Insider Today: Tesla's armored pickup truck is straight out of 'Mad Musk: Fury Road'

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Hi! In a story that seems straight out of a sitcom, a local politician lost an election by one vote after failing to vote for himself.?

Here’s what to know today:?

Markets:

Before the opening bell: Investors await the release of key data on employment after US stocks fell on Monday.

• The people leading hedge funds’ AI era. Investment firms have been scooping up AI talent to help boost productivity and performance while cutting costs. We identified 11 experts running AI teams?at top funds like Millennium, AQR, and Point72.

Tech:

• Leaked memo: Spotify CEO’s message announcing layoffs. The company is cutting 17% of its headcount — around 1,500 employees. CEO Daniel Ek wrote in his email that “being lean is not just an option but a necessity.”

Business:

• Elon Musk’s Cybertruck apocalypse. The Tesla CEO says its long-awaited truck is built for the apocalypse. In reality, that’s silly. But his belief in a truck that can survive suggests an even more dystopian mindset.

Written by Dan DeFrancesco and Diamond Naga Siu.

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