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The Latest Breaking News from Elon Musk

Tesla Earnings Miss, But Musk Refocuses and Bulls React

For investors trying to make sense of Tesla’s latest quarter, here’s what stood out and how to think about the setup from here.

MarketBeat

Tesla’s fall in numbers: The staggering profit drops that forced Musk to step back from DOGE

ANALYSIS : A 71 per cent drop in profits and tanking share price have forced Elon Musk to cut down his time as Trump’s costcutter-in-chief. Alicja Hagopian and Karl Matchett explore what happened

The Independent UK

$50 million prize funded by Musk foundation goes to Indian carbon-capture company

An Indian company that spreads crushed rock on farmers’ fields to draw climate-warming carbon dioxide from the atmosphere has won the $50 million grand prize in a global competition funded by Elon Musk’s foundation

The Independent UK

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Ransomware hackers demand victims justify their jobs, or pay up

This new ransomware attack is asking victims to list five bullet points from their working week, like Musk did recently.

TechRadar

First Thing: US lawmakers decry ‘national disgrace’ of student detentions on visit to Ice jails

Delegation reports poor conditions. Plus, Musk says he will step back slightly from Doge after Tesla profits slide 71%

The Guardian - UK

Apple Is Going Head-to-Head With Elon Musk’s SpaceX. Should You Buy or Sell AAPL Stock as the Battle Rages On?

With Apple taking on SpaceX in orbit, is AAPL stock a buy, or is it facing a cosmic-sized risk?

Barchart

Stocks Set to Extend Rally on Fed Reprieve and Trade Optimism, U.S. PMI Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM25) are up +2.01%, and June Nasdaq 100 E-Mini futures (NQM25) are up +2.51% this morning, extending yesterday’s rally as sentiment got a boost after the Trump administration’s move to alleviate some of the tensions unsettling investors.

Barchart

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Trump says US education is getting out of DEI ‘after being in that jungle for a long time’ – as it happened

Executive orders crack down on DEI at US universities but seek to increase affordability and retention at Black colleges. This blog is now closed.

The Guardian - US

Trump praises $5,000 ‘baby bonus’ for moms after they give birth: ‘It’s a good idea’

The self-styled ‘fertilization president’ endorsed the idea of a cash incentive for new mothers

The Independent UK

Elon Musk says Tesla robot production hit by trade war with China

Tesla planned to produce thousands of Optimus robots this year, but are now lacking a key component

The Independent UK

Elon Musk claims Tesla is the top robot company but worries that Nos. 2 through 10 will be Chinese

The Tesla CEO revealed that production of the Optimus robot has been disrupted by trade frictions.

Fortune

Elon Musk to reduce role at Doge as Tesla struggles to sell cars

Elon Musk has said the time he spends with Donald Trump’s Department of Government Efficiency (Doge) will “drop significantly” from May and…

The National (Scotland)

How Musk Stepping Back From DOGE Could Jolt Tesla's Future

Elon Musk is scaling back his White House role to rescue Tesla after a 71% profit plunge and a brand crisis. Will his return spark a comeback or fall short? Share your take!

International Business Times UK

Elon Musk is stepping back from DOGE. Here’s why

IN FULL

The Independent UK

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The Independent UK

Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but would not hit zero

Fortune

Elon Musk was going to wrap up with DOGE after 130 days. Now it’s ‘a day or two’ per week for the rest of Trump’s term

With roughly 36 weeks left in the year, Musk could spend between 36 and 72 more days aiding President Trump this year—on top of the roughly 90 days he’s already been there.

Evening Standard

Elon Musk to slash Doge work as 'blowback' hits Tesla profits

Tesla has seen its profits plunge by 71% this year

Euronews

Tesla earnings decline as anti-Elon Musk sentiment hampers sales

Tesla’s first-quarter automotive revenue dropped 20% year-on-year due to reduced deliveries affected by anti-Musk sentiment, factory retooling, and seasonal factors. The company also faces supply chain and cost challenges linked to the US–China trade war.

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International Business Times

Musk To Reduce White House Role As Tesla Profits Plunge

"Probably in the next month, my time allocation to DOGE will drop significantly," Musk said at the outset of an earnings conference call, referring to his work for the "Department of Government Efficiency."

Al Jazeera

Musk says he’ll spend less time working with Trump after Tesla profits sink

Tesla CEO says he will spend ‘far more’ of his time running carmaker after putting cost-cutting team in place.

Fortune

Elon Musk says first Tesla robotaxis in Austin will be a fleet of 10 to 20 Model Ys but gives few details: ‘You can just see for yourself in two months’

The Tesla robotaxi service, as stated, would be a significant leap in capability from what is currently available.

The Independent UK

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

Asian shares are mostly higher, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve

The Conversation

After stunning comeback, centre-left Liberals likely to win majority of seats at Canadian election

In Canada, the governing centre-left Liberals had trailed the Conservatives by more than 20 points in January, but now lead by five points and are likely to win a majority of seats at next Monday’s election. Meanwhile, United States President Donald Trump’s ratings in US national polls have dropped to…

The Guardian - US

Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

Salon

Musk promises less time at DOGE

Musk told investors that his time at DOGE would "drop significantly" following a disastrous quarter

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