DIRS.INFO The most relevant business & tech news

Elon Musk listens as President-elect Donald Trump addresses a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill in Washington, D.C., on Nov. 13, 2024. Elon Musk on Wednesday joined President-elect Donald Trump for his first postelection meeting with the House Republican conference in Washington, D.C., an advisor to Trump told NBC News. Trump and Musk flew to the nation's capital together from Florida aboard Trump's plane. Musk has been alongside Trump in nearly every meeting, The New York Times reported. On Tuesday evening, Trump announced that "the Great Elon Musk" and entrepreneur Vivek Ramaswamy would lead an outside commission called the "Department of Government Efficiency," which aims to "dismantle government bureaucracy" and cut regulations.

Persons: Elon Musk, Donald Trump, Musk, Trump's, Trump, Elon, Vivek Ramaswamy Organizations: Republicans, Hyatt, Washington , D.C, Wednesday, House Republican, Trump, NBC News, SpaceX, The New York Times, " Department of Government Locations: Washington ,, Florida, Palm Beach

☆ Tesla initiates sixth Cybertruck recall in a year
▼ + stars: | 2024-11-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Tesla is recalling 2,431 Cybertrucks to replace defective drive inverters, according to notices made public by the National Highway Traffic Safety Administration on Wednesday. It's the sixth recall of the Cybertruck since the angular steel pickup went on sale about a year ago. Tesla addressed the previous Cybertruck recall with an over-the-air software update to fix an issue that caused images from the truck's backup cameras to not display correctly after the driver shifted into reverse. The latest Cybertruck recall requires the replacement of a part called a drive inverter, which provides power to the wheels of the vehicle. Tesla CEO Elon Musk has clashed with NHTSA and other federal regulators for years.

Persons: Tesla, It's, Elon Musk, Donald Trump, Musk, Trump, Elon Organizations: National, Traffic, Administration, NHTSA, Department of Government, Congress, Trump Locations: U.S

☆ Here are Wednesday's biggest analyst calls: Apple, Micron, Tesla, Instacart, Spotify, Netflix, Cava, Target and more
▼ + stars: | 2024-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Evercore ISI downgrades Caterpillar to in line from outperform The firm said it sees earnings per share risk for Caterpillar. Barclays reiterates Instacart as overweight The firm said it is sticking with its overweight rating following earnings. " Telsey reiterates Target as outperform Telsey says it is sticking with its outperform rating on Target ahead of earnings next week. Jefferies reiterates Netflix as buy The firm said the latest report of monthly active users for Netflix weakens the bear case. " TD Cowen reiterates Cava as buy The firm said Cava had a "flawless" third quarter.

Persons: Oppenheimer, William M, Brown, reallocating, Wells, Morgan Stanley, Telsey, Salesforce, verticals, Jefferies, Piper Sandler, Wedbush, Tesla, Donald Trump, Elon Musk, TD Cowen, Cava Organizations: Caterpillar, CAT, UBS, DTC, Bank United, Bank, Solutions Holdings, C Insurance, Barclays, CART, Starbucks, Bank of America, Netflix, MAUs, Micron, Apple, ISI, Services, Department of Government, White, Trump Locations: 3Q24, FCF

☆ Elon Musk may already be overstaying his welcome in Trump’s orbit
▼ + stars: | 2024-11-13 | by ( Dasha Burns | David Ingram | ) www.cnbc.com time to read: +6 min

In a statement, Trump-Vance transition spokeswoman Karoline Leavitt said, "Elon Musk and President Trump are great friends and brilliant leaders working together to Make America Great Again. Elon Musk is a once in a generation business leader and our federal bureaucracy will certainly benefit from his ideas and efficiency." An adviser to Trump said that Elon Musk would join Trump in a meeting Wednesday with Republican lawmakers ahead of leadership elections. In posts on X in the past week, Musk has pushed various policy ideas including deporting immigrants and slashing government spending. On Sunday, one of Trump's grandchildren, Kai Trump, posted a photo on X of herself with Musk, writing that Musk was "achieving uncle status."

Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, who've, they're, he's, Trump, Vance, Karoline Leavitt, Volodymyr Zelenskyy, Elon, pester Trump, Elon doesn't, Cantor Fitzgerald, Howard Lutnick, Kai Trump Organizations: Trump, Tech, SpaceX, Department of Government, America PAC, Mar, Ukrainian, Republican, PAC, West Palm Beach Locations: Butler , Pennsylvania, U.S, Beach , Florida, Pennsylvania, West Palm Beach, Mar, West Palm, Austin , Texas

☆ Elon Musk's promise of an 'epic' leaderboard of 'dumb' government spending reveals his marketing savvy
▼ + stars: | 2024-11-13 | by ( Geoff Weiss | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Elon Musk says a leaderboard of "dumb" government spending will expose waste — and he wants your two cents. The Tesla CEO said this week that he planned to post a public "leaderboard for the most insanely dumb spending of your tax dollars." While the effectiveness of Musk's leaderboard remains to be seen, experts told Business Insider it showed his marketing savvy — even if it could also encourage "gotcha" moments that need more context. Especially in a dry realm such as government spending, Musk's plans are bound to grab eyeballs — and perhaps make people feel more invested in the outcome. She said there was some precedent for Musk's leaderboard, noting that former Sen. William Proxmire, a Democrat from Wisconsin, issued the "Golden Fleece Award" for wasteful spending throughout the 1970s and '80s via monthly press releases.

Persons: Elon Musk, —, Musk, Donald Trump's, DOGE —, he's, Vivek Ramaswamy, Natalie Andreas, Austin who's, Ayelet, didn't, Musk's, Andreas, Karen North, Clinton, Sen, William Proxmire, It's, screwworms —, Amy Jo Kim, Kim Organizations: Service, Department of Government, University of Texas, Austin, University of Chicago's Booth School of Business, University of Southern California's Annenberg School for Communication, Journalism, Stanford Locations: Wisconsin

☆ Bluesky’s user base has doubled in the past 90 days. Is it a mass exodus from X?
▼ + stars: | 2024-11-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

Bluesky’s user base has doubled in the past 90 days — on Tuesday the company said it had gained 1 million new sign-ups in the past week alone, bringing it to more than 15 million total users. “X usage is at an all-time high and continues to surge,” X CEO Linda Yaccarino said in a post Wednesday. Bluesky also saw daily visits jump on Election Day and the day after to 1.2 million and 1.3 million, respectively, up from around 800,000 in the days before. On Bluesky, daily users more than doubled from-mid October to the post-election week. In the run-up to the election, Musk spread false and misleading claims about Trump’s competitor, Vice President Kamala Harris.

Persons: Bluesky rocketed, Elon, Musk, Donald Trump, Charlie Warzel, New York Times ’ Mara Gay, Don Lemon, X, White supremacists, Linda Yaccarino, “, Similarweb, Bluesky, ” David Carr, we’ve, Ed Zitron, EZPR, Zitron, Mike Isaac, ”, Trump, MAGA, Kamala Harris, Vivek Ramaswamy, Vladimir Zelensky, Musk’s Starlink, That’s, – CNN’s Liam Reilly, Matt Egan Organizations: New, New York CNN, Apple, New York Times, CNN, Guardian, ” New York Times, Trump, Twitter, “ Department, Government Locations: New York, anecdotally, Bluesky, ”, Russia

☆ Trump says Musk and Ramaswamy will lead government efficiency group
▼ + stars: | 2024-11-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency group when his second term begins in January. Trump wrote in a post that the Department of Government Efficiency, or DOGE, will "become, potentially, 'The Manhattan Project' of our time." Trump didn't specify where cuts will take place or when the department may be formed. Musk, who also runs defense contractor SpaceX, has reportedly been stationed at Trump's Mar-a-Lago resort in Florida since election night. Ramaswamy, who challenged Trump in the Republican primary, is co-founder of investment firm Strive Asset Management.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, hasn't, Musk, Ramaswamy, Pete Hegseth, John Ratcliffe Organizations: Department of Government, Trump, Republican, SpaceX, Fox News Locations: Trump's, Lago, Florida

