Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]
Musk turns on Trump amid tariff fallout April 7, 2025 Elon Musk, once one of Donald Trump’s most high profile allies, is now publicly breaking ranks with the President over a new wave of tariffs. Once lauded by Trump as a “patriot”, and trusted with a role in streamlining the federal government, Musk is now casting doubt on the administration’s economic direction, openly challenging the [...]
Tesla pays the price for Elon Musk’s politics April 3, 2025 People do strange things when passions are running high. Take the brave protester in Bristol, who last month felt he had to take a stand against the Bond villain/visionary entrepreneur (delete as appropriate) Elon Musk. Armed with an anti-Musk poster and a large metal pole, he set about smashing up a parked Tesla in an [...]
US tariffs: Reynolds urges ‘cool heads’ over trade negotiations March 27, 2025 Jonathan Reynolds has said it is a time for “cool heads” as the UK engages with the US over tariff plans despite holding a “different set of views” on trade policy. It comes after Chancellor Rachel Reeves said the UK is not planning “at the moment” to introduce retaliatory tariffs on the US, after President [...]
Schiehallion: Value of Spacex stake in Baillie Gifford trust skyrockets March 26, 2025 Baillie Gifford’s Schiehallion trust marked up the value of its holdings in Elon Musk’s Spacex by 86 per cent last year, as the trust worked to close the gap between its share price and underlying assets. The valuation of Spacex, which makes up 9.4 per cent of Schiehallion’s portfolio, has increased by more than 600 [...]
Why boss of FTSE 100 giant Auto Trader might ditch his Tesla March 25, 2025 The boss of FTSE 100 Auto Trader may ditch his Tesla in the future as rivals to Elon Musk's giant become more competitive on price.
Baillie Gifford slashes Tesla stake as investor calls on Musk to step down March 19, 2025 Baillie Gifford has slashed its stake in Tesla to a record low as a major shareholder has called on CEO Elon Musk to step down from the company. The Edinburgh-based investment manager first invested in Musk’s electric car company in 2013 and has been a strong backer of the billionaire’s firms ever since. However, a [...]
It’ll take more than a White House PR stunt to turn Tesla around March 19, 2025 Elon Musk represents a reputational risk to Tesla and the company’s value could soon collapse to near zero, says John Caudwell Tesla will need a lot more than a PR stunt on the White House driveway to reverse its current despairing fortunes as anti-Elon Musk and anti-American trade war sentiment reverberates around the globe. While [...]
Trump’s U-turn on Tesla betrays a paranoid President March 17, 2025 Trump's Tesla U-turn is not the product of an economically literate president, it is the product of a paranoid one, writes Eliot Wilson.
Elon Musk: Protesters outside London Tesla dealership call for boycott March 15, 2025 Protesters gathered outside a Tesla dealership in London have called for people to boycott the Elon Musk owned electric car maker. Organisers are encouraging Tesla owners to sell their cars and for people to dump stock. The electric car giant has already seen shares plunge since the start of the year as the firm comes [...]