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Elon Musk’s mother has taken the Biden administration to task for sidelining her son, accusing the White House of being ignorant of his achievements and businesses.
On Monday, Maye Musk, 73, berated the U.S. government for failing to acknowledge SpaceX’s latest launch on Friday – the firm’s 150th.
Maye, who is a model, tweeted: ‘Sharing this remarkable achievement with @JoeBiden @POTUS @VP @KamalaHarris who are completely unaware of the world’s most advanced rockets and spacecraft.’
She added the hashtags: ‘#MadeInAmerica #JustSaySpacex.’
The company’s Falcon 9 rocket delivered 40 spacecraft to orbit on Friday – SpaceX’s fourth ‘dedicated rideshare mission’ and their 150th successful launch. The ridesharing program sees national space agencies like NASA and Germany’s national space agency pay SpaceX to launch their satellites for them.
Musk, the 50-year-old founder of SpaceX and Tesla, has always had an antagonistic relationship with Joe Biden, given Biden’s strong support for unions and Musk’s refusal to allow his workforce to unionize.
At White House events promoting electric vehicles, Musk has been notable in his absence – something he has repeatedly joked about on Twitter.
Elon Musk is pictured with his mother Maye. On Monday she told Joe Biden and Kamala Harris they were blind to his achievements
SpaceX’s Falcon 9 is seen lifting off from the Kennedy Space Center on Friday
It is not Maye’s first time criticizing Biden for ignoring her son.
In November, after Biden visited GM’s electric vehicle site – and told the CEO: ‘You electrified the entire auto industry. You led’ – Maye responded with laughing emojis.
Her son’s Tesla holds 69.95 percent EV market share in the United States, a report last month found, with Nissan coming in at a distant second place with 8.51 percent.
‘Biden’s speech was written 20 years ago, just before GM killed the electric car,’ Maye tweeted.
‘His speechwriter uploaded the wrong file.’
Musk himself has joined in the mockery, tweeting on November 21: ‘Let’s see if we can get them to say the word ‘Tesla’!’
Maye, 73, has frequently accused Biden and Harris of ignoring her son
The South African-born billionaire has frequently found himself at odds with the Biden administration, criticizing their policies on pandemic lockdowns, and taking issue with taxation in Democrat-run areas.
In October, Musk moved Tesla’s headquarters from California to Texas.
Musk’s mother’s chiding of the Biden administration came as Musk was revealed to have bought a nine percent share in Twitter – making him the largest shareholder.
Twitter’s founder, Jack Dorsey, only owns 2.25 percent.
Republican lawmakers praised Musk for protecting ‘free speech’ on Monday.
Congressman Lance Gooden, a Republican for Texas, who co-founded the Freedom From Big Tech Caucus, lauded Musk but said his purchase was a warning about the social media giant’s ‘power.’
‘The fact that the world’s richest man chose to outright buy Twitter rather than develop a new platform shows Twitter’s monopoly power,’ Gooden told DailyMail.com.
‘I’m glad Elon Musk is stepping up to protect free speech, but Congress must act to put the rest of big tech in their place.’
Numerous Republicans have accused Twitter of ‘censorship’ including ‘shadow banning,’ which supposedly restricts a user’s reach without their knowledge or appearing to do so.
Republican Study Committee Chair, Jim Banks, said on Monday: ‘If [Elon Musk] can clean up Twitter and stop online censorship, I’m all for him taking over the whole damn thing.’
Republican Study Committee Chair Rep. Jim Banks was among the first elected officials to praise Musk’s purchase
Pro-Trump Rep. Lauren Boebert demanded that Musk use his money invested in the company to push for a reversal of Donald Trump’s permanent suspension
Another Trump ally, former Treasury Department official Monica Crowley, also sounded off
Anger at the platform spilled over when it permanently suspended Donald Trump’s account early last year following the January 6 attack on the US Capitol.
Some Republicans now hope Musk will have enough sway to get the ex-president back on.
‘Now that [Elon Musk] is Twitter’s largest shareholder, it’s time to lift the political censorship. Oh… and BRING BACK TRUMP!’ tweeted Lauren Boebert, the outspoken pro-Trump Colorado congresswoman.
Former Trump Treasury Department official Monica Crowley said: ‘He should demand the end of political censorship, company-wide reform, and the reinstatement of President Trump.’
Rep. Lance Gooden (left) told DailyMail.com: ‘I’m glad Elon Musk is stepping up to protect free speech, but Congress must act to put the rest of big tech in their place’
White House Press Secretary Jen Psaki was asked during her Monday press briefing if the billionaire’s history with Biden would force the administration to recalibrate its digital strategy, which has so far relied heavily on Twitter.
‘I expect we will continue to use Twitter, as you all will as well, I would expect,’ Psaki answered while declining to comment on Musk’s ownership specifically.
The world’s richest man – worth an estimated $273 billion – bought nearly 73.5 million shares, a document filed with the US Securities and Exchange Commission on Monday shows.
