TESLA NEWS
Xiaomi joins China AI game with maiden DeepSeek-like model
Xiaomi has launched its open-source AI model. It joins other Chinese tech giants in this field. The model is named MiMo. It mimics human thinking. Xiaomi claims MiMo outperforms OpenAI and Alibaba platforms in tests. This launch follows Alibaba's new model release. It also comes after DeepSeek's R1 success. Xiaomi aims to develop human-level AI.
Elon Musk’s cost-cutting war on Uncle Sam hits his own wallet; world's richest man loses 25% of fortune in bid to dismantle wasteful spending
Elon Musk's fortune crash has shocked investors as the billionaire lost 25% of his wealth—over $113 billion—after joining Trump’s government project, DOGE. Tesla stock plunged 33%, wiping out $448.3 billion in value, as public backlash soared. Musk’s bold role in Washington brought influence and controversy, helping SpaceX, XAI, and X (formerly Twitter), but hurting his image. With rising disapproval and pressure from investors, Musk is now stepping back from government work. This powerful and personal shift raises questions about what’s next for Tesla and Musk’s empire. Here’s the full story behind the money, politics, and fallout
'100 days of destruction': Elon Musk's alliance with Trump cost him $113,000,000,000 as he nears 130-day DOGE stint
Elon Musk is stepping back from his role in the Trump administration's cost-cutting team, DOGE, amidst Tesla's earnings plunge. His involvement granted unprecedented access and influence, benefiting SpaceX and X, formerly Twitter. However, Tesla faced backlash, with a significant stock drop and protests. Musk's departure raises questions about the sustainability of DOGE's cost-saving measures and his future advisory role. Elon Musk lost 25 percent of his wealth after he joined DOGE.
Is Elon Musk tearing down the agency that helped build Tesla? DOGE targets the Department of Energy
Fifteen years ago, a US Department of Energy loan of $465 million rescued Elon Musk's struggling Tesla, enabling factory acquisition and Model S development. Now, Musk's team, within the Trump Administration's DOGE, targets the DOE for drastic cuts. This initiative has led to significant staff layoffs and project cancellations by companies like Kore Power and PG&E.
Is New York turning against Tesla? Lawmakers push to shut down Elon Musk’s dealerships
New York legislators plan to shut down Tesla's dealerships. A bill aims to remove a waiver allowing Tesla's direct sales. Senator Patricia Fahy, once a Tesla supporter, now leads the opposition. Her shift stems from Elon Musk's political ties. She cites his involvement with Donald Trump's administration. The bill is now with Senate and Assembly finance committees.
How was Kristi Noem's swanky Gucci bag which had $3k cash and her passport stolen? Cops give big update on arrests
Two arrests have been made in the theft of a high-end Gucci bag belonging to DHS Secretary Kristi Noem. The primary suspect was arrested in Washington, DC, and is in custody, according to the US Secret Service. USSS said in a Sunday evening news release it made a second arrest in Miami in connection with the theft.
- Go To Page 1
Elon Musk lays groundwork for big donor role in midterm elections as time with DOGE ends
Elon Musk is reportedly scaling back his White House role to focus on becoming a major Republican megadonor for the upcoming midterm elections. Despite facing public disapproval and controversies surrounding his companies, Musk intends to remain an influential advisor to Trump while investing heavily in Republican candidates.
Hoping for & dreaming about a YR4 end
An asteroid, 2024 YR4, once posed a 3.1% threat to heavily populated Indian cities like Kolkata, raising hopes for a communal end. Though the threat has diminished to a mere .001%, and the world remains optimistic, closely monitoring the asteroid's trajectory via the ESA.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Tesla refunds early India bookings signaling entry is near
Tesla is refunding Model 3 reservation fees in India, signaling a potential shift in its market entry strategy after years of high import duty hurdles. Elon Musk's planned visit to India coincides with trade negotiations that could lower automobile tariffs.
Too little, too late: Wall Street traders say Elon Musk’s return to Tesla won’t reverse the damage already done
Elon Musk Tesla comeback is making headlines, but Wall Street traders say the damage is already done. After stepping back from his political spotlight, Musk has promised to refocus on Tesla. Yet, investors remain doubtful. With Tesla’s Q1 2025 earnings missing expectations, revenue down to $19.3 billion, and stock falling 35% this year, many believe it’s too late for a turnaround. From brand damage to falling global sales, the road ahead looks steep.
Elon Musk's DOGE a flop? It caused chaos rather than saving billions for Trump
Tech billionaire Elon Musk has announced he would turn his attention back to the electric vehicle maker but said he would likely still work in government as long as President Trump would have him. An advisory body created by Trump, DOGE was spearheaded by Musk to make the federal bureaucracy more efficient. It has completed 100 days.
Elon Musk backs away from Washington. Why did he face massive criticism over DOGE role and Tesla?
Tesla CEO Elon Musk said Tuesday on his company’s earnings call that he’ll spend much less time with DOGE starting in May. His political involvement has sparked global protests and boycotts against the company's cars. Musk's EV company Tesla has also faced massive protests over his controversial role in the federal government.
