Billionaire Tesla owner Elon Musk accused Reuters of lying after the outlet <a href="https://finance.yahoo.com/news/exclusive-tesla-scraps-low-cost-150726195.html" target="_blank" rel="noopener">reported</a> on Friday that Tesla scrapped its plans to make low-cost electric vehicles and will focus on developing robo-taxis.
Reuters, which cited multiple anonymous sources and “company messages,” wrote that Tesla was abandoning its promise to begin producing cheaper EVs as soon as 2025. After the report was published, Tesla’s stock <a href="https://www.bloomberg.com/news/articles/2024-04-05/tesla-plans-to-cancel-low-cost-ev-reuters-report-says?srnd=all" target="_blank" rel="noopener">dropped</a> by as much as 6.2% before it began to make a small climb back toward where it opened on Friday just shy of $170 per share.
“Reuters is lying (again),” Musk said in reply to a post on his social media platform X.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Reuters is lying (again)
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1776272471324606778?ref_src=twsrc%5Etfw">April 5, 2024</a></blockquote>
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Later, Musk reposted a chart showing the decrease in Reuters&#8217; monthly and yearly website traffic.
“Reuters is dying,” the Tesla owner <a href="https://twitter.com/elonmusk/status/1776275139010904525" target="_blank" rel="noopener">wrote</a>.
Since as far back as 2018, billionaire Tesla owner Elon Musk has <a href="https://www.theverge.com/24054854/tesla-next-generation-vehicle-ev-elon-musk" target="_blank" rel="noopener">said</a> the company would move into making “a $25,000 car,” which has been called the Model 2. In January, the billionaire entrepreneur added that his company was “very far along” in making an affordable car, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-04-05/tesla-plans-to-cancel-low-cost-ev-reuters-report-says?srnd=all" target="_blank" rel="noopener">reported</a>. Currently, Tesla’s cheapest vehicle, the Model 3, retails for nearly $40,000 in the U.S. while other EVs in its lineup can cost up to $150,000.
Reuters wrote that “Two sources said they learned of Tesla&#8217;s decision to scrap the Model 2 in a meeting attended by scores of employees, with one of them saying the gathering happened in late February.”
“Elon’s directive is to go all in on robotaxi,” one person said, according to the outlet.
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Other car companies, such as <a href="https://www.dailywire.com/news/ford-delays-production-of-new-electric-vehicles-by-years-as-consumers-sour-on-evs" target="_blank" rel="noopener">Ford</a> and <a href="https://www.wsj.com/business/autos/general-motors-gm-q3-earnings-report-2023-5064f4c2" target="_blank" rel="noopener">GM</a>, have recently <a href="https://www.dailywire.com/news/ford-to-slash-planned-production-of-its-all-electric-f-150-in-half-citing-changing-market-demand" target="_blank" rel="noopener">scaled back</a> or delayed their plans to produce more EVs as consumer demand has failed to meet expectations while the Biden administration <a href="https://www.dailywire.com/news/watch-buttigieg-mocks-people-who-dont-want-electric-vehicles" target="_blank" rel="noopener">continues to push</a> Americans to move away from gas-powered cars.
After the Reuters report, Musk also responded with the eyes emoji — often used to draw attention to something — under a post that laid out a potential explanation for the story.
“Elon just said Reuters was lying. However, here is my general thinking. Tesla&#8217;s low-cost $25k car and the Robotaxi were always going to be based on the same platform. They were going to be very similar, but the $25k version was going to have a steering wheel,” wrote Sawyer Merritt, a co-founder of an apparel company.
“Maybe Elon and the team have been so impressed with how good FSD 12 has performed and were maybe thinking they should be shifting even more resources to the Robotaxi/FSD effort,” Merritt added. “This doesn&#8217;t mean the $25k car is canceled. Again, they share the same platform.”
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
👀
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1776278140333281332?ref_src=twsrc%5Etfw">April 5, 2024</a></blockquote>
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Elon Musk

‘Reuters Is Lying’: Musk Hits Back At Report Claiming Tesla Is Canceling Plans To Make Low-Cost EVs

'Reuters Is Lying': Musk Hits Back At Report Claiming Tesla Is Canceling Plans To Make Low-Cost EVs

electric vehicles

Reuters

Tesla

U.S.

