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Category Archives: Elon Musk

Elon Musk is now the fourth-richest person in the world. He’s about to get even richer – CNN

Posted: August 26, 2020 at 4:08 pm

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"},{"title":"Analyst: Tesla playing a poker game with Wall Street","duration":"02:10","sourceName":"CNN","sourceLink":"http://www.cnn.com","videoCMSUrl":"/video/data/3.0/video/business/2019/07/25/dan-ives-tesla-profits-wall-street-poker-game-sot-first-move.cnn/index.xml","videoId":"business/2019/07/25/dan-ives-tesla-profits-wall-street-poker-game-sot-first-move.cnn","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/180328142958-tesla-logo-large-169.jpg","videoUrl":"/videos/business/2019/07/25/dan-ives-tesla-profits-wall-street-poker-game-sot-first-move.cnn/video/playlists/business-tesla/","description":"Wedbush Securities managing director of Equity Research Dan Ives says that Elon Musk and Tesla (TSLA) are playing a game of poker with Wall Street as the company reported a $408 million second quarter loss even after delivering a record number of cars in the quarter.","descriptionText":"Wedbush Securities managing director of Equity Research Dan Ives says that Elon Musk and Tesla (TSLA) are playing a game of poker with Wall Street as the company reported a $408 million second quarter loss even after delivering a record number of cars in the quarter."},{"title":"Hear Elon Musk's bold predictions for Tesla robotaxis","duration":"01:04","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2019/04/22/tesla-robotaxis-rideshare-elon-musk.cnn-business/index.xml","videoId":"business/2019/04/22/tesla-robotaxis-rideshare-elon-musk.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/190422173958-tesla-elon-musk-rideshare-robotaxi-large-169.jpg","videoUrl":"/videos/business/2019/04/22/tesla-robotaxis-rideshare-elon-musk.cnn-business/video/playlists/business-tesla/","description":"CEO Elon Musk says he expects Tesla to have a fleet of self-driving taxis on the streets next year.","descriptionText":"CEO Elon Musk says he expects Tesla to have a fleet of self-driving taxis on the streets next year."},{"title":"Investor: Have to take 'good and bad' with Elon Musk","duration":"02:41","sourceName":"CNN Business","sourceLink":"http://www.cnn.com/business","videoCMSUrl":"/video/data/3.0/video/business/2019/03/13/markets-now-elon-musk-tesla-good-bad.cnn-business/index.xml","videoId":"business/2019/03/13/markets-now-elon-musk-tesla-good-bad.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/181108160757-elon-musks-power-cut-00013520-large-169.jpg","videoUrl":"/videos/business/2019/03/13/markets-now-elon-musk-tesla-good-bad.cnn-business/video/playlists/business-tesla/","description":"Ross Gerber, co-founder and CEO of Gerber Kawasaki, explains why his firm is buying up Tesla stock, in spite of Tesla's many communications issues.","descriptionText":"Ross Gerber, co-founder and CEO of Gerber Kawasaki, explains why his firm is buying up Tesla stock, in spite of Tesla's many communications issues."},{"title":"Tesla cuts jobs to offset Model 3 cost","duration":"01:30","sourceName":"CNN Business","sourceLink":"","videoCMSUrl":"/video/data/3.0/video/business/2019/01/18/tesla-cuts-workforce.cnn-business/index.xml","videoId":"business/2019/01/18/tesla-cuts-workforce.cnn-business","videoImage":"//cdn.cnn.com/cnnnext/dam/assets/170703164806-cnn-money-tesla-model-3-large-169.jpg","videoUrl":"/videos/business/2019/01/18/tesla-cuts-workforce.cnn-business/video/playlists/business-tesla/","description":"Tesla plans to reduce its workforce by 7% as it works to increase Model 3 production and cut prices. 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Elon Musk is now the fourth-richest person in the world. He's about to get even richer - CNN

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Elon Musk promises demo of a working Neuralink device on Friday – The Verge

Posted: at 4:08 pm

Elon Musk has said that his secretive neurotech firm Neuralink will demonstrate a working device, presumably a brain-machine interface, at 6PM ET on Friday. Musk has spoken repeatedly about his belief that BMI devices are needed to help humans keep up with AI by supplementing our brainpower, but right now, his goal is much simpler: to create an implantable device that lets people control phones or computers with their mind.

