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    Two visions within Trump world are battling for primacy. Which will win? | Ben Davis

    The start of the second Trump administration has been chaotic, to put it mildly. It is difficult for Americans to understand what exactly the administration is trying to do and how it will affect them. It has been simultaneously a colossal remaking of the US state and the entire global order, but also seemingly haphazard, with significant policy decisions such as spending cuts and tariff rates clearly made with little thought or preparation. Analysts and commentators of all stripes have speculated on the motives and strategy behind the Trump administration’s huge overhaul of society. But what is the Trump administration’s plan for the US?The primary moves the administration has made are major cuts to federal government capacity through the “department of government efficiency” (Doge) and now an unprecedented tariff regime that has sent financial markets into a free fall. Some view these changes as part of a grand overarching strategy to rebuild some version of an imagined past America: globally hegemonic and able to exercise power nakedly over other countries, economically self-sufficient with a large manufacturing base, and a reassertion of the previous social norms and order around gender, race, and sexuality. But a deeper dive into the Trump administration’s explanation of their policies and vision reveals that rather than a single, coherent ideological project, the Trump administration is sclerotic and being used as a vehicle for more than one competing ideological project.While the first Trump administration had no real ideological project, with Donald Trump’s surprise win being based on a personalist coalition without the backing of an organized movement, and different factions within the administration battling for control over policy and favor from the president, the second Trump administration was backed and is staffed by two major ideological projects, representing different segments of capital: the oft-discussed “national conservatism” of the Claremont Institute, the Heritage Foundation and Project 2025, and tech capital, which has used Trump as a vehicle for its own priorities.These two overarching political projects and visions both see Trump as able to advance their goals, but these projects are competing with each other. Both have accepted that Republicans will lose the midterms in 2026, as the president’s party nearly always does, and are thus trying to radically reshape society in that time in ways that can’t easily be reversed. They have deeply different visions for the future, and whether one wins out or both of their incompatible sets of policies are carried out will have enormous implications for the lives of Americans and people around the globe.On tariffs, the administration has offered multiple, mutually exclusive visions: with some viewing tariffs as primarily a way to rebuild US manufacturing by incentivizing producers to build in the US; some viewing tariffs as primarily a way to raise revenue, cut the deficit, and in the long-term replace the income tax entirely; and some viewing tariffs primarily as a negotiating tool to force countries to make concessions to the US on a variety of issues.Trump personally has suggested that the US become an autarky, with no trade of any kind with the outside world. It’s unclear which of these will be the plan because they each have dramatically different implications for how the tariffs are structured in the long-term, how long they will last, and their effects on US workers.In the first two views, the tariffs are a part of the national conservative project of returning the US to a previous social order. They view the nation-state as the primary actor in a zero-sum anarchic global order of competing nation-states seeking to dominate each other. Tariffs are then a way of reasserting US national power relative to other states. This fits in with Trump’s rhetoric about the US, taking the country back and reasserting American nationhood, and is the primary way analysts and commentators have viewed the administration.The tech capital that oversees Doge, however, has a different project entirely. Elon Musk, who has personally overseen the large-scale slashing of the federal government, rejects tariffs entirely. The Doge project and the tariff project are at odds. The Doge project is cloaked in the rhetoric of retro America First nationalism that would seem on its face (and is understood as by its supporters) to be precisely the opposite of what it is in practice: the outmoding of the nation-state entirely.It’s notable that the first target for Doge’s cuts were not the New Deal programs conservatives have long wanted to cut, but instead the cold war-era nodes of American state power: scientific research, funding for education and the arts, foreign aid, and other programs that were created to allow the US to outcompete the Soviet Union and other countries. Musk does not care about American great power competition, such as with China, as Trump does. Indeed, Musk has close ties with the Chinese state.For Musk and his cohorts, the US must progress past the nation state model – where the state exist to project power against other nation states and part of this bargain is keeping a certain social compact of living standard with citizens – to the vendor state model where international firms are paramount and states exist instead to compete for their favor. The Doge project of Silicon Valley technolibertarianism aims to sublimate the state to capital entirely and to outsource state capacity to transnational tech firms. This is, rather than an end of globalization as the national conservatives want, the final conclusion of globalization, where international capital exists above and beyond the bounds of the nation-state.This is the reason large swathes of tech capital reversed course on Trump during the Biden administration and became his biggest financial backers. For them, Trump exists as a vehicle for their overall project.Both of these projects are disastrous for the American people on their own, but both being partially implemented in opposing ways is even worse and will lead to disaster for US workers and our society’s basic capacity to function.While the tariffs by themselves are devastating to US consumers and could lead to a major economic crisis, the Doge cuts strip state capacity that would be needed to implement the most positive vision of tariffs returning manufacturing jobs. While tariffs drive up prices on things like semiconductors or electric vehicles, the government is simultaneously slashing the programs designed to encourage these goods to be manufactured domestically. And while the Doge cuts have slashed the state and led to the direct capture of swathes of the state by tech capital, their overall project of global tech hegemony cannot progress in a world where international trade has broken down completely.Trump and the national conservative’s dream of a return to a pre-financialization manufacturing-based economy, where the US has security through economic self-reliance, and the tech right’s commitment to creating shareholder value at all costs, and whose entire model is based entirely on the result of financialization, are incompatible and on a collision course. Different sections of capital – tech on the one hand, and the revanchist small capital class who form national conservatism’s base on the other – have different and competing interests and control of different sections of administration policy. The consequences of this intranecine competition are enormous, but either way, the next four years look dire for the American working class. The damage may take generations to fix.

