L'intérêt à découvert pour STKd 100% Bitcoin & 100% Gold ETF donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de STKd 100% Bitcoin & 100% Gold ETF. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

STKd 100% Bitcoin & 100% Gold ETF (NASDAQ:BTGD), Rapport sur les intérêts à découvert

The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing via U.S.-listed futures contracts as well as pooled investment vehicles, such as exchange-traded products, in two complementary asset classes, a modern digital asset class and a traditional asset class. Although ETPs may be referred to as ETFs or funds, ETPs are not registered under the 1940 Act and therefore are not subject to 1940 Act protections. Bitcoin and gold are often viewed as complementary asset classes due to their differing characteristics and benefits. Gold is a traditional store of value, recognized for its stability and use as a hedge against inflation and economic uncertainty. Bitcoin, as a digital asset, offers high growth potential and diversification benefits, especially in the context of technological innovation and financial decentralization. While gold provides security and risk mitigation, bitcoin adds potential for capital appreciation and exposure to digital asset markets, making them complementary in balancing risk and reward in a diversified portfolio.

STKD Bitcoin & Gold ETF​

STKd 100% Bitcoin & 100% Gold ETF

Despite President Donald Trump&#8216;s persistent criticism, Federal Reserve Chairman Jerome Powell is not rushing to cut interest rates.
What Happened: Trump has been outspoken on social media, referring to Powell as <a href="https://benzinga.com/25/04/44941184/roubini-trump-wants-a-rate-cutbut-powells-restraint-is-the-only-thing-saving-him-from-a-market-meltdown">&#8220;Mr Too Late&#8221;</a> and &#8220;a major loser&#8221; for what he sees as a reluctance to ease policy. However, the Fed Chair doesn&#8217;t seem to be in a hurry to cut rates despite the President&#8217;s bashing primarily due to three reasons.
Firstly, the president&#8217;s demands stand in sharp contrast to the Fed&#8217;s &#8220;data-driven&#8221; approach. Powell and other Fed officials believe that the current inflation rate — above their preferred 2% target — along with a strong job market, does not justify a rate cut. They emphasized the need to be &#8220;patient&#8221; before making that decision. San Francisco Fed President Mary Daly echoed Powell&#8217;s sentiments, noting that the risks to inflation are &#8220;higher than they were a year ago,&#8221; potentially requiring policy to remain tighter for a longer period, reported Reuters.
Secondly, the Fed is an independent body. Powell recently emphasized that the Fed&#8217;s independence is safeguarded by law, citing a 1930s court decision and Congress&#8217;s constitutional power to &#8220;coin money,&#8221; a responsibility that has been delegated to the Fed. &#8220;Our independence is a matter of law,&#8221; stated the Fed Chair at the Economic Club of Chicago.
Thirdly, the Federal Reserve Act of 1913 states that Fed Board members can only be removed for &#8220;cause,&#8221; which is generally understood to mean misconduct, not policy disagreements, according to Reuters.
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/04/44920880/expert-flags-never-before-observed-trio-falling-stocks-and-short-yields-bucking-rising-long-yields-nothing-is-nor" target="_blank" rel="noreferrer noopener">Wall Street Veteran Sounds Alarm On &#8216;Never Before&#8217; Seen Market Trio: Falling Stocks, Surging Long Yields, Sinking Short Rates</a>
Why It Matters: Trump&#8217;s pressure on the Fed has been a recurring theme. Although on Tuesday, he told reporters that he had &#8220;<a href="https://www.benzinga.com/25/04/44940900/us-futures-dollar-jump-amid-trumps-latest-comments-on-fed-nikkei-rebounds-to-three-week-high">no intention</a>&#8221; of firing Powell, despite his criticisms, Trump continues his calls for a rate cut. His comments have sparked concerns among market watchers. Sen. Elizabeth Warren (D-Mass.) warned that if Trump illegally fires Powell, it could &#8220;<a href="https://www.benzinga.com/news/25/04/44935195/elizabeth-warren-says-if-trump-illegally-fires-fed-chair-powell-hell-crash-our-markets-cause-more-economic-pain-to-american-families">crash our markets</a>.&#8221;
Moreover, CNBC commentator Jim Cramer opined that investors &#8220;<a href="https://www.benzinga.com/government/regulations/25/04/44918830/jim-cramer-takes-a-dig-at-trumps-criticism-of-powell-you-would-actually-buy-this-rally-if-trump-hadnt-criticized-the-fed-chair">would actually buy this rally</a>&#8221; if Trump did not criticize Powell for "being prudent about rates." The ongoing tension between the President and the Fed Chair continues to influence market sentiment and the future of monetary policy remains uncertain.
SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) declined 6.5% over the past month, while Invesco QQQ Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NYSE">QQQ</a>) slumped over 9% during the same period. 
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/04/44915713/charlie-munger-once-said-he-could-go-on-and-on-listing-why-he-wont-want-donald-trump-in-the-oval-office" target="_blank" rel="noreferrer noopener">Charlie Munger Once Predicted That Trump Could Be &#8216;Quite Decisive&#8217; But Still Didn&#8217;t Want Him To Be President: Here&#8217;s Why</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Markets

