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Tesla slump, Elon Musk signals break with Donald Trump over China tariffs

Elon Musk made a personal appeal to Donald Trump to withdraw new tariffs on Chinese goods, but the talks remain unsuccessful amid rising tensions.

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Musk Trump over China tarrif

Elon Musk, CEO of Tesla and a prominent advisor to former US President Donald Trump, has reportedly urged Trump to roll back new tariffs on Chinese imports — but his appeals have so far been unsuccessful. According to reports, Musk held private talks with Trump and made a personal appeal, warning that escalating tariffs could disrupt global trade and harm American businesses.

The controversy arose after Trump threatened to add a fresh 50% tariff on Chinese imports, building on an earlier hike of 34%. In response, Musk — who heads the Department of Government Efficiency (DOGE) in Trump’s circle — attempted to convince Trump to soften the tariff plan, but “has not brought success so far”.

While keeping formal diplomacy behind closed doors, Musk subtly signaled disagreement with Trump’s protectionist stance by posting a video of Milton Friedman, the late conservative economist, on X (formerly Twitter). In the video, Friedman explains the benefits of free trade and global collaboration, using the example of a pencil to illustrate economic interdependence.

Before the new tariffs took effect, Musk voiced his concerns during a conversation with Italy’s Deputy Prime Minister Matteo Salvini, stating, “I hope it’s agreed that both Europe and the United States should move ideally, in my view, to a zero-tariff situation. That has certainly been my advice to the president.”

Musk has consistently opposed tariffs, citing their negative impact on global supply chains and companies like Tesla, which operate in both the US and China. His earlier attempts to combat tariff policies include filing a lawsuit during Trump’s first term to challenge duties imposed on Tesla imports from China.

Tensions rise amid Tesla’s declining market value

This rift comes at a turbulent time for Musk. Tesla’s stock dropped by over 2.5%, closing at $233.29 following a broader market slump, and has lost more than 38% of its value this year. Analysts attribute part of the decline to Musk’s growing political involvement, which some believe has distracted from Tesla’s core operations.

In another sign of strain, Musk took a swipe at Peter Navarro, Trump’s trade adviser, by mocking his Harvard PhD credentials, calling it “a bad thing, not a good thing” — a move that drew attention but not yet a response from Navarro himself.

Meanwhile, White House spokesperson Karoline Leavitt defended Navarro, emphasizing that Trump encourages diverse viewpoints within his team.

A high-profile disagreement

Musk’s challenge to a core Trump policy marks one of the most visible disputes between the former president and a top advisor, particularly significant given that Musk reportedly contributed nearly $290 million to Trump’s last election campaign. The disagreement also comes ahead of Musk’s expected departure from DOGE, further signaling a possible shift in alignment.

India News

3 dead, several trapped after six-storey building collapses in Delhi, rescue operations continue

Three people died and two were critically injured after a six-storey PG building collapsed in Delhi’s Satya Niketan. Several others are feared trapped.

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Three people have died and two others are critically injured after a six-storey building collapsed in Delhi’s Satya Niketan on Sunday afternoon. Several more people are feared trapped under the debris as rescue operations continue at the site.

Nine people have been rescued so far, while authorities are searching for others who may still be trapped. The building, which was being used as a 75-bed paying guest accommodation, collapsed at around 1:30 pm, according to officials.

Building was being used as a PG accommodation

According to police, the building was around 40 to 50 years old and consisted of a basement and five upper floors. It was being used as a paying guest accommodation, with repair work reportedly underway in the basement when the collapse occurred.

The building was located in Satya Niketan, near Delhi University’s South Campus, an area with a large student population.

An eyewitness said at least 50 students were believed to have been inside the building when it collapsed. A student at the scene also reported hearing cries for help from beneath the rubble.

Rescue operation underway

Teams from the Delhi Police, National Disaster Response Force, Delhi Fire Service and Delhi Disaster Management Authority have been deployed for the rescue operation.

At least 12 fire tenders have been sent to the spot. An excavator has also been deployed, while additional machinery is being brought in to remove concrete slabs and girders from the debris.

Locals were also seen helping with the initial search before rescue teams and machinery reached the site.

The adjacent building has been vacated as a precautionary measure, Delhi Chief Minister Rekha Gupta said. She added that rescue work was being carried out on a war footing and that authorities were coordinating efforts to assist those affected.