Musk initially announced the August 28th progress update back in July, and has now offered more details on what will be shown. He says the update will include the unveiling of a second-generation robot designed to attach the companys technology to the brain, and a demo of neurons firing in real-time, though its not clear exactly what is meant by this.

Even compared to Musks other ventures like Tesla and SpaceX, Neuralink is ambitious. The company wants to connect to the brain using flexible electrodes thinner than a human hair that it calls threads. Current BMI devices use stiff electrodes for this job, which can cause damage. But inserting flexible electrodes is a much more delicate and challenging task, hence the companys focus on building a sewing machine like robot to do the job.

Eventually, Neuralink hopes to make the installation process for BMIs as non-invasive as Lasik eye surgery, even removing the need to use general anesthetic. Musk has previously spoken about the need for an automated Lasik-like process for BMIs to overcome the constraints and costs involved with needing to use highly trained neural surgeons. But this isnt ready to be shown off yet, according to Musk. Still far from LASIK, but could get pretty close in a few years, Musk tweeted in response to a followup question about the event.

Many scientists have welcomed Musks involvement in this medical field, because of the huge potential of BMIs to help paralyzed individuals and those with neurological disorders. Others have cautioned that his claims for the future utility of these devices are far from proven, and his timescales for progress overly optimistic. Neuralink said last year it would start clinical trials by the end of 2020, but has not given any further updates on this goal.

Neuralink is yet to officially announce how youll be able to watch Fridays event, but keeping an eye on the companys YouTube channel seems like a safe bet.

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Tesla dating app created for owners are obsessed with Elon Musk – Business Insider – Business Insider

Posted: August 20, 2020 at 6:08 pm

Tesla stans, rejoice there may soon be a dating app where you can pursue like-minded car owners who are also obsessed with their electric vehicles and CEO Elon Musk.

An app called Tesla Dating is currently in the works, made exclusively for verified Tesla owners. The app's set-up is akin to that of Tinder or Bumble, except the only people that appear on the app are fellow Tesla cult followers.

The app is the work of Ajitpal Grewal, a self-described "ecommerce entrepreneur" and Tesla stan living in Canada. Grewal told Business Insider he decided to create the app after realizing Tesla owners only wanted to talk about one thing: how much they love their Teslas.

"It became a big part of their identity, and they shared a lot of the same values, like wanting to reduce their impact on the environment, stanning Elon Musk, or appreciating high tech," Grewal said in an email. "Suddenly it hit me, these people would be perfect for each other."

Tesla Dating is still in the "early stages" of development, but Grewal has launched a website where interested users can sign up for early access to "an exclusive community of like-minded Elon stans." Since the website went live Wednesday, more than 160 people have signed up for the waiting list, Grewal said.

Grewal's app idea capitalizes on the loyal following built up around Tesla and Musk, its CEO. Tesla owners are known for making sure everyone else knows they own and unequivocally love one of the electric vehicles, the cheapest model of which starts at $38,000. However, fans of Elon Musk are even more fervent: They worship the billionaire'sprolific and controversial Twitter presence, and slam journalists and critics who write anything online negative about him.

To make a profile on the Tesla Dating app, users will be required to verify they actually own a Tesla, Grewal said. Grewal told Business Insider he plans to do this by asking users to submit a picture of themselves inside their Tesla.

Users will be able to specify on their dating profiles their car's model and configuration, and will have potential matches sorted by those whose car characteristics most closely align with theirs.

"I believe your car tells a lot about you as a person," Grewal told Business Insider.

