In 2023, Mark Zuckerberg surpassed Elon Musk in achievements and avoiding controversies. While Musk’s attempts to transform Twitter failed, Zuck’s Meta saw unprecedented success. Additionally, Zuck’s corporate strategy effectively turned Meta’s fate around, while Musk faced challenges with his car company and reputation. As the future looms, both billionaires have ambitious plans, yet only time will reveal their outcomes.
The recent drama at OpenAI, involving the firing and subsequent reinstatement of CEO Sam Altman, along with chief scientist Ilya Sutskever being caught in the middle, has captivated the AI community. Elon Musk has weighed in on the situation, suggesting that Sutskever should join Tesla or his AI startup, xAI. The implications of Sutskever leaving OpenAI would be significant in the ongoing talent wars in the AI industry. The reasons behind Altman’s firing have not been disclosed, but Musk believes that the public deserves to know. The situation continues to unfold, and its impact on OpenAI and the AI field remains uncertain.
Tesla investors have concerns about the company’s future, as sales are propped up by price cuts and there are delays in the launch of a new entry-level car. CEO Elon Musk’s absence and focus on Twitter are causing frustrations among shareholders. Musk’s recent endorsement of an antisemitic post has drawn criticism, with investors urging him to stop making such remarks to protect the Tesla brand. Furthermore, Musk’s political views and actions have raised concerns. Despite these challenges, some investors maintain faith in the company, while others turn to rival carmakers like Rivian.
Saudi Arabia’s investment in Lucid Motors, an EV startup, has faced challenges as the value of its stake drops by 90%. Lucid Motors reported substantial losses and a negative gross margin. However, the country remains optimistic about the future of the startup.
Tesla will start delivering the highly anticipated Cybertruck to select customers on November 30. The luxury EV SUV will be produced in Tesla’s Texas Gigafactory starting next year. The vehicle’s electrical architecture is being redesigned to accommodate an 800-volt standard for faster charging. Elon Musk acknowledged the challenges of scaling up production for the Cybertruck but expressed his excitement for the product. Tesla has seen a sequential decline in production and deliveries this quarter and has lowered vehicle prices multiple times. The company is investing in AI development and is now allowing Hertz rentals access to the Tesla App.