Neuralink, valued at approximately $5 billion last year has come under scrutiny for its safety protocols.
Tag: Elon Musk
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Carl Pie Suggests Elon Musk To Change His Name To Elon ‘Bhai’; Netizens Flood X With Hilarious Reactions |
New Delhi: Carl Pei Yu, the CEO of Nothing Phone, known for his innovative approach, has shared a suggestion for Elon Musk, the CEO of Tesla, regarding opening a factory in India. Pei, who is gearing up to launch the “Nothing Phone 2a” in India next month, proposed that Musk should change his username on the X platform to “Elon Bhai,” to facilitate the establishment of a Tesla factory in the country.
Carl Pie’s Tweet
In a lighthearted tweet directed at Musk, Pei humorously questioned whether Musk had considered the necessity of adopting the moniker “Elon Bhai” to proceed with building a Tesla factory in India. (Also Read: Apple iPhone 15 Pro Gets Rs 38,962 Price Cut: Check Bank And Exchange Offers)
Interestingly, Pei himself has already changed his Pei’s tweet sparked a playful exchange among Twitter users. (Also Read: WATCH: Man Turns Plane Into Luxurious Villa; Viral Video Amazes Anand Mahindra)
.@elonmusk did you really think you could build a Tesla factory in India without changing your username to Elon Bhai? — Carl Bhai (@getpeid) February 18, 2024
User Reaction
One user commented, “You are the Bhai, he will be the Mamu,” while another user humorously suggested different titles for Musk based on various Indian states.
You are the Bhai, he will be the Mamu — Starcommander (@Starcommander10) February 18, 2024
Depends on the location as well ..If Gujarat then Elon Bhai, If Maharashtra then Elon Bhau, If Telangana then Elon Gaaru, If Haryana then Elon Tau, If Punjab then Elon Paaji, If Tamil Nadu then Elon Anna, If West Bengal then Elon Dada
— Parag Mandpe (@ParagMandpe) February 19, 2024
He has to change it to ‘Bun Maska’ — Raghu (@vennelacheekati) February 18, 2024
Can anyone ever speak in front of Carl bhai, carl bhaiiiiii!!! — Tarun Lochib (@tarunlochib) February 18, 2024
Still better would be: Elone Maska, i.e. Elone Butter because Maska means butter in Hindi. So, Elon Muska. He is welcome though.@elonmusk — Sunil Mehta (@kalki_007) February 19, 2024
Meanwhile, as per the latest report by The Economic Times, Tesla, under the leadership of Elon Musk, is on the brink of entering the Indian market.
The government is reportedly in the process of finalizing a policy to extend concessional import duties on electric cars priced above Rs 30 lakh for 2-3 years.
Import Duty
India imposes a 100 percent import duty on cars valued at more than Rs 33 lakh and 60 percent for cars below that threshold. Tesla has shown interest in investing up to $2 billion in India, contingent upon the government reducing the import duty of 15 percent on foreign electric vehicles during the initial years of operation.
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Elon Musk Plans To Relocate 1 Million People To Mars |
New Delhi: Billionaire Elon Musk on Sunday announced plans to shift one million people to Mars. “We are mapping out a game plan to get a million people to Mars,” Musk wrote in a post on X.com. “Civilization only passes the single-planet Great Filter when Mars can survive even if Earth supply ships stop coming,” he added.
He said this in response to a post which said “Starship is the largest rocket ever built and it’ll take us to Mars”. “One day, a trip to Mars will be like a flight across the country,” replied Musk, to users who asked about the launch of Starship to the Red Planet. (Also Read: How A Security Researcher Defrauded Apple For $2.5 Million- Read Full Story)
Last week, the SpaceX founder said that the “Starship should be able to make it to the moon in less than 5 years”. He noted that the SpaceX Dragon spaceship will take astronauts the furthest they’ve been from Earth in over half a century. Musk added that a lot of work will be required to live on Mars. (Also Read: Google Takes Action Against Misinformation In Europe; Check Details)
Further, in January, Musk said he hopes that SpaceX will send humans to the Moon within the next eight years. “What will things be like eight years from now…I think we will have landed on Mars and I think we will have sent people to the Moon,” Musk said.
He also aims to build a base on the Moon. “Humanity should have a moon base, cities on Mars and be out there among the stars,” the X owner said. “We should have a base on the moon, like a permanently occupied human base on the moon, and then send people to Mars. Maybe there’s something beyond the space station, but we’ll see,” he had said in the past.
Musk also hopes that the third Starship flight test this year will reach orbit and prove the spacecraft can reliably deorbit.
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Elon Musk Plans To Stop Using Phone Number And Rely Solely On X For Texts And Calls |
New Delhi: Renowned tech billionaire Elon Musk has made headlines once again, this time with his announcement to discontinue the use of his phone number in favor of relying solely on the social media platform
“In a few months, I will discontinue my phone number and only use X for texts and audio/video calls,” Musk wrote on These features were first launched in October last year. Since then, Musk has been actively advocating for X to expand into a comprehensive application. (Also Read: Instagram Could Introduce AI-Assisted Messaging For Writing Messages: Report)
In a few months, I will discontinue my phone number and only use X for texts and audio/video calls — Elon Musk (@elonmusk) February 9, 2024
The app introduced a preliminary version of its audio and video calling feature last year, which was initially accessible to only a few users. Last month, the microblogging platform rolled out the feature to make audio and video calls directly from the app for Android users. (Also Read: Apple Rolls Out Redesigned iCloud App For Windows)
Reacting to Musk’s post, several users shared their thoughts. “Elon in 2027 – I am no longer using my phone to text or for audio visual. I am using my brainwaves and neural flonk link 47.2,” a user wrote.
“Will it be encrypted or will the alphabet agencies be listening,” another user said. One more user mentioned, “Where will you receive OTPs for bank transactions?”. Meanwhile, X has topped Apple’s App Store charts in terms of downloads.
“X is now the #1 most downloaded app of any kind!,” Musk posted.
As Musk continues to push the boundaries of innovation, his decision to embrace (With IANS Inputs)
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Tesla inventory ends the week down 15%, the worst efficiency of the 12 months
Tesla stocks dropped greater than 15% over the previous couple of days to near the week at $211.99 after CEO Elon Musk waxed pessimistic about macroeconomic problems on a third-quarter profits name Wednesday.
It marks the worst week for Tesla inventory of the 12 months, despite the fact that stocks of the electrical automaker are nonetheless up 96% year-to-date.
For the length finishing Sept. 30, 2023, Tesla reported $23.35 billion in income and $1.85 billion in earnings, a decline as opposed to the prior quarter. Earnings had been not up to the similar quarter ultimate 12 months, too.
On an profits name to speak about the Q3 effects CEO Elon Musk, who divides his time between Tesla, the social community X (previously Twitter), protection contractor SpaceX, and startups xAI, Neuralink and The Dull Co., struck a deeply pessimistic be aware in regards to the economic system and emphasised that cost-cutting and value cuts could be crucial for Tesla in coming quarters.
Musk additionally threw chilly water on shareholders’ expectancies for Tesla’s long-delayed Cybertruck, whilst declining to provide information about a “robotaxi” and self sustaining automobile tech that the corporate has been running on and promising for years. The corporate is already lagging Cruise and Waymo within the U.S., and robotaxi builders together with the ridehailing large, Didi, in China.
Regarding the corporate’s deeply unconventional pickup, Musk went as far as to mention, “We dug our personal grave with Cybertruck” at the Q3 name. He additionally mentioned he sought after to “mood expectancies” for the automobile, announcing it is a “nice product,” however Tesla expects it’ll take a 12 months to 18 months earlier than the Cybertruck turns into a “certain money float contributor.”
“Call for is off the charts. We now have over 1 million individuals who have reserved the automobile, so it is not a requirement factor,” Musk claimed. “However we need to make it, and we want to make it a value that individuals can come up with the money for, insanely tough issues.”
Tesla is making plans an match to formally debut the Cybertruck on Nov. 30, however hasn’t but disclosed the truck’s ultimate specs and pricing. It is not transparent how lots of the individuals who paid for a $100 refundable reservation for the Cybertruck will practice via and buy the vans.
