In the Madison Square Garden rally of Republican presidential candidate Donald Trump, Tesla owner Elon Musk showed up to extend his support to the former president.&nbsp;

During the rally on Monday (Oct 28), Musk was seen wearing a hat on which was written "Make America Great Again" in a font which appeared to be Nazi typography, said a report by FastCompany Magazine.

“I’m dark gothic MAGA,” Musk had said in the rally.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/trump-wraps-up-msg-rally-while-grooving-with-melania-vows-to-win-new-york-771283">Trump wraps up MSG rally while grooving with Melania, vows to win New York</a>

The hat, which triggered a controversy, had the MAGA message on it, which was associated with Donald Trump. The message appeared to have been written in jagged, gothic-looking letters, however, social media users said that it appeared to be a type of “blackletter” or Nazi font.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
Elon posted his MAGA hat which uses the Fraktur font, popular in nazi Germany. He wore this at a rally meant to evoke the 1939 nazi rally at Madison Square Garden. 
 
He's telling you who he is. <a href="https://t.co/TJzyBF0MLk">pic.twitter.com/TJzyBF0MLk</a>
— Alejandra Caraballo is on Bluesky/Threads (@Esqueer_) <a href="https://twitter.com/Esqueer_/status/1850693791201522107?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

A lot of netizens said that the font was 'Fraktur'.&nbsp;

<h2>All about the Nazi font 'Fraktur'</h2>

In Germany, the font 'Fraktur' was used by Nazis and it was also part of a subset of “black letter” fonts which had a connection with the German folk styles of calligraphy.

The Fraktur font was used in Nazi propaganda and also in Adolf Hitler's Mein Kampf.&nbsp;

Managing editor of Fonts In Use typography archive Florian Hardwig said that the font was disavowed by the Nazis after rumours spread about it being created by a Jewish person.

Although it was out of style, it was popular as Nazi ideology's very evocative marker among the layman. This is why its presence on Musk's hat incited shock among many users.

Watch:&nbsp;US Elections: Comedian's Joke On Puerto At Trump Event Sparks Controversy

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/us-elections-comedians-joke-on-puerto-at-trump-event-sparks-controversy-771555/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Although some font and calligraphy experts did not agree that Musk's hat had Fraktur font on it, a similarity in the letter led many to think that it was actually 'Fraktur'.

Some of the netizens questioned Musk's intentions behind wearing such an offensive hat.&nbsp;

“Choosing such a style for an application outside specific fields such as newspaper mastheads or beer logos is typically done for the sake of provocation," Hardwig said.&nbsp;

Taking to X, a netizen wrote, “Elon posted his MAGA hat, which uses the Fraktur font, popular in nazi Germany. He wore this at a rally meant to evoke the 1939 nazi rally at Madison Square Garden.”

(With inputs from agencies)

In the Madison Square Garden rally of Republican presidential candidate Donald Trump, Tesla owner Elon Musk showed up to extend his support to the former president.

In the Madison Square Garden rally of Republican presidential candidate Donald Trump, Tesla owner Elon Musk showed up to extend his support to the former president. During the rally on Monday (Oct 28), Musk was seen wearing a hat on which was written "Make America Great Again" in a font which appeared to be Nazi typography, said a report by FastCompany Magazine. “I’m dark gothic MAGA,” Musk had said in the rally. Also Read: Trump wraps up MSG rally while grooving with Melania, vows to win New York The hat, which triggered a controversy, had the MAGA message on it, which was associated with Donald Trump. The message appeared to have been written in jagged, gothic-looking letters, however, social media users said that it appeared to be a type of “blackletter” or Nazi font. Elon posted his MAGA hat which uses the Fraktur font, popular in nazi Germany. He wore this at a rally meant to evoke the 1939 nazi rally at Madison Square Garden. He's telling you who he is. pic.twitter.com/TJzyBF0MLk — Alejandra Caraballo is on Bluesky/Threads (@Esqueer_) October 28, 2024 × A lot of netizens said that the font was 'Fraktur'. All about the Nazi font 'Fraktur' In Germany, the font 'Fraktur' was used by Nazis and it was also part of a subset of “black letter” fonts which had a connection with the German folk styles of calligraphy. The Fraktur font was used in Nazi propaganda and also in Adolf Hitler's Mein Kampf. Managing editor of Fonts In Use typography archive Florian Hardwig said that the font was disavowed by the Nazis after rumours spread about it being created by a Jewish person. Although it was out of style, it was popular as Nazi ideology's very evocative marker among the layman. This is why its presence on Musk's hat incited shock among many users. Watch: US Elections: Comedian's Joke On Puerto At Trump Event Sparks Controversy Although some font and calligraphy experts did not agree that Musk's hat had Fraktur font on it, a similarity in the letter led many to think that it was actually 'Fraktur'. Some of the netizens questioned Musk's intentions behind wearing such an offensive hat. “Choosing such a style for an application outside specific fields such as newspaper mastheads or beer logos is typically done for the sake of provocation," Hardwig said. Taking to X, a netizen wrote, “Elon posted his MAGA hat, which uses the Fraktur font, popular in nazi Germany. He wore this at a rally meant to evoke the 1939 nazi rally at Madison Square Garden.” (With inputs from agencies)

US Elections 2024: Was Musk sporting a MAGA hat with ‘Nazi font’ at Trump rally?

Investors and analysts have been skeptical of Tesla CEO Elon Musk’s ambitious forecast that his company will be selling 30 percent more vehicles in 2025 than it does today. The optimism behind that, Musk said, is due to the fact that there is a new, cheaper version of the Model 3 coming out and work is being done on the company’s self driving software. But currently market dynamics make this fulfilling this prediction difficult.

After the announcement, Tesla shares had their largest one-day spike since a May 2013 report announcing profit in its first quarter. While Musk is charting new courses like a robotaxi service, investors are finally breathing a sigh of relief that he is refocusing on the business' core.

But analysts are wary of pitfalls. The global slowdown in electric vehicle (EV) sales growth, intense competition in markets critical to Tesla’s future such as China and the U.S. are hobbling demand for Tesla’s beleaguered and aging vehicle lineup while Musk’s growth target of 20 to 30 percent surpasses Wall Street’s expectations. The introduction of the new model with a price under USD 30,000 as well as the fresh Model Y should lead to 12 percent growth, Deutsche Bank predicts, whereas the growth will be 13 percent, according to RBC analysts.

But Sam Fiorani, vice president of AutoForecast Solutions, had little to say of the Visteon projection of 20 per cent growth next year. "Over the past few months, Tesla has seen some signs of a slowdown in demand for its products and one strong quarter doesn't necessarily point to trend."

Global sales of EV are projected to jump almost 23 per cent this year, down from last year's 35 per cent growth, according to the International Energy Agency. About two-thirds of global consumption is in China, and Europe and the U.S. are each over 20 percent; the remaining one third is divided among Latin America, the Middle East, Africa, and Asia.

In a highly competitive landscape, U.S. automakers fear being undercut by lower-priced Chinese models, especially as companies like BYD gain traction in Europe. "Beating BYD at its own game is a significant challenge for Tesla," noted Pat Ryan, founder of the car shopping platform CoPilot. Additionally, affordability remains a critical issue for consumers, with rising auto loan costs and potential changes to EV tax incentives under a future Trump administration posing further challenges.

Investors and analysts have been skeptical of Tesla CEO Elon Musk’s ambitious forecast that his company will be selling 30 percent more vehicles in 2025 than it does today.

Investors and analysts have been skeptical of Tesla CEO Elon Musk’s ambitious forecast that his company will be selling 30 percent more vehicles in 2025 than it does today. The optimism behind that, Musk said, is due to the fact that there is a new, cheaper version of the Model 3 coming out and work is being done on the company’s self driving software. But currently market dynamics make this fulfilling this prediction difficult. After the announcement, Tesla shares had their largest one-day spike since a May 2013 report announcing profit in its first quarter. While Musk is charting new courses like a robotaxi service, investors are finally breathing a sigh of relief that he is refocusing on the business' core. But analysts are wary of pitfalls. The global slowdown in electric vehicle (EV) sales growth, intense competition in markets critical to Tesla’s future such as China and the U.S. are hobbling demand for Tesla’s beleaguered and aging vehicle lineup while Musk’s growth target of 20 to 30 percent surpasses Wall Street’s expectations. The introduction of the new model with a price under USD 30,000 as well as the fresh Model Y should lead to 12 percent growth, Deutsche Bank predicts, whereas the growth will be 13 percent, according to RBC analysts. But Sam Fiorani, vice president of AutoForecast Solutions, had little to say of the Visteon projection of 20 per cent growth next year. "Over the past few months, Tesla has seen some signs of a slowdown in demand for its products and one strong quarter doesn't necessarily point to trend." Global sales of EV are projected to jump almost 23 per cent this year, down from last year's 35 per cent growth, according to the International Energy Agency. About two-thirds of global consumption is in China, and Europe and the U.S. are each over 20 percent; the remaining one third is divided among Latin America, the Middle East, Africa, and Asia. In a highly competitive landscape, U.S. automakers fear being undercut by lower-priced Chinese models, especially as companies like BYD gain traction in Europe. "Beating BYD at its own game is a significant challenge for Tesla," noted Pat Ryan, founder of the car shopping platform CoPilot. Additionally, affordability remains a critical issue for consumers, with rising auto loan costs and potential changes to EV tax incentives under a future Trump administration posing further challenges.

Elon Musk's 2025 Tesla sales projections spark doubt among analysts

Billionaire Elon Musk attended Donald Trump’s important rally in Manhattan with his 4-year-old son, who wore a custom red hat with the slogan “Make Voting Great Again,” a play on Trump’s well-known phrase "Make America Great Again".

The Tesla CEO arrived at Madison Square Garden in New York on Sunday (Oct 27), accompanied by his mother, Maye Musk, and his son, X Æ A-Xii, who was seen holding a Trump Vance sign featuring his father’s name.

At the event were several notable figures, including Trump’s running mate JD Vance, Trump’s wife Melania, his sons Donald Jr. and Eric, wrestler Hulk Hogan, and TV personality Dr. Phil. Also present were members of Trump’s presidential transition team, Robert F. Kennedy Jr. and Tulsi Gabbard, alongside Musk.

X Æ A-Xii, born on 4 May 2020, is Musk’s son with singer Grimes. Musk, wearing his own black MAGA hat, held his son before taking to the stage, standing next to former First Lady Melania Trump.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
Elon Musk with his son named X Æ A-Xii, or X, and Melania Trump at a Trump rally <a href="https://t.co/hpVK41YYGW">pic.twitter.com/hpVK41YYGW</a>
— S p r i n t e r (@SprinterFamily) <a href="https://twitter.com/SprinterFamily/status/1850820654519480539?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

Musk has increasingly become one of Trump’s prominent supporters, contributing $75 million to a pro-Trump super PAC and speaking at several rallies in support of the Republican candidate.

A photo of Melania Trump with Musk’s young son gained attention on social media after the event, with many users reacting warmly.

"Such a sweet photo! I can tell you love kids Melania! You have a mother’s smile and a gentle touch. Precious," one user wrote.

Also read:&nbsp;<a href="https://www.wionews.com/world/donald-trump-comes-under-fire-after-comedian-at-his-rally-calls-puerto-rico-island-of-garbage-771401">Donald Trump comes under fire after comedian at his rally calls Puerto Rico 'island of garbage'</a>

"Beautiful picture of our beautiful First Lady Melania Trump, Little X and Elon Musk," another fan commented. "Make Melania First Lady Again," someone else added.

