Elon Musk companies are waiting for directing it

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Elon Musk, CEO of Tesla, the Saudi Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025.

Hamad I am Muhammad Reuters

He has The first week is far away From the so -called government of the United States Ministry of Governmental efficiencyElon Musk sees a positive activity in his companies. Neuralink Startup Brain Tech has announced a $ 650 million financing round, while the manufacturer of its electric cars in May enjoyed a 213 % jump on Norway.

Granted, Tesla’s encouraging numbers in Norway outside the middle Give in European sales. The causal relationship between these pink developments and the leaving Musk from the weak DOGE. The Starlink financing round and an increase in Tesla in Norway sales were increased while Musk is still full in the White House. Thus, it could have happened with little – or nothing – to lead or input.

But both results are a reminder of the reason for many supporters of musk: its companies, mainly, successful. Tesla still has the market value of more than $ 1 trillion, and the musk is looking for a Evaluation of more than $ 120 billion To start xi artificial intelligence – in contrast, competitors are looking for artificial intelligence and anthropology. in 14 billion dollars and 61.5 billion dollarsrespectively.

Although Musk companies are still worth the investor’s interest, they, like the promised Tesla feature of self -driving, are not completely independent. They need fixed – ideal “Super Center” – A hand to guide the road forward.

What you need to know today

Silent start to June
American stocks published modest gains on MondayThe first day of trading in June. the S & P 500 Advanced 0.41 %, and Dow Jon’s industrial average Right by 0.08 % and Nasdak 0.67 % increased. Asia and Pacific markets rose on Tuesday. Hong Kong Hang Singh Fahras It gained 1.17 %, while Japan Nikki 225 It increased by 0.07 % at 2 pm Singapore time.

Factory activity in China in May decreases sharply
The Caixin/S & P Global Manufacturing Directors Index decreased to 48.3 in May from 50.4 in April, meaning The factory activity in China was shrinking last month. Kaxin said that reading was sharply absent from Reuters estimates of 50.6, and it has been a sharp decline since 2022. A scale of new export orders has decreased to its lowest level since July 2023, indicating that foreign demand is slowing down due to the US tariff.

Steel tariffs will rise US prices
the 50 % tariffs on steel imports US President Donald Trump announced the will on Friday Lifting the prices of the metal in AmericaAccording to analysts. “Already steel prices in the United States are higher than anywhere, a net importer who needs folders. All this is to raise prices there,” said CNBC.

Neuralink collected $ 650 million
Elon Musk’s Neuralink closed A $ 650 million financing roundTECH Brain Tech was announced on Monday. Ark Invest, Founders Fund, Sequoia Capital, Thrive Capital, and LightSpeed ​​Venture Partners and other companies in the tour, shared a press statement. Neuralink builds a computer interface in the brain, a system that translates brain signals into commands of external technologies.

Tesla sales in Norway jumping
TimingSelling new cars in Norway 213 % increased to 2,600 in May By a year, according to the official Data. This increase was mostly driven by the sales of the compact sports tools vehicle. Bachez is a declining trend throughout Europe – industry groups on Monday reported much lower sales than May of the new Tesla vehicles in Spain, Portugal, Denmark and Sweden.

(Pro) Tourist spending as wellWether
In February, while the luxury brand moncler He was still wandering in the glow of 20 % increase in the price of January, the Fund’s director, Giles Parkinson, made a contradictory step: he sold. Parkinson’s caution has not been taken from analysts ’reports or traditional financial modeling, but from what was called” good evidence of the short term for the great luxury industry “: Patterns of international tourists spending.

Finally …

Cows were exposed in Jersey via a grazing field in Raw Farm USA Dairy in Fresno Province on Friday, June 14, 2024.

Craig Kulrros Fresno bees Gety pictures

In China, “The Great America” ​​is now made of Australian beef

American agricultural products disappear from Chinese stores, restaurants and land loss to other imports.

In his restaurant in BeijingGeng Xiaoyun used to serve a special plate of salt-baked chicken-or “Talons Phoenix” as it is called in China-imported from America.

“The American chicken feet are very beautiful,” said Jing. “They are spongy so they taste a great taste. Chinese feet are not good.”

With the rise in prices by 30 % of March due to the definitions, the owner of the Kunyuan Restaurant had to withdraw the Chinese appetite from the list.



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