Musk again and again addressed Tesla’s efforts to cut back prices internally, and the price of its electrical automobiles for patrons. Throughout a question-and-answer portion of the profits name with analysts, Musk mentioned, “I’m frightened in regards to the high-interest price setting that we are in.” For automobile patrons, he mentioned, “If rates of interest stay excessive or in the event that they cross even upper, it is that a lot tougher for other people to shop for the automobile. They just can not come up with the money for it.”
“Lowering the price of our automobiles is our most sensible precedence,” Tesla’s new CFO Vaibhav Taneja mentioned at the name, echoing Musk’s issues and priorities. “We’ve got attempted to offset such changes by means of our center of attention on decreasing prices. Then again, there may be an inherent lag in charge discounts, which in flip affects margins,” he added.
Musk made some constructive claims at the name, for instance assuring traders that Tesla will proceed to, “make investments considerably in AI building,” a era that he has pegged as “the huge sport changer,” with “attainable to make Tesla probably the most precious corporate on the earth by way of a ways” with “totally self sustaining automobiles at scale and completely self sustaining humanoid robots.”
Then again, the marketplace didn’t reply to the fame CEO’s long-term imaginative and prescient statements because it has previously. Even one of the crucial analysts who’re reliably bullish on Tesla issued wary notes after the corporate’s Q3 effects as CNBC Professional reported.
For instance, “Not more rose-colored glasses,” Wells Fargo analyst Colin Langan wrote in a be aware Wednesday. And Morgan Stanley’s Adam Jonas lowered his value goal to $380 from $400. His forecast nonetheless implies greater than a 56% upside in a be aware out after the Q3 Tesla name.
Jonas requested, “How are we able to protect a ‘expansion’ inventory that looks in a position to go into its second consecutive 12 months of profits decline?” He later replied, “We really feel additionally it is essential and affordable to imagine the long-term attainable of the services being commercialized by way of the corporate,” within the be aware.
Toni Sacconaghi of Bernstein, who’s generally extra skeptical of Tesla’s hype, maintained an underperform score at the EV maker with a $150 value goal on stocks, suggesting a 38% drawback from Wednesday’s shut. “5% auto income expansion, collapsing margins and buying and selling at 200x FCF — is the tale damaged?” the analyst requested in a be aware out Thursday.
A few of Tesla’s long-term believers, together with Jonas, see the corporate’s Q3 effects as an alarm bell signaling a hard outlook for EVs widely. Chinese language EV makers, amongst different automakers, noticed stocks decline following Tesla’s wary, third-quarter name as neatly.
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Tesla CEO Elon Musk sounds pessimistic observe about economic system on profits name
Elon Musk, CEO of Tesla, speaks with CNBC on Might 16, 2023.
David A. Grogan | CNBC
Tesla reported third-quarter effects after the bell Wednesday.
The corporate’s stocks rose up to 2.4% in prolonged buying and selling after the document crossed, however then sank greater than 4% after CEO Elon Musk cautioned that the Cybertruck would now not ship vital certain cashflow for 12 to 18 months after manufacturing starts, and emphasised that the corporate is fascinated by making its automobiles extra reasonably priced amid a high-interest fee setting.
Here is what the corporate reported in comparison with what Wall Boulevard was once anticipating, according to a survey of analysts by means of LSEG, previously referred to as Refinitiv:
Income: 66 cents consistent with percentage adjusted vs 73 cents consistent with percentage expectedRevenue: $23.35 billion consistent with percentage vs $24.1 billion anticipated
It was once the primary time Tesla has neglected on each profits and income since its second-quarter 2019 document in July 2019.
Tesla executives mentioned they’re “laying the groundwork to start building,” on a brand new manufacturing unit deliberate in Mexico. However Musk mentioned ahead of Tesla is going “full-tilt” at the Mexico manufacturing unit, the corporate is operating to convey down the cost of its automobiles.
He mentioned: “I am apprehensive in regards to the excessive rate of interest setting we are in,” and mentioned folks purchasing automobiles are fascinated by how a lot their per month bills might be. “If rates of interest stay excessive or in the event that they move even upper, it is that a lot tougher for folks to shop for the automobile.”
