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      Officials Are Fired at Traffic Safety Agency Investigating Musk’s Company

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      The National Highway Traffic Safety Administration has raised questions about crashes involving Tesla’s self-driving technology.The federal agency responsible for traffic safety, which has been investigating whether self-driving technology in Tesla vehicles played a role in the death of a pedestrian, will fire a “modest” number of employees, an agency spokesman said late Friday.The agency did not say whether any of the fired employees were involved in investigations of Tesla, whose chief executive, Elon Musk, is leading the Department of Government Efficiency established by President Trump.The efficiency department has been forcing layoffs at numerous government agencies as part of an effort to reshape the federal bureaucracy. Mr. Musk has retained control of Tesla while spending much of his time in Washington.The National Highway Traffic Safety Administration has three active investigations of Tesla, according to agency documents, including one examining whether the company’s autonomous driving software is prone to failure when visibility is poor.The layoffs at the traffic safety agency, which has less than 1,000 employees, were reported earlier by The Washington Post. Even after the layoffs, the agency continues to employ more people than at the beginning of the Biden administration, the agency said in a statement.“The last administration grew NHTSA by a whopping 30 percent,” the agency said in a statement.“We have retained positions critical to the mission of saving lives, preventing injuries, and reducing economic costs due to road traffic crashes,” the agency said. “We will continue to enforce the law on all manufacturers of motor vehicles and equipment.”Tesla did not respond to a request for comment.One of the traffic safety agency’s investigations into Tesla is based on four accidents involving technology that the carmaker calls supervised full self-driving.James Stukenberg for The New York TimesOne of the investigations into Tesla is based on four accidents involving technology that the carmaker calls supervised full self-driving, which can steer, brake and navigate Tesla cars in some situations. In one of the crashes, a Tesla struck and killed a pedestrian, according to agency documents. In another of the accidents, a person was injured.Tesla’s self-driving technology relies on cameras to survey a car’s surroundings, in contrast with competitors like Waymo, a unit of the same company as Google, that also uses lasers and radar to recognize objects.The traffic safety agency has been looking into whether Tesla’s technology failed when visibility was poor because of glare from the sun, fog or dust.Mr. Musk has often argued that Tesla self-driving technology is safer than human drivers.The technology is also crucial to Tesla’s future and share price. As Tesla sales have flagged, falling 1 percent last year even as the global market for electric vehicles rose 25 percent, Mr. Musk has shifted the company’s focus to autonomous driving technology and plans for a self-driving taxi.The technology will help make Tesla the most valuable company in the world by far, Mr. Musk told investors last month. More

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      Comparing Elon Musk and Jack Welch as Influential Cost-Cutters

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      Elon Musk’s hyperfocus on the bottom line has made him influential in Washington and Silicon Valley. How does that compare with the last famous cost-cutter, Jack Welch?Elon Musk is perhaps the most influential corporate cost-cutter since Jack Welch led General Electric.Eric Lee/The New York TimesA tale of the cost-cutting tapeThere’s no disputing that Elon Musk is one of the leading businessmen of our era. He has a net worth of around $400 billion these days and leads prominent businesses including Tesla, SpaceX, X, Neuralink and xAI. And he has become known for moving fast, cutting costs and pushing the workers who remain beyond what they thought possible.In many ways, that recalls a previous titan of industry, Jack Welch, who 25 years ago was considered the greatest businessman of his generation. It raises an intriguing question: Is Musk as influential a business leader as the former General Electric chief? Are the two men even comparable?By some lights, the two aren’t remotely the same. Welch was no entrepreneur but instead was the ultimate corporate chameleon, the son of a train conductor who started his career in G.E.’s plastics division and spent his whole career at the conglomerate.Musk, on the other hand, hailed from a prominent South African family, before emigrating to Canada and then to the United States as a serial entrepreneur.And while the two were both politically conservative, Welch was more of a country-club Republican, partial to golf and no fan — at least earlier on — of Donald Trump. While a savvy political operator, Welch was unlikely to have decamped to Mar-a-Lago to personally and intensely cozy up to the president-elect, as Musk did. (In 2016, Welch withdrew his support for Trump as the Republican presidential nominee, writing on social media, “Unfortunately, wrong messenger…Party must change nominee now.”)But the two shared a common business philosophy: Cut as much fat as possible.Welch believed G.E. had become too bureaucratic and bloated. He slashed billions of dollars in costs, and prided himself on weeding out employees who just weren’t making it. He became an apostle of the Six Sigma approach, inspiring other C.E.O.s. Corporate profits — and G.E.’s stock price — exploded under his watch.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      DOGE’s Only Public Ledger Is Riddled With Mistakes