☆ What Trump's second term means for space and why one expert is 'hugely optimistic'
▼ + stars: | 2024-11-09 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Space industry experts told Business Insider that Musk's influence over Trump could help advance his business interests, including sending the first crewed mission to Mars. "I'm hugely optimistic about what's going to happen in space now," Michelle Hanlon, executive director of the Center for Air and Space Law at the University of Mississippi School of Law, told Business Insider. Hanlon's optimism isn't unfounded, especially if Trump's second term focuses on space as much as his first. AdvertisementDuring his first term, from 2017 to 2021, Trump's administration founded the Space Force, re-launched the National Space Council, and established NASA's Artemis program. A spokesperson for Trump's campaign said that Musk's ideas and efficiency will benefit federal bureaucracy but his role in Trump's administration remains under wraps.

Persons: Elon Musk, Donald Trump, Trump, —, Elon Musk's, Michelle Hanlon, Musk, Volodymyr Zelenskyy, Axios, Jim Watson, Deborah Sivas, it's, Elon, Hanlon, George Nield, we've, Donald Trump’s, Anna Moneymaker, Nield, Artemis program's Organizations: Service, Trump, Center for Air, Space, University of Mississippi School of Law, Space Force, Space Council, Department of Government, Traffic Safety Administration, Federal Aviation Administration, Ukrainian, Getty, SpaceX, Environmental, Stanford, Republicans, Space Transportation, NASA, Orion Locations: Pennsylvania, Butler , Pennsylvania, Sivas

☆ Elon Musk joined Trump's call with Zelenskyy, showing the Tesla CEO's new influence after spending at least $119 million on the campaign
▼ + stars: | 2024-11-08 | by ( Bryan Metzger | Alice Tecotzky | ) www.businessinsider.com time to read: +2 min

Elon Musk reportedly joined Trump's calls with two world leaders, including Zelenskyy. Musk worked hard to elect Trump and is likely to have influence in the administration as a result. AdvertisementElon Musk joined President-elect Donald Trump's calls with both Ukrainian President Volodymyr Zelenskyy and Turkish President Recep Tayyip Erdogan this week, according to several reports. Axios reported that Musk told the Ukrainian leader that he would continue to support the besieged country via his Starlink satellites. Beyond supporting Trump's campaign financially, Musk joined the president-elect at rallies and held solo town halls.

Persons: Elon Musk, It's, Musk, Trump, —, Donald Trump's, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Axios, Erdogan, Musk's, DOGE Organizations: Service, The New York Times, Trump, Zelenskyy, Mar, Reuters, of Government, Tesla, SpaceX, Tech Locations: Turkish, Silicon, Washington

AdvertisementSome venture capitalists expect US President Donald Trump to dial back regulation, potentially making it easier to develop new technologies and do business in Silicon Valley. Related VideoWhile many in Silicon Valley dislike Trump, many VCs and startup founders crave more freedom to pursue riskier new technologies unburdened by regulation. E-acc," referring to the recent Silicon Valley movement that wants technological advancements in AI to move as fast as possible, without any guardrails. Regulation has held Silicon Valley back in recent yearsVCs during Biden's presidency have complained about how tough it's been to get deals done. AdvertisementVCs anticipate an innovation boomAmerica is a country of entrepreneurs, and that's especially true in Silicon Valley.

Persons: —, Donald Trump, Elon, Ben Narasin, we've, Trump, Musk, cheekily, Vance, Augustus Doricko, Kamala Harris, Aaron Levie, Harris, Mark Pincus, Biden's, Louis Lehot, Foley, Lardner, Lina Khan —, it's, Biden, JD Vance, Khan, Mason Angel, who's, he's, Narasin, Ben Thompson, Rainmaker's Doricko, Angel Organizations: Service, Elon, Venture, White, Department of Government, Zynga, acc, Google, Microsoft, Nvidia, Federal Trade Commission, Department of Justice, Trump, Republican, Big Tech, FTC, SpaceX, Space Force Locations: Silicon Valley, Silicon

