Elon Musk

Tesla has launched a refreshed Model Y in China as it fights off fierce competition from local rivals.The new Model Y is also available to order in Australia and parts of Asia, but there's no sign of a US release yet.Tesla is under pressure, with annual sales falling even as Chinese competitors like `BYD report…

President-elect Donald Trump's transition will be funded entirely by private donors. His unprecedented move to reject federal funds typically allocated to presidential transitions allows him to shield the identity of donors. We explore why this matters in a video collaboration between Politico and Business Insider.

Elon Musk and Vivek Ramaswamy aim to cut up to $2 trillion from the federal budget by July 4, 2026.They've said they'll fire federal employees, "delete" agencies, and publicize all of their work.The DOGE leaders have name-dropped many causes they may target, like DEI efforts and public media.Elon Musk and Vivek Ramaswamy have big plans…

Mark Zuckerberg's plan to replace fact checkers with "community notes" is a familiar one.A similar system of community moderation is already in place on Elon Musk's X.On X, community notes let users add context to posts. Meta has said it seems to work well.Mark Zuckerberg says Meta will use "community notes" to moderate content on…

Bluesky, an alternative to X, saw a surge of users after Donald Trump was elected in November.The company is raising new funding that would value it around $700 million, according to three sources.The round is being led by Bain Capital Ventures, per the sources. Bluesky is in the final stages of raising new funding led…

A friend of Charlie Munger's says Munger doubled his money on a contrarian bet soon before his death.The friend, Li Lu, gave an interview in which he discussed Munger's careful approach to investing.Li also described dramatically different approaches to risk tolerance between Munger and Elon Musk.Charlie Munger was still sniffing out bargains and scoring big…

Donald Trump is stacking his second administration with a slate of Silicon Valley insiders.The president-elect has tapped at least a dozen tech leaders for government roles.These are the businessmen, tech gurus, and venture capitalists who will help Trump govern.President-elect Donald Trump is stacking his second administration with a cadre of Silicon Valley insiders.In recent months,…

Elon Musk said Reform UK's Nigel Farage "doesn't have what it takes" to be the party's leader.It comes after Farage disagreed with Musk's support for jailed far-right activist Tommy Robinson.Musk's comments came just hours after Farage called the Tesla CEO a "friend" in an interview.Elon Musk appears to have turned on Reform UK's Nigel Farage,…

Republicans nearly unanimously reelected Mike Johnson as speaker of the House.It avoids what could've been an early embarrassment for Trump and the GOP.After winning, Johnson pledged to "drastically cut back the size and scope of government."In a stunning turn of events on Friday, Rep. Mike Johnson of Louisiana was reelected as speaker of the House…

Experts told BI the explosives detonated in an apparent attack outside a Trump hotel didn't appear sophisticated.One explosives expert said the incident, where the driver was an active-duty Army service member, appeared "poorly executed."Authorities said the explosives were "not what we would expect from an individual with this type of military experience."Explosive experts told Business…