We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” wrote JP Morgan analysts this week. They were describing the reputation crisis facing Tesla, one of the world’s leading electric vehicle manufacturers. The problem for Tesla is straightforward: their CEO, Elon Musk, has embraced hard-right politics. He has supported the neo-Nazi-friendly AfD party in Germany and even made a gesture that looked an awful lot like a Nazi salute at Donald Trump’s inauguration. (Nazis were certainly thrilled by it.) Musk has a leading role in a presidential administration that is waging war on the civil service and gutting climate and environmental policies.
National Politics
Catalan News: Former Catalan president Puigdemont held in police custody in Sardinia
Head of government during 2017 independence bid detained under warrant from Spain’s Supreme Court Read here
Climate Crisis
Unearthed: UK oil and gas emissions intensity rises to record high
After years of cutting emissions per barrel of oil extracted, UK drillers saw carbon intensity rise by 15% in 2021 Read here Cormorant Oil Field in the North Sea. Photo: Marten van Dijl / Greenpeace
Economics
Reuters: Europe’s Russian diesel imports spike in July
So much for the EU’s sanction offensive against Russia. How the EU is saving defeat from the jaws of victory. Read Here Photo: Jgera5 at English Wikipedia
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