Daily Archives: July 19, 2022

Lets just hope he applied sunscreen with a high SPF.

A shirtless Elon Musk was seen soaking up the sun aboard a luxury yacht in Mykonos, Greece, on Sunday, per exclusive photos obtained by Page Six.

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Vanessa Bryant, Vanessa Hudgens and Hoda Kotb were among the...

The multibillionaire was with a small group that included newlywed palsAri Emanuel and Sarah Staudinger as they sailed the Aegean Sea on the Zeus an almost $20,000-per-week motor yacht that can accommodate six guests in over three cabins and comes with a professional crew.

Musk, 51, boarded the swanky boat wearing a plain white T-shirt, black swim trunks, dark sunglasses, a black baseball cap and matching flip-flops.

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Vanessa Bryant, Vanessa Hudgens and Hoda Kotb were among the...

The Tesla CEO soon stripped down to just his bathing suit and took a dive into the ocean. Once back on the yacht, Endeavor CEO Emanuel long held to be the inspiration for fictional Hollywood agent Ari Gold in Entourage hosed him down.

Musk was later seen enjoying a cocktail before the group headed out to explore the island.

The SpaceX founder who recently confirmed to Page Six exclusively that he had welcomed his 10th child did not seem the least bit bothered by Twitters massive lawsuit against him.

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Vanessa Bryant, Vanessa Hudgens and Hoda Kotb were among the...

Musk firstagreed to buy the social media website for $44 billion in April but pulled out of the deal earlier this month on the belief the platform may be lying about what percentage of its users are bots.

In their filing, Twitters attorneysdescribed Musks claim as a bad faith attempt to walk away from the agreement.

In response, Musk called the companys suit meritless and and told a judge that he needs until next year to formally respond.

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Vanessa Bryant, Vanessa Hudgens and Hoda Kotb were among the...

The business tycoon informed us earlier this month that he had quietly welcomed twinswith his Neuralink executive,Shivon Zilis, in November 2021, adding that he had no plans to stop procreating.

When congratulated on the newest additions to his brood, he replied, Thanks, followed by, Bravo to big families.

When asked how many kids he would like to have, Musk said, As many as I am able to spend time with and be a good father.

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Shirtless Elon Musk vacations in Mykonos on luxury yacht

Elon Musk's dad has fathered a second child with his stepdaughter, who is 41 years his junior, he said in a new interview.

Errol Musk, 76, told The Sun Wednesday that he had a daughter with Jana Bezuidenhout, 35, in 2019.

The elder Musk and Bezuidenhout previously welcomed a son, Elliot Rush, who is now 5 years old.

Bezuidenhout's mother, Heide, and Musk were married for 18 years and share two children. Bezuidenhout was 4 years old when Musk became her stepfather.

Errol and Maye Musk were married from 1970 to 1979 and share three children: Elon, Kimbal, and Tosca.

Errol Musk told The Sun the child "wasn't planned," adding that he and Bezuidenhout lived together for roughly 18 months after the birth of their first child. They no longer live together but "have a lot of affection for each other," he said.

The elder Musk said his daughters were "shocked" by his relationship with Bezuidenhout. The New York Post reported that he had fathered a total of seven children.

"To them it was their sister," he told The Sun. "They still feel a bit creepy about it, because she's their sister. Their half-sister."

Speaking with the tabloid, Musk echoed his son's views on population growth.

"The only thing we are on Earth for is to reproduce," he said. "If I could have another child I would. I can't see any reason not to."

Today, Errol and Elon Musk are estranged.

Insider reported earlier this month that Elon Musk quietly had twins in November with one of his top Neuralink executives, Shivon Zilis. That means he has nine known children.

A day later, he tweeted,"Doing my best to help the underpopulation crisis. A collapsing birth rate is the biggest danger civilization faces by far."

The tech billionaire has repeatedly expressed concern about falling birth rates over the years. Last year, he tweeted that "civilization is going to crumble" if people don't have more children.

Experts say declining birth rates don't have to spell disaster if governments and corporate leaders take the right steps to adjust to a world with fewer people.

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Elon Musk's Dad Has 2nd Child With 35-Year-Old Stepdaughter: the Sun

Elon Musk may tweet about the Twitter deal but not "disparage the company or any of its representatives," according to a securities filing.

