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The Latest Breaking News from Elon Musk

Following Arnault’s buyout of Boussac, the billionaire fired 9,000 people working for the company, sold off most of the group’s assets (except the Dior brand), and earned the nickname “the Terminator.”

Fortune

Shanghai Composite Index Ended Nearly Flat on Thursday

Shenzhen Component Index closed up 0.39%

Caixin Global

Tesla Model 3 “Highland” To Be Revealed By Musk In China Today: Report

Tesla will give an early glimpse of the facelifted Model 3 “Highland” in Shanghai, as part of Elon Musk’s visit to China this week, according to a report published by Bloomberg, citing people familiar with the matter.

InsideEVs

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Musk wraps up two-day China visit aimed at boosting Tesla sales

A private jet belonging to Tesla CEO Elon Musk departed Shanghai on Thursday, Chinese flight-tracking data showed, as the tycoon wraps up a visit to China that has seen him express hopes to expand business in the world's largest market for electric vehicles.

France 24

Elon Musk stays away from Twitter for longest in a year during China trip

Elon Musk, a prolific presence on Twitter and owner of the social media platform, didn’t send any tweets while he was in China for his first visit since the pandemic.

The Times of India

A group flagged 'hate' tweets from Twitter Blue users and says Twitter didn't act for days

According to a new report from the Center for Countering Digital Hate (CCDH), racist and abusive tweets from users with the Blue checkmark were not taken down by Twitter for several days after being flagged as offensive.

Fortune

Twitter’s value down two-thirds since Musk takeover, says investor

Asset manager Fidelity reports that stake worth $20m in October 2022 is now worth just under $6.6m

The Guardian - UK

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Twitter tries to crack down on AI images with Community Notes feature

The update comes on the heels of several AI-generated images that gained notoriety — remember Balenciaga pope?

Evening Standard

Twitter moderation is about to get much worse - and its all Elon Musk's fault

Block Party, a helpful anti-harassment tool, has left Twitter - and left users lost amid a rise in toxic content on the platform.

TechRadar

AOC warns Elon Musk is ‘testing waters’ to interfere in 2024 election

‘All of it is precedent-setting and testing waters ahead of ‘24. It will get worse,’ AOC says

The Independent UK

Meeting Musk, Chinese Foreign Minister Stresses Benefits of ‘Healthy’ U.S. Relations

Qin Gang told the Tesla CEO on Tuesday that China is committed to providing a market-oriented and law-based business environment for foreign enterprises

Caixin Global

What were FDA’s concerns over Elon Musk’s Neuralink chip?

Neuralink is making a Class III medical device known as a brain-computer interface. The device connects the brain to an external computer via a Bluetooth signal, enabling continuous communication back and forth. It could revolutionise treatment for conditions such as Parkinson’s disease, epilepsy, and spinal cord injuries.

The Hindu

Twitter is now worth a third of what Elon Musk paid, Fidelity says

Financial services giant marks down value of its stake in the platform

Evening Standard

No 'decoupling' between U.S. & China, says JPMorgan's Jamie Dimon

JPMorgan's CEO is currently in Shanghai for a series of conferences, in his first visit to mainland China since the COVID pandemic.

Fortune

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Salon

FDA greenlights Musk's Neuralink trials

Musk has made many radical claims regarding his future vision for the technology. What comes after FDA approval?

Axios

Business behemoths ramp up China diplomacy

Dimon and Musk's individual pilgrimages east reflect the realpolitik that's always driven Western financial considerations.

Fortune

Elon Musk says home prices will tumble 'next'—Redfin's CEO disagrees

Elon Musk thinks pain awaits the residential housing market, tweeting that "Commercial real estate is melting down fast. Home values next."

France 24

Tesla CEO Elon Musk visits China amid increased tensions with US

Elon Musk, Chief Executive of Tesla, is making a visit to China this week. As the electric vehicle company's second-largest market and a crucial player in its supply chain, the country holds significant importance for Tesla. After a meeting with the Chinese foreign minister, Musk was reported to have expressed…

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Radio France Internationale

Artificial intelligence may lead humanity to extinction, industry leaders warn

Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the "risk of extinction from AI", which they urged policymakers to equate at par with risks posed by pandemics and nuclear war.

Fortune

U.S. CEOs like Jamie Dimon and Elon Musk travel to China as Sino-American relations worsen

Some of America's top business leaders are visiting China this week, even after the G7 called for a strategy to diversify away from China.

The Independent UK

China's industry minister, Tesla's Musk meet, discuss electric cars

China’s industry minister has met Tesla Ltd

Salon

DeSantis shields Elon Musk's SpaceX

An unmanned SpaceX rocket exploded last month, resulting in catastrophic environmental damage

Zenger

Elon Musk’s Reminder On Excesses That Led To 2008 Housing Market Collapse

Tesla CEO Elon Musk warned about a risk that looms large for the housing market, repeating a thought he expressed a year ago

ABC News

ASX tumbles as China slows and inflation rises to 6.8pc, Philip Lowe says interest rate hikes are working — as it happened

The Australian share market falls to a two-month low after China's manufacturing industry contracts and hotter- than-expected inflation raises the chances of a RBA rate increase next month. And RBA governor Philip Lowe faces a grilling at Senate Estimates.

Fortune

AOC accuses Elon Musk of 'boosting' a fake Twitter account impersonating her

Fake Twitter accounts have been spreading since Musk's policy changes. Not even government figures are safe.

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Alexandria OcasioCortez

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