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Tesla's stock has plummeted, causing Elon Musk's stake in the company to drop below that of SpaceX for the first time in over five years. Shares fell from nearly $480 to around $225, impacting Musk's wealth significantly as he struggles to balance his commitments across multiple ventures. Despite these challenges, he is set to defend his controversial $56 billion pay package for his role at Tesla.
Tesla is facing a surge in vandalism and attacks on its properties, with incidents reported across the U.S. and Canada, including Molotov cocktails and gunfire. Critics of Elon Musk have organized protests, while Musk claims the violence is funded by left-wing groups. The White House has condemned the attacks as "domestic terrorism," with investigations underway to identify those responsible.
Attacks on Tesla properties have surged across the U.S. and abroad, with incidents including Molotov cocktails and gunfire, reflecting rising tensions linked to Elon Musk's political affiliations. Critics have organized protests, while law enforcement has charged several individuals with domestic terrorism-related offenses. Despite the backlash, many Tesla owners remain loyal to their vehicles, distancing themselves from the controversy surrounding Musk.
Elon Musk's close ties with the Trump administration have raised concerns about potential conflicts of interest, particularly as he leads the Department of Government Efficiency (DOGE), which claims to have saved $115 billion. Critics argue that these savings may be overstated, with some estimates suggesting inaccuracies of up to 80%. Musk's companies, including Tesla and SpaceX, have benefited significantly from government contracts and subsidies, with reports indicating he has secured at least $38 billion in funding over the past two decades.
Elon Musk expressed shock over escalating violence against Tesla, attributing it to political hatred from the left. He condemned recent attacks, including arson at a Las Vegas service center, and suggested that larger forces may be behind the unrest linked to his ties with the Trump administration. Attorney General Pam Bondi labeled the incidents as domestic terrorism, with ongoing investigations into the attacks.
Prices for used Cybertrucks have fallen nearly 8% since Trump took office, while vandalism against Tesla vehicles has surged, prompting investigations and threats of retribution from the White House. Protests against Elon Musk and Tesla have spread globally, with incidents of violence reported, particularly in left-leaning cities. Musk claims the attacks are organized by left-wing groups, while some Tesla owners express frustration over the stigma attached to their vehicles.
Delaware is facing challenges to its status as the corporate capital following a judge's rejection of Elon Musk's Tesla compensation package, prompting lawmakers to propose legislation aimed at protecting corporate interests. Critics argue the bill will undermine shareholder rights and governance standards, potentially leading to a corporate exodus from the state. With significant state revenue tied to corporate fees, the outcome could have lasting implications for Delaware's economy and legal landscape.
Elon Musk expressed shock at the recent vandalism and violence against Tesla vehicles, attributing it to a backlash against his efforts to eliminate government waste and fraud. He described the attacks as "domestic terrorism" and suggested that those upset by his actions are resorting to extreme measures. Musk emphasized that the hostility stems from his success in cutting corrupt practices, stating, "bad people will do bad things."
Anti-Tesla protests are being funded by Karla Jurvetson, a prominent Democratic donor and ex-wife of Steve Jurvetson, an early Tesla investor. She contributed over $500,000 to Indivisible Action, which is organizing nationwide demonstrations against Elon Musk's leadership and policies. The protests have escalated to vandalism of Tesla properties, reflecting deep political divisions surrounding Musk's influence and actions.
Warren Buffett is making his March Madness bracket contest more accessible this year, offering a one-time $1 million prize for correctly predicting at least 30 of the first 32 games. If no one wins, a consolation prize of $250,000 will go to the employee with the most correct picks. Despite the odds of a perfect bracket being astronomically low, Buffett hopes the changes will finally lead to a winner among Berkshire Hathaway's 400,000 employees.
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