ERNews

Pakistan, June 7 -- Elon Musk is "very welcome" in Europe, a European Commission spokesperson said Friday, following the billionaire's very public falling-out with U.S. President Donald Trump. The lighthearted remark came during a regular press briefing in Brussels, where the growing rift between the two powerful figures took center stage. Trump and Musk, once political allies, have been locked in a heated dispute this week. Trump expressed "deep disappointment" with Musk's harsh criticism of a Republican tax and spending bill, which includes cuts to electric vehicle subsidies. The two traded jabs online, causing a public meltdown of their relationship. When asked whether Musk had contacted the EU to discuss moving his business interests or starting new ventures in Europe, commission spokesperson Paula Pinho smiled and replied, "He's very welcome." Tech spokesperson Thomas Regnier echoed the sentiment, saying the EU is open to entrepre...

With President Donald Trump and SpaceX founder and CEO Elon Musk exchanging barbs during a June 5 social media spat , potential space-industry threats emerged — cancellation of Musk's federal contracts and decommissioning SpaceX Dragon spacecraft — that could pack profound impacts for Florida's Space Coast. That said, Don Platt, director of the Florida Institute of Technology's Spaceport Education Center in Titusville, believes it is best to "take it all with a grain of salt." He noted that SpaceX and the U.S. government depend heavily on each other. "Honestly, I think this is mostly bluster," Platt said. Start the day smarter. Get all the news you need in your inbox each morning. "I see Musk has backed down on his statement now about decommissioning the Dragon modules. I think he was more pointing out the fact that, indeed, the government is very much reliant on all sorts of SpaceX's technology right now,...

With President Donald Trump and SpaceX founder and CEO Elon Musk exchanging barbs during a June 5 social media spat , potential space-industry threats emerged — cancellation of Musk's federal contracts and decommissioning SpaceX Dragon spacecraft — that could pack profound impacts for Florida's Space Coast. That said, Don Platt, director of the Florida Institute of Technology's Spaceport Education Center in Titusville, believes it is best to "take it all with a grain of salt." He noted that SpaceX and the U.S. government depend heavily on each other. "Honestly, I think this is mostly bluster," Platt said. Start the day smarter. Get all the news you need in your inbox each morning. "I see Musk has backed down on his statement now about decommissioning the Dragon modules. I think he was more pointing out the fact that, indeed, the government is very much reliant on all sorts of SpaceX's technology right now,...

Tesla TSLA shares had their worst day since March, falling 14% on Thursday as the feud between Elon Musk and President Trump continues to heat up, and is making international headlines. In the aftermath of his 130-day term ending as a special government employee, Musk has publicly criticized the Trump administration’s budget reconciliation bill after previously heading the Department of Government Efficiency (DOGE). The Pros of Musk’s DOGE Exit Despite losing favoritism in the White House, Tesla shareholders have previously called on Musk to focus his attention back on the leading EV maker amid declining sales. Underlying this is that having a CEO push a political agenda had disrupted public sentiment, with Tesla facing significant losses of more than $100 million this year regarding vandalism at its dealerships and EV charging stations, which spilled over from nationwide protests targeting Elon ...

Last week, Elon Musk left Washington, concluding one of the most unusual sagas in recent presidential history. Known for leading the Department of Government Efficiency (DOGE) , Musk leaves behind a significant effort to identify and eliminate waste and fraud in federal departments. His departure marks a pivotal moment, as the baton is passed to President Trump and future leaders to continue this mission. The impact of Musk's work is profound, with identified cuts estimated at $157 billion. President Trump has expressed his unwavering commitment to ensuring that the cuts identified by DOGE become permanent. According to Trump, DOGE successfully pinpointed significant reductions, estimating a total of $157 billion. He highlighted specific examples, such as $101 million in contracts for DEI at the Department of Education and $59 million for hotel rooms for illegal immigrants in New York City. Despite the progress, the deeper cuts, amounting to the $157 billion ...