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All posts tagged "elon musk"

Elon Musk's time in DC comes back to bite him in ongoing lawsuit: report

A judge knocked down Elon Musk's argument for getting his U.S. Securities and Exchange Commission’s civil lawsuit moved out of Washington, D.C.

The SEC sued the tech mogul on Jan. 14 alleging violations of federal law requiring the disclosure of his purchase of a 5 percent stake in Twitter, months before he took over the social media platform and eventually changed its name to X, and a federal judge ruled against his request to move the trial to New York or Texas.

"Mr. Musk contends that litigating this case in this District would impose 'substantial burdens' on him because he is 'an incredibly busy individual' and 'it is unlikely [he] could attend an entire trial in Washington, D.C.,'" wrote U.S. District Judge Sparkle Sooknanan.

"The SEC does not dispute these representations," the judge added. "The Court takes Mr. Musk’s convenience seriously, but it also notes that Mr. Musk has considerable means and spends at least forty percent of his time outside his chosen forum."

The judge took note of Musk's four-month tenure serving a quasi-governmental role in President Donald Trump's administration, which he joined six days after the SEC suit was filed, as head of the Department of Government Efficiency in her ruling against his request.

"Indeed, although Mr. Musk may have 'rarely' traveled to this District in recent months," Sooknanan wrote, "Mr. Musk’s brief itself indicates that he has spent substantial time here this year."

Musk purchased a minority share in Twitter in March 2022, but SEC regulators say he failed to disclose that his stake exceeded a 5 percent ownership threshold within the required 10 calendar days.

The tech billionaire's attorneys argued that Musk stopped purchasing shares of the publicly listed social media platform and filed his disclosure one business day after his wealth manager spoke with legal counsel about filing requirements.

Elon Musk admits Epstein connection after file drop: 'Tried to get me to go to his island'

Tesla CEO Elon Musk finally commented on the fact that his name appeared in Jeffrey Epstein's personal calendar with a note about an invite to the late convicted child abuser's private island.

Epstein's estate recently released a third batch of documents related to the late sex offender and his associates, including some high-level allies of President Donald Trump. The disgraced financier's estate produced to Democrats on the Committee on Oversight and Government Reform another tranche of documents, including phone message logs, copies of flight logs and manifests for aircrafts, copies of financial ledgers and Epstein’s daily schedule, which include mentions of possible contact between Jeffrey Epstein and prominent individuals like Musk, Peter Thiel, Steve Bannon and Prince Andrew.

Musk hadn't yet addressed the scandal until Sky News published an article called Elon Musk and Prince Andrew named in latest Epstein files release.

Responding to the article, Musk took to his own social media site, X, formerly called Twitter. The billionaire said, "Shame on Sky News for this utterly misleading headline."

"Anyone pushing this false narrative deserves complete contempt," Musk then added. "Epstein tried to get me to go to his island and I REFUSED, yet they name me even before Prince Andrew, who did visit."

Musk previously made headlines when he claimed that Trump himself appeared in the controversial files.

'Trump outs Elon Musk as being in Epstein files': New doc drop names presidential allies

Jeffrey Epstein's estate released a third batch of documents related to the late sex offender and his associates, including some high-level allies of President Donald Trump.

The disgraced financier's estate on Friday produced to Democrats on the Committee on Oversight and Government Reform another tranche of documents, including phone message logs, copies of flight logs and manifests for aircrafts, copies of financial ledgers and Epstein’s daily schedule, which include mentions of possible contact between Jeffrey Epstein and prominent individuals like Elon Musk, Peter Thiel, Steve Bannon and Prince Andrew.

“It should be clear to every American that Jeffrey Epstein was friends with some of the most powerful and wealthiest men in the world. Every new document produced provides new information as we work to bring justice for the survivors and victims," said oversight spokeswoman Sara Guerrero. "Oversight Democrats will not stop until we identify everyone complicit in Epstein’s heinous crimes. It’s past time for Attorney General Bondi to release all the files now."

In response to the release, Rep. Eric Swalwell said, "Trump OUTS Elon Musk as being in Epstein Files. Revenge for Elon outing Trump?"

The documents suggest Thiel and Bannon had scheduled meetings with Epstein and provided evidence that Musk had a pending trip to Epstein's island, while Prince Andrew was listed as a passenger on Epstein’s aircraft and financial disclosures provided possible evidence of payments from Epstein to masseuses on behalf of an individual identified as “Andrew.”

Extensive redactions have been made to protect the victims of Epstein's alleged sex trafficking network, and the committee expects to receive additional documents as part of a rolling production in response to their requests.

"In the third batch, the Oversight Committee received 8,544 documents responsive to the Committee’s subpoena from August," the committee's Democrats said in a statement.

The following was received:

  • Phone Message Logs from 2002-2005, which were produced previously in litigation
  • Copies of flight logs and flight manifests for aircraft, including helicopters, that Epstein owned, rented, leased, operated or used from 1990-2019
  • Copies of ledgers reflecting transactions recorded as cash transactions for Epstein and business entities. These documents were previously shown to Committee staff at in camera review.
  • Epstein’s daily schedules between 2010 and 2019

Hundreds of workers cut by DOGE now asked to return to work after months of paid time off

Hundreds of federal employees cut loose by Elon Musk have been given a tight deadline to decide whether to come back to work.

The General Services Administration has given laid-work workers who had managed government workplaces until the end of this week to accept or decline reinstatement, according to an internal memo obtained by The Associated Press, and those who return must report for duty on Oct. 6 after what would amount to a seven-month vacation paid by taxpayers.

"Ultimately, the outcome was the agency was left broken and understaffed,” said Chad Becker, a former GSA real estate official. “They didn’t have the people they needed to carry out basic functions.”

Agency representatives didn't respond to detailed questions about the memo issued Friday, and they also declined to discuss current staffing and cost overruns associated with leases terminated by the Department of Government Efficiency.

“GSA’s leadership team has reviewed workforce actions and is making adjustments in the best interest of the customer agencies we serve and the American taxpayers,” an agency spokesman told the AP in an email.

DOGE targeted the GSA, which had about 12,000 employees at the start of Donald Trump's second presidency, as a key area to cut out what Musk identified as waste, fraud and abuse in the federal government, and Musk aides embedded in the agency's headquarters sent out more than 800 lease cancellations and published a list of hundreds of government buildings to sell off.

However, those efforts were quickly dialed back in the face of public blowback, with more than 480 leashes set for termination have been spared and only 131 leases expired without the government actually leaving the properties, and the turmoil has caused the agencies to face additional costs because property owners haven't been able to rent out those spaces to other tenants.

'Backward': Elon Musk called out by Trump Cabinet member over DOGE firings

Commerce Secretary Howard Lutnick on Friday called out Elon Musk's moves to cut government waste with government workforce firings "backward."

“The focus should have been on cutting the waste, fraud and abuse, and the people you could do over time,” Lutnick said in an interview with Axios co-founder Mike Allen. “I thought he got that backward.”

Lutnick was critical of Musk's decisions, saying he should have focused on cutting back government spending, The Washington Post reports.

He also pointed to how the billionaire, the now second-wealthiest person on the planet, "got caught up in other people’s objectives.” He suggested that Musk may have pushed the efforts to slash federal employees ahead of President Donald Trump's Cabinet secretaries.

Instead of broad workforce reductions, Lutnick expects that identifying waste would be the government-cutting efforts and focus next. He cited that government employees are a "relatively small percentage of government spending," The Post reports.

Lutnick says he anticipates the Department of Government Efficiency will still be effective in the future, but finds it is “less effective than I would have hoped.”

Musk, who previously led DOGE in an effort to make good on President Donald Trump’s pledge to eradicate wasteful government spending.

This week, Rep. John Larson (D-CT) called on the Tesla CEO to be dragged in front of a House committee to testify on how Social Security data was compromised under his direction.

