Tesla’s horrendous first quarter numbers have some of its backers rethinking a few things. Namely, their CEO Elon Musk, whose once immense starpower is now inverting on itself. Still haunted by last year’s sales slump — the first annual drop in its history — Tesla has kicked off 2025 with a worrying omen that it
By Abhirup Roy and Akash Sriram (Reuters) – CEO Elon Musk pledged Tesla would return to growth this year after the company posted its first-ever sales decline in 2024. But the odds look stacked against him. Relentless protests in many countries against the billionaire’s involvement in U.S. President Donald Trump’s administration and far-right politics in
The Department of Health and Human Services (HHS) cut a little-known bureau in its ranks that was trying to recoup more than $1 billion in improper payments dispersed to providers during the COVID-19 pandemic. The Trump administration announced the dismantling of the HHS on March 27. HHS Secretary Robert F. Kennedy Jr. told the public
Elon Musk clarified that the U.S. government has no intention of adopting Dogecoin, despite rumors sparked by the creation of the Department of Government Efficiency (DOGE). Speaking at a town hall in Green Bay, Wisconsin, Musk emphasized that the department and the meme coin were not connected. “There are no plans for the government to
Brevard groups dedicated to ensuring the county’s most vulnerable residents have food are witnessing a surge in need — just as they are starting to feel the harsh effects of federal government budget cuts. Twenty-eight tractor trailer trucks traveling with food to local Florida communities have been halted, without notice. “The hits keep coming. This
This is part of Trump’s Great American Crypto Scam, a series about the catastrophic collision between the second Trump administration and the wild world of cryptocurrency. Read it all here. You’ve kinda gotta hand it to the cryptocurrency industry—after experiencing crushing disaster with the collapse of Sam Bankman-Fried’s airless empire, plunging from COVID-era ubiquity to
This is part of Trump’s Great American Crypto Scam, a series about the catastrophic collision between the second Trump administration and the wild world of cryptocurrency. Read it all here. You’ve kinda gotta hand it to the cryptocurrency industry—after experiencing crushing disaster with the collapse of Sam Bankman-Fried’s airless empire, plunging from COVID-era ubiquity to
Elon Musk’s rocket company SpaceX has allowed Chinese investors to buy stakes as long as the funds are routed through the Cayman Islands or other offshore hubs, according to reporting from ProPublica. SpaceX is a defense contractor for the Pentagon, one that handles sensitive work like building a classified spy satellite network. Investment from China
Elon Musk Backs Crackdown On SBA Loans After $333 Million Went To Borrowers Over 115 Years Old Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk endorsed new loan verification measures implemented by the Small Business Administration, highlighting concerns about fraudulent applications using stolen Social Security numbers. What Happened: “No more loans to babies or people too old
Florida has finally figured out how to give back money it didn’t want to appropriate during the Joe Biden administration. “For years, Florida has been trying to return federal funds to the federal government due to the ideological strings attached by the Biden Administration—but they couldn’t even figure out how to accept it. Today, I