☆ How Elon Musk stands to cash in on Trump's presidential victory
▼ + stars: | 2024-11-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +10 min

Jim Watson | Afp | Getty ImagesAs Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. Elon," Trump said onstage at his Mar-a-Lago resort, thanking the world's richest person for spending two weeks campaigning in Pennsylvania. Musk's investment in Trump is already paying off, even though Trump doesn't take office until Jan. 20. Musk was introduced by Cantor Fitzgerald CEO Howard Lutnick, who called the Tesla CEO the "greatest capitalist" in U.S. history. Having a role in a bespoke commission could give Musk power over federal agencies' budgets, staffing and the ability to push for the elimination of inconvenient regulations.

Persons: Elon Musk, Donald Trump, Jim Watson, Elon, Trump, Musk's SpaceX, Musk, surrogates, Tony, Cantor Fitzgerald, Howard Lutnick, Lutnick, Biden, Tesla, Sergio Flores, Geoff Orazem, Orazem, Vladimir Putin, Xi Jinping, Bill Nelson, Putin, Tenet, JD Vance Organizations: Republican, Afp, Getty, Trump, U.S, Tesla, SpaceX, Twitter, Department of Government, SEC, Environmental Protection Agency, Federal Aviation Administration, IRS, Microsoft, Meta, U.S . Army, National Security Agency, FedScout, NASA, U.S . Air Force, Space Force, Federal Emergency Management Agency, National Labor Relations Board, Street Journal, NBC News, Tenet Media, Department of Justice, Putin, Kremlin, PAC Locations: Butler , Pennsylvania, Lago, Pennsylvania, China, Hurricane, New, Puerto Rico, Meta, U.S, Taiwan, Russian, Ukraine

☆ Elon Musk wins big by betting on Trump
▼ + stars: | 2024-11-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Elon Musk used his money, power, and influence to help reelect former President Donald Trump. Musk has spent months strengthening his ties to Trump, using his platform on X to advocate for him and investing over $130 million in pro-Trump efforts. Some suggested Musk's actions might be a risk-hedging strategy to secure Trump's backing if he wins. AdvertisementWhat a Trump win means for Musk's business empireAside from direct influence within the government, a Trump presidency could lead to a lot of wins for Musk's business empire, which includes Tesla, SpaceX, The Boring Company, Neuralink, and X. Coglianese said Musk was also "banking on a president who will want to or be willing to repay Musk for his loyalty."

Persons: Elon Musk, Donald Trump, Trump, Musk, —, Elon, Cary Coglianese, Erik Gordon, Gordon, Francesco Trebbi, Karoline Leavitt, Coglianese, it's, Carl Icahn, Icahn, Joan MacLeod Heminway, Heminway Organizations: Service, Trump, Business, Penn, University of Pennsylvania, University of Michigan's Ross School of Business, Department of Government, Securities and Exchange Commission, Twitter, SpaceX, The Boring Company, Tesla, University of California, Department of Defense, Environmental Protection Agency, University of Tennessee Locations: Pittsburgh, Pennsylvania, Texas, California, University of California Berkeley

☆ Dogecoin and other memecoins surge as crypto traders position for a Trump election victory
▼ + stars: | 2024-11-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Memecoins surged early Wednesday on the back of election results that showed former President Donald Trump in a strong position to gain a second term. "Certain sectors that have buoyed prices, such as the renewed interest in memecoins, may experience major price movements as individual states report election results." In the lead-up to Election Day, memecoins and AI-related crypto tokens outperformed the overall crypto market. The sector of the crypto market is used as a measure of retail investors' risk appetite. The crypto market seemed to be positioning for a Trump victory Wednesday as investors monitored the results of the U.S. presidential election.

