Tag #Elon Musk

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cincodias.elpais.com

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Dec 14, 00:36

Musk Accuses SEC of Harassment as New Chair Signals Regulatory Shift

Elon Musk's lawyer released a letter accusing the SEC of years of harassment and politically motivated investigations; this follows a recent demand for monetary settlement and a reopened Neuralink probe; incoming SEC Chair Paul Atkins's deregulation stance suggests a potentially more lenient regulat...

Musk Accuses SEC of Harassment as New Chair Signals Regulatory Shift

Elon Musk's lawyer released a letter accusing the SEC of years of harassment and politically motivated investigations; this follows a recent demand for monetary settlement and a reopened Neuralink probe; incoming SEC Chair Paul Atkins's deregulation stance suggests a potentially more lenient regulat...

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What are the immediate consequences of the SEC's recent actions against Elon Musk, and how do these actions impact the broader regulatory landscape?

The SEC, under Gary Gensler, has repeatedly investigated Elon Musk for alleged securities violations, including his tweets about Tesla and his acquisition of Twitter. A recent SEC demand for a monetary settlement from Musk, revealed in a letter from Musk's lawyers, alleges years of harassment. This follows a reopened investigation into Musk's Neuralink.

abcnews.go.com

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Dec 14, 00:36

Musk Sues OpenAI, Alleging Betrayal of Nonprofit Aims and Unfair Competition

Elon Musk is suing OpenAI, alleging breach of its nonprofit status and unfair competition from its partnership with Microsoft, claiming misuse of his donations to create a for-profit monopoly targeting Musk's xAI company; a hearing is set for January.

Musk Sues OpenAI, Alleging Betrayal of Nonprofit Aims and Unfair Competition

Elon Musk is suing OpenAI, alleging breach of its nonprofit status and unfair competition from its partnership with Microsoft, claiming misuse of his donations to create a for-profit monopoly targeting Musk's xAI company; a hearing is set for January.

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What role did internal power struggles and disagreements over OpenAI's governance and future direction play in escalating the conflict between Musk and Altman?

The lawsuit highlights the tension between OpenAI's original mission and its current for-profit structure. Musk's involvement, including early financial contributions and his later creation of xAI, frames the conflict as a battle for dominance in the AI market, fueled by accusations of misused donations and unfair competition. The dispute involves allegations of broken promises and betrayal of the initial, public-benefit focus of OpenAI.

dw.com

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Dec 13, 13:13

39 Holocaust Organizations Quit X Over Antisemitism

On December 12, 2023, 39 UK and German Holocaust-related organizations and individuals deactivated their X accounts in protest of the platform's promotion of misinformation and antisemitism, joining a growing exodus since Elon Musk's takeover.

39 Holocaust Organizations Quit X Over Antisemitism

On December 12, 2023, 39 UK and German Holocaust-related organizations and individuals deactivated their X accounts in protest of the platform's promotion of misinformation and antisemitism, joining a growing exodus since Elon Musk's takeover.

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Peace, Justice, and Strong Institutions

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What prompted 39 Holocaust-related organizations and individuals to simultaneously leave X?

On December 12, 2023, 18 Holocaust-related organizations and 21 individuals primarily in the UK and Germany collectively deactivated their X accounts. This action, part of the "Not One More Word" initiative, protests the platform's amplification of misinformation, abuse, and antisemitic content.

cnbc.com

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Dec 13, 13:13

SEC Demands Settlement from Elon Musk Over Twitter Share Transactions

The SEC demanded a settlement from Elon Musk within 48 hours regarding his Twitter share transactions, prompting accusations of harassment from Musk's lawyer who refused to comply with a subpoena. The SEC investigation concerns possible securities fraud during Musk's 2022 Twitter acquisition.

SEC Demands Settlement from Elon Musk Over Twitter Share Transactions

The SEC demanded a settlement from Elon Musk within 48 hours regarding his Twitter share transactions, prompting accusations of harassment from Musk's lawyer who refused to comply with a subpoena. The SEC investigation concerns possible securities fraud during Musk's 2022 Twitter acquisition.

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What are the immediate consequences of the SEC's settlement demand for Elon Musk?

The SEC issued a settlement demand to Elon Musk regarding his Twitter share purchases and sales, pressuring him for a response within 48 hours or face charges. Musk's lawyer denies the accusations and alleges six years of harassment from the SEC, including the reopening of a Neuralink investigation. The lawyer also refused to comply with a subpoena, escalating the conflict.

forbes.com

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Dec 13, 20:05

Trump Team Seeks to End Automated Driving Crash Reporting Mandate

President-elect Trump's transition team plans to revoke a rule requiring automakers to report crashes involving automated driving systems, aligning with Tesla's stance; since June 2021, 2,746 such crashes were reported, with Tesla accounting for 1,570 (57%).

