<h2 class="MsoNormal">Musk deems Apple’s OpenAI partnership a security violation<o:p></o:p></h2>

Elon Musk, a billionaire entrepreneur, announced on Monday that if Apple integrates OpenAI at the operating system level, he will prohibit their gadgets from his firms. Musk, CEO of Tesla, SpaceX, and social networking platform X, described the action as "an unacceptable security violation."<o:p></o:p>

<h2 class="MsoNormal">Concerns over data privacy<o:p></o:p></h2>

Musk clarified on his stance in a post on X, saying, "And visitors will have to check their Apple devices at the door, where they will be stored in a Faraday cage." This strong declaration comes on the heels of Apple's unveiling of new AI functionality in its apps and operating systems, developed in collaboration with OpenAI. The tech behemoth claims that these AI integrations have privacy "at their core," leveraging a mix of on-device processing and cloud computing.<o:p></o:p>

Musk was sceptical, stating, "It's patently absurd that Apple isn't smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security &amp; privacy!"<o:p></o:p>

<h2 class="MsoNormal">Industry response and scepticism<o:p></o:p></h2>

Industry experts were eager to respond to Musk's contentious viewpoint. Ben Bajarin, CEO of Creative Strategies, believes Musk's restriction is unlikely to receive widespread support. Bajarin explained, "Apple is attempting to teach consumers that the private cloud is just as secure as storing data on a device. Apple rarely sees that (data)."<o:p></o:p>

<h2 class="MsoNormal">Musk’s history with OpenAI<o:p></o:p></h2>

Musk's criticism of OpenAI is not new. The entrepreneur co-founded OpenAI in 2015 but sued the organisation and its CEO, Sam Altman, earlier this year, alleging that they had deviated from the original mission to develop AI for the benefit of humanity. Musk has since launched his own AI venture, xAI, as a direct competitor to OpenAI's ChatGPT.<o:p></o:p>

<h2 class="MsoNormal">xAI’s ambitious growth<o:p></o:p></h2>

Musk's xAI, which intends to provide an alternative to ChatGPT, has grown rapidly. The firm was valued at $24 billion during its most recent investment round, which included $6 billion in series B funding. This rapid growth demonstrates Musk's determination to lead the AI innovation race.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Musk deems Apple’s OpenAI partnership a security violation Elon Musk, a billionaire entrepreneur, announced on Monday that if Apple integrates OpenAI at the operating system level, he will prohibit their gadgets from his firms.

Musk deems Apple’s OpenAI partnership a security violation Elon Musk, a billionaire entrepreneur, announced on Monday that if Apple integrates OpenAI at the operating system level, he will prohibit their gadgets from his firms. Musk, CEO of Tesla, SpaceX, and social networking platform X, described the action as "an unacceptable security violation." Concerns over data privacy Musk clarified on his stance in a post on X, saying, "And visitors will have to check their Apple devices at the door, where they will be stored in a Faraday cage." This strong declaration comes on the heels of Apple's unveiling of new AI functionality in its apps and operating systems, developed in collaboration with OpenAI. The tech behemoth claims that these AI integrations have privacy "at their core," leveraging a mix of on-device processing and cloud computing. Musk was sceptical, stating, "It's patently absurd that Apple isn't smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy!" Industry response and scepticism Industry experts were eager to respond to Musk's contentious viewpoint. Ben Bajarin, CEO of Creative Strategies, believes Musk's restriction is unlikely to receive widespread support. Bajarin explained, "Apple is attempting to teach consumers that the private cloud is just as secure as storing data on a device. Apple rarely sees that (data)." Musk’s history with OpenAI Musk's criticism of OpenAI is not new. The entrepreneur co-founded OpenAI in 2015 but sued the organisation and its CEO, Sam Altman, earlier this year, alleging that they had deviated from the original mission to develop AI for the benefit of humanity. Musk has since launched his own AI venture, xAI, as a direct competitor to OpenAI's ChatGPT. xAI’s ambitious growth Musk's xAI, which intends to provide an alternative to ChatGPT, has grown rapidly. The firm was valued at $24 billion during its most recent investment round, which included $6 billion in series B funding. This rapid growth demonstrates Musk's determination to lead the AI innovation race. (With inputs from Agencies)

Elon Musk threatens Apple device ban over OpenAI integration

Billionaire Elon Musk announced plans to ban Apple devices from his companies if Apple integrates OpenAi's artificial intelligence software at the operating system level. Musk, who co-founded OpenAi but later parted ways with the company, labelled this integration a Security violation.

Apple introduces AI to its products, Elon Musk threatens ban over security fears

With a splashdown in ocean, SpaceX successfully finished the test of its 5,000-tonne Starship, the world's most powerful launch vehicle,&nbsp;on Thursday (June 6)&nbsp;from a site in Boca Chica, Texas.&nbsp;

The fourth test mission carried out by SpaceX has proven to be the most effective compared to the previous ones.

Congratulating the team on this momentous occasion, SpaceX CEO, Elon Musk took to X and wrote, “Congratulations SpaceX team on an epic achievement!"

Standing 397 feet (121 metres) tall, Starship is intended to be completely reusable in the future.&nbsp;

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<blockquote class="twitter-tweet">
<a href="https://t.co/x6236wZWox">pic.twitter.com/x6236wZWox</a>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1725926274995028152?ref_src=twsrc%5Etfw">November 18, 2023</a></blockquote>
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&nbsp;

The launch video was shared online, where people could witness this magnificent launch in slow motion. SpaceX portrayed its dominance in advanced technology through the launch and restated its future endeavours for the Mars and Moon.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/science/astronaut-william-anders-who-showed-earthrise-from-moon-killed-in-plane-crash-729781">Astronaut William Anders, who showed 'Earthrise' from Moon, killed in plane crash</a>

The Super Heavy booster had 33 Raptor engines and generated over 16 million pounds of thrust to launch the Starship into space.

Proceeding with its ascension, the Starship burned its engines for over six minutes before coasting to an altitude of 214 kilometres above Earth.&nbsp;

Cameras were installed on the Spacecraft that captured the descent. Due to excessive heat, it was seen that the front fin of the craft was damaged. Despite the challenges faced the Starship completed its mission and secured a landing in the ocean.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/science/watch-new-breathtaking-video-of-marss-scarred-canyons-offers-insight-into-its-eventful-past-729680">Watch: New breathtaking video of Mars’s scarred canyons offers insight into its eventful past</a>

The problems encountered during this launch are helpful for the engineers at SpaceX to come up with modifications to decrease the scope of errors for future missions.&nbsp;

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Despite loss of many tiles and a damaged flap, Starship made it all the way to a soft landing in the ocean! 
 
Congratulations <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a> team on an epic achievement!! <a href="https://t.co/UnXbnmZ2pE">https://t.co/UnXbnmZ2pE</a>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1798718549307109867?ref_src=twsrc%5Etfw">June 6, 2024</a></blockquote>
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(With inputs from agencies)&nbsp;

With a splashdown in ocean, SpaceX successfully finished the test of its 5,000-tonne Starship, the world's most powerful launch vehicle, on Thursday (June 6) from a site in Boca Chica, Texas.

With a splashdown in ocean, SpaceX successfully finished the test of its 5,000-tonne Starship, the world's most powerful launch vehicle, on Thursday (June 6) from a site in Boca Chica, Texas. The fourth test mission carried out by SpaceX has proven to be the most effective compared to the previous ones. Congratulating the team on this momentous occasion, SpaceX CEO, Elon Musk took to X and wrote, “Congratulations SpaceX team on an epic achievement!" Standing 397 feet (121 metres) tall, Starship is intended to be completely reusable in the future. pic.twitter.com/x6236wZWox — Elon Musk (@elonmusk) November 18, 2023 × The launch video was shared online, where people could witness this magnificent launch in slow motion. SpaceX portrayed its dominance in advanced technology through the launch and restated its future endeavours for the Mars and Moon. Also read | Astronaut William Anders, who showed 'Earthrise' from Moon, killed in plane crash The Super Heavy booster had 33 Raptor engines and generated over 16 million pounds of thrust to launch the Starship into space. Proceeding with its ascension, the Starship burned its engines for over six minutes before coasting to an altitude of 214 kilometres above Earth. Cameras were installed on the Spacecraft that captured the descent. Due to excessive heat, it was seen that the front fin of the craft was damaged. Despite the challenges faced the Starship completed its mission and secured a landing in the ocean. Also read | Watch: New breathtaking video of Mars’s scarred canyons offers insight into its eventful past The problems encountered during this launch are helpful for the engineers at SpaceX to come up with modifications to decrease the scope of errors for future missions. Despite loss of many tiles and a damaged flap, Starship made it all the way to a soft landing in the ocean! Congratulations @SpaceX team on an epic achievement!! https://t.co/UnXbnmZ2pE — Elon Musk (@elonmusk) June 6, 2024 × (With inputs from agencies)

Watch: SpaceX completes test of 5,000-tonne Starship, the most powerful launch vehicle

SpaceX's giant prototype rocket Starship on Thursday lifted off on its fourth test flight in an attempt to reach outer space and then back to Earth surviving the hot re-entry through the planet's atmosphere.

Notably, at the time of its previous attempt, the rocket broke apart during this crucial phase.

Starship, which is also the most powerful liftoff system ever built, embarked on its journey from Starbase in Boca Chica, Texas at 7:50 am (1250 GMT).

"The payload for these flight tests is data," SpaceX posted on X. "Building upon what we achieved during Starship's third flight test, our primary goal today is to get through the extreme heat of reentry."

Starship, in its third test launch, burned up during its return trip to Earth. After a hiatus of seven months following its inaugural flight last April, SpaceX swiftly followed up with two more test flights in November and one in March.

Departing from Boca Chica, Texas, and traversing the Gulf of Mexico, the vessel's third flight completed a circumnavigation of our planet.

Unfortunately, communication was lost during the final phase of the test as it descended into the atmosphere.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/science/night-skies-to-get-a-new-star-soon-heres-how-you-can-see-blaze-star-with-naked-eyes-729376">Night skies to get a 'new star' soon. Here's how you can see Blaze Star with naked eyes</a>

The rocket this time is covered with several small black tiles that are specifically designed to safeguard the spacecraft from extensive heat encountered while making a re-entry into the earth's atmosphere at hypersonic speed.

"The main goal of this mission is to get much deeper into the atmosphere during reentry, ideally through max heating," Musk, CEO of SpaceX, wrote on social media on Saturday (Jun 1).

The company, led by entrepreneur and business magnate Elon Musk has been pushing the boundaries of space travel with its Starship project. Musk is aiming to revolutionise missions to the Moon, Mars, and beyond.

SpaceX has also announced plans for lunar missions with its Starship vehicle, including the "Dear Moon" project, which intends to send artists and other private individuals on a lunar flyby mission.

(With inputs from agencies)

SpaceX's giant prototype rocket Starship on Thursday lifted off on its fourth test flight in an attempt to reach outer space and then back to Earth surviving the hot re-entry through the planet's atmosphere.

SpaceX's giant prototype rocket Starship on Thursday lifted off on its fourth test flight in an attempt to reach outer space and then back to Earth surviving the hot re-entry through the planet's atmosphere. Notably, at the time of its previous attempt, the rocket broke apart during this crucial phase. Starship, which is also the most powerful liftoff system ever built, embarked on its journey from Starbase in Boca Chica, Texas at 7:50 am (1250 GMT). "The payload for these flight tests is data," SpaceX posted on X. "Building upon what we achieved during Starship's third flight test, our primary goal today is to get through the extreme heat of reentry." Starship, in its third test launch, burned up during its return trip to Earth. After a hiatus of seven months following its inaugural flight last April, SpaceX swiftly followed up with two more test flights in November and one in March. Departing from Boca Chica, Texas, and traversing the Gulf of Mexico, the vessel's third flight completed a circumnavigation of our planet. Unfortunately, communication was lost during the final phase of the test as it descended into the atmosphere. Also read: Night skies to get a 'new star' soon. Here's how you can see Blaze Star with naked eyes The rocket this time is covered with several small black tiles that are specifically designed to safeguard the spacecraft from extensive heat encountered while making a re-entry into the earth's atmosphere at hypersonic speed. "The main goal of this mission is to get much deeper into the atmosphere during reentry, ideally through max heating," Musk, CEO of SpaceX, wrote on social media on Saturday (Jun 1). The company, led by entrepreneur and business magnate Elon Musk has been pushing the boundaries of space travel with its Starship project. Musk is aiming to revolutionise missions to the Moon, Mars, and beyond. SpaceX has also announced plans for lunar missions with its Starship vehicle, including the "Dear Moon" project, which intends to send artists and other private individuals on a lunar flyby mission. (With inputs from agencies)

SpaceX launches Starship on fourth test flight

Here, we bring you the news that is trending across WION's social media platforms: - Screen emitting blue light doesn't impact sleep - Kate Middleton may never return to her royal duties

Kate Middleton may never return to her royal duties

Although Elon Musk's X now formally permits pornographic content, it promises to prevent users under the age of 18 or those who have not given their consent from seeing violent and adult content.

