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Tesla board members and executives have sold over $100 million in stock amid a nearly 50% decline in shares since mid-December. Notable sales include James Murdoch's $13 million and Kimbal Musk's $27 million, with transactions often linked to predetermined sales plans. Analysts suggest these moves may reflect personal financial decisions rather than negative outlooks on the company.
UBS has eliminated specific targets for promoting women and minorities in management, previously aiming for 30% women and 26% ethnic minorities by 2025. The bank has also postponed its goal for achieving net-zero operational emissions from 2025 to 2035, citing an expanded real estate portfolio after acquiring Credit Suisse.
Elon Musk has proposed privatizing Amtrak, the largest high-speed rail provider in the U.S., arguing that it could enhance productivity and service quality. While Amtrak defends its recent recovery and record ridership, industry advocates believe privatization could attract investment and improve infrastructure. The White House has yet to clarify its stance on this potential shift.
Elon Musk's Starlink is set to revolutionize satellite connectivity in India, potentially offering 80-90 times the capacity of competitors like Reliance Jio-SES and Eutelsat OneWeb. With a few terabytes per second of data throughput, Starlink awaits regulatory approvals to commence operations, planning to establish gateways in Mumbai, Pune, and Indore. The company aims to enhance satellite bandwidth in India, which is crucial for the growth of the satellite communication sector.
Christopher Tsai, a significant Tesla investor, expressed concern over Elon Musk's involvement with the Department of Government Efficiency (DOGE), hoping it is temporary so Musk can refocus on Tesla. Tsai's firm holds 69,700 Tesla shares, making up one-fifth of its $137 million portfolio. Other investors, like Ross Gerber, share similar worries, citing Musk's distractions with AI and political activities as detrimental to Tesla's performance, which has seen a significant stock decline and sales drop in key markets.
The Shiba Inu team has highlighted five key achievements to Elon Musk, showcasing the evolution of SHIB from a meme coin to a utility project. Key milestones include the launch of Shibarium, a Layer-2 blockchain, the introduction of multiple games and a metaverse project, strategic partnerships with notable organizations, the development of Shib OS for enhanced user experience, and the implementation of the Shib Torch burn portal to reduce circulating supply. These initiatives aim to solidify SHIB's position in the crypto space and drive the growth of its ecosystem.
Bids have surpassed $21,000 for the iconic Twitter logo sign that Elon Musk removed from the company's headquarters. This significant auction reflects the logo's cultural impact and the ongoing interest in memorabilia associated with the tech mogul.
Elon Musk has targeted the decentralized Tesla Takedown movement and its members, including activist Val Costa, accusing them of crimes amid their peaceful protests against his ties to the Trump administration. Despite the harassment and fear, Costa emphasizes the importance of standing up against powerful forces, asserting that their movement is gaining traction as Tesla's stock and sales decline significantly. The grassroots effort, driven by community support, aims to challenge the oligarchic influence in politics and uphold democratic values.
DOGE claims to have saved $105 billion through extensive job cuts and spending reductions, but has only documented a small portion of these savings, leading to concerns over its accounting practices. The initiative has resulted in over 100,000 job losses across federal agencies, raising national security issues, particularly with layoffs affecting nuclear weapons site workers. Amidst mounting pressure, Trump has instructed department heads to take control of staffing decisions, while Musk revealed the existence of 'magic money computers' at the Treasury that allegedly issue payments without proper oversight.
Starlink is set to face a spectrum tax in India, which could raise service costs as it will be required to pay around 3% of its adjusted gross revenue in addition to an 8% license fee. This tax applies to satellite operators receiving administratively assigned spectrum, as determined by the new Telecom Law. The Telecom Regulatory Authority of India (Trai) is finalizing recommendations on satellite spectrum allocation, which will be reviewed by the Department of Telecom and the Digital Communications Commission before Cabinet approval.
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