Billionaire Tesla CEO Elon Musk announced Friday afternoon in a post on X that Tesla will unveil its highly anticipated robotaxi later this summer—delivering an after-hours boost to the company’s beleaguered stock.
It was a “nightmare quarter” for Elon Musk’s electric vehicle titan.
A contract between SpaceX and the U.S. is worth $1.8 billion, Reuters reported.
Musk’s net worth is down almost $60 billion in 2024 alone, according to Forbes’ estimates, as Tesla stock tanked and a judge swatted down Musk’s record compensation package.
Novo Nordisk and Eli Lilly each have a higher market capitalization than Tesla, a dramatic shift from the end of 2021, when Tesla was worth four times more than each of the weight loss kingpins.
In a blog post, OpenAI says Musk wanted to merge the company with Tesla, and when this didn’t happen, he gave it a “0%” chance of succeeding against Google.
Musk claimed OpenAI and Altman elected to use the company’s technology “to maximize profits” for Microsoft rather than for the benefit of humanity, adding that its entire line of development “is now veiled in secrecy.”
Musk’s $56 billion compensation package was voided in January in a lawsuit brought forth by a Tesla shareholder.
Musk’s casual Neuralink updates on social media and the company’s failure to publish data go against long standing scientific and ethical protocols and could ultimately stymie progress for all neurotechnology, experts told Forbes.
Elon Musk took aim at OpenAI CEO Sam Altman again Friday over the company’s decision to abandon its original nonprofit model and make money, stoking a longstanding feud with his fellow OpenAI founder as the firm unveiled a powerful new text-to-video AI tool, Sora.