who are big shareholders in the
All Things Considered
Bitcoin Below $30,000 for First Time Since January
"Was a tough day of trading for Bitcoin. The Cryptocurrency fell below $30,000 for the first time since January, NPR's Raphael Nam explains what's going on? For Bitcoin. It's been one hit after another. Ever since he touched a record of nearly $65,000 in April, Tesla CEO Elon Musk appeared to call on Bitcoin and was prominently China has been tightening its rules on Cryptocurrencies. This week, Regulators in the country pressed banks in China to crack down on the trading of Cryptocurrencies. That news sparked a selloff in Bitcoin, although they eventually recovered as markets stabilized. The crypto currencies plunge came on a day when Wall Street posted a second day of gains the NASDAQ close at a record
All Things Considered
Bitcoin Crash Wipes out Nearly All the Cryptocurrency's Gains for 2021
"It was a tough day of trading for Bitcoin. The Cryptocurrency fell below $30,000 for the first time since January, NPR's Raphael Nam explains what's going on? For Bitcoin. It's been one hit after another. Ever since he touched a record of nearly $65,000 in April, Tesla CEO Elon Musk appeared to call on Bitcoin and was prominently China has been tightening its rules on Cryptocurrencies. This week, Regulators in the country pressed banks in China to crack down on the trading of Cryptocurrencies. That news sparked a selloff in Bitcoin, although they eventually recovered as markets stabilized. The crypto currencies plunge came on a day when Wall Street posted a second day of gains the NASDAQ close at a record rap on them. NPR news
WSJ Tech News Briefing
Tesla Drivers Test Bounds of Assisted-Driving Features
"For years tesla's. Ceo elon. Musk has championed his vehicle's driver assistance system and he's forecasted that self driving cars are the future but some tesla drivers can't seem to wait and they've been finding ways of pushing the balance of what they're assisted driving beecher's can do and that's raising some questions about safety for more on this. I'm joined by tesla. Reporter rebecca elliot. Hey rebecca thanks for joining me. Thanks so much for having me. Okay so tell us about the functionality of tesla's assistant driver features what are they designed to do and had a tesla vehicles enforce that being used properly tesla offers and advanced driver assistance. System known as autopilot. That's designed to make operating a vehicle safer. The suite of features can help with tasks such as steering maintaining appropriate distance from other vehicles on the road. The company tells drivers to remain engaged while using the system And vehicles assess driver attention based on whether they're applying force to the steering wheel and yet sometimes have been quote unquote hacking vehicles. What have we been seeing for a long time now. Some drivers have been uploading videos of themselves to social media essentially testing the boundaries of their vehicles. In some cases the videos appear to show a vehicle operating with known in the driver's seat in others people find ways to make the vehicle. Believe that someone is holding the steering wheel such as by attaching a wait to the wheel for example and these videos are in that sort of flamboyant style of social media. You don't take time sorts of videos right. Yeah so in. One video shared on tiktok. Last year we appeared to see a tesla going more than sixty miles an hour on a highway with no one in the driver's seat while the passengers were singing along justin bieber and that's just one example of some of the types of videos that we've seen that are kind of in this
Daily Tech News Show
2 Killed in Driverless Tesla Car Crash
"National highway traffic safety administration in the united states and the national transportation safety board have both sent teams to investigate a fatal car crash involving twenty nine tesla model s in spring texas. The car went off the road. Coming out of cold sack. After failing to negotiate a slight curve at high speed harris county constable mark. Herman said one occupant was in the front passenger seat and one in the backseat. Neither occupant was in the driver's seat. Now it's not clear you might jump to the conclusion. But it's not clear if tesla autopilot was active when the car crashed. Tesla ceo elon. Musk had re tweeted news just earlier that same day. The tesla's autopilot feature was quote approaching ten times. Lower chance of accident than the average vehicle constable. Herman also noted that the car caught fire when it hit a tree and took more than thirty thousand gallons of water to extinguish because the battery kept reigniting and apparently they had to get in contact with tesla for some advice in how to get that fire to go
Tom Sullivan
Forbes lists wealthiest billionaires in the world, Kim Kardashian makes the cut
"Kind of in the family here. Kim Kardashian officially reaching billionaire status. The 40 year old reality TV star ended up on Forbes World's Billionaires list for the first time today. Her net worth is set at one. Billion dollars. So good for her. She made it. But of course on that list way at the top is Amazon CEO Jeff Bezos? Yep. He's at the top, and it shows him with a net worth of $177 billion roughly 26 billion ahead of second place Elon Musk. Tesla's CEO and the founder of Space X.
