Latest news with #ModelS.
The Age
3 days ago
- Business
- The Age
Like Frankenstein on steroids, Musk and Trump both created monsters
Sometimes you're better off letting the children fight. That was President Donald Trump's callous wisdom on looking the other way as the Russians and Ukrainians continue to kill each other. But it might better be applied to Trump's social media spat with Elon Musk. It's hard to think of two puer aeterni who are more deserving of a verbal walloping. Their venomous digital smackdown fulgurated on their duelling social media companies, flashing across the Washington sky. In March, Trump showed off Teslas in the White House driveway and bought a more than $US80,000 red Model S. Now, he says he's going to sell it. Thursday was the most titillating day in the US since the sci-fi classic The Day the Earth Stood Still, when a spaceship landed an alien to warn human leaders to stop squabbling like children, or the aliens would destroy Earth. On Friday, Trump tried to convey serenity. 'I'm not thinking about Elon Musk,' Trump said aboard Air Force One. 'I wish him well.' But Trump then jumped on the phone to knock Musk, telling ABC's Jonathan Karl that Musk has 'lost his mind' and CNN's Dana Bash that 'the poor guy's got a problem'. Trump had to know that would be seen as a reference to the intense drug use by Musk, chronicled by The New York Times. As Raheem Kassam, one of the owners of Butterworth's, the new Trumpworld boite on Capitol Hill, assured Politico, 'MAGA will not sell out to ketamine'. The Washington Post reported on Friday: 'Across the government, the Trump administration is scrambling to rehire many federal employees dismissed under DOGE's staff-slashing initiatives after wiping out entire offices, in some cases imperilling key services such as weather forecasting and the drug approval process.' On Truth Social on Thursday, Trump threatened to take away government contracts that have handsomely enriched Musk even though, as Leon Panetta pointed out on CNN, 'some of those contracts, particularly on SpaceX, are very important to our national security.' Musk tried to tie Trump to Jeffrey Epstein, offering no evidence. He shared a post on Epstein that said Trump should be impeached. Trump reposted a message from Epstein's last lawyer, saying the smear was 'definitively' not true.
Sydney Morning Herald
4 days ago
- Business
- Sydney Morning Herald
Like Frankenstein on steroids. Musk and Trump both created monsters
Sometimes you're better off letting the children fight. That was President Donald Trump's callous wisdom on looking the other way as the Russians and Ukrainians continue to kill each other. But it might better be applied to Trump's social media spat with Elon Musk. It's hard to think of two puer aeterni who are more deserving of a verbal walloping. Their venomous digital smackdown fulgurated on their duelling social media companies, flashing across the Washington sky. In March, Trump showed off Teslas in the White House driveway and bought a more than $US80,000 red Model S. Now, he says he's going to sell it. Thursday was the most titillating day in the US since the sci-fi classic The Day the Earth Stood Still, when a spaceship landed an alien to warn human leaders to stop squabbling like children, or the aliens would destroy Earth. On Friday, Trump tried to convey serenity. 'I'm not thinking about Elon Musk,' Trump said aboard Air Force One. 'I wish him well.' But Trump then jumped on the phone to knock Musk, telling ABC's Jonathan Karl that Musk has 'lost his mind' and CNN's Dana Bash that 'the poor guy's got a problem'. Trump had to know that would be seen as a reference to the intense drug use by Musk, chronicled by The New York Times. As Raheem Kassam, one of the owners of Butterworth's, the new Trumpworld boite on Capitol Hill, assured Politico, 'MAGA will not sell out to ketamine'. The Washington Post reported on Friday: 'Across the government, the Trump administration is scrambling to rehire many federal employees dismissed under DOGE's staff-slashing initiatives after wiping out entire offices, in some cases imperilling key services such as weather forecasting and the drug approval process.' On Truth Social on Thursday, Trump threatened to take away government contracts that have handsomely enriched Musk even though, as Leon Panetta pointed out on CNN, 'some of those contracts, particularly on SpaceX, are very important to our national security.' Musk tried to tie Trump to Jeffrey Epstein, offering no evidence. He shared a post on Epstein that said Trump should be impeached. Trump reposted a message from Epstein's last lawyer, saying the smear was 'definitively' not true.
The Age
4 days ago
- Business
- The Age
Like Frankenstein on steroids. Musk and Trump both created monsters
Sometimes you're better off letting the children fight. That was President Donald Trump's callous wisdom on looking the other way as the Russians and Ukrainians continue to kill each other. But it might better be applied to Trump's social media spat with Elon Musk. It's hard to think of two puer aeterni who are more deserving of a verbal walloping. Their venomous digital smackdown fulgurated on their duelling social media companies, flashing across the Washington sky. In March, Trump showed off Teslas in the White House driveway and bought a more than $US80,000 red Model S. Now, he says he's going to sell it. Thursday was the most titillating day in the US since the sci-fi classic The Day the Earth Stood Still, when a spaceship landed an alien to warn human leaders to stop squabbling like children, or the aliens would destroy Earth. On Friday, Trump tried to convey serenity. 'I'm not thinking about Elon Musk,' Trump said aboard Air Force One. 'I wish him well.' But Trump then jumped on the phone to knock Musk, telling ABC's Jonathan Karl that Musk has 'lost his mind' and CNN's Dana Bash that 'the poor guy's got a problem'. Trump had to know that would be seen as a reference to the intense drug use by Musk, chronicled by The New York Times. As Raheem Kassam, one of the owners of Butterworth's, the new Trumpworld boite on Capitol Hill, assured Politico, 'MAGA will not sell out to ketamine'. The Washington Post reported on Friday: 'Across the government, the Trump administration is scrambling to rehire many federal employees dismissed under DOGE's staff-slashing initiatives after wiping out entire offices, in some cases imperilling key services such as weather forecasting and the drug approval process.' On Truth Social on Thursday, Trump threatened to take away government contracts that have handsomely enriched Musk even though, as Leon Panetta pointed out on CNN, 'some of those contracts, particularly on SpaceX, are very important to our national security.' Musk tried to tie Trump to Jeffrey Epstein, offering no evidence. He shared a post on Epstein that said Trump should be impeached. Trump reposted a message from Epstein's last lawyer, saying the smear was 'definitively' not true.
Yahoo
29-05-2025
- Business
- Yahoo
Tesla (TSLA) Faces Pressure as Musk Ends Government Advisory Role
Tesla (TSLA, Financials) shares face renewed scrutiny after Elon Musk confirmed the end of his formal advisory role to U.S. President Donald Trump. Musk's term as a Special Government Employee concludes by May 30, raising uncertainty around the future of his cost-cutting initiative, the Department of Government Efficiency, or DOGE. DOGE, which Musk founded, initially aimed to save $2 trillion in federal spending but gradually lowered its target to $150 billion. Though the effort eliminated agencies and prompted tens of thousands of government buyouts, it failed to meet its own savings expectations and drew lawsuits over legal authority and data access. Musk's exit follows sharp criticism of Trump's tax legislation, which he claimed would increase the U.S. deficit. Tesla later issued a statement opposing the rollback of energy tax credits included in the tax package, signaling broader tensions between Musk and Republican lawmakers. DOGE's leadership structure remains unclear. Musk had previously joked about being the chief nothing officer and suggested the effort could function without him. However, three Musk allies Steve Davis, Antonio Gracias, and Anthony Armstrong continue to lead DOGE-related functions at key federal agencies. The initiative has raised conflict-of-interest concerns given Musk's extensive federal contracts across Tesla, SpaceX, Neuralink, and The Boring Co. Critics argue his dual role blurred lines between public policy and private gain. Tesla's Q1 2025 vehicle sales fell to a nearly three-year low, and the stock price dropped as investor concern mounted. The company has also faced vandalism and protests, particularly targeting the Cybertruck, amid Musk's controversial political activity. Despite the fallout, Trump has continued to publicly support Musk, most notably at a White House event where he purchased a red Model S. Musk, for his part, told investors in April he would now focus more closely on Tesla and reduce political spending, saying, I think I've done enough. Investors will be watching how Musk's reallocation of time affects Tesla's operations, particularly amid competitive pressure in EV markets and demand for delivery growth in the second half of 2025. See insider trades for TSLA. This article first appeared on GuruFocus.
Globe and Mail
13-04-2025
- Automotive
- Globe and Mail
Can Lucid Group Stock Help Make You a Millionaire?
Every investor wants to find the next Tesla (NASDAQ: TSLA). Shares have risen more than 20,000% since 2010. A single $5,000 investment would have turned you into a millionaire if you had invested early. On many metrics, Lucid Group (NASDAQ: LCID) appears to be a worthy successor. There are two reasons in particular that Lucid could mimic Tesla's rise, minting many new millionaires along the way. But there's one catch that every potential investor should also be aware of in order to maximize your potential gains. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » 2 reasons this company might be the next Tesla We must first understand what made Tesla so successful in the first place. Luckily, the company released a "Master Plan" nearly 20 years ago outlining its exact strategy. Written by Elon Musk, it included three simple steps: Build a sports car Use that money to build an affordable car Use that money to build an even more affordable car In hindsight, Tesla executed this plan flawlessly. It released its powerful yet limited-sales-potential sports car, the Roadster. It reinvested its funds and growing reputation into two luxury models that were a bit more affordable: The Model X and the Model S. Then it used those funds, leveraging its even greater reputation, into two vehicles affordable to the masses: The Model Y and the Model 3. It's still early, but Lucid is well on its way to replicating this strategy. Currently, it has two high-priced models: The Lucid Air and the Lucid Gravity. These models roughly translate to Tesla's Model X and Model S variants. But just like Tesla, Lucid is planning even more affordable models. Instead of just two models, however, it's planning three -- all expected to debut under $50,000. Production is expected to begin in 2026, but anyone familiar with electric vehicle (EV) production timelines should expect a more conservative launch date, perhaps sometime in early 2027. There's more to like about Lucid than just its ability to replicate Tesla's growth strategy for vehicle launches. Lucid has also done a great job catching up to Tesla in terms of research and development, at least if you believe management's take on the situation. According to Lucid's former CEO, the company is now "many years ahead" of other EV manufacturers -- Tesla included -- when it comes to next-gen technology investment. While I'm not totally buying management's take given Tesla's gigantic capital and data advantage, Lucid has clearly put its money where its mouth is, investing more in research and development over the past 12 months than its entire sales base over that period. On a percentage of sales basis, Lucid is reinvesting far more than Tesla at this point, despite its significantly smaller size. But before you jump in, there's one pitfall every Lucid investor should be aware of, too. TSLA Revenue (TTM) data by YCharts. Warning: Don't make this mistake with Lucid stock Take a look at Tesla's share price over the past two decades, and you'll notice a clear historical pattern: extreme volatility. High growth stocks are often more volatile in general, since the market is constantly rerating how much it's willing to pay for future expected growth. But early stage EV stocks can be even more volatile than the norm. Many EV manufacturers have gone under this century, and short-term fear can catch on quickly. Plus, the introduction of new models typically takes years and many billions of dollars to be realized. This adds significant execution risk, plus plenty of long stretches in which few major catalysts are realized. If you're going to take a shot on Lucid Group stock, the key to success will be patience. Anything can happen over the short term. Investors today should be focused on the company's long-term vision of getting its affordable EV models to market. At the minimum, that will take a couple of years. Be wary of jumping in with an investment horizon shorter than that. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $495,226!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $679,900!* Now, it's worth noting Stock Advisor 's total average return is796% — a market-crushing outperformance compared to155%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of April 10, 2025