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      The figures from Elon Musk’s team of outsiders represent billions in government cuts. They are also full of accounting errors, outdated data and other miscalculations.Elon Musk and his Department of Government Efficiency say they have saved the federal government $55 billion through staff reductions, lease cancellations and a long list of terminated contracts published online this week as a “wall of receipts.”President Trump has been celebrating the published savings, even musing about a proposal to mail checks to all Americans to reimburse them with a “DOGE dividend.”But the math that could back up those checks is marred with accounting errors, incorrect assumptions, outdated data and other mistakes, according to a New York Times analysis of all the contracts listed. While the DOGE team has surely cut some number of billions of dollars, its slapdash accounting adds to a pattern of recklessness by the group, which has recently gained access to sensitive government payment systems.Some contracts the group claims credit for were double- or triple-counted. Another initially contained an error that inflated the totals by billions of dollars. In at least one instance, the group claimed an entire contract had been canceled when only part of the work had been halted. In others, contracts the group said it had closed were actually ended under the Biden administration.The canceled contracts listed on the website make up a small part of the $55 billion total that the group estimated it had found so far. It was not possible to independently verify that number or other totals on the site with the evidence provided. A senior White House official described how the office made its calculations on individual contracts, but did not respond to numerous questions about other aspects of the group’s accounting. But it is clear that every dollar the website claims credit for is not necessarily a dollar the federal government would have spent — or one that can now be returned to the public.A screenshot of the DOGE site’s “wall of receipts” on Friday. More

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      Federal Judge Banishes Musk’s DOGE Aides From Treasury Dept. Systems

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      A Manhattan federal judge on Friday banned Elon Musk’s cost-cutting team from regaining access to the U.S. Treasury Department’s most sensitive payment and data systems until the conclusion of a lawsuit that claims the group’s access is unlawful.The judge overseeing the case, Jeannette A. Vargas, ruled that members of the so-called Department of Government Efficiency, or DOGE, cannot be given access to sensitive payment systems. She said she would continue the restrictions of a temporary restraining order already in place.Friday night’s order, the judge wrote, “bars the Treasury Department from granting access to any member of the DOGE team within the Treasury Department to any payment record, payment systems, or any other data systems maintained by the Treasury Department containing personally identifiable information and/or confidential financial information of payees.”The case stems from a lawsuit filed by 19 state attorneys general, led by Letitia James of New York, who sued to block the Trump administration’s policy of allowing political appointees and “special government employees” who work with Mr. Musk to access the systems. The systems contain some of the country’s most sensitive information, including Americans’ bank account and Social Security data.“Musk and DOGE are trying to wipe out vital programs and services — from health care to public safety to education — that our communities need,” Ms. James said in a statement Friday night. “I led a coalition of attorneys general to put a stop to this lawlessness, and a federal court has yet again blocked their access to our confidential information.”White House press officials did not immediately return messages seeking comment.The case, one of dozens filed in the country against the administration’s sweeping agenda, could test the ability of the courts to interpret and enforce the law when it runs counter to the goals of the executive branch.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      One Month into the Trump Presidency

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      The president has moved swiftly to remake Washington. But for business leaders, that volatility has often been hard to navigate. In his first month back in office, President Trump has rapidly begun to remake Washington. But with that has come big questions about what’s next.Al Drago for The New York TimesThe good, bad and puzzlingCorporate leaders and investors expected a bit of volatility to accompany President Trump’s second term. In many ways, that’s exactly what has happened one month in, with the radical cutting of the federal government, threats of trade wars and more.But amid a flurry of unexpected announcements — talks over a possible Ukraine peace plan that exclude Kyiv, the retention of tough Biden-era deal guidelines and a potential Elon Musk-enabled stimulus plan, for starters — and a lack of clarity over where Trump stands on a host of issues, many executives are asking themselves: How do we navigate this?Trump has made good on some of his campaign promises. He has vowed to impose tariffs to bolster American manufacturing. He has waged war on diversity, equity and inclusion programs, and more and more companies have fallen into line.And most notably, he has unleashed subordinates and Musk to raze huge portions of the Washington bureaucracy, with some courts refusing to stand in the way. The latest on that: The I.R.S. fired 6,700 workers on the eve of tax-filing season; Trump claimed the power to dismiss administrative law judges at will; and he reportedly plans to take control of the U.S. Postal Service, according to The Washington Post.But there’s a lot that business leaders and others are trying to figure out:Where does Trump actually stand on tariffs? He has spoken of a potential wide-ranging trade deal with China, even as he threatens Europe with huge levies.Trump’s position on Ukraine is increasingly unclear, as he publicly embraces Russia and castigates Kyiv and Europe. Treasury Secretary Scott Bessent is said to have pressured President Volodymyr Zelensky of Ukraine to hand over billions’ worth of Ukrainian mineral resources, according to The Wall Street Journal, while Secretary of State Marco Rubio privately told European leaders that Washington wasn’t looking to disrupt the diplomatic status quo.The administration’s antitrust cops have kept in place Biden era merger rules, dampening hopes for a deal resurgence. And despite efforts by tech companies like Meta to forge closer ties to Trump, the Federal Trade Commission’s new chief is weighing a scrutiny of Big Tech over censorship concerns.Trump’s efforts to gain more control over independent agencies may reach further into the Fed, with Musk vaguely promising an audit of the central bank.The president’s floating of potentially inflationary taxpayer payouts, funded by Musk’s government cost-cutting (whose true extent appears to change frequently), is drawing lukewarm support from congressional Republicans.Trump’s legislative agenda is in limbo, with the president splitting Republican lawmakers over matters like the budget.For now, corporate America appears to be along for the ride. A new survey by the Conference Board found that C.E.O. confidence recently reached a three-year peak, reflecting “confident optimism.”Whether that will persist — Americans appear increasingly worried about rising inflation and the Musk cost-cutting — remains to be seen. Stay tuned.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      How ‘Based’ Is Grok 3? + Robinhood C.E.O. Vlad Tenev on Markets for Everything + Vibecoding 101

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      Listen to and follow ‘Hard Fork’Apple | Spotify | Amazon | YouTube | iHeartRadioThis week, Elon Musk brought a new chatbot into the crowded A.I. universe — Grok 3, the latest model from his company xAI. We break down how it compares with other leading models and what it reveals about Musk’s larger ambitions. Then, Vlad Tenev, the chief executive of the investing platform Robinhood, lays out his vision for the future of investing and fields some difficult questions about his company’s role in fueling a culture of risky financial speculation. Finally, Kevin revisits his high school coding era and tries to make Casey a new software tool, with an A.I. assist.Guest:Vlad Tenev, chief executive of Robinhood and co-founder of Harmonic.Additional Reading:There Are Probably Too Many A.I. Companies NowAn Investing Revolution Is Coming. The U.S. Isn’t Ready for It.Is Math the Path to Chatbots That Don’t Make Stuff Up?Photo Illustration: The New York TimesCredits“Hard Fork” is hosted by More

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      Musk and His Millions Enter Wisconsin Supreme Court Race

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      Elon Musk’s super PAC has spent $1 million on canvassing operations supporting the conservative candidate in the race, his first election spending after the 2024 campaign.Elon Musk’s super PAC is back.Mr. Musk, the country’s largest donor during the 2024 election, is returning to campaigns by funding a new effort to help elect Brad Schimel, the conservative candidate for the Wisconsin Supreme Court. It is Mr. Musk’s first public political spending after Election Day.America PAC spent $1 million on canvassing operations in the state, according to a new campaign finance filing that became public Thursday. Pamphlets distributed to some Wisconsin homes read, “President Trump needs you to get out and vote,” and included a link to a website where voters could register to vote and learn about how to cast ballots early.A nonprofit organization that has historically been backed by Mr. Musk, Building America’s Future, this week began a $1.6 million-and-counting television campaign to bolster Judge Schimel, a former state attorney general who is now a judge in Waukesha County. But that group has other major donors and is not as directly tied to Mr. Musk as is America PAC, which is funded almost entirely by the billionaire.Wisconsin Supreme Court elections are officially nonpartisan, but Judge Schimel has been endorsed by the Republican Party of Wisconsin, which is allowed by state campaign finance law to transfer unlimited sums to his campaign. The liberal candidate, Susan Crawford, has been endorsed by the Democratic Party of Wisconsin. Judge Crawford sits on a court in Dane County, Wisconsin’s most Democratic county, which includes Madison.The April 1 election for a 10-year term on the Wisconsin Supreme Court carries higher stakes than any election this year until the November contests for governor of New Jersey and Virginia. There is now a four-to-three liberal majority on the court, but Justice Ann Walsh Bradley, a liberal who has sat on the court since 1995, is retiring, putting the court’s majority on the ballot.The state’s abortion laws, as well as its legislative and congressional district lines, are likely to be determined by whichever faction controls the state high court in coming months.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Elon Musk Is Focused on DOGE. What About Tesla?

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      Mr. Musk, one of President Trump’s main advisers, has not outlined a plan to reverse falling sales at the electric car company of which he is chief executive.Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appears to be diverting his attention from Tesla at a perilous moment for the electric car company.Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed that underperformance, and he has offered no concrete plan to revive sales. He has also provided no details about a more affordable model Tesla says it will start producing this year. In the past, Mr. Musk spent months or years promoting vehicles before they appeared in showrooms.And he has spent much of his time since the election in Washington and at Mr. Trump’s home in Florida — far from Austin, Texas, where Tesla has its corporate headquarters and a factory, or the San Francisco Bay Area, where it has a factory and engineering offices.In the past decade or so, Tesla went from a struggling start-up to upending the global auto industry. The company sold millions of electric cars and generated huge profits, forcing established automakers to invest billions of dollars to catch up. Tesla’s success has been reflected in its soaring stock price, which helped make Mr. Musk the world’s richest person.But now, he seems to have lost interest in the grinding business of developing, producing and selling cars, investors and analysts say. That could have serious ramifications for his company and the auto industry, which employs millions of people worldwide.Even before he joined the Trump administration as the head of the Department of Government Efficiency, Mr. Musk’s running multiple companies had led investors and corporate governance experts to wonder whether he was spread too thin. Besides Tesla, Mr. Musk controls and runs SpaceX, whose rockets carry astronauts and satellites for NASA and others; X, the social media site; and xAI, which is developing artificial intelligence. And he wants to colonize Mars.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More