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Political and economic observers might want to familiarize themselves with the wonky concept of 'impoundment.' Donald Trump (and 'first buddy' Elon Musk) could make it front and center in 2025.
Elon Reeve Musk FRS (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include ownership of X Corp., the company that operates the social media platform X (formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
In March 2020, in response to a request to repurpose the Tesla factory to make urgently needed ventilators, Musk promised that Tesla would make ventilators "if there is a shortage". [ 262 ] [ 263 ] [ 264 ] When Nate Silver responded that there was a current shortage, Musk replied, "Ventilators are not difficult, but cannot be produced instantly.
How did Elon Musk start making money? Elon Musk began building his fortune by starting the company Zip2. The company was acquired by Compaq in 1999 for $307 million, of which a 27-year-old Musk ...
Elon Musk in 2023 Elon Musk is the wealthiest person in the world , with an estimated net worth of US$486 billion as of December 2024 [update] , according to the Bloomberg Billionaires Index , and $464 billion according to Forbes , primarily from his ownership stakes in Tesla, Inc. and SpaceX .
“There’s always people around Trump that are looking to make money off access, Elon stands in their way,” the second source said. There are also those who see the South African-born Musk as ...
The problem with being the most popular account on your own social media platform is there’s just no way of discreetly deleting an embarrassing post before millions of people have already read it.
Wudrick said, "Tesla and their wealthier customers are making off like bandits at taxpayers' expense." [97] Tesla has faced significant criticism regarding its Giga New York factory, which was built and equipped using nearly $1 billion in New York taxpayer money. Allegations in 2018 and 2019 include inflated job promises, cost overruns ...