But Wyden’s concern also highlighted another major conflict of interest that makes Musk’s powers worrying: his ties to China. “I am concerned Musk’s enormous business operations in China—a country whose intelligence agencies have stolen vast amounts of sensitive data about Americans, including...
Blumenthal said Elon Musk isn't the only big tech executive with strong economic ties to China, pointing to Apple CEO Tim Cook. Blumenthal said Apple collects 20% of its sales and bases 80% of its suppliers in China. When forced to choose between American security and hugely profita...
Democrats protest in Congress with 'Musk steals' signs In a lengthy address to Congress on Tuesday, Mr Trump praised Mr Musk's work , prompting two standing ovations from Republicans in the chamber.The president made exaggerated claims about alleged government abuse Mr Musk and his team had unc...
The lawsuit alleges that the performance-based stock option grant was negotiated by the compensation committee and approved by Tesla board members who had conflicts interest due to personal and professional ties to Musk, including investments in his companies. It also alleges the shareholder v...
Elon Musk, already the world’s richest person, saw his net worth grow by a staggering $213 billion this year alone—largely driven by his close ties to President-elect Donald Trump and the rallying performance of Tesla, SpaceX, and his other ventures. The combined net worth...
In January,Bloomberg reportedthat Chinese officials were analyzing the possibility of Musk, with his close ties to President Donald Trump, acquiring the platform. That same month, Trump said he wouldbe opento Musk buying the platform "if he wanted to buy it." ...
The change was unsurprising—Musk has been open about his ambition to build an “everything app” like China’s WeChat and has already changed the business name to X Corp—but it was sudden." Like Sam Altman's WorldID and WorldCoin, the U.S. Government may soon be using "X" to ...
In her ruling, McCormick wrote that "The process leading to the approval of Musk's compensation plan was deeply flawed," given Musk's "extensive ties" to the people negotiating the deal. Among them was the chair of the comp...
On top of that, Musk's ties with Trump could help stave off competition, as the president-elect's expected plans to ease environmental regulations slow rival automakers' EV ramp-ups while higher tariffs aimed at China hold off cheaper Chinese imports. ...
Related article Before DOGE, Ramaswamy spent years attacking Musk for ties to China For now, industry groups and lobbyists around Washington are in a wait-and-see mode, with some expressing skepticism over how seriously to take Ramaswamy’s threats. “I would say we’re a few steps from...