Jakub Porzycki | Nurphoto | Getty Images

Elon Musk and Twitter continued sparring on Monday, with the social media company slamming the Tesla CEO's request for a slower trial schedule. Musk is trying to terminate a deal he previously made to buy Twitter and take it private for $54.20 per share, or about $44 billion.

Musk has repeatedly accused Twitter of lying about the number of bot and spam accounts on its platform. Twitter has denied the claims and is suing to force Musk to complete the deal.

Twitter wants to go to trial as early as September, but Musk had asked the Delaware court to deny its request for an expedited trial and aim for next year. Musk needed time, his attorneys argued, to conduct exhaustive amounts of discovery around whether the company has misrepresented the amount of spam and bot accounts on its platform.

In Monday's filing, Twitter accused Musk of using delay tactics to harm the company in the court of public opinion.

"The earliest possible trial date is imperative," wrote the company's lawyers. "This very publicdispute harms Twitter with each passing day Musk is in breach. Musk amplifies this harm by using the Company's own platform as a megaphone to disparage it."

Twitter's attorneys noted in their filing, "Millions of Twitter shares trade daily under a cloud of Musk-created doubt. No public company of this size and scale has ever had to bear these uncertainties."

The chancellor assigned to rule on the case, Kathaleen St. J.McCormick, on Monday informed the parties that she has Covid. Instead of delaying the hearing about the trial schedule, she said they would hold one via teleconference (using Zoom) on Tuesday, July 19.

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Twitter fires back at Elon Musk's attempt to delay trial - CNBC

Elon Musk and I are close to the same age. I've never met him, but long before he was super famous, he always reminded me of some of my friends growing up.

Let's just say he wasn't the only 12-year-old who hated prep school and programmed video games on the Vic-20 or the Commodore 64 back in the 1980s.

Our paths diverged early. From a pure cost-benefit or financial standpoint, he made better choices. As Musk made his first millions and moved on to PayPal and Tesla and SpaceX, I went to law school and spent a few years practicing law.

However, I learned something from that experience that made clear why Musk's deal with Twitter was doomed from the start.

Let me illustrate with two very short stories:

The first story is about something that happened to me when I had to travel to a very remote area one night while working on a legal case and found myself stranded there with no way home. My solution was to go on Craigslist, find the cheapest used car in the area, and buy it immediately for a few hundred dollars in cash.

The second story is about what happened earlier this year, when Musk revealed belatedly that he had acquired 9percent of Twitter's stock, which led to an agreement for him to get a seat on the Twitter board.

By way of comparison, this article is about 800 words. It tells you something if a deal to buy a banged up car for $400 runs so much longer than a deal to become a board member at one of the most influential social-media companies.

Look, here's the brutal truth that nobody wants to admit. It has two parts:

Part 1 is brilliant. It's fun. But Part 2 is also necessary: all the contemplationand negotiation, and the tedium (sometimes) of putting it all in writing -- pages upon pages of agreements.

It leads to people making jokes about how the first thing we should do is kill all the lawyers. But if you want to get things done in this world, you need both kinds of people: the innovators to come up with the ideas and the detail-oriented people to take care of the details.

The deal Musk signed to buy Twitter isn't crazy-short like the abated deal that would have put him on Twitter's board in exchange for not trying to buy Twitter. It runs43,000 words and you can read it here, if you're interested.

But now that it's fallen apart and devolved into litigation, the big lesson according to some of the most entertaining and interesting commentary I've seen is that "get it done at any cost" seems to have taken primacy over "get it done carefully and right."

Part 1 won out big time over Part 2, in other words.

Musk was represented in the Twitter deal by Skadden, Arps. This is a sophisticated firm that has been a leader in mergers and acquisitions since long before Musk and I were both messing around on the Vic-20 and hating prep school.

And yet, as Joe Patrice wrote for the legal site, Above the Law:

What's Skadden supposed to do? As long as everything is legal and the firm provides Musk with complete information about what's going on, Skadden kind of has to roll with it.

I refuse to believe Skadden wanted to waive every possible protection to create an absolute disaster of a deal for Musk, but based on the narrative of the complaint, he seems to have kept telling them to go ahead.

