Elon Musk is lobbying lawmakers on driverless vehicle rules
Elon Musk may have stepped away from his duties as the lead of the Department of Government Efficiency and adviser to President Trump, but he's still active in D.C. circles. This time, he's on the other side, lobbying lawmakers on legislation related to autonomous vehicles, according to a report by Bloomberg that cited unnamed sources.
Musk and others in his orbit have been calling members of Congress directly, according to Bloomberg. His efforts appear to be directed at a bill introduced May 15 called the Autonomous Vehicle Acceleration Act.
Musk has bet much of Tesla's future on AI, robotics, and autonomous vehicles. He has frequently tied the company's value to its investment and eventual commercialization of autonomous vehicles. And next month, Tesla is expected to launch a small and geofenced robotaxi service in Austin, Texas. Tesla also wants to eventually roll out autonomous vehicles — branded Cybercabs — that don't have a steering wheel or pedals. But today there are not clear federal rules or standards to allow such a vehicle to operate at scale.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
10 Brilliant Growth Stocks to Buy Now and Hold for the Long Term
Electric vehicles, next-generation data centers, semiconductors, digital technology, and machine vision are just a few of the investment themes explored. Some of these companies have encountered near-term headwinds, creating attractive buying opportunities. All these stocks have powerful underlying secular growth drivers. These 10 stocks could mint the next wave of millionaires › Not all of the growth stocks featured here will likely deliver outsize returns, so it makes sense to spread portfolio risk around a collection of holdings. In that line of thought, here are 10 growth stock ideas for investors to consider. They range from a couple of high-profile household names, such as Tesla (NASDAQ: TSLA) and Delta Air Lines (NYSE: DAL), to companies like Navitas Semiconductor (NASDAQ: NVTS) and Synopsys (NASDAQ: SNPS), which are less well known. You might want to consider buying and holding any (or all) of these equities long-term. The key to the investment case for Tesla lies in its promised robotaxis and unsupervised full self-driving (FSD) software, which is scheduled to launch on a limited basis beginning this week. Tesla is already a highly successful automaker and the dominant player in electric vehicles (EVs) in the U.S., and robotaxis offer the prospect of transforming it into a company able to generate high-margin and recurring revenue from owning its robotaxi fleet or revenue sharing from Tesla's transformed fleet using Full Self-Driving (FSD) software. There's also the dedicated robotaxi, Cybercab, and the potential to sell FSD on a subscription basis. And all of it will be supported by Tesla's market-leading position in EVs and its ability to develop affordable EVs in the future. Nvidia partners Navitas Semiconductor and Vertiv (NYSE: VRT) and the next generation of data centers, namely 800-volt (V) high voltage direct current (HVDC), which I've discussed in more detail elsewhere, so investors with the time and inclination can peruse. Nvidia believes they will be more efficient, with lower maintenance costs and significantly lower costs of ownership. The new data centers, scheduled for 2027, employ a different power conversion method, and Navitas is developing Gallium Nitride (GaN) and Silicon Carbide (SiC) power semiconductors to enable more efficient power conversion in 800V HVDC data centers. Similarly, another Nvidia partner, and leading data center equipment provider, Vertiv, is developing critical power and cooling equipment and systems for the new data centers and expects to have them available in the second half of 2026, in time for the launch of the 800V HVDC data center in 2027. What makes both companies particularly interesting is that, unlike their rivals, they are more like pure plays in their end markets. For example, Navitas specializes in GaN and SiC chips for power conversion (not silicon), and 80% of Vertiv's revenue comes from data centers. Speaking of SiC and GaN chips, Aehr's (NASDAQ: AEHR) stock has soared recently on speculation that Navitas might be a customer for Aehr's testing and burn-in equipment. Aehr's equipment helps semiconductor manufacturers ensure quality and reliability throughout the manufacturing process. Aehr has struggled recently as its revenue at SiC customers, including ON Semiconductor, has declined in light of pullbacks in EV investment. Still, Aehr is making good progress in opening up and winning customers in new markets, including GaN semiconductors and semiconductors for artificial intelligence (AI) processing. Synopsys is a leader in electronic design automation software (used to design and verify chips), and its intended acquisition of engineering simulation and analysis company Ansys is a key event. The aim is to create a company offering design software, as well as simulation and analysis software to test the fruits of the design. It will also open up Synopsys' solutions to Ansys' wider range of end-market customers, particularly as semiconductors and electronics are increasingly being embedded in a range of new industries. The advanced materials company's lightweight composites are the future of the aerospace industry, as every new generation of airplane contains more composites. This means Hexcel (NYSE: HXL) can grow as airplane production increases (Airbus and Boeing have multiyear backlogs in place) and new, more composite-rich airplanes are developed. Hexcel has faced headwinds in recent years as Airbus' and Boeing's delivery rates have fallen short of expectations, but it's only a matter of time