“We asked Elon Musk and DOGE to come before the [House] Ways and Means Committee, and they refused to come,” Larson said, speaking Wednesday on the House floor at the Capitol in Washington, D.C.

Musk's relationship with the Trump administration had soured after he criticized the "Big, Beautiful Bill" over X, which the South African-born billionaire said he later regretted. As a "special government employee," his role was limited to 130 days only.

'They believe they’re above the law!' Lawmaker moves to let whistleblower loose on Musk

Rep. John Larson (D-CT) laid into Elon Musk Wednesday for his brief stint serving the Trump administration, calling on the Tesla CEO to be dragged in front of a House committee to testify on how Social Security data was compromised under his direction.

Musk had previously led the Department of Government Efficiency, or DOGE, in an effort to make good on President Donald Trump’s pledge to eradicate wasteful government spending. As part of that effort, Musk and his DOGE staff – many of them between the ages of 19 and 24 – copied Americans’ Social Security data to an unsecure cloud server, according to a whistleblower.

“We asked Elon Musk and DOGE to come before the [House] Ways and Means Committee, and they refused to come,” Larson said, speaking Wednesday on the House floor at the Capitol in Washington, D.C.

“Why? Because they believe they're above the law! They don't believe that they're accountable to an equal branch of government, and now they've gone in and taken the data that they were after!”

According to the whistleblower, DOGE officials under Musk put as many as 300 million Americans’ Social Security data at risk. Coincidently, around three months after Musk left his gig at the White House, a massive data breach occurred that impacted 2.9 billion records, which included names, addresses and Social Security numbers.

And now, Larson is calling not just for Musk to be brought before Congress to testify, but the whistleblower as well.

“It's long overdue, that as an equal branch of government, we hold the executive branch accountable when they are taking peoples' personal data and social security and exposing it!” Larson shouted. “There is no reason why any 24 year old, unvetted, unaccountable person should have access to any Americans' Social Security information!”

Larson said that he had asked on Tuesday to have a hearing called to provide the whistleblower an opportunity to share the extent of potential dangers created under Musk’s leadership of DOGE. As to why Musk would be interested in Social Security data, Larson argued the reason to be the most obvious one.

“Why is Elon Musk after it?” Larson said. “Because that data contains information about the $2.7 trillion of the peoples' money that's in Social Security! And if I sound a little angry, it's because I am, and every American ought to be angered and outraged that this is going on!”

Watch the video below or use this link.

Elon Musk loses title of world's richest person

Billionaire Elon Musk has reportedly lost his claim to be the "world's richest person."

Oracle co-founder Larry Ellison's wealth increased to $393 billion after his company reported strong earnings on Tuesday. In contrast, Musk's current net worth is $385 billion.

According to Bloomberg, Ellison, 81, experienced the "biggest one-day increase ever recorded." His company credited the surging demand for Artificial Intelligence infrastructure.

The Oracle co-founder is reportedly close to President Donald Trump.

Musk has twice lost the title of world's richest person after first capturing it in 2021. Tesla recently offered him a pay package that could be worth nearly $1 trillion.

'Cat fight!' Dems giddy as ugly brawl threatens midterm massacre

WASHINGTON — Elon Musk may have packed up and gone home weeks ago, but he’s still got a grip on Washington’s political class.

While Republicans cling to the coattails of the world’s wealthiest man — whether or not he’s tweet-shaming the GOP agenda on his social media platform, X — many Democrats are cheering the Tesla CEO’s latest foray into politics, with the soft launch of his “America Party.”

Musk’s initially cringe-inducing breakup with President Donald Trump is mostly in the rearview, and many veteran Democrats remain wary of the heavy-spending billionaire.

“A man that rich can do a lot of things,” Senate Democratic Whip Dick Durbin (D-IL) told Raw Story at the Capitol recently. “He can also fake a lot of things, so I’m not sure how serious he is.”

Musk may no longer lead the Department of Government Efficiency — or DOGE — but he’s still a Washington player. And with next year’s midterm elections looming, members of both parties are trying to simultaneously avoid and court him.

