Category Archives: Elon Musk

Elon Musk squinting as he speaks on stage.

The worlds richest mans poor sense of humor is exposing how much of a boys club tech still is.

In an Oct. 29 tweet, Musk proposed opening a school called the Texas Institute of Technology and Science. In a thread, he added, it will have epic merch, universally admired. When someone earnestly suggested swapping technology and science so the latter came first (on the premise that technological breakthroughs almost always follow scientific breakthroughs), Musk shot back, Nope, T is def first.

Why? Because if you swapped the letters, the acronym would no longer be TITS.

No, the Tesla and SpaceX founder wasnt sincerely talking about setting up a university (despite what entrepreneurs, political scientists, US senators and politicians, and professional athletes thought). Yes, he was making a boob joke.

I heard sexualizing women is a top-down, systemic issue in tech. Might be wrong though idk, Cher Scarlett, one of the leaders of the AppleToo anti-harassment group at Apple, tweeted sarcastically in response.

Coming from anybody, this sort of a distasteful joke makes for an eye-roll moment. Its childish and immature. But coming from Musk, who has almost 62 million followers on Twitter and is the face of two important tech companies, it is potentially damaging to the entire sector.

Honestly. As a shareholder and customer, this is really a puzzling and disappointing attempt at humor, Eric Wenger, senior director for technology policy and government affairs at Cisco, tweeted in response. We are trying to encourage more women to pursue technology degrees and careers. I cannot see how this helps that effort in any way.

Tesla, where just one in five of the 70,000-plus employees are women, has been criticized for being a hostile workplace in the past. Women there are subject to inappropriate language, whistling, and catcalls, a 2017 lawsuit by engineer AJ Vandermeyden alleged, and other female employees concurred.

Story continues

At SpaceXwhere the representation of women is even slimmer than it is at Teslathe president and chief operating officer is a woman, Gwynne Shotwell, who in the past has called Musk a great boss who is funny and incredibly fair, almost to a fault.

Musks latest messaging might not change that, but it arguably makes the characterization harder to believe.

Despite studies showing women are good for businessdiversity generates higher revenues, varied ideas, and more effective teamstech leaders havent done enough to foster safe working environments for them. A survey by Accenture and Girls Who Code found that half of the women in tech roles leave their jobs by the time theyre 35, with 37%the largest percentageciting noninclusive company culture as their main reason for quitting.

What possibly could be causing their sensitivity? Well, there are structural issues like techs well-documented gender pay gap. But there also are run-ins with things like Musks boob joke, or that time in 2017 when an Uber board member interrupted a presentation about sexism to make a sexist joke. Unlike Musks tweets, however, these unanticipated (and yet somehow not fully unexpected) interactions usually occur behind closed doors.

In the case of Uber, the board member in question resigned within 12 hoursand then-CEO Travis Kalanick eventually stepped down over allegations of rampant sexism at the firm. At Pinterest, where former chief operating officer Franoise Brougher sued for gender discrimination, the company paid $22.5 million to settle her claims, and donated to charities that support women and underrepresented women in tech.

In most cases, if a boss had made a joke like Musks in an office, it would be grounds for an investigation at least, if not an outright firing.

But Musks crude outburst has played out for the world to see on Twitterand hes been pretty blas about it. Its been three days since his tweet, and neither he nor his companies have addressed the impropriety of it. Luckily, other people have.

Sign up for the Quartz Daily Brief, our free daily newsletter with the worlds most important and interesting news.

More stories from Quartz:

Read more:

In one tweet, Elon Musk captures the everyday sexism faced by women in STEM - Yahoo Finance

The cryptocurrency token Dogelon Mars (CRYPTO: ELON) reached an all-time highof $0.00000259 on Saturday. Gaining over 4000% after opening the month of October at $0.00000005.

The so-called meme cryptocurrency is named after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.

According to the creator of ELON, it is a project that will constantly be evolving. Dogelon is an ERC20 cryptocurrency built on the Ethereum blockchain.

In terms of market capitalization, Dogelon Mars has gone up from $26 million on Oct 1 to $1.4billion on Oct 30.

On Oct 29 and Oct 30, the token rallied by more than 200% as it listedon OKEx and Crypto.com on Oct 29.

See Also:HOW TO BUY DOGELON MARS (ELON)

On Friday, the Dogelon Mars tweeted, saying "Thank you Martians for all of your overwhelming support to get us listed on OKEx. It is only one of many stops on our intergalactic mission. $ELON emissions are being transported to your wallets right now."

So will the Musk-inspired cryptocurrency beat Shiba Inu (CRYPTO: SHIB)? Thatremains unclear.Shiba Inu rose by more than 850% in October to attain a market cap of around $38.50 billion and even surpassing Dogecoin itself.

On Friday, it outperformed Dogecoin (CRYPTO: DOGE) to become the world's ninth-largest cryptocurrency by market capitalization.

Related Link:These Dogecoin And Shiba Inu Knock-Offs Are Striking Major Gains Today, With One 'Rabbit' Coin Up 483%

Photo: Courtesy of PIxabay

More here:

Elon Musk-Named Meme Token Dogelon Mars Gains Over 4000% in October To Reach All-Time High, Will It Beat - Benzinga

Indian billionaire businessman and the chairman of Mahindra Group, Anand Mahindra, on November 3 recalled the time when he shared a few words of wisdom with Tesla and SpaceX CEO Elon Musk after the Canadian entrepreneur recently revealed that heavy work and stress were taking a severe toll on him.

Taking to Twitter, Mahindra revealed that even he can't believe that nearly three years ago he had sent Musk a "morale-boosting" message and now the 50-year-old is worth more than $300 billion.

"Hard to believe I felt the need to send @elonmusk a morale-boosting message just 3 years ago, when he was exhausted & suspected worse was to come. Now worth over $300bn; wealthier & more successful than any businessperson ever. The lesson? Never give up. Believe in your own story," Mahindra said while quote-tweeting his own tweet from August 2018.

During an interview with The New York Times back in 2018, Musk had revealed what an "excruciating" year he had and that "worst is yet to come" in his personal life.

The 66-year-old Mahindra, who has over 8 million followers on Twitter, had responded to the interview and tagged Musk in it as well. "Hang in there @elonmusk. Your factory is now humming at a brisk clip. The world needs inspirational innovators like you," he had tweeted.

In January 2021, Musk successfully surpassed Amazon head Jeff Bezos and became the world's richest man on the planet. The personal wealth of Musk has skyrocketed over the past year with an eight-fold surge in the shares of Tesla, which has turned into the most valuable carmaker on the planet.

Also Read: Elon Musk Ready To Spend $6 Billion To 'End World Hunger' If UN Comes Up With Right Plan

View post:

Anand Mahindra Reveals Words He Used To Boost Moral Of An 'Exhausted' Elon Musk - The Logical Indian

Prime Minister Narendra Modis announcement that India would target net-zero carbon emissions by 2070 is pragmatic, in a United Nations Climate Change Conference otherwise marked by bluster and artifice. The pressure is to grandstand for the climate herd who are fixated on announcements that carry very little credibility, as many rich countries have repeatedly reneged on solemn commitments. The Prime Minister of the host countryUnited Kingdomhas reneged on a bipartisan commitment to maintaining foreign aid allocations at 0.7% of GDP; the United States is reentering a room its previous President walked out of, reneging on the commitments made by his predecessor. Germanys commitment to closing its nuclear plants has delayed its coal phase-out to 2038.

On Oct. 21, India had quite correctly pointed out that the pathway to net-zero was far more important than the target itself. How much carbon would a country have put into the atmosphere before achieving net-zero should have been the focus of this COP. But that would not suit the denizens of the countries which have already pumped shockingly high amounts of carbon into the air of this common planet and continued doing so until technologies enabled them to maintain their luxurious lifestyles sustainably. The mobilisation of adequate climate financeessential to secure sustainable pathways to prosperityhas been an abject failure, and there are glaring inequities in contributions as ODIs fair shares report points out.

