Kayode Olorundare

Kayode Olorundare

Governor Aiyedatiwa of itOndo is expected to be declared as the winner of the 2024 gubernatorial election in Ondo. In the ruling expected on Wednesday the tribunal' judgment is being expected.

Monday, 20 January 2025 13:59

WHAT IS GOING ON BEHIND THE SCENE AT TESLA?

Elon Musk's abrupt dismissal of the Tesla Supercharger team left many wondering: what's going on behind the scenes? Please find out how this daring move could change Tesla's future and what it means for its ambitious expansion plans. Elon Musk's surprising decision to fire the entire Tesla Supercharger team was part of a larger cost-cutting plan, but still, it put one of the company's fastest-growing divisions on hold. The move had significant repercussions for stakeholders and customers who depend on Tesla's charging network and shook the company.

 

This story was published on May 21, 2024, just over a week after the termination. Rebecca Tinucci, the chief of the Supercharger department, was among the more than 500 workers who were let go. This abrupt shift put a snag in Tesla's expansion plans at a very important moment, bringing all new charging station installations to a grinding halt. It demonstrates just how difficult it can be for businesses to balance expansion with financial objectives. Elon Musk swiftly changed his mind after realizing that his choice might have been a little rash and brought certain members of the Supercharger team back on board.

 

 He understood how important they were to maintaining the health of Tesla's ecosystem. North American freight director Max de Zegher was one of those rehired. However, they have not disclosed the precise number of persons who were able to reclaim their positions, so we are left to speculate as to how much ground they have won in that area.

 

In addition to these personnel adjustments, Musk announced a substantial investment of $500 million to expand Tesla's network of Superchargers! This large expenditure demonstrates his continued commitment to expansion, even despite previous indications on his X profile that he was slowing it down. Musk is known for his ability to quickly adjust when conditions or market demands change. The team behind Tesla's Supercharger used their X account to express gratitude to suppliers and partners for sticking by them through this difficult time with project deadlines and payments.

 

 

Their analysis suggests that these unforeseen organizational upheavals may pose problems in collaborations and completing tasks. Elon Musk has experience with similar tactics; at Twitter, he implemented huge layoffs followed by rehires. Strangely enough, even though these kinds of decisions may appear chaotic within the organization, they originally helped Tesla's stock rise, demonstrating that investors still have faith in Musk's long-term strategy despite the short-term upheaval.

 

 

After all of this commotion, it's obvious that people from all other businesses are talking about Elon Musk's leadership style. His audacious actions frequently spark discussions about how businesses should be governed and operated in extremely fast-paced industries where technological innovation is the driving force. Anyone following Tesla's turbulent journey or interested in the workings of corporations under well-known executives like Elon Musk will find this story serves as another reminder of how quickly things can change depending on executive decisions and how important it is to stay informed to understand broader market trends and their implications for all of us.

Monday, 13 January 2025 15:44

THE TEN MOST POPULATED CITIES IN THE WORLD


The 10 most populous cities in the world. The population of Tokyo is 37,435,191. Delhi (29,399,141 people) Shanghai (26,317,104 people) Sao Paulo (21,846,507 people) The population of Mexico City is 21,671,908 The population of Cairo is 20,484,965. The population of Dhaka is 20,283,552. Mumbai (20,185,064) is home to The population of Beijing is 20,035,455. The population of Osaka is 19,222,665.

 

With over 38 million people living in its thriving metropolitan region, Tokyo will continue to hold the top spot in the world's population rankings in 2024.

 

The capital of Japan remains the world's most populous metropolis, according to 2024 statistics. One of the world's most densely populated areas is the Tokyo metropolitan region. With more than 38 million inhabitants, Tokyo is the biggest metropolis in the world. Osaka, another large Japanese city, is home to around 20.5 million people.

 

According to United Nations data, Chinese cities also dominate the top ten list. With 1.4 billion people living there, China has many cities with populations in the millions. London, which is far outside of the top 20 cities in the world, dwarfs the cities of Europe.

 

With populations of 25 and 22 million, respectively, Shanghai and Beijing, China and India, on the other hand, rank highly. Mumbai, which has a population of over 21.5 million, and Delhi, which has 27 million, are two other populated cities in these nations.

 

Large populations can also be found in Egypt's Cairo (almost 19.5 million), Argentina's Buenos Aires (nearly 15.5 million), and Mexico City (more than 21 million).