X now "officially" allows adult content for its users after Musk updated its policies

Elon Musk’s X now "officially" allows adult content after update in policies

<h2 class="MsoNormal">Elon Musk confirms major investment in Nvidia technology<o:p></o:p></h2>

Tesla Inc. plans to spend between $3 billion and $4 billion on Nvidia Corp. hardware this year, CEO Elon Musk said in a post on X, formerly known as Twitter, on Tuesday. The investment is part of Tesla's larger push into artificial intelligence, demonstrating the company's commitment to developing its AI capabilities.<o:p></o:p>

<h2 class="MsoNormal">AI capital expenditure to reach $10 billion<o:p></o:p></h2>

Musk indicated that Tesla's total AI-related capital expenditure for the year would be around $10 billion. "For building the AI training superclusters, Nvidia hardware is about 2/3 of the cost," Musk stated on X. He further said that approximately half of the AI cost would be for internal development.<o:p></o:p>

<h2 class="MsoNormal">Nvidia to prioritise shipments to X and xAI<o:p></o:p></h2>

In a related move, Tesla reportedly told Nvidia to prioritise the delivery of AI chips to Musk's other companies, such as the social media platform X,&nbsp;the AI research firm xAI and&nbsp;Tesla's electric vehicle division. This strategic shift emphasises the growing importance of AI technology in Musk's economic enterprise.<o:p></o:p>

<h2 class="MsoNormal">Shareholder Vote on CEO Pay Package Looms<o:p></o:p></h2>

The disclosure comes just ahead of a pivotal shareholder vote on Musk's remuneration package at Tesla. The outcome of this vote could have a significant impact on the company's future direction and the CEO's role.<o:p></o:p>

Tesla confirmed its prediction of more than $10 billion in capital expenditures for the year in April, with future years projected to range from $8 billion to $10 billion. The significant investment in Nvidia hardware is expected to play an important role in advancing Tesla's ambitious AI projects.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Elon Musk confirms major investment in Nvidia technology Tesla Inc. plans to spend between $3 billion and $4 billion on Nvidia Corp. hardware this year, CEO Elon Musk said in a post on X, formerly known as Twitter, on Tuesday.

Elon Musk confirms major investment in Nvidia technology Tesla Inc. plans to spend between $3 billion and $4 billion on Nvidia Corp. hardware this year, CEO Elon Musk said in a post on X, formerly known as Twitter, on Tuesday. The investment is part of Tesla's larger push into artificial intelligence, demonstrating the company's commitment to developing its AI capabilities. AI capital expenditure to reach $10 billion Musk indicated that Tesla's total AI-related capital expenditure for the year would be around $10 billion. "For building the AI training superclusters, Nvidia hardware is about 2/3 of the cost," Musk stated on X. He further said that approximately half of the AI cost would be for internal development. Nvidia to prioritise shipments to X and xAI In a related move, Tesla reportedly told Nvidia to prioritise the delivery of AI chips to Musk's other companies, such as the social media platform X, the AI research firm xAI and Tesla's electric vehicle division. This strategic shift emphasises the growing importance of AI technology in Musk's economic enterprise. Shareholder Vote on CEO Pay Package Looms The disclosure comes just ahead of a pivotal shareholder vote on Musk's remuneration package at Tesla. The outcome of this vote could have a significant impact on the company's future direction and the CEO's role. Tesla confirmed its prediction of more than $10 billion in capital expenditures for the year in April, with future years projected to range from $8 billion to $10 billion. The significant investment in Nvidia hardware is expected to play an important role in advancing Tesla's ambitious AI projects. (With inputs from Agencies)

Tesla to spend up to $4 Billion on Nvidia hardware amid AI expansion

Elon Musk’s social media platform X has now officially permitted pornographic content on its platform, however, it added that all adult and violent posts will be blocked from users who are below the age of 18 or those who have not opted to see it.

On Monday (June 3), the company announced the new policies which will formalise what will remain viewable on the social media platform.

These new policies have been introduced amid increasing pressure from regulators on platforms around the world to stop children from getting access to inappropriate content on social media.

Also Read:&nbsp;<a href="https://www.wionews.com/technology/elon-musk-says-ai-will-eliminate-all-jobs-calls-it-his-biggest-fear-725004">Elon Musk says AI will eliminate all jobs, calls it his ‘biggest fear’</a>

The social media platform X, historically, has not stopped people from sharing adult content on the platform. Social media platform X has been used by sex workers, who use subscription services such as OnlyFans, to promote their work for years.

<h2>How X will deal with pornographic content?</h2>

The users of X, who share adult content - which includes nudity and implied or explicit sexual acts - have been asked by the social media platform to adjust media settings so that a content warning appears before their images and videos for users before they are viewed.

Users, who are below the age of 18 or those who have not added a birthdate to their profile, will not be able to view this content.

According to X, it will detect what users are posting and state that if users fail to mark pornographic posts appropriately then “we will adjust your account settings for you”.&nbsp;

The platform has had similar rules for violent content&nbsp;which includes violent speech or media - which includes what threatens, incites, glorifies or expresses any kind of desire for violence or harm.

Even&nbsp;teens have reported seeing the circulation of more pornographic material on social media platform X in comparison to adult sites.&nbsp;

Watch:&nbsp;Trump eyes Elon Musk for White House advisory role if elected, says report

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/trump-eyes-elon-musk-for-white-house-advisory-role-if-elected-says-report-727103/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Australia’s online safety regulator Julie Inman Grant, last week, said that Apple and Google made financial motives&nbsp;to keep both X and Reddit on their app stores even though they host adult content – which she added violated both app store policies.

“There’s a huge disincentive right now for the app stores to actually follow their own [policies]. They collect a 30% tithe from every transaction that happens on a social media site … Think about the force multiplier of deplatforming an app and what that would mean to their revenue," she said.&nbsp;

(With inputs from agencies)

Elon Musk’s social media platform X has now officially permitted pornographic content on its platform, however, it added that all adult and violent posts will be blocked from users who are below the age of 18 or those who have not opted to see it.

Elon Musk’s social media platform X has now officially permitted pornographic content on its platform, however, it added that all adult and violent posts will be blocked from users who are below the age of 18 or those who have not opted to see it. On Monday (June 3), the company announced the new policies which will formalise what will remain viewable on the social media platform. These new policies have been introduced amid increasing pressure from regulators on platforms around the world to stop children from getting access to inappropriate content on social media. Also Read: Elon Musk says AI will eliminate all jobs, calls it his ‘biggest fear’ The social media platform X, historically, has not stopped people from sharing adult content on the platform. Social media platform X has been used by sex workers, who use subscription services such as OnlyFans, to promote their work for years. How X will deal with pornographic content? The users of X, who share adult content - which includes nudity and implied or explicit sexual acts - have been asked by the social media platform to adjust media settings so that a content warning appears before their images and videos for users before they are viewed. Users, who are below the age of 18 or those who have not added a birthdate to their profile, will not be able to view this content. According to X, it will detect what users are posting and state that if users fail to mark pornographic posts appropriately then “we will adjust your account settings for you”. The platform has had similar rules for violent content which includes violent speech or media - which includes what threatens, incites, glorifies or expresses any kind of desire for violence or harm. Even teens have reported seeing the circulation of more pornographic material on social media platform X in comparison to adult sites. Watch: Trump eyes Elon Musk for White House advisory role if elected, says report Australia’s online safety regulator Julie Inman Grant, last week, said that Apple and Google made financial motives to keep both X and Reddit on their app stores even though they host adult content – which she added violated both app store policies. “There’s a huge disincentive right now for the app stores to actually follow their own [policies]. They collect a 30% tithe from every transaction that happens on a social media site … Think about the force multiplier of deplatforming an app and what that would mean to their revenue," she said. (With inputs from agencies)

Elon Musk's X alters porn policy, adapts system which blocks under-18 users

Tesla is facing a shareholder showdown over CEO Elon Musk's controversial 56 billion dollar compensation plan. Proxy advisory firms ISS and Glass Lewis, who hold significant sway over investor votes, have both recommended rejecting the massive payout.

