🚨 NOW: Jennifer Welch is facing calls to be SUED by Elon Musk after she declared, "Elon Musk is a white nationalist, who is a Nazi, who does back-to-back Sieg Heils, who is an untreated drug addict" What a DISGUSTING WOMAN! SUE HER into oblivion for defamation!

🇪🇺🇷🇺 Ursula von der Leyen says RUSSIA IS USING MASS MIGRATION as a weapon against EUROPE The EU chief accuses Russia of deliberately pushing migrants toward European borders to overwhelm authorities, spread fear and divide the continent. She now wants new emergency powers to deal with these situations. Brussels has SPENT YEARS defending migration and asylum as part of Europe's values. Now it's warning that hostile governments can exploit those same systems to destabilize Europe. Completely ridiculous. And pretty revealing who is actually behind it all... Writer: Oliver

SPCX should be up 30% today. Here’s a great example of how Wall Street discounts what Elon says. Bottom line, analysts cut the low end of his guide in half. Last night he said they’ll exit 2027 with $500B-$1T in revenue run rate. I believe Elon implied the low was based on adding 10 GW of compute in CY27 and the high end 20 GW. My take is there’s a 75% chance they add 10 GW, and 2% chance of 20 GW. So we should focus on the low end, or $500B in ARR exiting 2027, or $125B in Dec-27. Before earnings, the Street was at $31B for Dec-27. He guided to $125B or 300% increase. $SPCX is up 12% on that. It should be 30% plus today. This morning the Street is at $50B. Since many analysts have yet to update numbers, we look at those that have made changes, and those are at around $70B, compared to the “guide” of $125B. That’s the 50% haircut.

🚨 NEW: John Healey is considering introducing income tax on parents who pass their business down to their children in the Budget [@Telegraph]