Michael Berry
Elon Musk: Tesla hiring 10,000-plus employees for Austin Gigafactory
"Tesla's CEO Elon Musk, says the new Tesla plant under construction close to Austin will hire more than 10,000 employees through next year. If that happens, it will be twice the number of new positions that Tesla has
WTOP 24 Hour News
SpaceX Starship prototype crashes during landing attempt after another clean, uncrewed launch
"The launch went well, but the landing not so much. A space X Starship rocket was destroyed during a landing attempt after a successful launch earlier today, space ex founder Tesla's CEO Elon Musk tweeting after the test flight that something significant happened shortly after the landing burns start, he said engineers will try to figure out what went wrong when they examine the wreckage. Space X has successfully launched four starship prototypes on high altitude test flights, but the landings have all ended in a variety of
Mornings on Maine Street
You can now buy a Tesla with bitcoin, Elon Musk says
"Tesla's CEO Elon Musk says You can now buy a Tesla using Bitcoin, the electric carmaker recently revealed it purchased 1.5. A billion dollars worth of
WSJ Tech News Briefing
Tesla cars restricted among military personnel in China, Musk goes on the offensive
"Also in china. Tesla's ceo elon. Musk is waging charm offensive. After reports that the government there is restricting. Some personnels use tesla vehicles in a tv interview with steep media. Musk praise china's plans to tackle carbon emissions and grow its economy and he said china will become tesla's largest market in the long term
Talking Tech
A brief guide to NFTs
"May have heard news recently about the auction house christie's announcing that an artist by the name of people sold a piece of artwork for more than sixty nine million dollars big price tag. The hurt the third highest price for living artists. Here's the thing though. This piece of artwork isn't actually a physical work of art that you would hang in your home it's all digital it's only digital. The work was sold through what is called an nfc. it is growing technology. That is being used a lot recently. You've probably heard the term. Nf teased quite a bit in the news recently. Some examples of this of the nba has a new collectible service called nba. Top shot where you basically are collecting highlights from nba games. So for example you might see a dunk. That lebron james makes in a game you can go to this site and you can bid on that highlight and quote owned the highlight and that is how the service works We've also seen some other people really get involved in it as well Kansas city chiefs quarterback pat mahomes launched his own digital art gallery using these tesla ceo elon. Musk recently sold a tweet of his as an nfc which seems absolutely bizarre but it gets to the big question for some of the listeners out there potentially what isn't nfc. We're going to try to break it down a little bit here. We have a lot more of this available on tech dot usa. Today dot com. So we're gonna try to give you a cliffs note version of this but to explain it simply as simply as you can for something as complicated as this. Nfc stands for non fungible token so the way it works is if you're looking at something that's fungible. It is something that's easily interchangeable. Think about money for example if we each have a twenty dollar bill we can exchange twenty dollar bills and the values the same and it really doesn't make a difference with an nfc or a non fungible token each of them are unique. Each of them are different. So i might have an nf t and you might have in an f. T. we can't trade them value for value for each other because the values of different because they're unique they're different in a variety of ways. So that's what makes them non fungible so basically what it is is because it's digital. It's not a physical thing you have. It is basically a piece of data that that you own something. So in the case of the bidder at christie's auction he owns a piece of artwork in the case of someone who saw a really cool james harden layup or pass. They owned that clip online on nba. Top shot And we've seen some other weird applications for this technology to But the way it works is it's all done using blockchain technology now for the listeners that are saying to themselves. okay wait blockchain. i don't know what you're talking about here. so blockchain works like this. It is basically. It's kind of like a cloud storage database and what it does is it tracks transactions of items or assets. Let's take something like bitcoin. For example which is a currency that. I'm sure you've heard of quite a bit Something that a lot of people used to buy things online. So you have. Bitcoin and bitcoin is built on blockchain. So what happens is when you have this blockchain technology it is tracking every time someone is using. Bitcoin keeps track of wind. Bitcoin is transferred from one person to the other for a purchase. And that's essentially what it's built on so if you look at all. The history of bitcoin has an open blockchain. It's essentially an open database where you can review the history of all the transactions that have been done through blockchain. Now you don't see people's names or ideas or anything like that but it has a regular tracking of where this bitcoin is going and so that's kind of entities are instead of a bitcoin. It's this and f. T. and it's the same principle where it using this blockchain technology it's tracking every time this nfc's ownership is transferred. And you have a ledger and accounting of every which way this has been sold or resold and so on and so forth. You know you obviously can do this with bitcoin and economically. Do this with stuff like a tweet or an artwork or in the case of a article. New york post. Someone did it with the sound of their own farts. Which again if someone's willing to buy that sure that's great but there you go. That's that's how far we've gotten with all this experts. I've talked to have said that. One of the big benefits to this is the security Because these blockchain's arc run by one central company or one central administrator there on peer to peer networks which means they're spread out across lots of computers. So there's really no one place these are stored and so because they're spread out. It's much harder for someone to say. Go in an altar records that are recorded on a blockchain. So that's one of the big things and there's a lot of talk to from experts that this might be the wave of the future one expert. I talked to recently had said that