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Musk has so far has disposed of more than 4.5 million shares this week — his first sales in more than five years.
Tesla’s fall started when Musk asked his Twitter followers whether he should sell 10% of his stake in the company, followed by news that his brother sold shares just before the poll.
In a Twitter poll that Musk launched Saturday, a majority of 3.5 million Twitter users — 58% — voted in favour of the share sale.
Musk has broken the mould of being a modern CEO and gotten away with it — be it smoking marijuana on a podcast, pushing a departing executive or being sued for securities fraud.
The surge in Musk’s net worth is powered by an order of 1 lakh Tesla vehicles from US-based car rental company Hertz, which sent electric vehicle giant’s shares surging by 13% Monday.
Musk's wealth jumped by $36.2 billion following a surge in Tesla’s stock price after Hertz Global Holdings ordered 100,000 cars.
To build good AI, programmers need to spend the vast majority of their time on data — a dull, difficult & therefore neglected work. The result is error-riddled data sets in AI systems.
As a researcher who studies ethical use of emerging tech, I find the Tesla Bot raises concerns that transcend sci-fi fears of super-smart robots.
The Ministry of Heavy Industries also asked Tesla for its thoughts on importing fully built cars versus partially built vehicles, which attract a lower import levy.
India's protectionist instincts have kept out international auto companies for decades. It now needs its own holistic model that touches on auto parts & consumer incentives for EVs.