Tag #Elon Musk

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sueddeutsche.de

🌐 85% Global Worthiness

Jul 24, 07:15

Tesla Q2 Profit Down 16%, Musk Bets on Robotaxis for Turnaround

Tesla reported a 16% drop in Q2 2024 profit to $1.17 billion and a 12% revenue decline to $22.5 billion due to decreased vehicle deliveries, while CEO Elon Musk projects that robotaxi services will significantly boost profits by late 2024, despite challenges.

Tesla Q2 Profit Down 16%, Musk Bets on Robotaxis for Turnaround

Tesla reported a 16% drop in Q2 2024 profit to $1.17 billion and a 12% revenue decline to $22.5 billion due to decreased vehicle deliveries, while CEO Elon Musk projects that robotaxi services will significantly boost profits by late 2024, despite challenges.

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Industry, Innovation, and Infrastructure

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How does Tesla's robotaxi strategy aim to counter the challenges posed by decreased vehicle deliveries and heightened competition?

The shortfall in Tesla's Q2 results is linked to decreased vehicle deliveries and increased competition, particularly from Chinese manufacturers. Musk's ambitious robotaxi rollout aims to offset these challenges, but regulatory hurdles and technological skepticism pose risks. The success of this strategy hinges on securing regulatory approvals in multiple US states and proving the viability of camera-only autonomous driving technology.

npr.org

🌐 85% Global Worthiness

Jul 24, 01:14

Tesla Q2 2024 Profits Fall 16% Amidst Sales Decline and Increased Competition

Tesla reported a 16% year-on-year drop in Q2 2024 net income, attributed to decreased EV sales (down 13.5%), increased competition, and potential reputational damage linked to CEO Elon Musk's political activities; the company is pivoting toward AI and robotics.

Tesla Q2 2024 Profits Fall 16% Amidst Sales Decline and Increased Competition

Tesla reported a 16% year-on-year drop in Q2 2024 net income, attributed to decreased EV sales (down 13.5%), increased competition, and potential reputational damage linked to CEO Elon Musk's political activities; the company is pivoting toward AI and robotics.

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Decent Work and Economic Growth

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What is the primary cause of Tesla's significant profit decline in the second quarter of 2024, and what are the immediate consequences?

Tesla reported a 16% year-on-year drop in net income during Q2 2024, accompanied by a 16% decrease in automotive revenue. This follows a 71% profit drop in Q1, and continues a trend of declining sales, with EV sales down 13.5% compared to the same period last year.

nrc.nl

🌐 85% Global Worthiness

Jul 24, 19:14

Tesla Reports Steepest Revenue Drop in a Decade

Tesla's Q2 2024 revenue fell 12 percent to $22.5 billion, the steepest decline in at least a decade, due to lower electric vehicle sales, regulatory changes, and controversies surrounding Elon Musk.

Tesla Reports Steepest Revenue Drop in a Decade

Tesla's Q2 2024 revenue fell 12 percent to $22.5 billion, the steepest decline in at least a decade, due to lower electric vehicle sales, regulatory changes, and controversies surrounding Elon Musk.

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Decent Work and Economic Growth

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How have changes in government regulations and Elon Musk's actions contributed to Tesla's recent financial struggles?

The decrease in Tesla's sales is linked to controversies surrounding Elon Musk's political activities, impacting consumer confidence, and changes in government regulations regarding electric vehicle subsidies in the US and Europe. Competitors like Volkswagen and BYD are capitalizing on this situation.

elmundo.es

🌐 85% Global Worthiness

Jul 24, 07:15

X Defies French Investigation into Algorithm Manipulation

A French investigation into X (formerly Twitter) for potential algorithm manipulation to facilitate foreign interference has prompted Elon Musk's company to refuse cooperation, citing political motivations and alleging bias among investigators. Two lawsuits, one from a deputy and another from a cybe...

X Defies French Investigation into Algorithm Manipulation

A French investigation into X (formerly Twitter) for potential algorithm manipulation to facilitate foreign interference has prompted Elon Musk's company to refuse cooperation, citing political motivations and alleging bias among investigators. Two lawsuits, one from a deputy and another from a cybe...

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of X's refusal to cooperate with the French investigation into its algorithm, and how might this affect global social media regulation?

