President Trump is slapping 25% tariffs on all cars imported to the United States, including from our immediate North American neighbors. He’s also placed a 25% tariff on certain parts used to build cars. It’s a decision that will likely supercharge the cost of new and used cars, but it’s also a gift to Tesla, […]
Trump’s auto tariffs are a gift to Tesla Read More »
Silicon Valley used to take a backseat to Washington, D.C. But now, the people disrupting technology have taken the wheel at the highest echelons of government. And that’s thanks, in large part, to the Department of Government Efficiency, better known as DOGE. Much reporting on DOGE has focused on its staffers’ ties to Musk, the billionaire bestie of
19 founders and VCs working with Elon Musk’s DOGE Read More »
Elon Musk’s rocket company SpaceX has allowed Chinese investors to buy stakes as long as the funds are routed through the Cayman Islands or other offshore hubs, according to reporting from ProPublica. SpaceX is a defense contractor for the Pentagon, one that handles sensitive work like building a classified spy satellite network. Investment from China
SpaceX reportedly has a secret backdoor for Chinese investment Read More »
An analyst who is one of the biggest boosters of Tesla on Wall Street says Elon Musk is facing a “moment of truth” at his EV company because of a “crisis” he’s created by spending so much in the Trump administration. The analyst, Wedbush’s Dan Ives, pleaded with Musk in a note published Thursday to
One of Tesla’s top Wall Street supporters says Elon Musk faces a ‘moment of truth’ Read More »
Social media site X’s valuation has bounced back to $44 billion, according to a new report from the Financial Times. Elon Musk purchased the platform, formerly known as Twitter, for $44 billion back in 2022. However, a report from Bloomberg states that X has raised close to $1 billion from investors in a deal that
Elon Musk’s X reportedly bounces back to $44B valuation Read More »
Elon Musk’s role overseeing the Department of Government Efficiency (DOGE) is likely a violation of the U.S. Constitution’s appointments clause, a federal judge wrote Tuesday. Theodore Chuang, a judge in the U.S. District Court for the District of Maryland, wrote in an opinion there is more than enough evidence — mostly from statements made by
Elon Musk has spent decades building a universe of companies that has served as an incubator for up-and-coming engineers and a proving ground for his inner circle. That universe — an ecosystem of Silicon Valley tech titans, veterans of his companies like Tesla and SpaceX, and a crop of fresh-faced hackers and software engineers —
The people in Elon Musk’s DOGE universe Read More »
President Donald Trump said he will label violence against Tesla dealerships as domestic terrorism, per a transcript shared by the White House pool reporters, a sign of deepening ties with Elon Musk. “Tesla Takeovers” have been breaking out across the globe at Tesla dealerships as people protest what they see as a hostile takeover of
Trump says he will label violence against Tesla as domestic terrorism Read More »
In an interview with Fox’s Larry Kudlow on Monday, billionaire Elon Musk admitted that his involvement with the Department of Government Efficiency (DOGE), Donald Trump’s initiative to reduce federal spending, is making it tougher to run his many businesses: X, Tesla, xAI, SpaceX, The Boring Company, and Starlink. “How are you running your other businesses?”
Elon Musk says DOGE involvement is making it harder to run his businesses Read More »
Elon Musk lost the latest battle in his lawsuit against OpenAI this week, but a federal judge appears to have given Musk — and others who oppose OpenAI’s for-profit conversion — reasons to be hopeful. Musk’s suit against OpenAI, which also names Microsoft and OpenAI CEO Sam Altman as defendants, accuses OpenAI of abandoning its
Musk may still have a chance to thwart OpenAI’s for-profit conversion Read More »
