Elon Musk says he's worried about keeping Tesla out of bankruptcy
CNN
Tesla faces billions of dollars in losses from its new plants, supply chain problems and Covid lockdowns — enough for CEO Elon Musk to mention the possibility of bankruptcy in a recent interview.
"The past two years have been an absolute nightmare of supply chain interruptions, one thing after another," Musk said in an interview with a Tesla owners group. "We're not out of it yet. That's overwhelmingly our concern is how do we keep the factories operating so we can pay people and not go bankrupt."
Musk engaged in hyperbole elsewhere in the interview, and he may have been doing so when mentioning the risk of bankruptcy. For example, he said that automakers in general "desperately want to go bankrupt," which falls in the category of colorful language rather than strict financial analysis.
Mexico has extradited 29 alleged criminals to the United States, among them the so-called “narco of narcos” Rafael Caro Quintero, many accused of murder and several alleged members of cartels now designated as Foreign Terrorist Organizations.
The trial of a suburban Chicago man accused of a mass shooting at a 2022 Independence Day parade that killed seven people and wounded dozens more is set to begin Monday.
A top official at the US Agency for International Development (USAID) was put on leave after issuing a scathing memo blaming Trump political appointees for the US government’s inability to conduct life-saving humanitarian work.
The CEO of a plant in Georgia that makes a special peanut butter paste for severely malnourished children around the world told CNN Sunday that his company’s contracts with the US Agency for International Development that had been abruptly canceled last week were all reinstated late Sunday night.
CNN’s 5 Things AM brings you the news you need to know every morning.
President Donald Trump’s efforts to drastically cut federal spending and slash the federal workforce are already having an impact in North Carolina.
The once-obscure Office of Personnel Management, essentially the human resources department of the federal government, is now ground zero for Elon Musk and President Donald Trump’s efforts to slash bureaucracy and deconstruct vast portions of the administrative state.
“A lot of people are focused on the courts generally, and on my court in particular,” Justice Elena Kagan said.
A magnitude 3.9 earthquake struck the San Fernando Valley at roughly 10:15 p.m. Sunday night and was felt in and around Los Angeles, according to the United States Geological Survey.
Miami Beach officials recently announced they were bringing back enhanced security measures for practically the entire month of March, including parking restrictions and increased fees for nonresidents.
The US has suspended operations and planning for offensive cyber operations against Russia, a senior US official told CNN.
First lady Melania Trump is expected to speak publicly Monday, for the first time since her husband returned to office, highlighting her support for a bill aimed at protecting Americans from deepfake and revenge pornography.
The White House is making clear it views President Donald Trump’s Friday Oval Office showdown with Ukrainian President Volodymyr Zelensky as an overwhelming win underscoring Trump’s “America First” leadership, dispatching top officials and allies on the airwaves to amplify Trump’s handling of the situation even as European leaders are putting on a key show of force of unity for Ukraine and its leader.