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Elon Musk

Elon Musk certainly has a lot of ideas. Since making a fortune from PayPal in the original dotcom boom, he’s taken over Tesla, pushing forward production of electric cars, and founded SpaceX, the rocket company that now flies plenty of NASA payloads.

Two newer companies — the Boring Company, focused on digging holes for transit tunnels, and NeuraLink, which is developing brain-computer interfaces — also occupy his time. Then there’s the Hyperloop, the high-speed land travel design he’s encouraged others to develop. Somehow, this brash billionaire still has time to get himself into trouble on Twitter.

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Wes Davis
Europe is trying to leave Starlink behind.

Through the lens of the war between Ukraine and Russia, The Wall Street Journal writes about Europe’s need to replace Starlink, with one quote neatly summing up why:

“If you put all your eggs in an American basket, it will not be good for Italy,” said Christophe Grudler, a French member of the European Parliament. “Imagine if tomorrow Musk says: I want to cut the signal to Italy.”

But one possible alternative, Europe’s Eutelsat, would likely “need billions of dollars in funding” to compete.

Why DOGE is killing the agency that keeps banks from ripping you off

Rohit Chopra, Trump’s fired Wall Street watchdog, on the future of financial regulation.

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Dominic Preston
Is Elon Musk in the room with us now?

Trump’s pick to lead NASA, Jared Isaacman, found it strangely difficult to tell his Senate confirmation hearing whether Elon Musk was part of his job interview or not. That’s odd, because he must have met Musk — Isaacman funded, and flew on, two private spaceflights using Musk’s SpaceX craft.

Isaacman says Mars will be NASA’s new priority if he’s in charge. Strangely enough, that’s where SpaceX is putting its money too.

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Wes Davis
House Oversight Reps suggest Musk is using DOGE role for Starlink’s gain.

In a letter to the White House, two Democrat Representatives express concern about the “significant ethical, security, and regulatory implications” of the federal government’s increased use of Elon Musk’s Starlink service, including the at the White House starting last month, reports FedScoop.

They say he has publicly called for more federal installations, raising “considerable red flags as to whether Mr. Musk is using his position in the federal government to benefit his companies.”

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Wes Davis
Elon Musk wants a “zero-tariff” zone with Europe.

Just days after President Trump initiated broad tariffs that could raise the prices of most goods that Americans buy, Musk told Italian Deputy Prime Minister Matteo Salvini yesterday that he thinks there should “effectively” be a “free-trade zone between Europe and North America,” writes Bloomberg.

In posts on X early Saturday morning, Musk insulted White House trade adviser Peter Navarro, who has pushed for “maximalist” tariff approach, as Bloomberg notes.

‘Hands Off’: Protesters deliver a sweeping message to Trump and Musk at a DC rally

An estimated 100,000 protesters rallied for everything from the federal workforce, to immigrant and trans rights.

Lauren FeinerCommentsComment Icon Bubble
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Tina Nguyen
Making Tesla Stock Great Again.

Reports of Elon Musk’s impending departure from the White House could not have been better timed for Tesla’s stock prices, which had started plummeting after its dismal Q1 report was released this morning. Within hours of the news breaking, the price not only recovered but surged an extra 5 percent. (As always when it comes to Musk’s relationship with the Trump administration, let’s see how long that surge lasts.)

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Richard Lawler
X + xAI = $113 billion.

As Wall Street Journal reporter Meghan Bobrowsky highlights, the valuations used for Elon Musk’s all-stock combo platter of X companies were negotiated in an... interesting way.

The WSJ article also mentions “Executives at the companies, which share personnel, believe it will be easier to raise money for the combined businesses under xAI than it would be separately,” and that all shares of X and xAI will be exchanged for shares in a new company: xAI Holdings Corp.

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Richard Lawler
The toxic trouble with Tesla.

Is Tesla really cooked? Watch as The Verge transportation editor, Andrew Hawkins, walks us through how Elon Musk’s unprecedented takeover of the federal government has transformed public opinion of his car company into something increasingly toxic instead of futuristic, with some owners suddenly selling their cars even at a loss.

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Lauren Feiner
Elon Musk is set to participate in a Pentagon briefing.

