Tag: tesla
Elon Musk

How Trump Exploited Clever But Clueless (And Needy) Musk

It feels strange talking about the world's richest man, only 53 years old, in the past tense. But that somehow seems appropriate for Elon Musk, who weeks ago was considered Donald Trump's co-president. Now he's clearly falling off that high perch, just as Tesla, his star asset, reports net income cratering by 71 percent.

Musk was undoubtedly a genius building business empires, not only Tesla but also SpaceX. He also owns the former Twitter, now known as X. But though he had certain highly developed faculties, he was not a full person at all.

One struggles to portray Musk as a victim, but it's become undeniable that Trump played him. Trump exploited his wealth, neediness and limited social smarts.

Start with the 2024 campaign. We don't know the monetary rewards Trump might have dangled, but this one-time Trump critic sank over a quarter of a billion dollars into helping the president's reelection. Moments after voters gave Trump a second term, Musk's wealth mushroomed in expectation of a lucrative payback.

But then Trump made Musk the fall guy for his obviously unpopular plan to cannibalize the government workforce. Not only did his "Department of Government Efficiency" (DOGE) strip the public of prized services, but Musk seemed to enjoy inflicting pain on thousands of workers. "The real reason (for their complaints)," he said callously, "is that those who are receiving the waste and fraud wish it to continue."

Trump is famous for skipping out on paybacks. As the chainsaw-waving leader of DOGE, Musk became politically radioactive. And no longer useful, Musk is clearly being shown the door — just as potential Tesla buyers have gone elsewhere for their electric vehicles. Both setbacks because MAGA got him to play patsy, up to and including support for far-right candidates in Germany.

Musk has joined movements advocating for higher birth rates to counter a drop in population. But Musk has taken the notion to weird levels, trying to create a master race modeled on himself. He has spread his sperm to father at least 14 children, via a number of women.

Sure, he can write big checks, but children, boys especially, need involved fathers. Some of the most screwed up kids come from money but suffer from lack of fathering. Musk's plans to gather the mothers and children in a Texas compound and visit them from time to time is as bloodless as it gets.

Why an entrepreneur who helped launch the EV revolution in the United States would work for a man dedicated to frustrating it remains a mystery. Did Musk think he would be spared?

Musk, like Trump, needs to be in the headlines all the time. He'd brag about busting unions if that got attention. Musk wasn't content to quietly enjoy his vast fortune — or enjoy giving some of it away. A dedicated father heading big companies would have used more of his scant free time tending to his offspring.

In the end Musk was conned by a con man. Musk may have been the richest man around, but he was used and is now being stripped of an exalted place in world politics — after doing dirty work that has taken a big toll on his companies. He was hustled by a man who has overseen five business bankruptcies — six if you count Trump Entertainment Resorts, which went bankrupt twice.

Thanks in good part to Musk's money, Trump was put in a position to amass millions in crypto, and engage in more grift and perhaps old-fashioned corruption. And Musk got "poorer."

Musk has an estimated $330 billion left, so no tears for him. But his legend has been sharply marked down. He's now a figure of both hate and ridicule. What a sad combination.

Reprinted with permission from Creators.

Tesla Musk cybertruck

Tesla Admits Musk's Politics Behind 71% Revenue Crash

On automaker Tesla's first quarterly earnings call of 2025, the electric vehicle manufacturer made a stunning admission that public animus toward CEO Elon Musk has directly contributed to its abysmal profits.

The New York Times reported Tuesday that Tesla's first-quarter revenue was just $409 million, which is a 71 percent decrease from the $1.4 billion the company made in the first three months of 2024. And the company told investors on the call that the significant decrease in sales is partially due to "changing political sentiment" that "could have a meaningful impact on demand for our products in the near term" — an apparent reference to Musk.

Musk's public role in President Donald Trump's administration has resulted in widespread protests at Tesla dealerships across the country as part of the "Tesla Takedown" movement. That movement — launched by actor Alex Winter of the Bill & Ted franchise — has also caught on around the world, with protesters in Europe and Australia also demonstrating outside of Tesla dealerships in response to Musk's role in the Trump White House.

The electric vehicle company is also taking a beating as a result of Chinese competitors like BYD, which saw its sales jump by roughly 60 percent in the first three months of 2025. Additionally, established automakers like General Motors, Ford and BMW, along with newer companies like Rivian and Polestar have made a dent in Tesla's sales by rolling out competing vehicles that could be seen as more appealing to liberal and centrist buyers.

Musk has signaled that he intends to leave the Trump administration soon, after his Department of Government Efficiency (DOGE) — with Trump's blessing – has made deep cuts to multiple federal agencies and fired thousands of public workers. He indicated multiple times that he sought to cut Social Security to the tune of hundreds of billions of dollars, alleging without evidence that the agency was illegally giving money to undocumented immigrants and helping them register to vote (undocumented immigrants do not qualify for Social Security and voting while undocumented is already a felony crime).

But even if Musk walks away from his role in the Trump White House, Tesla investors may still be eager to oust him as the company's CEO. Last month, a longtime Tesla investor called for Musk to resign as CEO or be dismissed by the company's board.

"The company's reputation has just been destroyed by Elon Musk," investor Ross Gerber told Sky News in March. "Sales are plummeting so, yeah, it's a crisis. You literally can't sell the best product in the marketplace because the CEO is so divisive."

Reprinted with permission from Alternet.

Musk's Extremism Driving Tesla Finances Into 'A Disaster On Every Metric'

Musk's Extremism Driving Tesla Finances Into 'A Disaster On Every Metric'

Elon Musk, the world’s wealthiest man and a terrible parent, was handed another loss on Wednesday, after his electric vehicle company Tesla released its first quarter sales report. The news wasn’t good. The EV maker reported its lowest quarter sales since 2022, well below the modest predictions analysts had forecasted.

Tesla shares fluctuated, beginning Wednesday with a six percent drop, before rebounding, possibly due to talk that Musk would be leaving his Department of Government Efficiency. And even Tesla cheerleaders, like Wedbush Securities analyst Dan Ives, were having a hard time turning this lemon into lemonade, as he expressed on X.

Musk’s latest setback comes just a week after reports that Tesla’s sales in Europe had dropped 40 percent in February, even as Europe’s EV market was enjoying an upswing in sales. Tesla’s losses in Europe can be partly attributed to Musk’s full-throated support of Germany’s far-right, neo-Nazi-affiliated Alternative for Germany party.

“In addition to Elon Musk’s increasingly active role in politics and the increased competition it is facing within the EV market, the brand is phasing out the existing version of the Model Y—its best-selling vehicle,” Felipe Munoz, global analyst at Jato Dynamics told the Financial Times.

Tesla’s brand has taken hits on top of Musk’s embrace of right-wing extremism. Nearly all of Tesla’s Cybertrucks were recalled in March due to issues stemming from the glue used to hold the stainless steel facade detaching, creating possible dangerous road hazards.

While Tesla faces increased competition in the market, the biggest problem the company faces is Musk’s politics and personality. Musk and DOGE’s unconstitutional attack on government agencies has cost tens of thousands of Americans their jobs and threatened their economic security.

His damage control efforts have been pathetic, undermined by his continued attacks on democracy, such as his unsuccessful yet transparent attempt to buy the Wisconsin Supreme Court election.

The Trump administration has clearly been ordered to cravenly prop up the billionaire’s nosediving reputation. But promising to throw people in jail if they protest against Tesla, holding an informercial in front of the White House, and having the entire Trump administration hawk Tesla stock during their television appearances has clearly not been the recipe for success they hoped for.

And now, Musk’s toxicity has become so great that even Donald Trump’s most loyal parasites are trying to find the right way to distance the GOP leader from his top donor. Whether or not Trump and friends can quit Musk’s hundreds of billions of dollars remains to be seen.

Reprinted with permission from Daily Kos.

'Insanity': At Pentagon, Musk Will Gain Access To Top-Secret US War Plans

'Insanity': At Pentagon, Musk Will Gain Access To Top-Secret US War Plans

South African centibillionaire Elon Musk — one of President Donald Trump's closest advisors — is now reportedly scheduled to receive a top-secret briefing involving the United States' top-secret plans in the event the nation goes to war with China.

The New York Times reported Thursday evening that the Tesla and SpaceX CEO will be visiting the Pentagon on Friday to get "access to some of the nation’s most closely guarded military secrets." Those war plans are detailed in "20 to 30 slides" that reveal exactly how the U.S. would plan to fight a war against the world's most populous nation and second-largest economy. The Times Julian E. Barnes, Maggie Haberman, Eric Lipton, Ryan Mac and Eric Schmitt noted that the briefing comes despite Musk having "extensive financial interests in China."

"If a foreign country was to learn how the United States planned to fight a war against them, it could reinforce its defenses and address its weaknesses, making the plans far less likely to succeed," the reporters wrote.

Some Musk critics expressed worry that China has significant leverage over the centibillionaire. Progressive activist Murshed Zaheed opined that the Times' reporting included "bats--- crazy" details about Musk's potential conflicts of interest toward the end of the report. In the final five paragraphs of the article, the Times reported that the Tesla factory in Shanghai — which was "built with special permission from the Chinese government" — is responsible for "more than half of Tesla's global deliveries." Tesla also has a $2.8 billion loan agreement with Chinese lenders "for production expenditures."

Consultant Matt Ortega pointed out that Chinese President Xi Jinping could simply tell Musk to "provide us with the U.S. war plan or we will close your Shanghai factory." Journalist Radley Balko exclaimed that Musk getting access to Chinese war plans was "insanity." Former FBI counterterrorism official Frank Figliuzzi called Musk getting the war plans a "clear and present danger." And author and journalist Tim Weiner reminded his followers that Vivek Ramaswamy — who co-founded the Department of Government Efficiency (DOGE) with Musk — once said in 2023 that the tech billionaire would "jump like a circus monkey when Xi Jinping calls in the hour of need."

"If you give the war plans to Musk, you might as well give them to China," Weiner wrote on Bluesky.

Defense Department spokesperson Sean Parnell implied to the Times that Musk's visit was merely casual, saying: "The Defense Department is excited to welcome Elon Musk to the Pentagon on Friday. He was invited by Secretary Hegseth and is just visiting."

Reprinted with permission from Alternet.

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