News
Musk joins Trump’s manufacturing council in effort to promote U.S. job growth

Tesla Motors CEO Elon Musk has joined President Trump’s new manufacturing council. The new manufacturing council, which will include business execs and labor leaders, will be led by Dow Chemical CEO Andrew Liveris. The council will be a collaboration where Trump can work with members on “how best to promote jobs and get Americans back to work again.” To do so, Trump has said he wants to reward companies that manufacture in the U.S. as well as to penalize companies that continue to manufacture abroad and ship back to the U.S. The penalties will involve imposed border taxes.
An example of this policy already in action occurred when United Technologies CEO Gregory Hayes learned that their subsidiary, Carrier, which produces heating and cooling equipment, had to reduce many of the jobs it had promised to Mexico or face Trump’s vengeance. Later, Trump preened and bragged that he had single-handedly saved Indiana 2,000 jobs. In this new world in which government and corporate America wash each others’ proverbial hands, UT will receive $7 million in incentives over several years.
How will Musk answer critics who would posture that such Trump administration manufacturing changes will do little more than to pass costs on to American consumers in the form of increased taxes on goods made abroad?
One topic proposed for the manufacturing council is likely to be Trump’s plan, which he announced on Monday, to cut regulations by 75 percent or “maybe more.” The President did not outline which rules he would target when he made the statement. Musk is reported to have also met with Trump on Monday, with Ford’s Mark Fields present. In the past, Musk has been quoted as saying that there is a fundamental problem with regulators. “If a regulator agrees to change a rule and something bad happens, they can easily lose their career. Whereas if they change a rule and something good happens, they don’t even get a reward. So, it’s very asymmetric … How would any rational person behave in such a scenario?” Musk will be able to see firsthand exactly how Trump will respond to the asymmetry in the manufacturing sector when the manufacturing council convenes.
Another area of work for the council will be directed toward Trump’s campaign pledge to slash the corporate tax rate. When Musk joined Trump’s Strategic and Policy Forum in December, the President and the gathered tech execs shared this common interest in taxes. Trump has also promised to slash corporate tax rates on funds that companies have stashed in offshore accounts. It is widely rumored that many Silicon Valley’s giants are among this illustrious group. Trump has argued that these companies will then repatriate those current offshore funds into U.S. jobs, further promoting his agenda to Make America Great Again.
Some of the influential U.S. manufacturers named to the new council in addition to Musk include AFL-CIO president Richard Trumka, Intel CEO Brian Krzanich, Dell CEO and founder Michael Dell, Ford CEO Mark Fields, Boeing’s Dennis Muilenburg, Corning’s Wendell Weeks, General Electric’s Jeff Immelt, and Lockheed Martin’s Marillyn Hewson.

News
Tesla contract with Baltimore paused after city ‘decided to go in a different direction’

Last Summer, Tesla landed a $5 million contract with the City of Baltimore for a fleet of electric vehicles for the local government. However, Mayor Brandon Scott decided to pause that investment in September after the City “decided to go in a different direction.”
This is according to John Riggin, spokesman for the city’s Department of General Services. Riggin confirmed that the contract with Tesla has not been fulfilled, and Baltimore is going with other options for the time being:
“No Tesla units have been ordered, and none are in the City’s fleet.”
It now seems that the contract, which was set to be run until 2027, is not really a typical “contract” in the sense of the word. Riggin said the city is not obligated to spend the money for vehicles from Tesla, and that it is evaluating offerings from a variety of OEMs, including Ford and General Motors.
Tesla chosen over Ford for $5 million Baltimore City EV fleet
Riggin said the value of the contract is more of a ceiling and not necessarily an obligation to spend the committed amount in full.
The contract has not been canceled officially, but City Comptroller Bill Henry said to the Baltimore Sun that it has gone back to purchasing Mustang Mach-Es from Ford, the vehicle that was snubbed for Teslas back in July when things were initially decided.
The timing of the pause is interesting, and it does not seem to have anything to do with CEO Elon Musk’s direct involvement with the Trump administration, although the EV maker’s frontman was already vocalizing his distaste for the Democratic White House run by the Biden Administration.
Baltimore has a citywide goal of achieving carbon neutrality by 2045, and has used EVs in its fleet for several years to reach that goal. It plans to electrify the city vehicle fleet by 2030.
News
Tesla at risk of 95% crash, claims billionaire hedge fund manager
Tesla stock has been extremely volatile as of late amidst souring sentiments over CEO Elon Musk’s political leanings.

Christer Gardell, a Swedish billionaire and hedge fund manager, issued a stark warning about Tesla stock and what he believes are bubbles in the stock market. The billionaire’s insights about Tesla were shared during an interview with EFN.
Tesla stock has been extremely volatile as of late amidst controversies and souring sentiments over CEO Elon Musk’s increasingly political leanings.
Alleged Tesla (TSLA) risks
Gardell did not mince words about Tesla, stating that the electric vehicle maker’s valuation could drop as much as 95% due to the “circus” surrounding its CEO.
“Tesla, especially now with the whole Musk circus going on everywhere, is probably the most expensive stock on the global stock exchanges right now. It could go down 95% – and maybe it should go down 95%,” he said in the interview.
The Swedish billionaire sees Tesla as fundamentally a car company. Thus, he does not understand why the market has given the EV maker such a high value. For context, the Tesla story has been changing in recent years, with the company growing its energy business and delving into AI and robotics.
Gardell Slams “Eternal Bubble“
Gardell believes the EV maker has become a poster child of sorts of a market that has become speculative, where share prices do not reflect true valuations anymore, as noted in a CarUp report. The hedge fund manager noted that in Tesla’s case, this “eternal bubble” should have burst long ago.
“I have commented that it should have burst over the past five years, but it still hasn’t. The valuation is incomprehensible,” he explained. The hedge fund manager, however, noted that once the crash happens, the decline would be dramatic.
“It’s always hard to say when. It could happen in a month, six months, a year, three years, or five years – it’s impossible to answer. Because there’s so much money dominating the stock market now, and they don’t care about the value of the shares, they speculate on price movements,” he said.
U.S. Stocks Overpriced, Europe Offers Value
Looking beyond Tesla, Gardell flagged broader risks in the U.S. stock market, which he described as significantly overvalued. “American stocks have received very large flows recently. If you look at the American stock market, it is very expensive, both from a purely absolute perspective and from a historical perspective,” he stated.
In contrast, Gardell touted European stocks as a more attractive option for investors. “And the difference between American stocks and European stocks has never been greater. Normally, European stocks have had a discount of 20%, now it is 40%. And that is too high,” he noted.
News
Tesla store shooting incident under investigation

Oregon police are investigating a shooting incident involving a Tesla store.
A Tesla store in Tigard, a city southwest of Portland, was vandalized around 2:00 am on Thursday, March 6.
“The damage was discovered by employees who arrived for work this morning (3/6/25) at the dealership on SW Cascade Avenue. Investigators believe at least 7 shots were fired, damaging 3 cars and shattering windows. One bullet went through an office wall and into a computer monitor. Fortunately, this happened overnight when the property was unoccupied,” stated a Tigard Police report.
Crime scene technicians and investigators are gathering physical and video evidence of the shooting. Tigard Police did not officially announce a motivation for the shooting at the Tesla store. However, they acknowledge that a few Tesla locations have been targeted across Oregon and the nation.
Tesla locations across the United States and abroad have been experiencing attacks recently. Most of the company’s locations experience arson attacks. For instance, in France, around a dozen Tesla vehicles were reportedly torched in a suburb near Toulouse. Meanwhile, in Massachusetts, a few Tesla Superchargers were allegedly set on fire near a shopping center. Tesla protests have also started in various locations.
Police have not provided an official reason or motivation for all the arson attacks and the Oregon shooting because they are still under investigation. However, Elon Musk is definitely at the root of the matter.
Elon Musk has recently found himself the target of plenty of ire in the United States and Europe. Tesla is taking the brunt of all the anger pointed toward Musk.
-
News4 days ago
SpaceX announces Starship Flight 8’s new target date
-
News2 days ago
Tesla at risk of 95% crash, claims billionaire hedge fund manager
-
News5 days ago
Tesla launches fresh U.S. promotions for the Model 3
-
News2 days ago
Tesla contract with Baltimore paused after city ‘decided to go in a different direction’
-
Elon Musk6 days ago
Tesla mulls adding a new feature to fight off vandals as anti-Musk protests increase
-
Elon Musk3 days ago
Tesla UK sales up over 20% despite Elon Musk backlash
-
News6 days ago
Tesla starts Model Y ‘Launch Edition’ deliveries in the U.S.
-
News7 days ago
Tesla’s lead designer weighs in on plans for these two Model Y colors