before they improve. Cognex (NASDAQ: CGNX) is another company with excellent long-term secular growth prospects (the use of machine vision in automated processes) that has suffered near-term headwinds (weakness in key end markets like automotive and consumer electronics). Still, this is a temporary slowdown in a long-term growth story. PTC (NASDAQ: PTC) provides computer-aided design (CAD), product lifecycle management (PLM), and other solutions essential to creating a so-called "digital thread" for a physical product as it moves from design through manufacturing, use, servicing, and ultimately disposal. As such, it's a leading player in the digitization of the industrial sector. Trimble's (NASDAQ: TRMB) precise positioning hardware (its origins) and growing software/services also make it a leading play on digitization. In Trimble's case, it's about integrating physical positioning with the digital world, such as in construction and infrastructure work, transportation, and geospatial activities. Through the use of advanced analytics in the digital world, Trimble's solutions can be integrated into its customers' daily workflows. Last but not least, Delta's growing mix of premium cabin revenue, loyalty program, co-brand card remuneration, and ability to adjust and compete in economy tickets when necessary means it's a much more diversified airline than a decade ago. In addition, as a network operator, it's much better positioned to deal with the growing cost pressures in the industry than low-cost carriers. Despite headwinds in 2025, it's ideally placed to generate value for shareholders over the long term. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $373,066!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,158!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $664,089!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cognex, Nvidia, Synopsys, and Tesla. The Motley Fool recommends Ansys, Delta Air Lines, Hexcel, ON Semiconductor, PTC, and Trimble. The Motley Fool has a disclosure policy. 10 Brilliant Growth Stocks to Buy Now and Hold for the Long Term was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Business Insider
an hour ago
- Business Insider
From Elon Musk to Mark Zuckerberg, these are the high-profile billionaires who have founded schools
Several billionaires have started schools, to varying degrees of success. The ventures stretch from preschools to high schools, and many are founded by tech billionaires. Some are scheduled to close, and some have yet to open. Billionaires can seem everywhere these days, and the school system is no different. In recent years, a number of the country's wealthiest have founded schools, to varying degrees of success. As the education system is undergoing potentially profound changes under President Donald Trump 's second administration and some schools face privatization, billionaires have thrown their hats — and dollars — into the educational ring. From Elon Musk to Mark Zuckerberg, here are some of the billionaires who have founded schools in recent years. Elon Musk The Tesla CEO and the world's richest man has founded multiple schools. His latest, a private preschool called Ad Astra, is scheduled to open in the fall of 2025, according to its website. Ad Astra is in Bastrop, Texas, close to Starbase, the city Musk founded near his SpaceX complex. The school is accepting applications for kids between the ages of three and nine. It's not a Montessori school but draws on similar principles, focusing on child-centered learning, according to the website. The curriculum focuses on STEM subjects — fitting since Ad Astra is Latin for "to the stars." According to the school's site, Ad Astra will subsidize tuition in the opening year and will later cost around as much as local private schools. A permit from the Texas Health and Human Services Department allowing Ad Astra to open in 2025 specified that it can enroll 21 students in its first year. The application materials, first reported by Bloomberg, said the school aims to expand into a STEM-focused university. None of the application materials to the state include Musk's name, but his foundation donated $100 million to the preschool, according to tax filings, as BI previously reported. In 2014, Musk opened a different school in California named Ad Astra for his children and the kids of SpaceX employees. That venture evolved into a largely online school called Astra Nova. According to its website, Astra Nova serves around 300 students between the ages of 10 and 14. Class offerings on the site range from special relativity to songwriting to ethical hacking. Mark Zuckerberg Mark Zuckerberg and his wife Priscilla Chan created The Primary School in 2016 through their philanthropy, the Chan Zuckerberg Initiative. The tuition-free private school said in April 2025 that it would close by the end of the 2026 academic year. The Primary School is a tuition-free private school with locations in East Palo Alto and East Bay, California. According to its website, it serves hundreds of students and works to more closely connect parents, teachers, and medical and mental health professionals. The school's website highlights diversity, equity, and inclusion, and its closure was announced at the same time some of Zuckerberg's other ventures rolled back DEI efforts. Meta dropped many of its DEI initiatives in January 2025, and the Chan Zuckerberg Initiative ended its own DEI efforts one month later. A message announcing the closure on the school website says that the Chan Zuckerberg Initiative will invest $50 million in surrounding communities in the coming years, including savings plans for soon-to-be former students and "transition specialists" for families. Zuckerberg was worth $235.6 billion at the