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*June 2024 – Elon Musk, the billionaire CEO of Tesla and SpaceX, continues to make headlines with a series of business developments, product demonstrations, and public statements affecting both global markets and Australia.*
Tesla Showcases Full Self-Driving Technology in Australia
Tesla has recently posted demonstrations of its Full Self-Driving (FSD) technology in both Australia and France, according to Moneycontrol. The move marks one of Tesla’s initial forays into showcasing its FSD capabilities in the Australian market, reflecting the company’s ongoing efforts to expand its footprint and technological influence internationally.
Although Tesla’s FSD system has been the subject of widespread debate regarding its safety and regulatory approval, these demonstrations represent a significant step towards local engagement in Australia. The company aims to familiarize potential customers and stakeholders with the technology in a market that prioritizes road safety and innovation.
Tesla Shares Rise Amidst European Sales Slowdown
Despite a recent decline in Tesla’s sales across Europe, Tesla shares have managed to rise, as reported by the Finance News Network. This resilience underlines investor confidence in Tesla’s long-term growth strategy, technological innovation, and its ability to navigate global market fluctuations.
The reasons for the upturn in stock price, despite disappointing sales in Europe, include ongoing successes in other regions, the launch of new technologies, and continued interest from both retail and institutional investors. Tesla’s foray into new markets—for example, through the FSD demonstrations in Australia—may contribute to bolstering positive sentiment among shareholders.
Australian Government Responds to Musk’s Internet Control Claims
Recently, Elon Musk made public statements claiming that the Australian government intended to institute greater control over internet access. In response, as cited by Business Standard, Australian authorities have formally rejected Musk’s assertions, clarifying that there are no plans to increase censorship or governmental regulation of internet services beyond existing protocols.
This exchange highlights a recurring theme in Musk’s public engagements: his vocal advocacy for digital freedom and open internet, especially in countries where SpaceX’s satellite internet service, Starlink, operates or hopes to expand.
Musk Alleges Jeff Bezos Urged Associates to Divest Tesla and SpaceX Stock
In another development, Musk has claimed that Amazon founder Jeff Bezos privately encouraged friends to divest their holdings in Tesla and SpaceX over concerns following Donald Trump’s loss in the U.S. presidential election, reports Business Today. Bezos has not publicly addressed these claims. The assertion adds a new dimension to the competitive dynamics between leading tech entrepreneurs, although neither company has commented further.
Elon Musk’s Global Influence
According to a recent BBC profile, Elon Musk is currently regarded as one of the world’s richest individuals, with a net worth that places him at the forefront of global business leaders. Musk’s ventures—including Tesla, SpaceX, and Starlink—often intersect with political, regulatory, and economic discussions both in Australia and worldwide.
As Tesla deepens its Australian engagement through advanced technology demonstrations and SpaceX/Starlink continues to expand its service offerings, Elon Musk’s activities will likely remain under close observation by markets, regulators, and the public.
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