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Elon Musk has been reported to have used Dogecoin (DOGE) to defraud billions of dollars.
According to a report released on Monday by the Senate Democratic Committee staff, Elon Musk could evade economic penalties exceeding 2 billion dollars by leveraging relationships with the federal government through the use of DOGE.
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Democratic senators in the U.S. report: Musk is accused of using his power for personal gain, suspected of evading over $2 billion in fines.
① The Democratic investigation group of the USA Senate released a report stating that Tesla CEO Musk may evade potential fines and penalties exceeding 2 billion dollars by influencing the federal government; ② The report accuses Musk of using his influence to avoid supervision, undermine investigations, and make lawsuits disappear, highlighting his conflict of interest in the government's cost-cutting efforts.
Tesla may lose a key market! New York state lawmakers propose closing all its local stores.
① New York state lawmakers have proposed to cancel Tesla's direct sales rights in the state, and several Tesla stores in the state may face closure; ② New York State Senator Fahy stated that she can no longer support Tesla's direct sales privileges due to Musk's role in the Trump administration; ③ If all Tesla stores in New York State are closed, product demand may be further impacted, as Tesla is already facing sales issues due to political factors.
A JPMorgan survey indicates that the S&P 500 Index has peaked this year, but investors remain bullish on the Magnificent 7.
① A JPMorgan survey shows that 93% of investors believe the S&P 500 Index will hover around 6000 points or lower in the next 12 months, with 40% expecting it to remain within the 5000-5500 points Range; ② Respondents unanimously believe that trade wars and tariff uncertainties will trigger economic consequences, with 61% expecting the USA economy to face stagflation in the next 12 months.
Will the Autos tariff exemption be imminent? U.S. government officials predict that Trump will take action on Tuesday!
① Officials in the USA stated on Monday that the Trump administration will take action on Tuesday to mitigate the impact of its auto tariffs; ② Following market turmoil and strong lobbying from the Autos Industry, easing the impact of auto tariffs will be the latest shift in Trump’s trade policy.
News Highlights: Top Company News of the Day - Monday at 9 PM ET
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Tesla Says Semi to Enter Production by End-2025
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U.S. stocks closed mixed: the three major Indexes showed different trends as investors focused on Technology stock Earnings Reports.
① Most China Concept Stocks rose, with the Nasdaq China Golden Dragon Index up 0.68%; ② IBM announced a 150 billion dollar investment plan; ③ Sony Group is reportedly considering splitting its Semiconductors business; ④ NXP Semiconductors Q1 revenue was 2.84 billion dollars, higher than market expectations.
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