Friday, 10 January 2025 12:13

NIGERIA TO MAKE MORE FROM CRUDE OIL

Nigeria, the biggest producer of crude oil in Africa, has declared plans to boost its current output from 1.8 million barrels per day to three million barrels per day by 2025. The nation produced about 1.4 million barrels of oil in 2023, but this year's production reached 1.8 million due to persistent military action against oil theft, pipeline destruction, and the crackdown on illegal refineries.

Nigeria launched the second phase of Operation Delta Sanity II (OPDS II) in Port Harcourt on Monday in an attempt to meet its goal.

 

Speaking during the introduction, Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), stated that the Nigerian Navy had moved forward with the second phase of the OPDS since the first phase, which was introduced on January 10, had helped to enhance production figures. Nigeria produced just one million barrels of crude oil per day in August 2023. At the moment, the country produces roughly 1.8 million barrels per day. "We are certain that the second phase of the OPDS will be crucial in reaching our goal of three million barrels per day by 2025," Lokpobiri stated. He emphasized the Nigerian Navy's crucial role in maintaining security and said it would keep working with other security organizations to fight pipeline theft and oil theft.

 

Lokpobiri voiced alarm about the ongoing sabotage of the Trans Niger Pipeline despite these attempts. Criminals breaking into pipes to siphon crude oil continue to pose a serious threat to the Trans Niger Pipeline.

But, based on its achievements in 2024, the Nigerian Navy has promised to step up its efforts to safeguard these national assets," he said. By stressing the possibility of higher government revenue and better distributions to states and local governments, the Minister emphasized the wider ramifications of reducing oil theft. He urged traditional leaders, marine contractors, security agencies, and young people in the area to assist the Navy in its endeavors. Vice Adm. Emmanuel Ogalla, the Chief of Naval Staff, was upbeat about the likelihood of achieving the three million barrels per day production goal.

 

 

According to him, Operation Delta Sanity was created especially to combat maritime crimes such as pipeline damage and oil theft while maintaining a safe environment for lawful operations. The OPDS's first phase resulted in the dismantling of multiple illicit refining facilities in the Niger Delta and the arrest of multiple vessels and oil thieves. "Several oil companies reported 100 percent terminal factor, and these measures significantly improved legitimate maritime activities and increased crude oil production," Ogalla said. Ogalla clarified that despite these achievements, the navy recognized the need to improve the operation to attain even greater results.

 

 

Rejigging the mission entails deploying improved intelligence-gathering equipment, assault helicopters, armed drones, and recently obtained marine domain awareness infrastructure. As instructed by President Bola Tinubu, he continued, "We are also incorporating non-kinetic approaches and strengthening collaboration with relevant stakeholders to sustain and increase crude oil production beyond 2 million bpd." By 2025, Ogalla was confident that the OPDS II would further stabilize Niger Delta oil and gas operations.

 

 

The achievements of the first phase of the OPDS were detailed by Eastern Naval Command's Flag Officer Commanding, Rear Adm. Saheed Akinwande.

 

He stated that 215 people had been arrested, 468 illegal refineries had been destroyed, and around 6.5 million liters of stolen crude oil and seven million liters of contaminated diesel had been seized. Akinwande said, "Among other things, 26 vessels were captured, 1,107 dugout pits, 279 storage tanks, and 361 wooden boats were deactivated."

WHY PRESIDENT YA'ARADUA CANCELED THE SALE OF PORT HARCOUT REFINERY TO DANGOTE Written by Femi Falana The National Council on Privatization (NCP), which is tasked with supervising the privatization and commercialization of state businesses, is chaired by the vice president by the Privatization and Commercialization Act. Vice President Atiku Abubakar was sidelined by President Olusegun Obasanjo, who took over the privatization of several state companies in flagrant violation of the Act. For US$561 million, President Obasanjo sold Bluestar Oil a 51 percent share in the Port Harcourt refinery on May 17, 2007.

 

Another transaction occurred on May 28, 2007, when President Obasanjo sold 51% of the Kaduna Refinery to Bluestar Oil for $160 million. Bluestar Oil was a group of three domestic companies, including Dangote Oil, Zenon Oil, and Transcop. Before the transaction, President Obasanjo had obtained large shares of Transcorp through "blind trust." Since the sales were completed in the final days of the Obasanjo Administration, many interest groups in the nation questioned their legality and morality.