It means the Tesla co-founder has more than quadruple the shares of Twitter’s founder Jack Dorsey, who owns 2.25 percent.
His passive stake in the company is valued at up to $2.9 billion based on the stock’s Friday close, and the estimated cost of the deal was $2.4 billion, according to the stock price on March 14 when he bought the shares.
The news prompted Twitter’s stock to soar by more than 26 percent in pre-market trade before Wall Street opened on Monday, meaning his shares are now worth around $3.6 billion, earning him $1.2 billion in three weeks.
Elon Musk has become Twitter’s largest shareholder, with a 9.2 per cent stake in the social media company
The news prompted Twitter’s stock to soar by more than 26 per cent in pre-market trade before Wall Street opened on Monday
The world’s richest man bought nearly 73.5 million shares, a document filed with the US Securities and Exchange Commission shows
Shares of other social media firms, including Meta Platforms and Snapchat owner Snap Inc, were also trading higher.
Musk’s stake in Twitter is considered a passive investment, which means he is a long-term investor that’s looking to minimize his buying and selling of the shares.
‘We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter,’ Dan Ives of WedBush Securities wrote in a client note early Monday.
Twitter’s share price has rocketed since Musk’s investment on March 14
Passive investment is a strategy for slowly building wealth by long-term ownership of stocks rather than engaging in frequent trading, which is often accompanies by additional fees and can be more volatile.
Ives also told CNBC: ‘Musk could try to take a more aggressive stance here on Twitter.
‘This eventually could lead to some sort of buyout.
‘This makes sense given what Musk has at least been talking about, at least from a social media perspective.’
The shares are held by the Elon Musk Revocable Trust, of which he is the sole trustee.
On the same day as the filing of the SEC document, Musk challenged Vladimir Putin to a fight on Twitter and posted a meme about supporting current trends.
The mogul has been raising questions about the ability to communicate freely on Twitter, tweeting last month about free speech and the social media platform.
On the same day as the filing of the SEC document, Musk challenged Vladimir Putin to a fight on Twitter
The mogul has been raising questions about the ability to communicate freely on Twitter, and on March 26 he asked what should be done about Twitter’s free speech principles and if a new platform is needed
A day earlier, he made a poll asking whether Twitter adheres to the principle of free speech, warning the results will be ‘important’
‘Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?’ he tweeted.
He accompanied it with a poll on March 25, with 70 per cent of two million users responding that the platform does not adhere to free speech.
Musk said: ‘The consequences of this poll will be important. Please vote carefully.’
In a separate tweet, Musk said that he was ‘giving serious thought’ to creating a new social media platform.
Musk was responding to a Twitter user’s question on whether he would consider building a social media platform consisting of an open source algorithm and one that would prioritize free speech and where propaganda was minimal.
Also last month, Musk asked a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which Musk had to have someone pre-approve his posts on Twitter.
US securities regulators said they had legal authority to subpoena Tesla and Musk about his tweets, and that Musk’s move to throw out a 2018 court agreement that his tweets be pre-approved is not valid.
The entrepreneur is a frequent user of Twitter although his posts have occasionally landed him in hot water.
He has over 80 million followers on the site since joining in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla that landed him in regulatory scrutiny.
It means the Tesla co-founder has more than quadruple the shares of Twitter’s founder Jack Dorsey (pictured), who owns 2.25 per cent
In 2018, the tech CEO was slammed after calling a British diver who helped rescue a group of Thai boys stuck in a cave a ‘pedo’.
His Twitter posting has also led to accusations of stock manipulation, regularly sharing polls and information about his companies online.
In August 2018, he wrote that he was ‘considering taking Tesla private at $420. Funding secured,’ a nod to Musk’s well-known interest in marijuana.
The issue was, he didn’t actually have funding secured – but the stock price soared at the time, and it was later revealed that Musk apparently wrote the tweet because he ‘thought his girlfriend would ‘find it funny.”
He later tweeted how ‘high’ the stock had gone later in 2019 when it did, in fact, hit $420 a share.
Musk’s revelation about his stake in Twitter shares comes two days after Tesla Inc. posted lackluster first-quarter production numbers.
While the company delivered 310,000 vehicles in the period, the figure was slightly below expectations.
Musk has been selling his stake in Tesla since November, when he said he would offload 10 per cent of his holding in the electric-car maker. He has already sold $16.4 billion worth of shares since then.
Twitter was the target of activist investor Elliott Management Corp in 2020, when the hedge fund argued its then-boss and co-founder, Jack Dorsey, was paying too little attention to Twitter while also running Square.
Musk and Dorsey have had some common ground in terms of dismissing the so-called Web3, a vague term for a utopian version of the internet that is decentralized.
Musk is also the founder and CEO of SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.
Dorsey resigned as Twitter CEO in November after 15 years at the helm.
He remains remains the CEO of Square Inc, the hugely successful financial payments company that he co-founded in 2010, and is the sixth largest shareholder in Twitter.