Workflow
SpaceX
icon
Search documents
GOP's megabill impact on Elon Musk empire
CNBC Television· 2025-07-01 18:09
Market Performance & Stock Impact - Tesla shares are down 45%, on track for a six-day losing streak, the worst since February, and down about 13% at this time [2] - Tesla has fallen below $1 trillion in market capitalization for the first time since early last month, and is down 25% this year [3] - Tesla has overtaken Apple as the worst-performing stock this year, with Apple down 17% [3] Government Funding & Policy Impact - Since 2003, Musk's companies have received approximately $23 billion in federal funding [5] - Musk's empire could miss out on an estimated $48 billion in federal funds over the next decade [6] - The tax bill eliminates tax credits for EVs, which is a significant incentive for Tesla and other EV buyers [7] - The government may scrutinize Tesla's robotaxi ambitions more closely, especially after reports of malfunctions in Austin [8] Executive & Political Dynamics - The President addressed Elon Musk's criticism of the spending bill [1] - The President implied he could cut Musk's company contracts [7][10] - Musk criticized the deficit and debt spending aspects of the spending bill [4] - Trump threatened to turn Doge against Musk and potentially cut federal contracts [7][10]
X @Tesla Owners Silicon Valley
RT Tesla Owners Silicon Valley (@teslaownersSV)We have 12 incredible panels and 22 panelist 👥 lined up for @theXtakeover event on July 26th!Everything from Tesla ⚡️, SpaceX 🚀, Neuralink 🧠, AI 🤖, Crypto 💰, and more!Register today at - https://t.co/T5sY3Z9t2o https://t.co/Xstc1J9D69 ...
Should You Forget Apple and Buy These 2 Millionaire-Maker Stocks Instead?
The Motley Fool· 2025-07-01 17:05
Group 1: Apple Stock Performance - Apple shares have fallen by nearly 20% this year, making it one of the worst-performing stocks among the "Magnificent Seven" [1] - The question arises whether investors should consider shifting focus from Apple to other stocks [2] Group 2: MercadoLibre - MercadoLibre operates the largest e-commerce network in Latin America, generating $22.4 billion in revenue over the last 12 months [5] - Revenue increased by 37% in the most recent quarter, while net income surged by 44% [5] - Gross merchandise value (GMV) increased by 17% overall, with GMV in Argentina alone skyrocketing by 126% [5] - The fintech arm, Mercado Pago, has 64 million monthly active users, a 31% increase from the same quarter last year [6] - E-commerce in Latin America is still in its early stages, with MercadoLibre expanding its logistics network to lower fulfillment costs [7] Group 3: Rocket Lab USA - Rocket Lab provides small satellite launches using reusable rockets, with a growing demand for space launches due to increasing space-based infrastructure [9][10] - The company launched 16 missions last year, while its competitor SpaceX launched 138 [9] - Rocket Lab's stock has advanced by nearly 600% over the last 12 months, driven by a 43% increase in trailing-12-month revenue from $327 million to $466 million [11] - The company has partnered with the U.S. Department of Defense and various defense contractors to meet the demand for military and intelligence equipment in space [11] - Despite the lack of profits and negative free cash flow, Rocket Lab presents an opportunity for investors bullish on the space economy [12][13]
Threats to SpaceX & Tesla as Musk, Trump feud heats up
CNBC Television· 2025-07-01 16:36
Uh let let's hit Tesla because actually it is now the worst performer in the MAG 7 this year falling below Apple after the feud between Musk and Trump erupted again overnight. For today's tech check segment, Steve Kovak on the parts of Musk's empire that could be vulnerable here by retaliation, Steve, after Trump reiterated this morning when he touched down in Florida that Doge is going to go after Musk. Yeah, some direct uh threats there or at least implied threats there, Sarah.But look over this big beaut ...
[4K] ISS Live: 24/7 Views of Earth & Station To Ground Comms
The Launch Pad· 2025-07-01 16:16
Fly around the world every 90 minutes with these incredible live camera views and listen to real-time stations to ground communications all from the International Space Station. Join our community Discord! https://discord.com/invite/xCm9UpDPE4 This coverage is made possible by our amazing community! Consider becoming a The Launch Pad Member and go behind the scenes with early video access, behind the scenes live streams and more! SUBSCRIBE to The Launch Pad! https://www.youtube.com/@TheLaunchPad SUBSCRIBE t ...
X @Bankless
Bankless· 2025-07-01 14:25
STOCK TOKENS!@RobinhoodApp is rewiring Wall St at their "To Catch a Token" summit in Cannes.Tokenizing private companies is insane.CEO @vladtenev tell us:- 1M @OpenAI + 500k @SpaceX shares- 24/7/365 Stock Trading- Arbitrum wins 10% of RH Chain Sequencer FeesFull interview 👇 ...
X @Tesla Owners Silicon Valley
We have 12 incredible panels and 22 panelist 👥 lined up for @theXtakeover event on July 26th!Everything from Tesla ⚡️, SpaceX 🚀, Neuralink 🧠, AI 🤖, Crypto 💰, and more!Register today at - https://t.co/T5sY3Z9t2o https://t.co/Xstc1J9D69 ...
Republic co-CEO Andrew Durgee on the launch of SpaceX token
CNBC Television· 2025-07-01 13:09
through again, that's President Trump making those comments on the white House lawn. >> Okay, let's get back to our guest. Joining us right now again, Andrew Turkey.He's the co-CEO of investing platform Republic Republic, announcing it launched a SpaceX token, of course, SpaceX owned by Elon Musk, which mirrors the performance of private shares of the company. Actually, you know what. Before we even go there, let me just ask you, since we've been watching this together.Sure. One of the big questions about, ...
Tesla Nosedives In Premarket As Trump Suggests DOGE Should Probe Subsidies For Musk's Firms
Forbes· 2025-07-01 12:00
Core Viewpoint - Tesla's shares experienced a decline of over 5% in premarket trading due to renewed tensions between President Trump and Elon Musk, with Trump suggesting that government subsidies for Musk's companies should be scrutinized [1][5]. Group 1: Stock Performance - Tesla's stock price briefly fell below $300, settling at approximately $301.10, down 5.2% early Tuesday [2]. - Since the public feud began last month, Tesla's shares have decreased by more than 9.2% [2]. - The shares had previously dropped below $285 last month during the initial public exchanges of criticism between Musk and Trump [3]. Group 2: Key Events and Reactions - The decline in Tesla's shares followed Trump's response to Musk's criticism of his budget bill and Musk's threat to fund primary challenges against GOP members supporting the bill [5]. - Musk criticized the spending bill on his X platform, stating that if it passed, a new political party would be formed [5]. - Trump retaliated by suggesting that without federal subsidies, Musk's companies might need to shut down, implying significant savings could be achieved by eliminating these subsidies [5]. Group 3: Financial Implications - Elon Musk's net worth is estimated at $406.5 billion, making him the world's richest person, but this figure is likely to decrease if the premarket dip in Tesla's shares persists [4].
Tesla shares tumble after Trump says DOGE should look at Elon Musk's subsidies
CNBC· 2025-07-01 11:48
Core Points - Tesla shares faced pressure following President Trump's suggestion to investigate cutting subsidies for Elon Musk's companies [1][2] - Trump claimed that Musk may receive more subsidies than any individual in history, implying that without these subsidies, Musk's ventures could cease operations [2] - Tesla's stock dropped over 5% in premarket trading, indicating investor concern over the potential impact of subsidy cuts on Musk's companies, including SpaceX and Starlink, which rely heavily on government support [3]