{
}
The Wisconsin Supreme Court race, featuring liberal Susan Crawford and conservative Brad Schimel, has become a battleground for political influence, with over $81 million spent, largely fueled by Elon Musk's backing of Schimel. The election, set for April 1, will determine the court's ideological balance, impacting key issues like abortion rights and redistricting. Musk's significant financial contributions and political ties to Trump highlight the stakes involved, as both parties mobilize heavily in this pivotal contest.
The BEAD program faces a critical juncture as the Biden administration's preference for fiber connections is challenged by new leadership advocating for a tech-neutral approach, potentially favoring Elon Musk's Starlink. This shift could redirect $20 billion in funding, raising concerns about delivering adequate internet service to rural areas. A conflict emerges among Democrats, Republicans, and state allies over the program's direction, with fears that prioritizing satellite service may compromise connectivity for underserved communities.
Tesla is set to launch in Saudi Arabia on April 10, showcasing its electric vehicles and solar-powered products in Riyadh. The event will feature demonstrations of autonomous driving technology and the humanoid robot Optimus, although no sales dates have been announced. Despite expanding into the Gulf region, Tesla faces declining sales in Europe and ongoing protests in the US linked to CEO Elon Musk's political involvement.
Vietnam has approved SpaceX's Starlink services and announced tariff cuts on several U.S. products, including liquefied natural gas and automobiles, as part of efforts to reduce its significant trade surplus with the U.S. The tariff on LNG will drop to 2%, while automobile tariffs will decrease to 32%. These measures aim to strengthen trade relations and mitigate potential U.S. tariffs amid ongoing trade discussions.
Elon Musk's SpaceX reportedly allows Chinese investors to acquire stakes in the company through offshore entities like the Cayman Islands, raising concerns about transparency and national security. Testimonies reveal that while SpaceX prefers to avoid direct Chinese investments, it finds indirect routes acceptable, potentially obscuring foreign ownership. Experts warn that this practice could indicate deeper ties to China than publicly acknowledged, complicating SpaceX's status as a defense contractor reliant on U.S. government contracts.
Tesla's stock surged 12% after CEO Elon Musk held an all-hands meeting, reassuring employees and investors about the company's future. Despite a year-to-date decline of over 30%, analysts noted a positive shift in sentiment as Musk refocused on Tesla amid challenges from competitors and political controversies.
Elon Musk faces pressure from Tesla shareholders to focus on the company rather than his role in Trump's "DOGE" commission. Tom Lee of Fundstrat suggests that Trump may ease pressure on Tesla through tariff policies, which have negatively impacted the market. As Musk aligns with Trump's agenda, Tesla's brand image suffers, leading to a significant drop in stock value and a loss of its environmentally conscious customer base.
Elon Musk and members of the DOGE team will appear in an exclusive interview with Fox News' Bret Baier on Thursday at 6pm ET, marking their first group interview since launching efforts to cut federal spending. They are expected to discuss their findings on federal departments, particularly focusing on the Social Security Administration. This interview comes amid growing frustration among constituents regarding DOGE's proposed spending cuts.
Cathie Wood attributes Tesla's demand challenges to both political dynamics and a struggling economy, affecting not just Tesla but the entire auto industry. Despite recent vandalism and competition, she remains optimistic, predicting Tesla's stock could reach $2,600 in five years, contingent on the launch of a lower-priced model and advancements in self-driving technology. Wood believes that successful autonomous vehicles could transform Tesla into a software-centric business, enhancing the utility of existing cars.
Trump expressed satisfaction with Elon Musk's DOGE initiative, anticipating workforce reductions to meet his standards in the coming months. While Cabinet members praised the cuts, experts raised concerns about the potential negative impacts on federal productivity and the economy. Trump acknowledged the unpopularity of these measures but emphasized their necessity, advocating for a more measured approach to cuts.
Elon Musk
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wisconsin supreme court race tests political influence of musk and trump
United States Dollar
Tesla, Inc.
USA
Joe Biden
Elon Musk
Brad Schimel
Susan P. Crawford
Donald Trump
Show more
11:59 26.03.2025
conflict over broadband funding shifts focus to satellite internet solutions
Starlink USD
USA
Evan Feinman
Sarah Morris
Blair Levinsky
Elon Musk
Donald Trump
Howard Lutnick
Shelley Moore Capito
Show more
11:00 26.03.2025
Tesla to launch in Saudi Arabia with event showcasing electric vehicles and AI
10:10 26.03.2025
vietnam approves starlink services amid tariff cuts on us imports
08:27 26.03.2025
SpaceX allows Chinese investment through offshore routes raising national security concerns
Financial Times Ltd.(the)
Tesla, Inc.
SpaceXCoin USD
CYM
CHN
HKG
USA
Elon Musk
Betsy DeVos
Donald Trump
Marco Rubio
JD Vance
Show more
07:00 26.03.2025
musk refocuses on tesla as stock rebounds after all hands meeting
01:07 26.03.2025
Trump's tariffs and Musk's political role impact Tesla's stock and reputation
19:51 25.03.2025
Elon Musk and DOGE team to discuss federal spending cuts on Fox News
18:31 25.03.2025
cathie wood highlights economic and political factors impacting tesla demand
Euro
United States Dollar
Stellantis N.V.
Volkswagen AG
Nissan Motor Co., Ltd.
DEU
CHN
USA
Elon Musk
Cathie Wood
Show more
18:02 25.03.2025
trump expresses satisfaction with workforce cuts amid concerns from experts
17:33 25.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Economic Policies
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Banco Santander, S.A.
Berkshire Hathaway Inc.
SpaceXCoin USD
Bank of America Corporation
Morgan Stanley
BNP Paribas SA
Amazon.com, Inc.
Wells Fargo & Company
UBS Group AG
Lloyds Banking Group plc
NVIDIA Corporation
Bank Frick AG
Citigroup Inc.
Currencies:
United States Dollar
Euro
Japanese Yen
British Pound Sterling
Swiss Franc
Indian Rupee
Chinese Yuan
South Korean Won
Vietnamese Đồng
Canadian Dollar
Australian Dollar
Thai Baht
Singapore Dollar
Indonesian Rupiah
New Taiwan Dollar
Mexican Peso
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
People:
Donald Trump
Elon Musk
JD Vance
Warren Buffett
Sergio Ermotti
Mark Haefele
Robin Leopold
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Olivier Calvet
Scott Bessent
Stacey Friedman
George Saravelos
Francois Xavier Bouvignies
Joseph Spak
Stefan Rauti
Susan P. Crawford
Greg Rubini