Elon Musk, the CEO of Tesla, has acquired nearly $1 billion worth of shares in the electric vehicle maker.
Following this announcement, Tesla’s stock surged by over 8% in pre-market trading on Monday.
As Tesla shifts its focus from solely electric vehicle production to becoming a technology powerhouse, the company is racing to achieve ambitious goals in Robotaxis, Artificial Intelligence, and Robotics. By December, Musk held approximately 13% of the company, according to data from LSEG.
On Friday, Musk purchased 2.57 million shares in open market transactions, with prices ranging from $372.37 to $396.54 per share.
Tesla’s shares increased by over 7% on Friday, building on strong gains from the previous session. Despite a year-to-date decline of around 2%, the stock is poised to achieve profits for the third consecutive session if pre-market trends hold steady.
Musk has persistently sought greater ownership interests, enhanced voting power at Tesla, and has threatened to develop AI and robotics ventures outside of Tesla unless he secures 25% voting power.
Earlier this month, Tesla’s board proposed a trillion-dollar compensation package for Musk, even amidst challenges posed by intense competition and declining electric vehicle demand.
On Friday, Robin Denholm, the board chair, downplayed concerns that Musk’s political engagements were negatively impacting sales, asserting that the billionaire had returned to being “front and center” within the company following his time in the White House.
Musk’s political involvement and public disagreements with Donald Trump have placed pressure on the company’s stock this year, raising investor concerns about potential distractions and declines in sales.
Tesla stocks are poised for a significant decline in the US, as investors worry that Elon Musk might introduce more challenges for electric vehicle manufacturers by potentially launching a new political party.
On Monday, Tesla shares dropped over 7% in pre-market trading, which could erase approximately $70 billion (£51 billion) from the company’s market capitalization at the Wall Street opening.
Should the stocks decrease significantly, Musk’s net worth could fall by more than $9 billion, bringing it down to around $120 billion. According to Forbes, Musk, along with the head of SpaceX, ranks among the wealthiest individuals globally, with a combined fortune of about $400 million.
Tesla’s stock, currently valued at just under $10, is experiencing downward pressure largely due to Musk’s relationships with both the company and former President Donald Trump.
Musk’s staunch support for Trump has sparked consumer backlash, and the unpredictable nature of his relationship with the former president raises concerns about Musk getting sidetracked from his responsibilities, potentially leading to repercussions for the company.
Wedbush Securities analyst Dan Ives pointed out that Musk’s financial involvement in US political parties could deter investors.
“Musk diving deep into politics and now attempting to establish a Beltway is the opposite direction Tesla investors and stakeholders hope he would take at this critical juncture for the company,” Ives noted, adding that there is a palpable “broader fatigue” regarding Musk’s political endeavors.
On Sunday, Trump criticized Musk’s ambitions, labeling the American Party as a “silly” initiative.
Trump took to Truth Social to express his disappointment over Musk’s new direction, stating: “I’m sad to see Elon Musk go to Rails completely.”
Over the weekend, Musk revealed the formation of the American Party on his X platform, declaring: “We live in a one-party system, not a democracy, which is bankrupting our country with waste and graft. Today, the American Party is formed to restore your freedom.”
Donald Trump represents the forefront of these funding cuts, but the harsh realities of his administration are just part of the narrative. Following a surge in the 2000s, contributions to global health stagnated throughout the 2010s. The landscape of charitable giving has also shifted notably in the era of pledges. The wealthiest individuals globally have committed to donating over half of their fortunes to various causes. After Gates’ divorce in 2021, Melinda eventually departed the foundation to pursue her own philanthropic endeavors. Recently, long-time ally Warren Buffett announced his plan to channel most of his remaining wealth into a charitable trust; his children will manage this, and he will not provide any additional funds to the Gates Foundation beyond his passing. Following a slowdown after the Covid years, this year saw a decline in foreign aid—Mark Suzman, CEO of the Gates Foundation, recently wrote in The Economist about falling aid levels, describing it as “falling off a cliff.”
