Key Takeaways Elon Musk announced that Donald Trump has agreed to consider shutting down USAID. The conversation involving Elon Musk, Vivek Ramaswamy, Joni Ernst, and Mike Lee centered around USAID’s alleged corruption. Reports emerged over the weekend about DOGE targeting USAID, with claims of senior staff being placed on administrative leave. USAID, managing $40 billion…
Key Takeaways Tesla introduces a 10% insurance discount for Supervised FSD users in Texas and Arizona to promote its safer driving capabilities. New policyholders can access the discount from February 1, while existing ones will be eligible from March 8. The discount is experimental and reflects Tesla’s confidence in its Full Self-Driving technology, which is…
Key Takeaways Trump has launched tariffs on imports from Canada, Mexico, and China, which may have significant effects on Tesla and other automakers. Canadian PM Justin Trudeau announced counter-tariffs on U.S. goods, emphasizing the potential for trade tension escalation. Industry experts and leaders indicate these tariffs could severely impact the profitability of the auto industry…
Key Takeaways Elon Musk’s DOGE commission has been granted access to sensitive Treasury data, including Social Security and Medicare payment systems. DOGE, a task force under the Trump administration, is set to reduce federal workforce and regulations, thereby gaining extensive control over taxpayer data. The New York Times first revealed the access DOGE has to…
Key Takeaways Elon Musk announced Tesla will produce thousands of Optimus humanoid robots this year to perform tasks in their factory. The production volume of these robots aims to inform the next version, anticipated for launch next year and potentially sold to rival companies. Musk highlighted the long-term revenue potential of Optimus, labeling it as…
Key Takeaways Tesla plans to build a third Megafactory for its Megapack batteries after completing a second facility in Shanghai. Tesla Energy achieved record deployments in energy storage for Q4 2024, with a 244% year-over-year increase. CEO Elon Musk announced the new Megafactory during Tesla’s Q4 2024 earnings call but did not specify the location.…
Key Takeaways A Canadian minister suggests imposing a 100% tariff on Tesla vehicles to counter U.S. tariffs against Canada. The tariffs proposed by Deputy Prime Minister Chrystia Freeland are part of a broader strategy to retaliate against President Trump’s tariff plans. Freeland advocates creating a targeted list of American imports worth $200 billion for potential…
Key Takeaways Meta is considering reincorporating from Delaware to Texas, reportedly having discussions with Texas officials. Mark Zuckerberg, as a controlling shareholder, finds Texas favorable due to business structures it supports. Delaware’s business-friendly court system has recently faced frustration due to certain court rulings, prompting companies to reconsider their legal homes. Dropbox announced its move…
Key Takeaways Palantir CEO Alex Karp defended Elon Musk amidst a controversy where Musk is accused of making a Nazi salute. Musk’s support for Donald Trump has led to accusations of extremism, exacerbating his polarizing image. Israel Prime Minister Benjamin Netanyahu publicly supported Musk, calling the accusations against him a “false smear.” Karp emphasized the…
Key Takeaways FSD Supervised is significantly improving road safety today, even if not perfect. In Q4 2024, Tesla recorded one crash per 5.94 million miles with Autopilot, surpassing the U.S. average of one crash per 702,000 miles. An FSD user’s experience showed FSD Supervised’s practical benefits during a stressful 40-mile hospital drive. The convenience of…