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Elon Musk Says Tesla Vandalism Linked To Trans Activism Following Daughter’s Public Criticism Elon Musk Says Tesla Vandalism Linked To Trans Activism Following Daughter’s Public Criticism
Elon Musk Says Tesla Vandalism Linked To Trans Activism Following Daughter’s Public Criticism The same day that his trans daughter slammed him in a magazine interview, Elon Musk is linking the national spree of vandalism against Tesla cars and dealerships to trans activists.  The billionaire tech mogul, now a central figure in former President Donald Trump’s fight against the bureaucratic state, took to X to amplify posts alleging that most suspects arrested in connection with the attacks are trans or nonbinary.  What are the statistics on trans violence?The probability of a trans person being violent appears to be vastly higher than non-trans. Hormone injections cause …

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by Josh Lanier
Business
Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says
Tesla Trade-Ins Hit Record High As Elon Musk's Politics Alienate Drivers, New Data Says Tesla owners are trading in their vehicles at record levels as criticism mounts against the company and billionaire CEO Elon Musk, according to new data. March has marked the highest-ever share of Tesla trade-ins toward new or used purchases at dealerships for other automakers, according to car shopping website Edmunds. The site, which receives more than 20 million monthly views, said interest in Tesla's brand is dipping and consumer loyalty is weakening. Tesla's share of vehicle trade-ins from model year 2017 or later remained steady throughout 2024, starting at 0.5 percent …

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by Chris Spiker
Business
46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate 46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate
46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate Tesla is recalling more than 45,000 of its controversial Cybertrucks after a serious safety issue was discovered with their exterior paneling, the latest in a growing list of issues for the electric automaker. Tesla has issued the recall for 46,096 Cybertrucks, the National Highway Traffic Safety Administration said. The recall impacts 2024 and 2025 models. According to the NHTSA, a stainless-steel exterior trim panel known as the cant rail may detach while driving, creating a road hazard and increasing crash risks. Tesla is offering to replace the cant rail assembly for free. The recall c…

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by Chris Spiker
Business
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say A vast majority of people in an investor survey said CEO Elon Musk's growing political influence is damaging Tesla financially, according to reports. An investor survey by Morgan Stanley said 85 percent think Musk's political activities have had a "negative" or "extremely negative" impact on Tesla's business fundamentals, CNBC reported. An analyst from the investment banking firm received answers from 245 participants, a relatively small sample with some investors who don't have Tesla stock. Shares in the electric automaker were at $247.08 when trading opened on Wednesday, Mar. 12. Tha…

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by Chris Spiker
Business
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Consumer prices rose slightly less than expected in February, but President Donald Trump's escalating trade wars and a declining labor market are keeping economic uncertainty high. Inflation increased 0.2 percent in February and 2.8 percent over the past year, according to new Bureau of Labor Statistics data released on Wednesday, Mar. 12. The yearly inflation number remained well above the Federal Reserve's two-percent target. The monthly increase was smaller than January's jump of 0.5 percent. February's figures were also a little lower than Dow Jones expectations, CNBC reported. Co…

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by Chris Spiker
Business
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal'
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla is losing its charge with many Americans as billionaire CEO Elon Musk faces plummeting sales, a freefalling stock, growing protests, and car owners distancing themselves from the controversial brand. The electric automaker's stock has more than lost all of its post-Election Day gains. Tesla shares stood at $288.53 on Wednesday, Nov. 6, 2024, and hit an all-time high of around $480 in mid-December before beginning a sharp decline. By early March, shares fell below what they posted the day after Election Day. Tesla opened for trading at $225.11 on Tuesday, Mar. 11, marking abo…

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by Chris Spiker
Police & Fire
Tesla Battery Ignites In 'Thermal Runaway' Fire At Maryland Demolition Site Tesla Battery Ignites In 'Thermal Runaway' Fire At Maryland Demolition Site
Tesla Battery Ignites In 'Thermal Runaway' Fire At Maryland Demolition Site A Tesla battery buried in debris months after a house fire suddenly reignited, sparking a hazardous "thermal runaway" fire during demolition in Montgomery County, officials said. Firefighters rushed to 21700 Peachtree Road near Barnesville Road in Dickerson around 2:45 p.m. on Wednesday, March 5, after reports of a vehicle and debris fire, according to Montgomery County Fire & Rescue spokesperson Pete Piringer. Crews arrived to find a Tesla car battery engulfed in flames as workers demolished the property where a house fire had occurred on Nov. 11, 2024.  The fire in Montgo…

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by Zak Failla
Business
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…

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by Chris Spiker
Business
Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts
Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts As Tesla's stock slides and the company faces growing scrutiny over safety issues, another recall has been issued due to more crash risks in its vehicles, officials said. Tesla has recalled 376,241 Model 3 and Model Y vehicles, the National Highway Traffic Safety Administration said. The Teslas are at risk of losing their power steering assist. A flaw in the printed circuit board of the electronic power steering assist could cause power steering failure when the vehicle stops and then accelerates again. "A loss of power steering assist can require greater steering effort, especially at low…

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by Chris Spiker
Politics
Elon Musk's Support Plunges Among Republicans: New Poll Elon Musk's Support Plunges Among Republicans: New Poll
Elon Musk's Support Plunges Among Republicans: New Poll A new poll shows a significant decline in Republican support for billionaire Elon Musk’s influence within the Trump administration. In the days following the November 2024 election, 47 percent of surveyed Republicans by Economist/YouGov expressed a desire for Musk to have “a lot” of influence in the administration.  However, the latest poll, conducted Sunday, Feb. 2 to Tuesday, Feb. 4, indicates that this figure has dropped to 13 percent. Another 25 percent say they want Musk to have “a little” influence and 46 percent said they want “none at all.” This trend suggests a growing ambiv…

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by Joe Lombardi
Politics
Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report
Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report Representatives from a team led by billionaire businessman and political activist Elon Musk have been granted access to the US Treasury Department’s payments system, a move that could significantly impact federal spending oversight, according to a new report. Treasury Secretary Scott Bessent authorized the change late Friday, Jan. 31, giving Musk’s Department of Government Efficiency (DOGE) team access to the federal payment system, which manages disbursements for the entire US government, The New York Times says.  The decision follows a standoff with David Lebryk, a longtime Treasury …

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by Joe Lombardi
News
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever $44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever Seven New Yorkers have been charged in a sweeping tax fraud scheme, accused of exploiting pandemic relief programs to steal over $44 million, federal prosecutors announced. The indictment by the US Attorney's Office for the Eastern District of New York, unsealed Wednesday, Jan. 22, alleges that the defendants filed over 8,000 fraudulent tax returns, seeking more than $600 million in COVID-19 relief funds through the Employee Retention Credit (ERC) and related programs. Investigators determined the group successfully secured $44 million from the federal government. Defendants Long Island …

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by Joe Lombardi