Latest news for Iwatani (OTC:IWTNF) Stock

Iwatani Corp is a Japanese conglomerate involved in a variety of energy, industrial, and food services activities. Iwatani segments its operations into Energy, Industrial Gases and Machinery, Materials, and Agri-bio and Foods businesses. The company derives the majority of its revenue from its Energy division. In this unit, Iwatani supplies LPG and petroleum products for household, commercial, and industrial use. The company's Industrial Gases & Machinery and Materials divisions are also responsible for significant income streams. These segments supply high-pressure gases, such as hydrogen and nitrogen, and rare earth metals used in the manufacturing of technology products, respectively. The vast majority of Iwatani's revenue comes from its operations in Japan.

Iwatani Corp

Anthony Scaramucci, the former White House Communications Director, suggested that Donald Trump should consider <a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp">replacing his running mate</a> JD Vance (R-Ohio).
What Happened: On Friday, Scaramucci took to X, formerly Twitter, and said that the former President has to replace Vance to strengthen <a href="https://www.benzinga.com/general/politics/24/08/40139151/kamala-harris-secures-democratic-nomination-will-momentum-propel-her-to-november-victory-after-b">his political stance against</a> Vice President Kamala Harris.
&#8220;Trump has to replace Vance&nbsp;to get back in the&nbsp;race,&#8221; he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump has to replace Vance to get back in the race.
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1819449611221979241?ref_src=twsrc%5Etfw">August 2, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/general/politics/24/07/40070258/trump-vs-harris-election-forecaster-with-9-out-of-10-accurate-predictions-gives-this-candidate-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Election Forecaster With 9 Out Of 10 Accurate Predictions Gives This Candidate The Edge In 2024 Race</a>
Why It Matters: Scaramucci&#8217;s suggestion comes after <a href="https://www.benzinga.com/news/24/07/39997182/former-white-house-official-anthony-scaramucci-mocks-jd-vance-says-thank-you-for-knocking-me-out-of">his previous&nbsp;mockery&nbsp;of Vance</a>, whom he thanked for replacing him as the worst Trump hire. 
"I just want to personally thank JD Vance for knocking me out of the position of the worst Donald Trump hire. I didn&#8217;t think it would happen but here we are and I am grateful,&#8221; he stated last month.
Vance's vice presidential campaign has <a href="https://www.benzinga.com/news/24/07/39979544/can-trump-replace-jd-vance-amid-kamala-harris-picking-pace-experts-warn-that-could-be-extraordinaril" target="_blank" rel="noreferrer noopener">been under scrutiny</a>, with speculation about his potential replacement due to underwhelming polling and the growing momentum of Vice President Kamala Harris.
Vance's campaign has also been described as <a href="https://www.benzinga.com/news/24/07/40026875/trump-vp-pick-jd-vance-blasted-by-fellow-ohio-rep-landsman-one-of-the-cruelest-most-chaotic-and-down" target="_blank" rel="noreferrer noopener">"cruel and chaotic"</a> by fellow Ohio Rep. Greg Landsman (R-Ohio).
Meanwhile, the former White House official has previously also called <a href="https://www.benzinga.com/news/24/07/40001605/anthony-scaramucci-says-donald-trumps-verbal-sparring-with-kamala-harris-a-mistake-adds-vice-preside">Trump&#8217;s verbal attacks on Harris</a> a mistake. &#8220;He doesn't know what punches are going to land on her yet, neither does his team," he said at the time.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40120876/elon-musk-says-good-that-biden-administration-declared-nicol-s-maduro-rival-as-venezuela-election-wi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says &#8216;Good&#8217; That Biden Administration Declared Nicolás Maduro Rival As Venezuela Election Winner</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

News

Politics

General

Anthony Scaramucci Says If Trump Wants To 'Get Back In The Race' With Kamala Harris, Ex-President Will Have To Do This

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk said on Friday that its <a href="https://www.benzinga.com/news/24/07/39615273/tesla-more-than-doubles-energy-storage-deployment-to-mark-its-best-quarter-yet-even-as-ev-demand-con">Powerwall 3</a> is a &#8216;great product&#8217; of which the company could make over 700,000 units in a year. 
What Happened: &#8220;This really is a great product. Took 3 major iterations, as usual, to get to something great,&#8221; Musk wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This really is a great product. Took 3 major iterations, as usual to get to something great.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1819464954736717880?ref_src=twsrc%5Etfw">August 2, 2024</a></blockquote>
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Powerwall 3 is the latest iteration of Tesla&#8217;s powerful home battery which stores solar energy for use when the grid goes down. It is manufactured by Tesla at its gigafactory in Nevada. 
The company said on Friday that it can build a Powerwall 3 every 25 seconds, or more than 700,000 units per year.
The Powerwall 3 has an energy capacity of 13.5 kWh per unit and can thrive in extreme weather conditions. It also features an integrated solar inverted allowing solar to be connected directly, Tesla said. 
One unit of Powerwall 3 is priced at $9,300 for California Street in San Francisco. 
Why It Matters: Tesla reported a whopping 100% year-on-year jump in revenue from its&nbsp;<a href="https://www.benzinga.com/news/24/07/39615273/tesla-more-than-doubles-energy-storage-deployment-to-mark-its-best-quarter-yet-even-as-ev-demand-con" target="_blank" rel="noreferrer noopener">energy generation and storage segment&nbsp;</a>in the second quarter, even as revenue from the automotive segment dipped. The company&#8217;s second-quarter revenue from the segment totaled $3 billion after it deployed 9.4 GWh of energy storage products. 
For the entirety of 2024, the company now expects the growth rate of revenue in its energy business to outpace the automotive business.
During Tesla's annual shareholder meeting in June, Musk&nbsp;said that the company is on track to complete a "massive number of energy deployments."
"We seem to be tracking to sort of a 200- to 300-percent year-over-year growth in energy storage deployment and stationary pack. So it&#8217;s giant. And the limiting factor really is being able to build more Megapacks and build more Powerwalls," <a href="https://www.benzinga.com/news/24/07/39953878/teslas-energy-and-storage-segment-doubles-revenue-in-q2-to-make-up-for-decline-in-car-sales">he said.</a>
The company is currently ramping up production at its Lathrop Megafactory which is capable of producing 40 GWh of energy storage products a year and also eyeing starting production at its Shanghai Megafactory in the first quarter of 2025.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40145024/ford-reports-31-increase-in-ev-sales-driven-by-popularity-of-tesla-cybertruck-rival-f-150-lightning">Ford Reports 31% Increase In EV Sales, Driven By Popularity Of Tesla Cybertruck Rival F-150 Lightning</a></li>
</ul>
Photo by AngieC333 on Shutterstock

Tech

TSLA

Tesla Says It Can Make One Powerwall 3 Every 25 Seconds: CEO Elon Musk Terms It 'A Great Product'

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk assured a female customer on Friday that he would investigate the EV giant&#8217;s lawsuit against EVject, a company that makes a &#8216;breakaway&#8217; <a href="https://www.benzinga.com/news/24/07/39951183/tesla-supercharger-network-growth-slows-down-in-q2-after-exit-of-rebecca-tinucci-and-other-employees">charging connector for Tesla EV drivers.</a> 
What Happened: EVject&#8217;s charging connector allows drivers to disconnect from EV chargers and drive away in emergency situations without stepping out of the vehicle. 
Last month, Tesla filed a lawsuit against EVject alleging that their breakaway connectors are &#8220;dangerous&#8221; and pose a high safety risk. 
The connector has no over-temperature protection and may overheat when charging, Tesla said in the lawsuit, posing risks of burn injuries to users. The high temperature also poses risks of fire to other combustible materials in the charger cable, the EV, or the supercharging infrastructure, Tesla alleged.
The EV maker requested the court to pass an order prohibiting the import of the connectors and make EVject pay at least $75,000 in damages.
EVject Responds: &#8220;We have said this since the beginning of the communication with Tesla. We are eager to collaborate and codevelop an approved and potentially integrated solution,&#8221; EVject founder Kred Peeler wrote on X on Friday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We have said this since the beginning of the communication with Tesla. We are eager to collaborate and codevelop an approved and potentially integrated solution.
&mdash; Kreg Peeler (@kregpeeler) <a href="https://twitter.com/kregpeeler/status/1819579106432110778?ref_src=twsrc%5Etfw">August 3, 2024</a></blockquote>
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Tesla based its allegations in the lawsuit on a study it paid for from a third-party engineering team.
Peeler, however, alleges that the tests were performed without cooling systems in place. He also claimed that the connectors are built &#8220;tough&#8221; and that the company has been working to integrate a thermal sensor &#8220;but the standard keeps changing.&#8221;
Musk Assures Further Investigation: Tesla enthusiast Alexandra Merz took to X on Friday to request that Tesla reconsider its lawsuit. Merz said in her post that the connector has great utility and alleviates the safety concerns of stepping out of the EV at <a href="https://www.benzinga.com/news/24/07/39977576/tesla-says-using-wet-cloth-on-supercharger-cables-does-not-increase-charging-speeds-warns-customers">charging stations</a> to unplug the cable.
&#8220;If this overheating issue that Tesla says exists, I hope they can together sort it out,&#8221; Merz wrote.
&#8220;Will investigate,&#8221; Musk wrote to Merz. Merz is one of the select Tesla enthusiasts on X that Musk <a href="https://www.benzinga.com/news/24/07/39786401/tesla-shareholders-demand-higher-security-budget-for-elon-musk-after-billionaire-reveals-two-assassi">regularly responds to</a>. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Will investigate
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1819473174838280661?ref_src=twsrc%5Etfw">August 2, 2024</a></blockquote>
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Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40145024/ford-reports-31-increase-in-ev-sales-driven-by-popularity-of-tesla-cybertruck-rival-f-150-lightning">Ford Reports 31% Increase In EV Sales, Driven By Popularity Of Tesla Cybertruck Rival F-150 Lightning</a></li>
</ul>
Image Via Shutterstock

Legal

Elon Musk Vows To Investigate Tesla's Lawsuit Against EVject In Response To Female Driver's Safety Concerns At Charging Stations

Turkey has banned Meta Platforms Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram over the platform&#8217;s alleged non-compliance with the country&#8217;s laws.
What Happened: The ban on Instagram was imposed following claims that the platform was suppressing condolence messages related to the assassination of Ismail Haniyeh, the head of the terrorist group Hamas, reported Reuters.
Abdulkadir Uraloglu, Turkey&#8217;s Minister of Transportation and Infrastructure, said that Instagram had been cautioned about certain violations and was expected to comply with the nation&#8217;s laws.
&#8220;We are in contact with them. Our sensitivities are clear, as soon as they correct those shortcomings, we will remove the ban. This is a country with laws and rules.&#8221; Uraloglu added.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satya Nadella Says Microsoft&#8217;s Copilot Drives 40% Of GitHub&#8217;s Revenue Growth: We Are Also &#8216;Enabling Anyone To Use Natural Language To Create Apps…&#8217;</a>
NetBlocks, an internet observatory, verified that Instagram access had been curtailed&nbsp;in Turkey following the ban, which was enforced by authorities based on a court order on Friday, the report noted.
Fahrettin Altun, a Turkish communications official, lambasted Instagram for what he described as censorship earlier this week.
&#8220;I also strongly condemn the social media platform Instagram which is actively preventing people from posting messages of condolences for the passing of Hamas leader Haniyeh without citing any policy violations,&#8221; he posted on X, formerly Twitter, adding, &#8220;This is censorship, pure and simple.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our dear brother Ismail Haniyeh, political bureau chief of Palestinian resistance movement Hamas, has faced death with the kind of humility that his enemies can never understand. He is one of the great heroes and a martyr for the Palestinian cause. May God bless his soul.…
&mdash; Fahrettin Altun (@fahrettinaltun) <a href="https://twitter.com/fahrettinaltun/status/1818718030165426519?ref_src=twsrc%5Etfw">July 31, 2024</a></blockquote>
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Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This isn&#8217;t the first time&nbsp;Meta faced regulatory hurdles in Turkey. 
In April earlier this year, the company announced it would&nbsp;suspend Threads&nbsp;in Turkey in response to an interim order <a href="https://www.benzinga.com/government/24/04/38254617/meta-to-suspend-threads-in-turkey-amid-regulatory-challenges-aims-for-future-reinstatement">from the Turkish Competition Authority</a>.
The latest events in the Israel-Hamas conflict have intensified significantly. 
Following the killing of Haniyeh in Tehran, Iran, Iran&#8217;s Supreme Leader Ayatollah Ali Khamenei <a href="https://www.benzinga.com/etfs/sector-etfs/24/07/40081661/irans-supreme-leader-orders-direct-strike-on-israel-in-retaliation-for-hamas-leaders-killing-rep">ordered a direct strike</a> on Israel in retaliation, marking a major escalation of tensions in the Middle East.
Earlier this week, <a href="https://www.benzinga.com/24/08/40094152/israel-confirms-death-of-hamas-second-in-command-mohammed-deif">Israel also confirmed the death</a> of Mohammed Deif, the second-in-command of Hamas.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/general/gaming/24/07/40057917/microsoft-ceo-satya-nadella-says-tech-giant-has-500m-monthly-users-across-gaming-platforms-devices?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft CEO Satya Nadella Says Tech Giant Has 500M Monthly Users Across Gaming Platforms, Devices: &#8216;Our Content Pipeline Has Never Been Stronger&#8217;</a>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by rafapress on Shutterstock

Social Media

Media

Turkey Blocks Instagram After Ankara's Communications Director Accuses Meta Of Preventing Condolences Messages For Hamas Leader Haniyeh

