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Tech

Elon Musk defends ketamine use as ‘beneficial for investors’

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In a candid interview with former CNN anchor Don Lemon, Tesla CEO Elon Musk defended his use of ketamine, asserting that it was beneficial for Tesla’s investors.

The video interview, posted online on Monday, delved into various topics, including politics, content moderation on Musk’s social media platform, X, and the operations of Tesla.

Musk, who later canceled a partnership with Lemon, cited the drug’s role in managing a “negative chemical state” akin to depression. He emphasized that consistent performance and execution were paramount for investors, regardless of personal methods employed to maintain productivity.

“For investors, if there’s something I’m taking, I should keep taking it,” Musk remarked, highlighting the significance of maintaining stability and focus in the business realm.

Drug use

The interview comes amidst reports from The Wall Street Journal earlier this year, which alleged Musk’s past use of drugs such as LSD, cocaine, ecstasy, and psychedelic mushrooms, sparking concerns among executives and board members of his companies.

These revelations raised worries about potential violations of federal policies that could endanger SpaceX’s government contracts.

Responding to the Journal’s report, Musk stated that he had consented to three years of random drug testing at the behest of the National Aeronautics and Space Administration (NASA), SpaceX’s partner.

No drugs or alcohol

He affirmed that no traces of drugs or alcohol were found in the tests.

Regarding his ketamine use, Musk disclosed that he possessed a doctor’s prescription for the drug and estimated consuming “a small amount every other week.”

Lemon questioned the purpose of Musk’s ketamine prescription and whether it might affect his government contracts and Wall Street standing. Musk’s assertion of its benefits for managing his mental state served as his response.

The interview, initially intended for Lemon’s show on Musk’s social media platform, X, was later posted on YouTube and X after Musk terminated the exclusive partnership.

Musk justified the cancellation by expressing dissatisfaction with Lemon’s approach, likening it to traditional CNN programming.

Despite requests for comment, Musk remained silent on the matter, leaving his remarks in the interview to speak for themselves.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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News

Tesla’s robotaxi reveal sparks excitement

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Analysts and investors are eagerly awaiting Elon Musk’s big reveal—a fully functional autonomous vehicle that could revolutionise ride-hailing.

Tesla’s stock has soared 52% since Musk first announced the event in April, reflecting high hopes for the launch of its much-anticipated robotaxi.

The vehicle, dubbed the “Cybercab,” is said to be a sleek, two-seater without a steering wheel or pedals—straight out of the future.

Tesla also teased a ride-hailing app that will summon these driverless cars to pick up riders at their chosen locations.

Not convincing

But not everyone is convinced—some analysts warn that while Musk’s vision is bold, the timeline for these innovations may not deliver immediate results.

Musk has a history of overpromising on autonomous tech, and this event might be more about grand ideas than tangible products.

Tesla first floated the robotaxi idea in 2016, with Musk hinting at a future where owners could lease their cars to others for extra income.

If the software keeps pace with Musk’s ambitions, the future of driverless Teslas might be closer than we think.

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Leaders

Experts reveal AI’s impact on the retail experience in Australia

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AI has become a game-changer for marketers and retailers in Australia, with many consumers reacting positively to AI integration in the retail environment.

 

Retailers are using AI to optimise inventory, personalise shopping, and improve customer service through advanced chatbots.

Shoppers now enjoy personalised recommendations and seamless online shopping experiences.

Predictions suggest more personalised experiences and smarter shopping platforms within the next 12 months.

Will Wilson, RVP of Sales APJ at SAP Emarsys joins to share his insights into how AI is streamlining success on a large scale.

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