Trump Team Seeks to End Automated Driving Crash Reporting Mandate

President-elect Trump's transition team plans to revoke a rule requiring automakers to report crashes involving automated driving systems, aligning with Tesla's stance; since June 2021, 2,746 such crashes were reported, with Tesla accounting for 1,570 (57%).

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Industry, Innovation, and Infrastructure

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What are the immediate implications of the Trump transition team's plan to eliminate the automated driving system crash reporting mandate?

President-elect Trump's transition team seeks to eliminate a rule mandating automakers' reporting of crashes involving automated driving systems. This move aligns with Tesla's opposition, as they account for 57% (1,570 out of 2,746) of reported crashes since June 2021. Three Tesla crashes are under NHTSA investigation, including two fatalities in 2023.

us.cnn.com

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Dec 12, 01:09

Elon Musk's Net Worth Hits Record-Breaking \"$400 Billion\"

Elon Musk's net worth hit \"$400 billion\", driven by a \"$350 billion\" SpaceX valuation increase and a \"65%\" Tesla stock rally since the 2024 US presidential election, largely due to his alliance with President-elect Trump.

Elon Musk's Net Worth Hits Record-Breaking \"$400 Billion\"

Elon Musk's net worth hit \"$400 billion\", driven by a \"$350 billion\" SpaceX valuation increase and a \"65%\" Tesla stock rally since the 2024 US presidential election, largely due to his alliance with President-elect Trump.

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What factors contributed to Elon Musk's net worth reaching \"$400 billion\", a record high?

Elon Musk's net worth reached \"$400 billion\", exceeding all previous records. This surge follows a SpaceX deal increasing its valuation to roughly \"$350 billion\", and a Tesla stock rally of approximately \"65%\" since the 2024 US presidential election. His alliance with President-elect Trump and the resulting deregulation expectations significantly boosted Tesla's share price.

abcnews.go.com

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Dec 14, 00:36

SEC Demands Settlement from Elon Musk Over Twitter Acquisition

The SEC has demanded a settlement from Elon Musk regarding his acquisition of Twitter, including an undisclosed fine, or face charges. Musk's lawyer called the SEC's motives into question and noted a reopened investigation into Neuralink. The incoming Trump administration's more business-friendly SE...

SEC Demands Settlement from Elon Musk Over Twitter Acquisition

The SEC has demanded a settlement from Elon Musk regarding his acquisition of Twitter, including an undisclosed fine, or face charges. Musk's lawyer called the SEC's motives into question and noted a reopened investigation into Neuralink. The incoming Trump administration's more business-friendly SE...

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What is the immediate impact of the SEC's settlement demand on Elon Musk and his companies?

The SEC has demanded a settlement from Elon Musk regarding his acquisition of Twitter, including an undisclosed fine, or face charges. Musk's lawyer responded by questioning the SEC's motives and accusing them of an improperly motivated campaign.

cnn.com

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Dec 14, 19:08

US Government Spending Soars, But Federal Workforce Remains Stable

Over the past 40 years, the US population grew by 100 million, while government spending ballooned from $900 billion in 1984 to over $7 trillion in 2024; however, the federal workforce remained relatively stable at around 3 million, prompting a bipartisan effort to improve government efficiency.

US Government Spending Soars, But Federal Workforce Remains Stable

Over the past 40 years, the US population grew by 100 million, while government spending ballooned from $900 billion in 1984 to over $7 trillion in 2024; however, the federal workforce remained relatively stable at around 3 million, prompting a bipartisan effort to improve government efficiency.

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What is the relationship between the dramatic increase in US government spending over the past 40 years and the size of the federal workforce?

The US population increased by roughly 100 million people over the past 40 years, leading to a substantial rise in government spending from $900 billion in 1984 ($2.7 trillion in 2024 dollars) to over $7 trillion in 2024. This surge in spending, however, hasn't proportionally increased the federal workforce, which has remained relatively static around 3 million.

zeit.de

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Dec 13, 13:13

SpaceX seeks to establish Starbase, Texas, as a city.

SpaceX, led by Elon Musk, seeks to incorporate its Starbase complex in Boca Chica, Texas, into a city to accelerate infrastructure development; however, local opposition citing environmental concerns exists.

SpaceX seeks to establish Starbase, Texas, as a city.

SpaceX, led by Elon Musk, seeks to incorporate its Starbase complex in Boca Chica, Texas, into a city to accelerate infrastructure development; however, local opposition citing environmental concerns exists.

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Sustainable Cities and Communities

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What are the immediate consequences of SpaceX's application to incorporate Starbase into a city?

