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Showing posts with the label HEGSETH

POLITICO Nightly: Tesla’s Elon Musk problem

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  By  Charlie Mahtesian  and  Calder McHugh Presented by  Elon Musk speaks during a cabinet meeting at the White House today. | Al Drago/Bloomberg BEAR MARKET  — You wouldn’t know it from the frenetic, high profile he currently cuts in Washington, but tech mogul Elon Musk has  lost more than $100 billion in net worth  since mid-December. In the aftermath of Donald Trump’s election, the share price of the high-flying electric car company he leads, Tesla, climbed to a high of roughly $480 per share. But it has since cratered to under $300. Shares dropped another 4 percent today, to close at $290.80 per share. For Musk, the world’s richest man and Tesla’s largest shareholder, those are just paper losses. He owns and runs several other companies — among them SpaceX, Twitter, and artificial intelligence startup xAI — so Tesla’s recent decline is just a flesh wound. But the largely parallel timeline between Tesla’s nosedive and Musk’s rise as something ...

Trump’s Most Dangerous Move Yet?

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  Trump’s Most Dangerous Move Yet? Politicizing the military Dan Rather and Team Steady Feb 25 General CQ Brown Jr., former chairman of the Joint Chiefs of Staff (credit: Getty Images) Donald Trump has abruptly fired several high-ranking members of the U.S. military command. And his new, personally loyal secretary of defense promises a culture shift for the armed forces, with politics at its core. This is among Trump’s most reckless decisions to date, if not THE most. And that’s saying something, given his second term so far. Not to minimize the firing of thousands of government employees, including people who were working to keep bird flu from spreading to humans and those who were ensuring the country’s nuclear weapons are kept safe, etc., etc . All of this reeks of authoritarianism, with a capital A. If you’re looking for a legitimate reason for the firings, good luck. Here’s the bottom line: Trump purged the U.S. military leadership of officers he believes are loyal t...