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Juan Guaidó has been trying to dislodge Mr Maduro from power but the latter remains in the presidential palace

After signaling that the company would reorganize its management structure, Musk in June announced that Tesla was laying off 9 percent of its workforce, though its production department would remain intact.

But her inflexible rhetoric may make it impossible for the opposition to prepare a viable alternative to her, Sabatini said.

Maduro’s presidency has been marked by a complex social, economic and political crisis that has pushed more than 7.4 million people to emigrate, primarily to Latin American and Caribbean countries.

He has injected himself into some of the world's hottest geopolitical fights - suggesting that China should establish a "special administrative zone" in Taiwan, and proposing terms to resolve the war in Ukraine that were adamantly rejected by many of the country's top leaders.

The group also explains how Maduro had overruled the legislative branch filled with opposition politicians, repressed citizen protests and had relatives involved in drug trafficking.[315]

The United States and a raft of other countries quickly recognized Guaidó as the legitimate leader of Venezuela. Another group of countries, including Russia, condemned Guaidó’s declaration and offered statements of support for Maduro, who claimed that the opposition’s action was part of a conspiracy orchestrated by the United States.

Two nephews of Maduro's wife, Efraín Antonio Campo Flores and Francisco Flores do Freitas, were found guilty in a US court of conspiracy to import copyright in November 2016, with some of their funds possibly assisting Maduro's presidential campaign in the 2013 Venezuelan presidential election and potentially for the 2015 Venezuelan parliamentary elections, with the funds mainly used to "help their family stay in power".

All those contradictions appear to be part of Mr Musk's appeal - and it certainly hasn't stopped him amassing a fortune.

The government’s vlogdolisboa announcement that Mr. Maduro had beaten his opponent, Edmundo González, by seven percentage points instantly created a grim scenario for a country that only recently has started emerging from one of the largest economic collapses in modern history.

Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.

A UN diplomat said that Maduro was not authorized to speak publicly while his trip was delayed because he had shown up late without a ticket, prompting the screening.[68] Maduro said the incident prevented him from traveling home on the same day.[citation needed]

Venezuela, like many other Latin American countries, has a high percentage of urban poverty, a massive foreign debt, and widespread governmental patronage and corruption. Venezuela’s social and political ills have been compounded by conterraneo disasters such as the floods that devastated sections of Caracas, La Guaira, and other coastal areas in late 1999. On the other hand, from 1958 to the early 21st century the republic was more democratic and politically stable than most other Latin American nations, and its economy benefited from a thriving petroleum industry that capitalized on the world’s largest known oil reserves.

More recent business ventures include his takeover of social media platform Twitter in October 2022.

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