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Category: Technology

Tesla’s European sales collapse as anti-Musk backlash grows

Tesla’s European sales collapse as anti-Musk backlash grows

Politico reports: Tesla’s downward spiral is turning into a rout, with its share of European electric car sales falling by 58 percent in the first two months of this year, dropping from 18.4 percent in 2024 to 7.7 percent for the same period this year, according to data from JATO Dynamics, an auto consulting firm. To add insult to injury, Chinese EV brands sold nearly 20,000 vehicles in Europe last month, far outpacing Tesla’s 15,700 units. The American EV company…

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Tesla accounting raises red flags as report shows $1.4 billion missing

Tesla accounting raises red flags as report shows $1.4 billion missing

electrek reports: Tesla’s (TSLA) accounting practices are raising red flags as a new report from the Financial Times shows that $1.4 billion is missing. Many Tesla shorts and detractors have questioned Tesla’s accounting for years, but they have never gained much traction – until now. Today, the Financial Times has released a new report pointing to a $1.4 billion gap in assets: Compare Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that…

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Tesla and Musk face a ‘brand tornado crisis’ as 46,000 Cybertrucks are recalled

Tesla and Musk face a ‘brand tornado crisis’ as 46,000 Cybertrucks are recalled

The Guardian reports: Tesla and Elon Musk are embroiled in a “brand tornado crisis moment” and the electric carmaker’s chief executive needs to cut back on his work for Donald Trump to stem the damage, one of the company’s biggest supporters has said. The warning came as Tesla announced a recall of 46,000 Cybertrucks in the US on Thursday to fix an exterior panel that could detach while driving. It came as protesters announced on Wednesday they were planning what…

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‘It’s a heist’: Genuine federal auditors are horrified by DOGE

‘It’s a heist’: Genuine federal auditors are horrified by DOGE

Wired reports: Elon Musk’s so-called Department of Government Efficiency (DOGE) has spent the first six weeks of the new Trump administration turning the federal government upside down. It has moved from agency to agency, accessing sensitive data and payment systems, all on a supposed crusade to audit the government and stop fraud, waste, and abuse. DOGE has posted some of its “findings” on its website, many of which have been revealed to be errors. But two federal auditors with years…

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‘Startup nation’ groups say they’re meeting Trump officials to push for deregulated ‘freedom cities’

‘Startup nation’ groups say they’re meeting Trump officials to push for deregulated ‘freedom cities’

Wired reports: Several groups representing “startup nations”—tech hubs exempt from the taxes and regulations that apply to the countries where they are located—are drafting Congressional legislation to create “freedom cities” in the US that would be similarly free from certain federal laws, WIRED has learned. According to interviews and presentations viewed by WIRED, the goal of these cities would be to have places where anti-aging clinical trials, nuclear reactor startups, and building construction can proceed without having to get prior…

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Tesla investor calls for Elon Musk to step down as boss

Tesla investor calls for Elon Musk to step down as boss

Sky News reports: One of Tesla’s earliest investors has told Sky News that Elon Musk should step aside as the carmaker’s chief executive unless he gives up his new government job. Ross Gerber said in an interview with Sky’s Business Live that the tycoon and adviser to Donald Trump had lost his focus given his widening interests and was now too “divisive”. He cited Musk’s post-election role at the helm of the Trump administration’s new Department of Government Efficiency (DOGE)….

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Musk installs one of his most trusted advisers inside the Social Security Administration

Musk installs one of his most trusted advisers inside the Social Security Administration

The New York Times reports: A private equity investor who is one of Elon Musk’s closest confidants has taken a new role in the Social Security Administration, a development that could be politically combustible given the program’s popularity with voters and Mr. Musk’s apparent intent to make major changes at the agency. The investor, Antonio Gracias, who has served on the boards of Mr. Musk’s businesses Tesla and SpaceX, has started a job at the administration as part of the…

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DOGE operatives inside the Social Security Administration have access to ‘everything, including source code’

DOGE operatives inside the Social Security Administration have access to ‘everything, including source code’

