Elon Musk Might Not Be Able to Salvage Tesla’s Value After All
Tesla’s value is crashing, despite #ElonMusk & #DonaldTrump ’s best efforts.
https://newrepublic.com/post/192701/elon-musk-donald-trump-tesla-value
"Elon Musk’s rightward turn has led to a downward spiral for #Tesla...
“Tesla is becoming a #political symbol of #Trump & #DOGE, & that is a bad thing for the brand”...
Trump said... acts of #violence against Teslas would be considered #DomesticTerrorism, cementing the automaker’s status as a state symbol"
![Sub-heading and text(edited for length):
Two lawsuits could provide further insight into DOGE
On Wednesday, US District Judge Tanya Chutkan ordered Musk and his DOGE collaborators to provide records and testimony about its plans to slash federal agencies. The order seeks to establish the “parameters of DOGE’s and Musk’s authority.” From Politico:
"[Chutkan’s order] is a win for a group of 14 Democratic state attorneys general who are suing President Donald Trump, Musk and DOGE, arguing that Musk has unconstitutionally wielded immense power in ways that are damaging their states. Any information the states glean as a result of Chutkan’s decision will help her determine whether to block Musk and DOGE’s government activities altogether. It’s the first time a judge has ordered Musk to produce documents in a court challenge to his aggressive campaign to slash and reshape the federal bureaucracy."
Musk and DOGE have three weeks to fulfill the discovery requests.
...a Monday night ruling from U.S. District Judge Christopher Cooper requiring DOGE to expeditiously process Freedom of Information Act requests...
Remarking on the initiative’s “unusual secrecy,” Cooper wrote in a 37-page opinion that DOGE has exercised “unprecedented” authority without congressional input. “The rapid pace of [DOGE’s] actions, in turn, requires the quick release of information about its structure and activities,” the judge wrote. “That is especially so given the secrecy with which DOGE has operated.”](/proxy/post_attachment/1602459/b336f46f9b.png "Sub-heading and text(edited for length):
Two lawsuits could provide further insight into DOGE
On Wednesday, US District Judge Tanya Chutkan ordered Musk and his DOGE collaborators to provide records and testimony about its plans to slash federal agencies. The order seeks to establish the “parameters of DOGE’s and Musk’s authority.” From Politico:
\"[Chutkan’s order] is a win for a group of 14 Democratic state attorneys general who are suing President Donald Trump, Musk and DOGE, arguing that Musk has unconstitutionally wielded immense power in ways that are damaging their states. Any information the states glean as a result of Chutkan’s decision will help her determine whether to block Musk and DOGE’s government activities altogether. It’s the first time a judge has ordered Musk to produce documents in a court challenge to his aggressive campaign to slash and reshape the federal bureaucracy.\"
Musk and DOGE have three weeks to fulfill the discovery requests.
...a Monday night ruling from U.S. District Judge Christopher Cooper requiring DOGE to expeditiously process Freedom of Information Act requests...
Remarking on the initiative’s “unusual secrecy,” Cooper wrote in a 37-page opinion that DOGE has exercised “unprecedented” authority without congressional input. “The rapid pace of [DOGE’s] actions, in turn, requires the quick release of information about its structure and activities,” the judge wrote. “That is especially so given the secrecy with which DOGE has operated.”")