 

On the grounds of conflict of interest and lack of due process, the two influential trade unions in the oil sector, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG), opposed the privatization of the two refineries.

 

Additionally, they claimed that the country had been underpaid because the $516 million shares in the Port Harcourt refinery were worth $5 billion. Both unions went on a 4-day strike in June 2007 that nearly shut down the Nigerian economy because they believed the agreements were not in the country's best interests. The federal government's promise that the transactions would be thoroughly examined led to the cancellation of the strike.

 

 

Following the federal government's investigation, President Umaru Yar'adua canceled the alleged privatization of the refineries at Port Harcourt and Kaduna. The cancelation of the privatization was carried out in violation of both the letter and the spirit of the Privatization and Commercialization Act, and as a result, it was not challenged in any court.

In response to the increasing push for the privatization of the country's refineries, the Alliance on Surviving COVID and Beyond (ASCAB) officially urges NUPENG and PENGASSAN to step up their long-standing fight. It is recommended that those who are waiting for the refineries to be privatized in a way that is contrary to the interests of the country establish their refineries, similar to the Dangote Group. SAN Femi Falana,

Tuesday, 07 January 2025 11:58

TRUDEAU RESIGNS

On Monday, Justin Trudeau, the prime minister of Canada, announced his resignation. After months of declining polls and internal strife, he declared that he would step down as soon as the ruling Liberal Party selected a new leader. After the party chooses its next leader, I plan to step down as prime minister and party leader," Trudeau, who has held the position since 2015, told reporters in Ottawa. This comes after a lengthy political crisis during which prominent Liberal supporters urged him to resign. The duration of Trudeau's tenure as a caretaker premier was not immediately apparent.

 

How I became a tarot therapist and Shalom Dogoh spiritualist after my experience with a pastor "A robust, nationwide competitive process" is how he described the Liberal leadership contest. As a result, Trudeau will remain in charge of Canada when Donald Trump, the incoming US president, assumes office this month. Trump will spearhead Canada's initial reaction to the new US government, which may include a trade war.

 

The Canadian economy might be severely damaged by Trump's promise to levy 25% tariffs on all imports, and Trudeau has threatened to retaliate. Trudeau, aged 53, was not a prominent political figure before assuming control of the Liberal Party in 2013. The fact that his father, Pierre Elliott Trudeau, had served as one of Canada's most well-known prime ministers was perhaps his most notable political characteristic at the time. However, Trudeau's youthful enthusiasm and familiarity with topics that Canadians were becoming more interested in, such as climate change, enabled him to defeat Stephen Harper, a long-serving Conservative prime minister, in the 2015 elections.

 

 

Last year, Trudeau's standing inside the Liberal Party started to wane after more than nine years in office. After his former deputy prime minister and finance minister, Chrystia Freeland, abruptly resigned in December, it fell to unprecedented heights. In a bitter resignation letter, Freeland charged that rather than stabilizing Canada's finances in front of Trump's anticipated tariffs, Trudeau was concentrating on political ploys to win over voters, such as a pricey Christmas tax holiday. The opposition Conservatives are leading Trudeau's Liberals in the polls.

 

 

He acknowledged on Monday that he wasn't the most qualified person to guide the Liberals into this year's mandatory election. "This nation deserves a genuine choice in the upcoming election, and I've realized that I can't be the best candidate if I'm fighting internal conflicts." Canadian media have suggested Freeland and former Bank of England governor Mark Carney, a Canadian who also managed the Bank of Canada, as potential candidates to lead the Liberal Party.

Many more are anticipated to enter the race. According to Dalhousie University political science professor Lori Turnbull, a Liberal leadership contest typically takes four to six months, but this time "they've got to be quicker than that." Pierre Poilievre, the head of the Conservative party, said he was prepared to face anybody the Liberals nominated. After Trudeau's announcement, he wrote on X, "Every Liberal MP and Leadership contender supported EVERYTHING Trudeau did for 9 years, and now they want to trick voters by swapping in another Liberal face to keep ripping off Canadians for another 4 years."

 

 

Late last year, the Conservatives introduced three non-confidence votes in parliament, which Trudeau's administration barely avoided. A pact with the left-wing New Democratic Party had kept his minority government afloat, but in December, the NDP declared that they would vote to remove Trudeau as soon as possible. Trudeau affirmed that the governor-general of Canada had given him the go-ahead to halt all legislative proceedings until March 24. That might limit the opposition's ability to introduce a vote of non-confidence while giving the Liberals more time to select a new leader.

