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Musk Meltdown Wipes BILLIONS Off Tesla Stock

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Elon goes full tilt at Trump tax plan, while Tesla stumbles in Europe and Down Under. Credit: Stock all, Shutterstock.

Elon Musk has done it again — and this time, it’s Tesla’s share price that’s feeling the shockwaves. The tech tycoon’s latest political tirade has sent investors running for cover, with Tesla stock plummeting over 4% after Musk launched an explosive attack on Donald Trump’s tax bill.

“KILL the BILL!” Musk raged on X (formerly Twitter) on Wednesday, June 4, urging Americans to pick up the phone and badger their Senators and Congressmen. “Bankrupting America is NOT ok!” he thundered, calling the bill a “disgusting abomination” and accusing Congress of packing it with pork.

But while Musk was going ham on Capitol Hill, Wall Street was hitting the brakes.

Tesla shares tumbled 4.2% during trading and slid even further in pre-market deals — leaving some wondering whether Musk’s mouth is now Tesla’s biggest liability.

Musk vs. Trump: Bromance on the rocks?

According to The Wall Street Journal, Trump’s inner circle is “caught off guard” by Musk’s outburst. One senior official hinted the White House is “irked” by the tech mogul’s loud dissent — not least because Musk had previously been seen as a powerful Trump ally, especially through his role in the so-called Department of Government Efficiency (DOGE).

Musk’s fury reportedly reached boiling point after the White House dropped his pal, billionaire Jared Isaacman, from consideration for NASA chief — a nomination Musk had personally championed. If that’s true, the tax bill might not be the only thing Musk is fuming about.

What’s in the bill that’s got Elon frothing?

Quite a bit, actually.

Musk’s biggest gripe? The phasing out of the federal EV tax credit — a move that could clobber Tesla sales just as competition heats up worldwide. According to Bloomberg, Musk has been lobbying hard behind the scenes to preserve the subsidy, which many see as crucial to Tesla’s growth.

The nonpartisan Congressional Budget Office dealt another blow by confirming what Musk has been shouting from the rooftops: the bill would add $2.4 trillion to the national deficit over the next decade.

And for a man who once ran DOGE — an agency tasked with cutting government waste — it all seems like too much hypocrisy to swallow.

“I’m sorry, but I just can’t stand it anymore,” Musk posted. “Shame on those who voted for it in the House.”

Tesla’s European dreams stall

While Musk battles the swamp in Washington, Tesla is quietly struggling overseas. Sales figures from Europe and Australia paint a mixed picture, with demand softening in key markets.

The company also faced public backlash on home turf. Recent protests outside Tesla showrooms in the US have underlined growing frustration among customers, with some reportedly ditching their Teslas altogether over Musk’s outspoken politics and perceived cosiness with the Trump camp.

Even some of his die-hard fans are now asking: has Musk’s political obsession driven Tesla off a cliff?

Musk’s billion-dollar balancing act

Musk’s double act as CEO and political pit bull may thrill his social media following — but investors seem less amused. Tesla’s robotaxi dreams, EV dominance, and federal contracts with NASA and the Department of Defence all rely on political goodwill. Picking fights with presidents might not be the smartest move.

And with the National Highway Traffic Safety Administration still mulling over autonomous driving regulations, Musk’s war on Washington could leave his futuristic fleet parked in the slow lane.

For now, though, Musk seems more interested in slaying bills than building cars.

As ever with Elon, it’s part genius, part chaos — and 100% must-watch.

Got a view on Elon’s latest political pivot? Let us know in the comments below!

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€17 Million And No Winners: EuroMillions

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Tonight’s EuroMillions draw has concluded without a jackpot winner, meaning the top prize of €17 million will roll over to next Tuesday’s draw, where it is expected to exceed €26 million.

The winning numbers of this Friday’s 20th June draw were the following nº: 05, 08, 24, 37, 47, with the Lucky Stars being 03 and 09.

While no participant matched all five numbers and both Lucky Stars required to claim the jackpot, several participants did walk away with substantial prizes. Notably, one winning lottery ticket in Spain matched five numbers and one Lucky Star, earning the second-tier prize of approximately €172,609.

In addition, Spain’s exclusive raffle “El Millón” saw one lucky ticket holder win €1 million with the code QKV94144.

This follows Tuesday’s historic draw in which a single ticket purchased in Ireland scooped the record-breaking €250 million jackpot, resetting the prize pool for tonight’s game.

The EuroMillions draw continues to attract millions of hopefuls across Europe, and anticipation is already building for next week’s draw, which offers another chance at a life-changing sum.

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Rafael Nadal Crowned Marquis By King Felipe VI

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Spanish tennis icon Rafael Nadal, newly named Marquis of Llevant de Mallorca by King Felipe VI. Credit : Facebook – Rafa Nadal

It’s not every day a tennis legend trades his headband for a marquis’s crown, but that’s exactly what’s just happened in Spain. For the first time since he took the throne eleven years ago, King Felipe VI has dusted off one of the monarchy’s oldest traditions—handing out new noble titles. And leading the pack? None other than Rafael Nadal, the pride of Mallorca and one of the greatest athletes Spain has ever produced.

You heard right: the man who made Roland-Garros his second home is now officially the Marquis of Llevant de Mallorca. The announcement came as part of a special royal honours list released on June 19, celebrating the king’s anniversary with a bang. If you’ve ever wondered what it takes to get knighted in Spain these days, apparently, being a global sports icon and a top-notch ambassador for your homeland does the trick.

From the tennis court to nobility: Nadal’s newest win

Rafa Nadal might be used to holding up trophies, but now he’s got something even rarer—a title no one else has ever had. The Marquis of Llevant de Mallorca is a brand-new honour, tailor-made for the tennis star, and it’s named after the beautiful part of the Balearic Islands where he grew up. Not a bad way to mark your retirement, is it?

Felipe VI praised Nadal—and the five other honourees, as ‘examples of excellence’ who make Spain proud. It’s a big statement and a big gesture, but anyone who’s seen Nadal play or met him off-court knows he’s the real deal: humble, passionate, and always flying the Spanish flag.

There’s another bonus, too: Nadal gets to create his own coat of arms, and when he’s no longer around, the title passes to his eldest son, Rafael Junior. Yes, the legacy is set in stone—or maybe in marble.

A Royal connection: Nadal and the spanish monarchy

If you follow Spanish celebrity circles, you’ll know that Rafa and the royals go way back. It was King Juan Carlos I who first spotted his talent, and over the years, Nadal’s become a familiar face at royal gatherings and even private family holidays in the Balearics. It’s a friendship built on mutual respect—and probably a bit of healthy competition at the dinner table!

Who else made the list? A mix of icons

Nadal isn’t the only new marquis in town. The honours list also included Jaime Alfonsín, who’s been by the king’s side for years as his private secretary (he’s now also a Grandee of Spain, which is as fancy as it sounds); Luz Casal, the iconic singer; Carlos López Otín, a pioneering scientist; Teresa Perales, the paralympic swimming superstar; and Cristina García Rodero, an award-winning photographer.

It’s a who’s-who of Spanish talent, and each one represents the modern face of Spanish excellence—arts, science, public service, and, of course, sport.

What’s it like to be a Marquis in 2025?

So, what does a marquis actually do these days? Don’t expect Nadal to start wearing a feathered hat or riding a white horse through the streets of Manacor. Modern Spanish nobility is much more about setting an example than throwing fancy balls. These new titles are a nod to people who represent the very best of Spain—on the world stage, in their communities, and in the stories they tell about the country.

It’s a far cry from the old days of kings and castles, but it’s a tradition that still means a lot to Spaniards—and gives the rest of us something to talk about over coffee.

What’s next for Rafael Nadal as Spain’s new marquis?

With his new marquis title, Rafael Nadal is starting a new chapter, and you can bet he’ll take it just as seriously as his tennis. For now, he hasn’t made a fuss about it on social media, but if you’re anywhere near Mallorca, don’t be surprised if you see a little more spring in his step.

One thing’s for sure: whether he’s holding a racket or a royal decree, Nadal remains a symbol of Spanish pride and resilience. As for King Felipe, this new batch of marquises sets a precedent—honouring the people who help put Spain on the map for all the right reasons.

Stay tuned with Euro Weekly News for more celebrity news

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Many Fall Ill At Ascot This Past Week

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The grandiosity of the Royal Ascot has been a tricky one this week due to the extreme heat, as dozens of racegoers were treated for heat-related issues amid soaring temperatures. On Wednesday’s Ladies’ Day alone, at least 42 people required medical attention on-site, with one individual having to hospitalised with suspected heatstroke, then again if we mix sun and alcohol we can expect no good to come from it! 

The prestigious five-day racing event, renowned for its elegance, fashion, and royal appearances, was met with a heatwave sweeping southern England. Temperatures climbed to nearly 30°C, yes, those of us in Spain may laugh but this left spectators sweltering in their formal attire. Emergency services and medical tents remained busy, treating symptoms ranging from dizziness and dehydration to full-blown heat exhaustion.

In response, organisers deployed extra misting fans, increased access to free drinking water, and installed shaded rest areas across the grounds. Officials issued repeated announcements encouraging people to drink plenty of fluids (and by that I don’t mean a good old glass of bubbly) and sun protection. Despite the conditions, more than 40,000 guests attended Wednesday’s proceedings.

The UK Health Security Agency issued an amber heat-health alert during the week, warning of risks to vulnerable individuals, particularly young and the elderly

Racing Carries On

Despite the challenging heat, the horse races have continued uninterrupted.  Of course they would, why would running at a flat out gallop in 30º heat affect the horse? Trainers and veterinarians remained on high alert, but emphasised that the thoroughbreds were coping well with the conditions and that they couldn’t just stop the races especially as the bets had already been placed, and as you all well know, money before animal welfare!  (I might have thrown that last bit in). 

Race officials took proactive steps to protect the horses, including installing mobile misting units, providing over 3,000 litres of iced water, and watering the track overnight to maintain “Good to Firm” going, because if anything is going to bring a horse down it would just be the condition of the track and not the intense heat.

Leading trainers, including those from Aidan O’Brien’s stables, said horses are generally well-conditioned and able to tolerate the heat, provided post-race cooling measures are in place. Then again he’s not a horse so how would he know?

Thankfully, Thursday’s Gold Cup went ahead without incident, with Godolphin’s Trawlerman claiming victory in a record time of 4:15.02.

Royal Ascot, a staple of the British summer social calendar, may now be forced to reconsider its approach to climate extremes. While the spectacle and racing have endured, the week has underscored the growing need for preparedness as high temperatures become more frequent. Hopefully in these preparations they will also reconsider the hours in which the races are held avoiding the hottest hours of the day so that the horses may be a little more comfortable. 

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