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Tesla announced on March 24 that it will launch its full self-driving feature in China after receiving regulatory approval. This follows earlier reports suggesting a potential delay in the rollout, which was initially set for between March 17 and April 16.
Elon Musk has endorsed new loan verification measures by the Small Business Administration (SBA) to combat fraud, particularly concerning loans issued to individuals over 115 years old. The SBA will now verify dates of birth and has paused applications for those under 18 or over 120, following revelations that $333 million in loans were granted to borrowers listed as alive in Social Security databases, including a 157-year-old who received $36,000. Critics, including Rep. Adam Schiff, warn that these measures could undermine Social Security access.
The SEC has filed a lawsuit against Elon Musk for allegedly failing to disclose his acquisition of over 5% of Twitter shares within the mandated 10-day period, which he completed in 2022. This delay reportedly allowed him to save $150 million by buying shares at lower prices, with his disclosure coming 21 days later, causing a spike in Twitter's stock price. The SEC did not charge Musk with any intent behind the late disclosure.
Elon Musk's proposed $55 billion compensation package significantly exceeds Tesla's total accumulated net income, which remains below that figure. A Delaware judge previously canceled the package, citing governance issues, and Musk's appeal is ongoing. Current projections suggest Tesla's net income may reach $55 billion by late 2027, raising concerns about the appropriateness of Musk's compensation relative to the company's financial performance.
Elon Musk, serving as a special government employee, has raised concerns among lawmakers regarding potential conflicts of interest due to his extensive business operations and government contracts. Despite assurances from the administration about transparency and adherence to ethics rules, critics worry about the implications for U.S. cybersecurity and governance. Musk's influence within the government is notable, as he is perceived to have significant sway over various federal departments while officially holding no formal authority.
President Trump proposed a 25% tariff on countries purchasing Venezuelan oil during a cabinet meeting attended by Elon Musk, amid ongoing legal challenges and discussions on government spending cuts. Tensions escalated with Greenland's Prime Minister over Trump's aggressive moves to annex the territory, as senior U.S. officials prepare to visit.
The Wisconsin Supreme Court election on April 1 has become a pivotal test of political enthusiasm, heavily influenced by Elon Musk's financial backing of the conservative candidate, Brad Schimel. This race, marked by significant spending and partisan tensions, could shape future congressional maps and impact the 2026 midterms. Democrats are framing the election as a stand against Musk's influence, while Republicans rally around Trump’s agenda, making it a critical battleground in American politics.
The Wisconsin Supreme Court election on April 1 has become a pivotal test of political enthusiasm, heavily influenced by Elon Musk's financial backing of the conservative candidate, Brad Schimel. This race, marked by significant spending and partisan tensions, could shape future congressional maps and impact the 2026 midterms. Democrats are framing the election as a stand against Musk's growing political influence, while Republicans rally around Trump’s agenda, making the outcome critical for both parties.
Trump allies are urging the White House to limit Elon Musk's media appearances after he labeled Social Security "the biggest Ponzi scheme of all time." Despite Musk's criticisms, the administration maintains that Social Security will remain intact, with no plans for cuts. Concerns are rising among lawmakers and constituents about Musk's influence, especially as he advocates for significant reforms in entitlement spending.
President Trump is set to implement targeted reciprocal tariffs on April 2, a move expected to escalate U.S. tariffs while straining relations with allies. Although the approach will be more focused than previously indicated, officials suggest that only a few countries will face these tariffs, contrary to market expectations of widespread increases. Trump emphasized the need for the U.S. to reclaim respect and financial fairness in international trade.
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