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Elon Musk isn’t the reason Twitter shelved its OnlyFans competition plans
Elon Musk is not responsible for Twitter’s decision to change its mind on creating an OnlyFans competition feature as some headlines imply. In fact, he isn’t even involved with this problem at all. This has been an issue that Twitter has been plagued with well before Elon made his bid to buy Twitter earlier this year.
The Verge initially reported that Twitter’s problem with child sexual abuse ruined its plans for an OnlyFans competitor and cited internal documents and Twitter employees.
The only connection to Elon Musk was his bid on Twitter earlier this spring. However, several headlines are linking Elon Musk to this fiasco and this is creating a dangerous narrative that takes the focus from the problem of sexual exploitation of children and refocuses it on Elon Musk.
My friend and fellow journalist, Eliza Bleu (TheBlaze), is a survivor of human trafficking and is now a survivor and advocate. Her article about Elon Musk’s vision for Twitter potentially solving the problem with the platform’s child sexual abuse material was actually censored by Twitter.
She brought the following misleading headlines to my attention. According to Business Insider, Twitter canceled its plans with competing with OnlyFans after Elon Musk placed his takeover bid. Although that headline has been changed, the narrative has been set.
In the report by The Verge, Twitter employees said that the company could not accurately detect child sexual exploitation and non-consensual nudity at scale.” And this was concluded in April 2022. This had absolutely nothing to do with Elon Musk’s bid to buy the company.
The Washington Post also published a similar article touching upon child exploitation, Twitter, and connecting Elon Musk’s decision to bid on buying Twitter.
However, as Eliza pointed out in the tweet below, this issue with child sexual exploitation isn’t new. She pointed to a 2012 article by The Guardian that is over 10 years old, titled “Twitter is failing to police child pornography efficiently.”
I appreciate you writing about this but “now apparently” the Guardian wrote about this issue in 12’.
The platform is currently being sued by two minor survivors headed to @US9thCircuit
Multiple countries have threatened to remove Twitter because of child sexual abuse material https://t.co/7Ga6tHetMI
— 𝔈𝔩𝔦𝔷𝔞 (@elizableu) August 31, 2022
The real issue isn’t Elon Musk.
The issue has been long-standing and bringing Elon Musk into the narrative takes the focus away from the actual problem. In 2021, The New York Post reported that Twitter refused to take down widely shared pornographic images of a teenage sex trafficking victim because Twitter “didn’t find a violation.” of its policies.
Earlier this month, the San Francisco Examiner reported that Twitter declined to remove a video that shows the sexual exploitation of minors. The child was only 13 years old and he and his family begged Twitter to remove the videos. Twitter refused, stating that it had reviewed the content and didn’t find a violation of its policies.
Hany Farid, the creator of PhotoDNA, an image identification, and content filtering technology that has been used as part of digital forensics, pointed out that this was child sexual abuse material.
“It’s child sexual abuse material. He was 13 years old and being extorted. What the hell is Twitter doing?”
I spoke with Eliza and she pointed out that this problem was well before Elon Musk made his bid to purchase the platform.
“Unfortunately, Twitter has had a long history of being unwilling to tackle child sexual exploitation material at scale. John Doe # 1 and John Doe #2, the two minor survivors currently suing Twitter, bravely stepped forward to sue the platform for refusal to remove the content long before Elon Musk made a bid to purchase Twitter.”
“Elon Musk is truly the least of Twitter’s concerns. The suffering of vulnerable children exploited and monetized on its platform should be a higher priority. Any attempt by the corporate media to act like the Elon Musk bid had a hand in stopping their plans to monazite adult sexual content is disrespectful to the brave minor survivors currently suing the platform. It’s also not factual.”
Recently, Elon Musk outlined several more reasons as to why he wanted out of the Twitter buyout deal. Perhaps he’ll add this to the list.
Your feedback is important. If you have any comments, or concerns, or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter @JohnnaCrider1
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