On the ground, progress has been uneven, particularly in the aftermath of the pandemic emergency, which led to the suspension of many routine vaccination programs, leaving the world’s poorest nations in severe debt distress. While the proportion of the global population living in extreme poverty fell by nearly three-quarters from 1990 to 2014, that progress has stalled since then.
This is the crucial moment to reflect on Gates and his team’s narrative—given the gap between post-pandemic setbacks and the challenges posed by Trump’s policies, the Gates Foundation will emphasize once more the potential of biomedical tools and life-saving innovations in the current development landscape, including advancements in AI. They envision a future where the Gates Foundation is no longer needed. This vision is undeniably attractive. But with the challenges ahead, can it truly be realized?
During two days in late April, I engaged in discussions with Gates about the current state and legacy of his philanthropy, reviewing both accomplishments and setbacks thus far, as well as the challenges yet to come. Below is a revised, condensed account of those conversations, capturing his optimistic, detailed, confident, and at times bold perspective as he describes the coming decades as an “era of miracles,” representing even more fundamental advancements than he has previously cited.
I. “Millions of Additional Child Deaths”
Let’s discuss the current tensions surrounding the Trump administration. It appears that the administration is poised to abandon foreign aid entirely, leaving millions of people and many global institutions in jeopardy. How dire is this situation?
The asteroid called Donald Johansson was captured by NASA’s Lucy spacecraft during a flyby on April 20, 2025. On the closest approach, the spacecraft was at a distance of 960 km (600 miles).
Donald Johansson is a carbonaceous asteroid located in the inner region of the main asteroid belt.
It was discovered by American astronomer Shertebas at the Siding Spring Observatory on March 2, 1981.
Donald Johansson had previously observed a large brightness variation over a 10-day period, so some of the expectations of members of the Lucy team were confirmed when the first image showed what appeared to be an elongated contact binary.
However, researchers were surprised by the strange shape of the narrow neck that connects the two leaves.
“The asteroid Donald Johansson has an incredibly complex geology,” says Dr. Hallevison, principal investigator at Lucy, a researcher at the Southwest Research Institute.
“A detailed study of complex structures reveals important information about the building blocks and collision processes that formed planets in the solar system.”
This image of the asteroid Donald Johansson was taken by Lucy Long Range Reconnaissance Imager (l’lorri) by the closest approach from a 1,100 km (660 miles) range. Image credits: NASA/GODDARD/SWRI/JOHNS HOPKINS APL/NOIRLAB.
From a preliminary analysis of the first available images collected by the spacecraft L’Lorri Imager, Donaldjohanson appears to be larger than originally estimated.
“In this first set of high-resolution images returned from the spacecraft, we cannot see a perfect asteroid because the asteroid is larger than the imager’s field of view,” the scientists explained.
“It takes up to a week for the team to downlink the rest of the encounter data from the spacecraft. This dataset provides a more complete image of the overall shape of the asteroid.”
“The NASA Headquarters researcher, Dr. Tom Staller, a scientist with the Lucy Program,” said:
“When Lucy reaches the Trojan asteroid, the chances that she may truly open a new window into the history of our solar system are immeasurable.”
Lucy’s first asteroid flyby target, Dinkinesch and Donald Johansson, are not the main science targets of the mission.
As planned, Dinkinesh Flyby was testing the mission’s system, but the encounter was a full dress rehearsal, with the team conducting a series of close observations to maximize data collection.
Data collected by Lucy’s other scientific instruments, the L’Ralph Color Imager and infrared spectrometers and L’TES thermal infrared spectrometers, will be acquired and analyzed over the next few weeks.
Lucy spacecraft will spend most of the rest of 2025 traveling through the main asteroid belt.
Lucy will encounter the mission’s first major target, the Jupiter Trojan Novel, in August 2027.
WWhen James Irungu took a new job at technology outsourcing company Summersource, his manager gave him few details before training began. However, the role was so sought after that his salary almost doubled to £250 a month. Additionally, it provided a way out of Kibera, a vast slum on the outskirts of Nairobi where he lived with his young family.
“I thought I was one of the lucky ones,” the 26-year-old said. But then he finds himself examining a trove of violent and sexually explicit material, including tragic accidents, suicides, beheadings, and child abuse.