Donald Trump has stated that&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg told him that he will not be endorsing&nbsp;a Democrat in the 2024&nbsp;election, after the <a href="https://www.benzinga.com/news/24/07/40030416/trump-says-melania-was-traumatized-watching-him-being-shot-fearing-the-worst-had-happened-she-cant-r">assassination attempt</a> on the former President.
What Happened: While speaking with Fox News&#8217;s Maria Bartiromo&nbsp;on Friday, the <a href="https://www.benzinga.com/news/24/07/39852878/trump-says-he-is-accepting-presidential-nomination-with-faith-and-devotion-there-is-no-victory-in-wi">Republican presidential nominee</a>, said that Zuckerberg reached out to him following the assassination attempt. 
&#8220;So Mark Zuckerberg called me. First of all, he called me a few times. He called me after the event and he said, &#8216;That was really amazing, it was very brave,'&#8221; Trump said. 
Adding, &#8220;And he actually announced he&#8217;s not gonna support a Democrat because he can&#8217;t because he respected me for what I did that day.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/general/gaming/24/07/40057917/microsoft-ceo-satya-nadella-says-tech-giant-has-500m-monthly-users-across-gaming-platforms-devices?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft CEO Satya Nadella Says Tech Giant Has 500M Monthly Users Across Gaming Platforms, Devices: &#8216;Our Content Pipeline Has Never Been Stronger&#8217;</a>
Trump also stated that Zuckerberg apologized for the censorship of a photo on Facebook and Instagram, taken immediately after&nbsp;the July 13 shooting. Meta has confirmed the error and <a href="https://www.benzinga.com/news/24/07/40059421/mark-zuckerbergs-meta-blames-hallucination-for-ai-assistant-incorrectly-denying-trump-assassination">apologized for the mistaken censorship</a>.
Trump&nbsp;also accused Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google of censoring&nbsp;content about him, stating that the tech giant never apologized for the alleged censorship.
&#8220;I have a feeling Google&#8217;s going to be closed to a shutdown because I don&#8217;t think Congress is going to take it,&#8221; he stated, adding, &#8220;Google has to be careful.&#8221;
Google has previously responded to these allegations by stating that its internal system wasn&#8217;t&nbsp;providing predictions for queries about&nbsp;the assassination attempt due to built-in protections related to political violence.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump says Zuckerberg called him after the assassination attempt &amp; he won't be trying to help Democrats win in 2024 as in 2020 <a href="https://t.co/i9LKyqHwmV">pic.twitter.com/i9LKyqHwmV</a>
&mdash; Tom Elliott (@tomselliott) <a href="https://twitter.com/tomselliott/status/1819349266348834861?ref_src=twsrc%5Etfw">August 2, 2024</a></blockquote>
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Why It Matters: Last month, Zuckerberg praised Trump&#8217;s handling of the assassination attempt, despite not <a href="https://www.benzinga.com/news/24/07/39869982/mark-zuckerberg-calls-trumps-response-to-assassination-attempt-bad-s-days-after-ex-president-threate">endorsing him or any other candidate</a> for the upcoming elections.
&#8220;Seeing Donald Trump get up after getting shot in the face and pump his fist in the air with the American flag is one of the most bad&#x2A;&#x2A;s things I've ever seen in my life,&#8221; the Meta CEO stated at the time.
Adding, &#8220;As an American, it's, like, hard to not get kind of emotional about that spirit and that fight, and I think that that's why a lot of people like the guy.&#8221;
Meanwhile,&nbsp;the FBI <a href="https://www.benzinga.com/news/24/07/40026814/trump-shooter-researched-assassination-attempt-on-slovakias-prime-minister-fbi-provides-details-on-c">disclosed&nbsp;that the gunman</a>, Thomas Matthew Crooks, had also conducted internet searches about the attempted assassination of Slovakia's Prime Minister Robert Fico.
Using aliases and encrypted communication accounts, the suspect purchased firearm supplies and materials for building explosive devices. 
He <a href="https://www.benzinga.com/news/24/07/39921902/trump-assassination-attempt-new-details-emerge-from-pennsylvanias-police-commissioner-eight-shots-we">opened fire at a campaign rally</a> in Butler, Pa., on July 13, where Trump was speaking, resulting in one death and two injuries before being killed by a Secret Service sniper.
Read Next:
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<li><a href="https://www.benzinga.com/general/education/24/07/39871374/mark-cuban-reflects-on-visiting-trump-at-the-white-house-hes-talking-nonsense-about-a-lot-of-th?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Reflects On Visiting Trump At The White House: ‘He's Talking Nonsense About a Lot of Things'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Flickr and Shutterstock

GOOG

GOOGL

Donald Trump Says Mark Zuckerberg Called Him After The Assassination Attempt And 'Announced He's Not Gonna Support A Democrat…Because He Respected Me For What I Did That Day' — And Google Could Be 'Shutdown' By Congress

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Friday termed the use of <a href="https://www.benzinga.com/news/24/07/40063981/tesla-engineer-showcases-first-cybertruck-with-dry-cathode-4680-cells-aimed-at-reducing-costs">dry cathode 4680 cells</a> in the company&#8217;s stainless steel Cybertruck &#8220;a major breakthrough&#8221; capable of major cost reduction to the company. 
What Happened: &#8220;It is a major breakthrough,&#8221; Musk wrote on X in response to Tesla enthusiast and investor Sawyer Merritt who also termed the use of dry cathode 4680 cells a &#8220;big deal.&#8221;
Merritt wrote in a post that the use of dry cathode 4680 cells can help Tesla reduce costs between 15% and 30% if they can scale production and may also result in higher-density batteries. 
&#8220;If they can figure out how to scale it, and with good yields, it will be a game changer,&#8221; Merritt wrote. 
Musk did not detail the benefits of the new technology himself in his response but is seemingly in agreement with Merritt. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is a major breakthrough
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1819465393590927652?ref_src=twsrc%5Etfw">August 2, 2024</a></blockquote>
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Why It Matters:&nbsp;Tesla uses 4680 cells to power the Cybertruck. Presently, the 4680 cells being manufactured by the company for the Cybertruck have cathodes manufactured using a more conventional &#8220;wet&#8221; process involving the use of a toxic solvent. In the second quarter, Tesla produced 50% more 4680 cells than the first quarter, the company said.
Tesla started testing its prototype Cybertruck produced with in-house &#8220;dry&#8221; cathode 4680 cells in July. Once it goes into production, the use of in-house dry cathode 4680 cells would enable major cost reduction, the company said during the company&#8217;s second-quarter earnings call in June. Cybertruck&nbsp;<a href="https://www.benzinga.com/news/24/07/39876213/tesla-confirms-it-aims-to-start-selling-cybertruck-in-canada-this-year-pre-orders-open-for-150" target="_blank" rel="noreferrer noopener">production is on track</a>&nbsp;to achieve profitability by the end of the year.
The launch of production Cybertrucks with dry cathode 4680 cells is expected in Q4, Tesla&#8217;s Vice President of Vehicle Engineering&nbsp;Lars Moravy&nbsp;said last month<a href="https://www.benzinga.com/news/24/07/39927857/tesla-aims-at-profitability-for-cybertruck-by-2024-end-with-production-ramp-and-cost-savings-with-dr"> during a call with analysts.</a> 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Markets

Tesla Investor Sawyer Merritt Says This Can Help EV Giant 'Reduce Their Own Costs Between 15%-30%:' Elon Musk Calls It '...A Major Breakthrough'

Top executives from&nbsp;Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google,&nbsp;Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), and ChatGPT-parent&nbsp;OpenAI&nbsp;are gearing up to host&nbsp;a fundraiser for Kamala Harris, countering the tech <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39922826/elon-musk-agrees-with-dogedesigner-funding-for-trump-supporting-super-pac-is-far-below-45m">industry&#8217;s recent tilt</a> toward Donald Trump.
What Happened: The tech industry seemed to be leaning towards the red this election, with prominent Silicon Valley investors backing Trump. However, a recent series of events <a href="https://www.benzinga.com/general/politics/24/08/40139151/kamala-harris-secures-democratic-nomination-will-momentum-propel-her-to-november-victory-after-b">indicates that Democratic nominee</a> Harris still enjoys significant support in the tech sector, <a href="https://www.businessinsider.in/tech/news/google-netflix-and-openai-execs-are-hosting-a-fundraiser-for-kamala-harris/articleshow/112235158.cms">reported</a> Business Insider.
Executives from Google, Netflix,&nbsp;and OpenAI are joining forces&nbsp;to host a fundraiser for&nbsp;Harris in Washington, DC, later&nbsp;this month.
The reception, scheduled for Aug. 27,&nbsp;will feature special guests Josh&nbsp;Hsu, Harris&#8217;s former chief legal adviser, and Rohini Kosoglu, a former&nbsp;domestic policy advisor to the&nbsp;vice president, the report noted.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/08/40131648/anthony-scaramucci-says-trump-could-drop-his-presidential-bid-against-kamala-harris-if-this-happens?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Trump Could Drop His Presidential Bid Against Kamala Harris If This Happens: &#8216;I Know How This Man Thinks&#8217;</a>
The hosting committee includes policy role&nbsp;executives from Google, Netflix, and&nbsp;OpenAI,&nbsp;as well as high-ranking employees&nbsp;of JPMorgan, McKinsey &amp; Company, and Omidyar Network. 
The minimum donation for admission is $500, with ticket prices going up to $6,600.
Why It Matters: This fundraiser comes at a crucial time for Harris, who recently secured the Democratic nomination after Joe Biden&#8217;s exit from the race.
In less than four months, voters will head to the polls to choose between Harris and Trump in <a href="https://www.benzinga.com/topic/2024-election">the 2024 presidential election</a>.
Earlier, LinkedIn co-founder Reid Hoffman and Netflix co-founder Reed Hastings also publicly declared their support for Harris. Hastings has also contributed $7 million to her campaign.
A website named <a href="https://www.benzinga.com/general/politics/24/08/40105641/mark-cuban-reid-hoffman-vinod-khosla-and-nearly-500-venture-capitalists-back-kamala-harris-in-20">&#8220;VCs for Kamala&#8221; was launched</a> on Wednesday, featuring over a hundred venture capitalists pledging their vote and fundraising support for Harris.
Meanwhile, earlier this week it was reported that since Harris&#8217;s nomination, Trump&#8217;s fortunes have taken a hit, with shares of Trump Media &amp; Technology Group Corp. falling by 22.26%.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

