Disney is the latest big company to have its data leaked online.
Hacking group Nullbulge said it published internal Slack information from "almost 10,000 channels."
For weeks, an X account had warned the company that it had been hacked and a leak was coming.
An apparent leak has made messages, files, code, and other data from Disney's internal Slack public.
A hacking group known as Nullbulge claimed responsibility for the leak in a blog post. In it, it said people could gain details on Disney's planned projects, some log-in information, and more, all taken from the company Slack messaging system.
Nullbulge said it accessed "almost 10,000 channels" to dump "every message and file possible." The group remains anonymous but said its mission includes advocating for artist rights, The Wall Street Journal reported. Business Insider couldn't verify Nullbulge's claims regarding the size of the hack.
Disney artist contracts, "approach to AI," and "blatant disregard for the consumer" motivated the group to target the entertainment company, according to the Journal.
The X account @NullBulgeGroup spent weeks posting about infiltrating Disney's Slack. One post from July 4 appears to show a dashboard with the daily attendance at Disneyland Paris.
A Disney spokesperson told BI that the company is investigating the matter.
Disney is the latest major corporation to experience a data leak in the past week. On Friday, AT&T said that hackers stole "nearly all" of its customers' call and text records.
An unidentified Nullbulge spokesperson gave the Journal some insight into why hackers might release data first and ask questions later.
"If we said, 'Hello Disney, we have all your Slack data,' they would instantly lock down and try to take us out. In a duel, you better fire first," the spokesperson said.
The Supreme Court has created a perfect storm for the lower courts to be inundated with legal challenges on everything from the applications of regulatory laws to the scope of the presidency's power.
Stefani Reynolds/Bloomberg
Several important Supreme Court decisions this term dealt with questions of executive power.
Intwo rulings, SCOTUS expanded presidential power and limited the rest of the executive branch.
Where the Court limited the executive branch, it granted power to the judiciary, experts told BI.
With its rulings this term, the Supreme Court created a perfect storm for the lower courts to be inundated with legal challenges on everything from the applications of regulatory laws to the scope of the presidency's power.
In doing so, the high court has set up a political chessboard through which the judicial branch can claw power away from the established executive authority.
Meanwhile, some members of lower courts — such as US District Judge Aileen Cannon, in her Monday decision to toss out Donald Trump's classified documents case — are, intentionally or not, creating ways to assist SCOTUS in methodically shrinking the executive branch's power.
The Supreme Court's attack on executive power
Taken together, two specific Supreme Court decisions this term — on Loper Bright Enterprises v. Raimondo and Corner Post, Inc. v. Board of Governors of the Federal Reserve System — combined to create a window for an array of new lawsuits to challenge once-settled law and be reinterpreted by a deeply polarized court. And in the cunning way the high court's conservative majority phrased its decisions, the justices kept the power to clean up the mess for themselves.
In a ruling on June 28, the court overturned 40 years of precedent and rolled back the Chevron doctrine. Once considered a victory among conservative lawmakers because it had upheld a deregulatory interpretation of policy by the Reagan administration, the Chevron doctrine gave the Environmental Protection Agency — and federal agencies more broadly — the power to interpret ambiguous regulatory language in laws enacted by Congress, as long as the agency's interpretation was reasonable.
By rolling Chevron back, the Court decided it should no longer defer to executive branch interpretations of the laws involving its agencies. It has now limited the power of presidentially appointed officials to determine how their agencies should be run under existing laws.
"So that is, in theory, taking power away from unelected officials," Justin Crowe, a professor of political science at Williams University who researches the Supreme Court, told Business Insider. "But, where is that power going? It's not exactly going to the people or to elected officials. In some roundabout sense it might be going to Congress, but in reality, it's going to courts and judges, and giving courts and judges the ability to second-guess agency decisions."
Under the new rules, federal agencies wouldn't be the authority on the regulations they enforce. That means a plaintiff could challenge regulatory rules and enforcement methods by agencies like the EPA, Securities Exchange Commission, or Department of Health and Human Service, and the Court would be allowed to interpret the legal regulations, potentially siphoning even more power from the executive branch.
A one-two punch against regulation
Corner Post was decided on July 1, receiving less media attention than Loper did several days prior. But, when combined with the outcome of the Loperdecision, Corner Post "almost encourages the targets of administrative regulation to sue," according to Jonathan Entin, a retired constitutional law professor at Case Western Reserve University.
"Loper says no deference to the agency; the courts are supposed to interpret regulations. But the Corner Post case, which was a challenge to a Federal Reserve Board regulation about card swiping fees, may encourage loads of legal challenges," Entin, who clerked for former Supreme Court Justice Ruth Bader Ginsburg while she was in the DC Circuit, said.
In the Corner Postcase, Entin told BI, the Court expanded the six-year time limit for plaintiffs to bring lawsuits against federal agencies over their regulatory rules. The new limitations are no longer based on when the rule was implemented, as a lower court had determined. Instead, the high court decided the countdown begins when a plaintiff says they were injured by the rule — which "opens up every rule for renewed challenges by just anybody," Entin said.
This means that a plaintiff could sue over a rule enacted decades ago if they can make a case that they were hurt by the regulation within the last six years — like a newly created gas station suing over emissions regulations that it claims hinder its business, giving the current court a window to reinterpret old law.
With Corner Post, Entin said, the Supreme Court created a statute of limitations that, from the standpoint of federal agencies, never really expires.
A 'tsunami of lawsuits'
In her dissent in the Corner Post case, Justice Ketanji Brown Jackson noted that taken together, the Loper and Corner Post decisions would open up a "tsunami of lawsuits" from plaintiffs who have grievances with various federal regulations — from the Federal Reserve Board's fees for debit card processing to the Environmental Protection Agency's Clean Air Act and beyond.
Those inevitable legal challenges will offer the Court ample opportunities to weigh in — and flex its power — in the future.
But the Court didn't stop at giving itself the reins to interpret regulations that federal agencies are beholden to.
The most striking example might be the Supreme Court's ruling in Trump v. United States, in which the court granted widespread immunity to sitting presidents for official actions taken in office. But an insidious element of the Trumpcase is that it gave the judiciary the power to decide what exactly constitutes an official, protected, action, compared to an unofficial — and thereby unprotected — one.
In the Trumpcase, the Supreme Court offered Trump broad immunity for some of his acts concerning his January 6 election interference case. It also kicked some decisions back down to DC District Judge Tanya Chutkan to determine whether other elements of the charges against the former president would be protected by the "official act" immunity or if he could still be prosecuted for them.
Additional challenges from the Trump camp on Chutkan's decisions could land the case back on the Supreme Court's desk for more specific interpretation.
Similarly, Judge Cannon's Monday decision to toss out the former president's classified documents case will almost certainly find its way to the Supreme Court after appeal.
Cannon, who was appointed by Trump, ruled that the appointment of Special Counsel Jack Smith to prosecute the former president was unconstitutional because Smith was not approved by Congress to fill the role like other legal officers of the US who have the power to impanel grand juries and bring indictments.
Smith was assigned to the job by Attorney General Merrick Garland — a presidentially appointed position. Special counsels have historically been used for major cases in which Justice Department officials may have a conflict of interest, such as the Ronald Reagan-era Iran-Contra affair, Bill Clinton's Whitewater controversy, and the criminal investigation into Hunter Biden.
Clarence Thomas signaled in his opinion in the Supreme Court's immunity case ruling this month that he believes many types of special counsels are unconstitutional. It was only weeks after Thomas's opinion that Cannon made her ruling.
While other conservative justices have not so clearly stated their opinion on special counsels, a future ruling preventing their use would erode the right of the Attorney General's office to appoint special prosecutors, removing that power from the executive branch.
The pattern is not limited to the immunity case or those involving business regulations — it's part of a trend of the Supreme Court dismantling the non-presidential powers of the executive branch, rolling back laws, and reversing lower court rulings involving guns, emergency abortions, and where homeless people are allowed to sleep.
In the July 6 episode of Slate's Supreme Court analysis podcast "Amicus with Dahlia Lithwick," Senior Court Reporter Mark Joseph Stern said the Court spent this term expanding its power and "restructuring representative democracy to make it less representative and less democratic."
And it can keep happening no matter who is in the White House.
"It strikes me that this is a court that does not have a modest view of its own role," Entin told BI. "It has reached out to decide things that it didn't necessarily have to decide, and by doing so, it encourages other potential litigants to try to swing for the fences. And whether the court got these cases right or not, I think we're going to see more cases raising these sorts of issues come along."
The uninterrupted reign of "Poets" is rare for a streaming-era release. It's the first album ever by a female artist to spend its first 12 weeks atop the chart, surpassing a record previously held by Whitney Houston's 1987 blockbuster "Whitney." The all-time record for a consecutive streak among women is held by Carole King's masterpiece "Tapestry," which spent 15 weeks at No. 1 in 1971.
"I've spoken a lot about why I'm remaking my first six albums, but the way I've chosen to do this will hopefully help illuminate where I'm coming from," Swift explained. "Artists should own their own work for so many reasons, but the most screamingly obvious one is that the artist is the only one who really knows that body of work."
"For example, only I know which songs I wrote that almost made the 'Fearless' album," she continued. "Songs I absolutely adored, but were held back for different reasons."
Those skeptics were forced to eat their words when "Fearless (Taylor's Version)" began to outpace the original on streaming platforms. According to Billboard, "Fearless (Taylor's Version)" earned more equivalent album sales in its first week of release than "Fearless" earned over the entire next year.
7 (tie). "Speak Now (Taylor's Version)"
"Speak Now (Taylor's Version)" was released in 2023.
Taylor Swift/UMG
Billboard 200 peak: No. 1 for two weeks
The rerecorded version of Swift's third album featured six songs from the vault, including two duets: "Electric Touch" with Fall Out Boy and "Castles Crumbling" with Hayley Williams, one of Swift's oldest friends.
She returned with a new snake-infested aesthetic and "Look What You Made Me Do," a cheeky lead single that poked fun at her own persona.
Swift also declined to participate in interviews or media appearances while promoting her sixth album. Instead, she relied on a simple tagline: "There will be no further explanation. There will just be reputation."
6 (tie). "Evermore"
"Evermore" was released in 2020.
Beth Garrabrant/Taylor Swift
Billboard 200 peak: No. 1 for four weeks
"Evermore" was surprise-released just five months after Swift's previous album, "Folklore." The two were billed as "sister albums," created under near-identical conditions with the same team of collaborators.
"To put it plainly, we just couldn't stop writing songs," Swift explained on social media.
Swift's third album had a lot to live up to, following the blockbuster success of "Fearless."
In response to skeptics — who questioned whether the teen phenom was relying too heavily on her collaborators — Swift decided to write "Speak Now" entirely by herself. She is the only songwriter credited on the standard tracklist.
5 (tie). "Midnights"
"Midnights" was released in 2022.
Taylor Swift/UMG
Billboard 200 peak: No. 1 for six weeks
Swift's 10th studio album sold over 1 million copies in its debut week, the first to cross that seven-figure threshold since Swift's own "Reputation." (She has now achieved the feat on seven different occasions.)
"Midnights" also won album of the year at the Grammys, joining "Fearless," "1989," and "Folklore" in the prestigious group of victors. Swift is the only artist in history to win album of the year four times.
"Red" is Swift's fourth studio album. It featured a mishmash of Max Martin-produced pop bangers ("We Are Never Ever Getting Back Together," "I Knew You Were Trouble") and country-rock breakup anthems ("State of Grace," "Holy Ground").
Swift's fifth album marked her official pivot from country to pop music, a move that Swift said she had to "really fight — and I mean aggressively fight — to have happen."
In addition to its double-digit streak atop the Billboard 200, "1989" yielded several hit singles on the Hot 100, including "Shake It Off," "Blank Space," and "Bad Blood."
1. "The Tortured Poets Department"
"The Tortured Poets Department" was released in 2024.
Beth Garrabrant
Billboard 200 peak: No. 1 for 12 weeks
Swift's 11th studio album has not left the No. 1 slot since its debut in April, fending off new releases from stars like Dua Lipa, Billie Eilish, and, most recently, Zach Bryan.
Colorful sunglasses were the hit accessory of the 2024 Sun Valley Conference.
Kevork Djansezian/Getty Images
The Allen & Co. Sun Valley Conference, known as the "summer camp for billionaires," took place last week.
Several attendees were spotted wearing colorful, tinted sunglasses.
According to a celebrity stylist, the trend is as fashion-forward as it is functional.
Last week, the ultrawealthy flocked to Idaho for Allen & Co.'s annual Sun Valley Conference.
The conference, often called "summer camp for billionaires," started in the 1980s and brings some of the world's wealthiest and most powerful business leaders to one space for several days of presentations, outdoor activities, and networking. This year, it was held from July 9 to 13.
Sun Valley also doubles as a fashion trend pulse for the 1%, as high-profile attendees typically wear casual looks that offer a peek into their day-to-day style.
Pops of red and the classic tech-bro vest were in at Sun Valley 2024, but the weekend's standout style trend was a smaller accessory: tinted sunglasses.
Colorful sunglasses were the hit accessory of Sun Valley 2024
Oprah Winfrey and Gayle King at the Sun Valley Conference 2024.
Kevork Djansezian/Getty Images
Take a peek at some photos from the conference, and you'll quickly spot some of the richest people in the world wearing colorful lenses.
For instance, Oprah Winfrey and Gayle King were spotted walking side-by-side in purple and blue lenses. Winfrey also wore glasses with soft-brown lenses during the week's festivities.
Diane von Furstenberg and Barry Diller at the Sun Valley Conference 2024.
Kevork Djansezian/Getty Images
Likewise, Diane von Furstenberg sported taupe lenses alongside her husband, Barry Diller, who rocked bright yellow glasses. Film producer Brian Grazer was also photographed in yellow sunglasses.
Brian Grazer attends the 2024 Sun Valley Conference.
Kevork Djansezian/Getty Images
Celebrity stylist and author Kim Appelt told Business Insider that colorful sunglasses perfectly merge multiple trends that have been popular in 2024, including the revival of vintage fashion from the 1970s and 1990s.
"There's a retro revival right now with the '70s and '90s coming back, so these sunglasses obviously fit perfectly into that," she said.
Gen Z, in particular, has embraced retro looks. Still, as Sun Valley shows, multiple generations are jumping on board, according to Appelt, who recently styled Justin Bieber's mother, Pattie Mallette, in custom-tinted sunglasses from Holly Eyewear.
Appelt also noted that colorful sunglasses are an easy way for people to play with quiet luxury, so it made sense to her that Sun Valley attendees leaned into the trend.
"That's a big thing for billionaires," she said. "They don't want to be overly flashy."
Perhaps the trend caught on at Sun Valley because attendees' futures are so bright they need a little help shading them. However, according to Appelt, the sunglasses likely appeal to the group because they are as functional as they are stylish. Plus, they help the wearer balance privacy and being seen when they're likely to be photographed in public.
"If you're a little tired, but maybe it's not super sunny out, you've got a tinted pair," she said, adding that they give you "a little bit of privacy without really obscuring your view."
Lauren Sánchez and Jeff Bezos at the Sun Valley Conference 2024.
Kevork Djansezian/Getty Images
There are many ways to play with the trend
If you want to try the trend, there are high-end and more affordable glasses in nearly every shape and size imaginable.
Holly Sharma of Holly Eyewear recommends glasses from Linda Farrow or Gucci if you want to splurge on high-end tinted sunnies. For instance, Linda Farrow's $1,075 Magali Angular Sunglasses, which have a narrower fit, can be made with purple or green lenses. At the same time, Gucci's ombre pink Cat-Eye Frame Sunglasses cost $650 and are printed with the Gucci label on the frames themselves.
Bellevue Gold Ltd (ASX: BGL) shares had a tough session on Monday.
The ASX gold stock dropped 5% to close the day at $1.93.
While this is disappointing for shareholders, analysts at Goldman Sachs believe it could be a buying opportunity for the rest of us.
What is the broker saying about this ASX gold stock?
The team at Goldman Sachs notes that Bellevue Gold achieved its production guidance in the second half of FY 2024. Though, it does concede that the gold miner fell a touch short of its estimates. It said:
BGL reported gold production of ~43koz, in line with 2H guidance though slightly below GSe/Visible Alpha Consensus on lower mill rates as the production ramp up stabilises (commercial production declared early May).
The broker also notes that later this month more will be revealed on its production plans for FY 2025. Goldman is expecting a large increase on FY 2024’s total production of 80k ounces. It said:
FY25/multi-year production and cost guidance is set to be released later this month (likely around the site visit on 31st July), with BGL forecasting recoveries to improve as a more consistent stockpile blend grade is maintained (following higher stoping/mine grades in the quarter), where we factor in production/AISC of 192koz/~A$1,515/oz, respectively.
Time to buy
In response to the update, the broker has reaffirmed its buy rating and $2.15 price target on the ASX gold stock. Based on its current share price of $1.93, this implies potential upside of approximately 11.5% for investors over the next 12 months.
Goldman likes the company due to its low cost production expansion opportunity and strong free cash flow generation. It explains:
We rate BGL a Buy, where low cost expansions support production upside. On valuation, while now trading broadly in line with peers at our LT gold price of US$1,800/oz (peer average ~1.1x NAV and ~US$1,900/oz), near-term FCF yields of c. 10% in FY25/26 remain attractive vs. peers (despite ~25% of medium-term gold sales being hedged at ~A$2,700-2,900/oz). We note mine optionality supports further exploration upside, where a 5-year resource extension adds ~A$0.4bn/A$0.5bn (~20%/25%) to our valuation under a 1.2Mtpa and 1.5Mtpa processing scenario, respectively, for which we capture some upside in our nominal value.
All in all, the broker believes this could make Bellevue Gold a good ASX gold stock to buy if you are looking for exposure to this side of the market right now.
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The Global X Fang+ ETF (ASX: FANG) has been a very strong-performing exchange-traded fund (ETF), but I think it still has a lot of return potential from here.
The FANG ETF owns a portfolio of 10 of the largest and most compelling technology and tech-related businesses in the US.
Those ten names are: Tesla, Snowflake, Amazon.com, Apple, Alphabet, Meta Platforms, Microsoft, Netflix, Broadcom and Nvidia.
Collectively, those companies have done very well, and it’s showing for the fund’s returns.
FANG ETF performance
The performance of an ETF is dictated by the returns of the underlying holdings.
This ETF was created in February 2020 and has done well since then. Since its inception, the FANG ETF has returned an average of 32.6% per annum. Over the past three years, it has returned an average of 21.4% per annum. In the last 12 months, it has returned 42%.
Those are very strong returns. But first, we should be very clear that past performance is not a guarantee of future performance or even a reliable indicator of future returns.
When share prices rise rapidly, it could mean that the subsequent shorter-term returns aren’t quite as good because the returns may have been front-loaded.
The annual management fee of the FANG ETF is just 0.35%, so the costs aren’t too much of a detractor.
Why I think good returns can continue
These stocks have been significant drivers of the US share market and the global share market.
Many of them are at the forefront of new products and services, with excellent tailwinds that seem nowhere near finished blowing.
The global digitalisation of business operations is very helpful for the cloud computing operators of Microsoft (Azure), Alphabet (Google Cloud) and Amazon (AWS).
The growth of online video has been huge for Netflix, and it also benefits Alphabet (YouTube) and some of the other FANG ETF holdings to a lesser extent.
AI has already been a huge growth area for Nvidia, Microsoft, and Alphabet. I think it could be an important earnings driver over the next few years.
Automated cars could be one of the next major growth runways that these businesses unlock. Alphabet’s Waymo is already providing driverless taxi rides, while Tesla is still working on it.
Augmented reality and virtual reality could be another earnings driver for some of these stocks, including Meta Platforms and Apple.
Foolish takeaway
The FANG ETF owns many of the stocks benefiting from global technological changes. While valuations can sometimes get ahead of themselves, these stocks are delivering more and more profit as the years go by, justifying higher share prices.
This fund certainly doesn’t look cheap, but I wouldn’t be surprised if it beats the S&P/ASX 200 Index (ASX: XJO) over the next five years because of the collective earnings growth potential of those US shares.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Foolâs board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Foolâs board of directors. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Netflix, Nvidia, Snowflake, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has recommended Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Netflix, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
On Monday, the S&P/ASX 200 Index (ASX: XJO) continued its charge and reached a new record close. The benchmark index rose 0.75% to 8,017.6 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
ASX 200 expected to fall
The Australian share market is expected to fall on Tuesday despite a decent start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 16 points or 0.2% lower. On Wall Street, the Dow Jones rose 0.5%, the S&P 500 climbed 0.3%, and the Nasdaq pushed 0.4% higher. All three indices closed at record highs.
Rio Tinto update
Rio Tinto Ltd (ASX: RIO) shares will be on watch on Tuesday when the mining giant releases its second quarter update. Goldman Sachs expects the company to fall short of consensus estimates with its iron ore shipments. It said: “[W]e expect RIO’s 2Q Pilbara iron ore shipments of 79Mt vs Consensus 82Mt as a result of train derailment early in the Q.” However, it thinks Rio Tinto will maintain its full year guidance. It adds: “We think RIO can make up the lost shipments in 2H and we model 330Mt (vs. 332Mt in 2023), in the middle of the 323-338Mt guidance range.”
Oil prices soften
It could be a subdued session for ASX 200 energy shares such as Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) after oil prices softened overnight. According to Bloomberg, the WTI crude oil price is down 0.4% to US$81.88 a barrel and the Brent crude oil price is down 0.25% to US$84.81 a barrel. A stronger US dollar weighed on oil prices.
Nanosonics rated as a hold
The Nanosonics Ltd (ASX: NAN) share price is almost fully valued according to analysts at Bell Potter. In response to the infection prevention company’s second half trading update, the broker has retained its hold rating with an improved price target of $3.45. This implies potential upside of 4.2% from current levels. It said: “Pleasing to see volumes rebounding after a difficult period in 1H24 where the market for capital sales in the US hospital system was very tight. We maintain our Hold rating.”
Gold price rises
ASX 200 gold miners Gold Road Resources Ltd (ASX: GOR) and Regis Resources Limited (ASX: RRL) could have a good session on Tuesday after the gold price rose overnight. According to CNBC, the spot gold price is up 0.25% to US$2,426.6 an ounce. Traders were buying gold after the US Federal Reserve indicated that rate cuts could be coming very soon.
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Elon Musk said he requested an important design change as he seemingly confirmed that Tesla's Robotaxi Day will be pushed back from August 8.
Richard Bord/Getty
Tesla's Robotaxi Day has been delayed to October, Bloomberg previously reported.
Elon Musk on social media confirmed Tesla needed "extra time" to redesign the front of the vehicle.
Musk has said Tesla's driverless taxi business will function like "a combination of Airbnb and Uber."
Elon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal.
Bloomberg reported last week that the event had been delayed from August 8 to October. The delay was relayed internally and the design team was told to modify some aspects of the vehicle, according to the report.
Musk spoke publicly about the delay for the first time in a social media post on Monday.
"Requested what I think is an important design change to the front, and extra time allows us to show off a few other things," Musk said on X.
The Tesla CEO's post was in response to a video posted by Tesla shareholder Warren Redlich examining the potential reasoning behind a delay.
Musk has said Tesla's driverless taxi business — which will eventually allow Tesla drivers to opt into adding their vehicles to the fleet when not in use — is meant to function like "a combination of Airbnb and Uber."
So far, we've only seen a preview of what the app element of the service could look like.
A few weeks ago, Tesla released a demo clip showing Rosalie Nathans, whose profile says she's a senior manager for used cars and online sales at Tesla, requesting the service on the app and getting in the vehicle. The app display in the video seemed to allow passengers options to personalize their experience by listing the car temperature, audio volume, and song playing on the display.
The apparent reveal event delay isn't a complete shock — Musk often underestimates how long it will take to bring the ideas he has to market, saying he tends to be optimistic about product timelines. The same happened with the Cybertruck, Tesla's Full Self-Driving software, and Starlink's high-speed internet access in remote areas.
