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.
Corruption
Politico: Consultants showered EU antitrust enforcers with free flights and hotels
The EU is corrupt to the core. Read HERE
EU politics
Reuters: Bayer says Monsanto likely kept files on influential people across Europe
Do not think that Monsanto is the exception. This is the rule for firms that produce controversial products. Read here
Climate Crisis
Wolfgang Munchau – What Greens should focus on
Why co-opting industry into the Green agenda is a mistake. Read here
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