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Elon Musk Archive

Archives for March 2025

How the Tesla brand turned so toxic

The Tesla Takedown movement is rallying against Elon Musk, and it’s only getting bigger.

Nilay Patel
Richard Lawler
Richard Lawler
Meta, Elon Musk, and Delaware’s rush to rework corporate law.

Elon Musk has publicly railed against Delaware’s corporate law as its judges ruled against his wishes, moving the incorporation of Tesla and other companies out of state. Now, CNBC says a January WSJ report that Meta was considering moving its incorporation spurred immediate action from the governor on a new bill, SB 21, that might make its laws friendlier to folks like Musk and Mark Zuckerberg.

After skipping a typical review by the state’s bar association, it’s passed the state Senate and could be voted on by the state House as soon as Thursday.

Dominic Preston
Dominic Preston
X bounces back to $44 billion.

Investors have reportedly valued the social media giant at the same amount Elon Musk purchased it for in 2022, a sharp jump after it was deemed worth less than $10 billion in September 2024.

Musk’s plum position in the White House might have something to do with X’s perceived change of fortunes, though that hasn’t helped Tesla, which is in the midst of a 50 percent stock slump since December. Bloomberg added to the report later, saying X raised “almost $1 billion in new equity funding” with participation from Musk.

Lauren Feiner
Lauren Feiner
Nearly 25,000 federal workers are being reinstated under a court order.

The Trump administration acknowledged in recent court filings that it had terminated nearly 25,000 workers across several agencies during its Department of Government Efficiency (DOGE)-fueled cuts. Those workers are now being reinstated under a judge’s instructions. But many of those workers are still on administrative leave, and officials warn that if an appeals court reverses the temporary restraining order, “employees could be subjected to multiple changes in their employment status in a matter of weeks.”

How Trump and Musk built their own reality

The presidents of the United States have gotten lost in the illusions they created.

Elizabeth Lopatto
Tina Nguyen
Tina Nguyen
Epic Games CEO smells a billionaire plot behind those anti-Tesla protests...

Tim Sweeney recently endorsed Elon Musk’s latest attempt to paint the nationwide protests as a leftist conspiracy — this time, one backed by billionaire progressive mega donors George Soros and Reid Hoffman. “Disgusting,” he wrote in response to Musk’s X post connecting the dots, then defended himself by citing his experience in the Apple lawsuit. (Not sure whether these are similar circumstances?)