But a global tribe of rich country climate warriors has incessantly demanded a zero-emissions date from India, without taking into account either Indias development needs or their own historical footprint. So now you have it for what it is worth. Please welcome Indias new net-zero target.

The climate-centric warriors should be pleased. It pays court to the bald fact that ultimately, average global temperatures will continue to rise until humanity collectively reaches net-zero emissions. It implies Indias per capita cumulative emissions will only ever be a fraction of all OECD countries. But India made this commitment a long time ago at the Heiligendamm 2008 G8 summit.

Its per capita emissions today are only half the global average. It accounts for only 3% of cumulative emissions despite accounting for 17% of the world's population.

Indias new commitments further recognise that every unit of greenhouse gas counts, and has therefore included strong 2030 targets: for instance, half of Indias energy to come from renewables and the carbon intensity of GDP to fall by 45%. These are more ambitious commitments than more polluting nations, such as Australia, have pledged.

But to hear the sneering tone of many a climate warrior, India is doing too little too late and is somehow a major culprit in the Glasgow COP being about as action-oriented as a Five-Year Plan in the former Soviet Union.

But I would ask the sneerers to pause for a minute and pay just a little attention to what the Indian Prime Minister also said, both in Glasgow and in Rome, about the importance of human development for resilience to climate-related impacts: extreme heatwaves, heavy rainfall, severe flooding, catastrophic storms, rising sea levels and more.

At its worst, climate action is only acceptable to global elites if it perpetuates inequalities in wealth creation and consumption between and within geographies, that have been firmly in place since 1945. Any attempt to rebalance these and thereby ensure that net-zero is also poverty zero and inequality reducinga reasonable proposition if we do indeed share a common planethas for long now been off the table, since rapid advances in clean energy technologies allowed people to enjoy lifestyles of luxury while doffing the cap to sustainability. Why bother with public transport or clean water for slums as long as Elon Musk can produce fancy electric cars to drive rich kids to fancy private schools and use his profits to fund exciting adventures to outer space? There is no need for school buses nowpoor kids can just walk to the nearest state school if there is one, no carbon footprint there.

When these climate warriors depart Glasgow, it will be after Diwali, the most polluted time in Indias cities. Net-zero advocates should be speaking to this crisis: renewable energy, regenerative agricultural practices, and better waste management could address this environmental killer and climate change simultaneously. Instead, Indias cities will be polluted and cleaned by manual scavengers, because net-zero is not concerned with slums while their carbon footprint is negligible.

But I care about these things, which is why I care about sustainability. Every open cast coal mine in Jharkhand jeopardises the health and well-being of thousands of Indian children, securing only freedom from starvation and destitution, not the prosperity of their futures. Every unsustainable agricultural practice disempowers farmers, destroys the commons, and causes India to slip even further in the hunger index. Every slum in Mumbai is testimony to the hollowness of the Gilded Age in that city. Every development failure on agriculture, the built environment, water, and biodiversity exacerbates Indias carbon footprint and has a direct negative impact on the lives and prosperity of younger Indians.

So, unlike the climate warriors focused on their future instead of Indias present, I am interested in the pathway to net zero, presumably for the same reasons as the Prime Minister. A pathway that bucks the interests of the global rich and embraces a wider understanding of sustainable development that improves the quality of Indias built environment and agriculture, that safeguards its biodiversity, that does not debauch Indias coastlines, forests, and oceans, that prioritises lifeline over lifestyle energy. Such foundations will get India to net zero even faster than 2070. For, a just society is a sustainable society. Indias quest is to find the pathway that will deliver prosperity to those whose futures we are trying to protect from climate change, not to Elon Musk and his wannabe clones among Indias rich.

