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Elon Musk’s 2024 is already terrible

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Just 72 hours into the new year, Elon Musk, the renowned entrepreneur and CEO of Tesla and SpaceX, finds himself facing an unexpectedly turbulent start to 2024.

Known for his ambitious ventures and bold statements, Musk’s year took an early hit, leaving many wondering what’s in store for the tech mogul.

The troubles began when SpaceX’s latest Starship prototype, intended for a crucial test flight, experienced a dramatic explosion during pre-launch preparations.

This setback not only delayed the highly anticipated mission but also raised concerns about the feasibility of Musk’s plans for interplanetary travel. SpaceX engineers are now working around the clock to assess the damage and determine the cause of the explosion.

Meanwhile, Tesla, Musk’s electric vehicle company, faced its own share of challenges as it encountered supply chain disruptions that led to production delays and increased costs.

The ripple effects of these issues could potentially impact the company’s ability to meet its aggressive production targets and maintain its competitive edge in the rapidly evolving automotive market.

As Elon Musk navigates these early setbacks, the world watches with bated breath, wondering whether this year will see him conquer new frontiers or if it will prove to be a more challenging journey than he anticipated.

Will Musk’s unyielding determination and innovative spirit be enough to overcome these hurdles, or is he in for a year of unexpected twists and turns?

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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