Archive for the ‘Elon Musk’ Category

Mandy Patinkin Trolls Elon Musk With The Perfect ‘Princess Bride’ Quote – HuffPost

Actor Mandy Patinkin is famous for playing swordsman Inigo Montoya in the 1987 classicThe Princess Bride.

On Wednesday, he proved he also has a rapier wit, which he aimed towardElon Musk on Twitter.

Patinkins jab at Musk happened in reference to an interview the eccentric billionaire gave to CNBCwhere he used one of Montoyas famous lines to justify makingcontroversial and sometimes false comments on Twitter even if it scares away advertisers.

You know, Im reminded of. Theres a scene in The Princess Bride great movie where he confronts the person who killed his father and he says, Offer me money, offer me power, I dont care, Musk told his interviewer, David Faber.

So you just dont care? Faber asked.

Ill say what I want to say and if the consequence of that is losing money, so be it, Musk responded.

Patinkin apparently thought Musk was missing the point, so on Wednesday, he responded to a tweet about the CNBC interview with another very famous quote from the same film:

I do not think it means what you think it means.

Patinkins tweet received, like The Princess Bride itself, rave reviews.

Patinkin has made other cutting comments recently.

Last week, he picketed outside Warner Bros. Discoverys offices in New York amid the high-profile strike among TV and film writers, and carried a sign inspired by another one of his famous quotes from the film.

The sign read, You Killed Residuals Prepare To Pay! a reference to his line in the 1987 classic: Hello, my name is Inigo Montoya. You killed my father. Prepare to die.

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Mandy Patinkin Trolls Elon Musk With The Perfect 'Princess Bride' Quote - HuffPost

Tesla’s Elon Musk expects ‘a year of difficulty’ for the global economy – MarketWatch

Tesla Inc. Chief Executive Elon Musk said late Tuesday he foresees a year of difficulty for the global economy, with lots of companies going bankrupt, and said that the EV maker will not be immune to the downdraft, even as he teased two new products for Tesla in the future.

Its is going to be a challenging 12 months, and Tesla is not immune to the global economic environment, Musk said at the Tesla TSLA shareholder meeting in Austin, Texas, where he spoke for nearly two hours on a wide range of topics.

The macroeconomic environment will be difficult for at least the next 12 months, Musk said. A turnaround, however, would come in the following 12 months, and long-term investors in Tesla will do extremely well, he said.

A shareholder in the audience asked about rumors that Musk would be about to step down as CEO, ending with say it aint so. Musk responded with it aint so, but offered no further details.

The executive also surprised the audience by saying that Tesla, which famously has eschewed traditional advertising, will now do it. We will try advertising and see how it goes, he said.

Musk teased two new products to be unveiled in the future, and promised more details at a yet-to-be-detailed launch event. The unnamed products would be head and shoulders above anything else currently in the market, he said.

Tesla has been working on a next-generation vehicle that would be cheaper than its current offerings, but nothing has been detailed.

Musk promised a revamp for the Tesla Roadster in 2024, although he said that wasnt a firm commitment. A new Roadster will not be a huge contributor to revenue, but it will be sick, he said.

The CEOs remarks were largely upbeat, to the applause of the shareholders at the event. Musk also spoke about autonomous driving and Teslas plans for alternative energy, and confirmed the Cybertruck, Teslas electric pickup truck which has been delayed a couple of times, is on track to be sold this year.

We will make as many as people want them eventually, but the production ramp will be slow at first, he said.

See also: Rivian, Lucid and Fisker navigate a treacherous road as they struggle to match Teslas success

Earlier, a preliminary tally indicated that shareholders voted yes on the proposals endorsed by the company, including approving the nomination of former Chief Technology Officer JB Straubel to the board.

Some shareholders had questioned Straubels nomination, saying that Teslas board already had too many ties with Musk.

A failed proposal, which had been introduced in previous years and called for a third-party audit into Teslas cobalt supply chain to prevent child and forced labor, ended up being embraced by Musk.

You know what, we will do a third-party audit, although he said that Tesla products dont use that much cobalt.

Tesla shares gained 1.2% in after-hours trading. So far this year, Tesla has gained 35%, compared with gains of around 7% for the S&P 500 index SPX .

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Tesla's Elon Musk expects 'a year of difficulty' for the global economy - MarketWatch

Elon Musk is asking a panel of judges if he can ditch his court-ordered Twitter Sitter for Tesla-related posts saying it chills his free speech -…

A lawyer for Elon Musk asked a federal appeals court in New York to throw out his 2018 agreement with US regulators requiring a Tesla Inc. lawyer to screen all his company-related Twitter posts, calling it an illegal limitation on his free-speech rights.

Musk, Teslas chief executive officer and now the owner of Twitter Inc., has claimed that the agreement with the US Securities and Exchange Commission violates the First Amendment to the Constitution and that the SEC is harassing him.

The requirement chills Mr. Musks speech, limiting his ability to make statements about Tesla that dont violate any securities laws, Ellyde R. Thompson, an attorney representing the Tesla CEO, told the panel.

Last year, US District Judge Lewis Liman refused to release Musk from the deal and end his Twitter Sitter requirement, saying the CEO was simply bemoaning that he felt like he had to agree to it at the time and now wishes that he had not. Liman also denied Musks effort to block an SEC subpoena seeking information on his tweets.

Thompson on Thursday asked a three-judge panel of the federal appeals court in Manhattan to reverse the ruling and throw out the deal, or at least modify it.

The pre-approval provision is a classic prior restraint that the Constitution forbids: a government-imposed muzzle on Mr. Musks speech before it is made, Musks legal team said in court papers.

Musk has been battling with the SEC over his social media posts since he tweeted in 2018 that he had funding secured to take Tesla private, sending shares of the electric-car maker surging. The regulator sued, claiming Musk and Tesla had misled shareholders. Musk and Tesla settled with the SEC, with each paying $20 million and agreeing that Musks Tesla-related tweets would be reviewed before he posts them.

In his decision, Liman ruled that Musk willingly waived his First Amendment right to tweet without restraint, a finding Musk denied in his appeal brief.

Mr. Musk could not possibly have known the circumstances and consequences of the pre-approval provision because the provision applies to future speech about circumstances no one could anticipate in advance, his lawyers wrote. But even if he did waive his rights, such a waiver is invalid and unenforceable, they said.

Jeffrey Berger, arguing for the SEC, told the judges there have been no significant changes since Musk agreed to screen his Tesla tweets and that the CEO had failed to show the deal has become onerous or unworkable.

Those are the terms to which he agreed, Berger said.

Musk may no longer wish to comply with the preapproval process, and he may find it inconvenient at times, but he agreed to its terms and has not demonstrated any change in circumstances that makes it substantially more onerous or unworkable, the SEC said in its appeal brief.

The regulator called Musks harassment claim a significant exaggeration.

There is no government censor here, Berger told the panel. There is an agreement that Tesla will review its CEOs communications before they become public. The agreement here does not preclude him from speaking about any topic.

The case is US Securities and Exchange Commission v. Musk, 22-1291, Second US Circuit Court of Appeals (Manhattan).

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Elon Musk is asking a panel of judges if he can ditch his court-ordered Twitter Sitter for Tesla-related posts saying it chills his free speech -...

Elon Musk says hes found a new CEO to lead Twitter – PBS NewsHour

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. Photo by Mike Blake/REUTERS

Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it's now called and it's a woman. He did not name her but said she will be starting in about six weeks.

Musk,who bought Twitter last fall and has been running it since, has long insisted he is not the company's permanent CEO. The Tesla billionaire said in a tweet Thursday that his role will transition to being Twitter's executive chairman and chief technology officer.

In mid-November, just a few weeks after buying the social media platform for $44 billion, he told a Delaware court that he does not want to be the CEO of any company.

While testifying, Musk said "I expect to reduce my time at Twitter and find somebody else to run Twitter over time."

More than a month later, he tweeted in December: "I will resign as CEO as soon as I find someone foolish enough to take the job."The pledge came after millions of Twitter usersasked him to step down in a Twitter poll the billionaire himself created and promised to abide by.

In February, he told a conference he anticipated finding a CEO for San Francisco-based Twitter "probably toward the end of this year."

READ MORE: Twitter quietly removes policy against deadnaming transgender people

Analysts who follow Twitter's business welcomed the news even without knowing who the replacement will be. Twitter's advertising business has taken a hit under Musk's mercurial rule, though the billionaire told BBC last month that the company is now "roughly" breaking even.

"A new CEO is the only way forward for Twitter," said Insider Intelligence analyst Jasmine Enberg. "The single biggest problem with Twitter's ad business was Elon Musk. As he steps back, Twitter can begin to unravel Musk's personal brand from the company's corporate image and attempt to regain trust among advertisers. The success of those efforts will depend on who takes over, but it's difficult to imagine that the new CEO could be more controversial or damaging to Twitter's ad business than Musk has been."

