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Scott Galloway criticized Elon Musk's actions during the Trump administration, labeling them as "one of the greatest brand destructions" for Tesla. He noted that Musk's alignment with Trump supporters alienated Tesla's core electric vehicle customers, leading to a significant drop in the brand's reputation and sales across Europe. By April, Tesla reported a 71% decline in profits, prompting Musk to announce a reduction in his government role.
Scott Galloway criticized Elon Musk's political involvement, claiming it led to "one of the greatest brand destructions" for Tesla, which saw a significant drop in reputation and sales across Europe. Musk's alignment with Republicans alienated EV customers, with Tesla's sales plummeting by up to 81% in some countries. Following a 71% dip in profits, Musk announced he would reduce his role in the controversial DOGE initiative after discussions with Tesla investors.
The Herdern municipal council plans to purchase the former Raiffeisen bank building for 2.1 million francs, with voters set to decide on the loan on September 28. Despite a projected loss, the 2024 accounts closed with a profit of CHF 237,964, prompting caution against a proposed tax cut due to uncertain future economic conditions.
Barry Diller observed a dramatic shift in public sentiment towards Elon Musk since their appearance together at the 2024 US Open, where Musk was met with enthusiasm. Diller remarked that today, Musk would likely face hostility, reflecting backlash linked to his political ties and controversial statements, which have negatively impacted Tesla's reputation and stock. Investor Ross Gerber has called for Musk's exit, citing significant damage to the company's image and a bleak outlook unless Tesla can successfully launch its Robotaxi service.
Elon Musk's Department of Government Efficiency (DOGE) has reportedly saved $170 billion in federal spending, achieving 17% of its $1 trillion goal. Major cuts include a $3.3 billion program cancellation by the Department of the Interior and over $3 billion from the Department of Homeland Security. Despite criticism over the accuracy of its savings tracker, Musk anticipates further reductions and plans to step back from his public role in DOGE to focus on Tesla.
Tidjane Thiam, former CEO of Credit Suisse, has been legitimized by an Abidjan court to remain chairman of the Democratic Party of Côte d'Ivoire (PDCI) after a trial questioning his Ivorian citizenship. Although he was initially deemed to have been elected illegally in December 2023 due to dual citizenship issues, he was re-elected in May 2025 after renouncing his French citizenship. However, Thiam remains ineligible for the presidential election scheduled for October 25, 2025.
Elon Musk, the largest Republican donor in 2024, announced plans to significantly reduce his political spending, citing a shift in focus back to his businesses amid investor concerns. Despite this, he remains committed to supporting Trump and the Republican Party, indicating he may still engage politically if necessary. Tesla's sales have suffered due to protests linked to Musk's political involvement, prompting him to reaffirm his role as CEO for another five years.
Elon Musk, the largest donor in the 2024 presidential campaign, announced plans to reduce his political spending, stating, "I think I've done enough." Despite his past support for Trump, including nearly $300 million in donations, Musk's involvement has become politically contentious, particularly following a failed Wisconsin Supreme Court election where his influence was seen as a liability. As he shifts focus back to Tesla amid declining sales, Musk remains connected to Trump, indicating a complex relationship with politics.
Elon Musk expressed intentions to reduce his political spending after previously investing over $290 million to support Donald Trump and other candidates. During an interview with Mishal Husain, Musk faced tough questions regarding potential conflicts of interest related to his companies and government contracts, particularly concerning Starlink's operations in South Africa. Despite the scrutiny, Musk maintained that he does not see a conflict and challenged Husain on the country's laws regarding economic equality.
Elon Musk plans to reduce his political donations, a shift from his previous role as a major donor to Donald Trump during the 2024 election. Despite concerns from Tesla's board and investors about his focus on the company amid declining sales, Musk remains confident in Tesla's performance, stating, "We see no problem with demand." He emphasized that his commitment to Tesla is not about money but about reasonable control, following a rejected compensation package.
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Elon Musk's Government Role Criticized for Damaging Tesla's Brand and Sales
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