Nigeria is being held hostage by a small group of Northerners; it's time to wake up, says Fapohunda.

Dr. Akin Fapohunda, the secretary of the Eminent Elders Forum, has charged that a small group of northern elites have been keeping Nigeria hostage for more than 40 years due to tribalism and self-interest. When discussing the northern opposition to President Bola Tinubu's proposed tax reform proposals on Sunday on Arise News, Fapohunda argued that the north has been playing a game for too long and that it is time to call their bluff. He claims that although southern Nigerians have been lax in their demands, the North has imposed policies like the federal character and quota system on the southern region.

 

 

“It is time for Nigeria to wake up and realize that the interests of the South and the North are not in an alliance.” Speaking specifically about the Tax Reform Bills, the Secretary of the Eminent Elders Forum believed that the proposals could never work because Nigeria is not a unified country and “cannot be unified at all” by a unitary tax system. Fapohuna claimed that such policies have favored the North over the South and that only a few elite people in the North are benefiting from the federal policies at the expense of other citizens of the nation.

 

"The North can shout Northern interest at the flip of a switch," he remarked. Southerners are easygoing and hope that we are civilized enough to avoid discussing tribalism. We are arrogant about this issue, and tribalism is at work. Look, the North has been playing us for far too long; for more than 40 years, they have imposed federal character on Nigeria. For more than 40 years, they imposed a quota system on Nigeria. Has it been advantageous to them? The only group keeping the entire nation hostage is the small clique in the North. Nigeria has had enough time to realize that the North and South are not together.

 

The few elites in the North are now speaking as though a feeding bottle were going to be taken away from them. They are shouting and doing just that. They have now established a league called the League of Northern Democrats. During his speech, the governor of Bauchi stated that they would not be able to pay salaries in the future. Look, with this mindset, the North has seriously harmed Nigeria. Which Nigerians are currently japanning? They're from the South. In the 1950s and 1960s, the South made significant investments in education. Nigeria has now forced the products out of the country. Is there a Fulani man who does engineering or medicine in New York or London?

 

 

The Yorubas, Igbos, and Southerners are the ones who are marginalized. It is time to confront the North's bluff, not because we agree with Tinubu's actions, but because we need to talk about Nigeria. Nigeria is not—we are pretentious. Let's get down to business. That is why we are calling for regionalization; the North and South are distinct unless we are fooling ourselves.

Nigerians will not be united over this tax issue. If we give the North more VAT, for what purpose? They have had a federal character for forty years; what have they done with it? They have a quota for forty years; what have they done with it? They are simply being spoiled; they do not want to face the fact that they are not performing, and when you compromise, you kill the South. We should be tired of carrying the North along, honestly. Someone has to call their bluff. There is no other option than for the South to call the North's bluff," he continued.

 

 

Fapohunda advised President Tinubu to concentrate his efforts on other worthwhile projects, claiming that pursuing the contentious tax revisions is pointless while other problems go unsolved. He asserts that the policy that may propel Nigeria to greatness is not tax reform. "The president is not concentrating in the proper direction," he stated. One thing and only one thing: inheritance tax. Sharia is viewed differently in the North. The customs of the South-West are distinct. The East takes a distinct tack. Isn't it a dead end to try to implement a unitary tax system when everyone has a different way of living?

 

Regarding that, I won't truly support President Tinubu's efforts based just on the account. To tell the truth, President Tinubu is preoccupied with this tax issue. That will be his administration's catchphrase. What would happen if the tax plan was approved during the next three, four, or five months? On the tax package, Mr. President is risking his political savvy and image, but he is omitting to discuss several problems that he should have encountered. The civil service is in ruins. Civil workers are not functioning naturally with the government; they are merely trying to find a way to make ends meet. According to Orasanye, the president promised to complete it in twelve weeks.

 

What has happened to the N500 billion agricultural project that the president proposed in 2023? He didn't put it into practice. We now have a ministry dedicated to cattle. I am aware that they are now searching for offices in Abuja. When will the livestock ministry deliver the first cow to us? Therefore, in general, Nigeria should not be concentrating on tax obligations at this time. More significant basic adjustments are in place. We do not want the tax measure to be a reform. We must restructure the nation so that we may all coexist peacefully as neighbors. There is no denying that we are different. From now till eternity, we can ignore it.