“I remember logging in one day and seeing a child with a huge slit in his stomach, suffering but not dead,” the Kenyan told the Guardian. When he saw the subject matter of child exploitation, he said, “that’s when I really knew this was something different.”
He was hired by Samasource to moderate Facebook’s content and eliminate the most harmful posts. Some of the most painful images were etched into his mind, sometimes causing him to wake up in night sweats. He kept it to himself for fear that opening up about his work would cause discomfort, concern, or criticism from others.
His wife, annoyed by his “secrecy,” gradually became estranged from him. Irungu continued to work for three years, resigned to the possibility of their separation and convinced that he was protecting her. He says he regrets pushing.
“I don’t think it’s a job for humans,” he says. “I became really isolated from the real world because I started to think of it as a very dark place.” He became afraid to take his daughter away from his eyes.
“If you ask yourself, was it worth sacrificing your mental health for that money, the answer is no.”
Another former host said some of his colleagues dropped out after being alarmed by some of the content. But she found purpose in managers’ assurances that their work protects users, including young children like her.
“I felt like I was helping people,” she said. However, when I stopped, I realized that what I had taken for granted until now was now a problem.
She recalled screaming in the middle of her office floor after seeing one horrifying scene. She said it was as if nothing had happened, except for a few glances from co-workers and a team leader pulling her aside to tell her he was “going to wellness” for counseling. The wellness counselor told her to take a break and get that image out of her head.
“How do you forget when you get back on the floor after a 15-minute break and move on to the next thing?” she said. She questioned whether the counselor was a qualified psychotherapist and said the moderator would never escalate a mental health case, no matter what she saw or how distressed she was.
She was the kind of person who entertained friends at every opportunity, but she rarely left the house, cried over the deaths of people she didn’t know, felt numb, struggled mentally, and at times struggled with suicidal thoughts. Ta.
“This job damaged me and I could never go back,” the woman said, adding that the lawsuit will impact Africa’s content moderation industry as global demand for such services grows. I hope that you will give me.
“Things have to change,” she said. “I don’t want anyone to go through what we did.”
Shares in the chip designer Nvidia have fallen after investors were spooked by signs of slowing growth and production issues, despite the artificial intelligence company posting a 122% rise in second-quarter revenues compared with the same period last year.
The Silicon Valley company’s revenues for the period more than doubled to $30bn (£23bn), beating average analyst estimates of $28.7bn. However, investors were concerned about signs of a slowdown in growth, in particular around its next-generation AI chips, code-named Blackwell.
The stock fell as much as 7% in pre-market trading, before paring back losses to a 3% fall. The chipmaker is the third most valuable company in the world, with a market value of $3.1tn.
Nvidia said the delivery of its Blackwell chips – which comprises 208bn transistors that carry out calculations to train its large language model – would be delayed by several months from January. Its chief executive, Jensen Huang, has previously said that Blackwell would generate “a lot of revenue” for the business this year.
Simon French, the chief economist and head of research at the investment bank Panmure Liberum told the BBC: “There were just some signs around the edges in numbers that that rate of growth was trying to slow.
“Their current AI chip ‘hopper’ is selling well, but the next one, the next generation Blackwell, has faced some production delays, and that perhaps is one of the reasons why Wall Street, after hours, sold off the stock.”
Speaking to investors and journalists overnight, Nvidia bosses did not detail the extent of the delay for Blackwell deliveries but said manufacturing issues had been addressed by TSMC, the Taiwanese semiconductor firm that builds the US company’s most advanced chips. They added that early samples were now shipping to a small group of customers
The drop in Nvidia’s share price dragged on US markets, in particular the S&P 500 index. Nvidia makes up about 6% of the total value of the index and has helped drive its gains this year, after rising more than 160% over the past 12 months.
Matt Britzman, an analyst at the investment platform Hargreaves Lansdown, said Nvidia was facing the major challenge of how to match the hype. “It’s less about just beating estimates now, markets expect them to be shattered and it’s the scale of the beat that looks to have disappointed a touch.”