Musk later famous: “I simply can’t emphasize sufficient how vital charge is. …. We need to make our merchandise extra reasonably priced so folks should purchase it.” He mentioned that bringing the price of Tesla’s automobiles down was once corresponding to a “‘Recreation of Thrones,’ however pennies.”
The corporate introduced on X (Twitter), now owned by means of Musk, that “Cybertruck manufacturing stays on target for later this 12 months, with first deliveries scheduled for November thirtieth at Giga Texas.” One after the other, the Cybertruck account on X mentioned there’d be a “supply tournament” on that date. The shareholder deck mentioned the Cybertruck is in “pilot manufacturing” with the Texas manufacturing unit able to making 125,000 consistent with 12 months.
At the profits name, Musk tempered monetary expectancies for the automobile, pronouncing, “It’s going to require immense paintings to achieve quantity manufacturing and be cashflow certain at a worth that folks can come up with the money for,” with the Cybertruck. He additionally emphasised, “I simply wish to mood expectancies for Cybertruck. It is a nice product, however financially, it is going to take a 12 months to 18 months ahead of this can be a vital certain money glide contributor.”
The corporate nonetheless hasn’t introduced actual specifications or pricing for the Cybertruck.
Musk additionally famous that many shareholders need Tesla to put it up for sale, and Tesla is lately promoting. (The corporate is a minimum of paying for cost-per-click commercials on-line, which were reviewed by means of CNBC.) But when Tesla commercials supply folks with details about nice automobiles that they can not come up with the money for, that “does not actually assist,” Musk mentioned.
All through the quarter, the corporate reported $19.63 billion in car income and $1.56 billion in income from its power era and garage industry. Inside of car income, the portion from regulatory credit grew within the 1/3 quarter to hit $554 million, up from $282 million the former quarter and $286 million within the 1/3 quarter final 12 months.
All through the similar duration final 12 months, Tesla reported $1.05 in adjusted EPS on income of $21.45 billion.
GAAP (non-adjusted) internet source of revenue for the quarter was once $1.85 billion, or 53 cents consistent with percentage. General gross benefit declined 22% 12 months over 12 months. General running margin got here in at 7.6%, down considerably from the year-ago quarter’s determine of 17.2%.
The corporate wrote, in a shareholder presentation: “Our charge of products offered consistent with automobile reduced to ~$37,500 in Q3. Whilst manufacturing charge at our new factories remained upper than our established factories, now we have carried out vital upgrades in Q3 to permit additional unit charge discounts.”
Analysis and building bills got here in at $1.16 billion, up from the year-ago quarter’s determine of $733 million. The corporate famous it had “greater than doubled the dimensions of our AI coaching compute to deal with for our rising dataset in addition to our Optimus robotic undertaking.”
Musk in the past published that Tesla is rewriting its motive force help methods, advertised as FSD Beta within the U.S., the usage of an end-to-end system finding out means.
When pressed for updates on when Tesla might in the end ship a robotaxi-ready automobile, or device that may make its automobiles protected to pressure with out a human manning the wheel, Musk didn’t be offering a particular timeline. He mentioned, “All the automobiles we’re making and feature made for awhile we consider are able to complete autonomy.”
In its power industry, Tesla deployed 3,653 MWh in power garage all through the quarter representing a 90% build up as opposed to the similar duration final 12 months, however its sun installations dropped by means of 48% 12 months over 12 months to 49 MW.
The Q3 2023 profits name was once Tesla’s first since its earlier CFO, Zachary Kirkhorn, introduced he was once stepping apart. Leader Accounting Officer Vaibhav Taneja now holds each roles at the same time as at Musk’s electrical automobile corporate.
Taneja, like Musk, emphasised that Tesla would stay “unflagging” in its “pursuit of extra charge downs for 2024,” the place each engineering and manufacturing unit operations have been involved.
Towards the tip of the decision, Musk apologized for sounding “paranoid,” in regards to the economic system which he mentioned is also rocked by means of ongoing wars world wide (alluding to the conflicts underway between Israel and Hamas, and Russia and Ukraine). Likening Tesla to a world-class send, he mentioned, “Even a perfect send in a hurricane has demanding situations.”
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