    Ben Davis works in political data in Washington DC. He worked on the data team for the Bernie Sanders 2020 campaign More

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    Trump signs orders to allow coal-fired power plants to remain open

    Donald Trump signed four executive orders on Tuesday aimed at reviving coal, the dirtiest fossil fuel that has long been in decline, and which substantially contributes to planet-heating greenhouse gas emissions and pollution.Environmentalists expressed dismay at the news, saying that Trump was stuck in the past and wanted to make utility customers “pay more for yesterday’s energy”.The US president is using emergency authority to allow some older coal-fired power plants scheduled for retirement to keep producing electricity.The move, announced at a White House event on Tuesday afternoon, was described by White House officials as being in response to increased US power demand from growth in datacenters, artificial intelligence and electric cars.Trump, standing in front of a group of miners in hard hats, said he would sign an executive order “that slashes unnecessary regulations that targeted the beautiful, clean coal”.He added that “we will rapidly expedite leases for coal mining on federal lands”, “streamline permitting”, “end the government bias against coal” and use the Defense Production Act “to turbocharge coal mining in America”.The first order directed all departments and agencies to “end all discriminatory policies against the coal industry” including by ending the leasing moratorium on coal on federal land and accelerate all permitted funding for coal projects.The second imposes a moratorium on the “unscientific and unrealistic policies enacted by the Biden administration” to protect coal power plants currently operating.The third promotes “grid security and reliability” by ensuring that grid policies are focused on “secure and effective energy production” as opposed to “woke” policies that “discriminate against secure sources of power like coal and other fossil fuels”.The fourth instructs the justice department to “vigorously pursue and investigate” the “unconstitutional” policies of “radically leftist states” that “discriminate against coal”.Trump’s approach is in contrast to that of his predecessor Joe Biden, who in May last year brought in new climate rules requiring huge cuts in carbon pollution from coal-fired power plants that some experts said were “probably terminal” for an industry that until recently provided most of the US’s power, but is being driven out of the sector by cheaper renewables and gas.Trump, a Republican, has long promised to boost what he calls “beautiful” coal to fire power plants and for other uses, but the industry has been in decline for decades.The EPA under Trump last month announced a barrage of actions to weaken or repeal a host of pollution limits, including seeking to overturn the Biden-era plan to reduce the number of coal plants.The orders direct the interior secretary, Doug Burgum, to “acknowledge the end” of an Obama-era moratorium that paused coal leasing on federal lands and to require federal agencies to rescind policies transitioning the nation away from coal production.The orders also seek to promote coal and coal technology exports and to accelerate development of coal technologies.Trump has long suggested that coal can help meet surging electricity demand from manufacturing and the massive datacenters needed for artificial intelligence.“Nothing can destroy coal. Not the weather, not a bomb – nothing,” Trump told the World Economic Forum in Davos, Switzerland, by video link in January. “And we have more coal than anybody.”Energy experts say any bump for coal under Trump is likely to be temporary because natural gas is cheaper and there is a durable market for renewable energy such as wind and solar power no matter who holds the White House.Environmental groups were scathing about the orders, pointing out that coal is in steep decline in the US compared with the increasingly cheap option of renewable energy. This year, 93% of the power added to the US grid will be from solar, wind and batteries, according to forecasts from Trump’s own administration.“What’s next, a mandate that Americans must commute by horse and buggy?” said Kit Kennedy, managing director of power at the Natural Resources Defense Council.“Coal plants are old and dirty, uncompetitive and unreliable. The Trump administration is stuck in the past, trying to make utility customers pay more for yesterday’s energy. Instead, it should be doing all it can to build the electricity grid of the future.”Clean energy, such as solar and wind, is now so affordable that 99% of the existing US coal fleet costs more just to keep running than to retire a coal plant and replace it with renewables, a 2023 Energy Innovation report found. More

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    Labour: changes to EV rules will have ‘negligible’ impact on UK emissions

    Labour’s changes to electric vehicle (EV) rules in response to Donald Trump’s tariffs will have a negligible impact on emissions, the transport secretary has said.Keir Starmer has confirmed plans to boost manufacturers, including reinstating the 2030 ban on the sale of new petrol and diesel cars.But regulations around manufacturing targets on electric cars and vans will also be altered, to help companies in the transition, and new hybrids will be on the market for a further five years.Heidi Alexander said the taxes on imports announced by the US president last week, which spurred reciprocal action by some affected countries, “are bad news for the global economy, because it’s bad for global demand, it’s bad for prices and it’s bad for consumers”.Speaking on BBC Breakfast about the impact on carbon emissions of the government’s changes to electric vehicle rules, she said: “The changes we are making have been very carefully calibrated so as not to have a big impact upon the carbon emissions savings that are baked into this policy. In fact, the impact on carbon emissions as a result of these changes is negligible.”Under the measures, luxury supercar companies such as Aston Martin and McLaren will be allowed to keep producing petrol cars beyond 2030 because they manufacture only a small number of vehicles a year. New hybrids and plug-in hybrid cars will be allowed to be sold until 2035. Petrol and diesel vans will be able to be sold until 2035, as well as all hybrid models.Alexander said the government had “struck the right balance” between protecting British businesses and cutting carbon emissions.Asked whether the retention of a 2030 target for the phasing out of all pure petrol and diesel cars would restrict free markets at a time when the car industry was on its knees, she said: “It is an opportunity for the car industry to remain at the cutting edge of the transition to EVs, but it’s right that we’re pragmatic.“It’s right that we are looking at how we can be flexible in the way in which car manufacturers make this transition, because we want cheaper EVs to be available for consumers. We want people to be able to benefit from those lower running costs as well.“And so it’s important that, as a government, we do everything that we can – not only to support British businesses and manufacturing to grow the economy, but also to cut those carbon emissions, and I think we’ve struck the right balance in the package that we’re announcing today.”Asked on BBC Radio 4’s Today programme if Starmer was prepared to use the relationship he has built with Trump to ask him to change course, she said: “Obviously when the prime minister has discussions internationally with allies he will be honest about what is in the best interests of the British people.”Challenged that the EV measures were planned before the announcement of the tariffs and were a tweak to policy rather than dramatic change, she told Today: “These are significant changes to the car industry. You are right to say we started the consultation on Christmas Eve and that we closed the consultation in the middle of February.”skip past newsletter promotionafter newsletter promotionShe said Trump’s imposition of tariffs meant the UK government had to look at its EV plans with “renewed urgency”.The Green party MP Siân Berry said: “The government is wrong to apply the brakes on the sale of EV cars. This is just the latest in a series of boosts the Labour government has given fossil fuel industries. We’ve also seen the green light being given to airport expansion and a new road tunnel under the Thames. This suggests Labour is weakening its climate commitments, and its health-related policy goals because all these moves will have a detrimental impact on air quality.“Slowing down the move away from fossil-fuelled transport makes no economic sense either, since green sectors of the economy are growing three times faster than the overall UK economy.”Colin Walker, the head of transport at the Energy and Climate Intelligence Unit, said: “In weakening the mandate elsewhere by extending flexibilities and allowing the sale of standard hybrids between 2030 and 2035, the government risks reducing the competition it has stimulated between manufacturers, meaning prices for families seeking an EV might not fall as fast, and sales could slow.“The growth of the secondhand EV market, where most of us buy our cars, would in turn be stunted, leaving millions of families stuck in petrol and hybrid cars paying a petrol premium of hundreds, and even thousands, of pounds a year.” More