<a href="https://www.dailywire.com/topic/ford-motor-co" target="_blank" rel="noopener">Ford Motor Co.</a> announced on Thursday that it is delaying the production of two new electric vehicles and that it will instead focus on making more hybrid vehicles as consumer demand for electric vehicles continues to plummet.
The launch of at least two new three-row electric vehicles will be delayed from 2025 to 2027, the company said in a statement.
&#8220;The additional time will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging battery technology,&#8221; the company claimed.
&#8220;In parallel, Ford is expanding its hybrid electric vehicle offerings,&#8221; the company said. &#8220;By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America.&#8221;
The New York Times <a href="https://www.nytimes.com/2024/04/04/business/ford-delays-electric-vehicles.html" target="_blank" rel="noopener">reported</a>:
<blockquote>Ford’s electric vehicle business lost $4.7 billion before interest and taxes in 2023. By contrast, the division that makes gasoline and hybrid vehicles for consumers made a $7.5 billion profit.</blockquote>
“Many companies rushed in too fast with E.V.s that were too expensive and there was not as much of a market for them as they thought,” Sam Abuelsamid, principal analyst for transportation and mobility at the research firm Guidehouse Insights, told the Times. “That’s made it a lot tougher to sell those vehicles.”
Numerous companies have been forced to <a href="https://www.dailywire.com/news/apple-ends-multi-billion-dollar-effort-to-build-electric-cars" target="_blank" rel="noopener">scrap their plans</a> to build electric cars, <a href="https://www.dailywire.com/news/mercedes-scraps-plan-to-only-sell-electric-vehicles" target="_blank" rel="noopener">cancel their plans</a> to go all electric, or in some cases are <a href="https://www.dailywire.com/news/ev-startup-fisker-halts-production-to-raise-emergency-funds-amid-cash-crunch-from-low-demand" target="_blank" rel="noopener">struggling</a> just to stay in business.
Consumers regularly have complained about the high prices of electric vehicles, their quality and reliability, the lack of charging stations, the time it takes to charge them, how inconvenient they can be, and their significantly decreased performance during cold weather conditions.
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Former President Donald Trump has <a href="https://www.dailywire.com/news/trump-campaign-vows-to-reverse-bidens-new-extreme-electric-vehicle-mandate" target="_blank" rel="noopener">vowed</a> to undo President Joe Biden&#8217;s electric vehicle mandate if he is re-elected this fall.
“Joe Biden’s extreme electric vehicle mandate will force Americans to buy ultra-expensive cars they do not want and cannot afford while destroying the U.S. auto industry in the process,” a Trump campaign spokesperson said in a statement. “This radical policy is anti-jobs, anti-consumer, and anti-American. It will destroy the livelihoods of countless U.S. autoworkers while sending the U.S. auto industry to China.”
“President Trump will reverse Joe Biden’s extreme electric vehicle mandate on Day One,” the statement continued. “He will protect the freedom of Americans to drive whichever vehicle they choose, enhance President Trump’s tough tariffs on Chinese-imported cars, and save the U.S. auto industry for generations to come.”
Related: <a href="https://www.dailywire.com/news/watch-buttigieg-mocks-people-who-dont-want-electric-vehicles" target="_blank" rel="noopener">WATCH: Buttigieg Mocks People Who Don’t Want Electric Vehicles</a>

2018 Geneva Motor Show – 2nd Press Day

Ford Delays Production Of New Electric Vehicles By Years As Consumers Sour On EVs

Business

Economy

Electric cars

Ford Motor Co.

Transportation Secretary <a href="https://www.dailywire.com/topic/pete-buttigieg" target="_blank" rel="noopener">Pete Buttigieg</a> mocked Americans this week who do not wish to purchase electric vehicles, comparing them to people who thought in the 2000s that there would only be landline phones.
Buttigieg made the remarks during a Tuesday Fox News interview on &#8220;America&#8217;s Newsroom&#8221; when asked about the struggling electric vehicle market.
&#8220;Tesla sales fell 8.5% the first quarter of this year,&#8221; said co-host John Roberts. &#8220;Ford this week is laying off two thirds of its workforce at the F-150 electric lightning plant. It&#8217;s also scaling back a battery production facility because of sagging sales.&#8221;
&#8220;EV sales are nowhere near what this president wanted or expected, yet the administration continues to shove them down consumers throats,&#8221; he continued. &#8220;Why?&#8221;
Buttigieg claimed that it was &#8220;clear&#8221; that consumers want to purchase EVs as he proceeded to dismiss Tesla&#8217;s slowing numbers.
&#8220;Let&#8217;s be clear that the automotive sector is moving toward EVs, and we can&#8217;t pretend otherwise,&#8221; he claimed. &#8220;Sometimes when these debates happen, I feel like it&#8217;s the early 2000s and I&#8217;m talking to some people who think that we can just have landline phones forever.&#8221;
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WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
WATCH: Pete Buttigieg mocks Americans who don&#39;t want to be forced into buying electric vehicles:
&quot;I feel like it&#39;s the early 2000s and I&#39;m talking to some people who think that we can just have landline phones forever.&quot; <a href="https://t.co/Pz28FEmfVQ">pic.twitter.com/Pz28FEmfVQ</a>
&mdash; Steve Guest (@SteveGuest) <a href="https://twitter.com/SteveGuest/status/1775288540382847396?ref_src=twsrc%5Etfw">April 2, 2024</a></blockquote>
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Republican strategist Matt Whitlock responded to the segment by noting the flaw in Buttigieg&#8217;s argument.
&#8220;This is the problem &#8211; Democrats think EV&#8217;s are to gas-powered cars what cell phones were to landlines,&#8221; Whitlock posted on X. &#8220;In reality, EV&#8217;s are to gas powered cars what Fyre Fest was to music festivals. Sounded cool, had potential, but was built on false promises and artificial market forces.&#8221;
Political commentator Noam Blum posted: &#8220;Ok but you actually had reasons why cellphones were better than landlines. What’s your argument in favor of EVs other than &#8216;they’re newer&#8217;?&#8221;
&#8220;Having a landline costs a fraction of a fraction of a fraction of what an electric vehicle costs on average,&#8221; said Fox News contributor Joe Concha.
&#8220;Otherwise, great analogy from the smartest guy in the administration,&#8221; Concha mocked.