Based on what we know, this investigation is an attempt to distort French laws to serve a political agenda and ultimately restrict freedom of expression." This statement from X's official global governance account reflects the company's defiance of a French investigation into alleged algorithm manipulation to facilitate foreign interference. The investigation, opened by the Paris prosecutor following lawsuits from a deputy and cybersecurity expert, focuses on potential data manipulation offenses.

elpais.com

🌐 90% Global Worthiness

Jul 23, 10:16

SpaceX to Invest $2 Billion in xAI, Boosting Valuations in AI and Space

Elon Musk's SpaceX will invest $2 billion in his AI company xAI, potentially valuing xAI at $200 billion and SpaceX at $400 billion, with participation from Saudi Arabia's PIF and use of xAI's chatbot Grok to support SpaceX's Starlink.

SpaceX to Invest $2 Billion in xAI, Boosting Valuations in AI and Space

Elon Musk's SpaceX will invest $2 billion in his AI company xAI, potentially valuing xAI at $200 billion and SpaceX at $400 billion, with participation from Saudi Arabia's PIF and use of xAI's chatbot Grok to support SpaceX's Starlink.

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What are the immediate financial and strategic implications of SpaceX's $2 billion investment in xAI?

SpaceX, Elon Musk's space exploration company, will invest $2 billion in xAI, his artificial intelligence firm, as part of a funding round that could value xAI at $200 billion. This investment is facilitated by a larger $5 billion funding round for SpaceX itself, aiming to attract new capital and boost its valuation to $400 billion. The Saudi Public Investment Fund (PIF) will participate in this round, further strengthening its indirect stake in xAI.

us.cnn.com

🌐 85% Global Worthiness

Jul 23, 16:12

Tesla Sales Plunge, Facing Profitability Crisis

Tesla's second-quarter sales plunged 13.5% year-over-year, following a first-quarter 71% net income drop, due to expiring tax credits, tariffs on imported parts, and the loss of regulatory credit sales; the company's future profitability is threatened, although new ventures may mitigate these issues...

Tesla Sales Plunge, Facing Profitability Crisis

Tesla's second-quarter sales plunged 13.5% year-over-year, following a first-quarter 71% net income drop, due to expiring tax credits, tariffs on imported parts, and the loss of regulatory credit sales; the company's future profitability is threatened, although new ventures may mitigate these issues...

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Decent Work and Economic Growth

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What is the immediate impact of Tesla's declining sales and profitability, and what are the key factors contributing to this trend?

Tesla's second-quarter sales fell 13.5% year-over-year, marking the second consecutive quarter of double-digit declines. This follows a 71% drop in net income during the first quarter. Analysts predict a further net income decrease of approximately $350 million (nearly 24%) for the second quarter.

cnn.com

🌐 85% Global Worthiness

Jul 24, 22:13

Tesla Stock Drops 9% Amidst Record Sales Decline and Investor Concerns

Tesla's stock plunged 9% after reporting record sales declines and double-digit drops in earnings and revenue, raising concerns among investors about the company's near-term financial outlook despite CEO Elon Musk's focus on long-term projects.

Tesla Stock Drops 9% Amidst Record Sales Decline and Investor Concerns

Tesla's stock plunged 9% after reporting record sales declines and double-digit drops in earnings and revenue, raising concerns among investors about the company's near-term financial outlook despite CEO Elon Musk's focus on long-term projects.

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What are the immediate consequences of Tesla's disappointing earnings report and how significantly has it impacted investor confidence?

Tesla's stock price dropped 9% following a disappointing earnings report, revealing double-digit declines in earnings and revenue, marking the company's largest sales drop ever. This downturn is fueled by the loss of a $7,500 US EV tax credit and dwindling regulatory credit sales, previously a significant revenue source.

abcnews.go.com

🌐 85% Global Worthiness

Jul 24, 04:12

Tesla Q2 2025 Earnings Show 16% Profit Drop Amidst Political and Economic Uncertainty

Tesla reported a 16% drop in profits and a 12% decrease in revenue in Q2 2025, falling short of analysts' expectations, amid political turmoil following Elon Musk's departure from the White House and increased competition in the electric vehicle market.

Tesla Q2 2025 Earnings Show 16% Profit Drop Amidst Political and Economic Uncertainty

Tesla reported a 16% drop in profits and a 12% decrease in revenue in Q2 2025, falling short of analysts' expectations, amid political turmoil following Elon Musk's departure from the White House and increased competition in the electric vehicle market.

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Decent Work and Economic Growth

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What is the primary cause of Tesla's significant profit and revenue decline during the second quarter of 2025?