'We expected him to...': Trump on why Elon Musk will spend less time at DOGE amid Tesla trouble
Elon Musk recently announced that his time spent running US President Donald Trump's Department of Government Efficiency (DOGE) "will drop significantly" starting in May. His decision came after profits of his electric car company Tesla took a hit. President Trump has now revealed the reason why he had to let go of Elon Musk.
Tesla's EU sales plunge 45% as Elon Musk takes flak
Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration. Musk promptly announced he would scale back his work for the Trump administration in May to focus on Tesla.
Elon Musk steps back from Trump administration: What will happen to DOGE? Here's what to expect
Tesla shareholders are pressuring Elon Musk to resign from his government position at the Department of Government Efficiency (DOGE) and fully dedicate himself to the EV maker. This comes as Tesla's profits plummeted by 71% in the first quarter of 2025. Musk defended his government work, stating its necessity, but indicated a shift back to Tesla starting in May.
Big blow to Elon Musk as Tesla profits crash 71 per cent; Investors seek Donald Trump's adviser's resignation
Tesla reported profits of $409 million, down 71 per cent from the year-ago results, as per a report.
Elon Musk's no-show and why India should consider betting on BYD for its EV future
After Elon Musk's abrupt cancellation of his India trip to prioritize a deal in China, India is urged to diversify its EV strategy. The article suggests embracing BYD, a leading Chinese EV manufacturer, to boost India's EV ambitions and address the trade deficit with China.
Tesla earnings report: Is Elon Musk returning from Trump administration DOGE to manage automaker?
Tesla stock has nearly halved from its December peak. The electric vehicle maker is fighting an enormous public backlash due to Elon Musk’s leadership of a federal government cost-cutting Department of Government Efficiency (DOGE).
Trump's war on the media: A deep dive into his assault on press freedom
Donald Trump is escalating his attacks on mainstream media, branding them as enemies and favoring conservative bloggers. News outlets like CNN, The New York Times, and even the Associated Press face hostility, with the AP barred for using "Gulf of Mexico." Lawsuits against CBS and others, coupled with FCC probes, raise concerns about press freedom.
‘The clock is ticking’: Top analyst Daniel Ives claims Tesla and Elon Musk are nearing a Make-or-Break moment as doubts intensify
Tesla's shares are declining since early 2025. Analysts worry about Elon Musk's leadership. His political role and work with the Department of Government Efficiency (DOGE) are hurting Tesla. Daniel Ives warns of a 'code red' situation. He suggests Musk should leave the government and focus on Tesla. Experts say consumers are reacting negatively.
Elon Musk reacts as X becomes top news app in India
This development comes as Elon Musk’s interest in India seems to be gaining momentum. After discussions with Prime Minister Narendra Modi, the Tesla boss hinted at an upcoming visit to the country.
Tesla's affordable EV, robotaxis in focus after Musk backlash, competition hurt demand
Tesla remains committed to launching more affordable electric vehicles in the first half of 2025, aiming for a starting price around $25,000. Production will use existing lines to cut costs. Meanwhile, self-driving ride-hailing tests are set to begin in Austin, Texas, by June 2025, despite ongoing investor concerns
Asian markets advance ahead of earnings reports by US tech giants
Asian markets rose Monday while US futures declined ahead of Big Tech earnings amid ongoing trade tensions under Trump. The trade war, weaker dollar, and recession fears unsettle investors. Oil prices fell, and Bitcoin surged. Markets in many regions were closed for Easter, and US economic credibility faced growing skepticism.
Big Tech's "Magnificent Seven" heads into earnings season reeling from Trump turbulence
Big Tech’s “Magnificent Seven” have lost $3.8 trillion in value since Donald Trump’s January 20 inauguration, as tariffs and regulatory actions fuel uncertainty. Tariff threats, antitrust lawsuits, and export bans have battered supply chains and profits, leaving tech giants scrambling to reassure investors during this turbulent earnings season
Tesla shopping for Indian partners; Investor heat on BluSmart
Happy Monday! Tesla wants to broaden its supply chain and source semiconductor chips in India amid the global trade war. This and more in today’s ETtech Morning Dispatch.
Tesla to delay US launch of affordable EV, a lower-cost Model Y, reports
Tesla's plan to launch a more affordable Model Y, internally named E41, faces delays in its U.S. production, now expected to begin months later than initially planned, potentially in the third quarter or early next year. The company aims to produce 250,000 units in the U.S. by 2026.
Is Elon Musk ghosting Tesla? Long time bull Ross Gerber blames EV sales decline on CEO’s shifted focus to other pursuits
Ross Gerber, a Tesla shareholder, is worried. He thinks Elon Musk is not giving Tesla enough attention. Musk seems more interested in X AI. Tesla's stock has fallen this year. Gerber says this is because of Musk's other projects. Tesla's EV sales are also down. Despite his concerns, Gerber still owns Tesla stock for his clients.
Load More