‘I wouldn’t say he's turning on us’

Musk and Trump formally parted ways at the end of May, but just a few days later things got awkward as they took to their social media companies to digitally pummel each other.

After Musk lambasted Trump’s signature tax cut and tough-on-migrants spending bill, Trump complained of being "disappointed" in his former wingman.

Musk then dropped what he called the "really big bomb" — and accused the president of being “in the Epstein files.”

Republicans in Congress struggled to make sense of the fight between their leader that some call “Daddy,” and the sugar daddy who dropped upwards of $290 million on the 2024 election.

This summer, the Musk-aligned Building America’s Future PAC doled out more than $1 million promoting Trump’s agenda, including his signature “One Big Beautiful Bill” — which perplexed many political watchers, as at the same time Musk repeatedly used social media to rip a bill he labeled a “disgusting abomination.”

“Shame on those who voted for it: you know you did wrong,” Musk posted in early June. “You know it.”

Wrong or not, many rank-and-file Republicans who voted to pass Trump’s agenda want to appease Musk too.

“I agree with Musk,” Rep. Eric Burlison (R-MO) told Raw Story at the time.

“We need more people like Elon Musk, because being in the arena and being on the battlefield and fighting, that air cover is awesome.”

For many — if not most — in the GOP, Musk’s declaration that he’s starting a third party doesn’t mean he’s parting ways with the Republican Party they call home.

“I wouldn’t say he's turning on us, he's got a right to his opinion,” Sen. Markwayne Mullin (R-OK) told Raw Story. “Turning on us would be him going back to the dark side: the Democrats.”

On that Democratic side, things are awkward too.

Generally, Democrats view Musk’s promised third party as a net win, a move that will split the right-wing vote.

“Oh I definitely think it will be better for Dems,” Rep. John Larson (D-CT) told Raw Story.

“That obviously would help us. We’ll take it. I think we’re gonna do well no matter what. House Democrats did extraordinarily well [in 2024]. We actually picked up seats in a time that had gone heavily against the trends.”

“Republicans should worry more. Much more so,” Rep. Don Beyer (D-VA) told Raw Story.

Democrats don’t have many good inroads to Musk, in part because DOGE focused on slashing and burning rather than building, Beyer said.

“I don’t know anybody that doesn’t want to make [government] more efficient. I’d love just the modernization. Makes perfect sense to me.

“Even things like deficit reduction, I’m on his side. We need to have much better deficit reduction, not the way [Republicans are] doing it, which is cut all the hospitals and services [like] Medicaid and then still drive [the deficit] up $4 to $5 trillion.”

With the Democratic Party promising to get “big money” out of politics, cheering on the world’s richest man is awkward — a point many veteran Democrats understand.

‘He’s got no base’

On the other side of the Capitol, most Democratic senators remain wary of Musk.

“Is it good for Democrats to just not have his money behind the GOP this time around, seemingly?" Raw Story asked the Democratic whip.

“I think there are going to be outrageous unlimited amounts of money regardless, and what impact he’ll have on either political party remains to be seen,” Durbin said.

“At the moment we only know the message that he is personally grieved. If there’s more, perhaps he can build a political base.”

Democrats are increasingly united in wariness of Musk and his meddling.

“I don't know yet [about the third party],” Sen. Elissa Slotkin (D-MI) told Raw Story. “Like, he certainly has the money. Right? But he also has to have people who decide to go with him.

“He's got no base. Until I see that, it's interesting. I enjoy a cat fight between two men. But until I see who joins [Musk], I can't say that this is a real thing.”

What is real is voter unrest.

“There are a lot of disaffected voters,” said Sen. John Fetterman (D-PA). “Absolutely.”

Polling shows many Democratic voters are disaffected with Fetterman, one of the more independent-minded senators in either party, who has supported Trump nominees and sided with Israel in its war in Gaza.

“At points I’m at odds with my party,” Fetterman conceded, “and I know I’ve had colleagues on the other side that were at odds with their side too. I don’t know if we're ready for a third party in that sense, but without a doubt there are a lot of disaffected voters.”

