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A wax head of Elon Musk on a robot dog as part of an art installation called "Regular Animals" by digital artist Mike Winkelmann, also known as Beeple, during Art Basel 2025 in Miami (Chandan Khanna/Getty Images)
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Elon Musk says European Union‚ where Tesla’s sales are low, “should be abolished”

Sales are down 25% from last year on the continent and make up just 15% of total sales.

Rani Molla

Tesla CEO Elon Musk is stirring controversy once again in Europe after the European Union fined his social media platform, X, $140 million for a number of issues, including a “deceptive” blue check mark design and not providing data access to researchers.

Over the weekend, Musk posted, “The EU should be abolished and sovereignty returned to individual countries, so that governments can better represent their people.”

It should be noted that Musk doesn’t have as much to lose in Europe as he once did. After his previous machinations on the continent, Tesla’s 2025 sales are expected to decline 25% from last year in Europe, where they are slated to make up just 15% of the company’s total sales, according to the latest estimates from analyst Troy Teslike.

Musk has called Europe Tesla’s “weakest market,” blaming the relatively low sales on European governments’ lack of regulatory approval for its Full Self-Driving tech.

Sales in Europe pale in comparison to the unit delivery numbers Tesla hits in China and the US. And faster-growing sales in the rest of the world are helping to displace declines in Europe.

For what it’s worth, Musk no longer considers Tesla to be a car company. Rather, its future is in AI and robotics, so insulting a relatively small auto market isn’t quite the faux pas it might once have been.

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Google sinks on a string of bad news

Google is currently down nearly 2% amid a flurry of bad news for the tech giant:

  • OpenAI CEO Sam Altman said Google’s much-touted Gemini 3 model “had less of an impact on our metrics than maybe we feared.”

  • Disney sent Google a cease and desist letter accusing it of infringing Disney’s copyrights after announcing a $1 billion investment in competitor OpenAI.

  • Waymo recalled basically all of its vehicles — 3,067 — for a software update to fix a high-profile problem they had with driving past stopped school buses.

  • The AI trade generally is struggling today after Oracle posted underwhelming earnings results yesterday.

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Altman: Gemini 3 had less of an impact than we had feared

There have been a lot “code reds” flying around the AI world recently. But it turns out that the latest, declared by OpenAI CEO Sam Altman, may not be as dire as expected.

This morning Altman appeared on CNBC with Disney CEO Bob Iger to discuss Disney’s $1 billion investment in OpenAI. Altman told CNBC that Google’s Gemini 3 has “had less of an impact on our metrics than maybe we feared.”

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Rani Molla

Google’s YouTube to launch cheaper streaming packages that could potentially compete with Netflix

Google’s YouTube announced today that it will launch 10 genre-specific packages early next year that will cost less than its existing $82.99-per-month YouTube TV.

While the company didn’t specify how much these new packages will cost, they’re expected to come in well under the price of the full YouTube TV bundle. That could put its price point in line with other major streaming services like those offered by Apple, Disney, and Netflix. YouTube already commands the largest share of TV viewership in the US, and lower-priced subscription options could widen its lead even further.

That’s unwelcome news for other streamers, particularly Netflix, which has faced investor pressure since reports emerged about its acquisition of Warner Bros. Discovery.

Paramount has since launched a hostile counterbid, but Netflix’s stock continues to struggle. Shares are down nearly 2% today.

While the company didn’t specify how much these new packages will cost, they’re expected to come in well under the price of the full YouTube TV bundle. That could put its price point in line with other major streaming services like those offered by Apple, Disney, and Netflix. YouTube already commands the largest share of TV viewership in the US, and lower-priced subscription options could widen its lead even further.

That’s unwelcome news for other streamers, particularly Netflix, which has faced investor pressure since reports emerged about its acquisition of Warner Bros. Discovery.

Paramount has since launched a hostile counterbid, but Netflix’s stock continues to struggle. Shares are down nearly 2% today.

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