Elon Musk announces new political party
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Here's how Musk used a successful startup called PayPal as a springboard for building a personal fortune that Forbes measures at over $400 billion.
Elon Musk and Peter Thiel, co-founders of PayPal, have contrasting views on AI's economic impact. Thiel likens AI's potential to the internet boom of the late 90s, estimating a modest GDP growth. Musk,
Peter Thiel influenced top tech figures like Mark Zuckerberg and Elon Musk, funding early-stage companies through his venture capital firm Founders Fund.
A super PAC set up to go head-to-head with Elon Musk’s America Party says it is not interested in competing with the tech billionaire for like-minded donors in one key area: Silicon Valley. The tech industry was once optimistic that Musk’s appointment would give him the president’s ear to defend long-held causes like expanding high-skilled immigration.
With shares down 21% year to date, Tesla ( TSLA 0.04%) is reeling from a combination of weakening electric vehicle (EV) demand, political uncertainty, and a CEO who seems to have misplaced priorities.
In a 2012 interview with Jon Stewart, Elon Musk spoke about his early days at PayPal, how he funded SpaceX and Tesla in early stages, and other experiences from his career.
Elon Musk ends his role in President Donald Trump's DOGE, but his political influence and controversial government cuts continue to impact national politics and upcoming elections.