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Elon Musk acknowledged that his job as head of President Donald Trump’s effort to cut the size of government is “costing me a lot” when it comes to his other big job, as CEO of Tesla Inc. Political backlash from Musk’s recent political forays in the US and around the world have weighed on Tesla at home and abroad. “It’s costing me a lot to be in this job,” Musk said at a town hall event in Wisconsin, noting some of his political opponents have highlighted the stock’s retreat. “What they’re trying to do is put massive pressure on me, and Tesla I guess, to you know, I don’t know, stop doing this,” Musk said. “My Tesla stock and the stock of everyone who holds Tesla has gone, went roughly in half. I mean it’s a big deal.” Tesla shares rose to a record high in the month after Trump was elected, but have dropped 45% since their Dec. 17 peak. While he remains the world’s richest man, Musk’s own personal wealth has declined by more than $100 billion this year, according to the Bloomberg Billionaires Index. “Long term I think Tesla stock’s going to do fine, so maybe it’s a buying opportunity,” Musk said.

Subscribe to enjoy similar stories. Here is how US representative Marjorie Taylor Greene responded to Sky News television correspondent Martha Kelner from the UK when the latter raised a question regarding the Signal chat leak at a press conference: “Okay, we don’t give a crap about your opinion and your reporting. Why don’t you go back to your country where you have a major migrant problem?...You should care about your own borders." No one would have expected such harsh, divisive, and disgraceful utterances from a powerful representative of the US.

Subscribe to enjoy similar stories. It’s March 29, which the organizers of Tesla Takedown called a global day of action to protest and “stop" CEO Elon Musk peacefully. As it relates to Musk, what protestors want to stop are, or likely are, DOGE cuts.

Tesla dealerships to express their opposition to billionaire Elon Musk's involvement in the US government, Al Jazeera reported. Musk, the head of the Department of Government Efficiency (DOGE), has faced criticism for his efforts to cut government spending and access sensitive data. The protests, organised by a group including disgruntled Tesla owners, celebrities, and a Democratic lawmaker, aim to pressure Musk to resign from his government position. Saturday's demonstrations marked the first coordinated effort to target all 277 Tesla locations in the US, as per Al Jazeera. In New York City, hundreds of protesters gathered in front of the Manhattan Tesla store, demanding Musk's resignation. These demonstrations coincide with a decline in Tesla sales, which the organizers hope to exacerbate further. The protesters were gathered at the call of environmentalists from Planet Over Profit, who believe that «stopping Musk will save lives and protect our democracy.»

Osborne Effect. This phenomenon, named after the company’s premature announcement of its next-generation product, still haunts businesses today, forcing tech giants like Apple and Samsung into a culture of extreme secrecy. But why does revealing a future product spell doom for a company’s current sales?

Elon Musk has revealed the date he plans to 'ditch US President Donald Trump' and leave Washington DC after his DOGE purge of Federal departments. The Tesla CEO sat down with key members of his DOGE team to discuss the work his team has carried out for the first few months of Trump's administration. Elon Musk plans to step down from his cost-cutting role in the Trump administration at the end of May after reducing the US deficit by $1 trillion, the tech billionaire said on Thursday, according to The Fox News. Musk, 54, expressed confidence in getting close to that goal, which would halve the annual federal deficit, in just 130 days — saying his team was averaging “$4 billion a day, every day, seven days a week.” ALSO READ: Myanmar earthquake: Emergency declared in Bangkok; Thailand's stock exchange suspends trading

Elon Musk's X for wrongly labelling as a «censorship portal» an official website that allows tech companies to be notified about harmful online content, court papers reviewed by Reuters showed on Friday. The lawsuit marks an escalation in a legal dispute between X and the government of Prime Minister Narendra Modi over how it orders content to be taken down, at a time when Musk nears the launch in India of his other key ventures, Starlink and Tesla. The comments came in a rejoinder to X's new lawsuit filed on March 5 in the southern state of Karnataka seeking to quash the government's website initiative.

US auto tariffs, the luxury carmaker said. Ferrari said it would stick largely to its financial targets for this year, according to a report in news agency Reuters. The new levies on cars and light trucks will take effect on April 3. Ferrari announced that pricing for models imported before April 2 will remain unchanged. However, starting from that date, “new import conditions will be partially reflected in pricing,” with increases of up to 10%. This means the Maranello, Italy-based automaker will absorb part of the 25% tariff hike introduced by Trump on Wednesday. «The commercial terms will remain unchanged for orders of all models imported before April 2, 2025, and for orders of the following three families — Ferrari 296, SF90 and Roma — regardless the import date. For the current remaining models, the new import conditions will be partially reflected on pricing, up to a maximum 10 per cent increase,» the company said in a statement. ALSO READ: 'Elon, I want to thank you': Trump makes it official, makes big statement amid Tesla Takedown protests

Several analysts on Wall Street see a clear winner emerging from President Donald Trump's new auto tariff policy: Tesla.

Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as a widening trade war intensifies, as per a report. Major car exporter Germany urged a firm response from the European Union, while Japan said it «will consider all options», AFP reported. The US duties take effect starting April 3 and impact foreign-made cars and light trucks. Key automobile parts will also be hit within the month. Global stock markets plummeted with automakers like Toyota, Hyundai and Mercedes leading the plunge. In New York, shares in General Motors tumbled with Ford and Stellantis also declining. France Finance Minister Eric Lombard condemned the «hostility,» saying the only solution for the European Union is to «raise tariffs on American products in response.»

