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political tensions rise as calls to target elon musk escalate
Rep. Jasmine Crockett sparked controversy by calling for Elon Musk to be "taken down" during a virtual rally, coinciding with her birthday on March 29, which is set to feature widespread protests against the Tesla chief. Crockett emphasized that her calls for "fighting" were figurative, advocating for peaceful demonstrations, while MAGA Republicans condemned her rhetoric, with warnings of potential violence. Following the rally, three individuals were charged for Molotov cocktail attacks on Tesla vehicles and charging stations in multiple states.
congressional stock trading under scrutiny as lawmakers navigate ethical concerns
Josh Gottheimer of New Jersey has made multiple Tesla stock transactions since Trump's election, with a spokesperson stating he uses an investment manager for these trades. While Congress members can trade assets, many lawmakers are avoiding investments in companies linked to Trump and Musk due to potential conflicts of interest. A bipartisan push for stricter trading regulations continues, as some Democrats have recently shown interest in Tesla shares despite concerns over Musk's influence in government.
Elon Musk condemns website for publishing personal data of Tesla owners
Elon Musk condemned the publication of personal information of Tesla owners by the website "Dogequest," labeling it as "extreme domestic terrorism." The site demands owners prove they’ve sold their vehicles to remove their data, amid rising anti-Tesla sentiment and incidents of vandalism and violence against Tesla facilities. Public protests against the company have also increased, with notable criticism from investors regarding the valuation of Tesla shares.
Elon Musk discusses government spending cuts with House Republicans and veterans concerns
Elon Musk met with House Republicans to discuss potential $1 trillion spending cuts, focusing on government inefficiencies and waste. He emphasized the need for better data cross-referencing to eliminate unnecessary expenditures, while addressing concerns about veterans' benefits. The discussions included the possibility of a congressional rescissions package to reclaim excessive spending.
progressives unite against elon musk's influence in government efficiency efforts
Rep. Greg Casar is leading a progressive push against Elon Musk's influence in the federal government, criticizing his role in the Department of Government Efficiency and potential conflicts of interest. Casar argues that contracts should be awarded based on performance, not Musk's power, and has called for limits on his involvement with federal agencies. The controversy has sparked bipartisan discussions, with calls to "Fire Elon Musk" resonating across the country, highlighting concerns over government accountability and worker safety at Musk's companies.
Elon Musk faces backlash over Social Security comments and proposed cuts
Elon Musk's recent comments labeling Social Security as "the biggest Ponzi scheme of all time" have sparked backlash from Democrats, including Representative Alexandria Ocasio-Cortez, who criticized him for targeting vulnerable populations for personal gain. As the Social Security Administration plans to cut 7,000 jobs amid ongoing staffing shortages, concerns grow over the program's future, which has provided benefits to millions for 86 years. Critics argue that Musk's influence and the push for federal budget cuts threaten the integrity of this essential program.
Elon Musk's DOGE Initiative Aims for Major Federal Spending Cuts
Elon Musk’s Department of Government Efficiency (DOGE) is gaining traction, led by key figures like Steve Davis and Michael Kratsios, focusing on hiring AI software engineers. The initiative aims to cut up to $2 trillion in federal spending, potentially impacting major programs like Social Security and Medicare. With support from President-elect Trump, DOGE is positioned to influence the next administration's policies on government efficiency.
Elon Musk Advocates for Historic Two Trillion Dollar Federal Budget Cuts
Elon Musk is set to meet with lawmakers in Congress to promote his initiative aimed at cutting at least $2 trillion from the federal budget, a move not seen since post-World War II. Partnering with Vivek Ramaswamy, Musk will engage with Republican House members, led by Marjorie Taylor Greene, who will head a new subcommittee focused on this effort.
Tesla stock surge fueled by investor optimism and momentum not fundamentals
Tesla's stock surge, driven by investor optimism linked to President-elect Trump's policies favoring CEO Elon Musk, has added $350 billion to its market cap. However, UBS analysts caution that this momentum lacks fundamental support, warning that potential removal of consumer tax credits could hurt demand. Despite a friendly regulatory environment for autonomous vehicles, challenges remain, and Tesla's Cybercab production won't start until at least 2026.
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