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Elon Musk faces escalating backlash as protests against him and Tesla intensify, with demonstrators labeling him a threat to democracy. Recent incidents include vandalism and arson targeting Tesla vehicles, prompting Trump to label the actions as "domestic terrorism." Meanwhile, Musk's social media platform, X, experienced a significant outage affecting users nationwide, further complicating his challenges.
Elon Musk announced he will distribute $2 million to Wisconsin voters participating in the Supreme Court election, following a $1 million award to a resident opposing "activist judges." His involvement has drawn criticism, with opponents accusing him of attempting to buy influence, especially as his company Tesla faces legal challenges in the state. The election, pivotal for the court's ideological balance, has already seen unprecedented spending, surpassing $81 million.
A Missouri initiative aims to force Tesla to close its St. Louis and Kansas City showrooms by requiring the company to sell through independent franchises, citing state motor vehicle sales laws. The effort, led by attorney Brad Ketcher, is partly a response to Elon Musk's controversial federal budget cuts. If successful, the initiative could revoke Tesla's dealership licenses, reflecting ongoing tensions between traditional auto dealers and the electric vehicle manufacturer.
Elon Musk is actively campaigning in Wisconsin ahead of a crucial state Supreme Court election, offering $1 million checks to those who oppose "activist judges." After a potentially illegal promise to pay voters for participation, he shifted his strategy to focus on petition signers. With over $12 million invested in the race, Musk aims to influence the court's balance, which could impact congressional districting and the GOP's chances in the 2026 midterms. The outcome hinges on whether liberal or conservative candidates prevail, affecting the court's majority through 2028.
Elon Musk's Department of Government Efficiency (DOGE), led by Airbnb co-founder Joe Gebbia, aims to digitize the federal retirement process, reducing it from months to days. Gebbia criticized the outdated system, which relies on a vast mine in Pennsylvania housing 400 million paper documents. DOGE seeks to cut government spending by at least 15%, claiming to have saved $130 billion so far, but faces challenges, including legal pushback and protests against Musk's initiatives.
Elon Musk has criticized Democrats for inciting violence against Tesla through what he describes as left-wing propaganda. In a Fox News interview, he stated that the real issue lies not with the individuals committing acts of vandalism but with those spreading anti-Tesla narratives, which he claims have led to a rise in attacks on Tesla vehicles and personnel. The FBI has launched a task force to investigate these incidents, which Musk equates to domestic terrorism, while also drawing parallels between the backlash he faces and that experienced by former President Trump.
Goldman Sachs analyst Mark Delaney warned that a 25% Trump tariff on imported cars could raise prices by $5,000 to $15,000, impacting both imported and locally made vehicles due to increased production costs. The auto industry reacted with concern, predicting higher prices and fewer options for consumers, while the United Auto Workers union viewed the tariffs as a positive step for job creation in the U.S.
Deutsche Bank has issued a Buy rating for Tesla, Inc., which specializes in designing, building, and selling electric vehicles. The company's net sales are primarily derived from automotive vehicle sales (74.2%), with additional revenue from services (10.8%), energy systems (10.3%), automotive credits (2.8%), and leasing (1.9%). By the end of 2024, Tesla operates eight manufacturing sites across the U.S., China, and Germany, with net sales distributed as follows: 48.9% in the U.S., 21.4% in China, and 29.7% in other regions.
Elon Musk's Department of Government Efficiency (DOGE) is reportedly engaging with the U.S. Securities and Exchange Commission (SEC) to gain access to its systems and data. This follows an executive order from President Trump aimed at cost-cutting measures, although Musk's actions have faced legal challenges and concerns from federal officials regarding their legality and approach.The Senate Banking Committee is expected to vote on Paul Atkins, Trump's nominee for SEC chair, who has expressed willingness to collaborate with DOGE, despite lawmakers raising questions about potential conflicts of interest in the crypto sector.
President Trump has pardoned Trevor Milton, the founder of Nikola Motors, who was convicted of fraud in 2022. Milton, once a billionaire and rival to Elon Musk, faced allegations of misleading promotional videos and other misconduct, though he was not charged in those cases. The pardon has raised eyebrows, especially given Trump's history of supporting businessmen accused of wrongdoing.
Tesla, Inc.
Companies
| Symbol | TSLA |
| Name | Tesla, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Automobiles & Components |
| Industry | Automobiles |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Palo Alto |
| Zipcode | 94304 |
| Website | http://www.tesla.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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