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Stockreport

Musk predicts AI will create 'universal high income' and make saving money unnecessary [FOX Business Network]

Tesla, Inc. (TSLA)  More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Billionaire Elon Musk on Wednesday said that while the Trump accounts that are set to launch next year are a nice gesture, he doesn't think saving money will be necessary with "universal high income" set to prevail in the future. Musk replied to a post by investor Ray Dalio, who announced he was following Michael and Susan Dell in donating funds to help seed so-called Trump accounts, which are new savings and investment accounts created by the One Big Beautiful Bill for newborns and young Americans. "It is certainly a nice gesture of the Dells, but there will be no poverty in the future and so no need to save money," Musk wrote in a post on X, his social media platform. "There will be universal high income." Musk has said on several occasions that he thinks artificial intelligence (AI) and robotics will eliminate poverty and the need to work, creating a universal level of wealth. The Tesla CEO spoke at the Viva Technology conference in Paris in May 2024, where he explained in [Read more]
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Stockreport

Musk predicts AI will create 'universal high income' and make saving money unnecessary [FOX Business Network]

Tesla, Inc.  (TSLA) 
More Company Research Source: FOX Business Network
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Billionaire Elon Musk on Wednesday said that while the Trump accounts that are set to launch next year are a nice gesture, he doesn't think saving money will be necessary with "universal high income" set to prevail in the future. Musk replied to a post by investor Ray Dalio, who announced he was following Michael and Susan Dell in donating funds to help seed so-called Trump accounts, which are new savings and investment accounts created by the One Big Beautiful Bill for newborns and young Americans. "It is certainly a nice gesture of the Dells, but there will be no poverty in the future and so no need to save money," Musk wrote in a post on X, his social media platform. "There will be universal high income." Musk has said on several occasions that he thinks artificial intelligence (AI) and robotics will eliminate poverty and the need to work, creating a universal level of wealth. The Tesla CEO spoke at the Viva Technology conference in Paris in May 2024, where he explained in [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS