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Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks about voting during an America PAC Town Hall in Folsom, Pennsylvania, U.S., October 17, 2024. 

Rachel Wisniewski | Reuters

Elon Musk said Saturday that he would randomly award $1 million a day to registered voters who sign a petition for his pro-Trump political action committee in an effort to get his fans in swing states to the polls.

Speaking at an America PAC event in Harrisburg, Pennsylvania, Musk said, “I have a surprise for you,” adding that the prize money is available “every day from now until the election.”

Musk then called up a man named John Dreher, who he said was one of the petition signees in attendance, and handed him a giant check.

“I think think is kind of fun, and you know, it seems like a good use of money basically,” said the Tesla CEO, who is worth almost $250 billion.

Musk, who is also CEO of defense contractor SpaceX and owner of social media platform X, embarked on a speaking tour in Pennsylvania to drive voter registration in his support of the Republican nominee. He called the state the “linchpin” in this election.

“How Pennsylvania goes I think is how the election goes,” Musk said.

The deadline to sign the petition is Monday night, which is the day Pennsylvania’s voter registration closes. The petition, posted on the America PAC website, said that to be eligible for payments, signees “must be registered voters of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, or Wisconsin.”

I find Elon Musk's foray into politics 'really off-putting', says Musk biographer Walter Isaacson

Rick Hasen, a UCLA law professor and NBC news election law analyst, said in a blog post that Musk’s initiative appears to be a violation of federal election laws, specifically one that says a person who “pays or offers to pay or accepts payment either for registration to vote or for voting shall be fined not more than $10,000 or imprisoned not more than five years, or both.”

“Certain things in this country can be sold, and certain things we have decided should not be for sale,” Hasen told CNBC in an interview. “Congress has determined you should not be able to sell your vote to the highest bidder, and we should not have the political process distorted by people with the most wealth who may try to get you to vote in a certain way.”

CNBC reached out to Musk and one of his advisors for comment, but they didn’t respond.

In an interview with NBC’s “Meet the Press” on Sunday, Pennsylvania Democratic Gov. Josh Shapiro said Musk’s plan to give money to registered voters in his state is “deeply concerning” and “it’s something that law enforcement could take a look at.”

Floating conspiracy theories

At pro-Trump events, Musk has pushed debunked voter fraud conspiracies, called for deregulation, and repeatedly characterized President Biden and Vice President Kamala Harris, Trump’s rival, as replaceable “puppets.”

“No one’s even bothering to try to kill Kamala, you know, because there’s no point,” Musk said on Saturday, repeating a line he’s used in the past that caught the attention of the secret service. “I’m not suggesting someone should try to kill her, it would be pointless, but I’m just saying. I’m just making an observation.”

Musk said in his appearances that he views many government agencies and regulations in the U.S. as ineffective and unnecessary. Trump has taken up an idea floated by Musk to create a government efficiency commission, and said the tech magnate would be a big part of the commission.

“We should not trust the government, really. We just shouldn’t,” Musk said Harrisburg. “Even if I’m in the government, don’t trust the government.”

While Musk’s companies have long relied on government spending and support, he’s berated the Federal Communications Commission, the Environmental Protection Agency, Federal Aviation Administration and National Oceanic and Atmospheric Administration Fisheries for holding SpaceX back.

“We get crazy things,” Musk said, “like SpaceX got fined $140,000 for dumping potable drinking water on the ground at Starbase.”

As CNBC previously reported, SpaceX has repeatedly discharged hot, industrial wastewater into the wetlands surrounding the company’s launch pad in Boca Chica, Texas, which the EPA found was a Clean Water Act violation.

SpaceX Falcon Heavy rocket with the Clipper spacecraft sits on launch pad 39A before the launch at the Kennedy Space Center in Florida on October 14, 2024.

Chandan Khanna | Afp | Getty Images

Musk mocked NOAA Fisheries for asking SpaceX to conduct a study to predict how its rockets could impact sharks and whales if they fall into the ocean.

“I’m like, it’s a big ocean, you know, there’s a lot of sharks. It’s not impossible, but it’s very unlikely,” Musk said. The agency’s mission is to “conserve America’s coastal and marine resources.”

Musk’s animosity towards President Biden picked up in 2021, when the White House declined to invite Tesla to an electric vehicle summit.

“You know, Tesla’s about 140,000 people — it’s like there’s a lot of blood, sweat and tears from people working hard to make great electric cars,” Musk said on Saturday. “To be could-shouldered like that for no reason. It’s like, what’s the deal?”

Musk has long battled unions, and Tesla was charged with union-busting before the EV summit. Biden has maintained a pro-labor platform throughout his presidency.

One attendee in Harrisburg asked Musk if he believed that self-driving cars should eventually be mandatory if they can perform more safely in traffic than human drivers. Tesla has promised customers a “robotaxi” for years, but never produced one.

Musk suggested he was against anything federally mandated.

“We should just get the government out of things and let the market figure it out,” he said. “I’m generally against government. With that, I’d like to thank you all for coming. It’s been an honor to speak with you.”

Musk only mentioned Trump sparingly throughout the evening, and didn’t discuss his policies or record as president in any detail.

WATCH: Elon Musk gives $75 million to pro-Trump PAC

Elon Musk gives $75 million to pro-Trump PAC

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Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally

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Bitcoin rises to fresh record above 2,000, helped by Nvidia-led tech rally

The logo of the cryptocurrency Bitcoin can be seen on a coin in front of a Bitcoin chart.