Fed's Jerome Powell Isn't Budging On Rate Cut Despite Trump's Bashing And Pressure — Here's Why

Former Treasury Secretary&nbsp;Larry Summers has expressed concern that President&nbsp;Donald Trump&#8216;s cuts to the Internal Revenue Service (IRS) could lead to a loss of $1 trillion for the government.
What Happened: Summers expressed his worries when he appeared <a href="https://www.bloomberg.com/news/articles/2025-04-22/summers-says-attack-on-irs-may-risk-a-1-trillion-revenue-hit">on</a> Wall Street Week on Bloomberg Television. He predicted that the government might suffer a large loss over the course of the next ten years as a result of Trump&#8217;s &#8220;attack&#8221; on the IRS as part of his ambitious cost-cutting plan.
Trump&#8217;s budget cuts include a 75% cut to the IRS&#8217;s Office of Civil Rights and Compliance, which handles accusations of discrimination against taxpayers. Since Trump took office, the IRS has also had several leadership changes, including five different acting commissioners since January.
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/04/44888845/irs-leadership-shakeup-following-clash-with-elon-musk">IRS Leadership Shakeup Following Clash With Elon Musk</a>
Why It Matters: Summers, who worked in the administration of former President Bill Clinton, called Trump&#8217;s strategy &#8220;raw incompetence,&#8221; putting the foundation of the tax system at risk.
Significant changes have been occurring at the IRS throughout the Trump administration. Commerce Secretary Howard Lutnick reaffirmed Trump&#8217;s call to <a href="https://www.benzinga.com/markets/25/02/43840909/trumps-goal-is-to-abolish-irs-and-let-all-the-outsiders-pay-says-newly-confirmed-commerce-secretary-howard-lutnick">abolish the IRS in February</a>.
The IRS anticipates a $500 billion revenue deficit as a result of workforce <a href="https://www.benzinga.com/markets/25/03/44469111/irs-anticipates-over-500b-revenue-shortfall-while-treasury-stares-at-potential-cash-crunch-without-debt-ceiling-increase-report">reductions and payment avoidance</a>.
In April, Trump reversed the appointment of the IRS interim head, reportedly influenced by Tesla Inc. CEO Elon Musk, <a href="https://www.benzinga.com/25/04/44888301/trump-reverses-elon-musk-influenced-irs-interim-head-appointment-following-scott-bessents-objection-report">following objections</a> from Treasury Secretary Scott Bessent. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/04/44829763/trump-to-reportedly-appoint-hunter-biden-whisteblower-gary-shapley-as-acting-irs-commissioner-hell-be-a-great-asset">Trump To Reportedly Appoint Hunter Biden Whistleblower Gary Shapley As Acting IRS Commissioner: &#8216;He&#8217;ll Be A Great Asset&#8217;</a></li>
</ul>
Image Via Shutterstock

Government

Regulations

Politics

Economics

Larry Summers Warns Trump's IRS Cuts Could Cost Americans $1 Trillion Over 10 Years, Calls Strategy 'Raw Incompetence'