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    Tesla investors brace for global sales data amid consumer backlash over Elon Musk

    Tesla investors are bracing for evidence of declining global demand this week as the electric carmaker battles headwinds including a consumer backlash against its chief executive, Elon Musk.On 2 April, the US company will release data for first-quarter deliveries – a proxy for sales – that is expected to show a dip on the same period last year. The figures follow global protests on Saturday against Musk and Tesla, targeting the carmaker’s showrooms.Analysts have been lowering their forecasts amid evidence that Musk’s senior role in the Trump administration has damaged the Tesla brand.Dan Ives, managing director at the US financial firm Wedbush Securities and a self-avowed Tesla “core bull”, forecast deliveries to come in at between 355,000 and 360,000, a fall of 7% on the same period last year and down from initial predictions across Wall Street of 400,000.View image in fullscreenIves, who recently warned investors that Tesla was facing a “brand tornado crisis moment”, said 30% of the anticipated decline was due to brand damage associated with Musk and his involvement in the so-called department of government efficiency (Doge). The advisory body has targeted federal agencies with cost-cutting policies and redundancies.Other issues affecting Tesla’s figures during the first three months of the year include consumers waiting for an update to the top-selling Model Y. The US is Tesla’s biggest market.In a note to investors last week, Ives said that while “much of this softness is related to customers waiting for Model Y refreshes along with a lower-cost new model set to be launched by the summer … the anti-Musk and brand issues are clearly at play”.Matthias Schmidt, a Berlin-based electric car analyst, said Musk was “hitting his liberal consumer demographic exactly where it hurts”.“He has become the core toxic issue behind the disintegration of the brand and should step-aside before it explodes like one of his rockets,” added Schmidt, who is expecting first-quarter deliveries in western Europe to come in at just under 70,000 for the first time since the end of 2022.skip past newsletter promotionafter newsletter promotionView image in fullscreenAmong Tesla owners, the Democrat owner group has fallen from 40% during the Biden administration to 29% now, with the Republican group averaging about 30% since 2021, according to market research firm Strategic Vision.Last week, Donald Trump announced a 25% tariff on cars from overseas, with Tesla also expecting to be affected despite making its cars for the US market in America. The company imports some parts for its US-made cars. Last week, Musk wrote on X, his social media platform, that Tesla is “not unscathed” by tariffs. He added: “The tariff impact on Tesla is still significant.”The tariffs threaten to plunge the global auto industry into “pure chaos”, according to Ives. “Every auto maker in the world will have to raise prices in some form selling into the US and the supply chain logistics of this tariff announcement heard around the world is hard to even put our arms around at this moment,” he said in a note to investors last week.However, on Saturday, Trump said he “couldn’t care less” if carmakers raise prices in response to the tariffs on foreign-made vehicles. Indeed, the US president told NBC News that he hoped foreign carmakers raise prices as it means “people are gonna buy American-made cars. We have plenty.” More

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    Tesla tells US government Trump trade war could ‘harm’ EV companies

    Elon Musk’s Tesla has warned that Donald Trump’s trade war could expose the electric carmaker to retaliatory tariffs that would also impact other automotive manufacturers in the US.In an unsigned letter to Jamieson Greer, the US trade representative, Tesla said that it “supports fair trade” but that the US administration should ensure that it did not “inadvertently harm US companies”.Tesla said in the letter: “As a US manufacturer and exporter, Tesla encourages the Office of the United States Trade Representative (USTR) to consider the downstream impacts of certain proposed actions taken to address unfair trade practices.”The company, led by Musk, a close ally of Trump who is leading efforts to downsize the federal government, said it wanted to avoid a similar impact to previous trade disputes which resulted in increased tariffs on electric vehicles imported into countries targeted by the US.Tesla said: “US exporters are inherently exposed to disproportionate impacts when other countries respond to US trade actions. The assessment undertaken by USTR of potential actions to rectify unfair trade should also take into account exports from the United States.“For example, past trade actions by the United States have resulted in immediate reactions by the targeted countries, including increased tariffs on electric vehicles imported into those countries.”Trump has imposed significant tariffs that will affect vehicles and parts made around the world.The EU and Canada have announced large-scale retaliations for tariffs on steel and aluminium imports into the US, while the UK has so far held off on announcing any countermeasures.Tesla’s share price has fallen by more than a third over the last month over concerns about a potential buyer backlash against Musk, who has shown support for Germany’s far-right Alternative für Deutschland party, theatrically brandished a chainsaw at a conservative conference, and accused Keir Starmer and other senior politicians of covering up a scandal over grooming gangs.skip past newsletter promotionafter newsletter promotionThis week Trump said said he was buying a “brand new Tesla” and blamed “radical left lunatics” for “illegally” boycotting the EV company – a day after Tesla’s worst share price fall in nearly five years.Tesla said: “As USTR continues to evaluate possible trade actions to rectify unfair trade practices, consideration should also be given to the timeline of implementation. US companies will benefit from a phased approach that enables them to prepare accordingly and ensure appropriate supply chain and compliance measures are taken.” More