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Elon Musk to add internet icon and Spokane native Keyboard Cat to Tesla Music app – KREM.com

Posted: at 6:08 pm

The feature allows Tesla drivers to make music through an app on the car's interface. Users will be able to build off the Keyboard Cat theme to make their own tunes.

SPOKANE, Wash. A Spokane native and internet icon, Keyboard Cat, is getting a big feature in Tesla cars thanks to Elon Musk.

The keyboard cat theme, written by keyboard cat's owner Charles Schmidt in 1984, will be featured in the music app in Tesla cars. The app allows drivers to come up with their own simple tunes, and even replay their musical creations for their friends.

Tesla owners will be able to build off the keyboard cat theme to make their own unique musical compositions.

Schmidt, the genius behind keyboard cat and Spokane local, is thrilled that his creation will be featured in Musk's cars.

"It's too cool," Schmidt said.

Schmidt says someone from Tesla reached out to him about using the theme in Tesla's creative suite. Schmidt says his manager and the company hammered out a deal, and within three days of the initial email, he was sent a contract.

Schmidt, who's a fan of Elon Musk, says it was Musk himself who initially requested the theme be included in the app's library.

"I love pop culture, and I love freedom and creativity," Schmidt said. "It feels good to connect with [Elon] on any level. He's just an ordinary guy, he's goofy, he's like a ninth grader with ten billion dollars and a ton of brains."

Schmidt says even after Keyboard Cat's success, this kind of recognition still amazes him.

"It's always exciting," he said. "No matter how many times my cat gets famous, it's a big surprise to me that it's even possible."

It's always exciting because I'm just who I am and no matter how many times my cat gets famous it's a big surprise to me that it's even possible

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Who’s the richest tech boss? From Jeff Bezos to Elon Musk and Bill Gates – Evening Standard

Posted: at 6:08 pm

The wealth of many billionaires has risen dramatically since coronavirus lockdown, driven in part by stock market gains and corporate bailouts from the US government.

This took place while millions of people have lost jobs and income more than 50 million people in the US alone have filed for unemployment during the pandemic.

Some of the richest people in the world made their money from founding tech companies that we seemingly cannot do without, including Amazon, Facebook, Microsoft, Apple and Netflix.

This week, Elon Musk became the fourth richest man in the world, after gaining $8 billion in a day.

Hkere we look at some of the billionaires at the world's largest tech companies.

Jeff Bezos(Getty Images)

Amazon founder Jeff Bezos is worth $193 billion (about 147 billion), according to the Forbes Billionaires list. He has consistently been the richest person in the world since 2018.

Mr Bezos, 56, is on course to be a trillionaire by 2026, if his wealth continues to grow at the same rate as in the past five years. Given the Amazon share price, a significant driver of his net worth has been on a very strong run for years that may not continue, some have argued that the projection may not come true.

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He launched the e-commerce company in 1994 as Cadabra, but soon changed the name. The company had revenues of $281 billion (214 billion) in 2019 by far the largest revenue for an internet company.

Amazon has been criticised for its allegedly harsh labour practices and tax policy. The company has consistently denied these claims.

Mr Bezos was also called "the world's worst boss" by an international trades union in 2014. Sharan Burrow, General Secretary of the International Union of Trade Confederations, said: "Jeff Bezos represents the inhumanity of employers who are promoting the American corporate model."

He has also owned the Washington Post newspaper since 2013, among a number of other investments. He has given several billion dollars to charity, including a promise of $10 billion (about 7.6 billion) to help fight climate change.

When he and his wife MacKenzie Scott divorced in 2018, she kept 25 per cent of their previously-joint shares in Amazon, as well as interests in other ventures becoming one of the richest women in the world with a fortune of $36 billion (about 27.8 billion).

Elon Musk (Getty Images)

Elon Musk is now worth $84.8 billion, after his stock jumped 11 percent on Monday - making him the fourth richest person in the world, surpassing Bernard Arnault, CEO of Louis Vuitton. Tesla's shares rose an additional 2.8 percent on Tuesday.