Persons: Memecoins, Donald Trump, Dogecoin, Shiba Inu, Chris Chung, Ryan Rasmussen, I'm, Trump, Chung, Elon, Nic Puckrin Organizations: Elon, Metrics, Titan, Solana, Bitwise Asset Management, CNBC, lotto, Trump, U.S, Securities, Exchange, of Government, Department of Government Locations: memecoins, bitcoin

☆ Tesla jumps in overnight trading as Trump-backer Musk seen benefiting
▼ + stars: | 2024-11-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. Shares of Tesla surged overnight as investors bet a potential Donald Trump election victory would benefit major backer and CEO of the carmaker, Elon Musk. Tesla shares jumped 8% in overnight trading on Robinhood brokerage platform. Trump has promised to appoint Musk as the head of a government efficiency commission, if elected. "Your money is being wasted, and the department of government efficiency is gonna fix that," he said at the rally.

Persons: Elon Musk, Donald Trump, Musk, Trump Organizations: SpaceX, Tesla, Ridley High School, America PAC, Republican Locations: Folsom , Pennsylvania, Trump's

☆ Elon Musk's private jet has landed in Florida following report he'll be watching election results with Donald Trump
▼ + stars: | 2024-11-05 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +4 min

Donald Trump megadonor Elon Musk's private jet has landed in Florida. AdvertisementElon Musk's private jet has landed in Florida, where the billionaire will reportedly watch the election results roll in with Donald Trump at Mar-a-Lago. After flying from Austin to Cameron County, Texas — where SpaceX is located and Musk said he voted — earlier this afternoon, Musk's private jet landed in West Palm Beach, according to jet-tracking service Jetspy. On Tuesday, The New York Times reported that Musk, a Trump megadonor, was to spend election night with Trump, citing three sources with knowledge of Musk's schedule. Sweeney told Business Insider that Musk's jets were easily identifiable because Musk's jet continued broadcasting its call sign.

Persons: Donald Trump megadonor, Donald Trump, —, Musk, Trump, Elon Musk, Jack Sweeney, Sweeney Organizations: Donald Trump megadonor Elon, Mar, Trump, GOP, Service, Elon, SpaceX, The New York Times, Palm Beach Convention Center, Representatives, Musk, Business, PIA, Federal Aviation Administration, Republican Party, Musk's America PAC, PAC Locations: Florida, Austin, Cameron County , Texas, West Palm Beach, Palm Beach, Pennsylvania, New York City

☆ Trump’s plan to radically remake government with RFK Jr. and Elon Musk
▼ + stars: | 2024-10-30 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

‘Go wild’ with RFK Jr.Trump has promised to give Kennedy leeway to remake the way the government health apparatus protects Americans. Robert F. Kennedy Jr. and former President Donald Trump shake hands during a campaign rally at Desert Diamond Arena on August 23, 2024, in Glendale, Arizona. Both Trump and Kennedy have expressed vaccine skepticism, and Kennedy has been a longtime activist pushing debunked theories about vaccines. In a potential new Trump administration, Musk promises a reinvention of the federal bureaucracy. “Let’s start from scratch,” Musk said at an event in October in Pittsburgh, suggesting a drastic remaking of the federal bureacracy.

Persons: Donald Trump, Robert F, Kennedy Jr, “, Trump, Kennedy, “ I’m, ” Trump, Anne Frank, Rebecca Noble, we’ve, ” Kennedy, Aaron Pellish, Trump’s, “ Trump’s, CNN’s Meg Tirell, Musk, It’s, Musk’s, ” Musk, Elon Musk, Dave McCormick, Michael Swensen, CNN’s David Goldman, “ Musk, ” Goldman, Larry Summer, ” Summers, Summers, Mike Johnson, ”, ” Johnson, Kamala Harris, Johnson Organizations: CNN, Trump, Elon, RFK Jr, Madison, PAC, New York Times, Desert Diamond Arena, HHS, Department of Health, Human Services, CDC, Centers, Disease Control, FDA, Food, Drug Administration, National Institutes of Health, USDA, Department of Agriculture, SpaceX, Tesla, “ Department, Government, Fox News, Congressional, Social Security, Republicans, Health Locations: Nazi Germany, Glendale , Arizona, Pittsburgh, Pennsylvania, White

☆ Elon Musk took the stage at a Trump rally to talk about taxes and the 'Department of Government Efficiency'
▼ + stars: | 2024-10-28 | by ( Katherine Tangalakis-Lippert | Cheryl Teh | ) www.businessinsider.com time to read: +5 min

Elon Musk briefly spoke at a campaign rally for Donald Trump in New York on Sunday. Musk said he'd save the US $2 trillion through a department of government efficiency. AdvertisementAt a campaign rally for former President Donald Trump in New York on Sunday, Elon Musk said he'd save the United States $2 trillion through a department of government efficiency. "I think we can do at least $2 trillion," Musk replied. Musk and representatives for the Trump campaign did not immediately respond to a request for comment.

