{
}
Donald Trump has denied a report that Elon Musk was to be briefed by the Pentagon on military plans for a potential war with China, stating that "China will not even be mentioned." The Pentagon confirmed Musk's visit, emphasizing it would focus on innovation and efficiencies rather than military strategies. This meeting raises concerns about potential conflicts of interest for Musk, who has significant business ties in China.
Elon Musk is set to receive a briefing at the Pentagon on top-secret military plans regarding a potential conflict with China, marking a significant expansion of his advisory role to President Trump. This access raises concerns about conflicts of interest, given Musk's business ties with China and substantial federal contracts for his companies, Tesla and SpaceX. The briefing will focus on military strategies, including specific targets in China, and is considered among the military's most closely guarded secrets.
The Pentagon is set to brief Elon Musk on classified U.S. military plans regarding a potential conflict with China, featuring 20–30 slides on strategic options and timelines. Musk's significant ties to both the Pentagon and China raise concerns about conflicts of interest. However, U.S. Secretary of Defense Pete Hegseth has downplayed the meeting, stating it will focus on innovation and production efficiencies rather than military strategies.
[SEC]
Tesla trade-ins are on track for a record high, with vehicles from model year 2017 or newer making up 1.4% of all trade-ins by mid-March, up from 0.4% last year. This surge is attributed to growing discontent among owners over Elon Musk's government involvement and brand loyalty concerns, potentially benefiting competitors. As used Tesla prices decline, consumer interest in new models has also dropped to its lowest since October 2022, indicating a shift in sentiment that could open doors for legacy automakers and new EV startups.
Elon Musk faced mockery from Jimmy Kimmel after he labeled protestors against Tesla as “deranged” during a Fox News interview. Kimmel criticized Musk's behavior, referencing his chainsaw display at a conference and past accusations of fascist salutes, while also condemning recent arson attacks on Tesla showrooms. An early investor suggested Musk should step down as CEO due to his divisive leadership and focus on reducing federal agencies, which has sparked protests among Tesla owners.
Accenture's stock plummeted 7% following the cancellation of several multi-million dollar contracts due to cost-cutting measures by Elon Musk’s Department of Government Efficiency. CEO Julie Sweet noted a slowdown in securing new US government contracts, which account for 8% of the company's revenue, and acknowledged ongoing uncertainties as federal priorities shift. Despite the challenges, Sweet expressed optimism about future opportunities to enhance government efficiency.
Elon Musk's social network X has filed a lawsuit against the Indian government, claiming the IT Ministry has unlawfully expanded its censorship powers, allowing for easier content removal. The lawsuit highlights concerns over a government-run website that bypasses legal safeguards, leading to "unrestrained censorship" in India. This legal battle coincides with Musk's plans to launch Starlink and Tesla in the country, amid ongoing tensions between X and Prime Minister Narendra Modi's administration.
Elon Musk is at a critical juncture with Tesla, according to analyst Dan Ives, who warns that Musk's extensive involvement with the Department of Government Efficiency (DOGE) has turned Tesla into a political symbol, negatively impacting its brand. With Tesla's stock plummeting to around $230 and increasing protests against the company, Ives urges Musk to balance his roles and provide clarity on upcoming affordable models and the robotaxi service to mitigate the crisis.
Major Tesla investor Ross Gerber has called for Elon Musk to either return to Tesla full-time or focus on his government work, citing concerns over Musk's divided attention since acquiring Twitter. Gerber claims Musk's divisive actions have harmed the company's reputation, leading to declining sales amid increasing competition and trade war pressures. Additionally, Tesla faces a recall of 46,000 Cybertrucks and significant protests planned globally, while over 375,000 Canadians have signed a petition to revoke Musk's citizenship due to his political affiliations. Musk dismissed the protests as irrational, claiming they stem from his efforts to combat government corruption.
Elon Musk
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Trump denies Musk's involvement in Pentagon's China war plan briefing
02:46 21.03.2025
Elon Musk to receive top secret military briefing on China conflict plans
02:27 21.03.2025
pentagon to discuss military strategies with elon musk amid scrutiny
01:53 21.03.2025
elon musk served court summons in sec lawsuit over twitter disclosures
01:30 21.03.2025
Tesla trade-ins surge as brand loyalty falters amid Musk controversy
United States Dollar
Tesla, Inc.
HD Hyundai Co., Ltd.
USA
Elon Musk
Kevin Lamarque
Jessica Caldwell
Donald Trump
Rod Nickel
Fred Mckinney
Show more
23:16 20.03.2025
Elon Musk responds to Jimmy Kimmel's mockery over Tesla controversies
18:36 20.03.2025
Accenture shares drop as government contract cancellations impact revenue outlook
Euro
United States Dollar
Microsoft Corporation
Google Inc.
Apple Inc.
Pfizer Inc.
IRL
USA
Elon Musk
Julie Sweet
Donald Trump
Show more
18:12 20.03.2025
musk's x files lawsuit against indian government over online censorship issues
18:03 20.03.2025
Elon Musk faces critical moment as Tesla's brand struggles amid political ties
17:40 20.03.2025
investors urge elon musk to choose between tesla and government roles
17:17 20.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Finance Mergers & Acquisitions
Retail and Consumer Goods
Global Financial Events
Market Analysis and Predictions
Banking Regulations
Industry Mergers & Acquisitions
CEO Changes
Global Trade Developments
Supply Chain Management
Workplace Trends
Startups & Entrepreneurship
Hedge Funds & Private Equity
Government Economic Policies
Central Bank Actions
Financial Scams and Security
Government Policies
Banking & Investment Regulations
Countries:
Companies:
Barclays PLC
BNP Paribas SA
Tesla, Inc.
Deutsche Bank RV Global PP
Raiffeisen Bank International AG
JPMorgan Chase & Co.
UniCredit S.p.A.
Apple Inc.
Strabag SE
Citigroup Inc.
Kering S.A. (ADRs)
The Goldman Sachs Group, Inc.
Banco BPM S.p.A.
UBS Group AG
Bank of America Corporation
Morgan Stanley
Berner Kantonalbank AG
Berkshire Hathaway Inc.
Microsoft Corporation
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Russian Ruble
Brazilian Real
Filipino Peso
Malaysian Ringgit
United Arab Emirates Dirham
South African Rand
Indonesian Rupiah
South Korean Won
People: