Bulwark editor: Musk may ‘look back with regret' on time in the White House
Trump gave Elon Musk a supposed final sendoff in the Oval Office yesterday, where he stressed his work on DOGE would continue in his absence. Eugene Robinson and Sam Stein join The Weekend to discuss the legacy Musk leaves behind.
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New York Times
16 minutes ago
- New York Times
Canada coach Jesse Marsch condemns U.S. treatment, ‘lack of respect' for Ukraine
Canada men's national team coach Jesse Marsch offered his support for Ukraine and the Ukrainian national team on Friday while also taking aim once again at United States President Donald Trump. 'As an American, the treatment that we have given the President of the Ukraine and the lack of respect really bothers me. Without having to know what it's like to go through something like what these players, this coach and this federation has been through, I am just really excited to be able to show our support,' Marsch said in his opening remarks at a Friday morning event with the Canada Ukraine Foundation. Advertisement Marsch is likely referencing a tense and fiery exchange between Trump and Ukraine President Volodymyr Zelenskyy on Feb. 28 that made global headlines. Marsch has previously taken aim at Trump, saying in February that Trump should 'lay off the ridiculous rhetoric about Canada being the 51st state; as an American, I'm ashamed of the arrogance and disregard we've shown one of our historically oldest, strongest and most loyal allies.' Due to the Russian invasion, the Ukrainian national team is required to play its matches in neutral venues. 'If you think about the challenges that the players from Ukraine have been through, they haven't played a home match in several years, they've had to play World Cup qualifiers on foreign soil, they've had players playing professionally and internationally with the concern of the safety of their country and their family and their friends,' Marsch said. 'In general, the ability for us to have empathy and sympathy for everything that their team, their nation, their team, their players have gone through is really important at a time like this.' Ukraine's upcoming home matches in UEFA Group D of 2026 World Cup qualification do not yet have a location. 'As the Canadian national team coach, to show how much we are behind them, we are with them, that we want to do everything we can,' Marsch said, noting that one of the beauties of international football is that it 'can take on so much more than what the sport is.' Ukraine is in Toronto to play Canada in the Canadian Shield friendly tournament on Saturday. Ukraine will play its second match of the Canadian Shield friendly tournament on Tuesday against New Zealand, while Canada plays Ivory Coast also on Tuesday. 'It's really a pleasure and an honour to show that friendship and respect are at the core of everything we try to do in this sport,' Marsch said.
Forbes
19 minutes ago
- Forbes
More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says
A pessimistic prediction for Tesla sales from Goldman Sachs added further fuel to the Tesla fire, as the unraveling relationship between Tesla CEO Elon Musk and his former close ally President Donald Trump plays out publicly, accelerating Wall Street's concerns about the increasing exposure of Tesla to Musk's outspoken politics. Elon Musk has alienated 'multiple sides of the political spectrum' from Tesla, according to one ... More prominent Wall Street analyst. In a late Thursday note to clients, Goldman Sachs analysts led by Mark Delaney slashed their forecast for second-quarter Tesla vehicle deliveries to 365,000, far below consensus analyst forecasts of 405,000, according to FactSet. That would be an 18% decline from the same period last year, equating to by far the weakest quarterly deliveries growth since at least 2015, the extent of quarterly delivery data available on Tesla's investor relations website. It's another knock for Tesla as analysts warn this week's quarrel between Musk and the president, who Musk donated $288 million last year to help elect alongside other Republican candidates, could further weigh on Tesla, which is already grappling with declining brand sentiment on the left, historically the base for EV purchasers. This disagreement 'could potentially (temporarily) alienate multiple sides of the political spectrum," warned Morgan Stanley analyst Adam Jonas in a Friday note. Tesla stock bounced back Friday, gaining 6% by early afternoon as part of a broader rally. That only recovered a small portion of Thursday's historic loss, as the Musk-led firm's share price is down 9% since Wednesday. The Musk-Trump division "clearly raises the degree of [near-term' uncertainty' for Tesla, according to TD Cowen analyst Itay Michaeli. Amid the kerfuffle, Trump threatened to cancel all of the federal government's contracts with Musk's portfolio of companies. That would likely impact the private aerospace and communications firm SpaceX far more than Tesla, which does not rely on government contracts for a significant portion of its revenues, but there is a way Trump could target Tesla's bottom line directly. Trump could restrict Tesla's ability to sell its automotive regulatory credits, according to Morningstar strategist Seth Goldstein, referring to the essentially free profit Tesla gets from selling its emissions credits to gas-powered automakers. That could dramatically reduce Tesla profits, as it reported $595 million in those regulatory credits compared to a $934 million net income during 2025's first quarter, meaning the credits directly contributed about two-thirds of its net profit. Since Musk announced his purchase of Twitter (now X) in 2022, Tesla stock has frequently faced downward pressure as its top decisionmaker and shareholder Musk became increasingly outspoken on politics to much controversy. Musk endorsed Trump in July and rose to become perhaps the most prominent and powerful figure in the early days of Trump's second administration, though the perceived impact of Musk's buddying up to Trump turned negative this year as sales globally for the automaker tumbled. In a further sign of fray in the relationship between Musk and Trump, the president has decided to sell his Tesla Model S, according to the New York Times. Tesla is expected to report its Q2 delivery numbers July 2.
CNN
26 minutes ago
- CNN
WH official responds to Elon Musk's criticism of Trump's major bill
White House Economic Adviser Stephen Miran talks with CNN's Wolf Blitzer about the May jobs report and reacts to Elon Musk's criticism of Trump's tariff and legislative agenda.