time of writing, according to Forbes. Jeff Bezos Amazon founder and executive chairman Jeff Bezos founded a whole network of preschools called Bezos Academy. He started the schools through the Bezos Day One Fund, and the first location opened in 2020. Bezos Academy runs "Montessori-inspired preschools in under-resourced communities," according to its website. Bezos attended a Montessori school himself. The schools are tuition-free and serve children between the ages of three and five. The website lists schools in Arizona, Florida, Hawaii, Kentucky, Texas, and Washington. Bezos was worth $226.8 billion at the time of writing, according to Forbes. Oprah Winfrey Oprah Winfrey opened the Oprah Winfrey Leadership Academy for Girls, a boarding school in South Africa, in 2007. More than 525 girls have graduated, according to the Oprah Foundation website. The school serves students from 8th to 12th grade and has a 1% acceptance rate, per the Oprah Foundation. Oprah posted on Instagram about attending graduation at the school in 2024, saying in the caption that she had been to 22 of the ceremonies. Oprah was worth $3.1 billion at the time of writing, according to Forbes. LeBron James Los Angeles Lakers star Lebron James founded a school in his hometown of Akron, Ohio, in 2018, in partnership with the local public school system. The LeBron James Family Foundation backed the I Promise School, which is "dedicated to those students who are already falling behind and in danger of falling through the cracks," according to its website. As a public school, I Promise is funded by the Akron Public Schools district, but receives addition funds from James' foundation, according to Case Western University. It serves students between first and eighth grade and provides wraparound services, including a longer school day. James was worth $1.2 billion at the time of writing, according to Forbes. Laurene Powell Jobs Unlike the other billionaires on this list, investor Laurene Powell Jobs hasn't started one individual school but an independent nonprofit that distributes money to high schools across the country. According to its website, XQ Institute is "rethinking high school " and is based on the idea that the rapidly changing workplace and technological world demand a new educational approach. Powell Jobs, widow of Steve Jobs, co-founded XQ Institute in 2015. Powell Jobs' organization, the Emerson Collective, has invested $300 million in XQ Institute, which has also granted grants to schools across the country. However, as BI previously reported, XQ Institute has encountered some controversies over its data and efficacy in recent years. Powell Jobs was worth $13.9 billion at the time of writing, according to Forbes.
Yahoo
an hour ago
- Yahoo
Elon Musk Accidentally Doxxes Himself While Sharing Results of a Drug Test
Elon Musk accidentally doxxed himself while trying to prove he isn't a drug addict. After a New York Times exposé about his drug use revealed that Musk has taken so much ketamine, it's given him bladder issues, the former chief of the cost-cutting Department of Government Efficiency posted a second drug test on X in the space of a week. The Times also reported Musk had taken ecstasy, magic mushrooms, and Adderall regularly. On Tuesday, Musk posted the results of a urine test that showed he was drug-free, with no traces of 16 substances, including amphetamines, cocaine, fentanyl, marijuana, or opioids. He followed up with a hair follicle test the following day—and goaded Times reporters to post the results of their own drug tests. 'The WSJ & New York Times fake 'journalists' lied through their teeth about me,' he wrote in the caption. 'Now let's see their drug test results. They will fail.' But Musk inadvertently leaked the last four numbers of his Social Security number, putting the billionaire at risk of identity theft from hackers and scammers. The Daily Beast has asked Musk for comment about the leak of his personal information. The Times put out a statement following the publication of Musk's drug tests that said it stood by its reporting. 'Elon Musk is continuing to lash out because he doesn't like our reporting,' the outlet wrote. 'Nothing that he's said or presented since our article about his drug use during the presidential campaign was published contradicts what we uncovered.' Musk is sensitive about his personal security. In March, he banned several journalists from Twitter for reporting on the itinerary of his private jet, claiming that users sharing the publicly available information were broadcasting 'basically assassination coordinates.' During his time in the White House, he surrounded himself with up to 20 bodyguards who were deputized as federal marshals, which allowed them to carry weapons on federal grounds. As of Friday, Musk has not commented on the leak of his personal information or removed the post. Musk shared the details of his drug tests after falling out with President Donald Trump following his departure from DOGE. At the height of their feud, Trump referred to Musk as a 'big-time addict' and said, 'He's got a problem. The poor guy's got a problem.' The Wall Street Journal further reported in June 2023 and January 2024 that the billionaire regularly used party drugs like ketamine, LSD, cocaine, ecstasy, and psychedelic mushrooms. In a 2024 interview with former CNN host Don Lemon, Musk admitted that he took a 'small amount' of medically prescribed ketamine every two weeks for depression. 'If you've used too much ketamine, you can't really get work done, and I have a lot of work,' he said at the time. Musk's drug tests were carried out at the Fastest Labs of South Austin in Texas, though without the involvement of a third party, it is impossible to determine their veracity.