Persons: Elon Musk, Donald Trump, Musk, —, Howard Lutnick, Cantor Fitzgerald, Lutnick, Tesla, Harris, Trump, he'd, Musk's, Kamala Harris Organizations: Service, Sunday, SpaceX, Biden, Department of Government Efficiency, Trump, Social Security, Small, Budget, Street, Trump Musk, America PAC, The New York Times, Siena College Locations: New York, United States, Pennsylvania, Trump's

☆ Elon Musk says at a New York Trump rally that he could save the country $2 trillion through a department of efficiency
▼ + stars: | 2024-10-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Elon Musk on Sunday briefly spoke at a campaign rally for Donald Trump in New York. In his speech, Musk said he'd save the US $2 trillion through a department of government efficiency. Musk and Trump have both suggested that Musk could be a member of Trump's cabinet if he's reelected. "I think we can do at least $2 trillion," Musk replied, receiving cheers from the crowd. Musk and representatives for the Trump campaign did not immediately respond to a request for comment from Business Insider.

Persons: Elon Musk, Donald Trump, Musk, he's, —, Elon, Tesla, he'd, Howard Lutnick, Cantor Fitzgerald, Lutnick, Harris, Trump Organizations: Trump, Service, SpaceX, Biden, Department of Government Efficiency, Business Locations: New York, United States, United States of America, Trump's

☆ Elon Musk’s dozens of meetings with presidents, prime ministers and political candidates show his growing political influence
▼ + stars: | 2024-10-25 | by ( Clare Duffy | Way Mullery | ) edition.cnn.com time to read: +9 min

New York CNN —Over the past three years, Elon Musk has met dozens of times with presidents, prime ministers, lawmakers, government officials and political candidates from around the world. Other meetings, such as a recent conversation with Argentine President Javier Milei, the world only glimpses through the billionaire’s social media posts. Recently, Musk’s political activism has begun to have a tangible impact on his companies: Brands pulled their advertisements from X, tanking its value. CNN’s analysis also suggests that Musk has, in particular, worked to develop influence among a set of right-leaning world leaders, including Modi, Bolsonaro, Milei and Italian Prime Minister Giorgia Meloni. Now, as he campaigns for Trump, Musk may be setting himself up for his most prominent political role yet: a position in a possible future Trump White House.

Persons: Elon Musk, Benjamin Netanyahu, Javier Milei, Musk, Vladimir Putin, Dmitry Peskov, ”, Ron DeSantis, Robert F, Kennedy, Jr, Donald Trump, Kamala Harris, “ He’s, he’s, James Lewis, it’s, Tesla, “, ” Lewis, “ They’re, Jair, Andrés Manuel López Obrador, Li Qiang, Emmanuel Macron, Recep Tayyip Erdogan, Narendra Modi, William Klepper, you’ve, ” Musk, Modi, Giorgia Meloni, India’s Modi Organizations: New, New York CNN, Argentine, CNN, Wall Street Journal, Putin, Gov, Trump, Center for Strategic, International Studies, Indian, Columbia Business School, Brands, SpaceX, Italian, Elon, Trump White House, Department of Government Locations: New York, Israel, South Africa, United States, Brazil, Nuevo Leon, Shanghai, China, Turkish, California, Italy, India, Argentina, ”

☆ Elon Musk says he’ll fix the government under Trump. His track record paints a different picture
▼ + stars: | 2024-10-22 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Elon Musk is making some big promises while campaigning for former President Donald Trump. Musk and Trump have publicly discussed some kind of government role for the Tesla and SpaceX CEO if Trump wins the presidency. Trump on Fox News last week said Musk may serve as the “Secretary of Cost-Cutting,” a government agency that also doesn’t currently exist. At X, Musk has made significant layoffs, slashing roughly 80% of the company’s staff. At Tesla, Musk has pushed forward ambitiously in deploying “full self-driving” technology, despite multiple accidents and government warnings and investigations.