Silas Stein | Picture Alliance | Getty Images

Bitcoin hit a fresh record on Wednesday afternoon as an Nvidia-led rally in equities helped push the price of the cryptocurrency higher into the stock market close.

The price of bitcoin was last up 1.9%, trading at $110,947.49, according to Coin Metrics. Just before 4:00 p.m. ET, it hit a high of $112,052.24, surpassing its May 22 record of $111,999.

The flagship cryptocurrency has been trading in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds. Bitcoin purchases by public companies outpaced ETF inflows in the second quarter. Still, bitcoin is up just 2% in the past month.

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Bitcoin climbs above $112,000

On Wednesday, tech stocks rallied as Nvidia became the first company to briefly touch $4 trillion in market capitalization. In the same session, investors appeared to shrug off the latest tariff developments from President Donald Trump. The tech-heavy Nasdaq Composite notched a record close.

While institutions broadly have embraced bitcoin’s “digital gold” narrative, it is still a risk asset that rises and falls alongside stocks depending on what’s driving investor sentiment. When the market is in risk-on mode and investors buy growth-oriented assets like tech stocks, bitcoin and crypto tend to rally with them.

Investors have been expecting bitcoin to reach new records in the second half of the year as corporate treasuries accelerate their bitcoin buying sprees and Congress gets closer to passing crypto legislation.

Don’t miss these cryptocurrency insights from CNBC Pro:

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Perplexity launches AI-powered web browser for select group of subscribers

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Perplexity launches AI-powered web browser for select group of subscribers

Dado Ruvic | Reuters

Perplexity AI on Wednesday launched a new artificial intelligence-powered web browser called Comet in the startup’s latest effort to compete in the consumer internet market against companies like Google and Microsoft.

Comet will allow users to connect with enterprise applications like Slack and ask complex questions via voice and text, according to a brief demo video Perplexity released on Wednesday.

The browser is available to Perplexity Max subscribers, and the company said invite-only access will roll out to a waitlist over the summer. Perplexity Max costs users $200 per month.

“We built Comet to let the internet do what it has been begging to do: to amplify our intelligence,” Perplexity wrote in a blog post on Wednesday.

Perplexity is best known for its AI-powered search engine that gives users simple answers to questions and links out to the original source material on the web. After the company was accused of plagiarizing content from media outlets, it launched a revenue-sharing model with publishers last year.

In May, Perplexity was in late-stage talks to raise $500 million at a $14 billion valuation, a source familiar confirmed to CNBC. The startup was also approached by Meta earlier this year about a potential acquisition, but the companies did not finalize a deal.

“We will continue to launch new features and functionality for Comet, improve experiences based on your feedback, and focus relentlessly–as we always have–on building accurate and trustworthy AI that fuels human curiosity,” Perplexity said Wednesday.

WATCH: Perplexity CEO on AI race: The market of providing answers to questions will become a commodity

Perplexity CEO on AI race: The market of providing answers to questions will become a commodity

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Retailers log $7.9 billion in online sales in first 24 hours of Prime Day

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Retailers log .9 billion in online sales in first 24 hours of Prime Day

A worker sorts packages on Amazon Prime Day in New York on July 8, 2025.

Klaus Galiano | Bloomberg | Getty Images

U.S. online sales jumped 9.9% year over year to $7.9 billion on Tuesday, the kickoff of Amazon‘s Prime Day megasale, according to Adobe Analytics.

At that level, it marks the “single biggest e-commerce day so far this year,” Adobe said. It also eclipsed total online spending during Thanksgiving last year, when sales on the holiday reached $6.1 billion.

Amazon’s Prime Day bargain blitz began on Tuesday and lasts through Friday. The event, first launched in 2015 as a way to hook new Prime members, has pushed other retailers to launch counterprogramming.

Walmart‘s six-day deals event also started Tuesday, while Target Circle Week kicked off on Sunday and Best Buy launched a Black Friday in July promotion that began Monday.

Home and outdoor goods showed signs of strong demand during the first day of Amazon’s discount event, said Kashif Zafar, CEO of Xnurta, an advertising platform that serves more than 20,000 online businesses.

Read more CNBC Amazon coverage

Other historically well-performing categories such as beauty and household essentials saw softer demand early on, but could see demand pick up as Prime Day continues, he added.

“Early Prime Day numbers might look soft compared to last year’s surge, but it’s too early to call the event a miss,” Zafar said in an email. “With four days instead of two, we’re seeing a different rhythm, consumers are spreading out their purchases.”

Adobe expects online sales to reach $23.8 billion across all retailers during the 96-hour event, a level that’s “equivalent to two Black Fridays.”

U.S. online shoppers spent $14.2 billion during the 48-hour Prime Day event last year, according to Adobe.

This year’s Prime Day is landing at an uncertain time for retailers and consumers as they grapple with the fallout of President Donald Trump‘s unpredictable tariff policies.

U.S. consumer confidence worsened in June after improving in May as Americans remained concerned about the tariffs’ effect on the economy and prices, according to the Conference Board.

Amazon CEO Andy Jassy said last month the company hasn’t seen prices “appreciably go up” on its site as a result of tariffs.

Some third-party sellers previously told CNBC they were considering raising or had already raised the price of some of their products manufactured in China as the cost of tariffs became burdensome.

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