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News on Medial
US president Trump to buy Tesla car as mark of support for Elon Musk
Economic Times
·
5m ago
Medial
Former US President Donald Trump expressed his support for Elon Musk by stating he would purchase a Tesla to show confidence in Musk's leadership. Trump praised Musk's efforts to bolster the US economy while criticizing attempts by the "Radical Left" to boycott Tesla. The announcement follows backlash against Tesla, including protests and vandalism, due to Musk's cuts in federal jobs and budgets. Despite peaceful demonstrations, Tesla faces potential financial challenges amid declining sales and increased competition.
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Trump confirms he met with Elon Musk, but they disagree about electric cars
Business Insider
·
1y ago
Medial
Former President Donald Trump met with Tesla CEO Elon Musk recently, but it is unclear whether he will receive Musk's endorsement for future campaigns. Trump expressed his personal fondness for Musk while stating their disagreement on electric cars. He believes that electric vehicles have limited range, high costs, and will be predominantly manufactured in China. Trump criticized President Biden's push for an all-electric future, citing the outdated and problematic state of the US electric grid. He also mentioned his previous support for alternative energy sources. The article highlights the complex relationship between Trump and Musk, including their differing views on environmental policies.
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Tesla CEO Elon Musk Alleges Donald Trump’s Name in Epstein Files Amid Escalating Feud
OutlookIndia
·
2m ago
Medial
Tesla CEO Elon Musk has alleged that former President Donald Trump's name appears in the Jeffrey Epstein files, suggesting this as the reason for the documents not being fully released. This claim adds to the escalating feud between Musk and Trump, following disagreements over Trump's legislative proposal and government support for Tesla. Neither Trump nor the White House has responded to Musk's accusations about Trump's involvement in the Epstein files, keeping the public debate ongoing.
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Tesla Shares Rebound Slightly After $150 Billion Rout as Musk-Trump Rift Seems to Ease
OutlookIndia
·
2m ago
Medial
Tesla shares rebounded slightly after losing $150 billion in market value due to a public feud between CEO Elon Musk and former US President Donald Trump. The conflict arose when Musk criticized Trump’s “One Big Beautiful Bill,” claiming it would increase the US deficit. Despite tensions, Tesla shares rose by about 5% amid rumors of potential communication between Musk and Trump. Wall Street indices remained strong, with the Dow Jones and Nasdaq both seeing gains.
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"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal
Economic Times
·
6m ago
Medial
Tesla CEO Elon Musk praised President-elect Trump’s decision not to ban TikTok, citing freedom of speech. He noted the imbalance that TikTok operates in the US while X is banned in China, calling for change. Despite a potential benefit to X, Musk opposed TikTok's US ban. Trump agreed to approve TikTok if the US owns 50% to save American jobs. The Chinese app thanked Trump for restoring US access, attributing positive outcomes to the "Trump Effect."
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Musk's Tesla, Starlink entry to India be boosted by Trump: Report
Inshorts
·
9m ago
Medial
Elon Musk's plans about Tesla and Starlink's entry into India may get a boost with newly-elected US President Donald Trump's support, a report said. Trump's influence could ease the regulatory hurdles that the world's richest man faces in India, the report added. Notably, Musk has actively endorsed Trump in the elections.
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Protesters demonstrate outside Tesla showrooms in US
Arstechnica
·
5m ago
Medial
Protesters gathered outside Tesla showrooms across the US, opposing CEO Elon Musk's role in drastic government cuts as an advisor to President Donald Trump. The protests, organized using hashtags #TeslaTakedown and #TeslaTakeover, targeted Musk's influence in the White House and his support for far-right politics. Actions against Musk range from demonstrations to vandalism, with criticisms focusing on alleged fascist associations. The backlash has affected Tesla's stock, reflecting consumer and investor concerns about Musk's political alliances.
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Donald Trump says open to naming Tesla CEO Elon Musk as an adviser; hints at ending EV tax credit
Economic Times
·
11m ago
Medial
Donald Trump, former US President, stated that if he were to be elected again, he would consider ending the $7,500 tax credit for electric vehicle purchases. He also expressed openness to naming Tesla CEO Elon Musk to a cabinet or advisory role, acknowledging Musk's intelligence. Trump had sought to repeal the tax credit during his presidency, and he criticized Treasury Department rules that made it easier for automakers to utilize the credit. He additionally mentioned his intention to discourage car exports from Mexico for US consumers by imposing tariffs. Trump also criticized Google and hinted at potential consequences for the company. Regarding TikTok, he did not directly address continuing Chinese ownership but expressed difficulty in banning the app due to concerns about free speech.
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Elon Musk's stint in the US government is coming to an end | TechCrunch
TechCrunch
·
2m ago
Medial
Tech mogul Elon Musk is ending his role as a U.S. special government employee and stepping down as head of the Department of Government Efficiency (DOGE), which aims to reduce government spending. Musk thanked President Trump for the opportunity, stating that DOGE will strengthen over time. His departure aligns with cooling relations with the Trump administration, as Tesla sales suffered due to his political alignment. DOGE's cuts affected multiple government sectors.
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Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion | Company Business News
Livemint
·
8m ago
Medial
Tesla CEO Elon Musk has increased his wealth by $80 billion, making him the richest person in the world, surpassing Oracle chairman Larry Ellison, according to Forbes. With a net worth of $334.3 billion, Musk's fortune is primarily derived from his stakes in Tesla and SpaceX, amounting to 13% and 42% respectively. He also has investments in other companies such as Neuralink, The Boring Company, and xAI. Musk's support for President-elect Donald Trump and the subsequent market response following the US election results further contributed to his financial success. Additionally, Musk's AI company, xAI, is now valued at $50 billion.
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US President Donald Trump "acknowledged" Musk's apology, says White House Press Secy
Economic Times
·
1m ago
Medial
Tesla CEO Elon Musk expressed regret over his critical social media posts about President Donald Trump, following a recent conflict between them. Musk conveyed his apology during a brief phone call with Trump, facilitated by Vice President JD Vance and White House Chief of Staff Susie Wiles. White House Press Secretary Karoline Leavitt confirmed that President Trump acknowledged Musk’s apology and emphasized their continued focus on serving the American people. No review of Musk's government contracts has begun.
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