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Elon Musk recently discussed "magic money computers" during a podcast with Sen. Ted Cruz, highlighting concerns over government financial practices and accounting. He criticized the lack of oversight, suggesting that the government can create money without proper checks, akin to a failure in double-entry accounting. Experts noted that while the government can print money, this can lead to inflation, raising questions about fiscal responsibility and the implications of such monetary policies.
Elon Musk may face a margin call on loans secured by his Tesla shares if the stock continues to decline. Currently, Tesla shares are down 41% this year, and reports suggest Musk would need to sell shares if the price falls to around $114, potentially exacerbating the stock's decline. Analysts remain optimistic about Tesla's future despite these challenges.
Elon Musk shared a manipulated survey claiming that 70% of Germans would consider buying a Tesla, despite a previous report showing only 3% interest. The survey was found to have been rigged by bots, with 253,000 votes from just two US IP addresses, leading to its shutdown. Tesla's sales in Germany have plummeted, with a 41% drop last year and a staggering 70% decline in early 2025, attributed to Musk's diminishing credibility and increased competition.
Elon Musk's cuts to the US Agency for International Development have resulted in GiveDirectly losing $20 million in expected funding, impacting its programs aimed at combating global poverty. The organization, which provides unconditional cash transfers, has suspended initiatives in conflict zones, including support for young entrepreneurs in Mozambique. Despite launching a campaign to raise funds, GiveDirectly faces challenges in securing private donations amid a broader reduction in philanthropic support.
Morgan Stanley is set to lay off approximately 2,000 employees, representing about 2.5% of its workforce, as part of cost-control measures. The cuts will affect most of the 65,000 workers outside the financial advisory group, with selections based on performance and location, while some roles will be eliminated due to AI advancements. Despite these layoffs, the company’s stock has seen a decline of around 6% in 2025, although it has gained over 34% in the past year.
Tesla's stock saw an uptick following CEO Elon Musk's interview with Sean Hannity, where he expressed surprise at recent protests and negative sentiments towards the company. After eight weeks of declines, the stock benefited from California's approval for Tesla to start ride-hailing services, a crucial step for its future plans. Analysts remain optimistic despite challenges from consumer pushback and reduced EV tax credits.
Tesla has faced a surge of violent attacks across the U.S., with incidents including arson, vandalism, and gunfire targeting its properties and products. Officials, including Attorney General Pam Bondi, have labeled these acts as domestic terrorism, promising severe consequences for those involved. CEO Elon Musk expressed shock at the level of hatred directed towards Tesla, emphasizing the company's peaceful mission.
Tesla owners are urging Elon Musk to implement features that deter vandalism, as incidents of arson and damage to vehicles are rising. While Sentry Mode records suspicious activity, it doesn't prevent vandalism, leading to calls for alerts like honking to warn potential offenders. Concerns are heightened by the perception that owners are being targeted due to Musk's political associations, creating a climate of fear within the community.
Elon Musk and entrepreneur James Fishback propose the DOGE Dividend, which aims to provide $5,000 checks to taxpayers as part of savings from federal spending cuts. Approximately 79 million households could benefit, but many would be excluded, particularly lower-income taxpayers. Congress has yet to approve the plan, facing skepticism over the projected savings and concerns about the national debt, with implementation tentatively set for July 2026.
Tesla's stock has plummeted, causing Elon Musk's stake in the company to drop below that of SpaceX for the first time in over five years. Shares fell from nearly $480 to around $225, impacting Musk's wealth significantly as he struggles to balance his commitments across multiple ventures. Despite these challenges, he is set to defend his controversial $56 billion pay package for his role at Tesla.
Elon Musk
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