Shares of Tesla rose about 2 percent Thursday after Musk made the announcement. Shareholders of the electric car company have been concerned about how much of his attention is being spent on Twitter.

Last November, he was questioned in court about how he splits his time among Tesla and his other companies, including SpaceX and Twitter. Muskhad to testify in the trial in Delaware's Court of Chanceryover a shareholder's challenge to his potentially $55 billion compensation plan as CEO of the electric car company.

Musk said he never intended to be CEO of Tesla, and that he didn't want to be chief executive of any other companies either, preferring to see himself as an engineer. Musk also said at the time that he expected an organizational restructuring of Twitter to be completed in the next week or so. It's been nearly six months since he said that.

Musk's tenure at Twitter's helm has been chaotic, and he's made various promises and proclamations he's backtracked or never followed up on. He began his first day firing the company's top executives, followed by roughly 80 percent of its staff. He's upended the platform's verification system and has scaled back content moderation and safeguards against the spread of misinformation.

Bantering with Twitter followers late last year, Musk expressed pessimism about the prospects for a new CEO, saying that person "must like pain a lot" to run a company that "has been in the fast lane to bankruptcy."

"No one wants the job who can actually keep Twitter alive. There is no successor," Musk tweeted at the time.

Left: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. Photo by Mike Blake/REUTERS

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Elon Musk says hes found a new CEO to lead Twitter - PBS NewsHour

Tucker Carlson Beats BTSAnd Taylor Swift, Elon MuskOn Twitter – Forbes

Topline

Tucker Carlsons video announcement earlier this week he would host a show on Twittertwo weeks after the former controversial Fox News host was ousted by the networkbecame the top-performing post on Twitter for the week, beating out Taylor Swift, Elon Musk and others.

Carlsons tweet Tuesdaywhich reads, Were backhas accumulated more than 194,000 retweets and 891,500 likes as of 2:30 p.m. EST Saturday, the most in either category for the week ending on May 13.

Carlson, who parted ways with Fox News after 14 years, announced the return of his primetime news show on the platform with a video accompanying the tweet, suggesting there are limits to the stories that can be told on TV.

The tweet outperformed K-Pop superstars BTSa photo of member Min Yoon-giwhich totaled over 176,600 retweets and 530,600 likes, though the post has been up for less than 24 hours.

Carlson also beat out Taylor Swift, who periodically posted updates from her Eras Tour, with her most-liked post totaling more than 56,000 retweets and 463,400 likes.

Twitter CEO Elon Musk also fell below Carlson, with a tweet announcing Twitters new CEONBCUniversal executive Linda Yaccarinototaling over 36,100 retweets and 408,000 likes.

1,088,201. Thats how many likes Swift received for a tweet announcing a re-recording of her 2010 album Speak Now, as the top-performing tweet last week.

Despite Carlsons announcement, Musk tweeted the social media platform had not signed a deal of any kind whatsoever with Carlson, adding, Tucker is subject to the same rules & rewards of all content creators.

Carlson, who was promoted to Fox News primetime slot in 2016 after first joining the network in 2009, agreed to part ways with the company late last monththough it has since been confirmed through multiple accounts that he was fired from the network. A text message sent by Carlson to one of his shows producers describing a video of three Trump supporters attacking a personnoting he thought it was dishonorable obviously and that was not how white men fightset off a panic among Foxs leadership, according to the New York Times. Carlson also wrote he was rooting for the mob against the man, hoping theyd hit him harder, kill himI could taste it. The message prompted an investigation by an outside law firm into Carlsons conduct, which resulted in his dismissal from the network. Carlson was previously criticized for promoting white supremacist beliefswhich Carlson suggested was not a real problem in the U.S.causing the Anti-Defamation League to condemn him 2021.

Tucker Carlson Will Launch Show On Twitter (Forbes)

Tucker Carlsons Not How White Men Fight Text Led To Firing, Report Says (Forbes)

Tucker Carlson Suddenly Out At Fox News (Forbes)

I cover breaking news for Forbes. Before Forbes, I worked as a reporter for USA Today in Asheville and Black Mountain, North Carolina.

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Tucker Carlson Beats BTSAnd Taylor Swift, Elon MuskOn Twitter - Forbes