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Musk's Role in Government Cuts Leads to Tesla's Brand Decline

Marketing professor Scott Galloway criticized Elon Musk's involvement with the Trump administration, labeling it "one of the greatest brand destructions" for Tesla. He noted that Musk's alignment with a demographic largely uninterested in electric vehicles has led to a significant decline in Tesla's reputation and sales across Europe. Following a 71% profit drop, Musk announced he would reduce his role in the controversial government efficiency initiative known as Doge.

Elon Musk's Grok Raises Ethical Concerns Over Government Influence and Profit

Elon Musk's Grok AI chatbot is reportedly being pushed for use by the Department of Homeland Security, raising concerns about conflicts of interest and potential enrichment for Musk and his company, xAI. Critics argue this could prioritize corporate interests over public benefit, as Musk has previously leveraged government resources to promote his businesses like Starlink and Tesla.

Belgium Investigates Huawei Lobbying Amid Allegations of European Parliament Corruption

Belgian intelligence has wiretapped a corporate box at Anderlecht's stadium, where Huawei lobbyists allegedly sought to bribe European Parliament members. The investigation, which began in March, has led to requests for lifting the immunity of several MEPs, though none have been charged. Huawei denies any wrongdoing, emphasizing its commitment to legal compliance.

Elon Musk's Influence Over Government Remains Strong Despite Reduced Role

Elon Musk's purported reduction of involvement with the Department of Government Efficiency (DOGE) comes amid a significant profit drop at Tesla. Despite claims of stepping back, Musk's influence remains strong, with nearly half of DOGE's staff tied to him, ensuring his directives continue to shape the administration's actions. His connections within the Trump administration further complicate any perceived retreat, as loyalists remain entrenched in key positions.

Tidjane Thiam Legitimized as PDCI Chairman After Court Ruling on Citizenship

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 addresses violence against Tesla amid political backlash and competition

Elon Musk condemned the "massive violence" against Tesla, asserting he has harmed no one despite facing backlash for his political activities. He criticized the vandalism and threats against him and his company, stating that those responsible will face justice. Musk emphasized his commitment to Tesla, noting the recovery of its stock price and his ongoing role as CEO.

Belgium requests immunity lift for five MEPs in Huawei corruption probe

Belgian authorities have requested the European Parliament to lift the immunity of five MEPs amid an investigation into alleged corruption linked to Huawei. The case, known as "HuaweiGate," involves accusations of influence-buying through gifts and financial incentives, with two MEPs confirming their involvement. The investigation also extends to eight other lawmakers who previously supported Huawei's interests in 5G development.

ubs faces political trial amid tensions with swiss government

UBS is poised to face challenges against the Swiss government, as tensions rise between the Prime Minister and the Betharram Commission leaders. This conflict has sparked allegations of a political trial and threatens the future of a parliamentary tool that has gained significant popularity.

musk's influence on trump administration raises concerns over government spending and ethics

Elon Musk, despite a quieter presence in the Trump administration, continues to benefit from his connections, securing lucrative deals for his companies like Starlink and SpaceX. His tenure as head of the Department of Government Efficiency (DOGE) has led to significant cuts in federal programs, with critics arguing that his actions have enriched him while harming regular Americans. As investigations into his companies are dropped and federal contracts increase, the long-term consequences of DOGE's policies are expected to be detrimental to the country.

Elon Musk steps back as government efficiency efforts shift to stability

Elon Musk's ambitious initiative to overhaul the Department of Government Efficiency (DOGE) has shifted from aggressive cuts to a more measured approach as he steps back from the spotlight. Initially focused on slashing $2 trillion in spending and eliminating thousands of federal jobs, the department faced backlash over chaotic firings, including critical personnel in nuclear and health sectors. Now, with a focus on collaboration, DOGE continues to cancel federal contracts, claiming $170 billion in savings while working alongside agency heads.
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