A decade ago, Tesla told customers that all new cars had the hardware needed to drive autonomously.
Some people believed them. Now they're seeking a reckoning.
www.wsj.com/business/aut...
Tesla is gearing up for production of the Cybercab, a car with no steering wheel, pedals or mirrors. At its Giga Texas factory, workers are prepping the assembly line to make hundreds of Cybercabs per week. www.wsj.com/business/aut...
Thrive Capital and A16Z are leading a new investment in Anduril that values the company at $60 Billion.
New w/ @kateclark.bsky.social
www.wsj.com/business/ent...
psyche!
Love to hard launch a news cycle
Took a break from *all that* to visit Utah and talk to filmmakers about the future of their craft. My dispatch from the Sundance Film Festival its last year in Park City:
www.wsj.com/arts-culture...
Lends more credence to this @beckpeterson.bsky.social joint from 2020
www.businessinsider.com/jeffrey-epst...
In other news
In 2050, Adam Jonas expects to see dozens of drones buzzing past his Time Square office. The streets will be filled with AVs. Homes will be filled with bots. He forecasts $25 trillion in annual sales.
I profiled Jonas, the man betting his reputation on a robotic future.
www.wsj.com/tech/profile...
Tesla is officially post-Sustainable Abundance. Pour one out for the copywriters forced into this alliteration by a Musk tweet.
Tesla sales are falling, BYD has taken the lead at the world's largest EV maker, and Elon Musk thinks enough people will want personal humanoid robots to make up for the company's swiftly declining automotive revenue. My story on Tesla's Optimus robot program:
www.wsj.com/tech/elon-mu...
Update: valued at $139 billion.......
Delaware Supreme Court has ruled that Musk gets his 2018 pay package, now valued at more than $126 billion.
www.wsj.com/business/aut...
Headline: Help! My Husband Wants a Fake Christmas Tree That Looks Like a Cybertruck
Wasn’t this a plot point in I Have No Mouth and I Must Scream?
Our client does not wish to be described!
xAI is raising $15 billion at a $230 billion valuation, Berber Jin and I reported last night. That's twice its last disclosed valuation from March.
www.wsj.com/tech/ai/elon...
It was 2012 and Epstein's people were negotiating strict terms for their investment in Jawbone (via a fund called Mort). By 2017, the company shut down.
www.businessinsider.com/jawbone-shut...
Inside the files is an email exchange between Epstein and Osborne on top of a forwarded thread with discussion about that investment. (Though it's not clear that it definitely happened.)
When I profiled Ian Osborne in 2021, there was one detail I couldn't quite get ready for print. We heard he had some sort of investment-related relationship with Epstein. Osborne aggressively denied it.
www.businessinsider.com/profile-ian-...
Obsessed with a very niche aspect of the Epstein files: Epstein's apparent investment in failed startup Jawbone!
Fall asleep to the soothing sound of me explaining Elon Musk's path to trillionairedom.
www.wsj.com/podcasts/the...
To get $1 trillion, or another 12% stake in Tesla, the company will need to sell 1 million robots and sustain an adjusted Ebitda/profits of $400 billion.
But he can earn plenty of shares along the way by selling more cars and Full Self-Driving subscriptions, or hitting lower
Ebitda targets.
We're hours away from the Tesla annual meeting where shareholders will decide whether to grant Musk a comp package worth up to $1 trillion. We laid out that path to $1 trillion here:
www.wsj.com/business/aut...
When Elon Musk left DOGE in May, Tesla investors hoped he would hurry back to headquarters. Instead, Musk holed up at xAI to try and catch up with OpenAI.
Read our deep dive into the fight for Musk's time ahead of Tesla's vote on his proposed $1 trillion pay package.
www.wsj.com/tech/musk-te...
