Tesla

The drive toward electric cars has been a disaster

Just two years ago, Mary Barra, chief executive of General Motors, declared: “We believe in an all-electric future.” She went on to claim that the challenges her company was facing in the EV market were merely temporary bumps on the road to net zero. But as Bob Dylan famously observed, things have changed. On January 8, GM announced it would take a $7.1 billion hit in charges against its earnings, of which $6 billion is due to Barra’s failed EV strategy. In a filing with the SEC, the company also warned that it would take more write-downs this year as part of a “strategic realignment of EV capacity.” The car companies made 5.4 million EVs in three years – and incurred an astonishing $20,887 loss on each one GM’s move came less than a month after Ford Motor Co.

Why you need Big Balls

Big nicknames come with big responsibilities. And the owner of one of the mightiest monikers – Big Balls – feels the weight of his own obligations keenly. In a rare interview, Edward Coristine spoke about how his family fled to America from Russia after his grandfather was executed for spying for the US. Valery Martynov was a KGB officer who was recruited by the FBI in the early 1980s. He passed Soviet secrets to his American handlers until he was exposed by Aldrich Ames and Robert Hanssen, two of the most notorious traitors in US history.  Recalled to Moscow under false pretenses, Martynov was arrested and executed in 1987. His widow and children eventually sought refuge in America.

Big Balls

Larry Ellison briefly eclipses Elon Musk

Something happened in the news yesterday that was so monumental, it may change the course of American history forever. I’m talking, of course, about the fact that, very briefly, Oracle’s Larry Ellison overtook Elon Musk to become the World’s Richest Man. Larry Ellison life goal, unlocked.After Oracle’s earnings report yesterday, the stock shot through the roof, and Ellison owns 40 percent of the company. That must have been some earnings report! On the earnings call, Ellison said that his Oracle AI chatbots, run from his Oracle computing centers, are on the verge of being able to run the stock market, design drugs, fully operate factories and provide basic legal and sales services at companies. Foolish humans, you are an inconvenience.

Larry Ellison

Elon Musk is in exile

Elon Musk is in exile. He’s forgotten by friends, embattled by enemies. He now quietly (for him) goes about his business, fighting non-government battles after those strange few months he spent standing behind the President’s desk with his toddler son X, who punched Musk in the face while he was seemingly running the country. Musk’s fate is a case study in what happens when Donald Trump rolls up the red carpet. Trump operated his first term as President more like a season of The Apprentice and less like an administration. It was a revolving door of exile. Reality-show worthy characters like Omarosa Manigault Newman and Anthony Scaramucci came and went with drama that fell just short of an episode-ending boardroom ceremony.

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Trump should buy Hooters

In the wake of the US government taking on a 10 percent equity stake in Intel, Commerce Secretary Howard Lutnick is floating the idea of the government investing in defense companies like McDonnell Douglas. “If we are adding fundamental value to your business, I think it’s fair for Donald Trump to think about the American people,” he said. When this news broke last week, Kentucky Senator Rand Paul, the last true living conservative, told Politico, “If conservatives endorse this now, they hand Democrats a blueprint to expand government ownership over the private sector later. Socialism is literally government control of the means of production.” Sure Rand.

Hooters

The Trump-Elon bromance is over

The Elon-Trump bromance may have breathed its last today, with their relationship descending into a social-media flame war – on their respective apps, of course. The source of the discord is Musk's opposition to the "Big, Beautiful Bill" presently being debated in the Senate, which, among other things, does not codify the cuts his Department of Government Efficiency had made since Trump's inauguration. The bill also strips away Biden-era tax credits for consumers who purchase electric vehicles, which had been benefiting Musk's firm Tesla. Musk took his grievances to his over 200 million X followers and, let's face it, everyone else on the app too. On Tuesday Musk wrote, "I’m sorry, but I just can’t stand it anymore.

elon maga

Why you should fear the post-DoGE right

Elon Musk’s departure from Washington was celebrated by many in the media. In the space of just a few years they had transformed him from a “Yay Science!” rocket-building Tony Stark stand-in doing awkward cameos on Rick and Morty into a crazed inhuman boogeyman, whose cars must be keyed, firebombed or layered with bumper stickers saying, “I bought this before Elon was a Nazi.” (Before you say that’s an exaggeration, there’s literally a Tesla with that sticker in my neighborhood – you can buy them on Etsy.

doge musk elon

Trump bids Elon ‘the DoGEfather’ farewell

Sporting a black eye and a shirt with the words "The DoGE Father" on the chest, Elon Musk joined President Trump in the Oval Office Friday afternoon to announce the formal departure from his role in the Department of Government Efficiency. While Musk will no longer be a special government employee and will direct his workday back to his several companies, the world's richest man will remain a "friend and advisor" to the President when needed. "Today it's about a man named Elon, and he's one of the greatest business leaders and innovators the world has ever produced," Trump said, opening the press conference.