"Elon Musk aims to transform SpaceX's Starbase in Texas into a city, submitting an incorporation request to Cameron County. This move could expedite infrastructure development, making Starbase a desirable place to live, according to a letter published on X. The Starbase complex currently employs roughly 3,500 people, with hundreds residing on-site.", A2="Starbase's incorporation bid reflects SpaceX's significant investment in infrastructure and economic contributions to the region, aiming to establish South Texas as a center for space exploration. However, this expansion faces local opposition due to environmental concerns raised by groups like Save RGV. The county will review the incorporation request before proceeding to a vote.", A3="The success of Starbase's incorporation will significantly impact the region's development and environmental landscape. It could attract further investment and accelerate space exploration initiatives, but also intensify environmental concerns and potentially increase strains on existing infrastructure and resources. The outcome of the vote will be pivotal for both SpaceX and the local community.", Q1="What are the immediate consequences of SpaceX's application to incorporate Starbase into a city?", Q2="How does the local community's opposition to SpaceX's expansion influence the incorporation process?", Q3="What are the long-term environmental and economic implications of Starbase's incorporation for Cameron County and South Texas?", ShortDescription="SpaceX, led by Elon Musk, seeks to incorporate its Starbase complex in Boca Chica, Texas, into a city to accelerate infrastructure development; however, local opposition citing environmental concerns exists.", ShortTitle="SpaceX seeks to establish Starbase, Texas, as a city.")) 2024-12-13T16:05:00.000Z, 2024-12-13T16:05:00.000Z

edition.cnn.com

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Dec 13, 20:05

SEC Demands Fine from Elon Musk for Undisclosed Twitter Share Purchases

The SEC is demanding Elon Musk pay an undisclosed fine for failing to timely disclose his initial Twitter share purchases in 2022; Musk's attorney rejected the demand, citing improper motivation, and the agency's actions reflect ongoing tensions and regulatory scrutiny of his business practices.

SEC Demands Fine from Elon Musk for Undisclosed Twitter Share Purchases

The SEC is demanding Elon Musk pay an undisclosed fine for failing to timely disclose his initial Twitter share purchases in 2022; Musk's attorney rejected the demand, citing improper motivation, and the agency's actions reflect ongoing tensions and regulatory scrutiny of his business practices.

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What are the underlying causes of the ongoing conflict between Elon Musk and the SEC, and how does this relate to broader regulatory issues?

This latest SEC action against Musk stems from his 2022 purchase of 9% of Twitter shares before acquiring the company, a violation of disclosure requirements. The SEC's insistence on a fine, despite Musk's refusal to settle, highlights ongoing tensions and regulatory scrutiny of Musk's business practices. The conflict extends to broader debates around cryptocurrency regulation, where Musk and SEC Chair Gensler hold opposing views.

sueddeutsche.de

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Dec 13, 13:13

SpaceX Seeks to Create Texas City at Starbase

SpaceX, led by Elon Musk, seeks to incorporate its Starbase complex in Boca Chica, Texas, into a new city to facilitate infrastructure development, despite local environmental concerns.

SpaceX Seeks to Create Texas City at Starbase

SpaceX, led by Elon Musk, seeks to incorporate its Starbase complex in Boca Chica, Texas, into a new city to facilitate infrastructure development, despite local environmental concerns.

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Sustainable Cities and Communities

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What is the primary aim of SpaceX's proposal to incorporate Starbase?

Elon Musk's SpaceX seeks to incorporate its Starbase complex in Boca Chica, Texas, into a city to expedite infrastructure development and create a "first-class place to live.", A2=

cnbc.com

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Dec 12, 04:08

Inflation Meets Expectations, Nasdaq Hits Record High

U.S. inflation edged up to 2.7% in November, meeting expectations and bolstering predictions of a Fed rate cut; concurrently, the Nasdaq Composite surpassed 20,000, driven by tech giants' gains, while ETF inflows exceeded $1 trillion.

Inflation Meets Expectations, Nasdaq Hits Record High

U.S. inflation edged up to 2.7% in November, meeting expectations and bolstering predictions of a Fed rate cut; concurrently, the Nasdaq Composite surpassed 20,000, driven by tech giants' gains, while ETF inflows exceeded $1 trillion.

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How do the record inflows into ETFs and the Nasdaq's new high connect with the inflation data and broader market trends?

The November inflation figures, in line with expectations, suggest a continuation of current economic trends. The Nasdaq's surge past 20,000 points, fueled by gains in tech giants like Alphabet and Tesla, reflects investor optimism tied to the anticipated rate cut. However, President-elect Trump's planned tariff increases pose a significant countervailing inflationary risk.

Showing 2,137 to 2,148 of 2,249 results