Earnings

AMTB

ASGN

BANC

BPOP

BRKL

BWFG

CACI

CBAN

CHDN

CHKP

COOP

CSLR

CVLG

New Oriental Education & Technology Group

EGBN

EPRT

GATX

GLPG

GSHD

HBNC

HCSG

IMAX

INBK

KALU

KREF

LRCX

MTDR

ODFL

ORLY

OSBC

OTIS

PLXS

PTEN

SEIC

Earnings Scheduled For April 23, 2025

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) revealed that the company deployed more than double the energy storage products in Q1 2025.
What Happened: In a post on social media platform X on Tuesday, the EV giant showcased a graph that illustrated the company's deployment of energy products over the last seven years.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In Q1 we deployed more than double the energy storage products compared to Q1 2024 4.05 GWh Q1 2024 → 10.4 GWh Q1 2025 <a href="https://t.co/aV3z29oyj8">pic.twitter.com/aV3z29oyj8</a>
&mdash; Tesla Energy (@teslaenergy) <a href="https://twitter.com/teslaenergy/status/1914783020659192101?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The company says it deployed over 10.4 GWh worth of energy storage products in Q1 2025, compared to the 4.05 GWh it deployed at the same time last quarter, a 156% year-over-year increase. Tesla's energy storage products include Powerwall, Solar Roofs and the Megapack.
Why It Matters: The update comes in as Tesla wrapped up its earnings call, looking back on a difficult quarter marred by a <a href="https://www.benzinga.com/25/04/44802015/us-electric-vehicle-sales-up-11-in-q1-as-tesla-declines-the-winners-and-losers">decline in sales figures</a>. Elon Musk shared how the company has affordable models in the pipeline this year as well as updates on the <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">Optimus humanoid robots</a>.
Musk also said that he would be <a href="https://www.benzinga.com/25/04/44940401/elon-musk-says-hell-only-spend-day-or-two-per-week-on-government-matters-to-ensure-fraud-does-not-come-roaring-back-ceos-focus-to-shift-to-tesla-beginning-may">scaling back on his commitment </a>to the Department of Government Efficiency and focusing more on Tesla, which <a href="https://www.benzinga.com/markets/equities/25/04/44941183/dan-ives-calls-elon-musks-tesla-recommitment-most-important-call-hes-ever-had-as-ceo-scales-back-doge-role">experts suggest</a> was the right move on the billionaire's part.
However, Tesla Bull <a href="https://www.benzinga.com/markets/25/04/44941889/teslas-sweet-little-lies-hide-worst-performance-ever-elon-musks-robot-takeover-talk-is-just-a-smokescreen-says-ross-gerber">Ross Gerber remained skeptical</a> following the earnings call as he shared how this was the ‘worst performance' he's seen from the company. It's worth noting that Tesla profits have fallen by over 71% year-over-year.
Price Action: TSLA stock experienced a 37.26% decline in value and is currently trading at $237.97 on NASDAQ, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/44941657/elon-musk-equates-car-ownership-in-future-to-riding-a-horse-while-using-a-flip-phone-pierre-ferragu-says-teslas-iphone-moment-hinges-on-full-autonomy">Elon Musk Equates Car Ownership In Future To Riding A Horse While Using A Flip Phone — Pierre Ferragu Says Tesla&#8217;s &#8216;iPhone Moment&#8217; Hinges On Full Autonomy</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