Transportation Secretary Pete Buttigieg Holds News Conference To Discuss Impacts Of A Government Shutdown

WATCH: Buttigieg Mocks People Who Don’t Want Electric Vehicles

Biden Administration

Pete Buttigieg

Tesla was forced to stop production at its assembly plant in Germany this week after a far-left extremist group destroyed a high-voltage pylon that resulted in electricity going down at the plant and the surrounding area.
<a href="https://www.dw.com/en/germany-tesla-gigafactory-hit-by-far-left-sabotage/a-68440976">Deutsche Welle</a>, a German public state-owned international broadcaster, said that the &#8220;Volcano Group&#8221; was responsible for the attack on the power grid.
&#8220;We sabotaged Tesla today,&#8221; the extremist group said in a letter, noting that it specifically targeted &#8220;the electricity supply.&#8221;
Police in Brandenburg said that the terrorist attack cut power to thousands of homes in the surrounding region, impacting approximately 60,000 people. Power was restored to most of the area later in the day but the power remained down at Tesla’s Gigafactory in Grünheide.
Federal Minister of Economics Robert Habeck said: “The attack on the electricity supply is an attack on our critical infrastructure. This must now be clarified and punished quickly. Violence and sabotage must not be a means of conflict.”
Tesla reportedly indicated that production at the plant will not restart quickly following the attack. The automaker has the ability to produce 500,000 vehicles per year, a number that Tesla CEO Elon Musk reportedly wants to double.
&#8220;These are either the dumbest eco-terrorists on Earth or they’re puppets of those who don’t have good environmental goals,&#8221; Musk <a href="https://twitter.com/elonmusk/status/1764998660406845620">said</a> in response to the attacks. &#8220;Stopping production of electric vehicles, rather than fossil fuel vehicles, ist extrem dumm.&#8221;
&#8220;Ist extrem dumm&#8221; is German for &#8220;is extremely dumb.&#8221;
German news media reported that the damage to Tesla will be in the hundreds of millions of dollars.
“We are deeply, deeply shocked by what happened today,” said Tesla representative André Thierig. “Hopefully it will become clear over the course of this week whether we can start again at the beginning of next week.”

Tesla factory – standstill after power failure

Far-Left Extremist Group Attacks Tesla In Germany, Causes Hundreds Of Millions In Damage: Reports

Germany

terrorist

Elon Musk announced Wednesday that he had officially moved SpaceX&#8217;s incorporation from Delaware to Texas — where his electric vehicle company Tesla is headquartered.
Musk announced the decision on Wednesday at the same time as he urged other businesses to get out of Delaware. His decision comes after a judge in Delaware <a href="https://www.reuters.com/legal/judge-rules-favor-plaintiffs-challenging-musks-tesla-pay-package-2024-01-30/#:~:text=The%20pay%20package%20granted%20stock,escalating%20financial%20and%20operational%20goals.">sided</a> with a Tesla shareholder complaint that Musk’s compensation package was unfair.
“SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” Musk said. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
SpaceX has moved its state of incorporation from Delaware to Texas!
If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible. <a href="https://t.co/B7FLByL2dY">pic.twitter.com/B7FLByL2dY</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1757924482885583112?ref_src=twsrc%5Etfw">February 15, 2024</a></blockquote>
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Musk has also proposed incorporating Tesla in Texas, which he has suggested will happen after a shareholder vote. The electric vehicle maker <a href="https://www.nytimes.com/2021/10/07/business/tesla-texas-headquarters.html">relocated</a> its headquarters from California to Austin, Texas, in 2021. 
“Move your company out of Delaware before they lock the doors, as they just did with Tripadvisor,” Musk <a href="https://twitter.com/elonmusk/status/1757099432078639228" target="_blank" rel="noopener">said</a> on January 30 shortly after Delaware judge Kathleen McCormick <a href="https://www.businessinsider.com/elon-musk-tesla-leave-delaware-judge-blocks-pay-deal-2024-1">ruled against</a> his roughly $56 billion compensation package. McCormick said the deal was negotiated in a &#8220;deeply flawed&#8221; manner.
&#8220;In the final analysis, Musk launched a self-driving process, recalibrating the speed and direction along the way as he saw fit,&#8221; McCormick <a href="https://www.businessinsider.com/judge-strikes-down-elon-musk-tesla-compensation-pay-package-2024-1" target="_blank" rel="noopener">said</a>. &#8220;The process arrived at an unfair price. And through this litigation, the plaintiff requests a recall.&#8221;
Tesla could be required to come up with a new compensation package, though Musk is <a href="https://www.cnbc.com/2024/02/13/teslas-board-silent-since-elon-musks-56-billion-pay-package-revoked.html" target="_blank" rel="noopener">expected</a> to appeal. 
In late January, Musk posted a poll on X asking whether Tesla should move its incorporation to Texas. 
“The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk <a href="https://twitter.com/elonmusk/status/1752922071229722990" target="_blank" rel="noopener">said</a> after 87% of respondents to the poll voted in favor of moving.
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Last week, Musk <a href="https://www.reuters.com/business/musks-neuralink-switches-location-incorporation-bloomberg-news-2024-02-09/" target="_blank" rel="noopener">moved</a> incorporation of Neuralink, his neurotechnology company, from Delaware to Nevada. The move came after Neuralink <a href="https://www.dailywire.com/news/elon-musks-neuralink-implants-chip-into-brain-of-first-human-subject" target="_blank" rel="noopener">successfully implanted</a> a brain chip into its first human subject.
The Neuralink brain implant is a “brain-computer interface” technology that seeks to help people with debilitating conditions, such as paralysis, to interact with the world by controlling devices with their thoughts, The Wall Street Journal <a href="https://www.wsj.com/tech/elon-musk-says-neuralink-has-implanted-brain-chip-in-human-127a6f56">reported</a>. Musk, who founded Neuralink along with a team of scientists in 2016, said the first patient received the implant on Sunday and “is recovering well.”
The billionaire entrepreneur has faced a series of investigations into his ventures from the Department of Justice and the SEC after he acquired Twitter in October 2022.

