News
U.S. House Republican to FTC: Preserve records of Elon Musk’s Twitter acquisition
U.S. Representative Jim Jordan, who is the top Republican on the House of Representatives Judiciary Committee, is requesting the Federal Trade Commission (FTC) preserve any records related to Tesla CEO Elon Musk’s acquisition of social media platform Twitter.
Jordan expressed a level of concern regarding a request from the Open Markets Institute (OMI), which called for the FTC and FCC (Federal Communications Commission) to investigate and stop the $44 billion acquisition of Twitter by Musk. Jordan called OMI “an extreme left-wing political organization,” and accused the group of limiting free speech.
“OMI claims without evidence that Mr. Musk’s purchase is a ‘threat to free communications and debate in the United States.’ In reality, Mr. Musk has proposed ‘softening [Twitter’s] stance on content moderation,’ which will increase speech, and he has said that ‘Twitter should be more cautious when deciding to take down tweets or permanently ban users’ accounts.’ OMI’s desire to restrict and suppress free speech online helps explain why it supports a package of ill-advised Democrat-led antitrust bills that will lead to more censorship, and thus less speech, in the digital arena,” Jordan said.
— Rep. Jim Jordan (@Jim_Jordan) May 4, 2022
“We are concerned that OMI – where you were previously employed as Legal Director – may be trying to leverage its close relationship with you to take action to further limit free speech online,” Jordan said in the letter to the FTC.
Just after the Twitter deal was announced, reports stated the FTC was looking into whether Musk obliged with an antitrust reporting requirement as he began to stock up on shares of Twitter in late January. A report from The Information showed the FTC was concerned about whether Musk was “initially buying as someone who wanted to influence Twitter management or whether he saw himself as more of a passive shareholder.”
Musk’s purchase of Twitter shares may have also violated SEC deadlines of when shareholders are required to disclose they own more than 5 percent of a public company. Musk filed his disclosure three weeks after he passed the 5 percent threshold, which is a violation of the agency’s timeframe.
Jordan has been vocally supportive of Musk’s purchase of Twitter, especially as the Tesla CEO’s main reasoning for acquiring the platform was to fight censorship through open-sourcing the network’s algorithm. Musk said Twitter was comparable to a 2022 version of a Town Square and is needed because it is an “inclusive arena for free speech.” Jordan believes that Musk may bring some Republican politicians who have been banned from the platform back by reactivating their accounts.
“We are concerned that OMI – where you were previously employed as Legal Director – may be trying to leverage its close relationship with you to take action to further limit free speech online,” Jordan said in the letter to FTC Chair Lina Khan. “Furthermore, this letter serves as a formal request to preserve all records and materials relating to Mr. Musk’s pending acquisition of Twitter. You should construe this preservation notice as an instruction to take all reasonable steps to prevent the destruction or alteration, whether intentionally or negligently, of all documents, communications, and other information, including electronic information and metadata, that is or may be potentially responsive to this congressional inquiry.”
Musk and Twitter reached a deal for $44 billion, or $54.20 per share for the platform, on April 25.
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Elon Musk
Tesla’s Elon Musk confirms he’ll stay CEO for at least five more years
Tesla CEO Elon Musk eased any speculation about his role with the company as he confirmed he would be with the automaker for at least five more years.
Tesla’s Elon Musk said that he will still be CEO of the automaker in five years’ time, dispelling any potential skepticism regarding his commitment or plans with the company.
In the past, there was some speculation that Musk would leave Tesla if he was not adequately compensated for his work. He had a massive pay package taken from him by Delaware Judge Kathaleen McCormick in a move that caused Tesla to reincorporate its company in Texas.
Tesla Chair of the Board letter urges stockholders to approve Texas reincorporation
However, Musk confirmed today with a simple “Yes” that he would still be Tesla’s frontman in five years during an interview with Bloomberg at the Qatar Economic Forum:
“Do you see yourself and are you committed to still being the chief executive of Tesla in five years’ time?”
“Yes.”
Musk has had the massive $56 billion pay package declined twice by Chancellor McCormick, who has ruled that the pay was an “unfathomable sum.” Shareholders have voted twice in overwhelming fashion to award Musk with the pay package, but she has overruled it twice. This seemed to be one reason Musk might minimize his role or even step away from Tesla.
He said (via Bloomberg):
“The compensation should match that something incredible was done. But I’m confident that whatever some activist posing as a judge in Delaware happens to do will not affect the future compensation.”