Tesla reported a 16% drop in profits and a 12% decrease in total revenue during the second quarter of 2025, falling short of analysts' expectations. This follows two consecutive quarters of revenue decline and coincides with Elon Musk's departure from the White House and subsequent public criticism of President Trump. The company cited an "uncertain macroeconomic environment" and impacts from shifting tariffs and political sentiment.

theglobeandmail.com

🌐 85% Global Worthiness

Jul 24, 22:13

Trump Backs Tesla Despite Stock Drop After Q2 Losses

Despite a public feud, President Trump surprisingly supported Tesla on social media Thursday, but Tesla stock fell almost 9 percent after reporting a 12 percent drop in revenue and a 16 percent drop in profit in Q2 2024, due partly to Musk's political stances, increased competition, and the loss of ...

Trump Backs Tesla Despite Stock Drop After Q2 Losses

Despite a public feud, President Trump surprisingly supported Tesla on social media Thursday, but Tesla stock fell almost 9 percent after reporting a 12 percent drop in revenue and a 16 percent drop in profit in Q2 2024, due partly to Musk's political stances, increased competition, and the loss of ...

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How do the various factors—including competition, political stances, and government policies—contribute to Tesla's recent financial difficulties?

Trump's unexpected endorsement comes amidst a backdrop of significant financial challenges for Tesla. The company's reduced profitability, coupled with the loss of EV tax credits and increased costs from tariffs, contributes to investor uncertainty. Musk's increasingly right-wing political leanings further alienate some prospective buyers, exacerbating the situation.",

pt.euronews.com

🌐 75% Global Worthiness

Jul 24, 22:13

Tesla Q2 2024: Profits Plunge Amidst Musk Controversy and Intensified Competition

Tesla's Q2 2024 results show a 12% revenue drop to $22.5 billion and a 16% net income decline to $1.17 billion, attributed to negative brand perception due to Elon Musk's actions and increased competition, while the company focuses on future ventures like robotaxis and humanoid robots.

Tesla Q2 2024: Profits Plunge Amidst Musk Controversy and Intensified Competition

Tesla's Q2 2024 results show a 12% revenue drop to $22.5 billion and a 16% net income decline to $1.17 billion, attributed to negative brand perception due to Elon Musk's actions and increased competition, while the company focuses on future ventures like robotaxis and humanoid robots.

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How did Elon Musk's actions and political stances affect Tesla's sales and market position?

The decline in Tesla's Q2 2024 profits is linked to decreased sales, intensified competition from rivals like BYD and Volkswagen, and the loss of US government incentives for electric vehicle purchases. Musk's embrace of far-right politics alienated potential buyers in Europe, further contributing to the sales slump.

forbes.com

🌐 85% Global Worthiness

Jul 23, 04:12

Tesla's Plummeting Brand Perception Amidst Distrust and RoboTaxi Controversy

A new report reveals Tesla has the lowest net positive perception among all EV brands, with 48% distrust and only 9% reporting improved perception in the last 6 months; 53% of consumers believe robotaxis should be illegal, 55% say Tesla's FSD should be.

Tesla's Plummeting Brand Perception Amidst Distrust and RoboTaxi Controversy

A new report reveals Tesla has the lowest net positive perception among all EV brands, with 48% distrust and only 9% reporting improved perception in the last 6 months; 53% of consumers believe robotaxis should be illegal, 55% say Tesla's FSD should be.

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How do consumer opinions on Tesla's autonomous vehicle technology contribute to its overall reputation crisis?

This decline contrasts sharply with overwhelmingly positive consumer sentiment as recently as March 2025. The negative perception extends to Tesla's robotaxi plans, with only 3% of consumers aware of it and a majority (53%) believing robotaxis should be illegal, including Tesla's FSD (55%).

forbes.com

🌐 75% Global Worthiness

Jul 23, 22:13

Film to Depict Elon Musk as "Dictator" in OpenAI Ouster Drama

An upcoming comedy-drama film, "Artificial," will depict Elon Musk as a "dictator" in scenes of "villainy and comic relief," focusing on the brief 2023 firing of Sam Altman from OpenAI by its board who accused Altman of dishonesty and creating a toxic work environment.

Film to Depict Elon Musk as "Dictator" in OpenAI Ouster Drama

An upcoming comedy-drama film, "Artificial," will depict Elon Musk as a "dictator" in scenes of "villainy and comic relief," focusing on the brief 2023 firing of Sam Altman from OpenAI by its board who accused Altman of dishonesty and creating a toxic work environment.

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What is the significance of Ike Barinholtz's portrayal of Elon Musk in the upcoming film "Artificial", focusing on the OpenAI CEO ouster?

Ike Barinholtz will portray Elon Musk in an upcoming comedy-drama film, "Artificial," focusing on Sam Altman's brief ouster from OpenAI. The script reportedly depicts Musk in scenes of "villainy and comic relief," and refers to him as a "dictator.

Showing 121 to 132 of 2,277 results