

News
Elon Musk net worth hits estimated $442 billion
Elon Musk’s estimated net worth has reached a record-setting $442 billion. This effectively makes the CEO the first person in history to achieve a net worth that surpassed the $400 billion mark.
Musk’s net worth has seen a perfect storm of sorts in the latter half of this year, thanks in part to his substantial holdings in his businesses, such as private space company SpaceX, electric vehicle maker Tesla, and artificial intelligence startup xAI.
Key updates:
- Elon Musk’s net worth is tied to his companies, and this year, Tesla, SpaceX, and his other ventures such as xAI have seen notable jumps in valuation.
- Musk’s $442 billion net worth was achieved after SpaceX’s valuation jumped to about $350 billion. This makes SpaceX the most valuable private company in the world, as noted in a Bloomberg News report.
- Prior to SpaceX reaching a valuation of $350 billion, Musk’s net worth was already being boosted by his TSLA holdings.
- Tesla has been on a wild tear since it reported its Q3 2024 earnings, which beat analyst expectations. Donald Trump’s win at the 2024 U.S. presidential election resulted in another TSLA rally that has not really lost momentum until today.
- Tesla currently has a market cap of $1.315 trillion as of writing, nearing all-time highs.
- Musk’s artificial intelligence startup, xAI, also saw its valuation double this year to $50 billion.
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— Elon Musk (@elonmusk) December 11, 2024
A closer look:
- SpaceX currently dominates the spaceflight sector, with the company launching 128 missions in 2024 as of three days ago. These are comprised of 123 Falcon 9, two Falcon Heavy, and three Starships, as per Space Explored.
- SpaceX’s Starship program is making notable progress toward its goal of achieving full reusability.
- Tesla is the world’s most valuable automaker, and it currently produces the Model Y, the world’s best-selling vehicle by volume last year. The Cybertruck also stands as the United States’ best-selling electric pickup truck.
- Tesla’s Full Self-Driving (Supervised) system is making headway toward becoming a true driverless solution that can fully power vehicles like the Cybercab.
- xAI quickly grew into one of the world’s most aggressive AI startup companies this year.
- xAI was able to build its Colossus supercomputer, which was initially comprised of 100,000 Hopper GPUs, in just 122 days. This was a feat dubbed by Nvidia CEO Jensen Huang as “superhuman.”


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News
Tesla China focuses on exports as Q2 begins
Year-to-date, Tesla China’s registrations are up 3%.

With the second quarter of 2025 now starting, Tesla China appears to have shifted gears, allocating Giga Shanghai’s Model 3 and Model Y output to foreign territories.
This was hinted at in Tesla China’s new vehicle registrations in the week of March 31 to April 6, 2025.
Tesla China Registrations
In the week ending April 6, Tesla China saw 3,600 new vehicle registrations. This represents a 82.6% week-over-week drop from the 21,000 insurance registrations that the company saw in the week ending March 30, but it also represents a 91.5% improvement compared to the registrations from the first week of Q2 2024. Year-to-date, Tesla China’s registrations are up 3%, which is impressive considering Giga Shanghai’s changeover to the new Model Y.
Tesla China does not report its weekly sales data, though a general idea of the company’s performance in the overall Chinese automotive market can be inferred through new vehicle registrations. Fortunately, these registrations are tracked closely by industry watchers as well as automakers like Li Auto.
Vehicle Export Hub
While the notable week-over-week drop in Tesla China’s registrations for the week ending April 6 may seem jarring, it should be noted that Giga Shanghai is the company’s vehicle export hub. Thus, it allocates a significant portion of its output to markets that are supplied by the factory. This is one of the reasons why Giga Shanghai only saw over 1,900 registrations in the first week of Q2 2024.
Tesla China typically spends the first weeks of a quarter exporting vehicles to foreign territories, before focusing Giga Shanghai’s output for domestic orders. Considering that the new Model Y has just been introduced to the market, it would not be surprising if Giga Shanghai starts focusing on the local market in the weeks to come.
News
Ford Launches Power Promise Program in the UK
The Ford Power Promise program is in the UK! Customers can get a free charger and save on home charging via Octopus Energy or ChargeGuru.

Ford launches its Power Promise program in the UK, boosting EV ownership perks.
“Last Oct., we launched the Ford Power Promise, with complementary home chargers and installation for new electric vehicle customers. Today, the program is launching in the UK! I’m excited more customers will be able to fill up at home to save time & money!” CEO Jim Farley posted on X.
The initiative rolls out across Great Britain and Northern Ireland with tailored partnerships.
In Great Britain, Ford Power Promise partnered with Octopus Energy to offer a free home charger and up to 10,000 miles of charging credit on the Intelligent Octopus Go tariff for eligible retail buyers of all-electric passenger cars ordered by June 30, 2025. Meanwhile, in Northern Ireland, Ford partnered with ChargeGuru for charger installations. The program excludes the Channel Islands.
Ford customers may receive some cost-saving benefits. Octopus Energy’s Go tariff and Ford’s Dynamic Charging capabilities could slash costs by up to 70%, alongside optional home charger setups. The legacy automaker’s push mirrors rivals like Volkswagen, which is taking advantage of expanding EV incentives in Europe.
The UK launch builds on Ford Power Promise’s debut, aiming to ease range anxiety and hook cost-conscious drivers. With Octopus and ChargeGuru in play, Ford’s EV strategy gains traction globally.
News
Elon Musk reportedly appealed to Trump over aggressive tariff policy: WaPo
The Washington Post cited two anonymous sources reportedly familiar with the matter.

Tesla CEO Elon Musk has reportedly made personal appeals to U.S. President Donald Trump over his aggressive tariffs policy.
The report was initially shared by The Washington Post, which cited two anonymous sources reportedly familiar with the matter.
The WaPo’s Claims
As per the Post, Musk’s personal appeals to Trump have not been successful so far, with the U.S. President stating on Monday that he could add new 50% tariffs on imports from China on top of the 34% he previously announced.
Trump did, however, also hint that he was open to negotiations on some aspects of his policy.
Musk and the Trump Administration
Musk’s alleged reservations about Trump’s tariffs would mark yet another time the CEO has found himself opposing some members of the U.S. President’s administration. Previously, Musk had also disagreed with some of Trump’s allies over issues like H1-B visas for skilled immigrants.
Recent reports have also suggested that Elon Musk’s role as a special government employee is ending, though the Trump administration has noted that the Tesla CEO will still play a pivotal role in the efforts of the Department of Government Efficiency (DOGE).
What the White House Press Secretary Says
In a statement, White House Press Secretary Karoline Leavitt stated that the Trump administration is comprised of individuals who bring different ideas to the table.
“The President has put together a remarkable team of highly talented and experienced individuals who bring different ideas to the table, knowing that President Trump is the ultimate decision maker. When he makes a decision everyone rows in the same direction to execute. That’s why this Administration has done more in two months than the previous Admin did in four years,” she stated.
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