Tesla board scrambles for shareholder support

United States former president Donald Trump is likely making plans to appoint billionaire Elon Musk as an advisor in the White House after coming back to power, reports suggested.&nbsp;

The news of Trump considering an advisory role for Musk came after the two patched up in recent months.&nbsp;

According to a report published in the The Wall Street Journal, Trump has not finalised the details, however, the two have been discussing how Musk can provide &nbsp;“formal input” on issues like the economy, border, and preventing voter fraud.

Also Read:&nbsp;<a href="https://www.wionews.com/world/trump-vows-to-crush-pro-palestinian-protests-after-returning-to-white-house-726207">Trump&nbsp;vows to crush pro-Palestinian protests after returning to White House</a>

There has been a change in the icy relationship between the two and Musk has now been on telephone calls with Trump “several times a month,” as per the outlet.

<h2>Musk pushes business leaders to not support Biden</h2>

The world’s third-richest man, along with billionaire investor&nbsp;Nelson Peltz, spoke to Trump regarding an effort made by Musk to convince business leaders not to support President Joe Biden in November elections.

“President Trump will be the only voice of what role an individual plays in his presidency,” said senior Trump adviser Brian Hughes, while speaking to The New York Post.

“But it has been widely reported and is demonstrated in a number of ways, that many of the nation’s most important leaders in technology and innovation are concerned with the damage done to their industry by Biden’s failures to handle our economy and his moves to overburden innovators with government bureaucracy and unrelenting regulation," he added.

Social media platform X owner and founder of Tesla and Space X Musk had earlier said that he would not give money to either candidate and has always taken an anti-Biden stance.

However, the South African-born billionaire has always portrayed himself as an independent. In 2002, Musk became a US citizen.

After clinching victory on Super Tuesday and becoming a presumptive Republican nominee, Trump met Musk at Mar-a-Lago, reported the Wall Street Journal.

Watch:&nbsp;Trump eyes Elon Musk for White House advisory role if elected, says report

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/trump-eyes-elon-musk-for-white-house-advisory-role-if-elected-says-report-727103/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

In March while speaking to CNBC, Trump confirmed that he met with Musk but did not get into the details of their conversation.&nbsp;

“Look, I’ve been friendly with him over the years. I’ve helped him when I was president. I helped him. I’ve liked him,” said Trump.&nbsp;

Musk and Trump's conversations have always delved into topics like tech, immigration and science, as reported by The Wall Street Journal.

“America will fall if it tries to absorb the world. That is why I am banging the drum so much about this issue,” said Musk, while speaking about immigration&nbsp;in March.

(With inputs from agencies)

United States former president Donald Trump is likely making plans to appoint billionaire Elon Musk as an advisor in the White House after coming back to power, reports suggested.

United States former president Donald Trump is likely making plans to appoint billionaire Elon Musk as an advisor in the White House after coming back to power, reports suggested. The news of Trump considering an advisory role for Musk came after the two patched up in recent months. According to a report published in the The Wall Street Journal, Trump has not finalised the details, however, the two have been discussing how Musk can provide “formal input” on issues like the economy, border, and preventing voter fraud. Also Read: Trump vows to crush pro-Palestinian protests after returning to White House There has been a change in the icy relationship between the two and Musk has now been on telephone calls with Trump “several times a month,” as per the outlet. Musk pushes business leaders to not support Biden The world’s third-richest man, along with billionaire investor Nelson Peltz, spoke to Trump regarding an effort made by Musk to convince business leaders not to support President Joe Biden in November elections. “President Trump will be the only voice of what role an individual plays in his presidency,” said senior Trump adviser Brian Hughes, while speaking to The New York Post. “But it has been widely reported and is demonstrated in a number of ways, that many of the nation’s most important leaders in technology and innovation are concerned with the damage done to their industry by Biden’s failures to handle our economy and his moves to overburden innovators with government bureaucracy and unrelenting regulation," he added. Social media platform X owner and founder of Tesla and Space X Musk had earlier said that he would not give money to either candidate and has always taken an anti-Biden stance. However, the South African-born billionaire has always portrayed himself as an independent. In 2002, Musk became a US citizen. After clinching victory on Super Tuesday and becoming a presumptive Republican nominee, Trump met Musk at Mar-a-Lago, reported the Wall Street Journal. Watch: Trump eyes Elon Musk for White House advisory role if elected, says report In March while speaking to CNBC, Trump confirmed that he met with Musk but did not get into the details of their conversation. “Look, I’ve been friendly with him over the years. I’ve helped him when I was president. I helped him. I’ve liked him,” said Trump. Musk and Trump's conversations have always delved into topics like tech, immigration and science, as reported by The Wall Street Journal. “America will fall if it tries to absorb the world. That is why I am banging the drum so much about this issue,” said Musk, while speaking about immigration in March. (With inputs from agencies)

Trump planning to give White House advisory role to Elon Musk after becoming president: Report

Let's shift our focus to the developments in the latest lawsuit and probe against Elon musk. The US Securities and exchange commission (s-e-c) is investigating musk's 2022 purchase of the social media site formerly known as twitter. The billionaire has now agreed to testify in the US Regulator's probe. Watch in for more details!

Did Musk secretly acquire twitter stocks before the buyout?

The California Public Employees' Retirement System (CalPERS) has announced its opposition to Tesla CEO Elon Musk's $56 billion pay package, citing concerns about its alignment with the company's performance. <o:p></o:p>

CalPERS CEO Marcie Frost stated in an interview with CNBC, "We do not believe that the compensation is commensurate with the performance of the company."<o:p></o:p>

CalPERS, one of Tesla's top 30 investors, holds 9.5 million shares of the electric vehicle manufacturer. <o:p></o:p>

The pension fund's stance adds significant weight to the ongoing debate over Musk's compensation, which has faced scrutiny from various quarters. <o:p></o:p>

Elon Musk responded to CalPERS' opposition on social media platform X, formerly known as Twitter, asserting that the pension fund's position was unfounded. <o:p></o:p>

He argued that all contractual milestones of the pay package were met and accused CalPERS of reneging on their agreement. <o:p></o:p>

"What she's saying makes no sense, as all the contractual milestones were met. CalPERS is breaking their word," Musk wrote.<o:p></o:p>