SpaceX And T-Mobile Hold Joint Event In Texas

Elon Musk Moves SpaceX Incorporation From Delaware To Texas, Tells Other Businesses To Leave ‘As Soon As Possible’

Delaware

SpaceX

Texas

Mainstream news organizations mounted attacks against <a href="https://www.dailywire.com/topic/tesla" target="_blank" rel="noopener">Tesla</a> on Wednesday in an apparent attempt to damage Tesla CEO Elon Musk, who also heads several other large companies.
The primary attack centered around a so-called &#8220;recall&#8221; that Tesla had to issue to nearly every vehicle that it has sold in the U.S. since 2012, more than two million overall. The move comes after U.S. regulators have looked into the company&#8217;s Autopilot system and its role in some accidents that have happened across the U.S. over the last several years.
A report from The New York Times was emblematic of the way that the media covered the story as the newspaper <a href="https://www.nytimes.com/2023/12/13/business/tesla-autopilot-recall.html" target="_blank" rel="noopener">claimed</a> that Tesla&#8217;s &#8220;reputation for making technologically advanced cars suffered a blow&#8221; as a result of the recall.
It wasn&#8217;t until deep in the Times&#8217; report that the newspaper informed readers that the &#8220;recall&#8221; was not really a recall in the traditional sense, i.e. customers have to schedule a time to bring their vehicle to a Tesla facility to be serviced.
Instead, the world&#8217;s leading electric car manufacturer is automatically sending out wireless updates to all of its cars through cellular networks that will include updates that will hopefully satisfy regulators, including new warnings and checks to ensure that drivers are paying attention on the road.
Tesla cites data that it says show its Autopilot system, while it may have been involved in some accidents, actually makes its vehicles safer and says that it is &#8220;morally indefensible not to make these systems available to a wider set of consumers, given the incontrovertible data that shows it is saving lives and preventing injury.&#8221;
&#8220;In the 4th quarter of 2022, we recorded one crash for every 4.85 million miles driven in which drivers were using Autopilot technology,&#8221; Tesla <a href="https://twitter.com/Tesla/status/1734374558105293081" target="_blank" rel="noopener">said</a> in a statement. &#8220;For drivers who were not using Autopilot technology, we recorded one crash for every 1.40 million miles driven. By comparison, the most recent data available from NHTSA and FHWA (from 2021) shows that in the United States there was an automobile crash approximately every 652,000 miles.&#8221;
The media&#8217;s attacks against Musk and his companies have increased sharply ever since Twitter, which now goes by X, accepted Musk&#8217;s buyout offer in April 2022. This is in large part due to the fact that many of the narratives that end up driving the news, and thus policy, take shape on the platform. With Musk now in control of the platform, the targeting of mostly conservative accounts on the platform has stopped.
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Another example of the media distorting facts to attack Tesla can be found in an NBC News <a href="https://www.nbcnews.com/tech/tech-news/pedestrians-already-dying-record-levels-now-face-elon-musks-cybertruck-rcna128603" target="_blank" rel="noopener">report</a> that was also published on Wednesday.
The report said that Tesla&#8217;s new cybertruck will be &#8220;deadlier&#8221; than other vehicles because it&#8217;s a &#8220;6,800-pound electric behemoth with sports-car acceleration that experts say will be lethal to pedestrians and occupants of lighter vehicles.&#8221;
The far-left news organization cited &#8220;experts&#8221; to back up the narrative the report was promoting, but key information was excluded from the report, mainly that the Cybertruck is perhaps the lightest weight electric truck to be produced.
Car and Driver lists the current top electric trucks — all of which are fast — that are being delivered to customers as the Rivian R1T, 7,173 pounds; Ford F-150 Lightning, 6,855 pounds; Chevrolet Silverado EV, 8,500 pounds; and the GMC Hummer EV Pickup, 9,640 pounds.
None of that information was included in NBC News&#8217; report.

Telsa EV electric vehicle charging

Media Launches Attacks On Tesla In Apparent Bid To Damage Elon Musk

Media

Twitter

A man was arrested late last week for planning a &#8220;mass casualty event&#8221; at Tesla&#8217;s headquarters in Texas during an event to celebrate the much anticipated release of the electric car company&#8217;s new Cybertruck, according to law enforcement officials.
A SWAT team tracked down and arrested 28-year-old Paul Ryan Overeem at a McDonald’s parking lot and arrested him after he allegedly threatened to attack the event in messages he wrote on social media.
Tesla was notified on November 10 about the messages and they subsequently contacted local law enforcement officials who then began investigating, according to the <a href="https://www.statesman.com/story/news/crime/2023/11/30/police-florida-man-threatened-mass-casualty-event-at-tesla-in-austin/71759521007/">Austin American-Statesman</a>.
Overeem allegedly <a href="https://kutv.com/news/nation-world/florida-man-arrested-in-texas-after-allegedly-threatening-mass-casualty-event-at-tesla-event-paul-ryan-overeem-terroristic-threat-charges-elon-musk-shooting-threats-shivon-zilis-swat-officers-police-investigation">wrote</a> the following messages on Instagram:
<ul>
<li>“I sure am crazy though”</li>
<li>“But yeah so at the Tesla event I’m planning an attach [sic] so up to you guys to stop me”</li>
<li>“I plan on killing people at that even ok November 30th and I would like you to do something about it so I don’t have to”</li>
<li>“I wanna die. My thoughts haven’t been free for over a year. All the electronics around me”</li>
<li>“I need to be stopped”</li>
<li>“If I’m saying I’m gonna kill people then you should take this seriously”</li>
</ul>
When SWAT officers arrested him, he allegedly said that he had weapons in his car and that he was going to commit suicide before he could be arrested. &#8220;I was going to shoot up Elon Musk and the plant,&#8221; he said.
The suspect was charged in Travis County on suspicion of making a terrorist threat, a third-degree felony. He is being held in jail after not posting the $300,000 bond.