Rathin Roy is Managing Director at the Overseas Development Institute.

The views expressed here are those of the author, and do not necessarily represent the views of BloombergQuint or its editorial team.

Go here to read the rest:

COP26: Indias Glasgow Offering, Elon Musk, And What Rich Countries Choose To Ignore - BloombergQuint

1. Elon Musk Net Worth: How the Tesla CEO Could Become a Trillionaire  Barron's
2. Elon Musk Will Become a Trillionaire With SpaceX, Morgan Stanley Says  Bloomberg
3. Learn About Elon Musk's Views On Education  InsideEVs
4. Elon Musk Net Worth at $230 Billion USD  HYPEBEAST
5. Elon Musk is richer than Bill Gates and Warren Buffett put together  Entrepreneur
6. View Full Coverage on Google News

The rest is here:

Elon Musk Net Worth: How the Tesla CEO Could Become a Trillionaire - Barron's

Elon Musk may seem inseparable from Tesla, but on Wednesday night, the company offered the first real taste of what it might look like without its billionaire CEO.

Tesla held a regularly scheduled conference call to discuss its quarterly financial results, but as hed previously teased Musk did not attend. His absence took whats normally a venue for his rants and ramblings, dismissals of Wall Street, and attacks on the press and turned it into a coherent (if scripted) presentation of the companys recent progress.

There were fewer sideshows and a more measured tone, though the executives who spoke in Musks place still made some contradictions. If Musk were to leave his post atop the company, its likely that Tesla would look and sound a lot like how the company was presented on Wednesday nights call.

Musk has talked about stepping down from Tesla for a few years, especially after the Model 3 and Model Y helped the company find some financial stability. Perhaps most notably, in July, Musk testified in court that he had tried hard not to be the CEO at Tesla, but I had to or it would die.

He wasnt kidding he once said that the company was single-digit weeks away from collapse during the first big push to mass-produce the Model 3. It was around that time in 2018 that he got himself (and Tesla) sued by the Securities and Exchange Commission. The company also started facing some of the most intense waves of scrutiny about its Autopilot software.

Facing all that pressure, an admittedly sleep-deprived Musk often used the quarterly earnings call to blow off steam. In late 2017, he yelled shame at journalists and their editors for writing about the companys layoffs. In early 2018, he cut off Wall Street analysts for asking boring, bonehead questions and started the practice of fielding inquiries from retail shareholders. Three months after that, he apologized to those same analysts. In April 2020, he said that the shelter-in-place orders meant to stop the spread of COVID-19 were fascist.

There was none of that Wednesday night. Taking Musks place was Teslas chief financial officer Zachary Kirkhorn, along with vice presidents Lars Moravy and Drew Baglino. The trio bounded through pre-submitted questions from shareholders as well as live ones from the bankers. When asked about the National Highway Traffic Safety Administrations investigations into Autopilot, they gave diplomatic answers about how they embrace the scrutiny of [Teslas] products, and preached cooperation.

They still massaged some things, though. Tesla is not just cooperating with NHTSA, its partnering with the safety agency on the journey to the transition to a software-oriented vehicle, Kirkhorn said. Tesla is being extremely transparent about the ongoing test of the Full Self-Driving beta software, they claimed, despite making owners sign nondisclosure agreements until very recently.

The vibe certainly changed, but Kirkhorn and crew still obsessed over growth, much like Musk. Kirkhorn recommitted to the companys goal of increasing the number of vehicles it builds each year by 50 percent. The Model Y is poised to be the bestselling vehicle in the world, Moravy said. Musk has imbued Tesla with a ton of momentum, and the executives whove remained with him clearly wont slow that down.

If or when Musk steps down as Teslas CEO, the company will likely resemble the one on Wednesdays call. Whats unknowable is how Tesla would respond to Musks use of Twitter if he occupies a different perch. Right now, when he tweets about making changes to Teslas products, the people who work at the company have a pretty explicit obligation to make those changes happen. If hes in a reduced role, or removed from the company entirely (perhaps to focus more on SpaceXs growing operations in Texas), will Teslas executives give those tweets the same kind of weight?

