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Top House Democrats have filed a Freedom of Information Act request to investigate the Trump administration's DOGE Service, questioning its legality and operations. They seek information on its authority, access to sensitive data, and potential conflicts of interest involving Elon Musk and other staff. The request aims to uncover details about firings of federal workers and the dismantling of agencies, amid concerns over transparency and government integrity.
Elon Musk's fortune has shifted dramatically as Tesla's stock plummets, making SpaceX his most valuable asset for the first time in five years, valued at $147 billion. Tesla's revenue growth has stalled, and sales have declined significantly, prompting concerns over Musk's ability to manage both Tesla and his new role in the Trump administration. Despite these challenges, Musk remains optimistic about Tesla's long-term prospects, with the company's stock still up 46% over the past year.
Concerns are mounting over NASA's recent cuts, which include the closure of critical offices that provide independent analysis, potentially increasing costs and giving Elon Musk greater influence over the agency. Critics argue that these changes, driven by the Trump administration, raise serious questions about conflicts of interest, especially with Musk's ties to SpaceX, NASA's largest private contractor. The layoffs, affecting about 20 employees, have sparked fears that the agency's long-term goals for lunar and Martian exploration are at risk.
Chairman Walter W. Bettinger sold 464,629 shares of the company at an average price of $81.91, totaling over $38 million, reducing his stake by 35.96%. Following the sale, he holds 827,377 shares valued at approximately $67.77 million. Over the past ninety days, insiders have sold 501,087 shares worth nearly $41 million, with insiders owning 6.60% of the stock. Charles Schwab reported a quarterly earnings per share of $1.01, exceeding estimates, and announced a dividend increase to $0.27 per share, reflecting a 1.39% yield.
Democratic senators, including Elizabeth Warren, are calling for a criminal investigation into Elon Musk over alleged conflicts of interest related to his work with the FAA and SpaceX's Starlink. They claim Musk may have influenced federal agencies while having a financial stake in the outcomes. SpaceX has denied any wrongdoing, asserting that recent media reports are false and that Starlink is not intended to take over existing contracts.
Elon Musk, leading the new Department of Government Efficiency (DOGE), claims to have identified 14 "magic money computers" within U.S. agencies that can print unlimited cash. His initiative aims to cut wasteful spending and reduce the federal budget deficit, but has raised concerns among Bitcoin advocates about government spending and economic stability. Despite scrutiny over DOGE's savings claims, Musk acknowledges that the government's reported spending may be underestimated by up to 10%.
Elon Musk expressed his admiration for Joe Rogan's custom Tesla S-APEX, commenting "Cool 😎" on social media, which garnered over 42 million views. The vehicle, featuring a unique design and high-performance upgrades, has sparked discussions amid a backdrop of political tensions affecting Tesla's brand perception. Meanwhile, some celebrities, like Sheryl Crow, are distancing themselves from the brand due to Musk's political affiliations.
Americans support the idea of downsizing the federal government but disapprove of how Elon Musk and the Department of Government Efficiency (DOGE) are implementing these cuts. Polls show a majority oppose the mass firing of federal workers and believe the actions are harming the country, despite some backing for the initiative itself. President Trump has acknowledged the negative perceptions and shifted responsibility for downsizing to Cabinet secretaries, advocating a more measured approach.
SpaceX CEO Elon Musk announced that Starship is set to reach Mars by the end of 2026, carrying the humanoid robot Optimus. Human landings could occur by 2029 or 2031, depending on mission outcomes. The recent successful test launches of Starship bolster SpaceX's Mars colonization and satellite launch ambitions.
Airtel has entered into a partnership with SpaceX to introduce Starlink services in India. This collaboration aims to enhance internet connectivity across the country, leveraging SpaceX's satellite technology to provide high-speed broadband access.
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