NFLX

Top Google, Netflix And OpenAI Exec To Hold Fundraiser For Kamala Harris To Counter Tech Industry's Shift Toward Trump

xAI founder Elon Musk has projected that Grok will emerge as the world&#8217;s leading AI system, drawing on real-time data from X (formerly Twitter), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) cars, and Optimus robots in the future.
What Happened: As per Musk, the key to AI supremacy lies in having the most potent training compute and improving it at a faster rate than competitors. He compared the training compute to a Formula 1 car engine, highlighting its crucial role in the race for AI dominance.
Musk also highlighted the significance of efficient use of training compute and inference, attributing this to human talent.
Apart from real-time access to posts on X, Musk says xAI will also be able to leverage videos captured by Tesla cars and Optimus humanoid robots. He envisions billions of these robots to give xAI an unprecedented amount of data to feed into xAI and train Grok.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
"I think with Tesla and the real-time video coming from several million cars, ultimately tens of millions of cars with Optimus, there might be hundreds of millions of Optimus robots, maybe billions, learning a tremendous amount from the real world,&#8221; Musk said on a recent episode of the Lex Fridman podcast.
He noted that while leading AI companies have already scraped all Twitter data, Grok has an immediacy advantage due to its real-time data scraping capabilities.
See Also: <a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satya Nadella Says Microsoft&#8217;s Copilot Drives 40% Of GitHub&#8217;s Revenue Growth</a>
Why It Matters: Musk&#8217;s AI startup, xAI, recently <a href="https://www.benzinga.com/news/24/05/39027735/elon-musks-xai-raises-6b-heres-where-it-stands-against-openai-anthropic-and-other-ai-rivals">raised a staggering $6 billion</a> in its Series B funding round, launching it into the company of older and bigger AI startups like Microsoft Corp.-backed OpenAI, and Anthropic, among others.
xAI has also <a href="https://www.benzinga.com/markets/equities/24/06/39397562/is-elon-musk-poaching-talent-from-his-own-companies-xai-reportedly-sees-influx-of-former-tesla-e">attracted several ex-Tesla employees</a>, particularly after a series of layoffs at the electric vehicle giant. This move has sparked controversy, with some accusing Musk of using Tesla as a talent pool for his other ventures.
Recently, xAI initiated the <a href="https://www.benzinga.com/news/24/07/39881748/elon-musks-xai-flips-the-switch-on-100k-nvidia-h100-gpus-worth-up-to-4b-in-memphis-supercluster-most">training of the Memphis Supercluster</a> with 100,000 Nvidia H100 GPUs, which Musk claimed to be the most powerful AI training cluster in the world.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Elon Musk: Neuralink and the Future of Humanity &#x7C; Lex Fridman Podcast #438" width="500" height="281" src="https://www.youtube.com/embed/Kbk9BiPhm7o?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/07/40009035/months-after-shelving-decade-long-apple-car-project-iphone-maker-patents-camera-system-to-project-li">Months After Shelving Decade-Long Apple Car Project, iPhone Maker Patents Camera System To Project Live Feeds To Windshield: What&#8217;s Brewing?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Elon Musk Says Real-Time Data From X, Tesla Cars, And Optimus Robots In Future Will Make Grok 'Best AI System In The World'

Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) said on Friday that it sold 31% more EVs in the U.S. last month than last year, thanks to the rising popularity of its <a href="https://www.benzinga.com/news/24/06/39450515/fords-electric-supertruck-wins-fastest-title-at-pikes-peak-international-hill-climb-rivian-and-hyund">EV pickup truck</a>. 
What Happened: Ford sold 8,242 electric vehicles in July, marking a 31% growth from the 6,280 units sold in July 2023. However, electric vehicles account for only about 5% of the company&#8217;s overall vehicle sales in the month. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model</td>
<td>July 2024 Sales</td>
<td>July 2023 Sales</td>
</tr>
<tr>
<td>Mustang Mach-E</td>
<td>4,592</td>
<td>3,937</td>
</tr>
<tr>
<td>F-150 Lightning</td>
<td>2,822</td>
<td>1,552</td>
</tr>
<tr>
<td>E-transit</td>
<td>828</td>
<td>791</td>
</tr>
<tr>
<td>Total</td>
<td>8,242</td>
<td>6,280</td>
</tr>
</tbody>
</table>
</figure>
The drive in EV sales during the month was largely driven by an 82% jump in sales for the F-150 Lightning pickup truck, of which the company sold 2,822 units.
Ford&#8217;s other two EV offerings in the U.S.- the Mustang Mach-E SUV and the E-transit van- also saw sales grow from last year by 17% and 5%, respectively. 
Why It Matters: While the Mustang Mach-E SUV is directly up against EV giant Tesla Inc&#8216;s Model Y SUV in the mass market electric SUV segment, the F-150 Lightning is up against the company&#8217;s Cybertruck in the electric pickup segment. 
Rising Cybertruck sales appear to have no effect on F-150 Lightning sales, which continue to grow this year compared to the same quarters last year. Tesla began delivering its Cybertruck only in November of last year.
In the second quarter, Ford <a href="https://www.benzinga.com/news/24/07/39630731/mustang-mach-e-drives-fords-q2-ev-sales-ahead-of-gm-but-its-still-just-a-fraction-of-elon-musks-tesl">sold 7,902 Lightning trucks</a>, marking a 77% growth from last year despite Tesla delivering 8,755 Cybertrucks in the quarter, as per Kelley Blue Book estimates.
Ford CEO Jim Farley had <a href="https://www.benzinga.com/markets/equities/23/06/32959800/ford-ceo-brushes-off-cybertruck-but-tesla-fans-fire-back-with-steve-ballmers-infamous-iphone-mis">dismissed concerns about the Cybertruck</a> in June 2023, terming it a &#8220;cool high-end product parked in front of a hotel,&#8221; unlike Ford trucks &#8220;made for real people who do real work.&#8221;
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/08/40123403/warren-buffett-backed-byds-pure-ev-sales-drop-to-lowest-in-five-months-in-july-while-hybrid-vehicle" target="_blank" rel="noreferrer noopener">Warren Buffett-Backed BYD's Pure EV Sales Drop To Lowest In Five Months In July While Hybrid Vehicle Sales Surge 67%</a></li>
</ul>
Photo via Shutterstock