Perhaps when Musk isnt CEO, his public proclamations will have less of an effect on the companys sky-high stock price. Musk even said at one point that he believed the share price was too high though that was billions of dollars worth of valuation and a stock split ago, so the market has proven its willingness to ignore him before. (For what its worth, Teslas stock price closed higher than ever on Thursday.)

Tesla has now turned a profit in nine straight quarters, and 11 of the last 13. Its still got its fair share of challenges ahead as it continues to build up factories in new places around the globe. But the company appears to be in the kind of shape Musk has said is required before hed consider leaving. Maybe well get a chance to evaluate his influence on Tesla from something other than the CEO role sooner than later.

Read the rest here:

Tesla offers a glimpse of a future without Elon Musk - The Verge

THE CHANGING FORTUNES OF THE WORLDS RICHEST

T

he U.S. stock market has almost made a full recovery from its 4.7% decline in September, and the worlds richest person is reaping more of the rewards than anybody.

Elon Musks fortune swelled to a whopping $214.8 billion this week, increasing by $12.7 billion as Tesla stock posted steady gains every day and rose 7.3% from Monday to Friday to cross $800 per share for the first time since February. Tesla outperformed the S&P 500s 1.8% increase this week, while the Dow Jones Industrial Average also gained 1.6%, fueled by a strong finish to the week on Thursday and Friday.

Tesla stock has surged nearly 50% since May 19 as the electric carmaker continues to deliver vehicles in record numbers. It said in early October that it delivered 241,300 cars in the second quarter, and this week it revealed it sold 56,000 cars in China in September from its Shanghai production facility, 12,000 more than it did in August. Jefferies raised its price target on Tesla shares to $950 leading up to its third quarter earnings report next Wednesday. Relative to other carmakers, Teslas car sales are quite small; in the U.S. alone, Ford sold 4.2 million cars last year and Toyota sold 9.5 million; the combined market value of those two companies is dwarfed by Teslas $844 billion market capitalization.

The boom times made Musk richer than Jeff Bezos in late September and pushed his net worth past $200 billion for the first time. Hes having fun with the competition. After telling Forbes he would send Bezos a silver medal upon his ascent to the top spot, he followed through on that promise on Monday by replying to one of Bezos tweets with a silver medal emoji.

Although Musk widened the gap this week, Bezos still got $5.6 billion richer on Friday with Amazon stock rising 3.3%. Since stepping down as CEO of Amazon in July, Bezos has spent more time in the public eye promoting his commercial spaceflight company Blue Origin, and he was on site to celebrate this week when 90-year-old actor William Shatner became the oldest person ever to fly into space on its New Shepard spacecraft.

The only person whose week was almost as prosperous as Musks was French luxury tycoon Bernard Arnault. He gained $10.5 billion after his LVMH conglomerate reported third-quarter sales of $18 billion (15.5 billion euros) , boosting its stock by 6.1% for the week. Arnault remains the third-richest person in the world with an estimated net worth of $185.4 billion. The strong week for luxury goods and cosmetics also made Arnaults French compatriots Franois Pinault (of Kering) and Franoise Bettencourt Meyers (of L'Oral) billions of dollars richer.

Here are the biggest billionaire gainers this week. The net worth change is from close of markets Friday, October 8 to Friday, October 15.

The net worth change is from close of markets Friday, October 8 to Friday, October 15.

See the original post:

Elon Musk Gets Almost $13 Billion Richer In One Week As Tesla Stock Hits 8-Month High - Forbes

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Imagine that one day you answer the phone and it is none other than the richest man in the world, Elon Musk , CEO of Tesla . Well, that happened to the Mexican Foreign Minister Marcelo Ebrard , who revealed what the tycoon told him during the call they held in the middle of the pandemic.