Elon Musk and Trump in Oval Office doge

Exclusive: my son Elon and Trump are right about the ‘white genocide,’ says Errol Musk

Elon Musk stood silently in the Oval Office, eyeballing the South African President while Donald Trump tore into the ANC leader for permitting “white genocide.” The exiting Department for Government Efficiency (DoGE) chief said nothing as the President dimmed the lights and required an unsuspecting Cyril Ramaphosa to watch a short film about white farmers being targeted and South African politicians chanting “kill the farmer.”As Donald Trump berated Ramaphosa, Trump didn’t call on Musk, standing just a few feet away. He didn’t need to intervene: according to Elon’s father, Errol Musk, his son – an outspoken critic of Ramaphosa's government – had already briefed the President about what he agrees is “white genocide”.

Will Jeff Bezos steal Elon Musk’s electric crown with a $20,000 truck?

Though it got somewhat lost in our daily swirl of World In Crisis, last week marked a potentially significant moment in American industry: the formal introduction of a new, low-cost US-based car company. This company is called Slate, mercifully no relation at all to the online magazine. The startup, significantly backed by Jeff Bezos, last week pulled the sheet off a $27,000 fully electric pickup truck, which should be available by the end of 2026.The Slate Truck is significant for what it doesn’t have. The body is plastic, the manually adjustable seats cloth and it lacks electric windows. The driver will operate the windows with a manual crank. It has two doors, a 4x5 bed and black painted steel wheels. It comes in basic gray.

Bezos

Black Mirror season seven offers a welcome return to form

Charlie Brooker’s cautionary technological tales have now been running for well over a decade, and they are almost in danger of seeming old-fashioned. When Black Mirror began in 2011, Instagram was only a few months old, the iPhone was a new novelty just coming into the mainstream, and Elon Musk was best known for being CEO of Tesla. Now, virtually everything in the world has changed, and Big Tech plays roles in our lives that the ever-cynical Brooker could barely have imagined. There is, naturally, a residual irony that in order to afford the budgets – and starry casts – that the show continues to demand, it long since left its original home on Britain’s Channel 4 for the deeper-pocketed Netflix, which still funds it into its seventh series.

black mirror

The war on Tesla

“Don’t buy Tesla! Don’t buy Tesla!” protesters were chanting in front of the brand’s showroom in my neighborhood in the northwest of Austin, Texas, at 10:30 on a Saturday morning. The anti-Tesla resistance – “nonviolence division” – was making a stand in the city where the company has its headquarters. Somewhere between 100 and 200 people waved US flags and carried signs. “Elon: You’re Fired,” read one of them. “Deport Nazi Musk,” said another. “When you ride with Tesla, you ride with Hitler,” one proclaimed. I saw as many swastikas as I’d expect to see at an actual Nazi rally. But these were resistance swastikas, I was told, so that made them acceptable. The protesters circled the Tesla dealership but didn’t actually enter company property.

Who really makes up the ‘Resistance?’

As soon as reports began appearing from last Saturday’s massive “Hands Off” protests in the United States, the usual right-wing canards began to pop up as well: doctored photos, overstated crowds and, most stereotypically, professional paid protesters. Tweet after tweet showed the usual Craigslist ad, offering $200 for anyone who’d be willing to stand around with a placard for a couple of hours. No one would argue that there’s a professional protest infrastructure in the United States, and that if you followed the money trail, you could trace a lot of the funding back to the kinds of NGOs that the government is trying to defund and shut down. The sinister invisible hand of the Soros family is dipping in there somewhere.

resistance

Has King Trump lost his jester?