I have no idea what's going to happen with the case. Twitter's complaint was fun to read, but then so was Musk's response(note these are PDFs), filed Friday. I suppose I can guess like everyone else that there will be some kind of settlement, but that's like predicting it will probably rain sometime in the next 30 days.

I do know this, however: At this point, most people seem either to think Musk is a generational genius or a fortunate charlatan. There's not much middle ground.

But as I write in my free e-book, Elon Musk Has Very Big Plans (which needs an update, since it predates the Twitter deal, but it's still pretty good), you don't have to feel one way or the other about Musk to learn from him.

This is one of those moments. Sometimes the deal is in the details. And sometimes the most brutal truths in life are the ones that are most important to face.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

Continued here:

Here's the Brutal Truth About Elon Musk and Twitter That Nobody Wants to Admit - Inc.

Elon Musk has long made it known that his eventual goal is to make it to Mars, and according to new statements made by the billionaire, it looks like that time may be approaching even faster than we thought.

On Friday, the billionaire Tweeted that Mars was a "fixer upper of a planet" but noted that it had "great potential."

One of Musk's 100 million followers then asked him what the estimated time frame would be for "creating a self-sustaining civilization" on the red planet and clarified that by self-sustaining he meant not needing or relying on materials or supplies from Earth.

Musk's answer?

"20 to 30 years from first human landing if launch rate growth is exponential," the billionaire penned in response. "Assumes transferring ~100k each rendezvous and ~1M total people needed."

The Tesla CEO's commentary brought in mixed responses, with many shaming the billionaire for wanting to start anew elsewhere without first fixing the problems on Earth.

"If we can't get it right here with the perfect environment & resources, how are we going to make it work there," one user pointed out in response.

"Please. Please focus on fixing the MANY problems we have on this planet first," said another. "With your resources you truly could."

Though it's unclear exactly when that initial landing could and would take place, Musk has previously hinted that it could be as soon as 2029, according to a Tweet he responded to back in March that asked him to predict when humans would make their first landing on Mars.

On the Full Send podcast, fellow billionaire Mark Cuban talked about how he congratulated Musk on the recent birth of one of his children, though he didn't specify which one.

"I'm like, 'Dude, congratulations, how many you going to have,'" Cuban said, referring to Musk's children. "He sends me a text back, 'Mars needs people.'"

As of Monday afternoon, Musk's net worth was an estimated $232.2 billion.

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Elon Musk Reveals When He Thinks Humans Will Live on Mars -- And It's Sooner Than You Think - Entrepreneur

Good news, Tesla enthusiasts! There might be a price decrease in Teslas lineup.

Tesla CEO Elon Musk tweeted on Friday that the electric car company could lower prices if inflation calms down.

He further added that Tesla is waiting for inflation to calm down before it can finally start reducing the prices of its electric vehicles, which have increased 20-30 percent over the last two years.

The inflation rate in the U.S. has increased by 9.1 percent annually, to a nearly 41-year high, according to the Bureau of Labor Statistics.

Tesla started its journey with the goal ofreducing electric vehicle prices, and Musk has said he plans to sell an electric car for $25,000 in an effort to make EVs more accessible over and over again, in the past. Nevertheless, the company has increased the prices of its entire lineup in less than 24 months.

However, the price increases have not affected Teslas demand. The electric carmaker is still dealing with a significant backlog of orders, with some of its models still having a 6 to 10-month delivery timeline on new orders.

Tesla CEO Elon Musk was asked about when we can expect Tesla to lower prices again on Twitter, and he said that Tesla plans to lower the prices when inflation calms down.

Tesla has raised car prices several times in the past few months by a few thousand dollars as raw materials costs have surged and automakers have struggled to source chips and other supplies due to industry-wide supply shortages.

Tesla increased the prices of all of its car models in the U.S. and China in March. The company again hiked prices across its models in June when it increased the cost of its Model Y long-range, by $3,000, from $62,990 to $65,990.

Before the price increase, Musk said that he had a super bad feeling about the economy in June and added that he would need to cut 10 percent of salaried staff at Tesla, according to an email originally reported by Reuters.

Musk also told in March that Tesla and SpaceX, were both seeing significant recent inflation pressure in raw materials & logistics. Musk warned about the risk of recession as well in recent weeks.

In the meantime, automakers are scrambling to balance commodities and logistics costs worldwide.