Tech

General

TSLA

Tesla Energy Deployments More Than Double In Q1, Reach 10.4 GWh

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy once thought it &#8220;unfathomable&#8221; that his father worked at the same company for 45 years. In his 2024 annual letter to shareholders, Jassy admitted he once told friends, &#8220;That would never be me.&#8221;
What Happened: Yet almost 28 years later, Jassy remains at Amazon, where he succeeded founder Jeff Bezos as CEO in 2021.
&#8220;I&#8217;m obviously a Superfan,&#8221; Jassy wrote, explaining his longevity at the tech giant. &#8220;I&#8217;m not sure that any company prioritizes customers as relentlessly as we do. Lots of companies say they will; few follow through.&#8221;
Jassy cited three additional factors behind his commitment: the ability to make a significant global impact, Amazon&#8217;s willingness to make substantial long-term investments in both innovations and people, and his colleagues&#8217; exceptional qualities.
&#8220;I&#8217;ve never encountered a more intelligent, creative, ambitious, hungry, hard-working, and missionary group of teammates than we have at Amazon,&#8221; he wrote.
See Also: <a href="https://www.benzinga.com/personal-finance/25/04/44939515/charlie-munger-was-asked-if-disney-was-still-a-good-investment-they-once-owned-the-world-now-its-a-bloodbath-welcome-to-human-life">Charlie Munger Was Asked If Disney Was Still a Good Investment: &#8216;They Once Owned the World, Now It&#8217;s a Bloodbath — Welcome to Human Life&#8217;</a>
Why It Matters: In his letter, Jassy emphasized Amazon&#8217;s &#8220;Why Culture&#8221; as fundamental to the company&#8217;s success, describing how constantly questioning established norms drives innovation.
This approach has helped Amazon transform from an online bookstore into a global technology and <a href="https://www.benzinga.com/content/44883234/3-reasons-to-like-the-look-of-amazon-ahead-of-earnings">retail powerhouse with $638 billion in 2024 revenue</a>.
Amazon reported 11% year-over-year <a href="https://www.benzinga.com/quote/AMZN/earnings">growth in 2024</a>, with operating income improving 86% to $68.6 billion, representing a 10.8% operating margin.
Jassy concluded that Amazon operates like &#8220;the world&#8217;s largest startup&#8221; by prioritizing customers, hiring builders and owners, emphasizing speed, eliminating bureaucracy, and being willing to take calculated risks.
Since taking over from Bezos in July 2021, Amazon&#8217;s stock has dropped 6.8% from $186 to $173.18 as of Wednesday, while the S&amp;P 500 Index has increased 21% from 4369 to 5287.76 within the same time frame.
Jassy took over as Amazon CEO in July 2021. Since then, AMZN stock has dropped 6.8%, from $186 to $173.18 as of Wednesday. Meanwhile, the S&amp;P 500 Index has risen by 21%, from 4,369 to 5,287.76 over the same period.
Read Next: 
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<li><a href="https://www.benzinga.com/personal-finance/25/04/44940178/warren-buffett-says-millions-are-trapped-living-an-american-nightmare-but-proposes-a-tool-far-mo">Warren Buffett Says Millions Are Trapped Living An &#8216;American Nightmare&#8217; — But Proposes A Tool &#8216;Far More Useful&#8217; Than Raising Minimum Wage</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Markus Mainka / Shutterstock.com

Equities

AMZN

Amazon CEO Jassy Reveals What's Kept Him At The Tech Giant For Nearly 3 Decade: Here's How AMZN Stock Has Done Since He Replaced Bezos

FICO

FICO And Dacadoo Have Partnered To Enhance The Way Insurance Companies Can Assess And Manage Risk, Promote Health/Wellness, And Improve Customer Engagement

CLVT

Clarivate Announced The Launch Of DRG Commercial Analytics 360, A Solution Designed To Empower Medtech Companies With Advanced Insights To Drive Commercial Performance

Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) energy division stood out as the lone bright spot in an otherwise challenging first quarter, though the company's CFO, Vaibhav Taneja, warned that the segment may face significant headwinds in the quarters ahead, owing to the tariffs imposed on China.
What Happened: During Tuesday's first-quarter earnings report, Tesla's energy and storage segment posted $2.7 billion in revenue, marking a 67% increase from the same period last year. Gross profit for the segment rose 82% year-over-year to $690 million, a rare bright spot in a quarter where overall company profits plunged 71%.
The segment, which makes battery packs for energy storage, aimed at residences, commercial applications, as well as utilities, saw 10.4 GWh of deployments during the quarter, up 156% year-over-year. 
The segment&#8217;s gross margins at 29% helped boost the company&#8217;s margins to 16.3%, ahead of consensus estimates of 15.8%.
See More: <a href="https://www.benzinga.com/25/04/44942792/tesla-q1-earnings-call-company-says-more-affordable-models-launching-this-year">Tesla Says More Affordable Models Launching This Year: &#8216;They Will Be Affordable And You&#8217;ll Be Able To Buy One&#8217;</a>
However, Taneja said during the call that the segment faces substantial headwinds owing to the tariffs. &#8220;The impact of tariffs on the energy business will be outsized since we source LFP battery cells from China,&#8221; he said.
According to Taneja, the company is in the process of commissioning equipment for local manufacturing of LFP battery cells in the U.S. It is also working to secure additional supply from non-China-based suppliers, but the CFO says that &#8220;it will take time.&#8221;
Why It Matters: Tesla launched its <a href="https://in.benzinga.com/25/02/43519412/teslas-first-megafactory-outside-us-to-start-production-on-feb-11-report">first megafactory outside the United States</a> in Shanghai earlier this year, with a focus on producing energy storage products. But just months into operation, new tariffs have already disrupted those plans, throwing a wrench into the company's international expansion strategy.
After deployments hit a record high during its fourth quarter, the company had <a href="https://benzinga.com/tech/25/01/43327268/tesla-expects-50-surge-in-energy-storage-deployments-for-2025-after-segment-revenue-doubles-in-q4">forecasted a 50% surge</a> for 2025, but supply constraints from the tariff could impact these figures.
Despite his ties to the Trump administration, Tesla CEO Elon Musk has been an outspoken critic of tariffs, at one point even <a href="https://benzinga.com/markets/equities/25/04/44679026/elon-musk-made-unsucessful-appeals-to-trump-to-reverse-new-tariffs-as-tesla-likely-to-take-a-hit-report">making a personal appeal</a> to President Donald Trump to reconsider the policy, citing its negative impact on Tesla's operations.
Price Action: Tesla stock was up 4.6% during the regular session on Tuesday, closing at $237.97 a share. Following the first quarter earnings release, the stock is up 5.39% in after-hours trading.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="139" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23034616/Screenshot-2025-04-23-at-1.16.03-PM-1024x139.png" alt="" class="wp-image-883499" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23034616/Screenshot-2025-04-23-at-1.16.03-PM-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23034616/Screenshot-2025-04-23-at-1.16.03-PM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23034616/Screenshot-2025-04-23-at-1.16.03-PM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23034616/Screenshot-2025-04-23-at-1.16.03-PM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23034616/Screenshot-2025-04-23-at-1.16.03-PM.png 1592w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The Tesla stock has an unfavorable price trend in the short, medium, and long-term, according to Benzinga&#8217;s Edge Stock Rankings. For more such insights, consider signing up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> today!
Read More: 
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<li><a href="https://www.benzinga.com/25/04/44942774/elon-musk-slams-tesla-protesters-says-they-benefited-from-government-waste-and-fraud-he-believes-to-have-cut-via-doge-theyre-the-recipients-of-wasteful-largesse">Elon Musk Hits Out At Tesla Protesters, Says They Profited From Government &#8216;Waste And Fraud&#8217; He Cut Using DOGE: &#8216;They&#8217;re The Recipients Of Wasteful Largesse​&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tesla's Q1 Powered By Energy Division, But CFO Flags Tariff-Induced Storm Ahead: 'Impact Will Be 'Outsized'

Macro Economic Events

Econ #s

Eurozone Services Purchasing Managers Index Preliminary For April 49.7 VS. 50.4 Est.; 51.0 Prior

HCOB Eurozone Composite Purchasing Managers Index Preliminary For April 50.1 Vs. 50.3 Est.; 50.9 Prior

Eurozone Manufacturing Purchasing Managers Index Preliminary For April 48.7 Vs. 47.4 Est.; 48.6 Prior

FURY

Reported Earlier, Fury Gold To Acquire QPM After 88.7% Shareholder Approval, Final Court Order Pending

NB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBBK#NASDAQ">NBBK</a>) reported quarterly earnings of $0.35 per share which met the analyst consensus estimate. This is a 59.09 percent increase over earnings of $0.22 per share from the same period last year. The company reported $47.39 million in sales this quarter. This is a 12.47 percent increase over sales of $42.13 million the same period last year.