The price of gasoline may go below ₦500 per litter.   Industry analysts forecast that the price of Premium Motor Spirit (PMS), commonly referred to as gasoline, will drop significantly in 2025, possibly falling below ₦500 per liter. Currently, gas prices at different gas stations range from ₦900 to ₦950 per liter. A strong downstream industry propelled by the Federal Government's deregulation program, steady foreign currency rates, and expanded domestic refining capacity is responsible for the expected price decline.

 

Important Elements Promoting Price Cuts Enhanced Capacity for Local Refining: It is anticipated that the opening of the Port Harcourt and Warri refineries as well as the Dangote Refinery will increase domestic output and lessen reliance on imports. Seven million gallons of gasoline are presently injected into the domestic market every day by the Dangote Refinery. 1.4 million liters of gasoline are produced daily at the Port Harcourt Refinery, which started operations over a month ago. The primary products of the 60%-capacity Warri Refinery are naphtha, diesel, and kerosene.

 

Deregulation of the Downstream Sector: As a result of increased producer competitiveness brought about by the deregulation program, prices have decreased. According to industry experts who talked to Saturday Sun, the cost of gasoline, which is currently between ₦900 and ₦950 in many gas stations, might drop even more throughout the year to as low as ₦500 per liter. In an interview with Saturday Sun, Ukadike Chinedu, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that the arrival of several competitors is already encouraging healthy pricing competition.

 

He pointed out that it is anticipated that the Federal Government's policy of selling crude oil to refineries in return for naira payments will lower inflation and lessen strains on foreign exchange.   Chinedu cited the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery's and other key companies' fuel price reductions as proof of the advantages of having a variety of production sources. Modular refineries that currently solely generate diesel are planning to expand their operations to include gasoline refining as a result of better market conditions. Nigeria has 25 licensed modular refineries, five of which are operational at the moment.

 

As you can see, NNPC has lowered its ex-depot price for marketers from ₦1, 045 per liter to ₦899 per liter, which translates to ₦925 per liter for end customers at the pumps, he stated. I have to say that this is admirable. Massive drops from ₦1, 045 to ₦899 ex-depot are a lot of drops, but these are not little ones. However, he said that the Dangote refinery also lowered the ex-depot price from ₦970 to ₦899.50 per liter. He noted that as long as petroleum products are consistently available, competition will grow and prices will continue to decline in the coming year.

 

In his opinion, Iche Idoko, the Publicity Secretary of the Crude Oil Refiners Association of Nigeria (CORAN), stated that Nigerians will progressively start to see the benefits, which is common in a deregulated market. "One of the features of deregulation that we had emphasized is the reduction in prices," he stated. There will inevitably be rivalry amongst firms as the industry adjusts to the complete deregulation environment, which will eventually benefit the customers. Prices, product quality, and credit lines for large purchasers will be the main areas of rivalry, he said.

Wednesday, 04 December 2024 11:23

MANY COUNTRIES WANT TO BUY THE IRON DOME

Following the iron dome's success in the ongoing confrontation between Israel and Hamas and Hezbollah, Rafael, an Israeli defense corporation, has received orders totaling billions of dollars for the structure.

 

Israel-Iran war: The Israeli military company Rafael, which produces the Iron Dome air defense system, has received orders for the next four years, which is good news for Israel and its defense industry. The Israeli corporation has received orders totaling approximately US $15.8 billion as a result of the ongoing conflict between Iran and Israel. The Navbharat Times reported that the company's profits were far higher than they were the previous year.

Wednesday, 04 December 2024 11:15

THE MERITS OF THE TAX REFORM BILL

Nigerians are debating President Bola Ahmed Tinubu's proposed tax reform proposals in great detail. Many people are still ignorant of the benefits that these reforms can offer to the vast majority of Nigerians, despite the conflicts between supporters and opponents. Here is all you need to know, broken down into simple terms, from lowering taxes for small businesses to relieving the financial strain on low-income individuals. What's the commotion about? Four tax-related measures were forwarded to the National Assembly by President Tinubu. They are:

 

Nigeria Tax Administration Bill Nigeria Tax Bill Establishment Bill for the Nigeria Revenue Service and Joint Revenue Board. These proposals aim to update Nigeria's antiquated tax rules, but they have also sparked debate among governors and regional leaders over fairness and revenue distribution. The good news is that the Tinubu Tax Reforms are intended to help ordinary Nigerians, tiny enterprises, and the impoverished.

