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On Monday, Apple Inc. (NASDAQ:AAPL) released its latest smartphone series along with some other next-generation products during its Glowtime event. However, Tesla and SpaceX CEO Elon Musk found the hardware upgrades of the iPhone 16 lackluster. What Happened: When a user on X, formerly Twitter, commented on the iPhone 16 stating that it was essentially the same phone with just two new buttons and a new color, Musk responded sarcastically, For only $50B in R&D, what a bargain! See Also: Mark Cuban Praises Elon Musks AI Chatbot Grok For Answering Kamala Harris POV On Immigration: I Think