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    ‘I’m selling the Nazi mobile’: Tesla owners offload cars after Musk’s fascist-style salutes

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    View image in fullscreenWhen Elon Musk unveiled Tesla’s “truck of the future” in 2019, Filipos could barely contain his excitement. He quickly paid $100 to get on the waitlist. Filipos described himself as a “true Tesla fanboy”, and the Cybertruck would be the third vehicle he’d buy from the company.“When the Cybertruck came out, I watched the live event that night, and my wife was sitting there going, ‘No. No. No,’” said Filipos, who lives in a suburb of Philadelphia and whose last name is being withheld for fear of online retribution. Despite his wife’s disapproval, Filipos loved the bulky trapezoidal truck. “I was truly geeking out on it,” he said.Now things have changed. Filipos bought a Ford F-150 Lightning instead of the Cybertruck. And even though his other car, a Model 3 Performance Tesla, had just 30,000 miles on it, he traded it in for an Acura in February. Frustration had been building for Filipos over the last few months, but the turning point was when Musk did back-to-back Nazi-style salutes during an inauguration day celebration for Donald Trump in January.“I didn’t want to be saddled with a vehicle that was associated with something so awful,” Filipos said. “When you own a vehicle like that, you are advertising for that company.”Filipos is part of a growing movement of Tesla enthusiasts who are now turning their backs on the company – selling their cars, dropping their leases and getting rid of Tesla stock. Many say that, while they still love the cars, they can’t square the CEO’s politics and behavior with their own. Musk is synonymous with Tesla; his vehicles, the Cybertruck in particular, are his calling cards.The Guardian spoke with three people who offloaded their Teslas in protest of Musk over the last month alone. All said they did so explicitly because of Musk’s salutes during the inauguration. Another person who spoke with the Guardian on the condition of anonymity started the process of dropping her lease on the day of the salute with an email to Tesla reading: “Your boss is a Nazi.”Across Reddit, TikTok, Instagram and Facebook, dozens of posts are popping up with people saying they are also getting rid of their Teslas. Some have added photos of themselves flipping the bird as a goodbye gesture to their cars. 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    When you own a vehicle like that, you are advertising for that company
    One celebrity Tesla owner has even taken part. Singer Sheryl Crow posted a video of herself to Instagram waving goodbye to her vehicle as it was hauled off in a flatbed truck on Valentine’s Day. Her caption read: “There comes a time when you have to decide who you are willing to align with. So long Tesla.” She said she was donating the sale proceeds to National Public Radio because it was under threat by “President Musk”.Musk, the world’s richest man, has wholeheartedly thrown his weight behind Trump. He donated $288m to his presidential campaign and uses X, the social media platform he owns, as a megaphone to tout the new administration’s policies and goad anyone who disagrees. This support has earned Musk a coveted position heading the unofficial “department of government efficiency” (Doge), which is tasked with cutting federal spending. His government overhaul has been so sweeping that Democrats such as Senate minority leader Chuck Schumer have called Doge an “unelected shadow government”.Musk and Tesla did not return requests for comment. The CEO responded to backlash over his fascist-style salute with jokes and memes on X.‘No Swastikars’: protesters across the US lambast MuskThe Tesla selloffs come amid nationwide US protests against Musk and his actions. Protesters have gathered outside Tesla showrooms in cities including New York, Seattle and Kansas City, and in towns as small as West Chester, Pennsylvania.In San Francisco, roughly 100 people descended on the city’s Tesla showroom in late February chanting: “Hey hey, ho ho, Elon Musk has got to go”. They unfurled a banner reading “Musk must GO” showing a boot kicking a swastika and carried signs saying “No Swastikars”, an apparent new nickname for Teslas. Passing cars drove by honking enthusiastically.Several anti-Musk websites and social media accounts have also popped up. Tesla Takedown encourages people to protest. One of the organizers is actor and activist Alex Winter, the titular Bill from Bill & Ted’s Excellent Adventure. A TikTok account called Cybertruck hunters has also surfaced. It’s filled with posts of people projecting anti-Musk videos onto the massive rear bumpers of Cybertrucks.The Instagram account Everyone Hates Elon is distributing stickers that say, “Don’t buy a Swasticar” and sending out posters for people to plaster around their cities that say “Goes from 0 to 1939 in 3 seconds” with a picture of Musk doing the Nazi salute. Tesla showrooms and individual cars are also being vandalized, according to Wired. One Cybertruck in downtown Manhattan was spraypainted with a swastika last week.This anti-Musk protest movement started to percolate over the summer, when Tesla owners began to put bumper stickers on their own cars that said: “I bought this before Elon went crazy”.Rebekkah, who lives in the Tampa area and is only going by her first name for fear of retribution, said she started looking for one of those bumper stickers to put on her Model 3 after Musk endorsed Trump for president in July.“It was just the shame of driving it around and getting out of it,” she said. “The potential optics that we were supporting him.”Rebekkah bought the car in 2020 because she was passionate about the climate crisis and wanted an electric vehicle, she said. She was initially thrilled with her Tesla, but like Filipos, things started to sour as she watched the Musk-Trump alliance grow. Then came Musk’s two-time inauguration day salute.“I was dead set on selling the car after that,” Rebekkah said, adding that her grandmother was a Holocaust survivor. Rebekkah said she called her mom and told her: “I’m selling the Nazi mobile.”The car was gone within days. “We haven’t looked back since,” Rebekkah said. She put down a deposit for a Rivian.Tesla owners sell at a loss: ‘I happily paid $4,000 to get rid of that car’Ron likewise decided to sell his Tesla after Musk’s salute, even though he knew he would lose money. He bought his first Tesla in 2020, a gray Model 3 Performance, and loved it from the minute he test drove it. In 2023, he upgraded to a Model Y. Ron said he hadn’t really followed Musk at the time, but last summer, he began to pay attention to the billionaire’s increasing involvement in politics.“I started looking back at some of the things he said, and I started to feel guilty that I didn’t do more research beforehand,” said Ron, who lives in Los Angeles and is only going by his first name for fear of retribution. “I always just assumed he was a quirky, nerdy, you know, space-first exploration technology type of guy.”As time progressed and Musk became more outspoken, Ron said he grew increasingly embarrassed to drive the Tesla. “I felt like I was driving a billboard that supported his endeavors and his thoughts and ideologies,” he said.In the beginning of February, Ron swapped out his Model Y, which only had 15,000 miles, for another electric vehicle, a Hyundai Ioniq. He still owed thousands of dollars on his Tesla. 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    I felt like I was driving a billboard that supported his endeavors and his thoughts and ideologies
    “I guess you could say I happily paid $4,000 to get rid of that car,” Ron said. “That’s how much I disagree with his politics.”Tesla sales have plummeted over the last year. In California, the biggest US market for electric vehicles, they fell by 12%. And registrations for new Tesla vehicles fell by 11.6%, according to the California New Car Dealers Association, even as overall registrations for electric vehicles have grown in the state. Nationwide, the slump in Tesla sales marked the company’s first decline in how many cars it delivered to buyers annually. It’s unclear if the decrease can be fully attributed to Musk, since the electric vehicle market has seen increased competition over the past couple of years, especially out of China.In Europe, Tesla has taken an even more severe hit. In January, sales fell by 12% in Britain, 38% in Norway and 63% in France, according to the New York Times. Sales in Germany fell by 59% that month, coinciding with Musk’s outspoken support for the far-right alternative party AfD and with scolding Germans for focusing too much on “past guilt” for the Holocaust.Tesla stock flies, then plummetsIn spite of its poor sales and weak earnings reports, Tesla’s stock price soared in 2024 – likely boosted by Musk’s proximity to Trump and a regulatory outlook that’s friendlier than ever to the car maker. The day after the election alone, shares jumped 14%. But, as Musk has become increasingly involved in the day-to-day of the new administration, that has changed, too. Since mid-December, Tesla’s stock has plunged 25%.On social media, people are encouraging others to sell their Tesla stock. Reddit has threads of people posting their share sales with headlines like, “Never normalize Nazis” and “This is my way of fighting Nazis and I’m damn proud.” Since inauguration day, there’s been a 21% selloff of Tesla stock, according to ABC. Musk has lost more than $100bn from his personal fortune and the company’s valuation has now dipped below $1tn.Filipos is one of the people who sold his stock. He first bought 40 shares in 2020, not long after he joined the Cybertruck waitlist. Over the years, that number grew to 717 shares. He planned to keep holding, but when Musk endorsed Trump last summer, Filipos changed his mind.“I had to come to a reckoning,” he said. Filipos didn’t see Trump as standing up for the environment, and Musk’s endorsement “was against what I perceived as the original vision for Tesla”.In late July, Filipos sold all of his shares – even though he knew he probably would have made more money if he held. Now, he and his wife have gotten rid of their Model 3 too and are free of all things Tesla.“We feel lighter not being saddled with a symbol of hate,” he said. More