Wired reports: Experts with decades of experience at the agency are now worried that DOGE operatives working across multiple agencies increases the risk of SSA data being shared outside of the agency, or that their inexperience will lead to them breaking systems entirely. In the SSA filing [in federal court in Maryland opposing a motion for a temporary restraining order filed by unions that would prevent DOGE from accessing SSA records], lawyers for the agency claim that the DOGE operatives…

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Artificial general intelligence is coming and we’re not ready

Artificial general intelligence is coming and we’re not ready

Kevin Roose writes: Here are some things I believe about artificial intelligence: I believe that over the past several years, A.I. systems have started surpassing humans in a number of domains — math, coding and medical diagnosis, just to name a few — and that they’re getting better every day. I believe that very soon — probably in 2026 or 2027, but possibly as soon as this year — one or more A.I. companies will claim they’ve created an artificial…

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Inside Musk’s ‘digital coup’

Inside Musk’s ‘digital coup’

Wired reports: As America’s most decorated civil servants sipped cocktails in the presidential ballroom of the Capital Hilton, worrying about their table assignments and wondering where they fell in the pecking order between US senator and UAE ambassador, Elon Musk sat staring at his phone, laughing. Few of the guests at the Alfalfa Club banquet in Washington, DC, on January 25 knew what he knew: that a crew of senior executives and young Musk loyalists was preparing to occupy the…

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Tesla shares plunge 15%, suffering steepest drop in five years

Tesla shares plunge 15%, suffering steepest drop in five years

CNBC reports: Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020. On Friday, Tesla wrapped up a seventh straight week of losses, its longest losing streak since debuting on the Nasdaq in 2010. The stock has fallen every week since CEO Elon Musk went to Washington, D.C., to take on a major role in the second Trump White House. Since peaking at $479.86…

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DOGE is the real Deep State

DOGE is the real Deep State

Brian Barrett writes: The “deep state” is a top-tier conservative bogeyman, right up there with DEI and George Soros. But it seems fair to ask: If a bunch of shadowy, unelected figures, many with shared business interests and connections, took over government functions at the highest levels and directly contravened the will of Congress, what might you call that? How about … DOGE? After years of alarm over unelected bureaucrats pulling the strings, what better example can you find than…

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Trump and Musk have caused ‘complete chaos’ at the Federal Aviation Administration

Trump and Musk have caused ‘complete chaos’ at the Federal Aviation Administration

Isaac Stanley-Becker writes: On January 29, American Airlines Flight 5342 collided with a U.S. Army helicopter near Washington’s Ronald Reagan National Airport, killing 67 people, in the deadliest U.S. air disaster in recent history. That alone would have been a crisis for the Federal Aviation Administration, the agency charged with ensuring the safety of air passengers. But the next day, President Donald Trump deepened the FAA’s problems by blaming the disaster on diversity programs, a pronouncement that baffled many in…

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Tesla is losing in the world’s largest EV market

Tesla is losing in the world’s largest EV market

Fortune reports: It’s almost unthinkable, but Tesla Inc., the company that comes to mind when most people think about electric vehicles, may have had its best days in China, the world’s biggest and most advanced EV market. Elon Musk’s automaker has been backsliding in China for the past five consecutive months on a year-on-year basis, according to data from the country’s Passenger Car Association. Tesla’s shipments plunged 49% in February from a year earlier to just 30,688 vehicles, the lowest…

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Elon Musk’s entire empire mapped by Wired magazine

Elon Musk’s entire empire mapped by Wired magazine

  There’s barely a place left on Earth outside the gravitational pull of Elon Musk’s empire. How far does Elon’s clout really stretch—and what conflicts of interest are emerging as he wields the power of the federal government? WIRED pulled the data and mapped out the key places that shape Elon’s Empire.

Election officials say cuts to federal cybersecurity agency (CISA) are affecting operations

Election officials say cuts to federal cybersecurity agency (CISA) are affecting operations

Democracy Docket reports: Ever since President Donald Trump’s victory in November, election officials at every level and voting rights advocates have worried that he would gut the Cybersecurity and Infrastructure Security Agency (CISA) — the little-known federal agency responsible for the nation’s cybersecurity and protecting critical infrastructure from digital threats. And now that those cuts have come to fruition, election officials are already experiencing the loss of crucial CISA resources they said are integral to voting security. In the seven…

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