Tesla, Waymo and the camera vs. lidar showdown
CNBC's Deirdre Bosa joins 'Money Movers' to discuss on Tesla's Robotaxi launch following a fatal accident in its self driving vehicle.
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Yahoo
30 minutes ago
- Yahoo
Vance Sucks Up to Trump to Deny He's Part of Musk Coup Plot
J.D. Vance was forced to reaffirm his allegiance to President Trump after Elon Musk backed a call for the vice president to replace his boss. A spat between Musk and Trump over the president's 'big beautiful bill,' which the Tesla CEO denounced as a 'disgusting abomination,' has blown up into an all-out MAGA civil war, with Musk and Trump dramatically trading blows in public. On Thursday, the Tesla and SpaceX CEO replied 'Yes' to a post by an X user who asked: 'President vs Elon. Who wins? My money's on Elon. Trump should be impeached and Vance should replace him.' Musk publicly mused about starting a political party, and told his followers in a bombshell allegation that Trump was named in the Epstein files, signing off by saying: 'Have a nice day, DJT!' He added in a follow-up post, 'Mark this post for the future. The truth will come out.' Vance also features in a conspiracy theory called 'Dark Enlightenment' or Dark MAGA" that suggests a secretive cabal of tech titans is plotting to blow up the government and rule as a giant corporation with a CEO instead of a president. The Silicon Valley plotters, including Musk, chose Vance as the person who would take over when Trump is toppled, according to the theory. Trump has yet to address the latest allegations personally. White House Press Secretary Karoline Leavitt issued a statement saying: 'This is an unfortunate episode from Elon, who is unhappy with the 'One Big Beautiful Bill' because it does not include the policies he wanted.' As the drama escalated, Vance posted a picture teasing a Friday appearance on the podcast of Trump-friendly comedian Theo Von. 'Slow news day, what are we even going to talk about?' Vance joked. In a follow-up post, the vice president added: 'President Trump has done more than any person in my lifetime to earn the trust of the movement he leads. I'm proud to stand beside him.' Musk and Trump's alliance began to unravel after the GOP-controlled House of Representatives narrowly passed Trump's flagship budget proposal last month. Before that, Musk had pushed Trump's agenda by leading his so-called Department of Government Efficiency, an initiative within the administration tasked with cutting government spending and jobs. Musk publicly attacked Trump's bill on the grounds that it would undermine his work with DOGE by adding trillions to the U.S. budget deficit. But on Thursday, Trump claimed that Musk was really upset about the effect the bill will have on his electric vehicle company, Tesla. 'I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!' Trump wrote on Truth Social. 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!' the president added.
Yahoo
31 minutes ago
- Yahoo
Trump says Musk ‘has lost his mind' as feud with Tesla tycoon continues
President Donald Trump continued his war of words with Elon Musk on Friday, saying the Tesla tycoon 'has lost his mind' — even as Musk seemed to be softening his stance in their epic feud. Trump on Friday told reporters that while Musk may be ready to make amends, he's not ready to rekindle his friendship with the tech billionaire, whose public criticism of the president's "Big Beautiful Bill" — he called the proposed budget legislation a 'disgusting abomination' — sparked their ugly breakup. 'You mean the man who has lost his mind?' Trump said to ABC News' Jonathan Karl when asked about Musk. The president added he is 'not particularly' interested in speaking with Musk directly even though he claimed Musk has been trying to talk to him. 'I'm not even thinking about Elon. He's got a problem,' Trump told CNN. 'The poor guy's got a problem.' Musk didn't immediately respond to the new round of barbs from Trump, though the world's richest man signaled late Thursday that he was interested in lowering the temperature of their blow-up. He liked favorable posts online about his relationship with Trump, including one from hedge fund manager Bill Ackman. 'I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country,' he wrote. Musk replied: 'You're not wrong.' But it may be far too late for detente. MAGA adviser Steve Bannon suggested the government should use the Defense Production Act to seize SpaceX and Starlink from Musk in the interests of national security. The populist firebrand also urged Trump to investigate Musk's reported drug use and even his immigration status. Musk was born and raised in South Africa and is a naturalized U.S. citizen, but some reports claim he worked illegally in the U.S. years ago. Musk responded by deriding Bannon as a 'communist' and used the R-word to demean his intelligence. Musk tweeted late Thursday that he would no longer allow NASA to use SpaceX's Dragon craft to shuttle astronauts to the International Space Station, but backed off the threat hours later. The bromance between the two men fractured in recent weeks as Musk stepped down from his government post and denounced Trump's sprawling budget bill for blowing up the federal budget deficit. The criticism comes as Trump seeks to win the near-unanimous support of Republican lawmakers needed to jam the bill through Congress. It would extend his signature deep tax cuts for the wealthy and big corporations and make substantial but lesser cuts to popular social programs like Medicaid. Things really went off the rails Thursday when Trump said he was 'disappointed' in Musk and also accused him of having 'Trump Derangement Syndrome.' Musk, who shelled out nearly $300 million to land Trump in the White House, also accused his ex-pal of 'ingratitude,' adding that 'Trump would have lost the election' if not for his support. The mogul also agreed with a social media post calling for Trump's impeachment and suggested that Trump is implicated in Jeffrey Epstein's notorious sex trafficking crimes. Trump countered by threatening to cut off government contracts given to Musk's companies, paving the way for some MAGA acolytes to suggest other ways to exact pay back on Musk, who owns Tesla, SpaceX and X, the social media site formerly known as Twitter. _____
CNBC
32 minutes ago
- CNBC
CNBC TechCheck Evening Edition: June 6, 2025
CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