Ford Reports 31% Increase In EV Sales, Driven By Popularity Of Tesla Cybertruck Rival F-150 Lightning

Cryptocurrency industry executives are expected to meet White House officials and Representative Ro Khanna (D-Calif.) to voice their concerns and discuss potential policy changes around digital assets.
What Happened: After a roundtable in July, crypto executives are reportedly going to meet with Biden administration officials for the second time, <a href="https://www.bloomberg.com/news/articles/2024-08-02/crypto-executives-to-meet-with-white-house-advisers-next-week">reported</a> Bloomberg, citing a person familiar with the matter.
While the industry executives have not been identified, they are expected to meet outgoing senior White House advisor Anita Dunn, National Economic Advisor Lael Brainard, and Deputy Chief of Staff Bruce Reed.
This comes after a virtual meeting, hosted by former Obama administration official and executive director of nonprofit Blockchain Foundation, Cleve Mesidor.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40121838/michael-saylor-hails-trumps-never-sell-your-bitcoin-push-elevates-king-crypto-as-the-apex-">Michael Saylor Hails Trump&#8217;s &#8216;Never Sell Your Bitcoin&#8217; Push: &#8216;Elevates King Crypto As The Apex Property Of The Nation&#8217;</a>
The meeting, attended by a "few hundred" crypto industry participants, expressed optimism about a potential Kamala Harris presidency to adopt a friendly stance towards crypto and Web3.
Mesidor, however, sought patience from the crypto industry.
"With all of the priorities, with all of the various groups that in just a week-and-a-half have really coalesced around her, she's not going to say ‘my biggest priority is crypto' or ‘my biggest priority is climate,'" Mesidor said.
Why It Matters: This comes after cryptocurrency emerged as one of the campaign issues, with former President Donald Trump throwing his weight behind the digital asset class.
Last week, Trump said Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) would <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40002734/trump-says-bitcoin-will-skyrocket-like-never-before-if-he-returns-to-the-white-house-promi">rally like "never before"</a> if he wins, and promised to fire the current Securities and Exchange Commission (SEC) chair, Gary Gensler.
Gensler has been seen as hostile towards cryptocurrencies. &nbsp;&#8220;I will appoint a new SEC chairman who believes America should build the future and not block the future," Trump said at the Bitcoin 2024 conference in Nashville.
The Official Monetary and Financial Institutions Forum (OMFIF,) an independent financial think tank, has <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40129171/kamala-harris-must-address-crypto-to-compete-with-trumps-pro-bitcoin-agenda-think-tank-war">recommended Harris</a> adopt a crypto-friendly agenda to take on Trump.
However, not everyone seems to support pro-crypto promises. Renowned economist Paul Krugman even <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40060902/paul-krugman-slams-trumps-bitcoin-advocacy-nobel-laureate-calls-it-government-bailout-of-a">slammed Trump's pro-Bitcoin stance</a>, terming it as a "government bailout of a scandal-ridden industry."
Price Action: Late Friday, Bitcoin was trading 4.50% lower at $61,393, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) dropped 6.22% to $2,960, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
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Cryptocurrency

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Crypto Industry To Meet With White House Officials, Even As Trump Promises To Reverse Biden Administration's Crackdown On Bitcoin, Ethereum And Other Cryptocurrencies

