Elon Musk Latest Updates: X Money's 6% APY, Tesla Robotaxi Expands, SpaceX Donation, and More - July 4, 2026

Key points

• •Elon Musk’s financial services arm, X Money, launched a new savings product offering an attractive 6% APY with FDIC coverage up to $10 million, presenting a significant challenge to traditional banks and drawing scrutiny from political figures like Elizabeth Warren about its implications for the banking sector.[moneywise.com][Yahoo Finance]
• •Tesla expanded its autonomous ride-hailing robotaxi service to a limited area in Miami, with plans to scale operations to Orlando and Tampa, marking an important milestone in Tesla’s push towards widespread robotaxi deployment in Florida’s major urban centers.[Engadget]
• •Tesla’s Model Y Long Wheelbase Launch Series has emerged as the most premium and expensive configuration within the Model Y line, reflecting Tesla's strategy to cater to upper-tier EV buyers with enhanced features and longer range.[Forbes Innovation]
• •Elon Musk reportedly donated SpaceX shares to Donald Trump’s accounts, intertwining Musk’s private aerospace venture with high-profile political figures and raising questions about the political use of SpaceX holdings.[The Times of India]
• •Scientists caution that Elon Musk’s plan to launch orbital data centers could cause excessive light pollution, potentially compromising the ability of Earth’s most powerful telescopes to conduct astronomical research, representing a significant environmental and scientific concern.[Digital Trends]
• •Elon Musk introduced a sudden and notable policy change on X (formerly Twitter), which has generated significant public and media attention over the platform's direction and governance, though details of the policy remain largely undisclosed.[Yahoo News Australia][News.com.au]
• •The documentary film 'Artificial' offers a critical and unflattering portrayal of Elon Musk and Sam Altman, focusing on their roles and personalities in the AI sector, which could impact public perceptions of these influential tech figures.[NewsNation]
• •Elon Musk publicly critiqued billionaire philanthropist MacKenzie Scott, challenging the effectiveness of billionaire-led charitable efforts and igniting debate about wealth distribution and philanthropy among the ultra-rich.[Yahoo]

Relevant articles