01:52:40 EDT Tue 01 Jul 2025
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Amazon.com CDR (CAD Hedged)
Symbol AMZN
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Close 2025-06-06 C$ 25.10
Market Cap C$ 837,085,000
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Globe/NYT say Tesla's Musk has tech titans in quandary

2025-06-09 08:47 ET - In the News

See In the News (C-TSLA) Tesla CDR (CAD Hedged)

The Globe and Mail reports in its Saturday edition that the meltdown of the relationship between Donald Trump and Tesla chief executive officer Elon Musk has thrown the previous coziness the tech oligarchs had with the President into question. A New York Times dispatch to the Globe says that in the coming days, the billionaires who followed Mr. Musk to Washington may be forced to decide whose side they are on in this suddenly personal fight. For Silicon Valley, what appeared to be a once-in-a-lifetime opportunity to team up with decision-makers in Washington is looking precarious. Mr. Musk was the keystone of the tech industry's relationship with the Trump administration. Without him, it could be up to lesser-known figures, such as venture capitalist David Sacks, a close friend of Mr. Musk who has become the Trump administration's artificial intelligence and crypto czar, to maintain those ties. "This is a tale as old as time," said Venky Ganesan at venture capital firm Menlo Ventures. "Like Icarus, Elon is finding out that if you fly too close to the sun, your wax melts and you crash. ... Much better to be aligned with principles than personalities," Mr. Ganesan added. "A lesson tech titans might want to learn."

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