The original plan, according to reports from The New York Times, Wall Street Journal, and Washington Post, was to discuss plans for a potential war with China, among other topics, raising questions about Musk’s ever-expanding role in the executive branch and potential conflicts with his business interests. President Donald Trump denied the reports, saying “China will not even be mentioned or discussed,” and Defense Secretary Pete Hegseth said it would cover “innovation, efficiencies & smarter production.”

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Richard Lawler
Elon Musk live streamed a surprise ‘all hands’ Tesla meeting tonight.

Tesla news lately includes a leader with a second or maybe seventh job in politics, protests, vandalism, a White House lawn advertisement, record high trade-in numbers, and a Cybertruck recall to fix glued-on trim pieces that can’t stay attached.

So, to beat the allegations that it might be cooked, tonight Musk and Tesla put on a hastily announced “all hands” meeting that was streamed publicly. Business Insider reports employees were only notified of the unusual event shortly before its scheduled start at 9:30PM ET. You can watch it here (Tesla says you should skip to 28 minutes in since it didn’t start on time, or try YouTube), but today’s Decoder episode on Tesla is probably better and shorter.

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Umar Shakir
It’s “a brand tornado crisis moment” for Tesla.

One of Tesla’s usually favorable Wall Street analysts, Dan Ives from Wedbush, published a note pleading with CEO Elon Musk to spend less time at DOGE. “Tesla and Musk are facing a defining chapter in their future and how Musk handles this next few months will be pivotal to the long term growth trajectory of Tesla in our view,” Ives wrote. Another thing Ives says Musk needs to do is prepare lower-cost vehicles for 2025.

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Mia Sato
Elon Musk’s daughter speaks out.

Vivian Jenna Wilson, Elon Musk’s estranged daughter, doesn’t mince words in a new Teen Vogue profile when asked about her biological father. Musk has pushed anti-trans talking points, like saying his transgender child was “killed by the woke mind virus.”

Teen Vogue: Do you ever feel scared? He’s the richest man in the world.

Wilson: He’s a pathetic man-child. Why would I feel scared of him? Ohhh, he has so much power. Nah, nah, nah. I don’t give a f**k. Why should I be scared of this man? Because he’s rich? Oh, no, I’m trembling. Ooh, shivering in my boots here. I don’t give a f**k how much money anyone has. I don’t. I really don’t. He owns Twitter. Okay. Congratulations.

How the Tesla brand turned so toxic

The Tesla Takedown movement is rallying against Elon Musk, and it’s only getting bigger.

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Richard Lawler
Meta, Elon Musk, and Delaware’s rush to rework corporate law.

Elon Musk has publicly railed against Delaware’s corporate law as its judges ruled against his wishes, moving the incorporation of Tesla and other companies out of state. Now, CNBC says a January WSJ report that Meta was considering moving its incorporation spurred immediate action from the governor on a new bill, SB 21, that might make its laws friendlier to folks like Musk and Mark Zuckerberg.

After skipping a typical review by the state’s bar association, it’s passed the state Senate and could be voted on by the state House as soon as Thursday.

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Dominic Preston
X bounces back to $44 billion.

Investors have reportedly valued the social media giant at the same amount Elon Musk purchased it for in 2022, a sharp jump after it was deemed worth less than $10 billion in September 2024.

Musk’s plum position in the White House might have something to do with X’s perceived change of fortunes, though that hasn’t helped Tesla, which is in the midst of a 50 percent stock slump since December. Bloomberg added to the report later, saying X raised “almost $1 billion in new equity funding” with participation from Musk.

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Lauren Feiner
Nearly 25,000 federal workers are being reinstated under a court order.

The Trump administration acknowledged in recent court filings that it had terminated nearly 25,000 workers across several agencies during its Department of Government Efficiency (DOGE)-fueled cuts. Those workers are now being reinstated under a judge’s instructions. But many of those workers are still on administrative leave, and officials warn that if an appeals court reverses the temporary restraining order, “employees could be subjected to multiple changes in their employment status in a matter of weeks.”

How Trump and Musk built their own reality

The presidents of the United States have gotten lost in the illusions they created.

Elizabeth LopattoCommentsComment Icon Bubble