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Trump buys Tesla in defense of Elon Musk
President Trump bought Tesla on Tuesday afternoon “Please make a statement“ amid backlash against high-tech billionaire Elon Musk and his electric car company Tesla, who leads the Trump administration's government spending initiative.
“No. 1, I'm going to buy it because it's a great product. As good as it gets. Second for this guy [Elon Musk] I have dedicated his energy and his life to doing this, and I think he has been It was treated unfairlyTrump told reporters outside the White House in the afternoon.
Trump made the remarks along with Musk and Musk's son. Hours after he first announced on social media, he bought a Tesla to help tech entrepreneurs.
I own Tesla stocks More than 50% fell sharply Since the end of last year, it experienced the biggest decline in more than four years on Monday.
Follow a set of strings Protest at Tesla warehouse From Trump's Government Efficiency (DOGE) mask leaders across the country and protesters calling for massive layoffs and cuts in spending related to it.
Some Tesla vehicles have been destroyed on the streets, but some Tesla owners have placed bumper stickers with messages like “I bought it before Elon got hooked.”
“The ongoing and heinous acts of violence against Tesla by radical and violent left activists are nothing but domestic fear,” Trump spokesman Harrison Fields said in a statement to the later hill.
“President Trump is clear and he's making these attacks, or other attacks to intimidate or force our government, or people won't be in President Trump's America,” Fields added.
Musk admitted that his political career challenged his business empire, telling Fox Business Network Host Larry KudrowIn an interview Monday, he oversees the company “very difficult.”
See the full report for more details thehill.com.
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Following a series of violent demonstrations at the showrooms of US electric car companies, President Trump suggested he was open to labeling individuals who carry out violence at Tesla dealers as “domestic terrorists.”
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The Nebraska Legislature has approved a measure to classify some gig economy workers as independent contractors, according to its website. Introduced by Senator Bob Hallstrom, LB 229 was approved Monday, with 33 votes in favor of 15 against it. Under this measure, ride service drivers and some delivery drivers will become independent contractors through state law. Nebraska Sen. John Cavanaugh has condemned the action…
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Technology billionaire Elon Musk has admitted that he has been dealing with an advisory role in the Trump administration while Tesla stocks are declining, leading efforts to overhaul the Department of Government Efficiency (DOGE) federal workforce, making it “very difficult.” Musk was sitting in a rare Monday night interview with former Trump administration civil servant Larry Kudrow about the Fox business. The host asked him…
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Welcome to Crypto Cornernew features in Hill's technology newsletter focus on digital currency and the outlook for Washington.
The Senate Banking Committee is planning to vote for Senators. Bill Haggerty (R-Tenn.) Stablecoin Act on Thursday after announcing the newly updated invoice text.
This law seeks to create a regulatory framework stablecoins – A cryptocurrency where value is tied to another asset to maintain a more stable price.
Senator Kirsten Gili Brand (DN.Y.) “We have promoted an updated bill to make significant improvements on consumer protection, “consumer protection.” Certified Stablecoin issuers, risk mitigation, state routes, bankruptcy, transparency, and more. ”
“This bill represents a true, bipartisan effort, and I would like to thank all our partners for their willingness to seek and find a common basis,” Gilibrand said in a statement.
plus: Stablecoins were the center of attention on the other side of the Capitol, as well as on Tuesday.He held a hearing on “Investigating the Federal Framework for Payment Stable.”
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5G was made for the US in the US
Ericsson is building radio equipment to meet the demand for 5G networks. The equipment protects the supply chain and ensures that there is infrastructure to continue US technology leadership. learn more.
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