“Little X loves the crowd cheering,” another user said.

“What a wonderful moment for Maye too. She has to be so proud of her son,” said another.

Others commented, “Little, little X is adorable! #MAGA,” and “Adorable. The positive vibes towards his Daddy have Lil X dancing with joy.”

One person added, "little X is a celebrity So adorbs."

On 27 October, Trump spoke to the crowd in Manhattan, outlining what he envisions for a potential second term. New York, however, is reportedly expected to lean towards Democratic opponent Kamala Harris in the upcoming election.

(With inputs from agencies)

Billionaire Elon Musk attended Donald Trump’s important rally in Manhattan with his 4-year-old son, who wore a custom red hat with the slogan “Make Voting Great Again,” a play on Trump’s well-known phrase "Make America Great Again".

Billionaire Elon Musk attended Donald Trump’s important rally in Manhattan with his 4-year-old son, who wore a custom red hat with the slogan “Make Voting Great Again,” a play on Trump’s well-known phrase "Make America Great Again". The Tesla CEO arrived at Madison Square Garden in New York on Sunday (Oct 27), accompanied by his mother, Maye Musk, and his son, X Æ A-Xii, who was seen holding a Trump Vance sign featuring his father’s name. At the event were several notable figures, including Trump’s running mate JD Vance, Trump’s wife Melania, his sons Donald Jr. and Eric, wrestler Hulk Hogan, and TV personality Dr. Phil. Also present were members of Trump’s presidential transition team, Robert F. Kennedy Jr. and Tulsi Gabbard, alongside Musk. X Æ A-Xii, born on 4 May 2020, is Musk’s son with singer Grimes. Musk, wearing his own black MAGA hat, held his son before taking to the stage, standing next to former First Lady Melania Trump. Elon Musk with his son named X Æ A-Xii, or X, and Melania Trump at a Trump rally pic.twitter.com/hpVK41YYGW — S p r i n t e r (@SprinterFamily) October 28, 2024 × Musk has increasingly become one of Trump’s prominent supporters, contributing $75 million to a pro-Trump super PAC and speaking at several rallies in support of the Republican candidate. A photo of Melania Trump with Musk’s young son gained attention on social media after the event, with many users reacting warmly. "Such a sweet photo! I can tell you love kids Melania! You have a mother’s smile and a gentle touch. Precious," one user wrote. Also read: Donald Trump comes under fire after comedian at his rally calls Puerto Rico 'island of garbage' "Beautiful picture of our beautiful First Lady Melania Trump, Little X and Elon Musk," another fan commented. "Make Melania First Lady Again," someone else added. “Little X loves the crowd cheering,” another user said. “What a wonderful moment for Maye too. She has to be so proud of her son,” said another. Others commented, “Little, little X is adorable! #MAGA,” and “Adorable. The positive vibes towards his Daddy have Lil X dancing with joy.” One person added, "little X is a celebrity So adorbs." On 27 October, Trump spoke to the crowd in Manhattan, outlining what he envisions for a potential second term. New York, however, is reportedly expected to lean towards Democratic opponent Kamala Harris in the upcoming election. (With inputs from agencies)

Elon Musk’s son steals the show at Trump’s NYC rally, donning a unique 'Make Voting Great Again' hat

A shocking video of an altercation outside Kamala Harris’&nbsp;rally has gone viral, where a woman was seen screaming at a young girl. The video was captured at the Houston Metro station outside Shell Energy Stadium in Houston, where popstar Beyonce endorsed the vice president on Friday.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
Poor kid. That was messed up.
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1850188448013176980?ref_src=twsrc%5Etfw">October 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

In the viral video, a Harris supporter in a light blue T-shirt bends down and yells in the face of a little girl sitting in a stroller. As the nearby people look at her in shock, a woman with a “Harris/Walz” sign in her hand pulls the woman away from the child. The girl's father takes her into his arms, away from her the agitated woman.

Also read |&nbsp;<a href="https://www.wionews.com/world/chinese-hackers-allegedly-intercept-calls-texts-of-trump-harris-campaigns-ahead-of-2024-us-election-771192">Chinese hackers allegedly intercept calls, texts of Trump, Harris campaigns ahead of 2024 US election</a>

The kid’s father can be seen holding a microphone, suggesting he was likely addressing the crowd moments before this confrontation was captured on the camera. However, it is unclear what led to this heated moment outside the Harris rally. A nearby onlooker can be heard saying to the woman, “Are you not ashamed at all? Look at her face!”

<h2>Netizens react to viral video</h2>

The footage of the incident shared on X has gone viral on social media. The video has gained over 22 million views, more than 124k likes and 11k comments. People in the comments section could be seen reacting to the video, criticising the woman’s actions and guessing what could be the reason.

A user wrote, “No need to ever shout at children like that... EVER!”

Also read |&nbsp;<a href="https://www.wionews.com/world/us-elections-2024-what-identification-do-you-need-to-vote-in-the-us-771140">US elections 2024: What identification do you need to vote in the US?</a>

Another user wondered, “Any idea what made her scream at the kid? Dad has a microphone in hand so he obviously said something that triggered her. Terrible thing to do, just curious.”

A third commented, ”This is not right on any level.”

X owner Elon Musk also criticised the actions of the woman, “Poor kid. That was messed up.”

(With inputs from agencies)

A shocking video of an altercation outside Kamala Harris’ rally has gone viral, where a woman was seen screaming at a young girl. The video was captured at the Houston Metro station outside Shell Energy Stadium in Houston, where popstar Beyonce endorsed the vice president on Friday.

A shocking video of an altercation outside Kamala Harris’ rally has gone viral, where a woman was seen screaming at a young girl. The video was captured at the Houston Metro station outside Shell Energy Stadium in Houston, where popstar Beyonce endorsed the vice president on Friday. Poor kid. That was messed up. — Elon Musk (@elonmusk) October 26, 2024 × In the viral video, a Harris supporter in a light blue T-shirt bends down and yells in the face of a little girl sitting in a stroller. As the nearby people look at her in shock, a woman with a “Harris/Walz” sign in her hand pulls the woman away from the child. The girl's father takes her into his arms, away from her the agitated woman. Also read | Chinese hackers allegedly intercept calls, texts of Trump, Harris campaigns ahead of 2024 US election The kid’s father can be seen holding a microphone, suggesting he was likely addressing the crowd moments before this confrontation was captured on the camera. However, it is unclear what led to this heated moment outside the Harris rally. A nearby onlooker can be heard saying to the woman, “Are you not ashamed at all? Look at her face!” Netizens react to viral video The footage of the incident shared on X has gone viral on social media. The video has gained over 22 million views, more than 124k likes and 11k comments. People in the comments section could be seen reacting to the video, criticising the woman’s actions and guessing what could be the reason. A user wrote, “No need to ever shout at children like that... EVER!” Also read | US elections 2024: What identification do you need to vote in the US? Another user wondered, “Any idea what made her scream at the kid? Dad has a microphone in hand so he obviously said something that triggered her. Terrible thing to do, just curious.” A third commented, ”This is not right on any level.” X owner Elon Musk also criticised the actions of the woman, “Poor kid. That was messed up.” (With inputs from agencies)

Netizens react to Harris supporter screaming at little girl at Houston rally: Watch

United States President Joe Biden has publicly slammed Tesla CEO Elon Musk for his hypocrisy regarding the country's immigration laws, following reports that the Tesla CEO worked illegally in the United States during the 1990s.

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:85,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1772}">Biden slams Musk's Hypocrisy&nbsp;</h2>

Speaking at a campaign event in Pittsburgh, Biden while referring to a Washington Post report alleging that Musk arrived in the US on a student visa for a graduate programme at Stanford University in 1995 but never actually enrolled said: "And he's talking about all these illegals coming our way?"

Also read |&nbsp;<a bis_size="{&quot;x&quot;:8,&quot;y&quot;:197,&quot;w&quot;:720,&quot;h&quot;:34,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1884}" data-ved="2ahUKEwib0tDux7CJAxU2R2wGHedbEDQ4ChDF9AEoAHoECBAQAQ" href="https://www.wionews.com/world/musk-pledges-1mn-daily-cash-giveaways-to-trump-supporters-as-2024-us-election-battle-heats-up-769071" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/musk-pledges-1mn-daily-cash-giveaways-to-trump-supporters-as-2024-us-election-battle-heats-up-769071&amp;ved=2ahUKEwib0tDux7CJAxU2R2wGHedbEDQ4ChDF9AEoAHoECBAQAQ">Musk pledges $1mn daily cash giveaways to Trump supporters as 2024 US Election battle heats up</a>

"That wealthiest man in the world turned out to be an illegal worker here. No, I'm serious. He was supposed to be in school when he came on a student visa. He wasn't in school. He was violating the law. And he's talking about all these illegals coming our way?" remarked Biden.

This comment comes as Musk has increasingly engaged in political discourse, often echoing anti-immigration sentiments similar to those of former President Donald Trump, whom he has endorsed.

In response to Biden's remarks, Musk took to X (formerly Twitter) to assert: "I was in fact allowed to work in the US," and dismissed Biden's claims as false.

"The Biden puppet is lying," he claimed.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
I was in fact allowed to work in the US. 
 
The Biden puppet is lying.
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1850397222183022624?ref_src=twsrc%5Etfw">October 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Musk clarified that he transitioned from a J-1 visa, which permits foreign students to gain practical training, to an H-1B visa for temporary employment.

Also read |&nbsp;<a data-ved="2ahUKEwib0tDux7CJAxU2R2wGHedbEDQ4ChDF9AEoAHoECBIQAQ" href="https://www.wionews.com/world/elon-musk-to-join-trumps-team-billionaire-dying-to-be-uss-secretary-of-cost-cutting-says-ex-president-767176" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/elon-musk-to-join-trumps-team-billionaire-dying-to-be-uss-secretary-of-cost-cutting-says-ex-president-767176&amp;ved=2ahUKEwib0tDux7CJAxU2R2wGHedbEDQ4ChDF9AEoAHoECBIQAQ">Elon Musk to join Trump's team? Billionaire 'dying' to be US' 'secretary of cost-cutting,' says ex-president</a>

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:499,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:2186}">Is Musk an illegal worker?</h2>

The Washington Post, on Saturday (Oct 16) reported that during a brief period in the 1990s, South African-born billionaire Musk worked illegally in the US while building his startup company Zip2.

It further highlighted concerns from investors at Zip2 about Musk's immigration status, noting that he was under pressure to secure a work visa. It also referenced a 2005 email in which Musk to Tesla co-founders acknowledged not having legal authorisation to remain in the US when he began working on his startup.&nbsp;

Citing two immigration law experts,&nbsp;the report noted that, to maintain valid work authorisation as a student, Musk would have needed to be enrolled in a full course of study. Instead, he allegedly focused on his startup, Zip2, which he sold in 1999 for around $300 million.

Musk himself previously acknowledged on a podcast, back in 2020: "I was legally there, but I was meant to be doing student work. I was allowed to do work sort of supporting whatever."

(With inputs from agencies)

United States President Joe Biden has publicly slammed Tesla CEO Elon Musk for his hypocrisy regarding the country's immigration laws, following reports that the Tesla CEO worked illegally in the United States during the 1990s.

United States President Joe Biden has publicly slammed Tesla CEO Elon Musk for his hypocrisy regarding the country's immigration laws, following reports that the Tesla CEO worked illegally in the United States during the 1990s. Biden slams Musk's Hypocrisy Speaking at a campaign event in Pittsburgh, Biden while referring to a Washington Post report alleging that Musk arrived in the US on a student visa for a graduate programme at Stanford University in 1995 but never actually enrolled said: "And he's talking about all these illegals coming our way?" Also read | Musk pledges $1mn daily cash giveaways to Trump supporters as 2024 US Election battle heats up "That wealthiest man in the world turned out to be an illegal worker here. No, I'm serious. He was supposed to be in school when he came on a student visa. He wasn't in school. He was violating the law. And he's talking about all these illegals coming our way?" remarked Biden. This comment comes as Musk has increasingly engaged in political discourse, often echoing anti-immigration sentiments similar to those of former President Donald Trump, whom he has endorsed. In response to Biden's remarks, Musk took to X (formerly Twitter) to assert: "I was in fact allowed to work in the US," and dismissed Biden's claims as false. "The Biden puppet is lying," he claimed. I was in fact allowed to work in the US. The Biden puppet is lying. — Elon Musk (@elonmusk) October 27, 2024 × Musk clarified that he transitioned from a J-1 visa, which permits foreign students to gain practical training, to an H-1B visa for temporary employment. Also read | Elon Musk to join Trump's team? Billionaire 'dying' to be US' 'secretary of cost-cutting,' says ex-president Is Musk an illegal worker? The Washington Post, on Saturday (Oct 16) reported that during a brief period in the 1990s, South African-born billionaire Musk worked illegally in the US while building his startup company Zip2. It further highlighted concerns from investors at Zip2 about Musk's immigration status, noting that he was under pressure to secure a work visa. It also referenced a 2005 email in which Musk to Tesla co-founders acknowledged not having legal authorisation to remain in the US when he began working on his startup. Citing two immigration law experts, the report noted that, to maintain valid work authorisation as a student, Musk would have needed to be enrolled in a full course of study. Instead, he allegedly focused on his startup, Zip2, which he sold in 1999 for around $300 million. Musk himself previously acknowledged on a podcast, back in 2020: "I was legally there, but I was meant to be doing student work. I was allowed to do work sort of supporting whatever." (With inputs from agencies)

'And he's talking about illegals': Biden slams Musk over 'illegal worker' claims; Tesla CEO hits back

Tech billionaire Elon Musk stayed illegally in the United States before he became one of the Donald Trump's largest donors. Watch this report to know more.

Report: Elon Musk Stayed Illegally In US

X owner Elon Musk has been in regular contact with Russian President Vladimir Putin since late 2022, according to a report by The Wall Street Journal.&nbsp;

Musk and Putin continued to hold talks into this year, even as the Tesla CEO&nbsp;began to criticise the United States military support for Ukraine and became actively involved in the election campaign of Republican candidate and former US&nbsp;president Donald Trump, according to the Journal's intelligence sources.&nbsp;

The media report&nbsp;came less than two weeks&nbsp;ahead of the&nbsp;US presidential&nbsp;election.&nbsp;

<a href="https://www.wionews.com/world/elon-musks-america-pac-under-fire-for-1-million-giveaway-doj-warns-of-potential-federal-law-violation-770218">Also read:&nbsp;Elon Musk's America PAC under fire for $1 million giveaway; DOJ warns of potential federal law violation</a>

However, Musk's influence extends far beyond politics, through his social media platform X and his tech firm SpaceX. With the help of these platforms, he has megabucks government contracts and high-level security clearance to classified US information.

The Russian president once asked Musk to avoid activating his Starlink satellite internet service over Taiwan as a favour to Chinese President Xi Jinping, report WSJ citing&nbsp;two people who were briefed on the request.&nbsp;

His Starlink satellite internet service highlights a major aspect of Musk's influence. Notably, he gave Ukraine free access to his system after Putin launched his full-scale invasion of Ukraine in February 2022.

Watch |&nbsp;US Election 2024: Musk Makes Controversial Announcement

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/us-election-2024-musk-makes-controversial-announcement-769415/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Musk's move was lauded as an important tool in Ukraine's ability to fight back against the Russian invasion.&nbsp;However, relations between Musk and Ukrainian authorities cooled down as the&nbsp;war progressed.&nbsp;

The X owner, later, stopped funding the terminals for Ukraine and also prohibited its military's use of Starlink to control drones.&nbsp;

In October 2022, Musk began posting a trail of Kremlin talking points about the war on social media platform X, which he presented as a plan for peace. However, his posts triggered major pushback from top officials in Kyiv and&nbsp;Ukrainian President Volodymyr Zelensky.

<h2>Kremlin denies report</h2>

Kremlin on Friday (Oct 25)&nbsp;denied the reports of Musk in talks with Putin.&nbsp;"It's all untrue, absolutely false information published in the newspaper," Kremlin spokesman Dmitry Peskov told journalists.&nbsp;

(With inputs from agencies)

X owner Elon Musk has been in regular contact with Russian President Vladimir Putin since late 2022, according to a report by The Wall Street Journal. Musk and Putin continued to hold talks into this year, even as the Tesla CEO began to criticise the United States military support for Ukraine and became actively involved in the election campaign of Republican candidate and former US president Donald Trump, according to the Journal's intelligence sources.

X owner Elon Musk has been in regular contact with Russian President Vladimir Putin since late 2022, according to a report by The Wall Street Journal. Musk and Putin continued to hold talks into this year, even as the Tesla CEO began to criticise the United States military support for Ukraine and became actively involved in the election campaign of Republican candidate and former US president Donald Trump, according to the Journal's intelligence sources. The media report came less than two weeks ahead of the US presidential election. Also read: Elon Musk's America PAC under fire for $1 million giveaway; DOJ warns of potential federal law violation However, Musk's influence extends far beyond politics, through his social media platform X and his tech firm SpaceX. With the help of these platforms, he has megabucks government contracts and high-level security clearance to classified US information. The Russian president once asked Musk to avoid activating his Starlink satellite internet service over Taiwan as a favour to Chinese President Xi Jinping, report WSJ citing two people who were briefed on the request. His Starlink satellite internet service highlights a major aspect of Musk's influence. Notably, he gave Ukraine free access to his system after Putin launched his full-scale invasion of Ukraine in February 2022. Watch | US Election 2024: Musk Makes Controversial Announcement × Musk's move was lauded as an important tool in Ukraine's ability to fight back against the Russian invasion. However, relations between Musk and Ukrainian authorities cooled down as the war progressed. The X owner, later, stopped funding the terminals for Ukraine and also prohibited its military's use of Starlink to control drones. In October 2022, Musk began posting a trail of Kremlin talking points about the war on social media platform X, which he presented as a plan for peace. However, his posts triggered major pushback from top officials in Kyiv and Ukrainian President Volodymyr Zelensky. Kremlin denies report Kremlin on Friday (Oct 25) denied the reports of Musk in talks with Putin. "It's all untrue, absolutely false information published in the newspaper," Kremlin spokesman Dmitry Peskov told journalists. (With inputs from agencies)

Elon Musk in 'regular contact' with Russian President Putin since late 2022: Report

Elon Musk's net worth increased by 33.5 billion dollars on Thursday, That further solidifies his position as the world's richest man... And his dominance in the Bloomberg billionaires index. Musk's wealth surge comes as tesla shares marked their largest gain in over 10 years. Watch in for more details!

Musk's Wealth Surge Is Billionaire's Third-largest Single-day Gain

Here is all the latest updates from the world of Technology - Tesla to launch paid robotaxis next year, Europe's data centre power demand to triple by 2030. Watch to know more.

Tesla To Launch Paid Robotaxis Next Year

Tesla shares soared 22 per cent to close at $260.48 on October 24, the stock’s best day since 2013, following the company’s better-than-expected earnings report according to a detailed report by CNBC.

The CNBC report further stated that, Tesla late on October 23, reported revenue of $25.18 billion, which came in just under analysts expectations of $25.37 billion, but was up 8 per cent compared with a year earlier. Tesla reported earnings per share of 72 cents adjusted, topping the average analyst estimate of 58 cents as detailed in a report by CNBC.

Tesla’s profit margins in the third quarter were boosted by $739 million in revenue for environmental regulatory credits, which the JPMorgan analysts noted were a “potentially unsustainable driver” of earnings and cash flow. Automakers are required to obtain a certain amount of regulatory credits every year, and if they can’t meet the target, they can buy credits from other companies. Tesla has excess credits because it only makes electric vehicles.

Full Service Driving Supervised System (FSD) boosted earnings<o:p></o:p>

Tesla earnings also got a boost from FSD, the company’s Full Self-Driving Supervised system. CFO Vaibhav Taneja said on the earnings call that FSD contributed $326 million in revenue in the quarter after Tesla made it available for use in the Cybertruck and added a feature called “Actually Smart Summon.”

CEO Elon Musk said on the call that his “best guess” is that “vehicle growth” will reach 20 per cent to 30 per cent next year, citing “lower cost vehicles” and the “advent of autonomy.” Analysts surveyed by FactSet were expecting delivery growth of about 15 per cent for 2025.

Analysts maintain mixed views<o:p></o:p>

Even bullish Deutsche Bank analysts doubted Musk’s forecast and wrote, in a note following the earnings report, “Our view remains more reserved at 10-15 per cent,” and assumes Tesla can roll out a cheaper version of its Model Y at a price under $30,000 after subsidies, and other variants of the small SUV. Analysts at Morgan Stanley who also recommend buying the stock, called Musk’s 2025 vehicle delivery growth prediction a “maybe.” They set their estimate at 14 per cent.

Musk also stated on the Wednesday call that Tesla plans to start production of its recently unveiled Cybercab, a robotaxi with butterfly doors and no steering wheel or pedals, by the end of 2026. He further mentioned Tesla would conduct driverless ride-hailing in California and Texas next year in its existing cars, which are not currently safe to use without a human driver ready to steer or brake at any time.

Bernstein analysts, according to the CNBC report, who have a bearish price target of $120 on shares of Tesla, wrote in a note out Thursday: “The tone of Tesla’s conference call was e-bullient and filled with Musk prognostications that have historically polarized bull and bear investors, and was more akin to a pep rally, with the company only taking two questions from sell-siders.”

Musk has for years promised shareholders a software upgrade that can turn Teslas into robotaxis. That hasn’t happened yet. Musk has also promised a refreshed version of the Tesla Roadster since 2017. The design of the vehicle is not yet complete. The Bernstein analysts wrote, “We continue to struggle to see Tesla overcoming the technological and regulatory hurdles needed to leapfrog current level 4 robotaxis, and believe fully unsupervised FSD could be years away.”

They pointed to Musk’s “long history of being overly optimistic about FSD” and said crowd-sourced research that shows “Tesla continues to lag well behind competitors” on robotaxis. The share rally on October 24 was the sharpest since a 24 per cent gain in May 2013. The jump erased Tesla’s loss for the year and left the stock up 3 per cent in 2024, though it still trails the 22 per cent gain for the Nasdaq. Market participants and investors will closely follow these developments in Tesla before taking investment decisions.

