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President Trump praised Elon Musk as a "patriot" and "brilliant guy" during an Oval Office event, defending his contributions to the Department of Government Efficiency (DOGE) amid criticism. Trump highlighted Musk's achievements in aerospace and technology, expressing hope for his continued involvement despite Musk's plans to step back from DOGE. The remarks come as tensions rise around Tesla, with incidents of violence and protests affecting the company.
Tesla's first-quarter revenue fell 9%, with a staggering 71% drop in net income year-over-year, attributed largely to CEO Elon Musk's polarizing political actions. Musk stated that if the U.S. economy falters, Tesla will suffer alongside it, emphasizing his commitment to refocus on the company. Despite the financial downturn, plans for more affordable vehicles are set for release by the end of June.
Elon Musk and Treasury Secretary Scott Bessent engaged in a heated argument at the White House over differing visions for IRS reform, with Musk advocating for a more aggressive approach. The confrontation, which drew attention from President Trump, highlighted Musk's ongoing disputes with top administration officials. Commerce Secretary Howard Lutnick reportedly sided with Musk during the exchange.
Elon Musk plans to reduce his involvement with the Department of Government Efficiency (DOGE) amid Tesla's declining sales, acknowledging the backlash from his government role. Experts predict DOGE's influence will wane without Musk's leadership, citing its limited success in cutting waste and inefficiency in government spending. Critics argue that while DOGE claims to have saved taxpayers $160 billion, actual savings are likely much lower, highlighting the need for a more thoughtful approach to government reform.
Musk's influence in Washington is diminishing as Treasury Secretary Scott Bessent has taken control from DOGE, leading to staff changes and a cautious approach to budget cuts. Despite this, Musk plans to remain involved, visiting the capital weekly and continuing to engage in government matters as needed. Transportation Secretary Sean Duffy emphasized the importance of building infrastructure rather than cutting budgets, while the Department of Defense is reviewing shipbuilding efforts with DOGE's input.
Elon Musk and Scott Bessent engaged in a loud shouting match in the West Wing, reflecting their strained relationship. The altercation escalated over Bessent's criticism of Musk's cost-cutting efforts, leading Musk to label Bessent a "Soros agent," invoking an antisemitic conspiracy theory. Witnesses described the scene as chaotic, with a White House aide needing to intervene.
Elon Musk and Treasury Secretary Scott Bessent engaged in a heated argument near the Oval Office over the appointment of IRS acting commissioner Gary Shapley, which Musk supported while Bessent favored his deputy, Michael Faulkender. The confrontation escalated to a WWE-style screaming match, prompting aides to intervene. Following the dispute, Shapley was removed from his position just three days after his appointment, with Bessent asserting the need for trust in the IRS.
Elon Musk and Treasury Secretary Scott Bessent engaged in a loud shouting match in the White House, reflecting a power struggle within President Trump's administration over the leadership of the IRS. Witnesses described the scene as chaotic, with one aide intervening to prevent escalation. Despite the clash, White House Press Secretary Karoline Leavitt characterized it as part of a "healthy debate," while Bessent's influence continues to grow amid Musk's plans to reduce his advisory role.
Elon Musk's leadership at Tesla faces scrutiny as the company reports a 71% profit drop and declining sales, leading to a negative public perception of both him and the brand. His recent retreat from overseeing the Department of Government Efficiency raises concerns about the future of innovation at Tesla, especially as competition from Chinese electric car manufacturers intensifies. Amid protests against him, Musk's dismissive attitude reflects a disconnect from public sentiment, further complicating Tesla's prospects.
Elon Musk's Department of Government Efficiency (DOGE) is reportedly planning significant cuts to the Millennium Challenge Corporation (MCC), a U.S. development agency. Staff were informed of potential reductions in programs and personnel, raising concerns about the agency's future after it has invested nearly $17 billion in 47 countries over the past two decades. The MCC currently operates with an annual budget of about $900 million.
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