South Africa-born Musk is an engineer, industrial designer, and technological entrepreneur, who founded SpaceX, The Boring Company and X.com - which became PayPal. He is also CEO of Tesla.

He is a US, Canadian and South African citizen. He previously dated actors Amber Heard and Talulah Riley, whom he married. He is currently in a relationship with Canadian musician Grimes - with whom he had a baby, famously named X AE A-XII.

Musk is also a philanthropist, and has given money towards environmental projects and projects to combat coronavirus.

Bill Gates (Getty Images)

Bill Gates, who founded Microsoft in 1975 with Paul Allen, is worth about $113.4 billion (about 86.6 billion), according to Forbes. He was the richest person in the world for every year but four between 1995 and 2017, according to Forbes after which Mr Bezos surpassed him.

He no longer runs Microsoft, having stepped down as CEO in 2000 and chairman in 2014. Mr Gates now focuses on the Bill and Melinda Gates Foundation, thought to be the largest private charity in the world.

Mr Gates came in for fierce criticism for some of Microsoft's business practices, which were seen as stifling competition. The US government took Microsoft to court in 2001, reaching a settlement that the company would share some of its software with third parties.

Mark Zuckerberg(REUTERS)

Mark Zuckerberg, who co-founded Facebook with four college room-mates in 2004, is the next tech billionaire on the list with $97.5 billion (about 74.4 billion) although he is not currently as wealthy as owner of luxury goods firm LVMH Bernard Arnault, who along with his family is worth $107.4 billion (about 82 billion).

6 key takeaways from the tech CEOs antitrust hearing

Mr Zuckerberg, 36, has been criticised for the role Facebook has played in the 2016 US election. In 2018 it emerged that Cambridge Analytica had used Facebook user data without consent, largely for political advertising purposes, including for the campaigns of Donald Trump and Ted Cruz.

Cambridge Analytica is also alleged to have been hired by pro-Brexit campaigners Leave.EU ahead of the 2016 referendum, although founder Arron Banks has denied this. Facebook was fined $5 billion for its role in the data breach.

Mr Zuckerberg and his wife Priscilla Chan have also given major charitable donations in recent years, including pledging 99 per cent of their Facebook shares worth tens of billions of dollars to their charitable initiative over the course of their lifetimes.

Larry Page (L) and Sergey Brin (R)(AP/Reuters)

Google co-founders Larry Page and Sergey Brin are worth $67.2 billion (51.3 billion) and $65.4 billion (50 billion) respectively, having started the company in 1998. Google is owned by a parent company, Alphabet, of which Mr Page and Mr Brin are controlling shareholders, following a 2015 restructuring.

Mr Page was the initial CEO of Google, serving in the role until 2001. He then took over the job again in 2011, stepping down in 2015 to become CEO of Alphabet. He resigned as CEO in December 2019.

Mr Brin has been more involved with the company's experimental and developmental divisions, including Google's self-driving car programme and others.

Laurene Powell Jobs in 2019(Getty Images)

Laurene Powell Jobs is the widow and heir of Steve Jobs, Apple's co-founder, who died in 2011. She founded her own firm, Terravera, a natural foods company, and previously worked at investment banks Merrill Lynch and Goldman Sachs.

She and her family are worth around $19 billion, or about 14.5 billion.

Apple CEO Tim Cookin 2019(Apple)

Tim Cook, her late husband's successor as Apple boss in 2011, saw his wealth top $1 billion in August with the company's share price continuing to soar, according to the Bloomberg Billionaires Index.

Apple is one of the most valuable publicly traded companies in the world, at more than 1.93 trillion (roughly 1.45 trillion) and its share price has been on a broad upward trajectory since March.

Netflix's CEO Reed Hastings (Adam Rose )

Reed Hastings, who co-founded Netflix with Marc Randolph in 1995, has a fortune of around $5.2 billion (about $4 billion). He remains the company's co-CEO and owns about one per cent of its shares.