The average price for a new electric car has surged 22 percent in the past year as automakers attempted to recoup commodity and logistics costs.

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Elon Musk says Tesla prices will decrease if the inflation calms down - Interesting Engineering

Elon Musk completely disrupted the automotive industry.

With Tesla (TSLA) - Get Tesla Inc. Report, the manufacturer of premium electric vehicles, the richest man in the world has caused a real green revolution in the automobile industry marked by promises from almost all car manufacturers to produce less polluting vehicles in the current decade. Offering more electric models has become the watchword of (GM) - Get General Motors Company Report, Ford (F) - Get Ford Motor Company Report, Volkswagen (VLKAF) , Nissan (NSANF) , Hyundai (HYMLF) , Stellantis (STLA) - Get Stellantis N.V. Report, parent company of Fiat Chrysler, and even luxury brands like Ferrari (RACE) - Get Ferrari N.V. Report.

This revolution that is underway has just taken on its full importance with the recent surge in oil prices and their corollary, which is higher gas prices at the pump. This new situation leads rich countries like the United States and the European Union to turn again to Saudi Arabia, the leading exporter of oil, to beg it to produce more oil in order to reduce the impact on consumers already affected by inflation at levels not seen for several decades. The highlight of President Joe Biden's recent tour of the Middle East was his visit to the kingdom as the midterm elections approach.

But when he was running against former president Donald Trump, Biden had promised to treat Saudi Arabia as a pariah, in particular because of the 2018 assassination of journalist and critic of the Saudi regime Jamal Khashoggi. Once elected, he had declassified a damning report on the responsibility of Saudi Crown Prince Mohammed Bin Salman in this murder.

The European Union is on its side confronted with the Russian nightmare after Moscow invaded Ukraine on Feb. 24. The EU has taken sanctions against Russia but it finds itself trapped: Russia supplies the EU with 40% of the natural gas it imports. Russian president Vladimir Putinhas taken advantage of the hold this gives him over European countries.

Putin has demanded that the "unfriendly" nations of Europe pay for their gas in rubles, to help him prop up the value of that currency. Poland, Bulgaria and Finland refused to do so, and Russia cut off their supplies. The EU said it viewed Russia's action as a form of blackmail.

In March, the EU pledged to cut its gas imports from Russia by two-thirds within a year. However, it has been difficult to get agreement on other measures, such as an outright ban on imports. Germany, Europe's largest economy, depends on Russia for nearly half of its gas supply.

Many European nations could see their oil supplies squeezed by the ban on Russian imports. In November, Lithuania and Finland got around 80% of their oil from Russia.

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It is in this context that a discussion took place on Twitter between the famous entrepreneur and investor in companies and tech startups David Sacks and Musk. It was Sacks who started by posting a message summarizing the year on geopolitics. This message was followed by another of the same order commenting on a Wall Street Journal article according to which Russia intended to use its gas as a weapon against European economies.

"If this year proves anything, its that there can be no security without energy independence," Sacks wrote on July 13. "In particular, the Europeans have learned the hard way."

That's when Musk stepped in.

"Absolutely," the tech titan agreed. Then he added: "And lithium batteries are the new oil."

Batteries are ubiquitous in our phones, laptops and cars.Lithium-ion batteries have been the dominant storage technology for years, and demand is expected to increase tenfold over the next decade.

The advantages of the lithium-ion batteries are their very high energy density and their high specific energy. In addition, this type of battery is not affected by the memory effect and its self-discharge is reduced.

Lithium batteries are popular because they are easy to use, relatively inexpensive, and can be used on most appliances and gadgets. Experts say they are thethe best current solutions for supplying electricity to mobile devices (camera, mobile phone) or vehicles (hybrid car, electric car).They don't need maintenance.

Lithium batteries can charge and discharge quickly, according to the same experts. They are lightweight and they have a lower-environmental impact than disposable batteries.

Asia dominates the consumer battery market, with more than 90% of production taking place in China, Korea and Japan. The Japanese group Panasonic, South Korea's LG and Samsung and the Chinese groups CATL, BYD and Grepow are the main manufacturers of lithium batteries. Tesla is the only non-Asian company to slip between these Asian giants.

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Elon Musk Warns U.S. and EU About This Delicate Issue - TheStreet