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Musk Claims Tesla Stock Suffers Due to His Role in Trump’s Government Efficiency Department

Elon Musk believes his involvement with the Trump administration negatively impacts Tesla's stock performance. At a Wisconsin town hall, Musk stated that his position in the Department of Government Efficiency (DOGE), which advocates for significant government workforce reductions, is generating backlash against Tesla and affecting its stock value. "What they're trying to do is put massive pressure on me and Tesla, I guess, to… stop doing this," Musk said, according to Bloomberg News. "My Tesla stock and the stock of everyone who holds Tesla has gone roughly in half. I mean, it's a big deal." The declining stock isn't the only indicator of public discontent with Musk's political activities. Protesters gathered at Tesla dealerships over the weekend, and there have been reports of vandalism targeting vehicles and dealerships nationwide. Musk's political engagement extends beyond DOGE. He campaigned with Trump during […]

Peter Atitebi March 31, 2025

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News

Trump Schedules Third Cabinet Meeting with Musk Expected to Attend

President Donald Trump will convene his Cabinet secretaries for a third known meeting Monday morning, with Elon Musk expected to participate, according to a senior administration official. The official described the 11 a.m. gathering as a "follow up on the last DOGE meeting," referring to a March 6 meeting where Trump established boundaries on the billionaire's authority following criticism of new cuts by the Department of Government Efficiency. Trump indicated on Truth Social that follow-up meetings would occur every two weeks, with Monday's meeting roughly matching that schedule. This meeting comes as Trump's administration confronts legal challenges regarding immigration and prepares to announce new tariffs — while Musk continues to attract scrutiny over his role. On Friday, Trump rejected a report that Musk would receive a briefing on U.S. military plans for a potential China conflict during a Pentagon visit, […]

Peter Atitebi March 24, 2025

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News

Trump Forces Amtrak CEO’s Sudden Exit as Musk Eyes Railway Privatization

Amtrak CEO Stephen Gardner resigned immediately after more than four years leading the national passenger railroad, following pressure from the White House administration. Sources indicate the decision came at President Trump's request. Gardner stated he was stepping down to "ensure that Amtrak continues to enjoy the full faith and confidence of this administration." Transportation Secretary Sean Duffy emphasized the need to address safety and security concerns at Washington's Union Station, particularly regarding homelessness and crime affecting commuter safety. Meanwhile, presidential advisor Elon Musk has suggested privatizing the railroad. Despite previous attempts to reduce federal funding, Congress recently approved $2.42 billion for Amtrak through September 2024. The railroad has shown strong performance, with ridership exceeding pre-pandemic levels and reaching 32.8 million customer trips in 2023, a 15% increase. Passenger revenue grew 9% to $2.5 billion, while operating losses decreased 9% to […]

Peter Atitebi March 20, 2025

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Finance

Analysis Shows Trump’s Budget Proposals Would Increase Federal Deficit Despite Reduction Claims

President Donald Trump and his advisor Elon Musk have recently emphasized their commitment to achieving a balanced federal budget, with both making public statements supporting this goal on their respective social media platforms. However, financial analysis indicates their proposed policies would likely increase the federal deficit. According to the nonpartisan Committee for a Responsible Federal Budget (CRFB), Trump's proposed tax cuts - including extensions of his 2017 tax law and eliminations of taxes on tips, overtime pay, and Social Security benefits - would add between $5 trillion and $11 trillion to the deficit over 10 years. The administration's cost-cutting focuses primarily on specific areas like foreign aid and the Department of Education. Foreign aid currently represents 1.2% of the federal budget ($71.9 billion last year), while education spending accounts for approximately 3%. The House recently approved a budget featuring $4.5 […]

Peter Atitebi February 19, 2025

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Science

Private Companies Launch Dual Moon Missions via SpaceX

SpaceX's Falcon 9 rocket launched from Florida's Kennedy Space Center on Wednesday at 06:09 GMT, carrying lunar landers from two private companies - US-based Firefly Aerospace and Japanese firm ispace. The mission marks another step in commercial space exploration, with both landers set to conduct separate lunar missions after reaching Moon orbit. Firefly's Blue Ghost lander is expected to complete its journey in approximately 45 days, focusing on drilling operations, sample collection, and studying Earth's magnetic field through X-ray imaging. These activities aim to support future lunar missions and enhance understanding of the effects of space weather on Earth. ispace's Resilience lander faces a longer five-month journey to the lunar surface, where it will deploy a rover and attempt to collect regolith, the Moon's loose surface material. The mission, supported by NASA, represents the agency's largest commercial lunar delivery to […]

Peter Atitebi January 15, 2025

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News

Billionaire Musk and UK Minister Clash Over Explosive Grooming Gang Claims

Health Secretary Wes Streeting has responded to Elon Musk's criticism of the UK government's handling of grooming gangs, describing the tech entrepreneur's comments as "misjudged and certainly misinformed." Musk, using his social media platform X, claimed Sir Keir Starmer failed to prosecute gangs involved in systematic grooming and rape of young girls during his tenure as director of public prosecutions. He also suggested safeguarding minister Jess Phillips should face imprisonment for rejecting a Home Office public inquiry into child exploitation in Oldham, advocating for a local inquiry instead. Streeting, speaking at a Carlisle care home, emphasized the government's commitment to implementing Professor Alexis Jay's independent inquiry recommendations. He extended an invitation to Musk to collaborate on addressing these issues, particularly through his social media platform's influence. Conservative figures have distanced themselves from Musk's statements. Alicia Kearns, Conservative spokesperson on safeguarding, […]

Peter Atitebi January 3, 2025

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Politics

BILLIONAIRE CIVIL WAR: Trump Allies Elon Musk and Vivek Ramaswamy Battle MAGA Base Over Immigration!

A debate over skilled worker visas has emerged among supporters of President-elect Donald Trump, highlighting potential divisions within his incoming administration. The controversy began when Vivek Ramaswamy, selected by Trump to reduce government spending, shared his views on the H-1B visa program, which allows U.S. companies to hire skilled foreign workers. In a post on X, Ramaswamy suggested that American cultural priorities have led companies to seek foreign talent, stating that a society that "celebrates the prom queen over the math olympiad champ" may struggle to produce top engineers. This perspective drew support from Elon Musk, Trump's chosen co-director for a proposed Department of Government Efficiency. Musk defended the H-1B program, comparing America to a successful sports team seeking top talent. He suggested the program attracts the "top ~0.1%" of engineering talent. However, their stance faced significant opposition from other […]

Peter Atitebi December 28, 2024

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