In the latest development in the <a href="https://www.benzinga.com/general/entertainment/23/10/35135483/elon-musk-and-grimes-custody-battle-takes-a-wild-turn-kids-ordered-to-stay-in-california">ongoing custody dispute</a> between Tesla Inc. CEO Elon Musk and Grimes, the pair were seen in a Texas court on Friday. This follows allegations from Grimes&#8217; mother that Musk is "withholding" their children.
What Happened: Musk and Grimes attended a hearing in Austin, Texas, concerning their ongoing custody dispute over their three children, <a href="https://www.businessinsider.in/tech/news/elon-musk-and-grimes-appear-in-family-court-days-after-grimes-mother-accused-the-tesla-ceo-of-withholding-children/articleshow/112230852.cms">reported</a> Business Insider. The former couple has been in this battle since September.
Both parties have filed separate lawsuits in Texas and California. Friday&#8217;s hearing addressed several motions, including one to temporarily suspend the proceedings. Musk arrived at the courthouse with a substantial security detail, while Grimes, also known as Claire Elise Boucher, arrived shortly before the hearing commenced.
See Also: <a href="https://www.benzinga.com/24/07/39999535/trumps-niece-says-ex-president-scared-to-face-harris-he-is-now-running-against-a-vibrant-intelligent?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President &#8216;Scared&#8217; To Face Harris</a>
The courtroom was closed to the press and public shortly after the hearing began due to &#8220;security concerns&#8221; related to the children.
Musk and Grimes have three children – 3-year-old X Æ A-12, also known as baby X, 2-year-old Exa, and 1-year-old Tau.
Why It Matters: This custody dispute has been escalating for some time. In October, <a href="https://www.benzinga.com/general/entertainment/23/10/35234753/grimes-accuses-elon-musk-of-keeping-son-x-against-her-wishes-court-documents-reveal-report">Grimes accused Musk of keeping their son X against her wishes</a>, as revealed in court documents.
Musk then sought to keep the dispute private, <a href="https://www.benzinga.com/news/23/12/36061770/elon-musk-seeks-privacy-in-custody-battle-with-grimes-legal-showdown-intensifies">filing for a protective order</a> in December to ensure the confidentiality of his deposition.
The situation intensified in July when <a href="https://www.benzinga.com/news/24/07/40001741/grimes-mother-accuses-musk-of-withholding-children-amid-custody-battle-please-elon-i-beg-you">Grimes&#8217; mother accused Musk of withholding the children</a> from their mother and great-grandmother.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Elon Musk And Grimes Appear In Texas Court Over Custody Dispute, Days After Tesla CEO Accused Of 'Withholding' Children

U.S. Defense Secretary,&nbsp;Lloyd Austin, has revoked <a href="https://www.benzinga.com/news/24/08/40090667/911-mastermind-khalid-sheikh-mohammed-and-co-conspirators-reach-plea-deals-to-evade-death-penalty">plea agreements previously made</a> with three suspects involved in the Sept. 11, 2001, or 9/11 attacks, including the alleged mastermind,&nbsp;Khalid Sheikh Mohammed.
What Happened: On Friday, Austin withdrew the plea deals that were initially agreed upon earlier in the week. The suspects are currently held at the U.S. military prison at Guantanamo Bay, Cuba, according to a memorandum signed by Austin on Friday.
Austin has now stripped Susan Escallier, the overseer of&nbsp;the Pentagon&#8217;s Guantanamo war court,&nbsp;of her authority to enter into pre-trial agreements in this case. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/40057554/lindsey-graham-says-jd-vance-will-support-trump-unequivocally-they-will-work-together-to-right-the-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lindsey Graham Says JD Vance Will Support Trump &#8216;Unequivocally&#8217; — They Will &#8216;Work Together To Right The Ship At Home And Abroad&#8217;</a>
The Pentagon chief has assumed this&nbsp;responsibility himself. &#8220;Effective immediately, in&nbsp;the exercise of my authority,&nbsp;I hereby withdraw from the&nbsp;three pre-trial agreements&#8230;,&#8221; he stated in a memo.
The 9/11 attacks, which resulted in nearly 3,000 deaths, led to a two-decade-long war in Afghanistan for the U.S.
Why It Matters: The Defense Department revealed the plea agreements on Wednesday. The agreements required the accused to plead guilty to all charges, including the murder of the 2,976 victims of the attacks, with their sentences to be decided by a panel of military officials.
A U.S. official suggested that the deals likely&nbsp;involved guilty pleas in exchange&nbsp;for removing the death penalty.
Alongside Mohammed, the plea&nbsp;deals had also been reached&nbsp;with&nbsp;two other detainees: Walid Muhammad&nbsp;Salih Mubarak Bin &#8216;Attash and&nbsp;Mustafa Ahmed Adam al Hawsawi.
The plea deals had faced strong criticism from several Republican lawmakers, including House of Representatives Speaker Mike Johnson (R-La.)and Senate Minority Leader Mitch McConnell (R-K.y.).
Read Next:&nbsp;
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Lloyd Austin Withdraws Plea Deals For 9/11 Suspects, Including Alleged Mastermind Khalid Sheikh Mohammed

TCBP

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

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Rosenblatt analyst Kevin Cassidy maintains Navitas Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) with a Buy and maintains $10 price target.

Price Target

Analyst Ratings

NVTS

Rosenblatt Maintains Buy on Navitas Semiconductor, Maintains $10 Price Target

Rosenblatt analyst Hans Mosesmann maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Sell and maintains $17 price target.

INTC

Rosenblatt Maintains Sell on Intel, Maintains $17 Price Target

Rosenblatt analyst Hans Mosesmann maintains Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) with a Buy and maintains $880 price target.

MPWR

Rosenblatt Maintains Buy on Monolithic Power Systems, Maintains $880 Price Target

Rosenblatt analyst Barton Crockett maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Neutral and lowers the price target from $89 to $61.

ROKU

Rosenblatt Maintains Neutral on Roku, Lowers Price Target to $61

Rosenblatt analyst Barton Crockett maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Buy and raises the price target from $220 to $221.

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