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In a historic Wisconsin Supreme Court race, liberal judge Susan Crawford defeated conservative Brad Schimel, backed by Elon Musk, in a contest that saw nearly $100 million in campaign contributions. This result secures a 4-3 liberal majority in the court, potentially impacting upcoming cases on abortion rights and electoral map redistricting. The election was viewed as a referendum on Musk and Trump's influence, with high voter turnout reflecting significant public sentiment against their agendas.
Elon Musk's influence looms large in the upcoming gubernatorial races in Virginia and New Jersey, as Democrats aim to tie Republican candidates to his unpopular policies and the fallout from his Department of Government Efficiency initiative. Following a significant defeat in Wisconsin, where Musk-backed candidates faltered, Democrats are leveraging Musk's declining popularity to sway suburban swing voters and federal workers. With gubernatorial elections set for November 4, both parties are strategizing on how to navigate Musk's controversial image amidst a backdrop of federal job cuts and budget reductions.
Elon Musk's $25 million investment in the Wisconsin Supreme Court election backfired as Democrat Susan Crawford won, securing a 4-3 liberal majority. Musk's funding, primarily supporting Republican Brad Schimel, made this the most expensive state supreme court race in U.S. history, highlighting the stakes in a key swing state. The outcome will influence critical issues like abortion and redistricting in the coming years.
Susan Crawford's election to the Wisconsin Supreme Court marks a significant victory for Democrats, solidifying a liberal majority and rejecting the influence of Elon Musk and Donald Trump. Crawford defeated Brad Schimel by about 11 points, driven by strong turnout in key counties, and will address critical issues such as abortion rights and gerrymandering. This election reflects voters' discontent with Republican policies and Musk's financial backing, which failed to sway public opinion.
Elon Musk has called for the arrest of leaders of "fake" NGOs that he claims are part of a politically connected "uniparty" involved in a "giant money laundering scheme" with federal funds. He criticized these organizations for predominantly benefiting Democrats while occasionally appeasing Republicans. Musk's comments come amid efforts to reduce federal spending and as he encourages voter turnout in Wisconsin's judicial election, which he believes could impact the House of Representatives.
Tesla's board has requested Elon Musk to step down as CEO amid declining sales and increasing political controversies linked to his behavior. Despite Musk's significant role in building the brand, the board's inaction has led to a tarnished reputation and market response, prompting this drastic measure. The search for a new CEO is underway, as the company faces challenges in a growing EV market.
Elon Musk's latest business deal is causing significant concern among analysts and investors. The implications of this transaction are raising major red flags, prompting scrutiny over its potential impact on Musk's ventures and the broader market.
Tesla's stock rose 3.5% ahead of disappointing Q1 delivery numbers, with analysts expressing concern over declining sales in key markets and the impact of CEO Elon Musk's political activities. Wells Fargo's Colin Langan rates the stock as Underweight, citing a potential 25% EPS decline in 2025 and doubts about the upcoming affordable model and Austin Cybercab launch. Despite these challenges, the broader analyst consensus remains neutral, with a Hold rating and a $315 average price target suggesting a 17% premium over the next year.
President Trump indicated that Elon Musk's role as a special government employee, tasked with overhauling federal agencies, is limited to 130 days, suggesting his time in this position will soon conclude. Musk aims to achieve significant deficit reductions within this timeframe, despite concerns over potential conflicts of interest due to his business ties. DOGE has reportedly saved $140 billion, although discrepancies in its audit raise questions about the accuracy of these claims, alongside substantial layoffs affecting thousands of civil servants.
An East Coast investment firm is challenging a $95 million arbitration award to an Iowa family who claimed they received poor advice on short-selling Tesla stock. UBS Financial Services and managing director Andrew Burish argue that the punitive damages awarded were excessive and that the Hansens, who faced significant losses, were savvy investors aware of Tesla's volatility. The family alleges fraud and breach of fiduciary duty, claiming Burish misled them about his own investment strategy.
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liberal judge defeats elon musk backed candidate in historic wisconsin race
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musk's declining popularity poses challenges for republicans in upcoming gubernatorial races
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Wisconsin voters elect Susan Crawford in significant rebuke of Trump and Musk
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04:20 02.04.2025
Elon Musk calls for arrests of leaders of alleged fake NGOs
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Tesla board urges Elon Musk to resign as CEO amid declining sales
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Elon Musk's new deal sparks significant concerns among investors and analysts
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Tesla stock rises despite concerns over declining deliveries and market challenges
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musk's special government role nearing end as trump comments on timeline
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21:36 01.04.2025
lawsuit seeks to overturn 95 million award in tesla investment case
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