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    Trump administration suspends $5bn electric vehicle charging program

    The Trump administration has ordered US states to suspend a $5bn electric vehicle charging station program in a further blow to the environmental movement since the president’s return to the White House.In a memo issued on Thursday to state transportation directors, the transportation department’s Federal Highway Administration (FHWA) ordered states not to spend any funds allocated to them under the Biden administration as part of the national electric vehicle infrastructure (NEVI) program.“The new leadership of the Department of Transportation … has decided to review the policies underlying the implementation of the NEVI Formula Program,” Emily Biondi, the FHWA’s associate administrator for planning, environment and realty, wrote in the memo. “Accordingly, the current NEVI Formula Program Guidance dated June 11, 2024, and all prior versions of this guidance are rescinded,” Biondi added.“As result of the rescission of the NEVI Formula Program Guidance, FHWA is also immediately suspending the approval of all State Electric Vehicle Infrastructure Deployment plans for all fiscal years. Therefore, effective immediately, no new obligations may occur under the NEVI Formula Program until the updated final NEVI Formula Program Guidance is issued and new State plans are submitted and approved,” she wrote.Biondi added that until new guidance is issued, reimbursements of existing obligations for designing and building charging stations will be allowed in order to prevent the disruption of current financial commitments.According to an existing page on the energy department’s website, the NEVI program provides funding to states to strategically deploy EV chargers. Funding is available for up to 80% of eligible project costs including the acquisition, installation and network connection of EV chargers, proper operation and maintenance of EV chargers, and long-term EV charger data sharing.Politico reports that as of Thursday, the FHWA removed several website pages that provided information on the NEVI program.In a statement to Politico, Andrew Rogers, a former deputy FHWA administrator under the Biden administration, said that the memo “appears to ignore both the law and multiple restraining orders that have been issued by federal courts”.The outlet further reports Roger saying that the memo appears to be “in direct violation” of the Impoundment Control Act of 1974, a law that restricts presidents from withholding congressionally approved funding.Currently, 14 states have at least one operational EV station, according to EV States Clearinghouse. As of last November, there are 126 public charging ports in operation across 31 NEVI stations in nine states, marking an 83% increase in open NEVI ports since last quarter, according to a NEVI report.skip past newsletter promotionafter newsletter promotionIt added that a total of 41 states have released at least their first round of solicitations, with 35 having issued conditional awards or put agreements in place for more than 3,560 fast-charging ports across more than 890 charging station locations.Throughout his campaign, Trump railed against EVs, at one point saying that supporters of the vehicles should “rot in hell” and that Biden’s support of EVs would bring a “bloodbath” to the US’s automotive industry.Last month, as part of a flurry of executive orders he signed during his first days back in office, Trump revoked a Biden-era order from 2021 that had aimed to make half of all new vehicles sold in the US in 2030 electric. More

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    All the executive orders Trump has signed so far

    Donald Trump has signed dozens of executive orders in his first weeks back in office, including ending birthright citizenship, curbing DEI and “gender radicalism” in the military, and pardoning January 6 rioters.The US president promised in his inaugural speech that these orders would amount to a “complete restoration of America”.Here’s what to know about the executive orders Trump has signed since retaking the White House.ICC sanctionsThe order: Trump signed an order authorizing economic sanctions on the international criminal court (ICC), accusing the body of “improperly targeting” the United States and its allies, such as Israel.What Trump said: Trump has been a vocal critic of the ICC and said the court had “abused its power” in issuing warrants for Benjamin Netanyahu and his former defense minister Yoav Gallant for alleged war crimes. “This malign conduct in turn threatens to infringe upon the sovereignty of the United States and undermines the critical national security and foreign policy work of the United States government and our allies, including Israel,” Trump said.What it means: The order grants Trump broad powers to impose asset freezes and travel bans against ICC staff and their family members if the US determines that they are involved in efforts to investigate or prosecute citizens of the US and certain allies.Read moreEnding ‘anti-Christian bias’The order: Trump signed an executive order attempting to eliminate “anti-Christian bias” in the US government. The president announced the formation of a taskforce, led by the attorney general, Pam Bondi, to end all forms of “anti-Christian targeting and discrimination” in the government.What Trump said: Trump said Bondi would work to “fully prosecute anti-Christian violence and vandalism in our society and to move heaven and earth to defend the rights of Christians and religious believers nationwide”.What it means: The order is meant to reverse alleged targeting of “peaceful Christians” under Biden. Critics say it changes the traditional understanding of religious liberty, with Americans United for Separation of Church and State saying in a statement that Trump’s taskforce would “misuse religious freedom to justify bigotry, discrimination and the subversion of our civil rights laws”.Read moreBanning trans athletes from women’s sportsThe order: Trump signed an executive order banning transgender athletes from participating in women’s sport. It directs federal agencies, including the Department of Justice, to interpret federal Title IX rules as the prohibition of trans girls and women from participating in any female sports categories.What Trump said: “With this executive order, the war on women’s sports is over.”What it means: The order is the latest in a slew of Trump actions aimed at rolling back the rights of trans people. Trump also signed orders defining sex as “only male or female” and banning gender transitions for people under the age of 19.Read moreEnding Unrwa fundingThe order: Trump signed an executive order stopping funding for Unrwa, the UN agency for Palestinian refugees, and withdrawing US from the UN human rights council.What Trump said: The president criticized the entire United Nations as “not being well run” and “not doing the job”.What it means: In his first term, Trump cut Unrwa funding and withdrew from the UN’s human rights council. The Biden administration restored Unrwa funding and rejoined the council.Read moreImplementing tariffs on imports from Mexico, China, and CanadaThe orders: Trump signed three executive orders on 1 February placing tariffs on Mexico, China and Canada, to begin on 4 February.What the orders say: the Mexico order says that drug traffickers and the country’s government “have an intolerable alliance” that endangers US security. The China order says the country’s government allows criminal organizations to “launder the revenues from the production, shipment, and sale of illicit synthetic opioids”. The Canada order says that Mexican cartels are operating in that country, claiming the amount of fentanyl imported could kill “9.5 million Americans”.What it means: All three countries announced retaliatory actions. On 3 February, Trump agreed to postpone tariffs against Mexico and Canada for one month after they committed to increasing border enforcement. China has announced retaliatory tariffs on some American imports and an antitrust investigation into Google on 4 February after Trump’s tariffs took effect.Read moreCreation of a sovereign wealth fundThe order: Trump ordered the US treasury and commerce department to create a sovereign wealth fund. Such a fund, which requires congressional approval, would act as an investment fund for the country, operating outside the Federal Reserve and the treasury department.Trump offered few details about the fund, including where the cash would come from. His treasury secretary and the nominee for commerce secretary would spearhead efforts to create the fund. Treasury secretary Scott Bessent told reporters the government would “stand this thing up within the next 12 months”.What Trump said: “We have tremendous potential,” Trump said. “I think in a short period of time, we’d have one of the biggest funds.”Trump also said that the fund could be used to facilitate the purchase of TikTok.What it means: More than 100 countries and 20 US states have sovereign wealth funds. Senior officials in the Biden administration had been quietly working on a sovereign wealth fund before the US election in November, according to multiple reports.Read moreMigrant detention center at Guantánamo BayThe order: Trump signed an executive order to prepare a huge detention facility at Guantánamo Bay that he said could be used to hold up to 30,000 immigrants deported from the US.What Trump said: Guantánamo could “detain the worst criminal illegal aliens threatening the American people”, Trump said during the signing of the Laken Riley Act, another of his administration’s hardline immigration policies.What it means: The order is part of a broader effort to fulfill Trump’s promise to remove millions of people from the country.Read moreGender-affirming careThe order: Trump signed an order that attempts to end gender transitions for people under 19.What Trump said: “It is the policy of the United States that it will not fund, sponsor, promote, assist, or support the so-called ‘transition’ of a child from one sex to another, and it will rigorously enforce all laws that prohibit or limit these destructive and life-altering procedures,” reads the order.What it means: The order directs that federally run insurance programs, including Tricare for military families and Medicaid, exclude coverage for such care. The order calls on the Department of Justice to vigorously pursue litigation and legislation to oppose the practice.Read moreReshaping the militaryThe order: Trump signed three executive orders on 27 January that would reshape the military: removing diversity, equity and inclusion efforts, eliminating “gender radicalism” from the military, and reinstating soldiers who were expelled for refusing Covid-19 vaccines.What Trump said: “To ensure we have the most lethal fighting force in the world, we will get transgender ideology the hell out of our military. It’s going to be gone,” Trump said in Florida, according to CBS.What it means: Trump’s order does not yet ban transgender soldiers from the military, but directs the Pentagon to create a policy for trans members of the military.Read moreStart a process to ‘develop an ‘American Iron Dome”’The order: Trump signed an executive order on 27 January that would begin the process of creating a “next-generation” missile defense shield, which the administration is referring to as the American Iron Dome.What Trump said: “The United States will provide for the common defense of its citizens and the Nation by deploying and maintaining a next-generation missile defense shield,” the order said.What it means: Creating a short-range missile defense system akin to Israel’s Iron Dome would take years to build. The order calls for a plan from the defense secretary, Pete Hegseth, within 60 days.Read moreReview of disaster agency FemaThe order: Trump ordered a review of Federal Emergency Management Agency (Fema), the disaster response agency, and suggested there is “political bias” in the agency. Trump previously criticized the agency’s response to Hurricane Helene.What Trump said: “Despite obligating nearly $30 billion in disaster aid each of the past three years, Fema has managed to leave vulnerable Americans without the resources or support they need when they need it most,” the order stated.What it means: A review council – which includes the secretaries of defense and homeland security, Pete Hegseth and Kristi Noem – will report to Trump within 180 days.Read moreDeclassifying MLK and JFK filesThe order: Trump ordered the release of thousands of classified documents on the assassinations of John F Kennedy, Robert F Kennedy and Martin Luther King Jr.What Trump said: “The federal government has not released to the public all of its records related to those events. Their families and the American people deserve transparency and truth. It is in the national interest to finally release all records related to these assassinations without delay,” the order said.What it means: Trump made this promise during the election campaign and made a similar pledge in his first term, but ultimately heeded appeals from the CIA and FBI to withhold some documents.Read moreRemoving ‘barriers’ to AI innovation and investing in digital financial assetsThe order: During his first week in office, Trump signed an executive order calling for a review of all Biden policies on AI, to remove policies that “act as barriers to American AI innovation”. A second order called for a working group to start work on crypto regulations.What Trump said: “We must develop AI systems that are free from ideological bias or engineered social agendas” to maintain the US’s dominant position in AI technology, the order states.What it means: Former PayPal executive David Sacks has been tasked with leading a group to develop an AI action plan. Meanwhile another working group will start work on crypto regulations.Ending birthright citizenshipThe order: On his first day in office, Trump targeted automatic citizenship for US-born children of both undocumented people and some legal immigrants.What Trump said: The order specifies that it would limit birthright citizenship if a person’s “mother was unlawfully present in the United States and the father was not a United States citizen or lawful permanent resident at the time of said person’s birth”, or “when that person’s mother’s presence in the United States at the time of said person’s birth was lawful but temporary”.What it means: Birthright citizenship, which guarantees citizenship to anyone born on US soil, is protected by the 14th amendment and any attempt to revoke it will bring immediate legal challenges. The order was temporarily blocked on 23 January, with the judge calling it “blatantly unconstitutional”.Read moreskip past newsletter promotionafter newsletter promotionPut a freeze on refugee admissionsThe order: Trump signed an order suspending the country’s refugee resettlement program starting on 27 January. Refugees maybe only be admitted on a case-by-case basis so long as their entry is in the “national interest”.What Trump said: The order cited “record levels of migration” to the US and said the country did not have the ability to “absorb large numbers of migrants, and in particular, refugees”.What it means: Advocates say the move put lives in danger and has left families devastated. Thousands of refugees now stranded around the globe.Read moreLeaving the World Health OrganizationThe order: Trump signed an order to have the US exit the World Health Organization (WHO).What Trump said: “World Health ripped us off, everybody rips off the United States. It’s not going to happen any more,” Trump said at the signing. He accused the WHO of mishandling the Covid-19 pandemic and other international health crises.What it means: The US will leave the WHO in 12 months’ time and stop all financial contributions to its work. The US is the biggest financial backer to the United Nations health agency.Read moreRenaming the Gulf of MexicoThe order: Trump ordered two name changes: the Gulf of Mexico and Alaska’s Mount Denali.What Trump said: “President Trump is bringing common sense to government and renewing the pillars of American Civilization,” the executive order said in part.What it means: Trump ordered the Gulf of Mexico to be renamed the “Gulf of America” and will rechristen Alaska’s Mount Denali as Mount McKinley.It will have no bearing on what names are used internationally.Read moreRevoking electric vehicle targetsThe order: Trump revoked a non-binding executive order signed by Joe Biden aimed at making half of all new vehicles sold in 2030 electric.What Trump said: “The United States will not sabotage our own industries while China pollutes with impunity,” Trump said.What it means: Part of an effort to repeal Biden’s environmental protections, Trump has also promised to roll back auto pollution standards finalized by Biden’s administration last spring.Read moreReclassifying federal employees, making them easier to fireThe order: Trump’s executive order reclassified thousands of federal employees as political hires, making it much easier for them to be fired.What Trump said: Aides to the president have long heralded mass government firings as part of an attack on the so-called “administrative” or “deep” state.What it means: Trump in effect reinstates “Schedule F”, an executive order he signed in the last year of his first term, seeking to reclassify tens of thousands of federal workers. (Biden rescinded the