Latest news with #TheGrind
Yahoo
6 days ago
- Business
- Yahoo
Elon Musk is retreating from politics just as his corporate empire stumbles
A version of this story appeared in CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free here. Elon Musk says he is back to 'spending 24/7 at work' and sleeping in conference rooms — seemingly diving head-first back into corporate life after five months of oligarch larping in Washington. That kind of performative overwork often comes across these days as eye-roll-worthy — another tech entrepreneur peacocking their devotion to The Grind. Musk is a longtime pusher of such 'extremely hardcore' work cultures. But given the scale and severity of the problems hitting Musk's business empire all at once, an all-out effort may be appropriate. Tesla sales are tanking. The Cybertruck is shaping up to be a flop for the ages. The social media site X needs 'major operational improvements,' according to Musk, after a widespread outage over the weekend, which came less than two weeks after xAI's Grok briefly morphed into a conspiracy theorist that wouldn't shut up about 'White genocide.' The last two SpaceX launches ended with the multibillion-dollar spacecraft blowing up in midair. (The latest launch is happening Tuesday night, around Nightcap's publish time, so check here for the latest.) Investors appear relieved that Musk is refocusing on his day job(s). Shares of Tesla — the only publicly traded Musk-owned enterprise — have shot up 25% in the past month (though they are still in a hole relative to their December peak). That optimism is conditioned on Musk actually fixing the problems (many of them self-inflicted) plaguing the EV maker while also delivering on his promise to launch an autonomous robotaxi service in Austin, Texas, in the coming weeks. It'd be a tall order for any CEO. It is a gargantuan ask for someone running multiple flailing companies at the same time. A month ago, Tesla reported a 70% drop in earnings for the first quarter. That (along with a report in the Wall Street Journal that said Tesla's board had gone shopping for a new CEO) seemed to be a wakeup call for the billionaire, whose foray into far-right politics turned out to be disastrous for the electric vehicle brand. Data released Tuesday showed Tesla's European sales fell by about 50% — the fourth month in a row of declining year-over-year sales for the company. There are two primary reasons why: Europeans are rejecting Musk's personal politics, and choosing to buy much-cheaper EVs from Chinese carmakers such as BYD. (ICYMI: BYD is the brand Musk once scoffed at and is now eating Tesla's lunch on the global stage.) It remains to be seen how Musk will deal with the Cybertruck, his pet project that's become a 7,000-pound albatross for Tesla, plagued by repeated recalls (including one for a piece of trim that was literally falling off the vehicle) and weak sales. Two years ago, Musk said with a straight face that he expected to add 250,000 Cybertrucks a year to American roads. Tesla sold 40,000 of them last year. In the first quarter of this year, it sold only 6,400, according to Cox Automotive. If sales don't pick up, Tesla is on track to notch only about one-tenth of its annual goal. The Cybertrucks are losing value fast. Tesla only recently started allowing trade-ins, and two customers told Business Insider that their trade-in estimates amounted to roughly 37% depreciation after just a year. On top of all that, Musk — who has a history of overpromising and missing deadlines by years — plans to launch Tesla's driverless ride-hailing service next month in Austin. But already, questions are swirling about Tesla's ability to pull that off. According to Fortune, 'key groups — including Austin's transportation department, Austin's emergency first responders, and federal regulators — are still missing important information about the self-driving machines.' The stakes are high. Tech analyst Dan Ives, who has been uncharacteristically critical of Musk's political involvement and its damage to the Tesla brand, said in a note last week that 'the vast majority' of Tesla's valuation upside is centered on the success of its 'autonomous vision taking hold.' The Austin event is the 'beginning of this next era of growth for Musk and Tesla.' CNN's Anna Cooban contributed reporting.
Yahoo
28-04-2025
- Sport
- Yahoo
Derrick White has worked hard to become the NBA's most clutch 3-point shooter
Boston Celtics point guard Derrick White has worked hard to become the NBA's most clutch 3-point shooter. The University of Colorado alum was not a very good shot from beyond the arc when he joined the league with the San Antonio Spurs, shooting rarely and most seasons well below league average. But White has continued to hone his long-distance shot, and has improved to become a legit threat from deep in each of his three full seasons with the Celtics to date. Now, the Parker, Colorado native strikes fear into the heart of opposing defenses when he finds himself open -- and never more so than in the final moments of the fourth quarter. Advertisement The folks behind the official "Boston Celtics" YouTube channel put together a clip for their "The Grind" show taking a closer look at that growth. Check it out below! If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network. Listen to the "Celtics Lab" podcast on: Apple Podcasts: Spotify: This article originally appeared on Celtics Wire: Derrick White worked hard to become the NBA's most clutch 3-point shot
USA Today
19-04-2025
- Sport
- USA Today
Derrick White has worked hard to become the NBA's most clutch 3-point shooter
Derrick White has worked hard to become the NBA's most clutch 3-point shooter Boston Celtics point guard Derrick White has worked hard to become the NBA's most clutch 3-point shooter. The University of Colorado alum was not a very good shot from beyond the arc when he joined the league with the San Antonio Spurs, shooting rarely and most seasons well below league average. But White has continued to hone his long-distance shot, and has improved to become a legit threat from deep in each of his three full seasons with the Celtics to date. Now, the Parker, Colorado native strikes fear into the heart of opposing defenses when he finds himself open -- and never more so than in the final moments of the fourth quarter. The folks behind the official "Boston Celtics" YouTube channel put together a clip for their "The Grind" show taking a closer look at that growth. Check it out below! If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network. Listen to the "Celtics Lab" podcast on: Apple Podcasts: Spotify:
Yahoo
09-04-2025
- Sport
- Yahoo
Kristaps Porzingis on his struggle to get back on the court for the Boston Celtics
Kristaps Porzingis on his struggle to get back on the court for the Boston Celtics It took star Boston Celtics big man Kristaps Porzingis a fair amount of the first half of the NBA's 2024-25 regular season to get back on the court after a rare injury sidelined him in the 2024 NBA Finals. The slog of rehabilitating his dinged-up ankle and getting back into game shape while his teammates were at times struggling without him was no easy journey for the Latvian center to endure. Porzingis recently took some time on a recent episode of the team-produced "The Grind" show to talk over that grueling process and what it took for him to get back to playing high-level ball for Boston this season. Advertisement Take a look at the clip embedded below to hear what he had to say about his rehab, and getting himself in a position to be able to help his teammates compete for a second title in as many years. If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network. Listen to the "Celtics Lab" podcast on: Apple Podcasts: Spotify: This article originally appeared on Celtics Wire: Kristaps Porzingis on his struggle to get back on the court for Boston
USA Today
09-04-2025
- Sport
- USA Today
Kristaps Porzingis on his struggle to get back on the court for the Boston Celtics
Kristaps Porzingis on his struggle to get back on the court for the Boston Celtics It took star Boston Celtics big man Kristaps Porzingis a fair amount of the first half of the NBA's 2024-25 regular season to get back on the court after a rare injury sidelined him in the 2024 NBA Finals. The slog of rehabilitating his dinged-up ankle and getting back into game shape while his teammates were at times struggling without him was no easy journey for the Latvian center to endure. Porzingis recently took some time on a recent episode of the team-produced "The Grind" show to talk over that grueling process and what it took for him to get back to playing high-level ball for Boston this season. Take a look at the clip embedded below to hear what he had to say about his rehab, and getting himself in a position to be able to help his teammates compete for a second title in as many years. If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," "Celtics Lab," and the many other New England sports podcasts available on the CLNS Media network. Listen to the "Celtics Lab" podcast on: Apple Podcasts: Spotify:
