logo
Elon will lose fight with Trump, Musk's father tells Russia

Elon will lose fight with Trump, Musk's father tells Russia

Yahoo09-06-2025
Credit: Tsargrad TV
Elon Musk will lose his fight with Donald Trump and made a 'mistake' by challenging him, his father has said.
Speaking at a political conference in Moscow, Errol Musk claimed his billionaire son was suffering 'PTSD from the White House' and blamed his row with the US president on 'stress'.
'Trump will prevail – he's the president, he was elected as the president. So, you know, Elon made a mistake, I think. But he is tired, he is stressed,' he told Russian media.
Last week, Elon Musk and Mr Trump traded insults after the Tesla chief executive denounced the president's sweeping new tax and spending Bill as 'a disgusting abomination'.
He also called for the president's impeachment and claimed the Republican was 'in the Epstein files' – US government intelligence documents on Jeffrey Epstein, the late paedophile financier.
In response, Mr Trump threatened to cancel US government contracts with Mr Musk's companies, which include SpaceX.
Errol Musk told Izvestia, a Russian daily newspaper: 'You know they have been under a lot of stress for five months – you know – give them a break.
'They are very tired and stressed, so you can expect something like this.'
Despite the pair's war of words, Mr Musk said he still believed his son's relationship with the president could be mended, describing the row as 'just a small thing' that would 'be over tomorrow'.
He made the comments during an appearance at Future Forum 2050, a conference attended by Kremlin heavyweights and led by Alexander Dugin, a Russian ultra-nationalist philosopher often described as Vladimir Putin's 'brain'.
Errol Musk was also pictured sitting next to Sergei Lavrov, Russia's foreign minister. At one point he praised Putin as a 'very stable and pleasant man' and blamed Western media for projecting 'nonsense' about Russia.
It came as Stephen Bannon, Mr Trump's former chief strategist, claimed that in April Elon Musk had a physical altercation with Scott Bessent, the US treasury secretary, down the corridor from the Oval Office.
Mr Bannon said: 'President Trump heard about it and said: 'This is too much,'' according to The Washington Post. A source told the newspaper that concerns were also raised over Mr Musk's alleged drug use.
Mr Musk, the world's richest man, helped bankroll Mr Trump's 2024 presidential campaign. He was then hired to head the new Department of Government Efficiency, controversially tasked with downsizing the federal workforce and slashing spending.
The tech entrepreneur stepped back from the role late last month, ending a turbulent 130-day stint in the administration.
On Saturday, the US president said his relationship with Mr Musk was over, and warned there would be 'serious consequences' if Mr Musk switched his allegiance to the Democrats and funded rival candidates.
Credit: Reuters
Delighting in the row, Russian MPs have offered political asylum to the South African-born businessman.
Last week, Dmitry Novikov, the deputy chairman of the state Duma committee on international affairs, said Moscow would welcome him to the country 'if he needs it'.
Senior Putin allies have also mockingly offered to help mediate between the two men.
'We are ready to facilitate the conclusion of a peace deal between D and E for a reasonable fee and to accept Starlink shares as payment. Don't fight, guys!' said Dmitry Medvedev, the former Russian president, referring to Mr Musk's satellite internet network.
Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Thinking of Buying Tesla Stock? Here Are 2 Red Flags to Watch
Thinking of Buying Tesla Stock? Here Are 2 Red Flags to Watch

Yahoo

time12 minutes ago

  • Yahoo

Thinking of Buying Tesla Stock? Here Are 2 Red Flags to Watch

Key Points Tesla's heavy reliance on Elon Musk adds significant leadership risk. Increasing competition from established automakers and Chinese EV makers is pressuring Tesla's dominance. Investors need to be comfortable with Tesla's high valuation. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) has long been the front runner in the electric vehicle (EV) revolution in the U.S. Its innovation, brand strength, and rapid growth have made it a favorite among investors. Yet, despite its impressive track record, there are two big risks that investors should carefully consider before buying Tesla stock today. 1. The Elon Musk factor Elon Musk's leadership is often cited as Tesla's greatest strength -- and, paradoxically, one of its most significant vulnerabilities. Musk's vision and hands-on approach have driven Tesla's technological breakthroughs and ambitious expansion. However, this heavy reliance on a single individual introduces what investors refer to as "key man risk." If Musk were to step back from daily operations or shift his focus to other projects, Tesla might face challenges in maintaining its momentum. Though Tesla's management team has grown stronger, few executives command the same vision, drive, and public attention as Musk. Recently, Musk's increasing involvement in political activities has raised concerns about potential distractions or reputational risks for Tesla. While the company has remained operationally strong, these developments underscore the uncertainty around its future leadership continuity. While Tesla's success lies not only with Musk but also with his team, which has executed well on his vision -- no one can build a trillion-dollar company alone -- there is still no clear successor (or a viable management team) . The silver lining here is that the Tesla board has become more serious about finding one in recent months, largely due to the CEO's active involvement in politics. For investors, this means that Tesla's fortunes remain closely tied to Musk's presence and decisions -- a factor that adds a layer of risk to the investment. 2. Intensifying competition Tesla might have been an early mover in the EV industry, but its dominance is no longer guaranteed. The industry landscape is rapidly evolving, with legacy automakers and new entrants accelerating their electric ambitions. Companies like Ford and General Motors are aggressively expanding their EV lineups. For instance, Ford plans to introduce a $30,000 midsize truck by 2027. That price is significantly lower than the average for an EV, and Ford is investing $5 billion in its EV production to make it happen. GM, on the other hand, is working hard on next-generation battery technologies to improve range, charging performance, and cost. Meanwhile, Chinese manufacturers such as BYD are growing their international footprints, particularly in Europe, where Tesla experienced a nearly 27% sales declinein July 2025. BYD's battery technology, government support, and competitive pricing make it a formidable challenger. In addition, a host of EV start-ups are innovating in battery tech, autonomous driving, and new business models, further intensifying competition. While Tesla is not sitting still -- it is working on becoming the lowest-cost producer by cutting prices to grow sales volume and achieve economies of scale -- there is no guarantee that it can maintain its market share over time. In short, it's no longer the only player in town. What does this mean for investors? Tesla's story remains compelling: It's a pioneer with a powerful brand, innovative products, and potential optionality with some of its long shot bets (robotaxi, humanoid robots, etc). But the key man risk surrounding Musk and the escalating competitive landscape are real concerns that investors can't ignore. If Tesla continues to innovate more rapidly than its rivals, the company could sustain its growth trajectory. However, any leadership changes or slips in market position could hurt the business and its share price. While these two risks don't necessarily call for the sale of the stock, they do mean that investors should think carefully before buying the stock today. Tesla stock trades at a significant premium valuation to other carmakers. For perspective, Tesla has a price-to-sales (P/S) ratio of 12.9, compared to GM's 0.3. Unless you're comfortable with the risks and the high valuation, buying the stock today may not be a prudent decision. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $467,985!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $44,015!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $668,155!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of August 13, 2025 Lawrence Nga has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends BYD Company and General Motors. The Motley Fool has a disclosure policy. Thinking of Buying Tesla Stock? Here Are 2 Red Flags to Watch was originally published by The Motley Fool

7 European leaders to join Zelensky in White House meeting Monday
7 European leaders to join Zelensky in White House meeting Monday