Government agencies coordinate rescue efforts

Delhi Lieutenant Governor Taranjit Singh Sandhu said concerned agencies, including the Delhi Police, Delhi Fire Service and DDMA, had been directed to work together to ensure swift rescue operations.

Local BJP MLA Anil Sharma, who was at the site, said some students were still believed to be trapped and that some were reportedly making calls from inside the collapsed structure.

AAP leader Saurabh Bharadwaj blamed alleged corruption for the incident and raised questions about building safety and inspections. His comments were political allegations and no official cause for the collapse has been established in the report.

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PM Modi takes aim at critics with Dimagi Naxal remark at SRCC centenary address

PM Modi revived his dimagi Naxal remark at SRCC’s centenary celebrations and spoke about India’s development journey.

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PM Modi

Prime Minister Narendra Modi revived his ‘dimagi Naxal’ remark while addressing the centenary celebrations of Shri Ram College of Commerce (SRCC) in Delhi on Saturday, using the term to criticise his opponents.

Speaking to students at the Delhi college, PM Modi described the phrase as a “homeopathic pill” and said it had prompted those he described as “dimagi Naxals” to come forward and reveal their views.

The prime minister also used his address to speak to Gen-Z about India’s development journey and asked students to consider the challenges the country had faced in the past.

PM Modi recalls past crises

During his speech, PM Modi referred to the 2013 Kedarnath disaster and the 2008 global financial crisis while criticising the handling of national emergencies by previous governments.

He said the government at the time of the Kedarnath disaster was shaken and questioned its ability to respond to the crisis.

Referring to the 2008 banking crisis, PM Modi alleged that the government of the time failed to effectively deal with the situation and claimed that India’s banking system was pushed close to collapse.

Prime minister lists challenges faced by his government

PM Modi also highlighted several major global crises that occurred during his government’s tenure.

He mentioned the COVID-19 pandemic, the Russia-Ukraine war, disruptions to global trade and supply chains, and the crisis in West Asia.

The prime minister said there had been concerns that India would struggle during these crises but argued that the country had continued to move forward.

PM Modi’s earlier SRCC visit

PM Modi had earlier visited SRCC in 2013, when he was the chief minister of Gujarat. His speech at the college received significant attention, particularly on social media, ahead of the 2014 Lok Sabha election.

His latest visit came during the college’s centenary celebrations, where his address focused on young people, India’s development ambitions and the challenges faced by the country.

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India Metro Rail Network May Overtake US in 2 Years

India’s metro rail network has reached 1,170 km across 26 cities. Union minister Manohar Lal said the country could overtake the US in network length within two years.

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Manohar Lal Khattar

India is on track to become the country with the second-largest metro rail network in the world after China, with Union Minister Manohar Lal saying the country could overtake the United States within the next two years.

India’s metro rail network has now expanded to 1,170 km across 26 cities. The network is only 216 km shorter than the US metro rail network, which stands at 1,386 km, according to figures cited by the minister.

India’s metro network expands rapidly

Speaking after the inauguration of an extended metro service in Indore, Manohar Lal highlighted the pace at which metro connectivity has grown in India.

He said metro services were operational across just 245 km in five cities when Prime Minister Narendra Modi assumed office in 2014. The network has since expanded to 1,170 km across 26 cities.

The minister said India could overtake the US in terms of metro rail network length in the next two years and become the world’s second-largest country in this segment after China.

China currently has around 8,000 km of metro rail lines, according to the figures cited by the minister.

Indore metro extension inaugurated

The minister made the remarks after inaugurating an extended section of the Indore metro. The project was built at a cost of around Rs 2,850 crore.

The Indore metro was earlier operating commercially on a six-km stretch between Gandhi Nagar and Super Corridor-3 stations. Following the extension, the service will operate on a 17-km route between Gandhi Nagar and Malviya Nagar Chauraha.

Madhya Pradesh Chief Minister Mohan Yadav said the metro service would mark a new phase in Indore’s development. He also said the network would eventually be extended to Ujjain and other nearby areas.

India’s metro rail network: Key figures

  • India currently has 1,170 km of operational metro rail network.
  • Metro services are operational across 26 cities.
  • The US has around 1,386 km of metro rail network.
  • India is currently 216 km behind the US.
  • China has around 8,000 km of metro rail lines.
  • India’s operational network stood at 245 km across five cities in 2014.

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