Tesla shares soared 22 per cent to close at $260.48 on October 24, the stock’s best day since 2013, following the company’s better-than-expected earnings report according to a detailed report by CNBC.

Tesla shares soared 22 per cent to close at $260.48 on October 24, the stock’s best day since 2013, following the company’s better-than-expected earnings report according to a detailed report by CNBC. The CNBC report further stated that, Tesla late on October 23, reported revenue of $25.18 billion, which came in just under analysts expectations of $25.37 billion, but was up 8 per cent compared with a year earlier. Tesla reported earnings per share of 72 cents adjusted, topping the average analyst estimate of 58 cents as detailed in a report by CNBC. Tesla’s profit margins in the third quarter were boosted by $739 million in revenue for environmental regulatory credits, which the JPMorgan analysts noted were a “potentially unsustainable driver” of earnings and cash flow. Automakers are required to obtain a certain amount of regulatory credits every year, and if they can’t meet the target, they can buy credits from other companies. Tesla has excess credits because it only makes electric vehicles. Full Service Driving Supervised System (FSD) boosted earnings Tesla earnings also got a boost from FSD, the company’s Full Self-Driving Supervised system. CFO Vaibhav Taneja said on the earnings call that FSD contributed $326 million in revenue in the quarter after Tesla made it available for use in the Cybertruck and added a feature called “Actually Smart Summon.” CEO Elon Musk said on the call that his “best guess” is that “vehicle growth” will reach 20 per cent to 30 per cent next year, citing “lower cost vehicles” and the “advent of autonomy.” Analysts surveyed by FactSet were expecting delivery growth of about 15 per cent for 2025. Analysts maintain mixed views Even bullish Deutsche Bank analysts doubted Musk’s forecast and wrote, in a note following the earnings report, “Our view remains more reserved at 10-15 per cent,” and assumes Tesla can roll out a cheaper version of its Model Y at a price under $30,000 after subsidies, and other variants of the small SUV. Analysts at Morgan Stanley who also recommend buying the stock, called Musk’s 2025 vehicle delivery growth prediction a “maybe.” They set their estimate at 14 per cent. Musk also stated on the Wednesday call that Tesla plans to start production of its recently unveiled Cybercab, a robotaxi with butterfly doors and no steering wheel or pedals, by the end of 2026. He further mentioned Tesla would conduct driverless ride-hailing in California and Texas next year in its existing cars, which are not currently safe to use without a human driver ready to steer or brake at any time. Bernstein analysts, according to the CNBC report, who have a bearish price target of $120 on shares of Tesla, wrote in a note out Thursday: “The tone of Tesla’s conference call was e-bullient and filled with Musk prognostications that have historically polarized bull and bear investors, and was more akin to a pep rally, with the company only taking two questions from sell-siders.” Musk has for years promised shareholders a software upgrade that can turn Teslas into robotaxis. That hasn’t happened yet. Musk has also promised a refreshed version of the Tesla Roadster since 2017. The design of the vehicle is not yet complete. The Bernstein analysts wrote, “We continue to struggle to see Tesla overcoming the technological and regulatory hurdles needed to leapfrog current level 4 robotaxis, and believe fully unsupervised FSD could be years away.” They pointed to Musk’s “long history of being overly optimistic about FSD” and said crowd-sourced research that shows “Tesla continues to lag well behind competitors” on robotaxis. The share rally on October 24 was the sharpest since a 24 per cent gain in May 2013. The jump erased Tesla’s loss for the year and left the stock up 3 per cent in 2024, though it still trails the 22 per cent gain for the Nasdaq. Market participants and investors will closely follow these developments in Tesla before taking investment decisions.

Tesla stock rally 22% for best day in over a decade on Musk’s 2025 growth projection

The Indian government has launched an investigation as several airlines have received bomb threats. Many of these fake bomb threats were circulated through social media platforms. Watch to know more.

India Boosts Hunt For Airline Hoax Culprits

Billionaire Elon Musk's America PAC has received a warning from the US Justice Department over its $1 million daily giveaways to registered voters. According to US media reports published Wednesday (Oct 23), the Justice Department said that the giveaways could potentially breach federal law.

The America PAC is a super PAC (political action committee) created by Elon Musk to support Donald Trump's 2024 presidential campaign.

Reports from CNN and 24sight News revealed that the Justice Department's warning letter to Musk's PAC highlights concerns that the whopping one million dollar giveaway may violate federal law, which prohibits offering money to encourage voter registration.&nbsp;

Also read |&nbsp;<a bis_size="{&quot;x&quot;:8,&quot;y&quot;:198,&quot;w&quot;:720,&quot;h&quot;:34,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1883}" data-ved="2ahUKEwiAjc66iaaJAxWvoGMGHb-1ImUQxfQBKAB6BAgJEAE" href="https://www.wionews.com/world/musk-pledges-1mn-daily-cash-giveaways-to-trump-supporters-as-2024-us-election-battle-heats-up-769071" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/musk-pledges-1mn-daily-cash-giveaways-to-trump-supporters-as-2024-us-election-battle-heats-up-769071&amp;ved=2ahUKEwiAjc66iaaJAxWvoGMGHb-1ImUQxfQBKAB6BAgJEAE">Musk pledges $1mn daily cash giveaways to Trump supporters as 2024 US Election battle heats up</a>

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:252,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1937}">What is the $1 million giveaway?</h2>

Musk, a vocal supporter of Donald Trump, launched the contest in Pennsylvania, one of seven critical "swing states". Pennsylvania is likely to play a big role in determining who will win the upcoming US presidential election, Trump or Kamala Harris.&nbsp;

The contest, which began last Saturday, offers $1 million daily to a randomly chosen registered voter in one of these states, leading up to the election on November 5.&nbsp;To enter the contest, participants must be registered voters and sign a PAC petition in support of "free speech and the right to bear arms."&nbsp;

Also read |&nbsp;<a data-ved="2ahUKEwjF9c3JiaaJAxVw1jgGHY7FBe8QxfQBKAB6BAgHEAE" href="https://www.wionews.com/world/handsoffmyporn-porn-stars-launch-200000-campaign-asking-people-to-not-vote-for-trump-heres-why-769952" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/handsoffmyporn-porn-stars-launch-200000-campaign-asking-people-to-not-vote-for-trump-heres-why-769952&amp;ved=2ahUKEwjF9c3JiaaJAxVw1jgGHY7FBe8QxfQBKAB6BAgHEAE">#HandsOffMyPorn: Porn stars launch $200,000 campaign asking people to NOT vote for Trump. Here's why</a>

Legal experts, such as Georgetown Law School professor Danielle Lang, have raised alarms that the contest may be subject to legal action. Speaking to AFP, Lang said, "It is illegal to give out money on the condition that recipients register as voters."

"As the terms of this 'contest' to win $1 million require the recipient to be a registered voter in one of seven swing states (or to register if they have not already), the offer violates federal law," she added.

Musk, the Tesla, and SpaceX CEO, has recently taken an increasingly visible role in Trump's campaign and has even donated $75 million to the America PAC.

(With inputs from agencies)

Billionaire Elon Musk's America PAC has received a warning from the US Justice Department over its $1 million daily giveaways to registered voters. According to US media reports published Wednesday (Oct 23), the Justice Department said that the giveaways could potentially breach federal law.

Billionaire Elon Musk's America PAC has received a warning from the US Justice Department over its $1 million daily giveaways to registered voters. According to US media reports published Wednesday (Oct 23), the Justice Department said that the giveaways could potentially breach federal law. The America PAC is a super PAC (political action committee) created by Elon Musk to support Donald Trump's 2024 presidential campaign. Reports from CNN and 24sight News revealed that the Justice Department's warning letter to Musk's PAC highlights concerns that the whopping one million dollar giveaway may violate federal law, which prohibits offering money to encourage voter registration. Also read | Musk pledges $1mn daily cash giveaways to Trump supporters as 2024 US Election battle heats up What is the $1 million giveaway? Musk, a vocal supporter of Donald Trump, launched the contest in Pennsylvania, one of seven critical "swing states". Pennsylvania is likely to play a big role in determining who will win the upcoming US presidential election, Trump or Kamala Harris. The contest, which began last Saturday, offers $1 million daily to a randomly chosen registered voter in one of these states, leading up to the election on November 5. To enter the contest, participants must be registered voters and sign a PAC petition in support of "free speech and the right to bear arms." Also read | #HandsOffMyPorn: Porn stars launch $200,000 campaign asking people to NOT vote for Trump. Here's why Legal experts, such as Georgetown Law School professor Danielle Lang, have raised alarms that the contest may be subject to legal action. Speaking to AFP, Lang said, "It is illegal to give out money on the condition that recipients register as voters." "As the terms of this 'contest' to win $1 million require the recipient to be a registered voter in one of seven swing states (or to register if they have not already), the offer violates federal law," she added. Musk, the Tesla, and SpaceX CEO, has recently taken an increasingly visible role in Trump's campaign and has even donated $75 million to the America PAC. (With inputs from agencies)

Elon Musk's America PAC under fire for $1 million giveaway; DOJ warns of potential federal law violation

Qatar airways' latest partnership with Elon Musk’s Starlink marks a game-changing "deal of the day" for the airline industry and its stakeholders. This collaboration introduces high-speed, low-latency wi-fi across the airline’s fleet, setting a new standard in in-flight connectivity. Watch in for more details!

Qatar Airways Elevates Wi-Fi With Starlink

Tesla shares saw a 12 per cent jump after the company reported its third-quarter earnings on Wednesday. The electric-car manufacturer was able to bounce back from a tough second quarter, beating Wall Street expectations for earnings per share. The company reported an earnings-per-share of $0.72, surpassing the projection of investors that was $0.60 as detailed in a report by The Guardian.

The Guardian report further stated that, at the end of the second quarter, Tesla’s chief executive, Elon Musk, said the nearly 50 per cent drop in profits was temporary and due to challenges competing with cheaper or price-slashed electric vehicles by rival companies such as BYD. “We don’t see this as a long-term issue,” Musk said in July, “but really fairly short term.”

Tesla delivered slightly under-expected revenue, however. The company reported $25.18 billion in revenue at the end of the third quarter, just missing Wall Street revenue projections of $25.43 billion.

Tesla press release post-earnings<o:p></o:p>

“Despite sustained macroeconomic headwinds and others pulling back on EV investments, we remain focused on expanding our vehicle and energy product lineup, reducing costs and making critical investments in AI projects and production capacity,” the company said in a press release.

The release further stated that, “We believe these efforts will allow us to capitalise on the ongoing transition in the transportation and energy sectors.”

Further, on the earnings call on October 23, Musk said that Tesla has had a record third quarter and believes Tesla will become the most profitable company in the world if they execute on their plans.

“Tesla is focused on the future of energy, transport, robotics and AI and this is a time where others are focused on just managing on near terms,” Musk said. “We think what we’re doing is the right approach and if we execute on our objectives, and I think we will, my prediction is Tesla will become the most valuable company in the world, probably by a long shot.”

He also stated that he currently doesn’t know of any electric vehicle manufacturer that is profitable.

Tesla delivered 462,890 vehicles at the end of the third quarter, up from 443,956 in the second quarter. Investors and market participants will be looking to hear more about whether the company is on track to match its 2023 vehicle deliveries of 1.8 million units.