Persons: CNN — Elon Musk, Donald Trump, Musk, Trump, ”, ” Musk, “, Ron DeSantis, Tesla, FSD Organizations: CNN, Trump, Tesla, SpaceX, Department of Government, Fox News, UAW, Florida Gov, Fidelity, Traffic Safety Administration, Wall Street, X, Twitter Locations: Trump, Pittsburgh, California, Texas

☆ Elon Musk says he may face 'vengeance' for backing Trump if he loses
▼ + stars: | 2024-10-08 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Elon Musk told Tucker Carlson he might face "vengeance" if Trump loses the Presidential election. The Tesla CEO has become an outspoken supporter of Trump, setting up a super PAC and speaking at his rally. He also doubled down on a deleted X post questioning why no one had tried to kill VP Kamala Harris. The Tesla CEO told former Fox News host Tucker Carlson that he might face "vengeance" if Vice President Kamala Harris triumphs in the presidential election. AdvertisementMusk deleted the initial X post, which the White House criticized, claiming that users on the platform did not understand his sense of humor.

Persons: Elon Musk, Tucker Carlson, Kamala Harris, —, Elon, Donald Trump's, Trump, Harris, Joe Biden, Kamala, Biden, Carlson Organizations: Trump, Service, Fox News, Department of Government, Biden, White Locations: Butler , Pennsylvania

☆ Jamie Dimon says he likes Elon Musk's idea to start a DOGE, or Department of Government Efficiency
▼ + stars: | 2024-09-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewJPMorgan Chase CEO Jamie Dimon says he approves of Elon Musk's proposal to create a new department of government efficiency — or, in Musk's words, DOGE. "Ok, so — Elon, this idea about having an efficiency commission, I actually like the idea," Dimon said in an interview with CNBC-TV18, which aired on Tuesday. This story is available exclusively to Business Insider subscribers. AdvertisementDuring the CNBC interview, Dimon said that at the moment, he will not endorse Trump or his opponent, Vice President Kamala Harris, for the presidency. Musk, representatives of Trump and JPMorgan Chase didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Jamie Dimon, Tesla, Donald Trump's, — Elon, Dimon, Al Gore, Musk, Trump, Kamala Harris, Larry Fink, he's, JPMorgan Chase didn't Organizations: Service, Chase, Elon, Trump, CNBC, TV18, Business, Reinventing Government, Economic, of New, Reuters, Bloomberg, Treasury, JPMorgan Locations: of New York

☆ Elon Musk says the FAA should make Boeing pay for putting the Starliner astronauts at risk, not fine SpaceX 'for trivia'
▼ + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said the Federal Aviation Administration (FAA) should punish Boeing for its Starliner failures rather than impose "petty" fines on SpaceX. In a Thursday X post, Musk expressed his displeasure with the FAA's proposed $633,009 fine for SpaceX. "NASA deemed the Boeing capsule unsafe for astronaut return, turning, out of necessity, to SpaceX, yet instead of fining Boeing for putting astronauts at risk, the FAA is fining SpaceX for trivia!" In his rebuke of the FAA and Boeing, Musk also reposted SpaceX's Wednesday letter to top congressional leaders. Representatives of SpaceX, Boeing and the FAA didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Elon Musk, Musk, Marc Nichols, He's, Donald Trump's, DOGE —, Butch Wilmore, Suni Williams Organizations: Service, Federal Aviation Administration, FAA, Boeing, SpaceX, Business, NASA, Trump, Boeing Starliner, Station, Starliner, Polaris Locations: American, New Mexico

Search resuls for: "Department of Government Efficiency"

23 mentions found