Tesla’s Cybertruck On Display At A Showroom

Man Arrested For Planning ‘Mass Casualty Event’ At Cybertruck Event With Elon Musk: Report

President Joe Biden&#8217;s Department of Justice faced backlash this week after a new report revealed that federal prosecutors have launched a criminal investigation into whether Tesla CEO Elon Musk — who is an opponent of the administration — may have received personal benefits from Tesla that the company failed to disclose.
The U.S. Attorney’s Office for the Southern District of New York has convened a federal grand jury as it scrutinizes the alleged personal benefits dating all the way back to 2017.
The Wall Street Journal <a href="https://www.wsj.com/tech/justice-department-probe-scrutinizes-elon-musk-perks-at-tesla-going-back-years-3493e321" target="_blank" rel="noopener">reported</a> that the investigation centers in-part around a secret project inside the company known as “Project 42,” which was an alleged plan to build a home for Musk constructed out of large-format glass panels.
Musk suggested on X — the social media site formerly known as Twitter, which he bought last October — earlier this month that the plan never existed.
&#8220;Just want to reiterate that there is no glass house (metaphors don’t count lol) built, under construction or planned!&#8221; Musk wrote. &#8220;I’m not building any house of any kind anywhere. Period.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Just want to reiterate that there is no glass house (metaphors don’t count lol) built, under construction or planned!
I’m not building any house of any kind anywhere. Period.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1697684290618753320?ref_src=twsrc%5Etfw">September 1, 2023</a></blockquote>
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Despite being the world&#8217;s richest man, Musk does not own a lot of material possessions, having previously <a href="https://www.wsj.com/articles/elon-musk-has-sold-seven-homes-for-nearly-130-million-after-vowing-to-own-no-house-11646927878" target="_blank" rel="noopener">sold</a> all seven of his homes in California for roughly $127.9 million and vowing to &#8220;own no house.&#8221;
Prosecutors are investigating whether Tesla disclosed benefits that they may have given to Musk.
They are also seeking information about &#8220;the driving range of Tesla’s electric vehicles,&#8221; the report added, as they investigate whether the company &#8220;misled consumers and investors about the performance of its advanced driver-assistance system known as Autopilot.&#8221;
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Biden has previously excluded Tesla from White House initiatives for electric vehicles in favor of the unionized Big Three automakers.
“Biden has pointedly ignored Tesla at every turn and falsely stated to the public that GM leads the electric car industry, when in fact Tesla produced over 300,000 electric vehicles last quarter and GM produced 26,” Musk <a href="https://www.cnbc.com/2022/02/22/elon-musk-accuses-biden-of-ignoring-tesla-but-says-he-would-do-the-right-thing-if-invited-to-white-house.html" target="_blank" rel="noopener">told</a> CNBC last year.
Musk has also expressed support for former President Donald Trump amid the former president&#8217;s legal troubles.
News of Biden&#8217;s DOJ investigating Musk and Tesla sparked intense criticism online over concerns that the probe was politically motivated.
Journalist Ian Miles Cheong, who Musk regularly engages with online, posted on X: &#8220;The DOJ is broadening the scope of its criminal investigation into Elon Musk. Tell me how this isn&#8217;t a politically-driven effort by the Biden administration to go after Musk, who is one of the administration&#8217;s loudest and most influential critics.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
The DOJ is broadening the scope of its criminal investigation into Elon Musk. Tell me how this isn&#39;t a politically-driven effort by the Biden administration to go after Musk, who is one of the administration&#39;s loudest and most influential critics. <a href="https://t.co/aDme1akX9P">pic.twitter.com/aDme1akX9P</a>
&mdash; Ian Miles Cheong (@stillgray) <a href="https://twitter.com/stillgray/status/1704245733829046601?ref_src=twsrc%5Etfw">September 19, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
John R. Lott Jr., President of the Crime Prevention Research Center, responded to the story: &#8220;Is there any question Biden is going after⁦ @elonmusk ⁩for purely political reasons?&#8221;
Stephen Miller, former Senior Advisor to former President Donald Trump and Founder of America First Legal, called the investigation: &#8220;pure political targeting by DOJ.&#8221;
&#8220;Ruthless, vindictive, vicious weaponization,&#8221; Miller wrote on X. &#8220;All that stands between Americans and unrestrained federal tyranny is the House of Representatives. Pray they rise to the moment. God help us if they don’t.&#8221;

Tech CEOs Attend Sen. Schumer’s Senate AI Forum

Biden’s DOJ Slammed For Criminal Probe Into Elon Musk Over Alleged Benefits: ‘Pure Political Targeting’