 

These benefits include low-income earners' income tax relief. You would save N84,000 a year if your annual income is N800,000 or less because you won't have to pay income tax.

 

2. A higher threshold for the highest possible tax rates Unlike the present threshold of N3.2 million, only individuals earning over N50 million will be subject to a 25 percent income tax rate.

3. Tax Exemptions for Small Businesses Income tax would no longer be paid by companies with turnovers under N50 million, up from the previous level of N25 million.

4. Lower Corporate Income Tax Rates  By 2026, corporation taxes for medium-sized and big businesses will be reduced from 30% to 25%.

5. Removing the "Minimum Tax" The statutory 1% gross earnings tax will no longer apply to businesses that do not report profits.

6. Less Work for Large Companies  The existing 3.75% in additional taxes is replaced with a new 2% development charge, which would directly support student loans starting in 2030.

7. VAT modifications While the federal government's portion of VAT revenue decreases from 15% to 10%, the sharing formula states will now receive 55% of the money, up from 50%

8. Progressive VAT Increase VAT rates will rise gradually from 7.5% today to 15% by 2030—but basic necessities like food and medicine remain exempt.

9. Affordable Food and Essentials No VAT will be charged on food items, electricity, school fees, or medical services, ensuring prices stay low for the poor.

10. Incentives for Gas Investment  Both related and unrelated gas projects are encouraged to increase the energy supply by tax advantages. Revolutionizing Tax Administration. The Nigeria Tax Administration Bill offers fresh approaches to guarantee justice and compliance.

11. Apprehending Tax Avoiders Bank records are used to identify high spenders for tax audits (individuals spend N25 million per month, organizations spend N100 million).

12. Flexibility in Payment It is now possible to pay taxes assessed in foreign currencies in Naira using the official exchange rates.

13. Simplified Groupings To free up regulatory authorities to concentrate on monitoring, the Nigeria Revenue        Service (NRS) would assume tax-collecting responsibilities from organizations like Customs.

14.    Guarantees of Tax Refunds  To guarantee on-time payments, cash for confirmed tax refunds will be subtracted from collections. Simplifying taxes and empowering local governments.  Equally revolutionary is the Joint Revenue Board Establishment Bill:

15. Local Revenue Committees To increase efficiency, LGAs will oversee taxes, penalties, and rates within their domains.

16. Harmonized Penalties and Offenses To increase compliance across the country, tax rules will now have consistent penalties.

17. Settlement of Conflicts Disputes, including those involving residency for tax reasons, will be resolved by a Tax Appeal Tribunal.

 

18. Advocacy for Taxpayers If tax officials treat residents unfairly, a Tax Ombudsman Office will assist them in seeking justice. The Significance of This Tinubu's reforms' proponents contend that they are pro-efficiency, pro-growth, and pro-poor.

 

These proposals seek to lessen Nigeria's reliance on oil revenue while promoting a more equitable and inclusive tax system by providing exemptions for small enterprises and low-income individuals as well as incentives for local economic activity. What comes next? The proposals are now awaiting public hearings after passing the Senate's Second Reading. Despite the ongoing discussion, experts concur that these reforms have the potential to improve the lives of millions of Nigerians and change the country's tax structure if properly executed.

For two hours and forty-five minutes, Rogan sat with the Tesla billionaire and engaged in a broad discussion. The Tesla CEO makes the case for Trump to Rogan throughout the episode, and Rogan seems to be mesmerized by Musk's straightforward justifications. Musk declared, "This is the last election if Trump doesn't win." "I believe you're correct," Rogan responds right away. "I think a lot of people who have been Democrats their entire lives are waking up and realizing that," Rogan adds.

Rogan

When Musk was seen on camera taking a marijuana and tobacco joint from Joe Rogan and taking a hesitant blow while talking about Tesla's ambitions for an airplane, the stock of the company briefly fell. Due to 'one puff' in September 2018, the richest man in the world was under official scrutiny. After smoking marijuana in public on the Joe Rogan Show, it was later revealed that he had to demonstrate to the US federal government that he was not a drug addict.

 

One of the wealthiest and most powerful men in the world was caught on tape doing narcotics, and the footage swiftly went viral. Even though the medication is legal in California, where the incident occurred, Musk's single puff reduced Tesla's value by billions of dollars, with shares dropping more than 9%. Soon after, Musk had to tell the public and investors that he wasn't "on weed."

BW Social Share

Search