NBBK

NB Bancorp Q1 Adj. EPS $0.35, Inline, Sales $47.39M Up From $42.13M YoY

The Social Security Administration (SSA) has announced the reinstatement of &#8220;National Social Security Month&#8221;, signaling a new approach to public outreach under the current Donald Trump administration.
The campaign, halted during the pandemic and shelved during the <a href="https://www.benzinga.com/25/04/44829975/joe-biden-calls-social-security-a-sacred-promise-slams-trump-administrations-efforts-to-damage-the-program-theyre-shooting-first-and-aiming-later">Biden years</a>, is a celebration of the "proud tradition of service to the American people" and is returning to help "all Americans access their benefits in office, over the phone, and online."
What Happened: On April 22, the SSA <a href="https://www.ssa.gov/news/press/releases/2025/#2025-04-22">declared</a> it will renew its observation of National Social Security Month every April. This year's campaign will go on till August 14, in commemoration of Social Security's 90th anniversary. The campaign was last held in 2019.
See Also: <a href="https://www.benzinga.com/personal-finance/25/04/44917637/calendar-glitch-brings-two-ssi-checks-in-may-but-theres-a-catch">Calendar Glitch Brings Two SSI Checks In May — But There&#8217;s A Catch</a>
Why It Matters: According to SSA leadership, the reinstatement indicates a significant alteration of agency priorities. "President Trump has promised to protect Americans' hard-earned Social Security benefits so that all eligible individuals can access them," said Acting Commissioner Lee Dudek.
He said that the Biden administration promoted a "radical and wasteful DEI and gender ideology" and that this was to blame for long delays and subpar service.
The SSA says in the same press release that it has removed bureaucratic obstacles and recalled remote workers to offices full-time. "The combined savings from all of these measures is estimated to be over $1 billion", it said.
In March, the SSA announced <a href="https://www.benzinga.com/25/03/44153127/will-social-securitys-restructuring-impact-your-monthly-benefits-heres-what-to-know">major staffing cuts</a> which, according to experts like former Social Security Commissioner Martin O&#8217;Malley, could lead to <a href="https://www.benzinga.com/government/25/04/44941777/social-security-payments-could-face-interruptions-in-may-warns-former-commissioner-martin-omalley-never-hoped-i-was-wrong-so-much-in-my-life">"interruption of benefits".</a>
Earlier this month, millions of Americans were plunged into panic as they received <a href="https://www.benzinga.com/government/regulations/25/04/44678599/millions-of-americans-panic-after-receiving-erroneous-social-security-suspension-notices-due-to-system-glitch-report">erroneous messages </a>about the suspension of benefits due to system glitches.
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</ul>
Photo courtesy: Shutterstock

Asset Sales

Personal Finance

National Social Security Month Returns Under Trump As SSA Cites $1 Billion In Savings, Vows To 'Serve The People'

PHAR

Pharming Group Announces That The National Institute For Health And Care Excellence (Nice) Has Issued Positive Final Guidance Recommending Joenja (Leniolisib) Within The National Health Service In England And Wales For The Treatment Of Activated Phosphoinositide 3-kinase Delta Syndrome (APDS)

Germany Services Purchasing Managers Index Preliminary For April 48.8 Vs. 50.3 Est.; 50.9 Prior

Germany Manufacturing Purchasing Managers Index Preliminary For April 48.0 Vs. 47.5 Est.; 48.3 Prior

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) says the company plans to launch more affordable models this year amid rising pressure from global competitors.
What Happened: At the earnings call on Tuesday, the company shared that it was working out any ‘last-minute issues' with the product and that the production is reeling from the effects of the current ‘trade' and ‘global' issues.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Tesla says the more affordable models are launching this year, but they are working out last minute issues and that the ramp will be a little slower than they had hoped initially due to current trade/global issues.
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1914805559968326134?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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The company also shared that the planned affordable models will resemble the cars currently in Tesla's line-up. Tesla's current line-up includes the Model S, Model Y, Model 3, Model X, and the Cybertruck.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Tesla says the more affordable models that will be built in the coming months will resemble the form and shape of the cars that Tesla currently makes. &quot;The key is that they will be affordable and that you&#39;ll be able to buy one.&quot; Sounds like a stripped down Model Y.
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1914816250275897604?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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Why It Matters: While news of a more affordable Tesla model has been in the headlines for a while, it's worth noting that the company has recently <a href="https://www.benzinga.com/25/04/44888254/elon-musks-tesla-delays-launch-of-affordable-model-y-by-several-months-report">delayed the launch </a>of an affordable Model Y.
Elsewhere, Elon Musk also outlined an update on Tesla's <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">Optimus line of humanoid robots</a>, which has been hit with disruptions following China's halt on the export of rare earth metals.&nbsp;&nbsp;
Tesla's earnings call looked back on what was a lackluster quarter for the company, with dwindling sales figures and increased criticism from investors for Musk's involvement with politics. However, the billionaire shared with investors that he will be rolling back on <a href="https://www.benzinga.com/25/04/44940401/elon-musk-says-hell-only-spend-day-or-two-per-week-on-government-matters-to-ensure-fraud-does-not-come-roaring-back-ceos-focus-to-shift-to-tesla-beginning-may">his DOGE commitments</a>.
Price Action: TSLA is currently trading at $237.97 on NASDAQ, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/04/44919745/cybertruck-gets-a-down-to-earth-redesign-as-tesla-shifts-to-traditional-pickup-marketing-amid-poor-sales">Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales</a></li>
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Photo courtesy: Shutterstock