Department of Justice

Joe Biden

Twitter owner <a href="https://www.dailywire.com/topic/elon-musk" target="_blank" rel="noopener">Elon Musk</a> doubled down on supporting free speech during an interview this week, saying that he will say whatever he wants to say and he is fine if he loses money over it.
Musk made the remarks during a CNBC interview with David Faber when Faber asked him about the following tweet: &#8220;Soros reminds me of Magneto.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Soros reminds me of Magneto
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1658291808592629761?ref_src=twsrc%5Etfw">May 16, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Musk doubled down on his comment Wednesday afternoon, writing: &#8220;I’d like apologize for this post. It was really unfair to Magneto.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
It was really unfair to Magneto
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1658907746408833033?ref_src=twsrc%5Etfw">May 17, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;You also said, you said he wants to rule the very fabric of civilization and Soros hates humanity,&#8221; Faber said.
&#8220;Yeah, I think that’s true, that’s my opinion,&#8221; Musk responded.
&#8220;Okay, but why share it?&#8221; Faber asked. &#8220;Why share it especially, I mean, why share it when people who buy Teslas may not agree with you, advertisers on Twitter may not agree with you. Why not just say, hey, I think this. You can tell me, we can talk about it over there. And you can tell your friends, but why share it widely?&#8221;
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&#8220;I mean, there’s freedom of speech. I’m allowed to say what I want to,&#8221; Musk responded, later adding: &#8220;I’ll say what I want to say and if the consequence of that is losing money, so be it.&#8221;
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
“I’ll say what I want to say. If the consequence is losing money then so be it.” — Elon Musk on why he isn’t afraid of speaking his mind, even in the face of threats and retaliation. <a href="https://t.co/2dj2XuHcDk">pic.twitter.com/2dj2XuHcDk</a>
&mdash; Ian Miles Cheong (@stillgray) <a href="https://twitter.com/stillgray/status/1658612373421453312?ref_src=twsrc%5Etfw">May 16, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
TRANSCRIPT:
<blockquote>DAVID FABER: But how do you make a choice? You don’t see, I mean, in terms of when you’re going to engage. I mean, for example, even today, Elon, you tweeted this thing about George Soros. I’m looking for it because I want to make sure I quote it properly. But I mean, you know what you wrote but you basically—
ELON MUSK: I said he reminds me of Magneto. This is like, you know, calm down people. Let’s not like make a metaphorical case out of it.
FABER: You also said, you said he wants to rule the very fabric of civilization and Soros hates humanity. Like when you do something like that, the—
MUSK: Yeah, I think that’s true, that’s my opinion.
FABER: Okay, but why share it? Why share it especially, I mean, why share it when people who buy Teslas may not agree with you, advertisers on Twitter may not agree with you. Why not just say, hey, I think this. You can tell me, we can talk about it over there. And you can tell your friends, but why share it widely?
MUSK: I mean, there’s freedom of speech. I’m allowed to say what I want to—
FABER: You absolutely are, but I’m trying to understand why you do because you have to know it’s gotta there, it puts you in a, in the middle of the partisan divide in the country. It makes you a lightning rod for criticism. I mean, do you like that? You know, people today saying he’s an anti-Semite. I don’t think you are.
MUSK: No, I’m definitely not. I’m like, I’m like a pro-semite, if anything.
FABER: I believe that probably is the case.
MUSK: Yes.
FABER: But why would you even introduce the idea then that would be the case.
MUSK: I mean, it looks [like] we want to make this a George Soros interview.
FABER: No, god, no, I don’t want to at all. But what I’m trying, it even came up though in the annual meeting, I mean, you know, do your tweets hurt the company? Are there Tesla owners who say, I don’t agree with his political position because and I know it because he shares so much of it. Or are there advertisers on Twitter that Linda Yaccarino will come and say, you got to stop man or, you know, I can’t get these ads because of some of the things you tweet.
MUSK: You know, I’m reminded of a scene in “The Princess Bride.” Great movie.
FABER: Great movie.
MUSK: Where he confronts the person who killed his father. And he says, “Offer me money. Offer me power. I don’t care.”
FABER: So, you just don’t care. You want to share what you have to say?
MUSK: I’ll say what I want to say, and if the consequence of that is losing money, so be it.</blockquote>

FRANCE-POLITICS-ECONOMY

Musk Doubles Down On George Soros Remark: ‘I’ll Say What I Want To Say’ And If I Lose Money, ‘So Be It’

Big Tech

George Soros

Twitter owner Elon Musk slammed a subpoena from the U.S. Virgin Islands on Monday that is demanding that he turn over alleged documents that the government apparently wants to use in its lawsuit accusing JPMorgan Chase of financially benefiting from Jeffrey Epstein&#8217;s sex trafficking operation.
The subpoena requested communications between Musk and JPMorgan regarding Epstein and any information on whether Epstein played any role in any of Musk&#8217;s companies, CNN <a href="https://www.cnn.com/2023/05/15/business/elon-musk-jeffrey-epstein-virgin-islands-subpoena/index.html" target="_blank" rel="noopener">reported</a>. It also requested any documents regarding fees paid to Epstein or JPMorgan, or any documents regarding Epstein’s sex trafficking ring. Musk is not being implicated in any wrongdoing, according to the outlet.
The only reported contact that Musk ever had with Epstein happened in 2019, according to a <a href="https://www.vanityfair.com/news/2019/07/jeffrey-epstein-case-grows-more-grotesque" target="_blank" rel="noopener">statement</a> from that year that Musk gave to Vanity Fair.
“I don’t recall introducing Epstein to anyone, as I don’t know the guy well enough to do so, Epstein is obviously a creep,&#8221; Musk said in-part. &#8220;Several years ago, I was at his house in Manhattan for about 30 minutes in the middle of the afternoon with [ex-wife] Talulah [Riley], as she was curious about meeting this strange person for a novel she was writing. We did not see anything inappropriate at all, apart from weird art. He tried repeatedly to get me to visit his island. I declined.”
The Virgin Islands reportedly had difficulty finding Musk to deliver him the subpoena, according to a filing with the United States District Court for the Southern District of New York.
“The Government contacted Mr. Musk’s counsel via email to ask if he would be authorized to accept service on Mr. Musk’s behalf in this matter but did not receive a response confirming or denying his authority,” the filing said.
Musk mocked the news on Twitter, writing: &#8220;This is idiotic on so many levels: 1. That cretin never advised me on anything whatsoever. 2. The notion that I would need or listen to financial advice from a dumb crook is absurd. 3. JPM let Tesla down ten years ago, despite having Tesla’s global commercial banking business, which we then withdrew. I have never forgiven them.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
This is idiotic on so many levels:
1. That cretin never advised me on anything whatsoever. 
2. The notion that I would need or listen to financial advice from a dumb crook is absurd.
3. JPM let Tesla down ten years ago, despite having Tesla’s global commercial banking…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1658288584468881408?ref_src=twsrc%5Etfw">May 16, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

