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Category: Elon Musk – Page 46

Morgan Stanley released a report Monday, predicting a semiconductor-driven hopeful outlook for Musk’s company.

Tesla’s shares were up 9.5 percent yesterday. But what drove them up?

The investment banking firm issued a research note that upgraded the Elon Musk-owned automotive company’s rating from ‘equalweight’ to ‘overweight’ with a price target of $400 from a prior price target of $250. An ‘overweight’ rating means that the analysts, in this case Morgan Stanley (MS), expects Tesla’s stock to outperform its industry in the market.

Wikimedia Commons.

A Morgan Stanley research report.

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Musk, Zuckerberg, Altman, Gates, and Huang were in attendance.

US lawmakers met with the who’s who of the tech industry on Wednesday to discuss regulations for artificial intelligence and potentially work towards a law that protects US citizens from the dangers of the technology.

In attendance were Tesla CEO Elon Musk, Meta CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, NVIDIA CEO Jensen Huang, Microsoft CEO Satya Nadella, IBM CEO Arvind Krishna, former Microsoft CEO Bill Gates, and AFL-CIO labor federation President Liz Shuler, reported Reuters.

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SpaceX’s Starship can seemingly get Federal Aviation Administration (FAA) clearance for its second flight test as early as next month.

What Happened: “We’re working well with them and have been in good discussions. Teams are working together and I think we’re optimistic sometime next month,” Acting FAA Administrator Polly Trottenberg said on Wednesday, as reported by Reuters.

Earlier this week, CEO Elon Musk confirmed that SpaceX has implemented all the fixes demanded by the FAA for Starship ahead of its second flight test.

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During a conference this week, Tesla CEO Elon Musk reiterated claims that the Full Self-Driving (FSD) beta is nearing higher levels of autonomy. The statements echo recent details learned from previews of a new Musk biography, highlighting the FSD system’s many developments in the last several months alone.

Musk was featured in an interview during the All-In Podcast’s 2023 Summit held on Wednesday, during which he discussed topics like Starlink, X, China, artificial intelligence, and more. Among the topics covered was a brief outro on the FSD beta, which he says is “very close” to becoming safer than a human driver without being monitored.

“Yeah, I think it’s getting very close to being in a situation where, even if there’s no human oversight or intervention, that the probability of a safe journey is higher with FSD and no supervision — like even if you’re asleep in the car — than if a person is driving. We’re very close to that,” Musk said on a video call into the summit.

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Elon Musk wrote “congrats to SpaceX” on completing the corrective actions required by the FAA to fly Starship again.

SpaceX is all set to launch its fully-stacked Starship rocket once again. The private space firm launched Starship for the first time on April 20 for a test flight that ended with the massive launch system spinning out of control and exploding after the ground team triggered a manual termination.

Since then, the US Federal Aviation Authority has conducted a mishap investigation into the first test flight that outlined 63 changes SpaceX must make to Starship and its launch infrastructure before it can fly again.

SpaceX / X

The private space firm launched Starship for the first time on April 20 for a test flight that ended with the massive launch system spinning out of control and exploding after the ground team triggered a manual termination.

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PARIS – Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step to the company improving its profitability.

“We were subsidizing terminals but we’ve been iterating on our terminal production so much that we’re no longer subsidizing terminals, which is a good place to be,” Jonathan Hofeller, SpaceX vice president of Starlink and commercial sales, said during a panel at the World Satellite Business Week conference.

SpaceX sells consumer Starlink antennas, also known as user terminals, for $599 each. For more demanding Starlink customers – such as mobile, maritime, or aviation users – SpaceX sells antennas with its service in a range from $2,500 to $150,000 each.

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