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 is atop the American-Made Index from Cars.com for the sixth-straight year, as the Model 3 and Model Y took the top two spots, respectively.
Last year, the Model 3, Model Y, Model S, and Model X took the top four spots, respectively. The company has routinely performed well in the Index. However, Tesla discontinued its flagship Model S and Model X earlier this year, which took the two cars out of the ranking.
Cybertruck is not considered due to its curb weight being above the 8,500-pound threshold, which eliminates it from being required to have more detailed assembly information.
Cars.com uses five main categories to develop its rankings:
- Location(s) of final assembly
- Percentage of U.S. and Canadian parts
- Countries of origin for all available engines
- Countries of origin for all available transmissions
- U.S. manufacturing workforce
These five major factors are then put into a 100-point scale. The vehicles with the highest scores sit atop the list. The Model 3 edged out the Model Y.
🇺🇸 The Tesla Model 3 and Tesla Model Y have been put atop the American-Made Index from https://t.co/PXZ0g1pPb6, meaning they are the most American vehicles you can possibly buy.
This is the SIXTH-STRAIGHT year a Tesla has been listed as the most American-made vehicle: pic.twitter.com/HyraOmaxSL
— TESLARATI (@Teslarati) June 23, 2026
Tesla uses a strong domestic strategy to build its cars and parts domestically. It relies on intense vertical integration that reduces its dependence on global suppliers, keeping more value and jobs in the United States.
This strategy has helped Tesla gain a strong reputation for domestically produced vehicles and parts. However, it helps it with more than just awards like this one. Keeping a supply chain local has also helped insulate Tesla more than others from tariffs and supply chain disruptions.
This year’s American-Made Index from Cars.com studied nearly 400 vehicles from the 2026 model year. Tesla was the only manufacturer to have an EV inside the Top 10. The Kia EV9 was the next EV to make the list, scoring the 17th position.
The Hyundai IONIQ 5 was 21st, and the final EV to make the list was the Cadillac LYRIQ in 77th.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
Tesla tops American-Made Index for sixth-consecutive year
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