Tesla Says More Affordable Models Launching This Year: 'They Will Be Affordable And You'll Be Able To Buy One'

France Services Purchasing Managers Index Preliminary For April 46.8 Vs. 47.7 Est.; 47.9 Prior

Elon Musk, the CEO of&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has leveled accusations against protestors at Tesla showrooms, stating they are funded by government waste and fraud.
What Happened:&nbsp;Musk made these statements during Tesla&#8217;s first quarter earnings call, suggesting that the protestors are beneficiaries of government programs that have faced cuts. He claimed that this is the real motive behind the protests, despite the lack of evidence supporting his assertions.
&#8220;They're &#8230;obviously not going to say admit that the reason that they're protesting is because they're receiving fraudulent money or or that they're the recipients of wasteful largesse,&#8221; said Musk. &#8220;The actual reason is that the the is that those receiving the waste and fraud wish to continue receiving it,&#8221; he added. 
The protests, dubbed the &#8220;Tesla Takedown,&#8221; have called on Tesla shareholders to sell their shares and urged vehicle owners to stop using their cars. Organizers have emphasized that the movement is peaceful and does not support any form of violence or property damage.
However, there have been instances of vandalism and arson targeting Tesla properties.&nbsp;Last month, a 36-year-old man from Nevada was arrested and faced 15 felony charges for vandalizing a Tesla collision center in Las Vegas and setting fire to five vehicles. Additionally, three other individuals in Colorado, South Carolina, and Oregon were charged for carrying out similar attacks on Tesla vehicles and charging stations.
In an earlier interview with Fox News, Musk accused the Democrats of being responsible for the protests, describing their actions as &#8220;deranged.&#8221;
SEE ALSO: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44919811/dogecoin-shiba-inu-struggle-as-fartcoin-surges-past-1" target="_blank" rel="noreferrer noopener">Dogecoin, Shiba Inu Struggle As Fartcoin Surges Past $1</a>
Why It Matters: This development comes on the heels of Tesla&#8217;s Q1 earnings call, where the company reported a miss on both revenue and EPS estimates.&nbsp;The EV maker <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">cited tariff pressures </a>and changing political sentiment as factors clouding its guidance.
Following the earnings call, Musk announced his decision to reduce his involvement with the Department of Government Efficiency (DOGE), limiting his government work to "a day or two per week." This move was praised by Wedbush Securities analyst Dan Ives, who called it the &#8216;most important call Musk has ever had&#8217;.&nbsp;Ives <a href="https://www.benzinga.com/markets/equities/25/04/44941183/dan-ives-calls-elon-musks-tesla-recommitment-most-important-call-hes-ever-had-as-ceo-scales-back-doge-role">viewed </a>Musk&#8217;s renewed focus on leading Tesla as a positive sign.
Meanwhile, Investors, including ex-Tesla bull Ross Gerber, are <a href="https://www.benzinga.com/markets/25/04/44941889/teslas-sweet-little-lies-hide-worst-performance-ever-elon-musks-robot-takeover-talk-is-just-a-smokescreen-says-ross-gerber">growing doubtful </a>of CEO Elon Musk&#8217;s bold forecasts after Tesla&#8217;s profits dropped 71% in Q1. Gerber, who has followed the company for 11 years, called it Tesla's worst performance yet.
Tesla stock climbed 4.60% to close at $237.97 on Tuesday, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. During the after-hours trading, the stock rose 5.39%.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/04/44919745/tesla-shifts-cybertruck-marketing-strategy-to-appeal-to-traditional-pick-up-truck-customers-amid-poor-sales" target="_blank" rel="noreferrer noopener">Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

​Elon Musk Hits Out At Tesla Protesters, Says They Profited From Government 'Waste And Fraud' He Cut Using DOGE: 'They're The Recipients Of Wasteful Largesse​'

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