The most important man in the palace of King Donald Trump looks set to leave the court. According to several media outlets, the President has told both his inner circle and the wider cabinet that Elon Musk will be stepping back in the coming weeks from his role in dismantling major parts of the federal government. There were obvious difficulties and time constraints from the outset when Musk started running the new Department for Government Efficiency. A person can only serve as a “special government employee” for a period of 130 days each year – time that is dwindling fast, as we approach the 100-day mark of Trump’s second term. There are also strict rules around conflicts of interests, of which Musk risks having many given all his business operations.

jester

So long, Elon?

What with all the Rose Garden theatrics of “Liberation Day” and Donald Trump’s wild decision to tariff most of Planet Earth at once, Politico’s big “Musk will leave” scoop quickly sank down the news agenda. That’s partly because it wasn’t really a scoop at all. Elon Musk has said repeatedly that his role in the White House is only temporary. His status as a “special government employee,” which exempts him from some ethics and conflict-of-interest rules, is only meant to last 130 days and so his contract, such as it is, is likely to expire in late May or early June. Musk confirmed to Fox News last week that he was not in government for the long term while President Trump told reporters on Monday: “I think he’s amazing, but he’s got a big company to run...

The age of the strongman, Tesla under attack & matinee revivals

From our UK edition

35 min listen

This week: welcome to the age of the strongman ‘The world’s most exclusive club… is growing,’ writes Paul Wood in this week’s Spectator. Membership is restricted to a very select few: presidents-for-life. Putin of Russia, Xi of China, Kim of North Korea and MBS of Saudi Arabia are being joined by Erdogan of Turkey – who is currently arresting his leading domestic political opponent – and Donald Trump, who ‘openly admires such autocrats and clearly wants to be one himself’. ‘This is the age of the strongman,’ Wood declares, ‘and the world is far more dangerous because of it.’  Despite their bombast, these ‘are often troubled characters’, products of difficult childhoods.

I’m ready to defend my Tesla from the mob

From our UK edition

Occitanie, France In France, burning cars is practically a national sport. Almost 1,000 were set on fire on New Year’s Eve, the annual festival of vehicle incineration. Brand specificity has not traditionally concerned the anarchists, but as Elon Musk has emerged as Donald Trump’s favourite apprentice, Teslas have become the target for left-wing mobs. Tesla owners like me are nervous.  At the Tesla centre in Toulouse a dozen cars, worth €700,000 in total, were destroyed The Tesla centre in Toulouse, where I picked up my own Model Y car in more innocent days, was stormed this month by the previously unheard-of Information Anti- Autoritaire Toulouse et Alentours. A dozen cars, worth a total of €700,000, were destroyed.

Trump’s Tesla stunt won’t help Musk

From our UK edition

Tesla’s share price has halved, sales have slumped, boycotts are being organised and Chinese rivals are ready to steal the market. It has been a rough few weeks for the electric vehicle manufacturer, but Tesla's CEO Elon Musk has been handed a lifeline by Donald Trump: the US president gave his full-backing to the company by buying one of its cars. Heck, he might even have used his own money. There is just one snag: Trump’s high-profile support will make things worse for Tesla, not better. Outside the White House yesterday, Trump chose from five shiny new Teslas. A day earlier, Trump had posted on his Truth Social feed that ‘radical left lunatics’ were trying to damage the business and that its boss has been ‘penalised for being a patriot’.

Trump and Elon’s White House Tesla auto show

So Donald Trump and Sean Hannity are each springing for a Tesla. It shouldn’t prove much of a hit to their respective wallets, seeing as how each has amassed a not insubstantial fortune thanks to the emergence of the MAGA movement, though Hannity is probably something of a piker next to Trump. Trump went all-in: “Elon Musk is ‘putting it on the line’ in order to help our Nation, and he is doing a FANTASTIC JOB! But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World’s great automakers, and Elon’s ‘baby,’ in order to attack and do harm to Elon, and everything he stand for.

tesla

The battle of the oligarchs

Money and power have rarely been strangers; often nations are made to shudder when the ruling elites battle each other. Britain’s late empire was divided between liberal manufacturers and aristocratic interests, whose conflicts hastened the rise of the Labour Party and the end of empire. In the United States, opposition to powerful trusts defined progressive politics for decades, ultimately laying the basis for the New Deal and a greater scope for government. In the West today we are witnessing a similar divide among the uber-rich class — epitomized by Elon Musk’s embrace of Donald Trump — that is already reshaping politics. Until 2016 the US establishment, both Republican and Democratic, embraced similar views on national security, global trade and multilateral institutions.

oligarchs