While many investors have bought into the theoretical impact of artificial intelligence and claims that it could transform nearly every global industry, French noted that the practical use cases “haven’t yet been proven”.
“Such are the lofty expectations for this stock, not just as a single company, but its broader economic impact,” he said. “If you’re going to raise expectations that high, then you’ve got to keep growing at spectacular rates .”
However, Britzman cautioned against reading too much into the market reaction, given that investors tended to “overstate” the importance of one set of quarterly results, particularly in the “grand scheme of AI” prospects. Instead, he said companies such as Microsoft and Tesla, and the Facebook and Instagram owner, Meta, were working on a “multi-year, even multi-decade, time frame and investors would be wise to adopt a similar mentality”.
He added: “The question of return on investment, that many AI bears fall back on, simply isn’t the main consideration for Nvidia’s biggest customers at this stage. Like many before, this cycle won’t be a straight line, but while the ‘build it and they will come’ approach continues, it plays right into Nvidia’s hands.”
Meta shares saw a rise in after-hours trading on Wednesday following a positive earnings report, as the company continues to heavily invest in AI tools.
After the report, the company’s shares increased by about 5%, surpassing analysts’ expectations for the second quarter results.
Meta, the parent company of Facebook, Instagram, and WhatsApp, disclosed revenue of $39.07 billion and earnings per share of $5.16. These results exceeded market expectations of $38 billion in revenue and $4.70 per share. However, the company’s capital expenditures of $8.47 billion were lower than what analysts had anticipated.
In a statement, Meta CEO Mark Zuckerberg expressed optimism about the company’s performance, highlighting Meta’s AI advancements, the success of Ray-Ban Meta AI glasses, and growth across their apps.
While Meta had reported strong profits in the previous quarter, there were concerns about its future outlook, causing a temporary drop in stock prices. However, a positive earnings forecast issued by Meta on Wednesday helped stabilize the stock.
Meta’s recent focus has been on AI development, with plans to make Meta AI accessible to millions of users. The company recently launched its latest AI model, LLama 3.1 405B, to compete with other AI companies.
Tech giants such as Alphabet, Tesla, and Microsoft have faced challenges in the market recently due to lackluster financial reports related to their AI investments. This has led to a market shift towards smaller companies.
In addition to its financial performance, Meta has also been dealing with legal issues, including a $1.4 billion settlement in a Texas privacy lawsuit and a lawsuit in New Mexico related to child safety concerns.
IAs a producer of a morning radio show, I spend countless hours scouring the internet for comedy treasures. I wish I could say that outside of work I’m completely offline, happily pursuing real-world activities like jogging, baking, and not dreading the news, but that would be a total lie. No, this 21st century woman is addicted! And if there’s anything I’ve learned from putting together this list… it’s that I’m glued to the internet. very someday.
So, in tribute to my decades of drug addiction, here are some classics from the good old days of dial-up. Enjoy those good old modem sounds!
1. Charlie and friends go to the mysterious Candy Mountain
First off, here’s a video that YouTube says is 16 years old. 16! Who am I to hold on to my youth? It’s… Charlie the Unicorn. Remember that? My sister and I used to watch this almost every day in school and yell “avoid atheists” until my dad left the house. It was so much fun.
2. Jurassic Park Theme Song (Melodica Cover)
Another classic. This one takes something I love (great movies) and pokes fun at it by mixing melodica into it. PS: I know you’re probably worried about my sense of humor already. I understand, but bear with me.
3. May the people’s poet rest in peace
I love Rik Mayall. He is one of the British comedians who has shaped my sense of humour a lot. Dawn French, Jennifer Saunders, Rowan Atkinson, Hugh Laurie… you get the point. In this clip, a young Rik Mayall performs his poem “Theatre” in front of an audience. I love watching Rick’s character evolve over time. Watch it here Another rendition of the same performance. May the people’s poet rest in peace.
This is a Dan Brown-style review of Dan Brown’s book “Inferno.” It’s cruel, unnecessarily mean, and just awesome. My favorite lines include “The reviewer said his writing was poorly written, grammatically incorrect, and repetitive,” and “Famous author Dan Brown smiled, the corners of his mouth curling upwards in delight.” If you’ve never read Dan Brown’s books and therefore don’t understand these quotes, I envy you.
