Ireland's Tax Mirage: Musk's X builds up €240m of tax benefits to cut future tax bills
Ireland's Tax Mirage
Ireland's Tax Mirage: Musk's X builds up €240m of tax benefits to cut future tax bills
Killian Woods
01:00
The movement of more than €7.9 billion worth of intellectual property into Twitter International Company in 2019 was a significant contributor to the surge of IP linked to tech firms in Ireland
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The Irish Sun
2 days ago
- The Irish Sun
Trump says he ‘wasn't happy' with Elon Musk & reveals moment X boss turned on him…but leaves the door open to reconcile
DONALD Trump has said he is "disappointed" with Elon Musk following their public row last week - but has left the door open to making amends with the billionaire. The president made the remarks to Miranda Devine on the debut episode of the New York Post's 4 Trump appears on the new Pod Force One podcast Credit: PodForce1 / Youtube 4 The pair had been showing off their political bromance until their public fall-out Credit: AFP 4 Trump weighs in on whether he might reconcile with Musk Credit: PodForce1 / Youtube While he made it clear "Look, I have no hard feelings," Trump told the podcast. "I was really surprised that that happened. He went after a bill that's phenomenal. "He just — I think he feels very badly that he said that, actually." Most read in The US Sun Musk and Trump's online row ignited last week, with the pair exchanging barbs over social media channels. The Tesla and SpaceX boss blasted Trump's flagship spending bill, which he believes with further balloon the US national debt. Musk He has since expressed regret over "some" of the comments he made during the row. Most read in The US Sun Musk posted on X that some of his comments "went too far". Trump hit back at Musk on Truth Social, suggesting the billionaire is a "big-time drug addict". "I was disappointed in him, but, you know, it is what it is", Trump told the podcast. Trump crushes 'peace talk' hopes with Musk as he insists Elon has 'lost his mind' and 'vows to get rid of his Tesla' "That happens. Things like that happen. I don't blame him for anything. I was a little disappointed." Just days When asked by Devine whether Trump could get back on warmer terms with Musk, the president didn't rule out a reconciliation. He said: "I guess I could, but we have to straighten out the country. "And my sole function now is getting this country back to a level higher than it's ever been. And I think we can do that." Trump added that "Elon agrees" with the merchandised catchphrase "Trump was right about everything". It marks a change of tone from Trump just days after he said Musk had "lost his mind." Devine asked him: "You said he had problems. What kind of problems? I mean, is it the drugs?" "I don't know what his problem is, really. I don't know," Trump replied. "I haven't thought too much about him in the last little while, but the bill is so good." Musk had been one of Trump's most ardent supporters during last year's presidential election. But he hasn't shied away from criticising some of the administration's policies, such as around tariffs. While Musk has backed down from some of his most strident comments about Trump last week, it remains unclear if the pair will fully reconcile. Trump had warned there would be "serious consequences" if Musk financially backed his political opponents. 4 The feud erupted over Trump's 'big, beautiful bill,' which proposed stripping billions in government subsidies from Tesla Credit: AFP
Irish Examiner
2 days ago
- Irish Examiner
‘They went too far': Musk says he regrets some of his posts about Trump
Elon Musk has expressed contrition for some of his tweets about Donald Trump last week, in an apparent effort to retreat from an explosive falling out that has threatened to damage the Tesla boss's business interests. Musk was by far the biggest donor to Trump's presidential campaign, but tensions between the two erupted into public view last week and rapidly escalated, as the world's richest man called for the president's impeachment and mocked his connections to the sex offender Jeffrey Epstein in a series of posts. On Tuesday, Musk posted on X, the social network he owns: 'I regret some of my posts about President @realDonaldTrump last week. They went too far.' The possibility of a rapprochement – however superficial – appeared to be welcomed by investors. Tesla's share price rose by 2.6% in pre-market trading. The public feud was one of the most extraordinary turns in the relationship between the two men. During the presidential campaign, they had claimed to be ideological allies, and Musk briefly served in Trump's government as head of the so-called 'department of government efficiency', a drive to slash government programmes nicknamed 'Doge' after the internet meme. Experts have argued that the cost-cutting is illegal. However, relations quickly soured after Musk publicly criticised Trump's 'big beautiful bill', saying it would add $2.4tn to US government borrowing and calling it a 'disgusting abomination'. Trump had responded to Musk's barrage of criticism by saying the tech billionaire 'went crazy'. However, the president also made direct references to Musk's companies, highlighting the potential financial risks of the feud. In a direct reference to Tesla, Trump wrote on Truth Social, his own social media network: 'I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted.' The electric car pioneer has been struggling with falling sales in some markets, including much of Europe, in part, analysts say, because of Musk's allegiance with Trump. Musk's alignment with the US president had prompted a surge in the market value of Tesla, with investors hoping that the White House would look more favourably at the company's autonomous driving technology. Musk's retreat from the feud came a day before Tesla's launch of a 'robotaxi' service in Austin, Texas. That launch is seen as crucial for the company to justify its position as the world's most valuable carmaker even as it struggles with an ageing lineup of products. Trump also threatened another of Musk's key businesses, the rocket company SpaceX. Trump wrote: 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts.' In practice the US government is unlikely to cancel SpaceX's contracts, as it carries out more strategically important satellite launches than every other company in the world combined. Musk at first threatened to decommission SpaceX's Dragon spacecraft, the key vehicle to transport Nasa astronauts to the International Space Station, before withdrawing the threat. - The Guardian Read More World Bank sharply downgrades forecast for global economic growth to 2.3%
RTÉ News
2 days ago
- RTÉ News
Tesla's public robotaxi set for tentative June 22 start, CEO Musk says
Tesla tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk has said, as investors and fans of the electric vehicle maker eagerly await rollout of the long-promised service. Musk has staked Tesla's future on self-driving vehicles, pivoting away from plans to build a cheaper EV platform, and much of the company's valuation hangs on that vision. But commercialising autonomous vehicles (AV) has been challenging with safety concerns, tight regulations and soaring investments, and many have been skeptical of Musk's plans. "We are being super paranoid about safety, so the date could shift," Musk said in a post on X in response to a question from a user about public robotaxi rides that the EV maker plans to first offer in Austin, Texas. Musk also said starting June 28, Tesla vehicles will drive themselves to a customer's house from the end of the factory line. A successful robotaxi launch is crucial for Tesla as sales of its EVs have softened due to rising competition and a backlash against Musk's embrace of far-right political views in Europe, and his recent work for US President Donald Trump before their public falling out. Musk has promised a paid robotaxi service in Austin starting with about 10-20 of its Model Y SUVs that will operate in a limited area and under remote human supervision. The company then plans to expand operations to other US states later in the year, including California which has stringent AV regulations. Tesla has been testing its self-driving vehicles on public streets in Austin, Musk said last month. Musk yesterday re-posted a video on X that showed a Model Y making a turn at an Austin intersection with no human driver and the word "Robotaxi" written on it, and followed closely by another Model Y. The vehicles were using a new version of Tesla's advanced driver assistance software, called Full Self-Driving (FSD), Musk said in a separate X post. Little else is known about Tesla's robotaxi service, including where it will operate, the extent of remote supervision and how the public can use the service.
