Tag #Tesla

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cbsnews.com

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Jun 1, 16:13

Musk's DOGE Initiative: 250,000 Job Losses, $100 Billion Net Worth Drop

Elon Musk's Department of Government Efficiency (DOGE) initiative resulted in the firing or buyout of 250,000 federal workers within four months, causing a 71% drop in Tesla's profits and a $100 billion decrease in Musk's net worth, leading to his eventual departure from the Trump administration.

Musk's DOGE Initiative: 250,000 Job Losses, $100 Billion Net Worth Drop

Elon Musk's Department of Government Efficiency (DOGE) initiative resulted in the firing or buyout of 250,000 federal workers within four months, causing a 71% drop in Tesla's profits and a $100 billion decrease in Musk's net worth, leading to his eventual departure from the Trump administration.

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How did differing ideological perspectives on the role of government contribute to the controversy surrounding DOGE?

Musk's DOGE initiative, aimed at streamlining the federal government, led to significant job losses and controversy. The approach, characterized by rapid cuts and a focus on smaller government, clashed with opposing viewpoints, highlighting the ideological divide surrounding government's role. This resulted in a substantial financial impact on Musk and Tesla.",

bbc.com

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May 31, 01:10

Musk Departs Controversial 'Doge' Post, Leaving Behind Questionable Savings and Layoffs

Elon Musk's 130-day stint as head of the Department of Government Efficiency (Doge) ended, leaving behind $175 billion in claimed savings (partially verified) but also mass federal layoffs and controversy, despite President Trump's assertion of his continued involvement.

Musk Departs Controversial 'Doge' Post, Leaving Behind Questionable Savings and Layoffs

Elon Musk's 130-day stint as head of the Department of Government Efficiency (Doge) ended, leaving behind $175 billion in claimed savings (partially verified) but also mass federal layoffs and controversy, despite President Trump's assertion of his continued involvement.

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How did Elon Musk's work with Doge impact various federal agencies, and what controversies emerged during his tenure?

Musk's time at Doge resulted in claimed savings of $175 billion, although verifiable evidence only supports a fraction of this figure. This, coupled with mass federal layoffs and criticism of his companies, led to a decline in Tesla's sales. The administration credits Doge with shifting mindsets within the federal government.

us.cnn.com

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May 31, 04:08

Musk distances himself from Trump administration, citing policy disagreements and business priorities

Elon Musk has publicly distanced himself from the Trump administration, citing policy disagreements and a desire to refocus on his companies, a move viewed positively by Tesla shareholders concerned about potential brand damage from his political involvement; however, President Trump suggested Musk ...

Musk distances himself from Trump administration, citing policy disagreements and business priorities

Elon Musk has publicly distanced himself from the Trump administration, citing policy disagreements and a desire to refocus on his companies, a move viewed positively by Tesla shareholders concerned about potential brand damage from his political involvement; however, President Trump suggested Musk ...

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How does Musk's change in political engagement affect his business interests, and what are the broader implications for his companies?

Musk's change in political stance reflects a strategic recalibration, prioritizing his business interests over political engagement. His public criticism of specific administration policies, coupled with his reduced political spending, signals a move away from direct political involvement. This shift is viewed positively by Tesla shareholders concerned about brand damage from his previous political activities.

elmundo.es

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May 30, 04:11

Musk Resigns From Trump Administration After Budget Dispute

Elon Musk resigned from his position as head of the Department of Governmental Efficiency (DOGE) after four months due to disagreements with President Trump's budget proposal, which would increase the deficit by $3.8 trillion, negating Musk's claimed savings of $175 billion.

Musk Resigns From Trump Administration After Budget Dispute

Elon Musk resigned from his position as head of the Department of Governmental Efficiency (DOGE) after four months due to disagreements with President Trump's budget proposal, which would increase the deficit by $3.8 trillion, negating Musk's claimed savings of $175 billion.

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How did Musk's actions as head of DOGE impact public opinion and the performance of his companies, specifically Tesla?

Musk's DOGE role involved significant federal layoffs (around 260,000) and program cuts, leading to widespread criticism and impacting Tesla's stock price. His public disagreements with Trump's fiscal policies culminated in his resignation, highlighting the short-lived and ultimately unsuccessful nature of his government position. Musk's $290 million investment in supporting Trump's election also appears to have yielded minimal returns.

zeit.de

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May 30, 22:11

Trump Praises Musk's Cost-Cutting, But His Government Role Ends

US President Donald Trump lauded Elon Musk for his government cost-cutting, claiming billions in savings and significant reforms, but Musk's 130-day term as a special government employee is ending, and he will focus on Tesla.

Trump Praises Musk's Cost-Cutting, But His Government Role Ends

US President Donald Trump lauded Elon Musk for his government cost-cutting, claiming billions in savings and significant reforms, but Musk's 130-day term as a special government employee is ending, and he will focus on Tesla.

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How did Elon Musk's political activities influence public perception of Tesla and broader business interests?

Musk's cost-cutting initiatives, credited with saving billions, have drawn both praise from Trump and criticism from others who dispute the figures and accuse Musk of harmful actions. His involvement in the government has been controversial, impacting his image and potentially Tesla sales.

cbsnews.com

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May 29, 10:13

Tesla Europe Sales Plunge 49% Amidst Broader EV Market Growth

Tesla's European sales dropped 49% in April 2024 to 7,261 units, while overall electric vehicle sales rose 28%, due to negative publicity surrounding Elon Musk, increased competition from Chinese brands, and production issues.

Tesla Europe Sales Plunge 49% Amidst Broader EV Market Growth

Tesla's European sales dropped 49% in April 2024 to 7,261 units, while overall electric vehicle sales rose 28%, due to negative publicity surrounding Elon Musk, increased competition from Chinese brands, and production issues.

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What factors beyond Elon Musk's public image contributed to Tesla's European sales slump?

The drop aligns with negative publicity surrounding Elon Musk's political stances and his involvement with DOGE, impacting Tesla's brand image. Increased competition from Chinese brands offering lower-priced EVs, coupled with Tesla's aging model lineup and factory shutdowns for Model Y upgrades, further contributed to the sales decline.

smh.com.au

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Jun 1, 01:10

Musk's Cost-Cutting Stint: Billions Lost, Lessons Learned

Elon Musk's four-month tenure as a US government advisor ended with significantly less savings than projected, resulting in a 30% drop in his net worth and substantial losses for Tesla, highlighting the unforeseen consequences of short-sighted cost-cutting.

Musk's Cost-Cutting Stint: Billions Lost, Lessons Learned

Elon Musk's four-month tenure as a US government advisor ended with significantly less savings than projected, resulting in a 30% drop in his net worth and substantial losses for Tesla, highlighting the unforeseen consequences of short-sighted cost-cutting.

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What were the actual financial outcomes of Elon Musk's cost-cutting initiatives in the US government, and what were the unintended consequences?

Elon Musk's four-month stint as a US government advisor ended with significantly less savings than initially projected. His Department of Government Efficiency (DOGE) aimed for $2 trillion in cuts, revised down to $175 billion, while audits suggest a far lower actual figure. This coincided with a 30% drop in Musk's personal fortune and a substantial Tesla stock decline.

theglobeandmail.com

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May 31, 01:10

Musk Remains Trump Advisor Despite Cost-Cutting Shortfalls

President Trump announced that Elon Musk will remain a close advisor despite his departure as head of the Department of Governmental Efficiency after four months, during which thousands of federal jobs were cut and billions of dollars in spending were reduced, significantly less than initially promi...

Musk Remains Trump Advisor Despite Cost-Cutting Shortfalls

President Trump announced that Elon Musk will remain a close advisor despite his departure as head of the Department of Governmental Efficiency after four months, during which thousands of federal jobs were cut and billions of dollars in spending were reduced, significantly less than initially promi...

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What were the immediate impacts of Elon Musk's tenure as head of the Department of Governmental Efficiency?

Elon Musk's four-month tenure as head of the Department of Governmental Efficiency ended on May 30, resulting in the elimination of thousands of federal jobs and billions of dollars in spending, although significantly less than initially promised. Despite this, President Trump stated Musk will remain a close advisor.

welt.de

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May 31, 01:10

Musk's 130-Day White House Role Ends Amidst Controversy and Tesla Stock Drop

Elon Musk's 130-day stint as a special government employee for President Trump ended, marked by a farewell press conference and a significant drop in Tesla's stock value, amidst controversies over political donations and public image.