5. Liza Minnelli tries to turn off the lamp
Any list of internet comedy gold standard is bound to include a solid but overly long SNL sketch — that’s the rule — so in my case, I chose Kristen Wiig’s surprisingly funny “Liza Minnelli Tries to Turn Off the Lamp.”
Chris Fleming is an American comedian and actor. He does a lot of stuff online and I love all of it. But Wildly Unlikable Guy is especially great. Reading it has made me feel less bad about some of the conversations I have at parties (which is amazing, because most of the conversations I have at parties make me feel bad).
7. Don’t say no to a panda
I like seeing generally “good” things do bad things: the dog ripping up the whole couch; A little kid running with a knife“Never Say No to a Panda” is a series of commercials for Arab Dairy’s Panda Cheese. The commercials feature a giant, friendly panda who gets nauseated when people (politely) decide not to use his brand of cheese. Here are some of my favourites from the campaign:
8. Shooting Star
I’ll be honest, I watch a lot of AFL memes (particularly the ones on the Carlton Memes Instagram account, especially after they’ve won a game), but last season a player named Tom Hawkins got shoved to the ground and took a bit of a beating with his fall. You know what I mean? Almost instantly this video appeared online, and for some reason I found it funny and have been laughing at it ever since.
9. Rejected lyrics from the theme song of HBO’s Succession
Demi Adejuyigbe is a fantastic comedian and I first discovered him online through his hit show September Video Clips. He’s truly set a new standard for great online content. This clip is much more lo-fi but just as great. I can honestly say that once you watch the video, you won’t be able to stop singing this song. Intention It will ruin Success for you, but I think it will still be worth it.
“Can you hear me now?” Keith Gill began the broadcast. “I kind of forgot how to do it.”
In 2021, an influencer known as Roaring Kitty led a retail investor movement that sparked an extraordinary surge in shares of the embattled video game chain GameStop, convulsing Wall Street, and Mr. Gill became an internet star and testified before Congress about his bullish stance on the stock.
And then he disappeared. For years after the stock market turmoil began, Gill remained silent online, even as a Hollywood movie was made about his battle with the financial establishment.
Last month, a series of cryptic social media posts suggested Roaring Kitty had woken up from a three-year slumber, reigniting a volatile rally in GameStop shares. But they raised more questions than they answered.
Hundreds of thousands of viewers were waiting when Gill reappeared on YouTube today, but those tuning in hoping for an explanation were in for a frustrating 50 minutes.
The first time GameStop's stock price surged in 2021 was Loss-making companiesThree years later, the company is still unprofitable and struggling to find its place in the modern gaming industry.
Its latest earnings report, released just before Roaring Kitty was released, revealed a steep decline in sales since the start of the year. GameStop also Confirmed Plan The company plans to take advantage of the recent surge in its share price by selling up to an additional 75 million shares.
“We will not be holding a conference call today,” GameStop said in a brief press release, without explaining any reasons for the poor performance. The company's shares fell by about 25 cents and trading was halted multiple times.
Retailers weren't ready for the market, but one enthusiastic follower was happy to oblige. Gill reappeared with his arm in a sling, his head bandaged, his face in a bandage, and sunglasses. With the sound of life support machines ringing in the background, he pretended to be dead.
Keith Gill Livestream on June 7, 2024. Photo: YouTube
“Yeah, that was close,” he laughed, thanking the audience for bringing him back to life, even as the stock price of GameStop Corp. showed up in the background and looked far from healthy.
Gill was keen to dispel the rumours: “This is me, by the way,” he said, stressing that he controls his own dealings and social media accounts and does not work with anyone else.
Despite speculation that he might offer new information to explain his confidence in the fading retailer, Gill clarified that he had “no concrete plans,” instead rambling on about movie memes, playing with a Magic 8 Ball and thanking his followers for their well wishes ahead of his birthday.
“It's been a few years now. How are you all?” he said. “I'm so glad to be back.”