The company said that it expected slight growth in vehicle deliveries by the end of the year. Dan Ives, of financial services firm Wedbush Securities according to the Guardian report, remains confident. Meeting that goal will be “a solid feat given the extensive white-knuckle moments seen throughout the first half of the year”, he said in a note to investors.

Market participants and investors will also be looking for more information about the company’s robotaxis following a disappointing launch event. After unveiling the company’s much-hyped robotaxi earlier this month with scant details, Tesla shares dropped by just under 9 per cent and wiped more than $60bn from the company’s value. 

Demand for electric vehicles continues to rise<o:p></o:p>

It is important to note that overall demand for electric vehicles (EV) continues to increase, however. US EV market share hit an all-time high at 8.3 per cent, up from 7.5 per cent in the same quarter of 2023, according to Edmunds.

Musk is facing legal scrutiny elsewhere as well the report detailed further. The European Union (EU) is considering fining X based on total sales by SpaceX, Neuralink, xAI and the Boring Company. The bloc has alleged that the social media company failed to address illegal content and disinformation on its platform. Fines can be as much as 6 per cent of the yearly revenue of a company. Tesla will likely be exempt from that fine, however, as it is a public company and not wholly owned by Musk. Market participants and investors will follow these important events and take informed investment decisions based on the same.

<o:p>&nbsp;</o:p>

Tesla shares saw a 12 per cent jump after the company reported its third-quarter earnings on Wednesday. The electric-car manufacturer was able to bounce back from a tough second quarter, beating Wall Street expectations for earnings per share.

Tesla shares saw a 12 per cent jump after the company reported its third-quarter earnings on Wednesday. The electric-car manufacturer was able to bounce back from a tough second quarter, beating Wall Street expectations for earnings per share. The company reported an earnings-per-share of $0.72, surpassing the projection of investors that was $0.60 as detailed in a report by The Guardian. The Guardian report further stated that, at the end of the second quarter, Tesla’s chief executive, Elon Musk, said the nearly 50 per cent drop in profits was temporary and due to challenges competing with cheaper or price-slashed electric vehicles by rival companies such as BYD. “We don’t see this as a long-term issue,” Musk said in July, “but really fairly short term.” Tesla delivered slightly under-expected revenue, however. The company reported $25.18 billion in revenue at the end of the third quarter, just missing Wall Street revenue projections of $25.43 billion. Tesla press release post-earnings “Despite sustained macroeconomic headwinds and others pulling back on EV investments, we remain focused on expanding our vehicle and energy product lineup, reducing costs and making critical investments in AI projects and production capacity,” the company said in a press release. The release further stated that, “We believe these efforts will allow us to capitalise on the ongoing transition in the transportation and energy sectors.” Further, on the earnings call on October 23, Musk said that Tesla has had a record third quarter and believes Tesla will become the most profitable company in the world if they execute on their plans. “Tesla is focused on the future of energy, transport, robotics and AI and this is a time where others are focused on just managing on near terms,” Musk said. “We think what we’re doing is the right approach and if we execute on our objectives, and I think we will, my prediction is Tesla will become the most valuable company in the world, probably by a long shot.” He also stated that he currently doesn’t know of any electric vehicle manufacturer that is profitable. Tesla delivered 462,890 vehicles at the end of the third quarter, up from 443,956 in the second quarter. Investors and market participants will be looking to hear more about whether the company is on track to match its 2023 vehicle deliveries of 1.8 million units. The company said that it expected slight growth in vehicle deliveries by the end of the year. Dan Ives, of financial services firm Wedbush Securities according to the Guardian report, remains confident. Meeting that goal will be “a solid feat given the extensive white-knuckle moments seen throughout the first half of the year”, he said in a note to investors. Market participants and investors will also be looking for more information about the company’s robotaxis following a disappointing launch event. After unveiling the company’s much-hyped robotaxi earlier this month with scant details, Tesla shares dropped by just under 9 per cent and wiped more than $60bn from the company’s value. Demand for electric vehicles continues to rise It is important to note that overall demand for electric vehicles (EV) continues to increase, however. US EV market share hit an all-time high at 8.3 per cent, up from 7.5 per cent in the same quarter of 2023, according to Edmunds. Musk is facing legal scrutiny elsewhere as well the report detailed further. The European Union (EU) is considering fining X based on total sales by SpaceX, Neuralink, xAI and the Boring Company. The bloc has alleged that the social media company failed to address illegal content and disinformation on its platform. Fines can be as much as 6 per cent of the yearly revenue of a company. Tesla will likely be exempt from that fine, however, as it is a public company and not wholly owned by Musk. Market participants and investors will follow these important events and take informed investment decisions based on the same.

Tesla shares rise in third-quarter earnings even as expected revenue is lower

Tesla Inc. witnessed a dramatic market rally Thursday as investors welcomed CEO Elon Musk's renewed emphasis on the company's core electric vehicle business, with shares surging nearly 12% in pre-market trading. The stock movement, potentially adding approximately USD 81 billion to Tesla's market capitalization, marked a significant reversal from recent weeks when investors expressed growing concern over Musk's expanding focus on artificial intelligence and robotaxis.

During Wednesday's post-earnings call, Musk delivered what many analysts considered a crucial reassurance to the market by forecasting 20-30% vehicle sales growth for the coming year. The projection, coupled with promises of an affordable vehicle model and improved production cost efficiency, helped restore investor confidence that had been shaken by recent product announcements centred on everything but traditional automobiles.

"He definitely seemed more passionate and invested in it this time," observed Jessica Caldwell, head of insights at automotive research firm Edmunds. "I feel like so much of Tesla is tied up in the future but we need to figure out how you get there. That's what people needed to hear and they were a little bit better in providing those details than they have been in the past."

The positive market response comes on the heels of Tesla's recent unveiling of its Cybercab robotaxi, a steering wheel-free, pedal-less two-seater vehicle scheduled for production in 2026 with a projected price point below USD 30,000. While that event, which also showcased a 20-seat driverless van and dancing humanoid robots, initially disappointed investors due to limited details about production scaling and regulatory compliance, Musk's subsequent announcement of plans to produce at least 2 million Cybercabs annually has helped contextualise the company's autonomous vehicle strategy.

However, not all investors share the market's renewed optimism. Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a notable Tesla investor, expressed concerns about Musk's divided attention between core operations and new initiatives. "The days were good when Elon slept at the factory. He was there every day, working. Not going to Trump rallies of all things he could be doing," Gerber commented, referencing Musk's public support for the Republican presidential candidate.

The company's ambitious plans for autonomous vehicles face significant regulatory hurdles, particularly in California. While Musk announced that Tesla vehicles could offer paid, driverless ride-hailing services as soon as next year, with testing already underway among employees in the San Francisco Bay Area, he acknowledged the regulatory challenges ahead. "It's not something we totally control," Musk admitted during the earnings call, though he expressed confidence in securing approval by 2025.

Tesla's valuation continues to reflect high growth expectations, with shares trading at 72.75 times forward earnings estimates, significantly above traditional automaker Ford's 5.94 multiple and even surpassing technology giant Microsoft's 30.79 ratio. The strong market response has prompted at least five brokerages to raise their price targets, with a median target of USD 221 according to LSEG data.

Industry analysts emphasise that while Tesla's futuristic initiatives generate headlines, the company's immediate focus on operational efficiency and market expansion remains crucial. "Capturing sales in today's challenging market and streamlining operations aren't as sexy as self-driving cabs and dancing robots," noted Edmunds' Caldwell, "but they're critical toward funding the company's long-term vision for the future."

As Tesla navigates the delicate balance between current market demands and future technological ambitions, the company's ability to maintain strong fundamentals in its core EV business will likely remain under intense scrutiny. While this week's positive market response provides some breathing room for Musk's broader vision, the pressure to deliver on both traditional metrics and innovative promises continues to shape Tesla's complex market narrative. 
&nbsp;

Tesla Inc. witnessed a dramatic market rally Thursday as investors welcomed CEO Elon Musk's renewed emphasis on the company's core electric vehicle business, with shares surging nearly 12% in pre-market trading.

Tesla Inc. witnessed a dramatic market rally Thursday as investors welcomed CEO Elon Musk's renewed emphasis on the company's core electric vehicle business, with shares surging nearly 12% in pre-market trading. The stock movement, potentially adding approximately USD 81 billion to Tesla's market capitalization, marked a significant reversal from recent weeks when investors expressed growing concern over Musk's expanding focus on artificial intelligence and robotaxis. During Wednesday's post-earnings call, Musk delivered what many analysts considered a crucial reassurance to the market by forecasting 20-30% vehicle sales growth for the coming year. The projection, coupled with promises of an affordable vehicle model and improved production cost efficiency, helped restore investor confidence that had been shaken by recent product announcements centred on everything but traditional automobiles. "He definitely seemed more passionate and invested in it this time," observed Jessica Caldwell, head of insights at automotive research firm Edmunds. "I feel like so much of Tesla is tied up in the future but we need to figure out how you get there. That's what people needed to hear and they were a little bit better in providing those details than they have been in the past." The positive market response comes on the heels of Tesla's recent unveiling of its Cybercab robotaxi, a steering wheel-free, pedal-less two-seater vehicle scheduled for production in 2026 with a projected price point below USD 30,000. While that event, which also showcased a 20-seat driverless van and dancing humanoid robots, initially disappointed investors due to limited details about production scaling and regulatory compliance, Musk's subsequent announcement of plans to produce at least 2 million Cybercabs annually has helped contextualise the company's autonomous vehicle strategy. However, not all investors share the market's renewed optimism. Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a notable Tesla investor, expressed concerns about Musk's divided attention between core operations and new initiatives. "The days were good when Elon slept at the factory. He was there every day, working. Not going to Trump rallies of all things he could be doing," Gerber commented, referencing Musk's public support for the Republican presidential candidate. The company's ambitious plans for autonomous vehicles face significant regulatory hurdles, particularly in California. While Musk announced that Tesla vehicles could offer paid, driverless ride-hailing services as soon as next year, with testing already underway among employees in the San Francisco Bay Area, he acknowledged the regulatory challenges ahead. "It's not something we totally control," Musk admitted during the earnings call, though he expressed confidence in securing approval by 2025. Tesla's valuation continues to reflect high growth expectations, with shares trading at 72.75 times forward earnings estimates, significantly above traditional automaker Ford's 5.94 multiple and even surpassing technology giant Microsoft's 30.79 ratio. The strong market response has prompted at least five brokerages to raise their price targets, with a median target of USD 221 according to LSEG data. Industry analysts emphasise that while Tesla's futuristic initiatives generate headlines, the company's immediate focus on operational efficiency and market expansion remains crucial. "Capturing sales in today's challenging market and streamlining operations aren't as sexy as self-driving cabs and dancing robots," noted Edmunds' Caldwell, "but they're critical toward funding the company's long-term vision for the future." As Tesla navigates the delicate balance between current market demands and future technological ambitions, the company's ability to maintain strong fundamentals in its core EV business will likely remain under intense scrutiny. While this week's positive market response provides some breathing room for Musk's broader vision, the pressure to deliver on both traditional metrics and innovative promises continues to shape Tesla's complex market narrative.

Tesla stock surges on strong growth outlook

Investors and analysts will be scrutinising Tesla CEO Elon Musk on Wednesday when the electric automaker reports quarterly results, with investors expecting dramatic improvement over last year's results. Musk’s ambitious robotaxi plans will be in focus after a huge event last week at which most questions weren’t answered and saw Tesla shares fall.