FRANCE-US-POLITICS-ECONOMY

U.S. Virgin Islands Subpoenas Elon Musk For Docs In Its Lawsuit Against JPMorgan Chase In Epstein Case: Report

Courts

Jeffrey Epstein

JP Morgan

<a href="http://dailywire.com/topic/tesla" target="_blank" rel="noopener">Tesla</a> said it will build an additional plant in Shanghai, <a href="http://dailywire.com/topic/china" target="_blank" rel="noopener">China</a>, to meet worldwide demand for large batteries even after the communist nation’s manufacturing <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">sector</a> took several blows as a result of aggressive government <a href="http://dailywire.com/topic/lockdowns" target="_blank" rel="noopener">lockdowns</a>.
The electric automaker <a href="https://twitter.com/Tesla/status/1645115732760436739?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1645116142791393283%7Ctwgr%5Ef77c0341644afcb21e8a8f5078587f5db1730165%7Ctwcon%5Es3_&amp;ref_url=https%3A%2F%2Fwww.cnbc.com%2F2023%2F04%2F09%2Ftesla-to-open-a-new-megafactory-in-shanghai-china-company-says.html" target="_blank" rel="noopener">revealed</a> on Sunday that the new Megafactory in Shanghai will be capable of annually producing 10,000 powerful utility-scale energy <a href="https://www.tesla.com/en_eu/megapack" target="_blank" rel="noopener">storage</a> batteries, which the firm calls Megapacks. Each unit can store three megawatt-hours of energy capable of powering 3,600 homes for one hour in the event of an outage.
Tesla CEO Elon Musk <a href="https://twitter.com/elonmusk/status/1645116142791393283?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1645116142791393283%7Ctwgr%5Ef77c0341644afcb21e8a8f5078587f5db1730165%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cnbc.com%2F2023%2F04%2F09%2Ftesla-to-open-a-new-megafactory-in-shanghai-china-company-says.html" target="_blank" rel="noopener">announced</a> on social media that the Megafactory will “supplement output” from a similar facility in Lathrop, California, which can likewise produce 10,000 units per year, equal to 40 gigawatt-hours of energy <a href="https://www.tesla.com/megafactory" target="_blank" rel="noopener">storage</a> capacity. Musk visited Shanghai over the weekend, meeting with local officials and possibly visiting the company’s existing vehicle assembly plant in the city, according to a <a href="https://www.bloomberg.com/news/articles/2023-04-08/musk-to-visit-china-this-weekend-with-possible-tesla-plant-stop" target="_blank" rel="noopener">report</a> from Bloomberg.
The expansion into China occurs after the nation’s manufacturing sector experienced severe disruption amid harsh government lockdowns and public health measures, the impacts of which were felt across the globe through supply chain disruptions and worsened inflation. American manufacturing orders from China had plummeted as much as 40% at the end of last year, according to <a href="https://www.cnbc.com/2022/12/04/manufacturing-orders-from-china-down-40percent-in-demand-collapse.html" target="_blank" rel="noopener">data</a> from the CNBC Supply Chain Heat Map.
Prominent American companies moved their operations to rising manufacturing economies in response to the lockdowns, which shuttered Shanghai and other prominent cities for months with little warning. Apple <a href="https://www.dailywire.com/news/apple-shifts-ipad-manufacturing-away-from-china-due-to-harsh-covid-lockdowns" target="_blank" rel="noopener">moved</a> some iPad production out of Shanghai last summer, while anti-lockdown protests at the world’s largest iPhone manufacturing facility in Zhengzhou prompted the company to <a href="https://www.dailywire.com/news/chinese-manufacturing-is-quickly-collapsing" target="_blank" rel="noopener">accelerate</a> production shifts to nations such as India and Vietnam.
Musk emerged as a leading critic of lockdown orders despite his willingness to expand operations in China. The world’s richest man grew increasingly <a href="https://www.dailywire.com/news/elon-musk-says-tesla-moving-headquarters-from-california-to-texas" target="_blank" rel="noopener">frustrated</a> as lockdowns in California prevented the reopening of Tesla facilities during the spring of 2020, calling the phenomenon “the final straw” and moving the automaker’s corporate headquarters to Texas.
The gross domestic product of China has increased at an average 9% annual rate since the country opened and reformed its economy more than four decades ago, according to <a href="https://www.worldbank.org/en/country/china/overview" target="_blank" rel="noopener">data</a> from the World Bank, enabling more than 800 million residents to escape poverty. Higher levels of prosperity and an increasingly sophisticated economy, on the other hand, has caused a rapid surge in Chinese wages such that American firms are increasingly likely to keep their operations in the United States, Canada, or Mexico, according to <a href="https://ins-globalconsulting.com/news-post/labor-cost-china/" target="_blank" rel="noopener">data</a> from consulting firm INS Global.
Geopolitical tensions surrounding the possible Chinese <a href="https://www.dailywire.com/news/china-simulates-precision-strikes-on-key-targets-in-taiwan-after-presidents-u-s-visit" target="_blank" rel="noopener">invasion</a> of Taiwan and suspected <a href="https://www.dailywire.com/news/defense-officials-worry-about-new-chinese-espionage-threat-report-says" target="_blank" rel="noopener">espionage</a> from Chinese technology firms have also contributed to worsened trade relations with the United States. Senior officials in the Biden administration are moving to <a href="https://www.dailywire.com/news/white-house-refining-executive-order-banning-american-companies-from-investing-in-key-chinese-sectors" target="_blank" rel="noopener">prohibit</a> American companies from investing in Chinese firms involved with developing sensitive technologies such as advanced semiconductors, quantum computing, and artificial intelligence.
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Tesla, which reported the <a href="https://www.dailywire.com/news/tesla-posts-highest-profits-ever-despite-concerns-about-musks-twitter-purchase-causing-brand-risk" target="_blank" rel="noopener">highest</a> quarterly revenues seen in company history last year despite controversy over Musk’s recent acquisition of social media platform Twitter, has also continued to expand operations throughout the United States. The firm unveiled <a href="https://www.dailywire.com/news/an-incredible-investment-tesla-announces-two-new-factories-3-6-billion-investment-in-nevada" target="_blank" rel="noopener">intentions</a> to construct two new factories in Nevada that will increase manufacturing capacity for battery cells and <a href="https://www.dailywire.com/news/musk-appears-with-newsom-to-announce-new-tesla-hq-in-california" target="_blank" rel="noopener">opened</a> a new hub for technology employees in California.