order.)Key aides to Trump have called for mass government firings. Project 2025 made attacks on the deep or administrative state a core part of Trump’s second term. The rightwing playbook called for civil servants deemed politically unreliable to be fired and replaced by conservatives.Read moreDeclaring a national energy emergency and ‘unleash’ oil production in AlaskaThe order: Trump declared a national energy emergency as part of a barrage of pro-fossil fuel actions and efforts to “unleash” already booming US energy production that included also rolling back restrictions in drilling in Alaska and undoing a pause on gas exports.What Trump said: The order means “you can do whatever you have to do to get out of that problem and we do have that kind of emergency,” Trump said. The order also says it is US policy for the country to “fully avail itself of Alaska’s vast lands and resources”.What it means: The declaration would allow his administration to fast-track permits for new fossil fuel infrastructure. It is likely that the order, part of a broader effort to roll back climate policy, will face legal challenges.Read moreCreating a policy recognizing only two gendersThe order: Trump signed an order to remove “gender ideology guidance” from federal government communication, policies and forms. The order makes it official policy that there are “only two genders, male and female”.What Trump said: “Agencies will cease pretending that men can be women and women can be men when enforcing laws that protect against sex discrimination,” the order states.What it means: The order reverses a Biden-era executive action on the acceptance of gender identity.Read morePausing the TikTok banThe order: Trump signed an executive order temporarily delaying the enforcement of a federal ban on TikTok for at least 75 days.What Trump said: “I guess I have a warm spot for TikTok that I didn’t have originally,” Trump said at the White House, as he signed executive orders, according to the New York Times.What it means: Trump ordered his attorney general to not enforce the law requiring TikTok’s sale. Trump says the pause allows for time to chart an “appropriate course forward” to protect national security and not abruptly shut down the popular app. In his first term, Trump favored a TikTok ban, but has since changed his position due to factors including his own popularity on the app.Read moreRescinding 78 Biden-era executive actionsThe order: Trump ordered 78 Biden-era executive actions to be rescinded, including at least a dozen measures supporting racial equity and combating discrimination against gay and transgender people.What Trump said: “I’ll revoke nearly 80 destructive and radical executive actions of the previous administration,” Trump told a crowd in Washington after his inaugural speech. He also said he would end policy “trying to socially engineer race and gender into every aspect of public and private life” and push for a “color blind and merit-based” society.What it means: The orders signal a reversal of Biden-era policy that prioritized implementing diversity measures across the federal government. Trump repealed orders signed by Biden advancing racial equity for underserved communities and the aforementioned order combating discrimination based on gender identity or sexual orientation.Declaring a national border emergencyThe order: Trump signed an order at the White House declaring an emergency at the southern US border, along with several other immigration-related policies.What Trump said: “All illegal entry will immediately be halted, and we will begin the process of returning millions and millions of criminal aliens back to the places from which they came,” Trump said in his inauguration speech.What it means: The executive action paves the way to send US troops to the southern border and makes good on campaign promises to implement hardline immigration policies. There are limited details about how the administration plans to execute its sprawling set of immigration actions that were all but certain to face legal and logistical challenges.Immigrant communities across the country are bracing for Trump’s promise to carry out the “largest deportation program in American history”, beginning as early as Tuesday morning.Read moreIssuing pardons for January 6 defendantsThe order: Trump issued pardons for offenders and commutations related to the January 6 attack on the Capitol. He will direct the Department of Justice to dismiss cases currently in progress.What Trump said: “I’m going to be signing on the J6 hostages, pardons, to get them out,” Trump said during his rally speech. “We’ll be signing pardons for a lot of people, a lot of people.” Trump said he has pardoned about 1,500 defendants charged in the January 6 attack on the US Capitol and issued six commutations.What it means: Trump made his pledge to issue pardons for those with convictions related to the January 6 Capitol attack a core part of his re-election campaign. On the campaign trail, Trump often featured the national anthem sung by prisoners in a Washington DC jail. There are more than 1,500 people federally charged with associated charges.With Trump back in the White House, justice department investigations into January 6 crimes are expected to cease.Read moreWithdrawing from the Paris climate agreementThe order: Trump issued an executive action withdrawing the US from the 2015 Paris agreement, along with a letter informing the United Nations of the decision.What Trump said: “I am immediately withdrawing from the unfair, one-sided Paris Climate Accord rip-off” Trump said during a rally at the Capital One Arena. In his inaugural speech, Trump said he would use executive action to “end the Green New Deal”.What it means: In 2017, Trump exited the Paris agreement. Upon taking office in 2021, Biden rejoined. Monday’s order makes good on a Trump election promise to withdraw from the 2015 global treaty seeking to avoid the worst impacts of the climate crisis.Exiting the Paris agreement is part of Trump’s broader efforts to roll back climate protections and policy. Trump has described Biden’s efforts to grow the US’s clean energy sector as “the green new scam”.Read more This explainer was first published on 29 January 2025 and is being regularly updated to ensure that it reflects latest news developments. The date of the most recent update can be found in the timestamp at the top of the page. Any significant corrections made to this or previous versions of the article will continue to be footnoted in line with Guardian editorial policy. This article was amended on 30 January 2025. A previous version said the birthright citizenship executive order affected children of immigrants in the country illegally. It applies to children both of undocumented people and some legal immigrants. The subheading of this article was amended on 6 February 2025. An earlier version incorrectly said Donald Trump had abolished the Department of Education. More