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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.
Elon Musk’s Department of Government Efficiency (DOGE) has begun onboarding staff at the US Securities and Exchange Commission (SEC) to implement spending cuts, following the nomination of Paul Atkins to lead the agency. The SEC is preparing for a reduced workforce, with about 500 employees accepting buyout offers, and plans to eliminate office leases in Los Angeles and Philadelphia. Critics, including US Representatives Maxine Waters and Brad Sherman, have expressed concerns over Musk's influence on the agency, citing his contentious history with the SEC.
The U.S. Securities and Exchange Commission (SEC) is onboarding members of Elon Musk's Department of Government Efficiency (DOGE) following a lawsuit against him for failing to disclose his Twitter shares timely. This initiative aims to enhance efficiency and address waste within federal agencies. SEC staff have been instructed to consult a liaison team before sharing information with DOGE members, emphasizing the need for compliance with ethics and security protocols.
Elon Musk recently discussed his various roles and the developments in DOGE, while Vikas Parasrampuria of Voler Cars highlighted the company's asset-light model and growth strategy. Voler, a leading employee transportation service, aims for 30% YoY growth and plans to expand into new cities while maintaining a debt-free status and strong cash reserves. The company differentiates itself from competitors by focusing exclusively on B2B services, ensuring high service uptime and operational efficiency.
A long-time Tesla owner expresses disappointment in Elon Musk, citing his shift away from clean energy goals and support for Donald Trump, who opposes electric vehicles. The author highlights Musk's controversial actions, including significant stock sales and mass firings at DOGE, which they view as betrayals to Tesla stakeholders and employees.
Elon Musk, leading the Department of Government Efficiency (DOGE), aims to cut federal spending by 15% through initiatives targeting waste and fraud. The agency has reportedly saved taxpayers $130 billion, but faces criticism over its authority and transparency, particularly from Democratic lawmakers. Musk defends the department's actions, emphasizing a commitment to efficiency and swift corrections of any missteps.
The Hurun Global Rich List 2025 highlights the dominance of the tech sector, with Elon Musk, Jeff Bezos, and Mark Zuckerberg at the forefront of the wealth rankings. Their positions underscore the significant influence and financial power of technology leaders in today's economy.
The "Tesla Takedown" movement is organizing mass protests at Tesla showrooms worldwide, with over 200 demonstrations planned in the U.S. alone. The movement accuses Elon Musk of undermining democracy and urges supporters to sell their Teslas and dump the company's stock. Musk has responded by condemning the violence against his company and attributing it to misinformation from the far-left.
Elon Musk plans to hold a rally in Wisconsin to personally deliver $2 million to two voters who have already cast their ballots in the Supreme Court race, despite state laws against such incentives. The event, limited to voters, comes just days before a pivotal election that could shift the court's ideological balance. Critics, including a spokesperson for opponent Susan Crawford, have labeled Musk's actions as a desperate attempt to influence the election.
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