Elon Musk says he’ll stay on as Tesla CEO for at least five more years, while scaling back political donations. Despite falling sales, he’s confident in Tesla’s global strength and hinted at a future Starlink listing—though legal hurdles remain.
In politics, the Nationals have split from the Coalition, with some Liberals calling it a vital reset. Former PM John Howard wants unity, but a party review is underway to regain younger, urban voters.
Australia’s central bank cut rates to 3.85% as inflation eases, though weak spending and global risks remain. GDP rose 1.3%, showing signs of recovery.
And in Victoria, a $167 billion debt budget sparked outrage, with protests over job cuts and a controversial tax as net debt is set to hit $194 billion by 2027.