Gobierno de Mxico va YouTube / Bloomberg | Getty Images

This Wednesday, the head of the Ministry of Foreign Affairs (SRE) confessed that he received a call from the billionaire founder of SpaceX . This took place during the health crisis caused by Covid-19, when business closures were imposed as a preventive measure.

"One day Elon Musk, from Tesla , spoke to me and said 'they have plants closed that paralyze all the production we have in the United States.' I said 'Ah, ok, send me the list.' I thought there were going to be some, but there were 127, they all do different things. They go from Puebla to Chihuahua and many other places in the country, said Ebrard.

The revelation took place during the meeting between seven of the Governors of Southern Mexico with the Ambassador of the United States, Ken Salazar . In addition to those mentioned and Marcelo Ebrard , the Secretary of Economy, Tatiana Clouthier , also participated.

The anecdote served as an example to talk about "the degree of integration that we have achieved and what we have to do in the future to make the economy of the two countries less vulnerable," added the Mexican Foreign Minister.

It is no secret that Elon Musk is very interested in Mexico as a producing country and also as a market. His company Starlink has already obtained permission to offer its wireless satellite internet service in the country. However, it faces an obstacle, since the name of Starlink Satellite Systems Mxico, S. de RL de CV is already registered by a Mexican.

Excerpt from:

What did Elon Musk say to Marcelo Ebrard? The Mexican foreign minister received a call from the CEO of Tesla - Entrepreneur

RIO DE JANEIRO, BRAZIL - (Opinion) Two projects play almost no role in the current public discussion but are of existential importance for the future of all humanity.

One is the development of digital central bank currencies, which could put all financial matters under complete control by the state(s); the other is populating space with thousands of satellites that give the whole world access to the Internet.

The scary thing is that, concerning the second development, we are no longer talking about a distant future but are already facing a fait accompli.

As became known only recently, Elon Musk's . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here

Richard Mann is a German native and has worked as a freelance journalist for many years. He travels all over Brazil and is mainly interested in business, art, and culture and also likes to write articles about spiritual topics and unusual events.

Read more:

Opinion: Elon Musk and the specter of global control over the Internet - The Rio Times

A recent tweet fromTesla Inc (NASDAQ:TSLA)CEO Elon Muskmay have been the reason fora sharp rise in the price of Shiba Inu(CRYPTO: SHIB) as per several prominent members of the cryptocurrency community.

What Happened: The price of Shiba Inu shot up as much as 22% after a tweet from Musk, with some observers stating that the price increase was down to the fact that the figure in Tesla CEO'stweet looks like the meme coin's mascot holding a rocket.

The figure posted by Musk involves a rabbit-like figure holding a rocket, often considered a symbol of "to the moon" meme in the cryptocurrency community.

The correlation between the Musk tweet and the Shiba Inu surge was first noted by popular Twitter user Mr. Whale.

See Also:How To Buy Dogecoin

Many members of the Shiba Inu community took to Twitter to correlate the two events as the price of the coin skyrocketed by over 22% since the tweet was first published.

Why It Matters: Musk didn't mention Shiba Inu in the tweet but this is not the first time Musk's tweets have impacted the price of a cryptocurrency, even if unwittingly.

Musk played a key role in helping Dogecoin (CRYPTO: DOGE)hit an all-time high earlier in the year and the SpaceX founder also caused the price of Bitcoin to fall after stating his concerns about the negative impact Bitcoin mining has on the environment.

Just earlier this week, Musk responded to a series of tweets related to Dogecoin, sending the price of meme coin higher.

Price Action:Shiba Inu traded 7% higher at $0.00002788 at press time early Monday. It is up 2.8% over a period of 7 days. Dogecoin traded 0.9% higher at $0.24. Meanwhile, minor meme coins themed after Dogecoin and Shiba Inu are striking massive gains.

View post:

Shiba Inu Rallies After Elon Musk Posts 'To The Moon' Meme On Twitter - Benzinga - Benzinga