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38 posts27 participants15 posts today
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Pentagon Set Up Briefing for Musk on Potential War With China

The access would be a major expansion of Elon Musk’s govt role & highlight his conflicts of interest.
nytimes.com/2025/03/20/us/poli

"Musk’s #conflicts of interest... continuing to run businesses that are major #government contractors... #Musk... chief executive of both #SpaceX & #Tesla, is a leading supplier to the #Pentagon & has extensive financial interests in #China."

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Elon Musk’s extensive ties to China, explained

His business empire needs the Chinese #government — and that could warp #American policy.
vox.com/world-politics/404621/

"China is vital to Musk’s car company #Tesla...

As the #US & #China appear to be hurtling headlong into a #trade war... Musk’s ties to China — and the potential leverage they could offer #Beijing in future negotiations — are getting more notice in both countries."

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Tesla confirms it can’t sell the Cybertruck even with tax credit and discounts
electrek.co/2025/03/20/tesla-c

"If deliveries are dropping even with those new incentives, it’s a clear sign that the #Cybertruck program is in distress...

#Tesla set up production at Gigafactory #Texas to be capable of 250,000 units per year... and it is now having issues selling the truck at a rate of 40,000 units per year."

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Elon Musk’s X raises $1bn in new equity fundraising round

#SocialMedia group is valued at $44bn, matching the price the billionaire paid in 2022
ft.com/content/d61eed58-65ef-4

"The fundraising, which values X at $44bn incl #debt, comes as #Musk has forged close ties to #DonaldTrump...

Shares in #Tesla, the electric automaker co-founded by Musk, have tumbled recently as some consumers have shunned the brand, but parts of his private empire have been boosted."

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$1.4bn is a lot to fall through the cracks, even for Tesla
archive.is/uLXoy#selection-327

"attention is returning to the group’s underlying numbers, now that its fully diluted #StockMarket valuation has crashed from $1.7tn to below $800bn.

Such anomalies can be red flags, potentially indicative of weak internal controls. Aggressive classification of operating expenses as investment can be used to artificially boost reported profits."

#Musk#Tesla#Fraud
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Tesla (TSLA) accounting raises red flags as report shows $1.4 billion missing
electrek.co/2025/03/19/tesla-t

"Many #Tesla shorts and detractors have questioned Tesla’s #accounting for years...

Today, the #FinancialTimes has released a new report pointing to a $1.4 billion gap in assets...

The report also points to other red flags...

but with #Trump and #Musk kneecapping the #SEC, repercussions are unlikely."

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Tesla Recalls Every Single Cybertruck Over Stainless Steel Trims Falling Off

151 Cybertruck owners filed warranty claims after noticing the roof trim panel above the windows was coming loose
carscoops.com/2025/03/tesla-re

"If there’s one thing #Cybertruck owners can rely on these days, it’s trim pieces falling off and obscene hand gestures from fellow drivers."

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The Tesla Backlash Is Biblical
youtube.com/watch?v=k9kmK0St9J

“In the past 3 months something of a car crash happened. #Tesla stock almost inexplicably dropped 50% since December 12th. Fifty percent in 3 months! Below where it was before the #election. Now this number is hard to wrap your head around, but Tesla's #market cap loss its valuation lost in this short period is equivalent to $800 billion."

It should be noted that with the exception of inappropriate uses - see my previous toot - the only evidence I have seen so far of AI playing a role in business & society is the number of people, companies & organizations offering courses in the role of AI in business & society...

#AI#tech#business

The EU defied U.S. threats of retaliation Wednesday by accusing Google of violating its digital rules — which could trigger hefty fines — and ordering Apple to make its iPhone interact better with rivals' devices. japantimes.co.jp/business/2025 #business #tech #eu #google #apple #us #donaldtrump

The Japan Times · EU skewers Google and Apple over tech rules — despite Trump threatsBy Raziye Akkoc
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Amtrak CEO steps down as Musk insists ‘sad’ rail service needs to be privatized
independent.co.uk/news/world/a

"Amtrak, also known as the National #Railroad Passenger Corporation, is the national passenger #rail service for the #US It is nationally chartered, meaning the federal #government is the majority stockholder...

#Musk called for Amtrak to be privatized, alongside the US Postal Service, earlier this month."