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Category: Elon Musk – Page 93

With his Twitter takeover set to be completed this week, Elon Musk has outlined some of his vision for the social media giant. Speaking on Twitter (where else?) Musk claimed that he didn’t buy Twitter for financial gain, but he do so to “try to help humanity.”

Addressing his message to advertisers on the platform, the multi-billionaire said he believes “the relentless pursuit of clicks” has ultimately resulted in the extreme political polarization we see around the world today. While this is good for profits, Musk argues, it results in meaningful dialogue being lost.

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Mr. Musk, who runs Tesla and SpaceX, visited Twitter’s San Francisco headquarters on Wednesday and tweeted a nine-second video of himself smiling and carrying a porcelain sink into the building.

“Entering Twitter HQ — let that sink in!” he wrote.

The world’s richest man arrived at Twitter’s San Francisco offices on Wednesday ahead of a Friday deadline to complete the acquisition of the social media service.

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Tesla is rumored to be looking to invest in Nuevo Leon, a Mexican state bordering Texas, as CEO Elon Musk meets with the governor.

Earlier this year, people crossing the border between Texas and Nuevo Leon were surprised to see not just the usual marked lanes for cars and trucks but also one marked “Tesla” – pictured above.

We ended up finding out that Tesla had struck a deal with the state of Nuevo Leon to have its own lane at the border crossing in order to reduce wait times for cargo going through the border. Or at least that was the explanation of Ivan Rivas, the economy minister of Nuevo Leon.

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The ongoing saga between Elon Musk and Twitter is set to come to an end this week as he needs to finalize the purchase by October 28th, 2022.

The latest update on Elon Musk’s plan to buy Twitter is that this week could be a turning point. It may even see the deal finally sealed.

In case you don’t know, Elon Musk is currently attempting to finalize his purchase of the Twitter site for $54.20 a share. He made this offer in April and even came close to getting an eight percent discount though that didn’t materialize, according to Business Insider.

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Elon Musk Reveals Secret DOJO Computer at Tesla AI Day.
#teslanews #teslaai #elonmusk.

During AI Day, the Tesla CEO was the first person to confirm the existence of the ‘Dojo’ program: “We do have a major program at Tesla which we don’t have enough time to talk about today called ” Dojo”. That’s a super powerful training computer. The goal of Dojo will be to be able to take in vast amounts of data and train at a video level and do massive unsupervised training of vast amounts of video with the Dojo program – or Dojo computer.”
In June 2020, Elon Musk tweeted, “Dojo, our training supercomputer, will be able to process vast amounts of video training data & efficiently run hyperspace arrays with an enormous number of parameters, plenty of memory & ultra-high bandwidth between cores.

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Tesla CEO sees Twitter as a ‘bloated’ organization, employing far more people for its revenues.

Elon Musk’s Twitter takeover has entered an interesting stage where he can sit down with the company’s lawyers and iron out a deal. However, the deal could see 5,000 employees facing the axe at Twitter, Washington Post.

Difficult times at Twitter.

Heisenberg Media/ Wikimedia Commons.

Twitter currently employs 7,500 workers, and documents accessed by the media outlet show that Musk plans to trim down the workforce by as much as 75 percent, down to a skeleton staff of just 2,000. In internal Slack channels, employees have reacted to this news with anger, WaPo reported.

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The first in the world to do so.

Researchers at the North University of China have successfully completed the test of a Hyperloop-like train system that runs trains in a low vacuum environment inside a tube, local news outlet, China Daily.

In theory, the system can be used for transporting people as well as goods and consists of long tubes that maintain a low vacuum to allow transport with minimal air resistance.

Zhejiang Geely Holding Group.

Hyperloop is the name given to a high-speed transit system that was popularized by Tesla CEO Elon Musk in 2012. A year later, Musk also released a white paper that conceptualized such a system running between Los Angeles and San Francisco in the U.S.

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That’s what Musk announced during Tesla’s Q3 2022 earnings call.

The third vehicle platform for Tesla, following the big one supporting the Model S and X and the small one supporting the Model 3 and Y, has received new information from company CEO Elon Musk.

Customers, investors, and Tesla supporters have been anticipating the company’s introduction of a new vehicle that will be less expensive than the current models for some time.

Tesla.

The cost and labor involved in manufacturing Tesla’s new vehicle platform will be significantly reduced. The company added that it will produce more than all of its other existing vehicles put together.

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Elon Musk made a bold prediction during Tesla’s Q3 2022 earnings call stating that Tesla would grow to become an enormous company by the end of this decade.

Tesla CEO Elon Musk dazzled and entertained listeners during the call, which was full of jokes and ambitious goals. That’s when he made the bold statement that Tesla could surpass both Apple and Saudi Aramco’s market cap in the future.

Back in 2017, Elon Musk said Tesla would exceed Apple’s market cap of $700 billion in just a few years. Tesla did just that back in 2020 during its glorious bull run and hit the $1 trillion mark during the height of the 2021 stock market bull run.

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