“Last I saw, you were doing better with Republicans than Democrats?” Raw Story pressed.

“I have a great relationship with my parents,” Fetterman said, alluding to his blue-collar, conservative Pennsylvania roots — the very groups Democrats alienated and Musk courted last year.

Stephen Miller's wife leaves job with Elon Musk months after rumors swirled

Katie Miller, a former White House aide and wife of deputy chief of staff Stephen Miller, is ending her work for Elon Musk and starting up a self-titled podcast.

The 33-year-old Miller had been a liaison between the White House and Musk when he oversaw the Department of Government Efficiency, but she followed him back to the private sector when he left the government at the end of May, leading to the swirling of rumors, and now she's leaving her post supporting the tech mogul's ventures and taking on investors to launch her online talk show, reported Axios.

"For MAGA and President Trump's legacy to grow long-term, we must talk to conservative women," Miller said.

Miller envisions her podcast as "a place for conservative women to gather online," and while she doesn't intend to focus on politics, she also pointed out there's "no conservative answer to 'Call Her Daddy,'" the hugely popular, pop culture-focused podcast hosted by Alex Cooper.

"There isn't a place for a mom like me to get lifestyle information, news, laugh with our friends, gossip about what's going on in the world from our perspective," Miller said. The podcast will be "about women, for women — with men, too, talking about what matters to women."

Miller interviewed Vice President JD Vance on Wednesday for her introductory podcast, and she has also talked with boxing legend Mike Tyson and former ESPN broadcaster Sage Steele, and she said her husband has been "incredibly supportive" of her new venture and has even helped her land guests.

"I'm incredibly grateful to President Trump and Elon for the ability to enact lasting change," Miller said. "We got a lot done. ... We reshaped how the federal bureaucracy views government spending. I hope Elon is a listener to the podcast and I hope to have him as a guest one day."

This massive corporate bonus reveals everything about Trump's America

Tesla announced on Monday that it’s granting additional shares to Elon Musk worth around $29 billion. Tesla’s board describes it as a “first step, ‘good faith’ payment” to Musk — even as Tesla continues to battle in court over reinstating an even bigger pay package that a Delaware judge struck down.

Why is this giant pay package necessary, you might ask, when Musk already holds 13 percent of the company, worth hundreds of billions?

It’s not as if Tesla is thriving and Musk has contributed to its profitability. In fact, Tesla’s sales and profit are falling and it’s losing market share. Tesla’s stock is now down about 20 percent for the year. The company hasn’t reported an increase in quarterly earnings since the third quarter of 2024.

Tesla’s downward profit spiral is mainly due to Musk’s involvement in right-wing politics, which has alienated many car buyers. Although Musk has officially left the Trump administration, he is still nosing around politics. He’s even talking about starting a third party.

And let’s be clear: His political power comes directly from his wealth. Tesla’s making him $29 billion wealthier arguably makes American politics $29 billion dirtier.

It’s not as if Musk needs the additional money. He’s already the world’s richest person, worth about $350 billion.

So why is Tesla’s board giving him a $29 billion raise?

Because Musk hinted last month that he wanted more shares in Tesla to prevent his ouster by “activist” shareholders. It was a “major concern,” he said on an earnings call with analysts.

But this excuse begs the question of why activist shareholders would want him ousted if he were doing such a good job at Tesla. The answer is he’s obviously not doing a good job, and he knows it.

Tesla’s directors aren’t exerting better control over Musk because the board is packed with Musk’s close friends and his brother. This is called a conflict of interest, people.

In fact, what Musk is doing to Tesla is a smaller version of what Trump is doing to America: fleecing it while running it into the ground.

And Tesla’s board’s response is a miniature version of the way congressional Republicans are responding to Trump: rubber-stamping whatever he wants.

Many Tesla shareholders, meanwhile, resemble Trump’s MAGA base. They’ve made a cult out of Musk and applaud anything that keeps him at Tesla despite his breathtakingly irresponsible performance as CEO.

Call it authoritarian capitalism.

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