Elon Musk’s Bold Moves, Billions Lost

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Elon Musk's recent activity on his platform, X (formerly Twitter), has sparked a fresh round of discussions, especially as he urged all CEOs to speak openly on his social network. This call for more candid and open discourse comes at a time when Tesla and its shareholders are facing financial turbulence, with Tesla’s stock dropping significantly, leading to a $15 billion dip in Musk’s wealth since last week.

Musk’s Move on X

Musk's encouragement for CEOs to be more vocal on X today could be part of his broader strategy to increase engagement on the platform and to position it as a space for corporate leaders to directly interact with the public. However, this move also follows a series of political stances and product announcements that may have contributed to the recent volatility in Tesla’s stock price.

Investors Feeling Uneasy

Musk’s recent political maneuvering is a hit with his fans, especially on social media. But perhaps not with Wall Street. His recent public events and actions have left investors feeling uneasy:

• Commandeering the @America handle for his super PAC

• Pledging millions to a pro-Trump super PAC

• Making appearances on the campaign trail for Trump

• Offering $47 for referrals that result in petition signatures supporting the First and Second Amendments

New Tesla Concepts

Then came last week: Musk and Tesla unveiled the Cybercab and Robovan concepts, hoping it would be a big hit and that the new vehicles would revolutionize the way we think about urban transportation, possibly leading to a surge in excitement around Tesla's future.

• The Cybercab could go on sale before 2027 for around $30,000

• Reception to the announcement has been mixed

• Shareholders wanted more details on the launch, production timelines, and self-driving tech

Impact on Tesla Stock

⬇️📈🚨It's an interesting moment for both Musk's companies and his followers, as the financial repercussions of his public statements continue to unfold.

• Tesla’s share price dropped to $219 (Tuesday's close), down from $238 (a 9% drop in stock price)

• The decline had a direct impact on Musk's wealth: an estimated $15 billion dip

But don’t feel too sorry for Elon Musk, according to Bloomberg he’s still the richest person in the world with an estimated net worth of $240 Billion.

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High School’s New QR Code System Raises Concerns Amid Cell Phone Bans Across California

As schools across California move toward banning cell phones to curb distractions and limit social media’s influence on student life, Edison High School in Huntington Beach is taking a different approach—embracing the very technology other schools are phasing out.

Tracking or Trusting: Students at Edison High are now required to download an app and scan a QR code every time they leave the classroom, whether it’s for a bathroom break, a visit to the nurse, or a stop at the school’s wellness center. The system tracks how long they are out, with students scanning the code when they exit and again when they return.

Does this cross a line? The policy raises important questions about student privacy, how much reliance on technology is too much, and where the line between accountability and trust should be drawn. It’s unclear if parents were apprised of this before hand. But now there is an online petition to get the policy removed.

🐼 Panda Cam Alert!

Need a cute distraction? The San Diego Zoo just launched a giant panda live cam! Now you can peek at Xin Bao and Yun Chuan—the first pandas to arrive in the U.S. in 21 years! 🍃🐼

These adorable fluffballs came from China in June (have you visited them yet??). No problem if you haven’t, now they’re streaming live for your viewing pleasure. Go ahead, take a break, and watch them do their panda thing. You're welcome. 😉