Elon Financial News

Elon Musk is in the works at New York-based studio A24 with «Black Swan»-filmmaker Darren Aronofsky as the director, according to a source familiar with the matter. A24 secured the rights to Walter Isaacson's biography on the world's richest person, according to the source, who added the Musk biopic will be produced by Aronofsky's production company, Protozoa Pictures.

Starlink, SpaceX's satellite internet division, has attained a state where its cash inflow matches its outflow. Starlink, recognized as the largest satellite enterprise globally, operates a constellation of around 5,000 satellites in low Earth orbit. The figures offer a unique insight into the financial workings of the enterprise led by Elon Musk.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: a Sell initiation at Tesla, and downgrades at Ginkgo Bioworks, Navient, and Masonite International.

In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares to launch version 2.0 of its platform, and Elon Musk unintentionally made a case for Bitcoin Ordinals. Meanwhile, an OpenSea investor has taken a 90% markdown on their stake in the platform, and don’t forget this week’s Nifty News featuring The Simpsons roasting NFTs.

Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker's plan to enter the South Asian market, sources familiar with the plans said. The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country.

Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker's plan to enter the South Asian market, sources familiar with the plans said. The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country. Discussions between the Musk and Goyal in the U.S. will centre around Tesla's plans to setup an Indian factory, manufacturing a $24,000 car there, sourcing more components and establishing charging infrastructure across the nation, one of the two sources told Reuters. A discussion is also likely on a new policy India is working on which will allow automakers to import fully built EVs into India at a reduced tax rate of 15%, down from as much as 100% now, if they commit to some local manufacturing. This meeting is to ensure that talks between India and Tesla «are moving in the right direction,» the person added.

Elon Musk's Starlink, officials told The Economic Times. A source said that Starlink gave "satisfactory" answers with regard to the company's data storage and transfer norms. "The company will be given a global mobile personal communication by satellite services (GMPCS) license to offer services after the security check is completed," they added.

ChatGPT from OpenAI (a company Musk co-founded), Google Bard, Facebook’s Llama – meaning the algorithm was trained on huge chunks of textual data. Competition hotting up in this domain is likely to mean an acceleration in AI development. Grok is currently available only to premium users of X.

India is pulling out all the stops to get Elon Musk's Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister's Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the country, including Tesla's investment proposal, people with knowledge of the matter told ET. «Though the agenda of the meeting was centred on general policy matters, fast-tracking approvals by January 2024 to Tesla's proposed investment in the country was spelt out,» a top official said.

Several GROK  tokens have been released days after Elon Musk announced GROK, an AI chatbot touted as a major rival to ChatGPT.

Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. The source, who declined to be named, did not say when production would begin. Tesla declined to comment.

Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests.

ChatGPT In a post on X, Musk mentioned that Gork has instant access to information via his social media platform, X (previously known as Twitter). He implies that this advantage sets xAI's model apart from other language models.

Elon Musk has taken another swipe at Mark Zuckerberg's Instagram. The tech billionaire has responded in agreement to a post by user cb_doge on X (formerly Twitter) comparing Instagram to OnlyFans. OnlyFans is an online subscription-based service in the UK, primarily used by sex workers who produce pornography.

Elon Musk, during a conversation with UK Prime Minister Rishi Sunak at an AI summit in London, made a prediction that artificial intelligence (AI) could render traditional paid work obsolete, the BBC reported. The 50-minute interview covered various aspects of AI, including the potential for humanoid robots capable of chasing "you anywhere". Musk and Sunak acknowledged London's prominence as a hub for the AI industry and discussed how AI could revolutionise education.

Mustafa Suleyman, the CEO of Inflection AI and co-founder of Google’s DeepMind, had some strong words for Elon Musk during a post-event interview with the BBC after the recent United Kingdom artificial intelligence (AI) summit concluded on Nov. 2.

Tesla chief, X owner, and well-known Dogecoin (DOGE) proponent Elon Musk has taken a swipe at non-fungible tokens (NFTs), and his comments have resonated with Bitcoin (BTC) enthusiasts.

Elon Musk. The founder of Tesla and SpaceX is expected to attend the entire summit before his discussion with Sunak, which is set to be live-streamed, to contemplate the advancements and dangers of AI technology. Sunak, in an interview with POLITICO, has defended his choice to involve Musk, given the latter's long-standing emphasis on the need for AI regulation.

The New York Post. He continued to push his own theory for why Soros directs his Open Society Foundations toward local elections rather than national campaigns. “Once you get to city and state district attorneys, the value for money is extremely good.

While publicly mocking non-fungible token (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs.

Elon Musk is now offering Meta owner Mark Zuckerberg $1 billion to change the name of Facebook. The billionaire was responding to a post by parody news site BabylonBee, which quoted Musk as offering Zuckerberg $1 billion to change Facebook's name. While essentially confirming the offer, Musk noted, “It would be a much better name!" Notably, this is not the first time hostilities between the two tech giants have flared, with news of an impending Zuckerberg vs.