{
}
Wisconsin is witnessing the most expensive judicial race in U.S. history, with over $90 million in funding for a Supreme Court seat that could shift the court's liberal majority. Notably, Elon Musk and his affiliated groups have contributed around $20 million, making the election a proxy battle over the president's agenda.
Elon Musk addressed the potential for stimulus checks funded by the Department of Government Efficiency (DOGE) during a rally, stating that the decision lies with Congress and the president. While DOGE claims to have saved $130 billion, some lawmakers oppose the idea of distributing these funds as checks, emphasizing fiscal responsibility amid a $36 trillion federal debt. The future of these proposed checks remains uncertain as discussions continue in Congress.
In a pivotal election, Elon Musk has invested around $20 million to support conservative candidate Brad Schimel in Wisconsin's Supreme Court race, which could shift the court's balance from a progressive to a conservative majority. This election is crucial, as it may influence key issues like abortion and voting rights in a highly contested state. Meanwhile, Bernie Sanders has endorsed Democratic candidate Weil in Florida's 6th District, highlighting a growing interest in progressive messages even in Republican-leaning areas.
Hedge funds are rapidly selling off global tech stocks, with U.S. tech making up 75% of the net selling, particularly in semiconductors. This shift, driven by macroeconomic pressures and a bearish outlook, has reduced hedge fund exposure to the tech sector to a five-year low of 16.4%. Concerns over AI valuations and trade tariffs have further fueled the selloff, despite reassurances from Goldman Sachs about the sector's strong fundamentals.
Elon Musk's father, Errol Musk, dismissed protesters against Tesla's cost-cutting measures as "bums," attributing the backlash to media hype. He defended his son's role in the Trump administration's Department of Government Efficiency, asserting that Elon is capable of managing Tesla while fulfilling his government duties. Concerns from investors about Tesla's performance, including a 40% sales drop in Europe, were downplayed, with Errol predicting a recovery in Tesla's stock price by year-end.
Hedge funds rapidly sold off tech stocks last week, marking the fastest pace in six months and the highest levels in five years, as concerns over impending tariffs and potential recession grew. The tech sector, particularly AI-related hardware, saw significant net selling, with hedge fund exposure now at a five-year low. Major short positions included Nvidia, Advanced Micro Devices, and Tesla, reflecting a shift in market sentiment ahead of the April 2 tariff deadline.
Goldman Sachs has sparked a significant downturn in the stock market, leading to sharp declines in major tech stocks, including NVIDIA (NVDA), Tesla (TSLA), and Palantir (PLTR). The market's reaction reflects growing concerns among investors about the broader economic implications.
Elon Musk and LinkedIn co-founder Reid Hoffman engaged in a heated exchange on social media, with Musk accusing Hoffman of funding protests against Tesla through the organization Indivisible. Hoffman countered, asserting that the protests stem from genuine dislike for Musk, who has increasingly criticized the demonstrators and linked their actions to his efforts to reduce government fraud. Protests against Tesla have escalated, with incidents of vandalism reported and investigations ongoing.
Theresa Gasper, a former congressional candidate, expresses her disillusionment with Tesla and Elon Musk, citing a decline in vehicle quality and Musk's controversial actions. After trading in their Teslas, she and her husband opted for Hyundai Ioniq models, hoping to escape the stigma associated with Tesla ownership and inspire others to follow suit.
Elon Musk has heavily invested in the Wisconsin Supreme Court race, supporting conservative candidate Brad Schimel with over $20 million in funding. His involvement has sparked controversy, with Democrats framing the election as a referendum on Musk, while Schimel defends the influence of big money in politics. The outcome will impact the ideological balance of the court and could influence key issues like redistricting and Musk's business interests in the state.
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.
wisconsin supreme court race becomes most expensive judicial battle in us history
14:23 31.03.2025
debate over proposed doge stimulus checks amid fiscal responsibility concerns
14:10 31.03.2025
Elon Musk invests heavily in Wisconsin Supreme Court race amid political tensions
The Nation Token USD
Tesla, Inc.
USA
Donald Trump
Amy Goodman
John Nicholson
Jon Batiste
Elise Stefanik
Elon Musk
Brad Schimel
Matt Gaetz
Bernie Sanders
Show more
14:00 31.03.2025
hedge funds rapidly sell off tech stocks amid market volatility
United States Dollar
Russian Ruble
NVIDIA Corporation
Taiwan Semiconductor Manufacturing Company Limited
Tokyo Electron Ltd
SK hynix Inc.
Advanced Micro Devices, Inc.
Tesla, Inc.
RUS
TWN
KOR
JPN
CHN
USA
Show more
13:33 31.03.2025
Elon Musk's father defends him amid protests and investor concerns
13:18 31.03.2025
hedge funds rapidly exit tech stocks amid looming tariff concerns
Armenian Dram
United States Dollar
NVIDIA Corporation
Tesla, Inc.
USA
Donald Trump
Dhara Ranasinghe
Mark Heinrich
Show more
13:15 31.03.2025
Goldman Sachs Sparks Stock Market Decline as Major Tech Stocks Plummet
12:45 31.03.2025
Elon Musk and Reid Hoffman clash over Tesla protests and funding accusations
12:44 31.03.2025
disillusioned tesla owners abandon brand amid concerns over elon musk's leadership
12:06 31.03.2025
elon musk invests heavily in wisconsin supreme court race for conservative candidate
United States Dollar
Tesla, Inc.
USA
Hakeem Jeffries
Josh Kaul
George Soros
Susan P. Crawford
Elon Musk
Brad Schimel
Ekaterina Diestler
JB Pritzker
Nicholas Jacobs
Show more
12:00 31.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Central Bank Actions
Retail and Consumer Goods
CEO Changes
GDP Growth & Recession Forecasts
Global Trade Developments
Financial Scams and Security
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Market Analysis and Predictions
Government Policies
Government Economic Policies
Supply Chain Management
Startups & Entrepreneurship
Domestic Politics
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Barclays PLC
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
Credit Suisse Strategic Income I
NVIDIA Corporation
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
End Federal Reserve USD
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
Vietnamese Đồng
People: