The feud between Elon Musk and President Donald Trump continues to escalate with Trump now threatening to withdraw government subsidies from his former billionaire ally’s companies.On this episode of the Elon, Inc. podcast, we discuss the possibility of Musk starting a third political party to challenge Republican incumbents in the upcoming primary election https://t.co/VkeF7YeEyg ...

Tesla and Chinese Market - Tesla's Model 3 and Y are included in China's rural electric vehicle promotion plan, indicating government support and market expansion opportunities [1] - Tesla's China insurance registrations reached 13,060 units in the week of May 26 to June 1, with Model Y accounting for approximately 80% of sales [1] - Tesla's Q2 sales in China show a 26% increase compared to the previous quarter, but a 214% decrease year-over-year, indicating an unstable recovery [1] - China aims to have at least 20 million electric vehicles on the road by 2025, with significant investment in charging infrastructure, especially in rural areas [1] Chinese Automotive Industry Dynamics - Chinese automotive dealers are requesting manufacturers to reduce the pressure of overstocking due to intense price wars [1] - The China Federation of Industry and Commerce's Automotive Dealers Chamber indicated that dealers are facing increasing pressure from new rounds of price cuts since Q2 [1] - China is promoting electric vehicles in rural areas to address overcapacity issues, but the long-term effectiveness of this approach is questionable [1] SpaceX Developments - SpaceX released the Starlink High-Performance Kit designed for harsh environments, offering download speeds exceeding 400 Mbps with plans for gigabit speeds via software upgrade in 2026 [2] - The Starlink High-Performance Kit is priced at $1,999, with monthly plans ranging from $65/50GB to $540/2TB, targeting enterprise and mobile deployments [2] - Elon Musk estimates SpaceX's commercial revenue will surpass NASA's entire budget next year, with SpaceX's 2025 revenue reaching approximately $155 billion [2] - NASA's proposed 2026 budget is $188 billion, a decrease from $254 billion in 2025 [2]