you know one possibility. Is there used to track land titles and deeds so for example instead of dealing with those mountains of paperwork that you have to deal with. When you're buying a house or selling a house or things like that you would do it all using this blockchain technology and it would be done on the computer. And it'd be much simpler wireless paper while signatures and that. That is a very fascinating us. Obviously we're very far away from a lot of this stuff. All the stuff right now feels very strange in new. And there's really a lot of hype around it. So that's why we're seeing weird stuff like people selling their own individual tweet as an nf t- It makes everything on the internet. Feel like it's a commodity Whether that lasts again. It's too early to say. I think you know. Obviously there's a lot of hype around this and it's definitely worth watching because you know i if this all you know goes as it seems like experts have suggested i mean this could really changed the way we do things in terms of buying and selling and dealing with all those Types of this on the internet So we'll see where all this technology
All Things Considered
Elon Musk has officially been made the 'Technoking of Tesla'
"In which Tesla's CEO Elon Musk gets a new title. Also, I have to say here. I am honestly not making this up. In a filing with the Securities and Exchange Commission this morning, Tesla's said Musk shall henceforth have the title. Techno king of Tesla, and that the company's chief financial officer shall be called. Master of coin. In addition to their actual title's Yes, it's fun. Yes, Also, testing has gotten zillions of dollars in free publicity from the media guilty as charged, but also It's a real company with real investors and real
The Business
Elon Musk has officially been made the 'Technoking of Tesla'
"His final note on the way out today in which Tesla's CEO Elon Musk, get the new title. Also, I have to say here I am honestly not making this up. In a filing with the Securities and Exchange Commission this morning, Tesla's said Musk shall henceforth have the title. Techno king of Tesla, and that the company's chief financial officer shall be called. Master of coin. In addition to their actual title's Yes, it's fun. Yes, Also, testing has gotten zillions of dollars in free publicity from the media guilty as charged, but also It's a real company with real investors and real employees, so I don't know. Maybe I'm a fuddy
WSJ Tech News Briefing
Why Tesla Bought $1.5 Billion in Bitcoin
"In an annual filing tesla revealed yesterday that it had bought one point five billion dollars in bitcoin. The company also said that it plans to start accepting the crypto currency as a payment method for its product soon. This is a big step. Not just for tesla bitcoin. So let's turn to our markets reporter caitlin nostra for more. Hey caitlin thanks for joining me. Thanks for having me. So what do we know about this strategy behind this purchase. What is tesla for here. So we've seen a lot of companies recently moved to start. Adding bitcoin to some of their holdings in a lot of it has just been diversification so instead of holding a treasury bond that may be offers significantly less yield than it used to. We're seeing people want to You know find other ways of storing some of their value at the same point saw so a little bit of almost a political statement. That you have elon. Musk and other. Bitcoin opponents who have for years been saying you know this is the future of this is a great asset that you should be invested in and very fully. We've seen some companies can jump on board with that idea. And so tesla is simply the latest in a line that has included square inc for one example but at the same point you know tesla is investing significantly more bitcoin than than many of these other companies. Have and you know. Of course. this move isn't altogether out of left field as you mentioned you know people who follow tesla's. Ceo elon. Musk on twitter. Probably remember that. He's expressed interest in cryptocurrencies. Before can you just remind us what we've seen from him. Yeah i mean for instance. Last month you had on change his twitter bio to read hashtag bitcoin. I mean he has. Long been a proponent of crypto currencies not just bitcoin. He's been having a little bit of fun on twitter lately with a meam. Crypto currency called doj queen. But you've seen him oil lobby in the past the the idea that bitcoin is something that we should be looking at in. There's been a few times that he's on it in the past on twitter but elon. Musk his following his persona even if he is joking about something it draws attention and it can make something more valuable and part of the concern a little bit with elon. Musk is that He has gotten into the trouble with the se in the past regarding some of his tweets about tesla he was even if not tweeting directly about bitcoin right before this he was adding it to his twitter bio and we don't know quite what date he bought and so there's a lot of people who are a little bit concerned that you know the sec. Poke at this and be a little bit concerned. You know we. We don't know if anything's happening or you know what might happen. But that is a concern always on the investor side right and going a little deeper on that risk piece you know. We've been watching bitcoin for a few years. Now i think a big takeaway is that this is a really palatal form of currency as mentioned you. We've seen it reach astronomical heights over the course of a few months. Maybe depending on who's tweeting about it and then crash and lose it all so just. How risky is this. Move from tesla. Yeah i mean look it if it winds up where bitcoin keeps going up. Then it's very good. Move for tesla but as you mentioned You know bitcoin cryptocurrencies. It's really volatile. Because i'm like a traditional currency of the dollar or the euro it's not trading off the fundamentals of what is the federal reserve doing with interest rates. Would the the be doing. And so because of that. It winds up being a lot. More volatile than traditional currencies that companies usually keep in store so if it winds up crashing. You know that's going to be a loss that tesla is going to have to write off a set an depreciation of the value of all the bitcoin that they bought in january that they're going have to deal with but same point. If it rises. That could be played for them. It's just you don't know quite what's going to happen. It's a larger. it's that many companies have been relatively conservative with how much they've added as of late