Tag #Elon Musk

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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.

edition.cnn.com

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Dec 12, 07:09

Elon Musk's Net Worth Tops $400 Billion

Elon Musk's net worth hit $400 billion due to a SpaceX deal boosting its valuation by $350 billion, adding to a post-2024-election surge fueled by an alliance with President-elect Trump and Tesla's stock increase.

Elon Musk's Net Worth Tops $400 Billion

Elon Musk's net worth hit $400 billion due to a SpaceX deal boosting its valuation by $350 billion, adding to a post-2024-election surge fueled by an alliance with President-elect Trump and Tesla's stock increase.

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How did the 2024 US presidential election and Musk's relationship with President-elect Trump influence his recent surge in wealth?

Musk's alliance with President-elect Trump and subsequent deregulation expectations boosted Tesla's stock by 65% since the election, contributing to his wealth increase. His AI startup, xAI, also more than doubled in value in November. These gains are in addition to the previously approved, though now legally contested, $101 billion Tesla pay package.

liberation.fr

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Dec 12, 13:11

Elon Musk's Net Worth Tops \$400 Billion Amidst Political Influence Concerns

Elon Musk's net worth exceeded \$400 billion following a surge in Tesla's stock price linked to Donald Trump's election and a \$1.25 billion SpaceX stock purchase; this makes him the largest political donor in recent US history, raising concerns about potential conflicts of interest.

Elon Musk's Net Worth Tops \$400 Billion Amidst Political Influence Concerns

Elon Musk's net worth exceeded \$400 billion following a surge in Tesla's stock price linked to Donald Trump's election and a \$1.25 billion SpaceX stock purchase; this makes him the largest political donor in recent US history, raising concerns about potential conflicts of interest.

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How did Elon Musk's political contributions influence his financial gains?

The rise in Tesla's stock price reflects anticipated policy changes under the Trump administration, favoring Tesla's autonomous vehicle development and electric vehicle tax credits. SpaceX's stock purchase further boosted Musk's wealth by approximately \$50 billion, demonstrating the interconnectedness of his business ventures and political influence.

cnbc.com

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Dec 12, 19:12

Eli Lilly Stock Rebounds After Initial Post-Election Dip

Post-election, Eli Lilly's stock initially fell 6% due to concerns over President-elect Trump's choice for Health and Human Services, but has since rebounded due to meetings between Eli Lilly's CEO and the President-elect, coupled with Elon Musk's public support for affordable weight-loss drugs, ind...

Eli Lilly Stock Rebounds After Initial Post-Election Dip

Post-election, Eli Lilly's stock initially fell 6% due to concerns over President-elect Trump's choice for Health and Human Services, but has since rebounded due to meetings between Eli Lilly's CEO and the President-elect, coupled with Elon Musk's public support for affordable weight-loss drugs, ind...

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Good Health and Well-being

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How did the appointment of Robert F. Kennedy Jr. initially impact Eli Lilly's stock performance, and how has that perception evolved?

The initial negative market reaction to the election outcome for Eli Lilly was likely based on concerns about Robert F. Kennedy Jr.'s views on vaccines and weight-loss drugs. However, this narrative shifted following positive signals: a meeting between Eli Lilly's CEO and President-elect Trump, and Elon Musk's endorsement of affordable access to weight-loss medications. These events suggest a potential for collaboration that could benefit Eli Lilly.

bbc.com

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Dec 11, 04:10

GM Halts Funding for Cruise Self-Driving Taxi Project

General Motors announced it is ending funding for its Cruise self-driving taxi project due to the competitive market and resource demands, shifting focus to autonomous personal vehicles; this follows a series of setbacks including job cuts, safety incidents, and a criminal investigation.

GM Halts Funding for Cruise Self-Driving Taxi Project

General Motors announced it is ending funding for its Cruise self-driving taxi project due to the competitive market and resource demands, shifting focus to autonomous personal vehicles; this follows a series of setbacks including job cuts, safety incidents, and a criminal investigation.

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Industry, Innovation, and Infrastructure

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How did safety incidents and regulatory issues contribute to GM's decision?

GM's decision highlights challenges in the autonomous vehicle sector. The intense competition from companies like Tesla, Waymo, and Amazon, coupled with the significant financial investment needed, makes profitability uncertain. Cruise's safety issues and subsequent investigation further exacerbated these difficulties.

gr.euronews.com

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Dec 11, 22:09

SpaceX Valuation Hits \$350 Billion

SpaceX's valuation soared to \$350 billion after a secondary stock offering, making it the world's most valuable private startup; the company bought back up to \$1.25 billion of its shares, increasing the stock price by 65%.

SpaceX Valuation Hits \$350 Billion

SpaceX's valuation soared to \$350 billion after a secondary stock offering, making it the world's most valuable private startup; the company bought back up to \$1.25 billion of its shares, increasing the stock price by 65%.

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Decent Work and Economic Growth

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What is the immediate impact of SpaceX's increased valuation?

"A secondary offering of SpaceX stock valued the company at \$350 billion, a 65% increase from its previous valuation of \$250 billion. This increase follows a recent deal where SpaceX purchased up to \$1.25 billion in company stock from investors and employees.", "The increase in SpaceX's valuation makes it the most valuable private startup globally.", "This valuation increase reflects the current market sentiment toward SpaceX's space exploration ambitions, as well as the growth of its Starlink internet service."

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.

cnbc.com

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Dec 12, 10:11

Inflation Meets Expectations, Nasdaq Hits Record High Amidst Global Economic Uncertainty

U.S. inflation increased to 2.7% in November, meeting forecasts; the Nasdaq Composite surpassed 20,000 points, driven by tech giants like Alphabet and Tesla; OPEC lowered its global oil demand growth forecast for the fifth consecutive month; South Korea's stock market underperformance persists amids...

Inflation Meets Expectations, Nasdaq Hits Record High Amidst Global Economic Uncertainty

U.S. inflation increased to 2.7% in November, meeting forecasts; the Nasdaq Composite surpassed 20,000 points, driven by tech giants like Alphabet and Tesla; OPEC lowered its global oil demand growth forecast for the fifth consecutive month; South Korea's stock market underperformance persists amids...

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What is the immediate market impact of the November inflation figures meeting expectations?

U.S. inflation rose to 2.7% in November, matching predictions. Core inflation stayed at 3.3%. Despite this, a 96% probability exists that the Federal Reserve will lower interest rates this month.

nbcnews.com

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Dec 12, 22:16

"Trump Nominees Moderate Stances for Senate Confirmation While DOGE Appointees Push for Spending Cuts"

"President-elect Trump's Cabinet nominees are moderating their public statements to secure Senate confirmation, unlike his non-Senate appointees, Elon Musk and Vivek Ramaswamy, who are freely advocating for $2 trillion in federal spending cuts, highlighting a key division within Trump's team."

"Trump Nominees Moderate Stances for Senate Confirmation While DOGE Appointees Push for Spending Cuts"

"President-elect Trump's Cabinet nominees are moderating their public statements to secure Senate confirmation, unlike his non-Senate appointees, Elon Musk and Vivek Ramaswamy, who are freely advocating for $2 trillion in federal spending cuts, highlighting a key division within Trump's team."

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"What immediate impact does the need for Senate confirmation have on President-elect Trump's Cabinet nominees' public statements and policy positions?"

"President-elect Trump's controversial Cabinet nominees are modifying their stances to secure Senate confirmation, while his non-Senate appointees, Elon Musk and Vivek Ramaswamy, are freely pursuing $2 trillion in federal spending cuts. This contrast highlights a key division within Trump's inner circle. The pressure to gain Senate approval is forcing some nominees to moderate their prior public statements."

dailymail.co.uk

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Dec 11, 01:09

"DOGE Targets $2 Trillion in US Budget Cuts, Sparking Foreign Aid Debate"

"Elon Musk's Department of Government Efficiency (DOGE) plans to cut $2 trillion from the U.S. budget, with a focus on foreign aid, sparking debate among lawmakers about the impact on domestic and international affairs."

"DOGE Targets $2 Trillion in US Budget Cuts, Sparking Foreign Aid Debate"

"Elon Musk's Department of Government Efficiency (DOGE) plans to cut $2 trillion from the U.S. budget, with a focus on foreign aid, sparking debate among lawmakers about the impact on domestic and international affairs."

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"What are the main arguments for and against DOGE's proposed cuts to foreign aid, and what are the potential international consequences?"

"The proposed cuts reflect a broader debate on government spending and priorities. Republicans, like Reps. Norman and Comer, support slashing foreign aid, excluding Israel, while Democrats, such as Rep. Hoyer, advocate for targeted cuts that avoid disrupting essential services. The debate highlights the tension between fiscal responsibility and social programs.",

theguardian.com

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Dec 11, 16:09

SpaceX Valuation Soars to $350 Billion in Employee Share Buyback

SpaceX's employee share buyback valued the company at $350 billion, almost double its value a year ago, fueled by substantial government contracts and investor confidence in continued growth under a Trump administration.

SpaceX Valuation Soars to $350 Billion in Employee Share Buyback

SpaceX's employee share buyback valued the company at $350 billion, almost double its value a year ago, fueled by substantial government contracts and investor confidence in continued growth under a Trump administration.

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What is the current valuation of SpaceX, and what factors contributed to this significant increase?

SpaceX, valued at $350 billion, repurchased employee shares at $185 each, a significant increase from $112 a few months prior. This signifies investor confidence and a substantial valuation increase in a short time. SpaceX itself contributed $500 million to the $1.25 billion buyback, with the rest coming from investors like Baillie Gifford and Sequoia Capital.

elpais.com

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Dec 11, 22:09

Musk's Net Worth Surges Past \$400 Billion After Trump Victory

Elon Musk's net worth has exceeded \$400 billion following Donald Trump's election, driven by increased valuations of SpaceX (\$350 billion) and Tesla, alongside xAI's valuation doubling. This surge is partially attributed to Trump's appointment of a SpaceX customer as NASA administrator and potenti...

Musk's Net Worth Surges Past \$400 Billion After Trump Victory

Elon Musk's net worth has exceeded \$400 billion following Donald Trump's election, driven by increased valuations of SpaceX (\$350 billion) and Tesla, alongside xAI's valuation doubling. This surge is partially attributed to Trump's appointment of a SpaceX customer as NASA administrator and potenti...

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What is the primary factor driving the dramatic increase in Elon Musk's net worth?

Elon Musk's net worth has more than doubled in less than two months, surpassing \$400 billion and reaching \$439.2 billion, due to a surge in Tesla's stock price and increased valuations of SpaceX and xAI. This follows Donald Trump's election victory and subsequent appointments.

Showing 2,149 to 2,160 of 2,251 results