Musk’s commitment to Tesla for the next five years will help steer the company in a more stable direction as it begins to expand its market well past automotive and sustainable energy. Although Tesla has been labeled as an AI company, it is also starting to push more into the robotics industry with the future release of the Optimus robot.
Now that Musk is on board for at least five more years, Tesla investors have their frontman, who has remained firm on the company’s vision to be a true disruptor in all things tech. The company’s stock is trading up just over 1 percent at the time of publication.
News
Tesla Australia Exec: No regulatory barriers for FSD release
Tesla’s FSD demonstrations have been quite impressive as of late.
Recent comments from Tesla’s Country Director for Australia and New Zealand Thom Drew have provided an exciting update for Full Self Driving’s upcoming release in Australia. As per the executive, there is currently no regulatory barrier to FSD being rolled out to Australian roads.
Drew’s comments came on the heels of a video demonstration featuring FSD Supervised navigating Melbourne’s central business district.
Tesla FSD’s Australia Demo
Shared by the Tesla AI team’s official account on social media platform X, FSD Supervised’s demonstration in Melbourne’s central business district sparked a lot of conversations online. Electric vehicle enthusiasts on X were quite impressed with the system’s capabilities to handle the city’s busy and crowded streets. Even more were pleasantly surprised when FSD Supervised performed a smooth hook turn in its demonstration.
In a comment to News.com.au, Drew emphasized that FSD’s global expansion is a priority for Tesla. “That’s Elon’s push. We have a global engineering team that are working across markets around a lot of FSD… actively working across all our markets to roll it out,” the executive noted.
No Regulatory Barriers
Interestingly enough, Drew also stated that there is no regulatory barrier to FSD hitting Australia’s roads. This suggests that FSD may be released in Australia once Tesla is satisfied with the local calibration and performance of the system on the country’s inner city streets.
“There’s currently no blockers in Australia to releasing Full Self Driving Supervised, as we have in North America. It’s something our business is working on releasing. I don’t have a timeline currently for you, but it’s certainly very exciting to be able to bring that to a market that doesn’t have a regulatory blocker,” Drew stated.
Tesla’s FSD demonstrations have been quite impressive as of late, with the company also publishing a video showing the system navigating France’s Arc de Triomphe, one of Europe’s most complicated roundabouts, recently. Over in China, a Tesla Model 3 owner also used FSD to travel almost 2,485 miles from the Henan Province to the base camp of Mt. Everest.
News
Tesla China registrations bounce back to 11.1k vehicles in May’s 2nd full week
Tesla China’s domestic vehicle registrations have been volatile in recent weeks.
Tesla reported 11,130 insurance registrations in China in the week of May 12-18, 2025. These represent a 262.5% increase from 3,070 registrations that the company saw in the week ending May 11.
Tesla China’s domestic vehicle registrations have been volatile in recent weeks, suggesting that Giga Shanghai may still be exporting Model 3 and Model Y vehicles to foreign territories this month.
Tesla China’s Registrations
In the week ending May 4, Tesla China saw 7,300 new vehicle registrations. This was not that surprising considering that Tesla may still be allocating Gigafactory Shanghai’s output to vehicle exports. In the week ending May 11, however, industry watchers were quite surprised to see just 3,070 registrations from Tesla China.
The 262.54% bounce in vehicle registrations in the week ending May 18 is thus a pleasant update from the world’s biggest and most competitive electric vehicle market. Even with these results, however, industry watchers still note that Tesla China’s registrations this 2025 are still down 6.5% year-over-year.
Tesla China does not report its weekly sales figures, though the company’s overall performance in the domestic automotive sector can be inferred through new vehicle registration data. Fortunately, these registrations are closely tracked by industry watchers, as well as local automakers such as Li Auto.
Domestic Sales and Exports
Following the start of domestic deliveries of the new Model Y in China, expectations were high that the company would see a steady rise in registrations this second quarter. Giga Shanghai does not only supply vehicles to the domestic Chinese market, after all, as the facility also serves as the company’s primary vehicle export hub, providing Model 3 sedans and Model Y crossovers to several territories.
Tesla China sold 28,731 vehicles domestically and exported 29,728 vehicles in April. In comparison, the company saw 74,127 domestic registrations and 4,701 exports in March 2025, as per data compiled by CNEV Post. Considering Tesla China’s registrations this May, it would not be surprising if the company’s exports this month would exceed March’s 4,701 units.
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