The company went public in 2002 and has about 183 million subscribers. It was originally a video rental service, but began streaming in 2007. He has given more than $100 million to educational charities.

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How Tesla and SpaceX CEO Elon Musk spends his billions – CNBC

Posted: August 19, 2020 at 1:15 am

Elon Musk's net worth is soaring in 2020, as Tesla's surging stock price has roughly quadrupled since the start of the year.

Musk owns about 20% of Tesla's stock, a stake that's worth more than $50 billion, according to research firm Wealth-X. Overall, Musk's personal net worth is estimated to be at least $66.7 billion, according to Wealth-X, which provided CNBC Make It with estimates of the value of Musk's assets as of August 13. The rest of Musk's net worth includes a stake in private aerospace startup SpaceX that Wealth-X values at $15.3 billion, along withcash and other substantial holdings, including multiple multimillion-dollar real estate holdings.

(In fact, Tesla's stock continued to soar this week ahead of a stock split later this month which Wall Street analysts believe could cause even more demand for the hot stock.)

CAPE CANAVERAL, FLORIDA - MAY 30: U.S. President Donald Trump acknowledges SpaceX founder Elon Musk (R) after the successful launch of the SpaceX Falcon 9 rocket with the manned Crew Dragon spacecraft at the Kennedy Space Center on May 30, 2020 in Cape Canaveral, Florida. Earlier in the day NASA astronauts Bob Behnken and Doug Hurley lifted off on the inaugural flight and will be the first people since the end of the Space Shuttle program in 2011 to be launched into space from the United States. (Photo by Saul Martinez/Getty Images)

Saul Martinez | Getty Images News | Getty Images

Tesla's billionaire CEO, who is also the chief executive of SpaceX and founder of The Boring Company, has jumped up the billionaire rankings amid Tesla's stock surge. Musk is now firmly in the top 10 of Bloomberg's Billionaires Index, ranking fourth, just ahead of France's LVMH chairman Bernard Arnault and behind Facebook's Mark Zuckerberg. That's a substantial rise for Musk, who ranked 46th on the Billionaires Index in May 2019.

So how does one of the world's wealthiest people make and spend his fortune?

When he's not busy running multiple companies, Musk is pretty active in the real estate market. After Musk tweeted in early May that he planned to sell off nearly all of his physical possessions and "own no house," multiple properties owned by the billionaire reportedly hit the market, including a 47-acre estate located in Hillsborough, California, a pricey location in the San Francisco Bay Area.

That property, which features a 10-bedroom Mediterranean-style mansion built in 1916, has an asking price of roughly $35 million.

In June, Musk reportedly sold a 16,000-square-foot, seven-bedroom mansion in Los Angeles' Bel Air neighborhood for $29 million to a Chinese tech billionaire, NetEase.com CEO William Ding, according to The Wall Street Journal.

Based on Wealth-X's estimates of Musk's assets, the billionaire still owns at least four properties in the Los Angeles area that are worth nearly $40 million combined. Those include a 33,976-square-foot property valued at $5 million and a 1,540-square-foot property valued at $850,000, according to the research firm.

In 2012, Musk joined the likes of Warren Buffett and Bill Gates in signingThe Giving Pledge, promising to contribute a majority of his wealth to charitable causes over his lifetime.

In 2015, Musk gave $10 million to the Future of Life Institute, which is aimed at ensuring that artificial intelligence technology is "beneficial to humanity." And in 2016 he reportedly donated Tesla stock valued at $255 million to his own charitable foundation, called the Musk Foundation.

(It's worth noting that a 2019 investigation by The Guardian found that, while the Musk Foundation had donated millions of dollars to roughly 160 charities over nearly two decades, the foundation had also given money to a school where Musk's children matriculated, a charity run by Musk's brother, "a protest group fighting gridlock on Musk's commute to SpaceX," and a sculpture reportedly set on fire at the 2013 Burning Man festival.)

In 2018, Bloomberg reported that Musk had made over $6 million in anonymous donations to the environmental group the Sierra Club. Musk had asked the group to publicize those donations in order to offset backlash that followed his donations of more than $88,000 to Republican politicians at the time, according to Bloomberg.

Not surprisingly, the electric car CEO also owns a few interesting vehicles. In a 2013 Sotheby's auction, Musk paid nearly $1 million for a rare 1976 Lotus Esprit sports car that was used in the filming of the 1977 James Bond film "The Spy Who Loved Me." (In the movie, the sports car actually transformed into a submarine.)

National Motor Museum | Heritage Images | Getty Images

Musk's stable of cars also reportedly includes a 1920 Ford Model T, which he says was a gift from a friend, as well as a Jaguar Series 1 1967 E-type Roadster. In 2017, Musk said those two cars were the only two gasoline-powered cars he owned, though he's previously owned everything from a 1978 BMW 320i (the first car he ever owned) to a McLaren F1, a rare sports car that Musk says he wrecked in 2000 after buying it for $1 million.

In July 2019, Musk said on Twitter that he mostly drives Tesla's Model S Performance sedan. The billionaire has also been spotted driving Tesla's new Cybertruck around southern California.

Musk has said in the past that he typically only invests money in his own companies.In 2018, Musk himself contributed roughly 90% of the $112.5 million raised that year by his company, The Boring Company, according to The New York Times.

However, in recent years he has also invested undisclosed amounts as a financial backer fortech companies like the artificial intelligence startup DeepMind and the neurotechnology startup NeuroVigil.

In 2015, Musk and other entrepreneurs also contributed to a $1 billion pledge to fund the artificial intelligence research lab OpenAI.

Wealth-X reports that Musk also owns $950,000 in exercisable stock options in Tesla, which along with his more than $50 billion stake in the company, accounts for more than 76% of his total net worth.

Meanwhile, Musk's SpaceX holdings, which Wealth-X values at $15.3 billion, account for almost 23% of his total net worth. The private aerospace corporation recently made history with its first launch of NASA astronauts into space.

Musk also has roughly $660 million in estimated "proceeds from previous salaries, bonuses, investments, dividends and stock transactions," according to Wealth-X.

Musk famously does not accept a salary as Tesla's CEO. However, in May, Musk earned the first portion of his massively incentivized pay package that Tesla's shareholders approved in 2018.

That portion gave Musk an additional 1.7 million Tesla shares (worth more than $700 million at the time, but which are now valued at more than $3.2 billion based on the company's stock price as of Tuesday).The pay package could ultimately dish out more than $55 billion to Musk over 10 years if Tesla hits a series of required financial milestones by 2028, including a market capitalization of $650 billion. The company's current market value is over $350 billion, as of Tuesday.

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Bill Gates, Elon Musk, Jeff Bezos and the rest of the Oligarchic Dozen just reached a disturbing milestone – MarketWatch

Posted: at 1:15 am

The rich get richer doesnt even begin to tell the story these days.

According to the Institute for Policy Studies, the wealth of the top 12 billionaires in the U.S. recently exploded to more than one trillion dollars yes, 13 digits.

The statistic, of course, is an eye-popping figure on its face, made even more so in light of the devastation in the broader economy due to the coronavirus pandemic.

This is a disturbing milestone in the U.S. history of concentrated wealth and power, said Chuck Collins, a director for the Washington D.C.-based progressive think tank. This is simply too much economic and political power in the hands of twelve people. From the point of view of a democratic self-governing society, this represents an Oligarchic Dozen.

Since the pandemic first blew up in the U.S. back in March, the Oligarchic Dozen has enjoyed a 40% surge in its combined wealth or an increase of $283 billion.

Teslas TSLA, +2.80% Elon Musk has been the biggest beneficiary, with his wealth, as of August 13, tripling to $73 billion. That doesnt even include the fierce rally in Tesla shares on Monday, which pushed Musk into the fourth position on the Bloomberg Billionaires Index.

