Tag #Tesla

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bbc.com

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May 29, 10:13

Musk Ends Trump Administration Role Amidst Job Cuts and Tesla Sales Decline

Elon Musk's temporary role as a special government employee ended after three months, coinciding with criticism of a new tax plan and a significant drop in Tesla's sales, following the elimination of roughly 260,000 federal jobs due to cost-cutting measures.

Musk Ends Trump Administration Role Amidst Job Cuts and Tesla Sales Decline

Elon Musk's temporary role as a special government employee ended after three months, coinciding with criticism of a new tax plan and a significant drop in Tesla's sales, following the elimination of roughly 260,000 federal jobs due to cost-cutting measures.

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How did Musk's departure coincide with broader economic and political trends?

Musk's departure, while expected given his temporary role and recent public criticism of Trump's policies, comes after significant job losses within the federal government due to the administration's efficiency drive. Approximately 260,000 federal employees lost their jobs or accepted buyouts, though some were reinstated by court order. This occurred alongside a substantial drop in Tesla's sales and stock price, raising concerns about the impact of political changes on the company.

dw.com

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May 29, 13:12

Musk Ends US Government Advisory Role After 130 Days

Elon Musk's 130-day term as a special advisor to the US government ended in late May, as planned. Despite claims of $160 billion in savings through the DOGE initiative, critics question the accuracy of these figures. Musk will maintain limited government involvement while prioritizing his businesses...

Musk Ends US Government Advisory Role After 130 Days

Elon Musk's 130-day term as a special advisor to the US government ended in late May, as planned. Despite claims of $160 billion in savings through the DOGE initiative, critics question the accuracy of these figures. Musk will maintain limited government involvement while prioritizing his businesses...

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What is the significance of Elon Musk's departure from his government advisory role, and what are the immediate consequences?

Elon Musk's 130-day term as a special advisor to the US government, focused on reducing government spending, has ended as planned. He expressed gratitude to President Trump for the opportunity, citing cost savings. Musk will maintain limited involvement, working one or two days a week if requested by President Trump.

nrc.nl

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May 29, 16:12

Musk's Failed US Government Efficiency Mission Ends

Elon Musk's 130-day stint as a special advisor to President Trump ended, failing to meet ambitious budget-cutting goals despite securing some benefits for his companies, while causing significant reputational and financial damage to Tesla and potentially impacting the Republican party's funding.

Musk's Failed US Government Efficiency Mission Ends

Elon Musk's 130-day stint as a special advisor to President Trump ended, failing to meet ambitious budget-cutting goals despite securing some benefits for his companies, while causing significant reputational and financial damage to Tesla and potentially impacting the Republican party's funding.

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What are the long-term implications of Musk's political involvement for his companies, the Republican Party, and the US political landscape?

Musk's political foray, while securing benefits for his companies through favorable appointments and regulatory changes, significantly damaged Tesla's sales and reputation. His future political involvement is uncertain, but his reduced financial support could severely impact the Republican party.

theglobeandmail.com

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May 29, 16:12

Musk's Political Exit Boosts Tesla Shares Amid RoboTaxi Push

Tesla shares increased by over 2 percent following Elon Musk's reduced role in the Trump administration, coinciding with Tesla's announcement of successful driverless Model Y testing in Austin, Texas, aiming for a June launch. This follows two years of sales decline and amid investor concerns about ...

Musk's Political Exit Boosts Tesla Shares Amid RoboTaxi Push

Tesla shares increased by over 2 percent following Elon Musk's reduced role in the Trump administration, coinciding with Tesla's announcement of successful driverless Model Y testing in Austin, Texas, aiming for a June launch. This follows two years of sales decline and amid investor concerns about ...

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How has Elon Musk's political activity affected Tesla's sales and investor sentiment?

Musk's decreased political engagement is seen as positive for Tesla, as his previous involvement fueled protests and investor worries. This shift in focus comes as Tesla aims to launch its crucial robotaxi service, a key driver of its valuation, and follows two consecutive years of sales decline.

edition.cnn.com

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May 28, 16:12

Musk's Return to "24/7" Work Amidst Tesla's Crumbling Sales

Facing plummeting sales and multiple setbacks across his companies, Elon Musk has resumed "24/7" work, aiming to address Tesla's 50% drop in European sales and the Cybertruck's poor performance, while simultaneously preparing for an Austin robotaxi launch.

Musk's Return to "24/7" Work Amidst Tesla's Crumbling Sales

Facing plummeting sales and multiple setbacks across his companies, Elon Musk has resumed "24/7" work, aiming to address Tesla's 50% drop in European sales and the Cybertruck's poor performance, while simultaneously preparing for an Austin robotaxi launch.

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What is the immediate impact of Elon Musk's return to "24/7" work on Tesla's struggling performance and how will it affect investor confidence?

Elon Musk has returned to "spending 24/7 at work" after a period of political involvement, amidst significant challenges across his companies. Tesla's sales are plummeting, with European sales down 50% year-over-year for the fourth consecutive month, largely due to consumer rejection of Musk's political stances and competition from cheaper Chinese EVs.

cnn.com

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May 27, 16:11

Tesla's European Sales Plummet 53% Amidst Growing Competition

Tesla's European Union sales fell by 53% in April 2024 compared to the previous year, while the overall EU electric vehicle market grew by 26%, marking the first time BYD outsold Tesla in Europe, highlighting intensifying competition and consumer backlash against Elon Musk.

Tesla's European Sales Plummet 53% Amidst Growing Competition

Tesla's European Union sales fell by 53% in April 2024 compared to the previous year, while the overall EU electric vehicle market grew by 26%, marking the first time BYD outsold Tesla in Europe, highlighting intensifying competition and consumer backlash against Elon Musk.

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What caused Tesla's dramatic sales decline in the EU during April 2024, and what are the immediate consequences?

Tesla's EU sales plummeted 53% in April 2024 compared to April 2023, marking four consecutive months of decline. This contrasts with a 26% rise in overall EU electric vehicle sales during the same period. Chinese competitor BYD narrowly surpassed Tesla in European BEV sales for the first time in April.

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.

lexpress.fr

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May 29, 13:12

Musk Ends Government Role, Criticizes Trump Spending Bill

Elon Musk ended his four-month stint as a special government employee focused on reducing US public spending, citing disappointment with a recently passed spending bill projected to increase the federal deficit by $3.8 trillion over the next decade, marking a shift in his relationship with President...

Musk Ends Government Role, Criticizes Trump Spending Bill

Elon Musk ended his four-month stint as a special government employee focused on reducing US public spending, citing disappointment with a recently passed spending bill projected to increase the federal deficit by $3.8 trillion over the next decade, marking a shift in his relationship with President...

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How did Musk's methods and approach affect his relationships with government officials during his four-month term?

Musk's departure marks a shift in his relationship with President Trump, following public criticism of a large spending bill. This action contrasts with their previously strong alliance, which included Musk's significant financial support for Trump's campaign and Musk's prominent role in policy decisions. The spending bill's passage and Musk's subsequent criticism highlight growing tensions.

dw.com

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May 29, 16:12

Musk Resigns from US Government Advisory Role Amidst Controversy

Elon Musk resigned from his US government advisory role, confirmed by the White House, citing a planned departure and focusing on Tesla. The administration claims ~$160 billion in savings, a figure disputed by critics, while Musk's tenure was marked by conflicts and policy disagreements.

Musk Resigns from US Government Advisory Role Amidst Controversy

Elon Musk resigned from his US government advisory role, confirmed by the White House, citing a planned departure and focusing on Tesla. The administration claims ~$160 billion in savings, a figure disputed by critics, while Musk's tenure was marked by conflicts and policy disagreements.

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What is the immediate impact of Elon Musk's resignation from his US government advisory role?

Elon Musk has ended his work for the US government, a move confirmed by the White House. This was reportedly planned, and Musk thanked President Trump for the opportunity, citing a focus on reducing government spending. Musk's special advisor role had a 130-day term, expiring in May.

dw.com

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May 29, 16:12

Musk Resigns from Trump Administration Amid Budget Dispute and Boycotts

Elon Musk resigned from his informal advisory role in the Trump administration on May 28th due to disappointment with Trump's expansive budget proposal and facing backlash from international boycotts against his companies following his department's job cuts and support for far-right movements.

Musk Resigns from Trump Administration Amid Budget Dispute and Boycotts

Elon Musk resigned from his informal advisory role in the Trump administration on May 28th due to disappointment with Trump's expansive budget proposal and facing backlash from international boycotts against his companies following his department's job cuts and support for far-right movements.

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How did Musk's actions within the Trump administration impact his business interests?

Musk's departure follows months of criticism and pressure. His "Doge" department's actions and support for far-right movements internationally sparked boycotts that significantly impacted Tesla's European sales. His disagreement with Trump's expansive tax-cut budget plan further fueled his decision to leave.

theguardian.com

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May 28, 07:12

Tesla Factory Approved Despite Overwhelming Community Opposition

The City of Marion council approved the sale of land for a Tesla battery-recycling facility despite 95% of public submissions opposing it due to environmental concerns and anti-Elon Musk sentiment; the mayor argued that the site is contaminated and the facility would create 100 jobs.

Tesla Factory Approved Despite Overwhelming Community Opposition

The City of Marion council approved the sale of land for a Tesla battery-recycling facility despite 95% of public submissions opposing it due to environmental concerns and anti-Elon Musk sentiment; the mayor argued that the site is contaminated and the facility would create 100 jobs.

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How did the council balance economic factors with strong community opposition and environmental concerns in reaching its decision?

The council's decision balances strong community opposition against economic benefits, highlighting a conflict between local concerns and broader economic development priorities. While the mayor acknowledged the passionate opposition to Elon Musk, he emphasized the site's contaminated soil and the potential job creation. Compromises included tree replacement and retention of some significant trees.

tr.euronews.com

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May 27, 13:10

BYD Stock Plunges on Price Cuts Amidst Chinese EV Price War

BYD, China's largest electric vehicle maker, experienced an 8.6% share price drop on Monday due to significant price cuts on 22 models, sparking concerns of a price war in the Chinese EV market; however, BYD maintains strong growth, surpassing Tesla in European sales in May and aiming for 5.5 millio...

BYD Stock Plunges on Price Cuts Amidst Chinese EV Price War

BYD, China's largest electric vehicle maker, experienced an 8.6% share price drop on Monday due to significant price cuts on 22 models, sparking concerns of a price war in the Chinese EV market; however, BYD maintains strong growth, surpassing Tesla in European sales in May and aiming for 5.5 millio...

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What is the immediate impact of BYD's price cuts on its share price and the broader Chinese EV market?

BYD, China's largest electric vehicle (EV) maker, saw its shares plummet 8.6% on Monday due to significant price cuts on several models, sparking concerns about a new price war in the Chinese EV market. This decline continued into Tuesday's Asian trading session, with shares falling a further 4% by 5:00 am Hong Kong time. Despite the drop, BYD shares are still up over 50% year-to-date on the Hong Kong Stock Exchange.

Showing 97 to 108 of 547 results