The controversy around Musk's pay package is not new. <o:p></o:p>

Proxy advisory firm Glass Lewis recently urged Tesla shareholders to reject the compensation plan, highlighting its disconnect from the company’s actual performance. <o:p></o:p>

In a rebuttal, Tesla underlined Musk's role in creating wealth for its stockholders, pointing out his significant personal investment in the company.<o:p></o:p>

Musk's pay package, the largest in corporate America, eschews a traditional salary or cash bonus. <o:p></o:p>

Instead, it ties rewards to Tesla's market value, which is expected to rise to $650 billion within a decade from its inception in 2018. <o:p></o:p>

However, a Delaware judge dismissed the package in January, calling it "an unfathomable sum" that was unfair to shareholders.<o:p></o:p>

In April, Tesla sought reaffirmation from its shareholders for Musk’s compensation plan, initially set in 2018. <o:p></o:p>

Adding to the divide among advisory firms, Egan-Jones Proxy Services recommended that investors support the pay package. <o:p></o:p>

The firm noted that maintaining Musk's leadership and motivation is crucial for Tesla’s sustained growth and innovation. <o:p></o:p>

"The continuation of this compensation plan is critical for maintaining Musk’s leadership and motivation, which are essential for Tesla’s sustained growth and innovation," an Egan-Jones manager stated in an email.<o:p></o:p>

Egan-Jones also supported Tesla's proposal to shift its state of incorporation from Delaware to Texas, suggesting that the move could enhance operational efficiency and corporate culture by aligning legal and operational bases.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

The California Public Employees' Retirement System (CalPERS) has announced its opposition to Tesla CEO Elon Musk's $56 billion pay package, citing concerns about its alignment with the company's performance.

The California Public Employees' Retirement System (CalPERS) has announced its opposition to Tesla CEO Elon Musk's $56 billion pay package, citing concerns about its alignment with the company's performance. CalPERS CEO Marcie Frost stated in an interview with CNBC, "We do not believe that the compensation is commensurate with the performance of the company." CalPERS, one of Tesla's top 30 investors, holds 9.5 million shares of the electric vehicle manufacturer. The pension fund's stance adds significant weight to the ongoing debate over Musk's compensation, which has faced scrutiny from various quarters. Elon Musk responded to CalPERS' opposition on social media platform X, formerly known as Twitter, asserting that the pension fund's position was unfounded. He argued that all contractual milestones of the pay package were met and accused CalPERS of reneging on their agreement. "What she's saying makes no sense, as all the contractual milestones were met. CalPERS is breaking their word," Musk wrote. The controversy around Musk's pay package is not new. Proxy advisory firm Glass Lewis recently urged Tesla shareholders to reject the compensation plan, highlighting its disconnect from the company’s actual performance. In a rebuttal, Tesla underlined Musk's role in creating wealth for its stockholders, pointing out his significant personal investment in the company. Musk's pay package, the largest in corporate America, eschews a traditional salary or cash bonus. Instead, it ties rewards to Tesla's market value, which is expected to rise to $650 billion within a decade from its inception in 2018. However, a Delaware judge dismissed the package in January, calling it "an unfathomable sum" that was unfair to shareholders. In April, Tesla sought reaffirmation from its shareholders for Musk’s compensation plan, initially set in 2018. Adding to the divide among advisory firms, Egan-Jones Proxy Services recommended that investors support the pay package. The firm noted that maintaining Musk's leadership and motivation is crucial for Tesla’s sustained growth and innovation. "The continuation of this compensation plan is critical for maintaining Musk’s leadership and motivation, which are essential for Tesla’s sustained growth and innovation," an Egan-Jones manager stated in an email. Egan-Jones also supported Tesla's proposal to shift its state of incorporation from Delaware to Texas, suggesting that the move could enhance operational efficiency and corporate culture by aligning legal and operational bases. (With inputs from Reuters)

CalPERS opposes Elon Musk's $56 billion pay package amid shareholder discontent

According to the report, the former President of the United States, Donald Trump is considering appointing Tesla CEO Elon Musk for the role of an advisor to him in the White House, as the 2024 Presidential elections draw close.

Trump eyes Elon Musk for White House advisory role if elected, says report

Elon Musk's xAI secures a staggering $6 billion in funding, while US lawmakers move to regulate AI system exports over national security worries. Take a look at this report for the latest AI advancements in this weekly roundup.

Investors bullish on xAI's $24 bn valuation, betting on AI innovation

Elon Musk's startup xAI has secured $6 billion in series B funding. This propels xAI to a post-money valuation of $24 billion. xAI plans to leverage these funds to bring its first products to market, build advanced infrastructure, and accelerate research for future technologies.

xAI secures $6 BN in series b funding, reaches $24 BN valuation

In an attempt to bolster its progress against OpenAI, Elon Musk's artificial intelligence startup xAI has raised $6 billion. Not much over a year after xAI made its debut, the Series B round was announced in a blog post on May 26.

In an attempt to bolster its progress against OpenAI, Elon Musk's artificial intelligence startup xAI has raised $6 billion. Not much over a year after xAI made its debut, the Series B round was announced in a blog post on May 26. The only companies that appear to be able to compete with OpenAI in terms of creating the largest language models, or frontier models, are Google, Meta, and Amazon's Anthropic. With his companies, Musk has accomplished several significant milestones. For instance, he popularised electric cars with Tesla, and he created the private-sector rockets that currently rule the American market with SpaceX. However, Musk's track record is also filled with mistakes, particularly in the area of software initiatives such as Tesla's self-driving capabilities or Twitter's venture under the name X. Access to user data from X will be a major benefit for xAI. With real-time access to X's data, xAI may be able to enhance the news value and sophistication of its chatbot. Also read: Black holes captured acting like a Death Star’s weapon, point jets at new targets Access to user data from X will be a major benefit for xAI. With real-time access to X's data, xAI may be able to enhance the news value and intelligence of its chatbot. Alternatively, it is more likely to recirculate extreme falsehoods as gospel because ultimately the source of the information will be the posts made by users on X and they will not necessarily be true. What is OpenAI doing to upgrade ChatGPT? On Tuesday, OpenAI announced that it has started developing a new flagship AI model that will replace the GPT-4 technology that powers ChatGPT. The San Francisco-based startup stated in a blog post that it hopes the new model would provide "the next level of capabilities" in its mission to create "artificial general intelligence," or AGI, a computer that is capable of whatever the human brain is capable of. In addition, OpenAI said that it was forming a new Safety and Security Committee to investigate potential hazards associated with the new model and emerging technologies. “While we are proud to build and release models that are industry-leading on both capabilities and safety, we welcome a robust debate at this important moment,” the company said in a blog post. (With inputs from agencies)

Elon Musk’s xAI raises $6 billion; OpenAI develops new flagship AI model

Proxy advisory firm Glass Lewis has advised Tesla shareholders to vote against CEO Elon Musk's proposed $56 billion compensation package, the largest ever proposed for a corporate executive in the United States. <o:p></o:p>