Heres the full list:

The total wealth of the Oligarchic Dozen is greater than the GDP of Belgium and Austria combined, said Omar Ocampo, a researcher for IPSs program on inequality and the common good. Meanwhile, tens of millions of Americans are unemployed or living paycheck to paycheck, and 170,000 people have died from COVID-19 in the United States.

The Oligarchic Dozen, like everybody else, got off to a rough start this year, with the groups collective wealth dropping by almost $100 billion from January 1 to March 18. It didnt take long for their net worth to rebound and surpass their September 2019 levels, except for Warren Buffett BRK.A, +1.03% , who is still a couple billion short of his year-ago figure.

And its not just Bezos and the bunch who have seen fortune smile upon them lately. CEO compensation, overall, climbed to its highest level in seven years last year, and it is positioned to rise once again in 2020, according to an Economic Policy Institute study cited by the Washington Post. In fact, the pay ratio between chief executives and workers at Americas 350 biggest companies has widened to 320-to-1, the researchers found.

Meanwhile, many on the Oligarch list were having another good run on Tuesday, with Amazon AMZN, +4.08% , Alphabet GOOG, +2.67% , Tesla and Microsoft MSFT, +0.57% , all in the green. The Dow Jones Industrial Average DJIA, -0.24% was lagging, while the S&P 500 SPX, +0.23% and tech-heavy Nasdaq Composite COMP, +0.72% were both pushing higher.

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Bill Gates, Elon Musk, Jeff Bezos and the rest of the Oligarchic Dozen just reached a disturbing milestone - MarketWatch

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Check Out All Three Telling Elon Musk Interviews With Automotive News – InsideEVs

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This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are willing to share its content free of charge. Enjoy!

Posted onEVANNEX on August 17, 2020byIqtidar Ali

Elon Musktook part in a series of fascinating interviews withAutomotive News Daily Drive podcast(listen to all three parts below). Muskdiscussed a variety of topicsincluding therecently-announced Austin Gigafactory andsomeof his views related to the much-anticipated Tesla Cybertruck.

Muskelaborated on some of the reasons for choosing Austin as the location for Teslas next U.S. Gigafactory.As reported, cities including Austin, Houston, and Tulsa were allactively vyingto get Teslas attentionfor the new Gigafactory. Interestingly though, most of the in-house tech and engineering talent atTesla wasmost enthusiastic aboutthe move to Austin.In turn, this becamea keycriteria for (ultimately) choosing Austin.

Muskalso expressed his desire for setting up a Gigafactorycloser to the East Coast.That said, Giga Austinfit this criteriaand also gives the manufacturer easy access to surrounding states, making local deliveries faster as well.

Regarding the Cybertruck,Muskexplained that he and his team at Tesla did zero customer research. Musk said, we just made a car we thought was awesome, it looks super weird, I just wanted to make a futuristic battle tank, something that came out of Blade Runner or Aliens or something like that.

Meanwhile, back in California, vehicleproduction at Tesla's Fremont factory is still 70% of the automakers total production. However, according to Musk, Bay Area is a pretty expensive place to build cars. In addition, there arefar more regulatory agencies in California compared to Texas.

In response toa question asking if Musk is still consideringmoving the Tesla HQ out of California,he responded: "Thats gonna require a lot more thought. Obviously theres no question that our headquarters will remain in California in the short-term. Long term, well have to see."

In any event,a wide varietyoffascinating details were revealed during Musk's extensive three-part interview series with Automotive News. As a recap, the three separate interviews are all consolidated below be sure to check out these Elon Musk interviews for morevaluable insights into Tesla's future.