UPI

time12 minutes ago

  • UPI

7 European leaders to join Zelensky in White House meeting Monday

1 of 2 | European Commission President Ursula von der Leyen welcomes Ukrainian President Volodymyr Zelensky before a meeting in Brussels, Belgium, on Sunday. Photo by Olivier Hoslety/EPA Aug. 17 (UPI) -- Seven European leaders will join Ukrainian President Volodymyr Zelensky for talks with U.S. President Donald Trump on Monday in a bid to end the war against Russia. Zelensky and Trump announced the meeting on Saturday. On Sunday, it was disclosed they will be joined by British Prime Minister Keir Starmer, French President Emmanuel Macron, German Chancellor Friedrich Merz, Italian Prime Minister Giorgia Meloni, Finnish President Alexander Stubb, European Commission President Ursula von der Leyen and NATO Secretary General Mark Rutte. Zelensky last saw Trump in the White House on Feb. 23. During the contentious meeting, Trump accused Zelensky of "gambling with World War III" and being "disrespectful" to the United States. Plans for a cease-fire and a news conference were called off. Two months later, the two leaders met amicably when they went to the funeral for Pope Franic at the Vatican on April 26. Zelensky and von der Leyen met in Brussel, Belgium, on Sunday, joining a "coalition of willing," who are Ukraine's main European allies, in a video conference. European leaders on Saturday signed a joint statement that, "as President Trump said, 'there's no deal until there's a deal.' As envisioned by President Trump, the next step must now be further talks, including President Zelenskyy, whom he will meet soon." In addition to the attendee's of Monday's meeting in Washington, the statement was signed by European Council President Antonio Costa and Polish Prime Minister Donald Tusk. The leaders of the Nordic-Baltic Eight -- Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden -- said in a statement that there should be "no decisions on Ukraine without Ukraine and no decisions on Europe without Europe." Trump posted Sunday morning on Truth Social "BIG PROGRESS ON RUSSIA. STAY TUNED." Minutes earlier, he also criticized the media in two posts, writing that "if I got Russia to give up Moscow as part of the Deal, the Fake News, and their PARTNER, the Radical Left Democrats, would say I made a terrible mistake and a very bad deal. That's why they are the FAKE NEWS! Also, they should talk about the 6 WARS, etc., I JUST STOPPED!!! MAGA." Earlier, he wrote that "it's incredible how the Fake News violently distorts the TRUTH when it comes to me. There is NOTHING I can say or do that would lead them to write or report honestly about me. I had a great meeting in Alaska on Biden's stupid War, a war that should have never happened!!!" It had been more than 24 hours since he posted about the war in Ukraine. After speaking with Zelensky and European leaders following his meeting with Russian President Vladimir Putin on Friday in Alaska, he wrote that "it was determined by all that the best way to end the horrific war between Russia and Ukraine is to go directly to a Peace Agreement, which would end the war, and not a mere Ceasefire Agreement, which often times do not hold up." This stance shifted to an end to the 3 1/2-year-old war that began with Russia's invasion of the sovereign nation. Zelensky was not invited to the summit with the two leaders. CNN reported Trump told the Europeans he wants a summit among himself, Putin and Zelensky on Friday if talks go well on Monday with Ukraine's leader. Information from Putin and Trump has been light on details. They spoke to reporters for a total of 12 minutes and took no questions on Friday. They didn't mention whether Russia or Ukraine will give up land acquired during the war. The three-on-three meeting included Secretary of State Marco Rubio, who also is Trump's national security adviser, as well as Trump's special envoy Steve Witkoff. "The point was that we began to see some moderation in the way they're thinking about getting to a final peace deal," Witkoff said in an interview with Jake Tapper on CNN's State of the Union. "We made so much progress at this meeting with regard to all the other ingredients necessary for a peace deal that we, that President Trump pivoted to that place." Putin spoke about "land swaps" during the meeting, Witkoff said. Witkoff said that Putin discussed land swaps during their meeting, but did not go into specifics beyond that Putin now suggesting swaps occur at the current front lines rather than the administrative boundaries of at least some of the regions. "The Russians made some concessions at the table with regard to all five of those regions," Witkoff said. "Hopefully, we can cut through and make some decisions right then and there." The Trump administration has said it is up to Zelensky to accept a deal, and noted that Zelensky has opposed land swaps. Trump told the European leaders that Putin insists Ukraine allow Russia to totally control the Donbas region in Eastern Ukraine where intense fighting has taken place since 2022, two sources told The New York Times. In exchange, he would freeze the current front lines elsewhere in Ukraine -- the regions of Kherson and Zaporizhzhia -- and promised not to attack Ukraine again or other European nation. Putin wants Ukraine to withdraw from Donetsk, which represents 30% of the eastern region. Russia had partially seized the Donbas in 2014 when the nation annexed the Crimean peninsula and captured key areas of the region in 2022. Witkoff also said Putin agreed to allow a collective defense provision for Ukraine in a peace deal. For the first time, Witkoff said Putin offered a version of NATO's Article 5 provision -- that the groups members will come to the defense of an ally under attack -- with Ukraine, but without involvement from NATO. "We got to an agreement that the United States and other European nations could effectively offer Article 5-like language to cover a security guarantee," Witkoff said on CNN. "Putin has said that a red flag is NATO admission," Witkoff said. And so what we were discussing was assuming that that held, assuming that the Ukrainians could agree to that and could live with that - and everything is going to be about what the Ukrainians can live with - but assuming they could, we were able to win the following concession that the United States could offer Article 5-like protection." Putin hasn't spoken directly about aspects of a possible peace deal. Zelensky thanked the European nations' support since the beginning of the war in February 2025, and said "sanctions show we are serious." "We need real negotiations, which means they can start where the front line is now," Zelensky said at a news conference with the EU's von der Leyen. "The contact line is the best line for talking [...] Russia is still unsuccessful in Donetsk region. Putin has been unable to take it for 12 years, and the Constitution of Ukraine makes it impossible to give up territory or trade land. "Since the territorial issue is so important, it should be discussed only by the leaders of Ukraine and Russia and the trilateral Ukraine-United States-Russia. So far, Russia gives no sign that trilateral will happen, and if Russia refuses, then new sanctions must follow." Zelensky said he wanted more clarity on the "security guarantees" from Trump. Unlike Trump, Zelensky has urged a ceasefire before a peace deal. "First we have to stop the killings," Zelensky said. "Putin has many demands, but we do not know all of them, and if there are really as many as we heard, then it will take time to go through them all. "It's impossible to do this under the pressure of weapons. So it's necessary to cease-fire and work quickly on a final deal. We'll talk about it in Washington. Putin does not want to stop the killing, but he must do it," the Ukrainian president said. Von der Leyen, noting Ukraine must become a "steel porcupine, undigestible for potential invaders," said there must be no limitations on Ukraine's military. "We must have strong security guarantees to protect both Ukraine and Europe's vital security interests. Ukraine must be able to uphold its sovereignty and its territorial integrity," she said. Situation in Ukraine Russia continued aerial attacks overnight with five people dead and at least 11 injured in Ukraine's Donetsk, Kharkiv and Kherson regions, local authorities said. Russia launched 60 long-range drones and one ballistic missile, according to Ukraine's Air Force, as 40 other drones were downed by Ukrainian defenses. Russia's Ministry of Defense said 46 drones were intercepted from Ukraine. One person was injured in Russia's Voronzh region from debris, the local governor said. In central Kyiv at a market, the BBC reported few people were hopeful about the meeting on Monday. "The signs don't tell us about good expectations for tomorrow," said 35-year-old Iryna Levchuk while picking fruit and with her dog Susy, rescued from the frontline city of Kherson. Regarding a land swap, Dmitril said: "This won't work -- none of this will work. You've got to explain to the people that they need to negotiate with the terrorists."

More than 700 National Guard troops from 3 GOP-led states will be deployed to DC to bolster Trump crackdown
More than 700 National Guard troops from 3 GOP-led states will be deployed to DC to bolster Trump crackdown

New York Post

time13 minutes ago

  • New York Post

More than 700 National Guard troops from 3 GOP-led states will be deployed to DC to bolster Trump crackdown

Three Republican-led states will be deploying hundreds of National Guard members to Washington, DC, to bolster President Trump's crackdown on crime and homelessness in the nation's capital. West Virginia will be sending up to 400 troops, South Carolina has pledged 200 and Ohio will dispatch 150 in the coming days, the three states announced on Saturday. 'We stand ready to support our partners in the National Capital Region and contribute to the collective effort of making our nation's capital a clean and safe environment,' Maj. Gen. Jim Seward of the West Virginia National Guard said. The Mountain State's governor, Patrick Morrisey, added: 'West Virginia is proud to stand with President Trump in his effort to restore pride and beauty to our nation's capital,' adding that the mission 'reflects our shared commitment to a strong and secure America.' Three Republican-run states are sending an additional 750 National Guard personnel to Washington DC. AP South Carolina Gov. Henry McMaster announced the deployment of 200 National Guard personnel from the Palmetto State to DC, but said the troops could be recalled in the event of a major national disaster such as a hurricane. He said the deployment was part of Trump's efforts to restore law and order in Washington, and in response to a request from the National Guard Bureau at the Pentagon. Ohio Gov. Mike DeWine, meanwhile, said he was sending 150 military police officers to support the DC National Guard. It follows protests in the capital on Saturday. Getty Images 'These Ohio National Guard members will carry out presence patrols and serve as added security,' he said in a statement. None of the members — who are expected to arrive in DC within the coming days — are currently serving as law enforcement officers within the Buckeye State, DeWine said. The deployments of 750 troops from the three states would bring the total number of National Guard personnel within the capital to over 1,450. So far, National Guard members have played a limited role in the federal intervention. Troops have been spotted patrolling landmarks such as the National Mall and Union Station, as well as assisting law enforcement with tasks such as crowd control. With Post wires

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store