On Tuesday afternoon, Tesla CEO Elon Musk was interviewed at Giga Texas (Austin) by CNBC's David Faber on 'Power Lunch.' Given Musk rarely provides interviews to financial media outlets, we felt it was useful to include what we believe to be some of the more impactful messages (including some direct quotes from the transcript) along with our perspectives for what we believe matters most to Tesla. In the words of Mike Wilson (Morgan Stanley Chief Equity Strategist)... "let's get after it." | M May 21, 2025 0 ...

Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC.Sen. Jeanne Shaheen urged President Donald Trump on Wednesday to require billionaire Elon Musk and special government employees of his DOGE project to certify before leaving government service that they cannot use for personal benefit any non-public government data they gained access to.Shaheen, ...

After delivering Tesla Inc TSLA investors a jaw-dropping 531% return over the past five years, its CEO Elon Musk is committing to steer the EV giant for another five.In a video interview at Bloomberg's Qatar Economic Forum, as reported by CNBC, Musk confirmed his intent to stay as Tesla CEO, citing a desire for "reasonable control" over the company's future. His statement follows concerns from some investors over his time spent advising President Donald Trump's Department of Government Efficiency. Musk said ...

Group 1 - Adriatic Metals PLC is in discussions with Dundee Precious Metals Inc regarding a potential full takeover [1] - Adriatic has provided Dundee with access to certain confidential documents to facilitate due diligence [2] - The company has advised shareholders that there is no certainty of a formal bid or its terms, urging them to take no action [3] Group 2 - Dundee has a deadline until 5pm London time on June 17 to either make a formal bid or withdraw from discussions [3] - The 28-day period for Dundee to act is known as a "put up or shut up" period, which can only be extended with mutual consent [3]

Elon Musk said Tesla's robotaxis will be limited to certain parts of Austin and avoid intersections the company deems unsafe after the CEO was asked on TV about Business Insider's reporting on a critical error made by Tesla's Full Self-Driving Supervised software. In a May 17 story, two BI reporters took rides in a Waymo and a 2024 Tesla Model 3 equipped with the latest FSD software to compare both companies' autonomous driving technologies. Toward the end of the test, Tesla's FSD ran a red light at a comp ...

Elon Musk on Tuesday dismissed a hypothetical Tesla-Uber deal, saying there's "no need" for Tesla to buy the ubiquitous rideshare app. Musk told CNBC that he envisions a world where, instead of calling an Uber, you can call an autonomous Tesla to get you to your destination without a dedicated driver."We have millions of cars that will be able to operate autonomously," Musk told CNBC's David Faber. "And I should say that it's a combination of a Tesla-owned fleet and also enabling Tesla owners to be able to ...

Core Insights - Tesla is set to begin its robotaxi service trials in Austin, Texas, next month, focusing on specific areas deemed "the safest" by the company [1] - The company will implement a geofence strategy, limiting the robotaxi operations to certain locations, marking a shift from Musk's previous claims of a general-purpose self-driving solution [2][3] - Initial operations will involve around 10 Model Y SUVs equipped with "unsupervised" Full Self-Driving software, monitored remotely by Tesla employees [4] Group 1 - The robotaxi service will initially be restricted to specific safe areas in Austin, Texas [1] - Tesla's approach includes a geofence, indicating a significant change in strategy from earlier claims of universal self-driving capabilities [2] - The company plans to monitor the initial fleet remotely, starting with a small number of vehicles to ensure safety before scaling up [4] Group 2 - Musk emphasized a cautious approach, stating that the vehicles will avoid intersections unless there is high confidence in their performance [2] - The use of remote monitoring aligns with practices seen in other autonomous vehicle companies, such as Waymo, which also employs operational centers for oversight [5]

Core Viewpoint - Tesla is set to begin testing its robotaxi service in Austin, Texas, by the end of June, with plans to scale up from 10 self-driving cars to about 1,000 within a few months, despite facing regulatory scrutiny regarding safety [1][4][5]. Group 1: Robotaxi Deployment - The initial deployment will focus on the safest parts of Austin, utilizing geofencing to limit operations [2]. - A successful trial is critical for Tesla as the company shifts focus from developing a new cheaper EV platform to launching the robotaxi service and its Optimus humanoid robots [5][8]. - Tesla is in discussions with major automakers to license its Full Self-Driving (FSD) software, which is expected to be integral to the robotaxi service [9]. Group 2: Regulatory Scrutiny - The National Highway Traffic Safety Administration (NHTSA) is investigating Tesla's FSD software due to collisions in reduced visibility conditions, raising questions about the safety of the upcoming robotaxi service [6][8]. - The NHTSA has requested information from Tesla regarding the performance of its robotaxis in poor weather conditions [8]. Group 3: Market Context - Tesla's stock saw a slight increase of less than 1% during afternoon trading, reflecting market sentiment amid the company's strategic pivot [4]. - The commercialization of autonomous vehicle technology remains challenging due to stringent regulations and significant investments, leading to many companies exiting the market [6].

Tesla's head of finance received a pay package that amounted to more than most chief executives.  Vaibhav Taneja's pay package last year notched more than $139 million, which was tied to stock options and equity awards, according to a regulatory filing. The figure eclipsed the total compensation that a handful of CEOs at the largest companies by revenue took home, according to Equilar. Equilar's Equilar 100 report includes the largest pay packages awarded to CEOs from U.S.-based or listed companies with mor ...

Elon Musk is reaffirming his commitment to leading Tesla, telling investors and critics alike that he has no plans to step away from the electric vehicle maker anytime soon — despite a rocky stretch for the company of late.Speaking remotely at Bloomberg’s Qatar Economic Forum on Tuesday, Musk said he expects to remain Tesla’s chief executive for at least another five years, even as his leadership has come under renewed scrutiny amid falling sales and public backlash.Musk told the gathering that he wants to ...