This recommendation could heavily impact the upcoming shareholder meeting.<o:p></o:p>

Glass Lewis cited several concerns, including the sheer size of the pay package, its potential dilutive effect, and the concentration of ownership it would further solidify. <o:p></o:p>

The advisory firm also pointed out Musk's numerous demanding ventures, which now include managing Twitter, rebranded as X, as a reason for their opposition.<o:p></o:p>

The controversial pay package, put forward by Tesla's board of directors, has been a focal point of criticism due to the board's perceived close relationship with Musk. <o:p></o:p>

The package includes no salary or cash bonuses but ties rewards to the company's market value, which must increase to $650 billion within a decade starting from 2018. <o:p></o:p>

As of now, Tesla's market value stands at approximately $571.6 billion.<o:p></o:p>

In January, Delaware's Court of Chancery Judge Kathaleen McCormick annulled the original pay deal, prompting Musk to consider relocating Tesla's state of incorporation from Delaware to Texas. <o:p></o:p>

Glass Lewis criticised this potential move, warning it could bring uncertain benefits and additional risks for shareholders.<o:p></o:p>

Despite the advisory firm's recommendations, Tesla continues to advocate for the approval of Musk's compensation package. <o:p></o:p>

Robyn Denholm, Tesla's board chair, recently defended the pay package in an interview with the Financial Times, arguing that Musk's leadership has been instrumental in achieving significant milestones in revenue and stock price.<o:p></o:p>

Since taking the helm as CEO in 2008, Musk has overseen Tesla's transformation from a company posting a $2.2 billion loss in 2018 to generating a $15 billion profit. <o:p></o:p>

Under his leadership, vehicle production has increased sevenfold, according to a campaign website supporting the pay package, Vote Tesla.<o:p></o:p>

In addition to the compensation package, Glass Lewis also recommended shareholders vote against the re-election of board member Kimbal Musk, Elon Musk's brother. <o:p></o:p>

However, the firm supported the re-election of former 21st Century Fox CEO James Murdoch to the board.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Proxy advisory firm Glass Lewis has advised Tesla shareholders to vote against CEO Elon Musk's proposed $56 billion compensation package, the largest ever proposed for a corporate executive in the United States.

Proxy advisory firm Glass Lewis has advised Tesla shareholders to vote against CEO Elon Musk's proposed $56 billion compensation package, the largest ever proposed for a corporate executive in the United States. This recommendation could heavily impact the upcoming shareholder meeting. Glass Lewis cited several concerns, including the sheer size of the pay package, its potential dilutive effect, and the concentration of ownership it would further solidify. The advisory firm also pointed out Musk's numerous demanding ventures, which now include managing Twitter, rebranded as X, as a reason for their opposition. The controversial pay package, put forward by Tesla's board of directors, has been a focal point of criticism due to the board's perceived close relationship with Musk. The package includes no salary or cash bonuses but ties rewards to the company's market value, which must increase to $650 billion within a decade starting from 2018. As of now, Tesla's market value stands at approximately $571.6 billion. In January, Delaware's Court of Chancery Judge Kathaleen McCormick annulled the original pay deal, prompting Musk to consider relocating Tesla's state of incorporation from Delaware to Texas. Glass Lewis criticised this potential move, warning it could bring uncertain benefits and additional risks for shareholders. Despite the advisory firm's recommendations, Tesla continues to advocate for the approval of Musk's compensation package. Robyn Denholm, Tesla's board chair, recently defended the pay package in an interview with the Financial Times, arguing that Musk's leadership has been instrumental in achieving significant milestones in revenue and stock price. Since taking the helm as CEO in 2008, Musk has overseen Tesla's transformation from a company posting a $2.2 billion loss in 2018 to generating a $15 billion profit. Under his leadership, vehicle production has increased sevenfold, according to a campaign website supporting the pay package, Vote Tesla. In addition to the compensation package, Glass Lewis also recommended shareholders vote against the re-election of board member Kimbal Musk, Elon Musk's brother. However, the firm supported the re-election of former 21st Century Fox CEO James Murdoch to the board. (With inputs from Reuters)

Proxy firm urges Tesla shareholders to reject Musk's $56 bn pay package

According to reports, Elon Musk is planning to build a supercomputer to support his artificial intelligence startup xAI. Called "gigafactory of compute" the supercomputer might become functional by the end of 2025. Watch in for more details!

Elon Musk planning largest supercomputer for xAI startup: Report

US billionaire Elon Musk has claimed&nbsp;in an interview that he is an alien but complained that nobody believes him. He was speaking at the Viva Tech event, where he jokingly said something that left the audience stunned. When the host told Musk that some people thought him&nbsp;to be&nbsp;an alien, the Tesla boss replied:&nbsp;"I am an alien.”

“Yes, I keep telling people&nbsp;I'm&nbsp;an alien, but nobody believes me,”&nbsp;he added.

The host quipped that the&nbsp;real&nbsp;truth about Musk has now&nbsp;been unveiled.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet" data-media-max-width="560">
🚨IS ELON AN ALIEN? 
 
Host: 
 
"Some people believe that you are an alien." 
 
Elon: 
 
"I am an alien." 
 
Host: 
 
"Now you've been uncovered." 
 
Elon: 
 
"Yes, I keep telling people I'm an alien, but nobody believes me." 
 
😂 
 
Source: Viva Tech <a href="https://t.co/9ie5KFn6GE">https://t.co/9ie5KFn6GE</a> <a href="https://t.co/ZDU4ovA82I">pic.twitter.com/ZDU4ovA82I</a>
— Mario Nawfal (@MarioNawfal) <a href="https://twitter.com/MarioNawfal/status/1793684255228228008?ref_src=twsrc%5Etfw">May 23, 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 added that if he ever found evidence of alien life, he would share it on social media platform X.&nbsp;“Maybe&nbsp;we’re&nbsp;alone in this galaxy, maybe&nbsp;it’s&nbsp;just us and our consciousness is extremely fragile,"&nbsp;Musk said.

When asked about life on Mars, Musk said,&nbsp;"I think we will have the first people on Mars probably within 10 years, maybe seven to eight.&nbsp;SpaceX’s&nbsp;long-term goal is to make life multi-planetary. We need to become a sustainable multi-planet civilisation. This is the first time in the history of the Earth when it is possible to do so. That capability might be only open for the short term."

Also read:&nbsp;<a data-ved="2ahUKEwiHgYaHj6mGAxVl-jgGHYSdBIwQxfQBKAB6BAgNEAE" href="https://www.wionews.com/business-economy/teslas-musk-opposes-new-us-tariffs-on-chinese-evs-reverses-previous-stance-724848" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/business-economy/teslas-musk-opposes-new-us-tariffs-on-chinese-evs-reverses-previous-stance-724848&amp;ved=2ahUKEwiHgYaHj6mGAxVl-jgGHYSdBIwQxfQBKAB6BAgNEAE">Tesla`s Musk opposes new US tariffs on Chinese EVs, reverses previous stance</a>

He also came down heavily on Google and its chatbot Gemini, saying it was&nbsp;important&nbsp;to train the AI for not being politically&nbsp;correct

"Political correctness is often simply not true, and that means&nbsp;you're&nbsp;programming AI to lie, and I think that will backfire very badly. Honesty is the best policy,"&nbsp;he said.

