Elon Musk trashes Trump's big tax bill
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Musk's reaction surprised market participants, especially considering he had reportedly invested nearly $300 million
Last week, a social media post from Elon Musk caused many people to stop what they were doing and look down at their phones. Even for the Tesla (TSLA) CEO, known for his controversial and bold opinions,
The world's richest man navigates a treacherous period, marked by an insult-filled public feud with Donald Trump, a figure he significantly helped return to the White House.
Elon Musk, Peter Thiel and David Sacks eagerly pursued political influence, and when President Donald Trump took power for the second time, their stars ascended.
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Plus, ICE removes a top TikToker, Steve Bannon is back on Spotify, and the University of Michigan backtracks on student surveillance.
President Donald Trump is spiraling into paranoia after Elon Musk turned Vice President JD Vance into an existential threat to his power, author Michael Wolff said on the Daily Beast Podcast. During their explosive spat last week, Musk called for Trump’s impeachment and urged that Vance take his place.
Steve Bannon, who called for Elon Musk to be deported, said the billionaire should be investigated by a special counsel.
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At least 38 DOGE members work, or have worked, for one of Elon Musk’s companies. Meanwhile, nearly two dozen DOGE officials are making cuts to the same federal agencies that regulate the industries that employed them.
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Steve Bannon, the influential Trump adviser who has long been critical of Musk, crowed that the tech billionaire’s attacks on Trump were so personal that he won’t be forgiven by the MAGA crowd. “Only the fanboys are going to stick with him—he’s a man without a country,” Bannon told us.
The decision whether to award Elon Musk’s Starlink an operating license in South Africa will ultimately rest with the country’s industry regulator, a government minister said.
Homeland Security and the Justice Department kept tabs on foreign nationals visiting the billionaire’s properties in 2022 and 2023, reflecting concerns about influence.