Author: elonmusk

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Andrew and Peggy Cherng made their billions from food court stalwart Panda Express, which they founded in 1983. The Cherngs have since broadened beyond the chain’s iconic orange chicken, investing in the likes of Just Salad, Whataburger and Bojangles. It’s natural for entrepreneurs to gravitate to the industries that made them rich, but the Cherngs have diversified their fortune. In 2016, they hired two leveraged finance…

SpaceX has released a video commemorating the amazing successes of its 2018 Hyperloop Pod Competition at the same time as it’s opened up registration for next year’s follow-up competition, paving (pipelaying?) the way for another throwdown that will seek to once again crown victorious the student team with the fastest pod. With any luck to next year’s competitors, one or several of those 2019 entrants may once more smash the 2018 world speed record, faster than any production car in history at a whiplash-triggering 467 km/h (290 mph). With that 290 mph top speed confirmed after WARR’s third 2018 pod…

A federal judge early Saturday blocked Elon Musk’s Department of Government Efficiency from accessing Treasury Department records that contain sensitive personal data such as Social Security and bank account numbers for millions of Americans.U.S. District Judge Paul A. Engelmayer issued the preliminary injunction after 19 Democratic attorneys general sued President Donald Trump. The case, filed in federal court in New York City, alleges the Trump administration allowed Musk’s team access to the Treasury Department’s central payment system in violation of federal law.The payment system handles tax refunds, Social Security benefits, veterans’ benefits and much more, sending out trillions of dollars…

Big Tech’s historic gains could be affecting your portfolio’s makeup — especially if your goal is diversification.Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla.”Those Mag Seven stocks are very expensive right now,” Davi said told CNBC’s “ETF Edge” this week. “You should rotate your portfolio, and rotate into other things beside ‘Mag Seven’ stocks.”Davi thinks he has a product to help long-term investors. His firm is behind the Astoria US Equity Weight Quality Kings ETF (ROE). According…

President Donald Trump on Friday signed an executive order cutting all foreign aid to South Africa, citing concerns about the country “seizing” ethnic minority Afrikaners’ agricultural property without compensation.Trump alleged South Africa’s recently enacted Expropriation Act 13 of 2024 “dismantles equal opportunity in employment, education, and business.”The order notes “hateful rhetoric” and government actions have been “fueling disproportionate violence against racially disfavored landowners.” South Africa President Cyril Ramaphosa, left, and U.S. President Donald Trump. Trump has criticized South Africa’s new land laws. (Evan Vucci/AP/RAJESH JANTILAL/AFP via Getty Images)SOUTH AFRICAN PRESIDENT SIGNS CONTROVERSIAL LAND SEIZURE BILL, ERODING PRIVATE PROPERTY RIGHTS South African…

Mistral released iOS and Android apps for its Le Chat artificial intelligence (AI) assistant on Thursday. The Paris-based AI firm’s chatbot was earlier available only as a web client but is now being pushed across more platforms. Powered by Mistral’s large language models (LLMs), Le Chat can answer general queries, perform web searches, accept multimodal input, generate images, and execute code in a sandboxed environment. Additionally, the company has also introduced two new subscription tiers for its chatbot, offering better AI models and higher rate limits.Mistral Releases Le Chat Apps for iOS and AndroidIn a newsroom post, the AI firm announced…

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The…

Tesla has increased the price of both of its Model X trims by $5,000. The company made the move late Thursday evening, marking the first time the flagship vehicle has seen a bump in price since the middle of last year. The increase now puts the trims over the $80,000 limit for the Federal EV Tax Credit of $7,500. The two trims of the Model X now cost $84,990 and $99,990 for the All-Wheel-Drive and Plaid builds, respectively. 🚨Tesla has increased the price of the Model X by $5,000 in the U.S. – All-Wheel-Drive – $84,990-Plaid – $99,990 pic.twitter.com/7rdOtMcYqb —…

It appears that some notable Tesla Cybertruck accessories, such as off-road armor and rockers, are poised to be released in the coming months.  The update was shared on social media platform X by a member of the Tesla Cybertruck team. The update: With the launch of the new Model Y “Juniper” in the United States, several members of Tesla’s leadership took to social media to support the revamped all-electric crossover.These included Cybertruck Vehicle Program Manager Siddhant Awasthi, who noted that the new year is a good time for a new Model Y.Being part of the Cybertruck team, some users on…

TAMPA, Fla. — The Federal Communications Commission looks set to launch a process to review new uses for upper C-band satellite spectrum at its first open meeting under Chairman Brendan Carr Feb. 27, potentially setting up a battle between SpaceX and U.S. wireless carriers.Carr announced Feb. 5 that the regulator plans to vote this month on launching a notice of inquiry into opening up the 3.98-4.2 gigahertz (GHz) band “for more intensive use,” kickstarting a formal process for these sought-after frequencies.The move follows the FCC’s decision to repurpose lower C-band spectrum (3.7-3.98 GHz) for terrestrial 5G services, generating over $80…