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Tesla Stocks Takes A Hit As Elon And Trump Continues To Face-off

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3 months ago

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The stock of Tesla (TSLA) continued its two-day decline on Thursday as the public dispute between Elon Musk, the company’s CEO, and President Trump intensified

and wih Trump further threatening to cut government contracts and subsidies that are essential to Musk’s companies.

“The simplest way to save billions and billions of dollars in our budget is to cut off Elon’s government contracts and subsidies.

Every time, I was shocked that Biden didn’t. Trump posted the message om truth social

Meanwhile, on Thursday afternoon, as the two traded barbs, Tesla stock dropped to session lows, dropping as much as 15% by 3 p.m. ET.

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Earlier in the day, Trump tore into Musk from the Oval Office

after days of the Tesla CEO’s public protests against Trump’s giant tax bill working its way through Congress.

Tesla stocks takes a hit as Elon and Trump continues to clash

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“I’m very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here,

better than you people,” Trump said to reporters in the Oval Office on Thursday.

Tesla Stocks Takes a Dip With Trump’s Threats!

“All of a sudden, he had a problem, and he only developed the problem when he found out that we’re going to have to cut the EV mandate.”

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“Elon and I had a great relationship. I don’t know if we will anymore. I was surprised,” Trump added.

Musk posted on X, the social media platform he owns, in apparent response to Trump’s comments, “Whatever.”

He continued aiming at the president and the bill in a subsequent barrage of posts over several hours.

Musk’s ties to the Trump administration had been seen as a boon for not just Tesla Stocks but his broader business interests,

given SpaceX’s close work with NASA and regulatory levers

the National Highway Traffic Safety Administration could pull in getting autonomous driving rules in place for Tesla’s robotaxi testing.

But with thia continuous face off, it seems the good old days are about to be over

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Business

Dangote Resigns As Chairman Of Dangote Sugar Company

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3 months ago

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June 13, 2025

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After 20 years of leading the company, Aliko Dangote has stepped down as Chairman of the Board of Dangote Sugar Refinery Plc.

Temitope Hassan, the secretary of the company, signed a statement on Wednesday stating that his retirement will begin on June 16, 2025.

Dangote, who has been in charge since 2005, is recognized for having strengthened corporate governance,

managed significant expansion projects, and guided the Sugar factory into a market leader in Nigeria’s sugar industry.

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“In line with the principles of good corporate governance and succession planning, Dangote Sugar Refinery Plc

hereby announces the retirement of our esteemed Chairman of the Board of Directors of the Company, Alhaji Aliko Dangote (GCON), effective June 16, 2025,” the statement read.

According to the statement, the company undertook important Backward Integration Projects in Adamawa, Taraba, and Nasarawa States under his direction

in order to boost domestic sugar production and lessen reliance on imports.

Meet Arnold Ekpe, The New Chairman Of Dangote Sugar

Furthermore the Board has appointed Independent Non-Executive Director, Arnold Ekpe, as the new chairman.

Dangote Resigns As Chairman Of Dangote Sugar Company

“Following a rigorous selection and transition process,

the Board is pleased to announce the appointment of Mr. Arnold Ekpe, Independent Non-Executive Director

as the new Chairman of Dangote Sugar Refinery Plc. effective 16th June 2025,” the statement added.

Ekpe is a seasoned banker and former group CEO of Ecobank, with extensive boardroom and leadership experience across sectors.

“We welcome Mr. Ekpe to his new role and look forward to the next chapter in our Company’s journey under his leadership.

We also express our deep appreciation to Alhaji Aliko 

for his years of exemplary service and unwavering commitment to excellence,” the statement concluded.

Now you understand why Dangote is the richest man in Africa?

The man understands the rigors of business, and with this move,

we are sure that the sugar factory will continue to make huge profits for the Dangote Dynasty

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