Musk, who is a master of having interesting, playful&nbsp;yet&nbsp;insightful conversations, further drew a parallel between artificial intelligence and the human brain.

Also read:&nbsp;<a data-ved="2ahUKEwiHgYaHj6mGAxVl-jgGHYSdBIwQxfQBKAB6BAgSEAE" href="https://www.wionews.com/technology/elon-musk-says-ai-will-eliminate-all-jobs-calls-it-his-biggest-fear-725004" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/technology/elon-musk-says-ai-will-eliminate-all-jobs-calls-it-his-biggest-fear-725004&amp;ved=2ahUKEwiHgYaHj6mGAxVl-jgGHYSdBIwQxfQBKAB6BAgSEAE">Elon Musk says AI will eliminate all jobs, calls it his ‘biggest fear’</a>

He asked the audience to imagine our brains as having two&nbsp;big&nbsp;sections: one is all about instincts and emotions, while the other does the thinking and planning. He said the thinking part is like the boss, always trying to keep the emotional part happy.

Elon Musk thinks artificial intelligence (AI) could work the same way. The AI might act like the boss, aiming to keep humans (who are like the emotional part) content and satisfied.&nbsp;

(With inputs from agencies)

US billionaire Elon Musk has claimed in an interview that he is an alien but complained that nobody believes him. He was speaking at the Viva Tech event, where he jokingly said something that left the audience stunned.

US billionaire Elon Musk has claimed in an interview that he is an alien but complained that nobody believes him. He was speaking at the Viva Tech event, where he jokingly said something that left the audience stunned. When the host told Musk that some people thought him to be an alien, the Tesla boss replied: "I am an alien.” “Yes, I keep telling people I'm an alien, but nobody believes me,” he added. The host quipped that the real truth about Musk has now been unveiled. 🚨IS ELON AN ALIEN? Host: "Some people believe that you are an alien." Elon: "I am an alien." Host: "Now you've been uncovered." Elon: "Yes, I keep telling people I'm an alien, but nobody believes me." 😂 Source: Viva Tech https://t.co/9ie5KFn6GE pic.twitter.com/ZDU4ovA82I — Mario Nawfal (@MarioNawfal) May 23, 2024 × Musk added that if he ever found evidence of alien life, he would share it on social media platform X. “Maybe we’re alone in this galaxy, maybe it’s just us and our consciousness is extremely fragile," Musk said. When asked about life on Mars, Musk said, "I think we will have the first people on Mars probably within 10 years, maybe seven to eight. SpaceX’s long-term goal is to make life multi-planetary. We need to become a sustainable multi-planet civilisation. This is the first time in the history of the Earth when it is possible to do so. That capability might be only open for the short term." Also read: Tesla`s Musk opposes new US tariffs on Chinese EVs, reverses previous stance He also came down heavily on Google and its chatbot Gemini, saying it was important to train the AI for not being politically correct "Political correctness is often simply not true, and that means you're programming AI to lie, and I think that will backfire very badly. Honesty is the best policy," he said. Musk, who is a master of having interesting, playful yet insightful conversations, further drew a parallel between artificial intelligence and the human brain. Also read: Elon Musk says AI will eliminate all jobs, calls it his ‘biggest fear’ He asked the audience to imagine our brains as having two big sections: one is all about instincts and emotions, while the other does the thinking and planning. He said the thinking part is like the boss, always trying to keep the emotional part happy. Elon Musk thinks artificial intelligence (AI) could work the same way. The AI might act like the boss, aiming to keep humans (who are like the emotional part) content and satisfied. (With inputs from agencies)

Watch: Elon Musk claims he is an alien, talks about life on Mars

Tesla CEO Elon Musk believes artificial intelligence, or AI, will eventually eliminate all jobs. At a tech event in Paris, Musk envisioned a future where AI and robots handle all the work, making jobs optional.

Elon Musk: AI to eliminate jobs

Tesla Inc. CEO Elon Musk expressed opposition to US tariffs on Chinese electric cars (EVs) on Thursday, reversing his past cautions about the importance of trade barriers. Speaking to tech investors via video link at the Viva Technology conference in Paris, Musk emphasised his support for an open market.

"I was surprised when these tariffs were announced," Musk stated. "Neither Tesla nor I requested these taxes. Things that restrict free commerce or distort the market are not desirable.”

Musk's comments follow US President Joe Biden's recent imposition of new tariffs on a variety of Chinese goods, including EVs, in a bid to boost American industry. The Biden administration has upheld and enhanced various tariffs imposed by previous President Donald Trump, including quadrupling taxes on Chinese EVs to more than 100%. These sanctions now affect $18 billion worth of Chinese imports.

The Tesla CEO's comments contrast sharply with his attitude in January when he warned that if no trade obstacles were implemented, Chinese automakers may outperform global competitors. "If there are no trade barriers established, they will pretty much demolish most other car companies in the world," Musk stated during a post-earnings analyst call at the start of the year.

Musk's most recent pronouncements underscore Tesla's competitive position in China without the need for tariffs or special treatment. "Tesla competes successfully in the Chinese market, which has no tariffs or preferential treatment. I am in favour of no tariffs," he stated at the conference.

This year's annual VivaTech conference in Paris drew top industry leaders and politicians, including former Google CEO Eric Schmidt and former US climate ambassador John Kerry. Linda Yaccarino, CEO of Musk's social media platform X, will participate in a panel discussion on the future of content on Friday.

(With inputs from Reuters)

Tesla Inc. CEO Elon Musk expressed opposition to US tariffs on Chinese electric cars (EVs) on Thursday, reversing his past cautions about the importance of trade barriers.

Tesla Inc. CEO Elon Musk expressed opposition to US tariffs on Chinese electric cars (EVs) on Thursday, reversing his past cautions about the importance of trade barriers. Speaking to tech investors via video link at the Viva Technology conference in Paris, Musk emphasised his support for an open market. "I was surprised when these tariffs were announced," Musk stated. "Neither Tesla nor I requested these taxes. Things that restrict free commerce or distort the market are not desirable.” Musk's comments follow US President Joe Biden's recent imposition of new tariffs on a variety of Chinese goods, including EVs, in a bid to boost American industry. The Biden administration has upheld and enhanced various tariffs imposed by previous President Donald Trump, including quadrupling taxes on Chinese EVs to more than 100%. These sanctions now affect $18 billion worth of Chinese imports. The Tesla CEO's comments contrast sharply with his attitude in January when he warned that if no trade obstacles were implemented, Chinese automakers may outperform global competitors. "If there are no trade barriers established, they will pretty much demolish most other car companies in the world," Musk stated during a post-earnings analyst call at the start of the year. Musk's most recent pronouncements underscore Tesla's competitive position in China without the need for tariffs or special treatment. "Tesla competes successfully in the Chinese market, which has no tariffs or preferential treatment. I am in favour of no tariffs," he stated at the conference. This year's annual VivaTech conference in Paris drew top industry leaders and politicians, including former Google CEO Eric Schmidt and former US climate ambassador John Kerry. Linda Yaccarino, CEO of Musk's social media platform X, will participate in a panel discussion on the future of content on Friday. (With inputs from Reuters)

Tesla's Musk opposes new US tariffs on Chinese EVs, reverses previous stance

Tesla CEO Elon Musk has come out against the recent US tariffs imposed on Chinese Electric Vehicles. These tariffs represent a 400% increase, effectively raising the import duty to 100%. The move aims to protect American manufacturing jobs in the face of growing competition from China.

Tesla's Musk opposes 100% tariff hike on Chinese EVs

Tesla founder Elon Musk has expressed his opposition to U.S. tariffs on Chinese electric vehicles (EVs), reversing his previous stance that trade barriers were necessary to protect American car companies. Speaking at the Viva Technology conference in Paris, Musk emphasised the importance of a free market and criticised measures that distort market dynamics.

A shift in perspective

Earlier this year, Musk warned that Chinese automakers would dominate global competition without trade barriers. "If there are no trade barriers established, they will pretty much demolish most other car companies in the world," Musk stated during a post-earnings analyst call in January. However, in a significant shift, he now argues against tariffs that hinder free trade.

Biden administration's tariff strategy

This month, U.S. President Joe Biden introduced new tariffs on various Chinese imports, including EVs, as part of a broader strategy to bolster American manufacturing. The Biden administration has upheld several tariffs initiated by former President Donald Trump and increased others, including quadrupling EV duties to over 100%. The White House reported that these measures impact $18 billion worth of imported Chinese goods.

Musk's stance at VivaTech

During his video address at the Viva Technology conference, Musk clarified his position. "Neither Tesla nor I asked for these tariffs; in fact, I was surprised when they were announced," Musk said. He emphasised that actions restricting free exchange or distorting the market are detrimental. "Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favour of no tariffs," he added.

Contradictions and market dynamics

Musk's current stance contrasts sharply with his January remarks, highlighting the complex dynamics of international trade and the automotive market. The change in his perspective may reflect evolving business strategies and market conditions. Despite the challenges posed by Chinese competition, Musk seems confident in Tesla's ability to compete globally without protective tariffs.

Industry and political reactions

The Viva Technology conference saw participation from notable tech executives and political figures, including former Google CEO Eric Schmidt and ex-U.S. climate envoy John Kerry. The event provided a platform for discussing critical issues in technology and innovation. Linda Yaccarino, CEO of Musk-owned social media platform X, is expected to join a panel discussion on the future of content, further highlighting the intersection of technology and policy.

The broader implications

Musk's opposition to tariffs underscores the ongoing debate about the best strategies to support domestic industries while fostering international trade. The automotive sector, particularly the EV market, is a focal point in this discussion. As countries navigate the complexities of global trade, the balance between protectionism and free market principles remains a contentious issue.

Elon Musk's reversal on the need for U.S. tariffs on Chinese EVs marks a notable shift in his approach to international trade. His call for a free market, devoid of tariffs that distort competition, reflects his confidence in Tesla's competitive strength. As the global automotive landscape evolves, the debate over trade policies and market strategies will continue to shape the industry's future.

The road ahead

The evolving trade policies and their impact on the automotive industry will be closely monitored by stakeholders worldwide. Musk's comments at VivaTech highlight the ongoing challenges and opportunities within the EV market. As Tesla and other automakers navigate these dynamics, their strategies and responses will significantly influence the future of global automotive trade.

Tesla founder Elon Musk has expressed his opposition to U.S. tariffs on Chinese electric vehicles (EVs), reversing his previous stance that trade barriers were necessary to protect American car companies.

Tesla founder Elon Musk has expressed his opposition to U.S. tariffs on Chinese electric vehicles (EVs), reversing his previous stance that trade barriers were necessary to protect American car companies. Speaking at the Viva Technology conference in Paris, Musk emphasised the importance of a free market and criticised measures that distort market dynamics. A shift in perspective Earlier this year, Musk warned that Chinese automakers would dominate global competition without trade barriers. "If there are no trade barriers established, they will pretty much demolish most other car companies in the world," Musk stated during a post-earnings analyst call in January. However, in a significant shift, he now argues against tariffs that hinder free trade. Biden administration's tariff strategy This month, U.S. President Joe Biden introduced new tariffs on various Chinese imports, including EVs, as part of a broader strategy to bolster American manufacturing. The Biden administration has upheld several tariffs initiated by former President Donald Trump and increased others, including quadrupling EV duties to over 100%. The White House reported that these measures impact $18 billion worth of imported Chinese goods. Musk's stance at VivaTech During his video address at the Viva Technology conference, Musk clarified his position. "Neither Tesla nor I asked for these tariffs; in fact, I was surprised when they were announced," Musk said. He emphasised that actions restricting free exchange or distorting the market are detrimental. "Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favour of no tariffs," he added. Contradictions and market dynamics Musk's current stance contrasts sharply with his January remarks, highlighting the complex dynamics of international trade and the automotive market. The change in his perspective may reflect evolving business strategies and market conditions. Despite the challenges posed by Chinese competition, Musk seems confident in Tesla's ability to compete globally without protective tariffs. Industry and political reactions The Viva Technology conference saw participation from notable tech executives and political figures, including former Google CEO Eric Schmidt and ex-U.S. climate envoy John Kerry. The event provided a platform for discussing critical issues in technology and innovation. Linda Yaccarino, CEO of Musk-owned social media platform X, is expected to join a panel discussion on the future of content, further highlighting the intersection of technology and policy. The broader implications Musk's opposition to tariffs underscores the ongoing debate about the best strategies to support domestic industries while fostering international trade. The automotive sector, particularly the EV market, is a focal point in this discussion. As countries navigate the complexities of global trade, the balance between protectionism and free market principles remains a contentious issue. Elon Musk's reversal on the need for U.S. tariffs on Chinese EVs marks a notable shift in his approach to international trade. His call for a free market, devoid of tariffs that distort competition, reflects his confidence in Tesla's competitive strength. As the global automotive landscape evolves, the debate over trade policies and market strategies will continue to shape the industry's future. The road ahead The evolving trade policies and their impact on the automotive industry will be closely monitored by stakeholders worldwide. Musk's comments at VivaTech highlight the ongoing challenges and opportunities within the EV market. As Tesla and other automakers navigate these dynamics, their strategies and responses will significantly influence the future of global automotive trade.

Elon Musk opposes U.S. tariffs on Chinese EVs, calls for free market

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