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Billionaire Carlos Slim Withdraws $22 Billion from Starlink Amid Elon Musk’s Controversial Remarks

March 11, 2025
in Green Technology
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The Significant Political Engagement ⁣of Elon Musk and Its Ramifications

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Get cleantechnica/” title=”Unlocking 'Real Zero': Your Path to Sustainable Success at Fortescue – CleanTechnica”>daily updates from CleanTechnica by signing up for our newsletter or follow us ‍on Google News!

Last‌ Updated: March ⁢11, 2025,⁢ at 02:40 AM

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An Unexpected Turn in Elon Musk’s Narrative

Recent events have unveiled a rather surprising ⁣narrative ​surrounding Tesla’s CEO, Elon Musk. I stumbled upon it yesterday through reader​ insights. ⁢This tale does touch upon Tesla⁣ and its ‌electric vehicle (EV) sales, albeit tangentially.

Over the⁤ past year, it’s been‌ hard to miss Musk’s increasing involvement ⁢in political issues across⁣ numerous ‍countries including Brazil, ‌the United Kingdom, Germany,‍ and notably the United States. Recently in ⁣the US context, he has initiated a‌ controversial venture dubbed the “Department of Government Efficiency” (DOGE). Although not recognized as an official government entity—as that requires congressional approval—this initiative appears to meddle across various government sectors. His actions ⁢have sparked significant controversy with many asserting they’ve​ been detrimental; however that’s‌ another discussion for later.

Political Affiliations and Controversial Claims

Musk’s political alliances seem to align with ‍former President Trump along with vocal critiques of Mexico and multiple media outlets such as The New York Times. In an eyebrow-raising assertion made earlier this January, he hinted that Mexican billionaire Carlos Slim had connections to drug trafficking organizations within Mexico.

!Elon Musk⁣ and Carlos Slim

This revelation raises questions about his motivations—many believe it’s driven by his propensity for disseminating conspiracy theories on platforms like X (formerly Twitter). He has a history of sharing sensational claims regardless of their veracity or consideration for consequences. ⁤His longstanding‌ contention with The New York ‌Times is likely influencing him; some initial ⁣negative press‍ about Tesla ⁢from them‌ dates back to 2012.

Reports convey that Slim possesses no editorial ⁤influence over The New York ​Times despite being its⁣ largest individual ⁣stakeholder ‌during pivotal financial events between ‌2008 and 2015 when he acquired most shares without‌ affecting content decisions:

  1. Ownership ‌History:

​ – Acquired shares during the financial downturn.
– Held approximately 17% ownership after exercising options but later reduced it to 8%, showcasing significant‌ profitability‍ as stock values soared from under $5 in​ 2009 to approximately $18.60 by 2017.

Investors may ⁢view Slim’s extensive background without ties to⁣ any criminal ‌enterprises unfavorably if unfounded allegations circulate‍ freely among high-profile ⁣individuals like Musk.

Corporate Fallout Following⁢ Controversial Allegations

In response to ‌these damaging insinuations regarding drug cartel associations—marked humorously by emoji reactions—Slim immediately pivoted ⁢away from spending planned⁣ investments totaling around $22 billion on Starlink⁢ technology provided by SpaceX. This drastic shift began just moments ‌after Musk’s accusation when Slim first retracted an order worth $7 billion ‍before pulling out ⁤entirely from future commitments.

The repercussions are⁢ notable;​ according to coverage by Monterey Daily Post:

“More ​than mere finances lost include dismissing a primary associate across twenty-five nations while conceding market⁣ space traditionally held against rivals.”

What’s disturbing is how such ‌conspiratorial rhetoric drives customers—and potentially significant transactions—away⁢ not only from SpaceX⁤ but also Tesla’s operations leading many potential buyers away quietly yet effectively⁢ through harmful rhetoric.

Evaluating⁤ Potential Impacts on Tesla Sales Moving Forward

The broader implication begs consideration: if indeed allegations ⁣adversely affected $22 ​billion worth of partnerships ‌in one fell swoop due largely due ‘conspiratorial’ comments flooding public discourse platforms what could‍ transpire regarding overall sales performance for Tesla?

The ​initial ⁤quarter retains ​indicators influenced heavily by production capacity adjustments alongside anticipation surrounding new Model Y releases—a more comprehensive analysis‌ thus relies upon second quarter results characterized typically seeing‍ spikes related around recently launched vehicles versus‍ community sentiment driven via competitive narratives executed publicly online through⁢ various musings originating directly attributed individuals named above .

Ultimately attention lies so much deeper yielding caution amidst⁢ internal company dynamics reported outcomes connected both presentable results delivered ahead throughout next fiscal period could align toward⁢ reputational ​damage stemming externally aboard mismanaged scrutiny longer-term ramifications loom overhead seen striking parallels occurring here exclusively tethered these underlying statements transgressively misconstrued aligning dangerously amongst constituents await further evaluations forthcoming shortly thereafter!


This article provides nuanced insights ⁣into recent tensions involving Elon Musk alongside ramifications impacting both corporate sectors including ⁤SpaceX plus lasting impressions left regarding competitor‌ landscapes involved shifting⁤ patterns associated here ⁣forthcoming strategies⁣ continuously adapting real-time scenarios unfolding globally addressing reported user engagement adopting key considerations tracking evolving sociopolitical trends ​seamlessly at play today magnified⁣ hence ‍reveal true ‌critical importance overcoming challenges facing forward incredibly constantly interactively laid bare ‌witnessed firsthand further encapsulated shared ⁢observations establishing engaging dialogue!

Tags: billionBillionaireBusiness NewsCancelsCarlosCarlos SlimCleanTechnicadueElonElon MuskFinanceinvestment withdrawalMusk'sOrdersOutburstslimspace industryStarlinktechnologytelecommunications

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