Tesla struggles with falling sales and share price and global protests against his brand for his support to US President Donald Trump, its CEO Elon Musk looks at India with hope. Long seen as a potential disruptor for India's EV, Tesla is finally entering India, opening a showroom in Mumbai to sell its imported cars and has plans to set up a manufacturing plant in Maharashtra. However, Tesla has lost years dilly-dallying on its India entry and meanwhile Indian EV makers have grown enough to make things difficult for it. Many think the company may not after all be able to disrupt the Indian market in any significant way nor reap any huge dividends. Tesla may face another big challenge in India. Its global rival BYD (Build Your Dreams), which sells cars imported from China in India, could be planning to manufacture in the country. According to unconfirmed media reports, the Chinese EV giant is planning to set up a factory in Telangana. BYD, together with Indian EV makers such as Mahindra and Tata; the JV between India's JSW and China's MG Motor; and Korean and Japanese automakers CAN make it difficult for Tesla to benefit from the Indian market in any substantial way.

Brands are returning to X at a time when Musk's influence has grown in the Trump administration, with the Tesla CEO's key role in the US Department of Government Efficiency. In 2025, X's US ad revenue is expected to grow 17.5% to $1.31 billion, while global ad sales are estimated to rise 16.5% to $2.26 billion, according to Emarketer.

Subscribe to enjoy similar stories. Donald Trump and Elon Musk speak to the press as they sit in a Tesla at the White House in Washington, March 11. For the past two months, Americans have watched as two extraordinary and polarizing figures—Donald Trump and Elon Musk—have worked as a team to reduce the size and reach of the federal bureaucracy.

BYD has led a brutal price war that has pushed it to become the largest seller in the world's biggest car market. This Monday, it reported $107 bn in revenue for 2024, crossing the $100 bn barrier for the first time. Displacing Volkswagen as China's top carmaker by sales, the company is aggressively expanding into overseas markets.

Supreme Court on Wednesday upheld a Biden administration regulation on the nearly impossible-to-trace weapons called ghost guns, clearing the way for serial numbers, background checks and age verification requirements to buy them in kits online. Ghost guns were found at crime scenes in soaring numbers across the US before the regulation went into place, rising from fewer than 1,700 recovered by law enforcement in 2017 to more than 27,000 in 2023, according to Justice Department data. Since the federal rule was finalised, ghost gun numbers have flattened out or declined in several major cities, including New York, Los Angeles, Philadelphia and Baltimore, according to court documents. Manufacturing of miscellaneous gun parts also dropped 36 per cent overall, the Justice Department has said. Ghost guns are any privately made firearms without the serial numbers that allow police to trace weapons used in crime. The 2022 regulation was focused on kits sold online with everything needed to build a functioning firearm — sometimes in less than 30 minutes, according to court documents. ALSO READ: 'Elon, I want to thank you': Trump makes it official, makes big statement amid Tesla Takedown protests Ghost guns have been used in high-profile crimes, including a mass shooting carried out with an AR-15-style ghost gun in Philadelphia that left five people dead. Police believe a ghost gun used in the slaying of UnitedHealthcare's CEO in Manhattan was made on a 3D printer rather than assembled from a kit.

Tesla might be dominating the EV market, but a new player has entered the arena—one that has the backing of Tesla’s original co-founders. Telo Trucks, a startup focusing on compact electric pickups, has caught the attention of Martin Eberhard and Marc Tarpenning, the very men who co-founded Tesla before Musk took over. With a fresh approach to electric utility vehicles, Telo Trucks’ MT1 mini pickup is designed for urban dwellers and adventure seekers alike. But with Tesla already facing mounting issues with its Cybertruck, could this be yet another headache for Musk?

TGI Fridays has shut down nearly 130 stores in the United States in the last several months. This development comes as TGI Fridays faces ongoing bankruptcy proceedings as slumping sales and shifting trends have hit many casual dining-style chain restaurants hard. TGI Fridays shut down 130 stores in tragic decline: 10 points -TGI Fridays is slated for mass shutdowns for the year 2025. TGI Fridays, once known for its flair-laden servers, endless appetizers and festive atmosphere has closed a total of over 130 stores this year, since filing for Chapter 11 bankruptcy in November 2024. ALSO READ: US recession storm may be brewing. Deutsche markets survey pushes the possibility towards 50% -According to The Mirror, the most recent spate of closures took place in New York, New Hampshire, Maryland, Massachusetts, and Ohio with signs on locked doors citing the “difficult decision” to close.

Tesla share price rose 3.4 per cent on Tuesday even as Billionaire Elon Musk reportedly held a crucial meeting with employees, as per a report. Parleys between Musk, who is a key advisor to US President Donald Trump's administration, and Tesla employees and investors have been an assuring one, Fortune reported quoting Wedbush analyst Dan Ives. The meeting, which streamed online, had Musk speaking positive things to employees even as he claimed the future for Tesla looks bright. However, even after Tuesday's gain, Tesla's stock nevertheless remains down nearly 29 per cent for 2025 so far.

Jasmine Crockett (D-Texas) came under fire from Republicans on Tuesday for referring to Texas Gov. Greg Abbott ®, who uses a wheelchair, as “Governor Hot Wheels.” The remarks were made by Jasmine Crockett at a Human Rights Campaign dinner in Los Angeles as part of a broader dig at the Texas governor, according to The Washington Post. Greg Abbott, 67, was paralyzed at 26 after a tree fell on him while he was on a run, damaging his spinal cord. ALSO READ: Mega Million jackpot soars to $344 million: A lucky ticket hits the massive lottery luck