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Pentagon Set Up Briefing for Musk on Potential War With China
The access would be a major expansion of Elon Musk’s govt role & highlight his conflicts of interest.
https://www.nytimes.com/2025/03/20/us/politics/musk-pentagon-briefing-china-war-plan.html?unlocked_article_code=1.5k4.bz3w.1b2kvAcmfE90&smid=nytcore-ios-share&referringSource=articleShare
"Musk’s #conflicts of interest... continuing to run businesses that are major #government contractors... #Musk... chief executive of both #SpaceX & #Tesla, is a leading supplier to the #Pentagon & has extensive financial interests in #China."
Elon Musk’s extensive ties to China, explained
His business empire needs the Chinese #government — and that could warp #American policy.
https://www.vox.com/world-politics/404621/elon-musk-china-tesla-trump
"China is vital to Musk’s car company #Tesla...
As the #US & #China appear to be hurtling headlong into a #trade war... Musk’s ties to China — and the potential leverage they could offer #Beijing in future negotiations — are getting more notice in both countries."
Tesla confirms it can’t sell the Cybertruck even with tax credit and discounts
https://electrek.co/2025/03/20/tesla-confirms-it-cant-sell-the-cybertruck-even-with-tax-credit-and-discounts/
"If deliveries are dropping even with those new incentives, it’s a clear sign that the #Cybertruck program is in distress...
#Tesla set up production at Gigafactory #Texas to be capable of 250,000 units per year... and it is now having issues selling the truck at a rate of 40,000 units per year."
Agreements so far in Japan’s spring wage negotiations are off to a solid start, with the Bank of Japan watching closely for steady wage increases as it looks to depart from decadeslong ultraloose monetary policy. https://www.japantimes.co.jp/business/2025/03/21/economy/shuto-real-wages/?utm_medium=Social&utm_source=mastodon #business #economy #shunto #unions #rengo #wages #jobs #japaneseeconomy
The Japan Times · Japanese wages likely to rise more than 5% again this year
Toyota is setting up its first research and development center in India through its local unit, signaling the market’s growing importance. https://www.japantimes.co.jp/business/2025/03/21/companies/toyota-india/?utm_medium=Social&utm_source=mastodon #business #companies #toyota #carmakers #suzuki #india #development
The Japan Times · Toyota’s new R&D unit signals its sharper India focus
Japan and China are set to hold their first economic dialogue in six years on Saturday, an event aimed at reducing tensions as the Asian giants face trade pressure from the United States. https://www.japantimes.co.jp/business/2025/03/21/japan-china-economic-talks/?utm_medium=Social&utm_source=mastodon #business #chinajapanrelations #china #trade #tariffs #us #southkorea #globaleconomy
The Japan Times · Japan and China set for economic talks as U.S. tariff pressure rises
The things you learn from The Europeans...
Japan’s households reduced their collective stash of cash at the fastest pace on record last quarter as they sought to cope with rising costs of living, according to the latest data by the Bank of Japan. https://www.japantimes.co.jp/business/2025/03/21/economy/japan-households-slash-cash/?utm_medium=Social&utm_source=mastodon #business #economy #boj #economicindicators #inflation #cashless #investments
The Japan Times · Japan’s households slash cash at record pace as inflation bites
Hon Hai Precision Industry has secured an agreement to make Mitsubishi Motors electric vehicles, scoring the first major customer for its fledging EV contract manufacturing business. https://www.japantimes.co.jp/business/2025/03/21/companies/hon-hai-mitsubishi-motors-ev/?utm_medium=Social&utm_source=mastodon #business #companies #mitsubishimotors #honhai #taiwan #electricvehicles #taiwan
The Japan Times · Hon Hai gets first major EV-making client in Mitsubishi Motors
Tesla recalled all the Cybertrucks it produced and sold in the first 15 months it’s been on the U.S. market over a safety issue it’s having trouble resolving. https://www.japantimes.co.jp/business/2025/03/21/companies/tesla-cybertruck-recall/?utm_medium=Social&utm_source=mastodon #business #companies #tesla #us
The Japan Times · Tesla recalls Cybertrucks after steel trim pieces come loose
Lyft said it plans to offer driverless vehicles on its platform "as soon as this summer,” and that it sees human drivers transitioning to other work such as fleet management as autonomous rides become more ubiquitous. https://www.japantimes.co.jp/business/2025/03/21/tech/lyft-driverless-ride-hails/?utm_medium=Social&utm_source=mastodon #business #tech #lyft #selfdriving #jobs
The Japan Times · Lyft to offer driverless ride-hails ‘as soon as this summer’
Japan’s consumer inflation has slowed for the first time in four months after the resumption of government subsidies lowered utility costs. https://www.japantimes.co.jp/business/2025/03/21/economy/japan-inflation-february/?utm_medium=Social&utm_source=mastodon #business #economy #cpi #japaneseeconomy #inflation #economicindicators
The Japan Times · Japan’s inflation slows less than expected, backing BOJ hikes
Apple is undergoing a rare shake-up of its executive ranks, aiming to get its artificial intelligence efforts back on track after months of delays and stumbles, according to people familiar with the situation. https://www.japantimes.co.jp/business/2025/03/21/companies/apple-ai-executive-ranks-shuffle/?utm_medium=Social&utm_source=mastodon #business #companies #apple #ai #siri
The Japan Times · Apple shuffles AI executive ranks in bid to turn around Siri
U.S. President Donald Trump's fast-moving effort to rewire international trade has left central banks across the globe guessing what the fallout of stagflation in the U.S. might mean for them. https://www.japantimes.co.jp/business/2025/03/21/economy/trump-trade-foreign-banks-uncertainty/?utm_medium=Social&utm_source=mastodon #business #economy #us #globaleconomy #donaldtrump #trade #tariffs #banks
The Japan Times · Trump trade upheaval leaves foreign central banks guessing
A bill that would ban the sale of THC products has passed the Texas Senate.
Houston Public Media · With passage of SB 3, Texas Senate green-lights ban on THC products in the state
Elon Musk’s X raises $1bn in new equity fundraising round
#SocialMedia group is valued at $44bn, matching the price the billionaire paid in 2022
https://www.ft.com/content/d61eed58-65ef-4fea-978a-b0915fc740f4
"The fundraising, which values X at $44bn incl #debt, comes as #Musk has forged close ties to #DonaldTrump...
Shares in #Tesla, the electric automaker co-founded by Musk, have tumbled recently as some consumers have shunned the brand, but parts of his private empire have been boosted."
$1.4bn is a lot to fall through the cracks, even for Tesla
https://archive.is/uLXoy#selection-3271.0-3271.197
"attention is returning to the group’s underlying numbers, now that its fully diluted #StockMarket valuation has crashed from $1.7tn to below $800bn.
Such anomalies can be red flags, potentially indicative of weak internal controls. Aggressive classification of operating expenses as investment can be used to artificially boost reported profits."
Tesla (TSLA) accounting raises red flags as report shows $1.4 billion missing
https://electrek.co/2025/03/19/tesla-tsla-accounting-raises-red-flags-as-report-shows-1-4-billion-missing/
"Many #Tesla shorts and detractors have questioned Tesla’s #accounting for years...
Today, the #FinancialTimes has released a new report pointing to a $1.4 billion gap in assets...
The report also points to other red flags...
but with #Trump and #Musk kneecapping the #SEC, repercussions are unlikely."
Tesla Recalls Every Single Cybertruck Over Stainless Steel Trims Falling Off
151 Cybertruck owners filed warranty claims after noticing the roof trim panel above the windows was coming loose
https://www.carscoops.com/2025/03/tesla-recalls-every-single-cybertruck-over-stainless-steel-trims-falling-off/
"If there’s one thing #Cybertruck owners can rely on these days, it’s trim pieces falling off and obscene hand gestures from fellow drivers."
