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Christiaan Hetzner

Christiaan Hetzner

Fortune

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Elon Musk reportedly sacked Tesla’s entire Supercharger team, including his top female manager

Tesla's dense network public fast chargers has been such an effective moat against competition that its U.S. rivals began last year requesting access...

yesterday 6

Fortune

Christiaan Hetzner

Elon Musk says any company—not just Tesla—that isn’t spending $10 billion on AI this year won’t be able to compete

Tesla is in the midst of pivoting away from a primary focus on boosting sales volumes of electric vehicles towards leading the field in real world AI.

previous day 10

Fortune

Christiaan Hetzner

Departing top Tesla exec cashes out almost his entire stake for $181 million as longtime bull Ron Baron calls bottom in the stock

Baron, whose largest position is in Tesla, is betting the new shift in strategy for Tesla's low cost car will fill its increasingly empty factories.

26.04.2024 10

Fortune

Christiaan Hetzner

Top Apple analyst warns Vision Pro demand fell much faster than anticipated

'The challenge for Vision Pro is to address the lack of key applications, price and headset comfort,' warned Apple analyst Ming-Chi Kuo.

25.04.2024 3

Fortune

Christiaan Hetzner

'War-time mode' Musk restores investor faith in Tesla’s growth story by accelerating plans to launch new models

The Tesla CEO scrapped plans to build his low-cost car using a revolutionary new technique, opting to save money and bring the model to market sooner...

24.04.2024 10

Fortune

Christiaan Hetzner

Elon Musk slashes price for Tesla’s vaunted self-driving tech by a full third—FSD now costs as much as in 2020

After selling for $15,000 as recently as August, the price to buy FSD has now dropped to just $8,000 as Musk struggles to sell enough people on the...

22.04.2024 10

Fortune

Christiaan Hetzner

Netflix shocks market with plan to stop reporting subscribers once growth wave from password-sharing crackdown is over

After harvesting most of the low-hanging fruit, Netflix may struggle from 2025 onward to show further gains unless it starts investing heavily in live...

19.04.2024 10

Fortune

Christiaan Hetzner

How to get workers to stop fearing AI and embrace change? Build 'AI playfulness' teams, expert urges

"Humans are experts at knowing where their jobs are terrible,” says Suzy Levy, managing director at The Red Plate.

18.04.2024 4

Fortune

Christiaan Hetzner

Tesla plan to re-run vote on Elon Musk’s record pay deal—now worth $45bn—has a fatal flaw, warns Tulane law professor

By framing the June vote as a reward for past deeds, Tesla's board could end up making itself liable to a new legal challenge—this time against...

18.04.2024 10

Fortune

Christiaan Hetzner

AI deepfakes could decide U.S election, experts warn

Political strategists warn of a 'race to the bottom' as AI supercharges the spread of fake news.

18.04.2024 20

Fortune

Christiaan Hetzner

Tesla asks shareholders to restore Musk’s pay package: ‘Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years’

The package was ruled null and void in January after a Delware court felt investors were not informed that Musk had been allowed to decide the terms...

17.04.2024 9

Fortune

Christiaan Hetzner

AI could gobble up a quarter of all electricity in the U.S. by 2030 if it doesn’t break its energy addiction, says Arm Holdings exec

‘ChatGPT requires 15 times more energy than a traditional than a traditional web search,’ warns Arm’s Ami Badani at Fortune's Brainstorm AI...

16.04.2024 10

Fortune

Christiaan Hetzner

Expert argues AI won't lead to mass layoffs for workers anytime soon: 'Look at when we were promised fully autonomous cars'

For years, tech executives have predicted self-driving cars would revolutionize our daily lives, only to be proven wrong time after time.

15.04.2024 10

Fortune

Christiaan Hetzner

Biden urged to ban China-built EVs by influential Capitol Hill lawmaker

Sherrod Brown, whose seat in the heavily contested battleground state of Ohio is up for grabs in November, calls a ban "a matter of economic and...

12.04.2024 6

Fortune

Christiaan Hetzner

Donald Trump booted from prestigious list of billionaires after Truth Social parent’s swan dive

Trump was booted from Bloomberg's index of the 500 wealthiest people in the world after shares in Trump Media and Technology Group tumbled.

11.04.2024 9

Fortune

Christiaan Hetzner

Donald Trump’s net worth shrunk by over $2 billion in one week

Shares in Trump Media and Technology Group have plummeted over 50% from their peak.

09.04.2024 10

Fortune

Christiaan Hetzner

Musk threatens to reveal information on Brazilian judge that would paint him as a traitor

Musk finds himself in the middle of an internal Brazilian affair after judge Alexandre de Moraes allegedly sought to weaponize the platform’s...

08.04.2024 20

Fortune

Christiaan Hetzner

Bob Iger says Nelson Peltz ‘didn’t bring any new ideas’—but the activist investor insists he'll be back if Disney fails to keep promises

Asked about Elon Musk's personal vendetta over pulling ad spending from X, the Disney boss calls the repeated attacks as irrelevant, saying 'I ignore...

05.04.2024 20

Fortune

Christiaan Hetzner

Elon Musk says he’s increasing salaries for Tesla engineers because Sam Altman’s OpenAI keeps trying to recruit them

Claiming his staff is tempted to leave for Sam Altman's company gives Musk all the justification he needs to reassign Tesla workers to his xAI startup...

04.04.2024 9

Fortune

Christiaan Hetzner

Elon Musk promises to 'definitely' buy Disney stock if investors elect Nelson Peltz to the board

Activist investor Bill Ackman, meanwhile, calls for SEC to punish Disney over leaks that undermined Peltz's chances at joining the board.

03.04.2024 10

Fortune

Christiaan Hetzner

Adidas halts sale of some German national team jerseys following resemblance to Nazi SS logo

Still reeling from the Kanye West scandal and its loss of the German national team kit deal, The athletic gear brand points the blame for the fiasco...

02.04.2024 5

Fortune

Christiaan Hetzner

OpenAI tipped to become the world’s first trillion-dollar privately-held startup by former Google China president 

Kai-Fu Lee believes the company at the forefront of generative AI could join the trillion dollar club in as little as two years time.

28.03.2024 6

Fortune

Christiaan Hetzner

Leading China VC Kai-Fu Lee warns an investor reckoning is coming for unprofitable AI companies

The "science fair phase needs to end," Lee warned.

28.03.2024 8

Fortune

Christiaan Hetzner

Larry Fink joins Jamie Dimon and Jerome Powell is sounding the alarm on 'snowballing' national debt: 'The situation is more urgent than I can ever remember'

Rising fiscal deficits have fuelled America's gravity-defying economic growth, but bond investors may revolt, plunging the country into a decade of...

27.03.2024 10

Fortune

Christiaan Hetzner

Elon Musk tells staff they must now demonstrate FSD self-driving tech to customers as ‘almost no one realizes how well it works’ 

The Tesla CEO is even prepared to take a slowdown on sales.

27.03.2024 10

Fortune

Christiaan Hetzner

China's brutal EV war forces BYD to cut starting price for its flagship Tesla Model 3 competitor 

Despite speculation China's price war is easing, Tesla's troubles only grow as the Model 3 faces heightened pressure from a key rival.

25.03.2024 8

Fortune

Christiaan Hetzner

Tesla boss Elon Musk trolls Boeing, but it's his own growth story where the wheels are coming off

With no more room to cut prices, the high rates of year-on-year sales growth could collapse this quarter, leaving a major dent in Tesla's equity...

23.03.2024 10

Fortune

Christiaan Hetzner

Bentley CEO says sales are down because the rich are experiencing ‘emotional sensitivity’ due to the cost of living and don’t want to flaunt their wealth with a new luxury car

Adrian Hallmark won't have to worry about Bentley any more as he sets sails for performance brand Aston Martin, where a whole different set of...

22.03.2024 20

Fortune

Christiaan Hetzner

Musk’s Neuralink says the first human to have a chip implanted in his brain can now play video games using his mind

29-year old Noland Arbaugh has already picked out his costume for Halloween—he's going as Marvel's wheelchair-bound telepath Professor X.

21.03.2024 20

Fortune

Christiaan Hetzner

Sam Bankman-Fried says he's painted as a 'depraved super-villain' by prosecutors in FTX case and argues 50 years imprisonment is a death sentence

Lawyer Mark Mukasey argues no one ever convicted of a non-violent crime has ever been imprisoned for 50 years and lived long enough to be released.

20.03.2024 8

Fortune

Christiaan Hetzner

YouTube’s biggest star MrBeast is offering $5m to contestants in the ‘largest game show in history’ on Amazon Prime: ‘They’ll let me do whatever I want’

No expense will be spared as YouTuber Jimmy Donaldson seeks to break out of the confines of social media and prove he can go mainstream.

19.03.2024 10

Fortune

Christiaan Hetzner

Bob Iger offers a rare glimpse into how much Disney raked in from his Marvel and Star Wars deals 

Disney's veteran boss is facing the biggest challenge to his authority yet in the form of activist investor Nelson Peltz.

18.03.2024 10

Fortune

Christiaan Hetzner

OpenAI tech chief admits election misinformation is a concern ahead of Sora launch

Over half the world's population will cast a ballot this year. The latest AI technology makes it harder for voters to distinguish between what is real...

15.03.2024 10

Fortune

Christiaan Hetzner

Elon Musk fires Don Lemon from X show and brands the host a CNN stooge over interview with him he didn’t like

The X owner bristled over the of questioning in Lemon's maiden interview for the platform, ending the deal before the first episode could even be...

14.03.2024 6

Fortune

Christiaan Hetzner

Sam Altman’s OpenAI comes out swinging against ‘incoherent’ and ‘frivolous’ Musk in new lawsuit

Musk's case is based on a fiction 'conjured to lay unearned claim to the fruits of an enterprise he initially supported, then abandoned, then watched...

12.03.2024 5

Fortune

Christiaan Hetzner

'Dr. Doom' economist warns Trump re-election is ‘greatest threat’ to face global markets right now

A combination of punitive import tariffs and more tax cuts could potentially spark an investor revolt and lead to the next financial crisis.

11.03.2024 10

Fortune

Christiaan Hetzner

Half of Elon Musk’s charitable spending appears to benefit tycoon’s empire, including a tiny non-profit school full of his own children

Musk's non-profit is below par when it comes to meeting its mandatory annual donation requirement under U.S. tax laws.

11.03.2024 20

Fortune

Christiaan Hetzner

Boeing ups employee incentives to build safer planes by tying bonuses to safety and quality goals

In January, a door plug in the fuselage of an almost new Boeing 737 Max 9 was sucked off due to multiple bolts missing.

08.03.2024 10

Fortune

Christiaan Hetzner

Elon Musk quietly takes down post calling Mackenzie Scott a threat to civilization for giving billions away to social justice causes

Musk rarely backs down when voicing his opinion, but this time even he appears to have felt he crossed the line by condemning her charitable...

07.03.2024 7

Fortune

Christiaan Hetzner

Tesla-rival Rivian needs a home run when it unveils the new R2 crossover

R2 will either catapult Rivian into the big leagues—or potentially doom it.

07.03.2024 3

Fortune

Christiaan Hetzner

Musk’s German Tesla plant suffers close to $1bn in damages after attack by the ‘dumbest eco-terrorists on Earth’

The Volcano Group set a high-voltage power mast ablaze, bringing production at Tesla's Gigafactory to a complete halt.

06.03.2024 30

Fortune

Christiaan Hetzner

Spotify CEO Daniel Ek warns Apple wants to 'close down the Internet and make it theirs’

Ek wages a war of words with Apple, which accuses Spotify of being a corporate freeloader that is the true dominant player in the market.

05.03.2024 40

Fortune

Christiaan Hetzner

Marc Andreessen says OpenAI is the ‘security equivalent of swiss cheese’ and a tempting target for Chinese espionage

OpenAI co-founder Elon Musk adds it would certainly be easy for a state actor to steal its intellectual property.

04.03.2024 8

Fortune

Christiaan Hetzner

President Biden warns flood of Chinese cars pose risks to U.S. national security—'I’m not going to let that happen on my watch'

The administration targets China's ascendent auto industry as it bids to win support in key industrial swing states like Michigan, where Biden trails...

01.03.2024 8

Fortune

Christiaan Hetzner

Salesforce founder Marc Benioff really doesn’t want people to know he bought 600 acres of land in Hawaii worth $100 million

The billionaire kept tabs on NPR reporter Dara Kerr's movements on Hawaii, learned personal details relating to her family, and reached out personally...

29.02.2024 10

Fortune

Christiaan Hetzner

Banks throw Polestar $1 billion lifeline after China’s Geely pledges to support its ailing EV maker

After large shareholder Volvo refused to continue financing Polestar's business, questions arose whether the latter would be able to survive the...

29.02.2024 10

Fortune

Christiaan Hetzner

Elon Musk promises Tesla fans the Roadster is coming with a 0-60 time below a second—'there will never be another car like this'

The Tesla CEO is holding out hope for an unveiling by year-end, with a release date sometime in 2025.

28.02.2024 3

Fortune

Christiaan Hetzner

Sundar Pichai blasts Google staff for offending customers with Gemini AI bias— 'to be clear, that’s totally unacceptable'

In an internal email, Sundar Pichai said Gemini's responses risked damaging trust in the company's technology.

28.02.2024 4

Fortune

Christiaan Hetzner

BYD Americas boss claims carmaker has no interest expanding into Tesla’s home market as she prefers to focus on EV laggards Brazil and Mexico 

As the months count down to the election, BYD plans to pick the site of a new factory in Mexico that could, but won't, export EVs to the United...

27.02.2024 6

Fortune

Christiaan Hetzner

As Nvidia hits $2 trillion, billionaire Marc Rowan’s asset manager Apollo calls AI a “bubble” worse than even the dotcom era 

Cathie Wood's ARK Invest fund manager appears to agree—she has been reducing her holdings in AI semiconductor stocks

26.02.2024 30

Fortune

Christiaan Hetzner

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