Musk's 130-Day White House Role Ends Amidst Controversy and Tesla Stock Drop

Elon Musk's 130-day stint as a special government employee for President Trump ended, marked by a farewell press conference and a significant drop in Tesla's stock value, amidst controversies over political donations and public image.

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What are the potential long-term implications of Musk's political activities on his business interests and his public standing?

Musk's future political involvement remains uncertain, though he claims to be available for future consulting. The long-term effects of his actions on Tesla's performance and his public image will depend on his ability to regain investor confidence and refocus on the company's operations. His political activities also raise questions about the ethics of mixing business with high-level political involvement.

foxnews.com

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May 30, 07:13

Musk's DOGE Tenure Ends, Leaving $175 Billion in Claimed Savings

Elon Musk's 130-day stint as head of the Department of Government Efficiency (DOGE) concludes May 30, leaving behind $175 billion in claimed savings but also facing Democratic criticism; President Trump plans to continue working with him.

Musk's DOGE Tenure Ends, Leaving $175 Billion in Claimed Savings

Elon Musk's 130-day stint as head of the Department of Government Efficiency (DOGE) concludes May 30, leaving behind $175 billion in claimed savings but also facing Democratic criticism; President Trump plans to continue working with him.

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What are the major criticisms of Elon Musk's role in the DOGE initiative, and how have these criticisms impacted public and market perception?

Musk's DOGE initiative, while credited with significant cost savings, faced criticism from Democrats in Congress who questioned his authority and influence. The initiative's future will depend on the continued commitment of President Trump and his cabinet. Market reaction to Musk's departure suggests positive sentiment towards Tesla and SpaceX.

mk.ru

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May 30, 13:14

Musk Resigns from US Government Role Amidst Sharp Decline in Tesla's European Sales

Elon Musk resigned from his US government advisory role, coinciding with a more than 50 percent drop in Tesla's European electric vehicle sales in April 2025, attributed to his controversial political activities and subsequent boycotts.

Musk Resigns from US Government Role Amidst Sharp Decline in Tesla's European Sales

Elon Musk resigned from his US government advisory role, coinciding with a more than 50 percent drop in Tesla's European electric vehicle sales in April 2025, attributed to his controversial political activities and subsequent boycotts.

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How did Elon Musk's political activities contribute to the drop in Tesla's sales in Europe?

Musk's departure from his government role follows a significant decline in Tesla's European electric vehicle sales, dropping over 50 percent in April 2025. This downturn is linked to his controversial political activities, including support for right-wing parties and a perceived alignment with controversial political figures, leading to boycotts in several European countries.

nos.nl

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May 29, 10:13

Musk Resigns from US Advisory Role After Criticizing Trump, DOGE Cuts Leave Impact Unclear

Elon Musk ended his 130-day term as a US government advisor and head of DOGE, a cost-cutting board, after criticizing President Trump's policies. DOGE's actions resulted in approximately 230,000 federal job cuts and the suspension of programs like a UN HIV/AIDS initiative, claiming $140 billion in s...

Musk Resigns from US Advisory Role After Criticizing Trump, DOGE Cuts Leave Impact Unclear

Elon Musk ended his 130-day term as a US government advisor and head of DOGE, a cost-cutting board, after criticizing President Trump's policies. DOGE's actions resulted in approximately 230,000 federal job cuts and the suspension of programs like a UN HIV/AIDS initiative, claiming $140 billion in s...

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How did Elon Musk's criticism of President Trump's policies influence his decision to step down from his advisory role?

Musk's resignation coincides with a significant reduction in federal employees (over 230,000) and the halting of various government programs, including international HIV/AIDS initiatives, due to DOGE's cost-cutting measures. The claimed savings of $140 billion by DOGE contrast with the initial $1 trillion goal, and its calculation method remains unclear. This situation highlights challenges in implementing large-scale government budget cuts.

Showing 181 to 192 of 645 results