Musk failed to answer a series of critical questions about how the self-driving vehicle works, and presented critical details that he did — like specifications on the striking black SUV that was revealed, or how many cars it will be for — during a very brief 20 minute presentation about the self-driving vehicle that left investors thirsty for detail about the company's core auto sales. Tesla's automotive sales profit margins are expected to decline, analysts say, due to rising incentives aimed at attracting electric vehicle buyers.

Demand for Tesla’s aging lineup has ceded to lower-priced EVs in China and traditional US automakers rolling out new vehicles, and the company may also see its first-ever annual drop in vehicle deliveries. Investors want to take a look at how these factors will bear on the company as a whole.

Details of the robotaxi initiative and the progress of Tesla’s Full Self Driving (FSD) software will be key topics for the upcoming earnings call. Much of Tesla's USD 700 billion market valuation rests on Musk's promises that FSD will enable that robotaxi business. Under USD 30,000 and only entering production in 2026 — Musk has indicated the robotaxi could hit the market. He also outlined plans for unsupervised FSD operation to get underway in California and Texas next year.

But safety of the FSD system is also coming under scrutiny following reports of four crashes, including a fatal crash, and the US auto safety regulator is opening an investigation into 2.4 million Tesla vehicles with FSD software after concerns that the technology wasn't meeting the most crucial safety requirements for vehicles, the WSJ reported.

Analysts from Barclays have noted a shift in focus from the Cybercab event to Tesla's fundamental business metrics. Wall Street expects the company to report an automotive gross margin of 14.9% for the third quarter, slightly up from 14.6% in the previous quarter. Despite price cuts to boost demand amid rising interest rates, Tesla's efforts have met with limited success, raising concerns about its margin performance compared to traditional automakers.

Investors and analysts will be scrutinising Tesla CEO Elon Musk on Wednesday when the electric automaker reports quarterly results, with investors expecting dramatic improvement over last year's results.

Investors and analysts will be scrutinising Tesla CEO Elon Musk on Wednesday when the electric automaker reports quarterly results, with investors expecting dramatic improvement over last year's results. Musk’s ambitious robotaxi plans will be in focus after a huge event last week at which most questions weren’t answered and saw Tesla shares fall. Musk failed to answer a series of critical questions about how the self-driving vehicle works, and presented critical details that he did — like specifications on the striking black SUV that was revealed, or how many cars it will be for — during a very brief 20 minute presentation about the self-driving vehicle that left investors thirsty for detail about the company's core auto sales. Tesla's automotive sales profit margins are expected to decline, analysts say, due to rising incentives aimed at attracting electric vehicle buyers. Demand for Tesla’s aging lineup has ceded to lower-priced EVs in China and traditional US automakers rolling out new vehicles, and the company may also see its first-ever annual drop in vehicle deliveries. Investors want to take a look at how these factors will bear on the company as a whole. Details of the robotaxi initiative and the progress of Tesla’s Full Self Driving (FSD) software will be key topics for the upcoming earnings call. Much of Tesla's USD 700 billion market valuation rests on Musk's promises that FSD will enable that robotaxi business. Under USD 30,000 and only entering production in 2026 — Musk has indicated the robotaxi could hit the market. He also outlined plans for unsupervised FSD operation to get underway in California and Texas next year. But safety of the FSD system is also coming under scrutiny following reports of four crashes, including a fatal crash, and the US auto safety regulator is opening an investigation into 2.4 million Tesla vehicles with FSD software after concerns that the technology wasn't meeting the most crucial safety requirements for vehicles, the WSJ reported. Analysts from Barclays have noted a shift in focus from the Cybercab event to Tesla's fundamental business metrics. Wall Street expects the company to report an automotive gross margin of 14.9% for the third quarter, slightly up from 14.6% in the previous quarter. Despite price cuts to boost demand amid rising interest rates, Tesla's efforts have met with limited success, raising concerns about its margin performance compared to traditional automakers.

Musk to face investor questions on Robotaxi plans during Tesla's earnings report

With the US Elections coming into their final stage, polls could have more salience now. Election Day is November 5 and both parties are trying to fight until the last moment. With the star campaigners rallying for their favourite contender. Elon Musk has become a constant presence in the ongoing election race. Be it on social media or at a rally, Musk is making sure to have an uninterrupted involvement until the elections are over. Musk has been seen attacking Kamala Harris with AI generated images on X and wearing a custom made black Maga hat on a rally for Donald Trump in Pennsylvania.&nbsp;

X Owner has emerged as a unique influence on the campaign, actively backing Donald Trump, now more than ever. He has become a mega contributor for Trump’s campaigns, informal policy advisor, media influence and a one stop shop for online disinformation. On 15th Oct, the Federal Election Commission filings unveiled that Tesla owner donated $75m in the last three months towards Pro Trump Pac. Although the other Tech giants have also tried to influence politics in some or the other way with an intent to sway an election.&nbsp;

Also read |&nbsp;<a bis_size="{&quot;x&quot;:8,&quot;y&quot;:253,&quot;w&quot;:655,&quot;h&quot;:34,&quot;abs_x&quot;:41,&quot;abs_y&quot;:2010}" href="https://www.wionews.com/world/trump-tells-voters-us-elections-a-choice-between-four-years-of-incompetence-or-greatness-attacks-fema-769675">Trump tells voters US elections a choice between 'four years of incompetence or greatness', attacks FEMA</a>

Trump and Musk, however, share a controversial history, with Musk calling the former president “too old” to contest again for elections in a series of twitter threads in 2022, while Trump called Musk a “bullshit artist”. Nevertheless, the two of them have become engaged during the presidential race. In July, Elon Musk disclosed his full support for Donald Trump. In the following months since, Musk has wholeheartedly invested his money into Trump campaigns. Apart from rallies, Musk support for Trump can be seen on X. On top of that, it was Musk who decided to restore Trump to the social network in late 2022.&nbsp;

However, the situation is not the same. In the 2020 campaign, Trump faced several restrictions on X. With the support of Musk’s free speech policies, this might help Trump to scale up for the 2024 elections. In addition to this, Musk’s feed has become a constant vocal stream about his support for Trump. He has used X formerly known as Twitter to help Trump campaign. Most of his tweets are of him promoting Trump’s ideologies and tweeting caustic remarks against Harris.&nbsp;

Also read |&nbsp;<a bis_size="{&quot;x&quot;:8,&quot;y&quot;:523,&quot;w&quot;:634,&quot;h&quot;:34,&quot;abs_x&quot;:41,&quot;abs_y&quot;:2280}" href="https://www.wionews.com/world/us-elections-michigan-judge-rejects-gop-bid-to-block-overseas-voters-in-key-battleground-state-769624">US Elections: Michigan judge rejects GOP bid to block overseas voters in key battleground state</a>

Musk has invested a large amount of money into Trump's media campaigns and on ground operations, so much that Elon Musk has become one of the largest right-wing donors now.&nbsp;

Concurrently with this, the US Election campaigns have come to a new era where the wealthiest men play a potential role, either by direct funding or via their influence in the market. Elon Musk’s approach of offering assistance via his persuasion among young peers has contributed to a revamped landscape in US Elections. This could influence Trump's trajectory.&nbsp;

This year's election campaigns have paved their way to new age elections where the lines between technology, business, and politics are hazy and where billionaires and tech giants, one of whom like Elon Musk can have an impact on the electoral process.&nbsp;

With the US Elections coming into their final stage, polls could have more salience now. Election Day is November 5 and both parties are trying to fight until the last moment.

With the US Elections coming into their final stage, polls could have more salience now. Election Day is November 5 and both parties are trying to fight until the last moment. With the star campaigners rallying for their favourite contender. Elon Musk has become a constant presence in the ongoing election race. Be it on social media or at a rally, Musk is making sure to have an uninterrupted involvement until the elections are over. Musk has been seen attacking Kamala Harris with AI generated images on X and wearing a custom made black Maga hat on a rally for Donald Trump in Pennsylvania. X Owner has emerged as a unique influence on the campaign, actively backing Donald Trump, now more than ever. He has become a mega contributor for Trump’s campaigns, informal policy advisor, media influence and a one stop shop for online disinformation. On 15th Oct, the Federal Election Commission filings unveiled that Tesla owner donated $75m in the last three months towards Pro Trump Pac. Although the other Tech giants have also tried to influence politics in some or the other way with an intent to sway an election. Also read | Trump tells voters US elections a choice between 'four years of incompetence or greatness', attacks FEMA Trump and Musk, however, share a controversial history, with Musk calling the former president “too old” to contest again for elections in a series of twitter threads in 2022, while Trump called Musk a “bullshit artist”. Nevertheless, the two of them have become engaged during the presidential race. In July, Elon Musk disclosed his full support for Donald Trump. In the following months since, Musk has wholeheartedly invested his money into Trump campaigns. Apart from rallies, Musk support for Trump can be seen on X. On top of that, it was Musk who decided to restore Trump to the social network in late 2022. However, the situation is not the same. In the 2020 campaign, Trump faced several restrictions on X. With the support of Musk’s free speech policies, this might help Trump to scale up for the 2024 elections. In addition to this, Musk’s feed has become a constant vocal stream about his support for Trump. He has used X formerly known as Twitter to help Trump campaign. Most of his tweets are of him promoting Trump’s ideologies and tweeting caustic remarks against Harris. Also read | US Elections: Michigan judge rejects GOP bid to block overseas voters in key battleground state Musk has invested a large amount of money into Trump's media campaigns and on ground operations, so much that Elon Musk has become one of the largest right-wing donors now. Concurrently with this, the US Election campaigns have come to a new era where the wealthiest men play a potential role, either by direct funding or via their influence in the market. Elon Musk’s approach of offering assistance via his persuasion among young peers has contributed to a revamped landscape in US Elections. This could influence Trump's trajectory. This year's election campaigns have paved their way to new age elections where the lines between technology, business, and politics are hazy and where billionaires and tech giants, one of whom like Elon Musk can have an impact on the electoral process.

Musk: A mega contributor to Trump and the US election landscape

Space X owner Elon Musk announced to give away $1 million each day until the US presidential election. He is promising to give 1 million each day to one lucky person who signs his online petition. Watch to know more.

US Election 2024: Musk  Asks People To Sign Petition To Get 'Money'

The Democrats are calling for an investigation after Space X owner Elon Musk announced to give away $1 million each day until the US presidential election. Watch to know more.

US Election 2024: Musk Makes Controversial Announcement

Elon Musk, at a town hall hosted by America PAC in Pennsylvania on Saturday (Oct 19), echoed former president Donald Trump's unfounded conspiracy theories regarding voting machines and their potential to rig elections, calling for paper ballots.

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:85,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1772}">Know a lot about computers: Musk&nbsp;</h2>

Despite numerous debunking of such claims, Musk asserted, "I'm a technologist, I know a lot about computers…And I'm like, the last thing I would do is trust a computer program, because it's just too easy to hack".

Also read |&nbsp;<a bis_size="{&quot;x&quot;:8,&quot;y&quot;:197,&quot;w&quot;:720,&quot;h&quot;:34,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1884}" href="https://www.wionews.com/world/musk-pledges-1mn-daily-cash-giveaways-to-trump-supporters-as-2024-us-election-battle-heats-up-769071">Musk pledges $1mn daily cash giveaways to Trump supporters as 2024 US Election battle heats up</a>

Musk, as per ABC News, specifically mentioned Dominion Voting Systems, which recently settled a $787 million defamation lawsuit against Fox News for spreading false claims about its role in the 2020 election.&nbsp;

He linked Dominion to electoral losses for Republicans in Philadelphia and Arizona, suggesting it was "weird" that certain areas used these voting machines while others did not.&nbsp;

"There's always a sort of question of like, say, the Dominion voting machines. It is weird that the, you know, I think they're used in Philadelphia and in Maricopa County, but not in a lot of other places," said the Tesla CEO.

"Doesn't that seem like a heck of a coincidence?" he asked.

He concluded by advocating for a shift to exclusively using paper ballots. "Only do paper ballots, hand-counted," said Musk.

His comments come amid growing political involvement, having previously shown strong support for former President Donald Trump, including substantial financial contributions to his political action committee.

Also read |&nbsp;<a href="https://www.wionews.com/world/too-much-too-late-georgia-judge-temporarily-halts-controversial-hand-counting-rule-767837">'Too much, too late': Georgia judge&nbsp;halts controversial ballot hand-counting rule</a>

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:548,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:2235}">Dominion debunks Musk's statements</h2>

Dominion quickly rebutted Musk's assertions, clarifying that their machines do not operate in Philadelphia and that most jurisdictions already use paper ballots.&nbsp;

A spokesperson of the company stated, "Fact: Dominion does not serve Philadelphia County. Fact: Dominion's voting systems are already based on voter verified paper ballots. Fact: Hand counts and audits of such paper ballots have repeatedly proven that Dominion machines produce accurate results. These are not matters of opinion. They are verifiable facts."&nbsp;

Maricopa County officials also confirmed the accuracy of their voting machines, noting that a hand count after the election "found zero variances between hand count results and the Dominion tabulation equipment."

(With inputs from agencies)

Elon Musk, at a town hall hosted by America PAC in Pennsylvania on Saturday (Oct 19), echoed former president Donald Trump's unfounded conspiracy theories regarding voting machines and their potential to rig elections, calling for paper ballots.

Elon Musk, at a town hall hosted by America PAC in Pennsylvania on Saturday (Oct 19), echoed former president Donald Trump's unfounded conspiracy theories regarding voting machines and their potential to rig elections, calling for paper ballots. Know a lot about computers: Musk Despite numerous debunking of such claims, Musk asserted, "I'm a technologist, I know a lot about computers…And I'm like, the last thing I would do is trust a computer program, because it's just too easy to hack". Also read | Musk pledges $1mn daily cash giveaways to Trump supporters as 2024 US Election battle heats up Musk, as per ABC News, specifically mentioned Dominion Voting Systems, which recently settled a $787 million defamation lawsuit against Fox News for spreading false claims about its role in the 2020 election. He linked Dominion to electoral losses for Republicans in Philadelphia and Arizona, suggesting it was "weird" that certain areas used these voting machines while others did not. "There's always a sort of question of like, say, the Dominion voting machines. It is weird that the, you know, I think they're used in Philadelphia and in Maricopa County, but not in a lot of other places," said the Tesla CEO. "Doesn't that seem like a heck of a coincidence?" he asked. He concluded by advocating for a shift to exclusively using paper ballots. "Only do paper ballots, hand-counted," said Musk. His comments come amid growing political involvement, having previously shown strong support for former President Donald Trump, including substantial financial contributions to his political action committee. Also read | 'Too much, too late': Georgia judge halts controversial ballot hand-counting rule Dominion debunks Musk's statements Dominion quickly rebutted Musk's assertions, clarifying that their machines do not operate in Philadelphia and that most jurisdictions already use paper ballots. A spokesperson of the company stated, "Fact: Dominion does not serve Philadelphia County. Fact: Dominion's voting systems are already based on voter verified paper ballots. Fact: Hand counts and audits of such paper ballots have repeatedly proven that Dominion machines produce accurate results. These are not matters of opinion. They are verifiable facts." Maricopa County officials also confirmed the accuracy of their voting machines, noting that a hand count after the election "found zero variances between hand count results and the Dominion tabulation equipment." (With inputs from agencies)

Elon Musk echoes Trump's voting machine conspiracy theories, pushes for paper ballots: 'Just too easy to hack'

Pennsylvania Governor&nbsp;Josh Shapiro said that billionaire Elon Musk’s plan to give $1 million to anybody who signs his America PAC before the presidential elections is “deeply concerning.”

“I think there are real questions with how he is spending money in this race. How the dark money is flowing, not just into Pennsylvania but apparently now into the pockets of Pennsylvanians,” said Shapiro on Sunday (Oct 20) on NBC News’s “Meet the Press.”

“That is deeply concerning," he added.

Shapiro said that Musk, who has endorsed Trump publicly and made appearances at rallies with him, has a right to express his views.

Also Read:&nbsp;<a href="https://www.wionews.com/world/elon-musk-echoes-trumps-voting-machine-conspiracy-theories-pushes-for-paper-ballots-just-too-easy-to-hack-769131">Elon Musk echoes Trump's voting machine conspiracy theories, pushes for paper ballots: 'Just too easy to hack'</a>

“He’s made it very, very clear that he supports Donald Trump. I don’t obviously, we have a difference of opinion. I don’t deny him that right,&nbsp;but when you start flowing this kind of money into politics, I think it raises serious questions," Shapiro said.

He further raised concerns regarding funding and interference of Musk in the presidential election.

“I think it raises serious questions that folks may want to take a look at,” he said.

When NBC News’s Kristin Welker asked Shapiro if plans of Musk are legal, the former Pennsylvania attorney general said that he was not able to weigh in on the issue.

“I think it’s something that law enforcement can take a look at,” Shapiro said.

Watch:&nbsp;Elon Musk Unveils Robotaxi Without Steering Wheels or Pedals

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-unveils-robotaxi-without-steering-wheels-or-pedals-766669/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Meanwhile, speaking to NBC News, law professor at the University of California, Rick Hasen, said, "Essentially, what you’re doing is you are creating a lottery. You’re creating a lottery where the only people eligible to participate in the lottery are people who register to vote, or are registered to vote, and that’s illegal."&nbsp;

<h2>Musk's $1 million proposal&nbsp;</h2>

Musk on Saturday (Oct 19) appealed to people to sign the petition in support&nbsp;of the right to bear arms and free speech and take $1 million in exchange.&nbsp;

“The only thing we ask for the million dollars is that you be a spokesperson for the petition,” said Musk.

On the website of the group, a statement read, “America PAC was created to support these key values: Secure Borders, Safe Cities, Sensible spending, Fair Justice System, Free Speech, Right to Self-Protection.” 
 
Musk said he wants to get “over a million, maybe two million, voters in the battleground states to sign the petition in support of the First and Second Amendment.”

“I think [it] sends a crucial message to our elected politicians,” said Musk.

(With inputs from agencies)

Pennsylvania Governor Josh Shapiro said that billionaire Elon Musk’s plan to give $1 million to anybody who signs his America PAC before the presidential elections is “deeply concerning.

Pennsylvania Governor Josh Shapiro said that billionaire Elon Musk’s plan to give $1 million to anybody who signs his America PAC before the presidential elections is “deeply concerning.” “I think there are real questions with how he is spending money in this race. How the dark money is flowing, not just into Pennsylvania but apparently now into the pockets of Pennsylvanians,” said Shapiro on Sunday (Oct 20) on NBC News’s “Meet the Press.” “That is deeply concerning," he added. Shapiro said that Musk, who has endorsed Trump publicly and made appearances at rallies with him, has a right to express his views. Also Read: Elon Musk echoes Trump's voting machine conspiracy theories, pushes for paper ballots: 'Just too easy to hack' “He’s made it very, very clear that he supports Donald Trump. I don’t obviously, we have a difference of opinion. I don’t deny him that right, but when you start flowing this kind of money into politics, I think it raises serious questions," Shapiro said. He further raised concerns regarding funding and interference of Musk in the presidential election. “I think it raises serious questions that folks may want to take a look at,” he said. When NBC News’s Kristin Welker asked Shapiro if plans of Musk are legal, the former Pennsylvania attorney general said that he was not able to weigh in on the issue. “I think it’s something that law enforcement can take a look at,” Shapiro said. Watch: Elon Musk Unveils Robotaxi Without Steering Wheels or Pedals Meanwhile, speaking to NBC News, law professor at the University of California, Rick Hasen, said, "Essentially, what you’re doing is you are creating a lottery. You’re creating a lottery where the only people eligible to participate in the lottery are people who register to vote, or are registered to vote, and that’s illegal." Musk's $1 million proposal Musk on Saturday (Oct 19) appealed to people to sign the petition in support of the right to bear arms and free speech and take $1 million in exchange. “The only thing we ask for the million dollars is that you be a spokesperson for the petition,” said Musk. On the website of the group, a statement read, “America PAC was created to support these key values: Secure Borders, Safe Cities, Sensible spending, Fair Justice System, Free Speech, Right to Self-Protection.” Musk said he wants to get “over a million, maybe two million, voters in the battleground states to sign the petition in support of the First and Second Amendment.” “I think [it] sends a crucial message to our elected politicians,” said Musk. (With inputs from agencies)

Governor appeals law enforcers to look into Musk’s proposal to give $1mn to his petition signers

US Elections 2024: Elon Musk, Tesla CEO on Saturday (Oct 19) stepped up his efforts to garner votes for former US president Donald Trump and announced that he would randomly start donating $1 million in cash every day to registered voters in Pennsylvania.

The Tesla and SpaceX CEO has recently taken an increasingly visible role in Trump's campaign and has even donated $75 million to his political organization America PAC.

Speaking at a campaign event in Harrisburg, Pennsylvania Trump announced that he would randomly start distributing cash awards until the November 5 vote to registered voters who signed Trump's organization's petition in support of free speech &amp; right to bear arms. He had previously posted a similar message on X.

<div bis_size="{&quot;x&quot;:8,&quot;y&quot;:198,&quot;w&quot;:723,&quot;h&quot;:221,&quot;abs_x&quot;:41,&quot;abs_y&quot;:1883}" class="ui-state-default" contenteditable="false">
<div bis_size="{&quot;x&quot;:116,&quot;y&quot;:209,&quot;w&quot;:505,&quot;h&quot;:200,&quot;abs_x&quot;:149,&quot;abs_y&quot;:1894}" class="twitter-block" draggable="false">
<blockquote bis_size="{&quot;x&quot;:121,&quot;y&quot;:209,&quot;w&quot;:495,&quot;h&quot;:200,&quot;abs_x&quot;:154,&quot;abs_y&quot;:1894}" class="twitter-tweet">
If you’re a registered Pennsylvania voter, you &amp; whoever referred you will now get $100 for signing our petition in support of free speech &amp; right to bear arms. 
 
Earn money for supporting something you already believe in! 
 
Offer valid until midnight on Monday.
— Elon Musk (@elonmusk) <a bis_size="{&quot;x&quot;:422,&quot;y&quot;:368,&quot;w&quot;:100,&quot;h&quot;:14,&quot;abs_x&quot;:455,&quot;abs_y&quot;:2053}" href="https://twitter.com/elonmusk/status/1847115389676740899?ref_src=twsrc%5Etfw">October 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a bis_size="{&quot;x&quot;:710,&quot;y&quot;:199,&quot;w&quot;:20,&quot;h&quot;:20,&quot;abs_x&quot;:743,&quot;abs_y&quot;:1884}" class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Also read |&nbsp;<a href="https://www.wionews.com/world/jd-vance-breaks-silence-backs-trumps-rigged-election-claims-alleges-serious-problems-in-2020-us-elections-768176">JD Vance breaks silence, backs Trump's rigged election claims; alleges 'serious problems' in 2020 US elections</a>

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:435,&quot;w&quot;:723,&quot;h&quot;:17,&quot;abs_x&quot;:41,&quot;abs_y&quot;:2120}">'You're Fired': Trump&nbsp;</h2>

Meanwhile, Donald Trump, the Republican Party presidential candidate, stepped up&nbsp;personal attacks on political rival US Vice President Kamala Harris, the Democratic Party presidential candidate. During a rally in Latrobe, Pennsylvania, Trump attacked Harris and said: "you're a shit vice president".

Addressing a crowd of his followers in the swing state, Trump said that Harris was more left than Democratic Senators Elizabeth Warren and Bernie Sanders.

"You have to tell Kamala Harris that you've had enough, that you just can't take it anymore. We can't stand you, you're a shit vice president."

To applause, Trump added: "Kamala, you're fired, get the hell out of here, you're fired."

He also made some off-colour comments about golf legend Arnold Palmer, a hometown hero. At the Latrobe event,&nbsp;Trump told voters a long story about Palmer that had mentions of the late golf legend's genitalia.

"He took showers with the other pros, they came out of there and said 'oh my God, that's unbelievable'," said Trump.

Harris campaign was quick to seize the opportunity and commented: "Trump's Pennsylvania closing argument is literal junk. In a Pennsylvania rally speech, his campaign team billed as 'the beginning of his closing argument in the final stretch,' Donald Trump focused on the issue most important to voters in this election: a deceased golfer's … anatomy."

Also read |&nbsp;<a href="https://www.wionews.com/world/trump-evades-questions-about-his-friendship-with-putin-says-i-dont-comment-on-that-what-is-he-hiding-767880">Trump dodges questions about his friendship with Putin, says 'I don't comment on that'—what is he hiding?</a>

<h2 bis_size="{&quot;x&quot;:8,&quot;y&quot;:870,&quot;w&quot;:723,&quot;h&quot;:26,&quot;abs_x&quot;:41,&quot;abs_y&quot;:2555}">Harris takes a pot-shot at Trump's health</h2>

On Saturday, Harris's entourage at rallies in Detroit and Atlanta included singers Lizzo and Usher respectively.&nbsp;

At the rally in Detroit, Harris painted her political rival Trump as exhausted and unhinged. She told the voters that Trump's platform is "self-consuming" and said: "We stand for the idea that the true measure of the strength of a leader is not based on who you beat down, it's on who you lift up."

In Atlanta, she accused the 78-year-old of "ducking debates and cancelling interviews because of exhaustion."

"When he does answer a question or speak at a rally -- have you noticed he tends to go off script and ramble, and generally, for the life of him, cannot finish a thought?" she asked. &nbsp;

"He's called it the weave. But we here we will call it nonsense."

(With inputs from agencies)

US Elections 2024: Elon Musk, Tesla CEO on Saturday (Oct 19) stepped up his efforts to garner votes for former US president Donald Trump and announced that he would randomly start donating $1 million in cash every day to registered voters in Pennsylvania.

US Elections 2024: Elon Musk, Tesla CEO on Saturday (Oct 19) stepped up his efforts to garner votes for former US president Donald Trump and announced that he would randomly start donating $1 million in cash every day to registered voters in Pennsylvania. The Tesla and SpaceX CEO has recently taken an increasingly visible role in Trump's campaign and has even donated $75 million to his political organization America PAC. Speaking at a campaign event in Harrisburg, Pennsylvania Trump announced that he would randomly start distributing cash awards until the November 5 vote to registered voters who signed Trump's organization's petition in support of free speech & right to bear arms. He had previously posted a similar message on X. If you’re a registered Pennsylvania voter, you & whoever referred you will now get $100 for signing our petition in support of free speech & right to bear arms. Earn money for supporting something you already believe in! Offer valid until midnight on Monday. — Elon Musk (@elonmusk) October 18, 2024 × Also read | JD Vance breaks silence, backs Trump's rigged election claims; alleges 'serious problems' in 2020 US elections 'You're Fired': Trump Meanwhile, Donald Trump, the Republican Party presidential candidate, stepped up personal attacks on political rival US Vice President Kamala Harris, the Democratic Party presidential candidate. During a rally in Latrobe, Pennsylvania, Trump attacked Harris and said: "you're a shit vice president". Addressing a crowd of his followers in the swing state, Trump said that Harris was more left than Democratic Senators Elizabeth Warren and Bernie Sanders. "You have to tell Kamala Harris that you've had enough, that you just can't take it anymore. We can't stand you, you're a shit vice president." To applause, Trump added: "Kamala, you're fired, get the hell out of here, you're fired." He also made some off-colour comments about golf legend Arnold Palmer, a hometown hero. At the Latrobe event, Trump told voters a long story about Palmer that had mentions of the late golf legend's genitalia. "He took showers with the other pros, they came out of there and said 'oh my God, that's unbelievable'," said Trump. Harris campaign was quick to seize the opportunity and commented: "Trump's Pennsylvania closing argument is literal junk. In a Pennsylvania rally speech, his campaign team billed as 'the beginning of his closing argument in the final stretch,' Donald Trump focused on the issue most important to voters in this election: a deceased golfer's … anatomy." Also read | Trump dodges questions about his friendship with Putin, says 'I don't comment on that'—what is he hiding? Harris takes a pot-shot at Trump's health On Saturday, Harris's entourage at rallies in Detroit and Atlanta included singers Lizzo and Usher respectively. At the rally in Detroit, Harris painted her political rival Trump as exhausted and unhinged. She told the voters that Trump's platform is "self-consuming" and said: "We stand for the idea that the true measure of the strength of a leader is not based on who you beat down, it's on who you lift up." In Atlanta, she accused the 78-year-old of "ducking debates and cancelling interviews because of exhaustion." "When he does answer a question or speak at a rally -- have you noticed he tends to go off script and ramble, and generally, for the life of him, cannot finish a thought?" she asked. "He's called it the weave. But we here we will call it nonsense." (With inputs from agencies)

Musk pledges $1mn daily cash giveaways to Trump supporters as 2024 US Election battle heats up

Billionaire Elon Musk said that "college is overrated." The owner of X took to social media to share a video of himself speaking about the diminishing value of traditional education and wrote in the caption that "college is overrated".&nbsp;

In the video, Musk was speaking at a solo event organised in support of Republican presidential nominee Donald Trump in Philadelphia on Thursday (October 17).

Speaking at the event, Musk said that a lot of people spend their college years accumulating debt and not gaining any practical, useful skills.&nbsp;

"I think the value of a college education is somewhat overweighted. Too many people spend four years, accumulate a ton of debt, and often don't have useful skills that they can apply afterwards," Musk said.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
College is overrated <a href="https://t.co/JJMJAk3w7Y">https://t.co/JJMJAk3w7Y</a>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1847854542714470893?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Although Musk himself has earned degrees in physics and economics, he believed that one does not need a four-year degree for success.

Also Read:&nbsp;<a href="https://www.wionews.com/world/elon-musk-echoes-trumps-voting-machine-conspiracy-theories-pushes-for-paper-ballots-just-too-easy-to-hack-769131">Elon Musk echoes Trump's voting machine conspiracy theories, pushes for paper ballots: 'Just too easy to hack'</a>

He said that practical skills are very important and emphasised that hands-on jobs like electricians, plumbers, and carpenters have a more crucial role in shaping one's career than some academic degrees.

"I have a lot of respect for people who work with their hands, and we need electricians, plumbers, and carpenters, and that's a lot more important than having incremental political science majors," Musk said.

"I think we should not have this idea that in order to be successful you need a four-year college degree. That is simply not true," he said.

<h2>Musk's opposition to traditional education</h2>

This is not the first time Musk has expressed his opposition to traditional education. In 2019, he stated that a college degree is not needed to work in his automotive and energy company, Tesla.

"You don’t need a college degree to work in Tesla," Musk wrote on X.&nbsp;

Speaking at the Satellite 2020 conference, Musk stated, "You don’t need college to learn stuff. Everything is available basically for free."

Watch:&nbsp;Elon Musk Fears Financial Fallout If Donald Trump Loses US Elections

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-fears-financial-fallout-if-donald-trump-loses-us-elections-766745/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

He added that in college it is important to have the social experience, however, that is not the only way to gain knowledge.

"I think&nbsp;colleges are basically for fun&nbsp;and to prove you can do your chores. But they’re not for learning," Musk said at the time.

(With inputs from agencies)

Billionaire Elon Musk said that "college is overrated." The owner of X took to social media to share a video of himself speaking about the diminishing value of traditional education and wrote in the caption that "college is overrated".

Billionaire Elon Musk said that "college is overrated." The owner of X took to social media to share a video of himself speaking about the diminishing value of traditional education and wrote in the caption that "college is overrated". In the video, Musk was speaking at a solo event organised in support of Republican presidential nominee Donald Trump in Philadelphia on Thursday (October 17). Speaking at the event, Musk said that a lot of people spend their college years accumulating debt and not gaining any practical, useful skills. "I think the value of a college education is somewhat overweighted. Too many people spend four years, accumulate a ton of debt, and often don't have useful skills that they can apply afterwards," Musk said. College is overrated https://t.co/JJMJAk3w7Y — Elon Musk (@elonmusk) October 20, 2024 × Although Musk himself has earned degrees in physics and economics, he believed that one does not need a four-year degree for success. Also Read: Elon Musk echoes Trump's voting machine conspiracy theories, pushes for paper ballots: 'Just too easy to hack' He said that practical skills are very important and emphasised that hands-on jobs like electricians, plumbers, and carpenters have a more crucial role in shaping one's career than some academic degrees. "I have a lot of respect for people who work with their hands, and we need electricians, plumbers, and carpenters, and that's a lot more important than having incremental political science majors," Musk said. "I think we should not have this idea that in order to be successful you need a four-year college degree. That is simply not true," he said. Musk's opposition to traditional education This is not the first time Musk has expressed his opposition to traditional education. In 2019, he stated that a college degree is not needed to work in his automotive and energy company, Tesla. "You don’t need a college degree to work in Tesla," Musk wrote on X. Speaking at the Satellite 2020 conference, Musk stated, "You don’t need college to learn stuff. Everything is available basically for free." Watch: Elon Musk Fears Financial Fallout If Donald Trump Loses US Elections He added that in college it is important to have the social experience, however, that is not the only way to gain knowledge. "I think colleges are basically for fun and to prove you can do your chores. But they’re not for learning," Musk said at the time. (With inputs from agencies)

Musk says college education ‘overrated’, success doesn’t need four-year degree

According to an index, there is an elite group of centibillionaires whose net worth exceed $100 billion each. The 15-member group includes names like Elon Musk, and Jeff Bezos.

Richie Rich: Who's Who in the US$ 100 Billion Club?

elon-musk

Elon Musk, News on Elon Musk, stories on Elon Musk, articles on Elon Musk, Elon Musk stories at Wion, Elon Musk news, Elon Musk latest news

elon musk