A German Minister has shared some insights about his political disagreements with Elon Musk and U.S. President-elect Donald Trump, going on to add that he “still values” the Tesla CEO and the company’s Gigafactory in Brandenburg.
In an interview shared by German outlet Tagesspiegel on Monday, Brandenburg Economic Minister Jörg Steinbach said that he wouldn’t be willing to congratulate Musk on a Trump victory, calling the win “highly problematic” and saying that he has directly argued with the Tesla CEO in recent months. Steinbach also tells the outlet that he still values Musk as an investor, entrepreneur, and innovator, adding that Musk was even receptive to some of his criticisms.
The Minister also says he has been in regular contact with Musk over long text messages in the months leading up to the election, ultimately noting that he would not congratulate the Tesla CEO on a Trump victory:
I will not congratulate him on this election result either. Donald Trump’s victory is highly problematic for us. I have had contact with Elon Musk more often in the past months, I have argued intensively with him.
I have responded to his comments on the AfD, but also to others. I have made it clear that I think all this is fundamentally written—that for us Donald Trump is not an advocate for democracy, but an autocratic president.
He was able to deal with my criticism. Elon Musk has a completely different view of this. We agreed that we did not come together. In English, they say, agree to disagree.
Tesla’s Giga Berlin and police are still dealing with a protestor problem
Still, Steinbach also went on to echo some concerns about bureaucracy, saying that, while it may irritate some, he believes that even Germany could use a little less bureaucracy. Despite this, he thinks Musk will soon see some of Trump’s issues with climate protections, and will go on to retreat from his support for the President-elect in just a few months:
But my prognosis is that after a few months, Musk will retreat frustratedly. He will notice that certain positions of Donald Trump are totally contrary to his convictions, for example in climate protection. And he will find that administrative, political rules, for example, are not easy to put on strength for spending money.
The Minister notes that, while Musk’s support for Trump could affect who buys a Tesla in Germany, the company’s Gigafactory is just one of many throughout the world, and he doesn’t expect it to have a negative impact on sustainable transportation in the country. He also says that Tesla could continue to play an important role in the ongoing crisis across the automotive industry, adding that the company is still looking to expand its facility in Grünheide in the coming months.
Germany’s recent automotive struggles and what role Tesla could play
Volkswagen and other automakers, both in Germany and elsewhere, have struggled amidst the electric vehicle (EV) transition, with some even set to close down factories. One example includes VW’s Potsdam Design Center, along with another factory from the company in Belgium that may move future EV production to its factories in Germany or Slovakia.
Steinach says he is in favor of electrification, adding that he thinks the German automotive industry has been effectively asleep for the past decade. Meanwhile, battery projects in Germany have been put on hold for at least a year, though he says there is light at the end of the tunnel. While he has previously said that every fifth company or so may unfortunately disappear, he also notes that companies should follow Volvo’s example in choosing to stop building internal combustion engines (ICEs) and to pour that effort into EVs.
Even as some companies may disappear, the outlook isn’t all bleak. The Minister also says that Tesla’s economic influence in the country is still underrated, and workers that become unemployed in the EV transition may find a home at the U.S. automaker’s Grünheide plant, which employs around 12,000 workers.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
Tesla Giga Berlin proposed expansion’s failed community vote can be an opportunity: Minister
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