Gill reiterated his long-held belief that GameStop's management would one day reinvigorate the chain in some way, but this is hardly a new revelation. Gill hastened to add that while it's not a guarantee, Ryan Cohen, the billionaire entrepreneur who heads the company, “seems to be doing the right thing.”
“In this case, absence of evidence is not evidence of absence,” he argued about GameStop's recovery, but the company's shares continued to fall when it became clear that his livestreams would not be covering any significant news.
“I haven't said anything right,” he continued. The stock price had fallen 40% since the start of the day. “I'm just saying something wrong. Where's the eject button?”
After a while, he found and pressed it. “A toast to everyone,” Gil said, taking a swig of his beer, and finished. “We'll see what happens next.”
Former President Donald Trump’s social media company saw a 12% drop in shares on Monday due to a regulatory filing stating the potential sale of millions of additional shares. This resulted in a further decline in stock prices.
The filing revealed that 146.1 million shares of Trump Media & Technology Group could be sold, including 114.8 million owned by Trump himself. Additionally, 21.5 million shares could be sold through warrants issued during the company’s merger with Digital World Acquisition Corp.
Since its market debut on March 26, parent company Truth Social has seen a 60% decrease in stock price. Trump is currently unable to sell any of his shares due to a lock-up agreement until September, tying his wealth to the company’s value. If the price remains stable, he stands to make significant profits from the stock.
On the same day, Trump, the presumed 2024 Republican nominee, began a criminal trial in Manhattan facing 34 felony charges related to falsifying business records in connection to payments to Stormy Daniels. This marks the first criminal trial of a US president and is expected to continue for about six weeks.
Trump is currently under financial strain due to various legal battles over the past year, owing approximately $500 million from civil cases. Trump media has received support from some of his major political donors, providing a lifeline for him to pay off his debts.
Recently, Democratic advocacy groups urged Congress to investigate Trump Media due to suspicious activities. In early April, two Florida brothers pleaded guilty to insider trading linked to the social media company. Additionally, reports suggest that the company is relying on loans from a Russian-American businessman facing federal investigations for money laundering and insider trading.
To better cope with such heavy usage, a former Apple employee shared the best battery-saving hacks to help users see and scroll through TikTok texts throughout the day.
Tyler Morgan, who previously worked in sales at Apple and recently received 11.1 million views, has revealed the best tips and tricks to preserve battery power. Check him out @hitomidocameraroll or watch the video on TikTok.
First, Morgan warned users not to charge their iPhones to 100% or overnight. Instead, he recommended only allowing the battery to reach 80% to prevent chemical degradation once it reaches a full charge. Users can go to “Settings, Battery, Battery Health and Charging, [charging optimization]” to set a limit of 80%.
Tyler Morgan, who previously worked as a sales representative at Apple, recently racked up 11.1 million views after revealing his best tips and tricks for preserving battery power for as long as possible. Prima91 – Stock.adobe.com
Morgan also recommended turning off background activity by going to Settings, General, and clicking Background App Refresh. He explains that all the apps running in the background use battery power to keep them updated, so users can switch to updating only on Wi-Fi or when opened.
He warned that users should not charge their iPhones to 100% or overnight. tiktok.com/@hitomidocameraroll
Morgan suggested iPhone users turn off the “Hey, Siri” feature in Siri and Search for those who don’t rely on their personal assistant. He also recommended going to “Accessibility”, “Motion” and clicking “Reduce Motion” to save battery life.
Morgan then advised users to turn off automatic updates and reduce brightness and Bluetooth usage. He acknowledged that it might make the phone experience worse but could be useful in saving battery. He also showed viewers how to use iPhone features more efficiently, such as opening the video feature directly from the camera app and using the one-handed keyboard option.
Morgan advised users to turn off certain features such as automatic updates, background activity, and location services. tiktok.com/@hitomidocameraroll
This helpful hack comes after users experienced rapid battery drain and expressed privacy concerns following the iOS 17 upgrade. The latest software improvements, iPhone Operating System 17.2, include bug fixes related to virtual car keys and financial features, addressing these security concerns.
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