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Elon Musk said on Tuesday he plans to remain Tesla’s chief executive for at least the next five years, except if “I might die,” responding to rumours that he might soon step aside. Musk also claimed, “There are people buying Teslas because Elon is crazy” at an event in Doha at Bloomberg’s Qatar economic forum . The remarks came after weeks of talk about Musk’s future at Tesla. Reports first surfaced in late April suggesting that Tesla’s board had quietly begun looking for a new CEO as early as March. On May 1, The Wall Street Journal and CNN said the board had reached out to several executive search firms to explore potential successors for Musk. They cited worries that he was too distracted, mainly because of his role at the US Department of Government Efficiency, and pointed to Tesla’s weak financial results in the first quarter of 2025. Musk flatly denied those claims, calling the Wall Street Journal report “deliberately false” and “an ethical breach.” Tesla chair Robyn Denholm backed him up, labeling the stories “absolutely false” and expressing full confidence in his leadership. Still, the rumors stirred fresh debate among investors and analysts over whether Musk could stay fully focused on Tesla while juggling other high‐profile projects and government work. In Doha, Musk tried to calm nerves by saying Tesla has “already turned around.” He labeled Europe as the company’s weakest market but said it was showing strength “everywhere else.” He stressed that having “reasonable control” of Tesla was the key to his staying on as CEO. Musk also spoke out against acts of “violence committed against my companies” and threats aimed at him personally, calling them “on the wrong side of history.” Earlier, Musk appeared at the Saudi‐US Investment Forum in Riyadh. There, he discussed humanoid robots, self-driving cars, his artificial intelligence venture xAI, and his vision for a drastically changed global economy. He said he has cut back his involvement in the DOGE initiative in Washington to concentrate on his duties at Tesla. Addressing investors and officials in Riyadh, Musk predicted, “We’re headed to a radically different world.” He forecast “tens of billions of humanoid robots,” describing them as helpers that could boost economic productivity enormously. He explained that “the output of an economy is productivity per capita times population. With humanoid robots, productivity becomes virtually unlimited.” Musk suggested that advances in AI and robotics might one day bring about a “universal high income,” erasing scarcity so that everyone could access any goods or services they wished. On the political front, Musk’s ties to former President Donald Trump have all but vanished . Trump’s inner circle has frozen out the tech billionaire. While Trump mentioned Musk online almost weekly from early February through March, he hasn’t mentioned him at all since April. Musk’s absence from White House briefings and congressional newsletters marks a sharp change. Public polling shows his popularity has fallen sharply, even more than Trump’s among some groups. By late April, most voters said they wanted him out of government before his 130-day contract ends at the end of May, if not sooner. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Kalshi has hired Donald Trump Jr. as its strategic advisor, and is currently partnering with Musk's xAI.

Bloomberg: Prediction market Kalshi partners with xAI and hires Donald Trump Jr. as strategic advisor Prediction market Kalshi hired Donald Trump Jr. as its strategic advisor. The company is working with Elon Musk's artificial intelligence company xAI to provide customized information to guide website users' bets. In this cooperation, Kalshi will use xAI to integrate historical trend news to provide information support for traders to help them judge the direction of events such as the Federal Reserve's interest rate adjustment or election results. (Bloomberg)

Kalshi and xAI team up to build prediction market platform Prediction market platform Kalshi Inc. announced that it has hired Donald Trump Jr. as a strategic advisor and is working with Musk's artificial intelligence company xAI. Kalshi users can bet on the results of various events by purchasing derivative contracts. In this cooperation, Kalshi will use xAI to integrate historical trend news to provide information support for traders to help them judge the direction of events such as the Federal Reserve's interest rate adjustments or election results. Kalshi CEO Tarek Mansour said that there is a deep fit between prediction markets, social media and artificial intelligence. Prediction markets reflect known information, while artificial intelligence can expand the boundaries of knowledge. (Bloomberg)

Prediction market platform Kalshi is partnering with Elon Musk’s artificial intelligence startup, xAI, to provide tailored insights for users making bets on real-world events. The collaboration aims to enhance Kalshi’s event-based derivatives marketplace by integrating xAI’s models, which are trained on data from Musk’s social platform X. These models will help Kalshi synthesize news and historical data, providing traders with real-time context around topics ranging from central bank rate decisions to political races, according to a Bloomberg report . “There’s deep alignment between prediction markets, social media and AI. Prediction markets capture what people know — AI scales what people can know,” Kalshi CEO Tarek Mansour said in a statement per Bloomberg. Both companies say they are investing significant engineering resources into the initiative. The move comes as Kalshi gains traction among retail and political bettors, bolstered by a recent deal with Robinhood Derivatives to integrate prediction markets into the Robinhood trading app. That integration, announced in March, will begin with markets focused on politics, economic data, and sports. The partnership also highlights the overlapping political affiliations of the two companies. Kalshi counts Donald Trump Jr. as a strategic adviser and had former CFTC commissioner Brian Quintenz on its board. xAI, meanwhile, has tapped Kalshi’s former general counsel to lead regulatory strategy at Musk’s Department of Government Efficiency. Musk’s xAI also made headlines this week by announcing that Microsoft Azure will host its flagship Grok models, further expanding its reach in the AI space. The collaboration with Kalshi adds another use case for AI in financial and betting markets, especially as regulators watch both sectors closely.