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Written by:Iqtidar Ali. An earlier version of this article was originallypublished onTesla Oracle. Source:Automotive News

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Meet brain coach hired by Tesla, SpaceX CEO Elon Musk and his three tips to speed up memory – The Financial Express

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The mantra of continuous learning vital for success is perhaps why Tesla and SpaceX billionaire CEO Elon Musk hired brain coach Jim Kwik. (Elon Musk) brought me in because he realized, (like) the most successful people on the planet realize, that in order to be successful, you have to always be learning, Kwik told CNBC. He said that Musk hired him after they bonded over science fiction books like Isaac Asimovs Foundation Series and Lord of the Rings. Speed reading and memory trainer Kwik runs Kwik Learning based in New York and has clients including Google, Virgin, Nike, Fox Studios, GE, and more, according to his website.

According to Kwik, Musk already had an incredible memory to start given that he was familiar with multiple memory techniques taught by Kwik. The technology entrepreneur and philanthropist Musk also had Twik teach his techniques to a few researchers and rocket scientists at SpaceX. However, while Musk tweeted that Kwiks ideas sound sensible but he was not my or SpaceXs brain coach. I think he maybe gave a talk once. Neither Tesla nor Kwik hadnt responded to requests for comments.

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These techniques by Kwik were published in his book Limitless Limitless: Upgrade your brain, learn anything faster, and unlock your exceptional life. The three tips according to Kwik for better learning are, first, eliminate automatic negative thoughts (ANTs) that say one cannot learn anything new by talking back to them and saying I can learn that. Second, Kwik suggested to eat brain foods like Avocados, Blueberries, Broccoli, Eggs etc. to improve muscle control and sensory perception like seeing, hearing, memory etc. And third, he suggested daily reading as its benefits compound over time. The key is consistency, he wrote in the book.

Meanwhile, Musks SpaceX is nearing finalizing $2 billion funding up from earlier discussions of raising $1 billion, Bloomberg reported. The company will have an equity value of $46 billion once the deal is closed, making it among the most valuable US venture-funded companies. Its Dragon capsule had returned to Earth this month after completing the first mission wherein the US astronauts flew to the International Space Station since the shuttle programme ended in 2011.

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Meet brain coach hired by Tesla, SpaceX CEO Elon Musk and his three tips to speed up memory - The Financial Express

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SpaceX Increases Latest Funding Round to $2 Billion – Bloomberg

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Elon Musk

Photographer: Patrick T. Fallon/Bloomberg

Photographer: Patrick T. Fallon/Bloomberg

Elon Musks Space Exploration Technologies Corp. is close to finalizing $2 billion in new funding after the company increased the size of the round due to strong demand, according to people familiar with the matter.

Fidelity Investments, an existing investor, is one of the biggest participants in the round, one of the people said, asking not to be identified because the matter is private.

A representative for Hawthorne, California-based SpaceX didnt immediately respond to a request for comment. A representative for Fidelity declined to comment.

The company had been in discussions to raise about $1 billion at a price of $270 a share, Bloomberg News previously reported. Not including the new funds, that wouldve valued SpaceX at $44 billion.

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When the transaction is finalized, the company will have an equity value of $46 billion, including the fresh $2 billion in capital. This ranks SpaceX as one of the most valuable U.S. venture-backed companies.

The $2 billion round, which was oversubscribed, would be the largest fundraising so far for SpaceX, according to PitchBook. It also comes just as SpaceX pulled off its most highest-profile mission.

SpaceXs Dragon capsule returned to earth safely this month, the first mission in which U.S. astronauts flew to the International Space Station on American spacecraft since the shuttle program ended in 2011.

For SpaceX, the flight was a signature achievement 18 years after Musk founded the company with the ultimate goal of populating other planets. The mission also cements SpaceXs spot as the most valuable firm in the New Space industry.

SpaceXs previous investors include Peter Thiels Founders Fund, Alphabet Inc., Baillie Gifford and Valor Equity Partners.

The National Aeronautics and Space Administration has been a key partner and customer for SpaceX. It said on Friday that it was targeting Oct. 23 for its first operational mission with SpaceX.

With assistance by Annie Massa, and Dana Hull

Before it's here, it's on the Bloomberg Terminal.

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