Not much is known about Tesla's Robotaxi event aside from that the public will get a glimpse at whatever the company has been working on. Tesla's Full Self-Driving software, which would power the Robotaxis, is still in beta and a work in progress — it currently requires human oversight at all times in case an intervention is needed. Tesla is also facing a number of lawsuits and regulator scrutiny related to safety concerns over its self-driving software.
Tesla has yet to officially announce a new date for the Robotaxi event. The EV company did not immediately respond to a request for comment.
In selecting Sen. JD Vance of Ohio as his running mate, former President Donald Trump has made clear who is his heir apparent.
Jeff Swensen/Getty Images
Former President Donald Trump picked JD Vance as his running mate.
Vance was favored by the likes of Elon Musk and Donald Trump Jr.
In selecting Vance, Trump has made clear he wants to cement his takeover of the GOP.
Former President Donald Trump is running like he has nothing to lose.
On Monday, Trump announced that he had selected Sen. JD Vance of Ohio as his vice presidential pick. In selecting Vance, Trump stiff-armed the establishment and Wall Street voices that settled on another finalist, North Dakota Gov. Doug Burgum. Instead, the voices of Tesla CEO Elon Musk and Donald Trump Jr. held the most sway.
"I've seen him on TV," Trump Jr. told CNN on the convention floor shortly after Vance's selection was announced. "I've seen him prosecute the case against the Democrats. No one is more articulate than that."
While he was once an outspoken "Never Trumper," Vance is now the MAGA heir apparent. As the senator alluded to earlier this year, Trump can serve at most four more years as president. It means the 39-year-old is now in the prime position to cement the populist takeover of the Republican Party.
Trump's selection shows he is confident in his lead. In national polling, he is in the best place for a Republican presidential nominee in over two decades. His opponent, President Joe Biden, also threw the Democratic Party into chaos after a disastrous debate performance. It remains to be seen how the assassination attempt on Trump will alter the race. But almost immediately, Republicans have embraced Trump's defiant response.
Vance is a firebrand who rarely embraces subtlety. In May, he expressed skepticism that former Vice President Mike Pence's life was ever truly in danger during the Capitol riot. Hours after Trump survived an assassination attempt, Vance suggested that it was Democrats to blame for the shots being fired even before a suspect had been named or a motive identified. And yes, Vance once compared his now running mate to Hitler.
Like Trump, Vance has embraced conspiracies about the 2020 election. The Ohio Republican has also clearly stated that he would have done the opposite of what Pence did on January 6. A Vice President Vance would have allowed lawmakers to consider alternative slates of electors even if that meant that the certified election results of a particular state could be rejected.
President Joe Biden's campaign wasted no time tearing into Vance, illustrating the extent to which the president's reelection campaign may try to focus on him.
"Donald Trump picked J.D. Vance as his running mate because Vance will do what Mike Pence wouldn't on January 6: bend over backwards to enable Trump and his extreme MAGA agenda, even if it means breaking the law and no matter the harm to the American people," Biden-Harris 2024 Chair Jen O'Malley Dillon said in a statement.
Trump is betting that Vance will help him lock down states like Pennsylvania by extolling his blue-collar roots that were at the center Vance's New York Times bestseller "Hillbilly Elegy."
Vance was just sworn into the Senate last year. In terms of elected office experience, he would be one of the least experienced vice presidents in history.
Even in his short time in the chamber, Vance has staked out clear territory for himself. Among a group much closer to the Reagan-era GOP, the Ohioian has been an unrepentant populist in favor of protectionist trade policies. Like Trump, Vance has also strongly questioned sending defense aid to Ukraine.
Vance took his case against Ukraine aid to the Munich Security Conference in February. The gathering of the West's top defense officials was once a major stop for Sen. John McCain, who, more than any Republican, embodied the interventionist foreign policy that prized Europe's role in shaping the post-Cold War world.
In addressing the gathering, Vance said it was "time for a wake-up call."
Trump delivered one to the party he has forcibly molded in his image. Vance could make sure the GOP never goes back.