Elon Musk Shareholder Lawsuit Trial Continues In San Francisco

Tesla To Build New Battery Factory In Shanghai After Musk Visit

Tesla To Build New Factory In Shanghai

China

General

<a href="http://dailywire.com/topic/elon-musk" target="_blank" rel="noopener">Elon Musk</a> is once again the world’s richest man after shares of electric automaker <a href="http://dailywire.com/topic/tesla" target="_blank" rel="noopener">Tesla</a> surged over the past two months.
The entrepreneur regained the distinction from French businessman Bernard Arnault, the chief executive of the company which owns the Louis Vuitton and Hennessy luxury brands, according to the latest <a href="https://www.bloomberg.com/billionaires/" target="_blank" rel="noopener">data</a> from the Bloomberg Billionaires Index. Musk now has an estimated fortune of $187 billion, an increase of more than $50 billion from the beginning of the year.
The rapid increase in Musk’s net worth was attributable to the soaring stock value of Tesla, in which Musk was an early investor and over which he is the current chief executive, from $108.10 on the first trading day of the year to $210.04 as of Tuesday morning, constituting a 94% increase in less than two months.
Arnault is meanwhile worth $185 billion; he is followed by Amazon founder Jeff Bezos, who is worth $117 billion, and Microsoft co-founder Bill Gates, who is worth $114 billion.
Musk, an American citizen who hails from South Africa, entered the year with a net worth of $137 billion after he became the first person in history to lose $200 billion from his fortune, according to a <a href="https://www.bloomberg.com/news/articles/2023-02-27/elon-musk-is-world-s-richest-person-again-after-100-tesla-stock-surge?utm_campaign=socialflow-organic&amp;utm_content=billionaires&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-billionaires#xj4y7vzkg" target="_blank" rel="noopener">report</a> from Bloomberg. He finalized the acquisition of Twitter last year in a $44 billion transaction that some analysts deemed an overvaluation of the social media company.
Some Tesla investors were concerned that the Twitter acquisition would distract Musk from his duties at the automotive firm. The company nevertheless posted <a href="https://www.dailywire.com/news/tesla-posts-highest-profits-ever-despite-concerns-about-musks-twitter-purchase-causing-brand-risk" target="_blank" rel="noopener">record</a> financial performance in the fourth quarter of 2022. “We achieved the highest-ever quarterly revenue, operating income and net income in our history,” the company said in an <a href="https://tesla-cdn.thron.com/static/GZR0GS_TSLA_Q4_2022_Update_PVPJAG.pdf?xseo=&amp;response-content-disposition=inline%3Bfilename%3D%22b7871185-dd6a-4d79-9c3b-19b497227f2a.pdf%22" target="_blank" rel="noopener">earnings report</a>. “As we progress into 2023, we know that there are questions about the near-term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates. The Tesla team is used to challenges, given the culture required to get the company to where it is today.”
Tesla meanwhile continues to expand its physical footprint throughout the United States and the world: executives unveiled <a href="https://www.dailywire.com/news/an-incredible-investment-tesla-announces-two-new-factories-3-6-billion-investment-in-nevada" target="_blank" rel="noopener">intentions</a> to construct two new factories in Nevada that will increase manufacturing capacity for battery cells, while Musk has participated in talks with officials in the Mexican government to construct new factories in the Latin American nation.
Other investors worried that the acquisition, as well as Musk’s reputation as a self-proclaimed free speech <a href="https://www.dailywire.com/news/extremely-messed-up-elon-musk-blasts-activist-groups-for-pushing-advertisers-to-ditch-twitter-destroy-free-speech-in-america" target="_blank" rel="noopener">absolutist</a> and frequent <a href="https://www.dailywire.com/news/musk-rebukes-white-house-over-plans-to-choose-new-federal-reserve-vice-chair-with-diversity-in-mind" target="_blank" rel="noopener">critic</a> of the Biden administration, would alienate Tesla from its liberal consumer base. Net favorability for Tesla among Democrats decreased 20.3% between October and November, the time frame of the acquisition, according to a <a href="https://morningconsult.com/2022/11/17/elon-musks-politically-polarizing-effect/" target="_blank" rel="noopener">survey</a> from Morning Consult, while net favorability among Republicans rose 3.9% over the same period.
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One analyst <a href="https://app.saytechnologies.com/tesla-2022-q4" target="_blank" rel="noopener">asked</a> during an earnings call whether brand damage from the acquisition has impacted demand for Tesla vehicles. Musk responded by checking his Twitter account and noting that he now has 127 million followers, claiming he is “reasonably popular” apart from “a few people” complaining. “I think Twitter is actually an incredibly powerful tool for driving demand for Tesla,” he asserted. “And I would really encourage companies out there of all kinds, automotive or otherwise, to make more use of Twitter and to use their Twitter accounts.”

The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” – Street Sightings

Musk Reclaims Title Of World’s Richest Man

Musk Is Once Again The World's Richest Man

Money

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