Today
BYD cemented its lead over Tesla in 5 minutes
Elon Musk’s politicking damages his electric vehicle brand, but the underlying problem is its relatively old line-up of models, even as Chinese competitors change the game.
US chief justice scolds Trump over judges threat
Justice John Roberts issued a rare statement that described the president’s threat to impeach judges as not an appropriate response.
Short sellers book $25b profit from Tesla’s share price plunge
The recent profits mark a partial reversal of what has been a painful trade in recent years, with many hedge funds forced to give up on their negative bets as losses mounted.
Yesterday
As Tesla tanks, Musk’s hand-picked Australian chair is doing just fine
Robyn Denholm has reaped $682 million in cash and stock, which is being criticised as the shares plunge and investors question her oversight of the famous CEO.
This Month
NASA’s stranded astronauts one step closer to home
A SpaceX capsule arrived at the International Space Station in a crew-swap mission that will allow a pair of stuck astronauts to return home after nine months.
How Trump shattered exuberance for the US economy
The predicted US slowdown is remarkable in that it is largely a self-inflicted wound driven by the administration’s own policies, rather than external shocks.
Sell-off could worsen; Cannon-Brookes’ jet conflict; Myer’s big changes
Read everything that’s happened in the news so far today.
Musk’s cuts fail to stop record US spending
US federal government spending rose to $953 billion in February despite DOGE’s hyperactive efficiency drive, data shows.
A great unravelling is under way in the greatest country on earth
I am haunted by Abraham Lincoln’s warning that the only power that can destroy America is ourselves. If you aren’t worried by that prospect, you are not paying attention.
Tesla director James Murdoch dumps $21m stake in Musk carmaker
The estranged son of media magnate Rupert Murdoch has been on the board since 2017. Other insiders including chairman Robyn Denholm are also selling down.
‘We’re not embarrassed’: Tesla owners shrug off Musk stigma
There’s no need for a sticker saying ‘I Bought This Before Elon Went Crazy’ on a Tesla for these owners, who think the car is wonderful.
Palantir’s Alex Karp vaults to top of best-paid US tech executives
The data intelligence group’s chief cashed in on surging shares to make $3 billion, behind only Meta’s Mark Zuckerberg.
ASX dives 1.6pc; Tariffs ‘entirely unjustified’; The threat worse than tariffs
Read everything that’s happened in the news so far today.
The only question now is how Trump gets rid of Musk
Having given the billionaire more power than any private figure in US history, the president is watching his benefactor turn into an albatross.
Trump’s efforts to help Tesla could hurt it instead
Elon Musk has become the face of the US administration’s slash-and-burn government downsizing efforts, affecting the car company’s sales, share price and future funding options.
Trump buys a new Tesla on White House driveway to support Musk
The move came as the electric car company faces blowback due to the chief executive’s work to advance the president’s agenda and cut public service jobs.
Trump says he’ll buy a Tesla to support Musk after shares plunge
In a post just after midnight, Trump said he would buy a new Tesla “tomorrow morning” as a “show of confidence and support for Elon Musk, a truly great American”.
Tesla tanks, X is hacked. Is Musk minding his own businesses?
Questions about the billionaire’s continuing oversight of his companies are coming to a head as he spends more time in Washington on DOGE.
Battered beaches aside, Qld leader just gave his ‘best briefing’
David Crisafulli says it’s the best briefing the state has in a little while; squatters in flood-ravaged homes to be kicked out. How the day unfolded.
Biggest losers from Trump slump are the billionaires who backed him
Companies owned by the moguls lining up to support the US president have lost $US1.43 trillion in market value since his inauguration.