Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
Elon Musk’s backing of Donald Trump could become an extraordinary act of self-sabotage as Wall Street banks have predicted Tesla sales to rise more slowly than he expected, the Financial Times reported.
Despite the statement from President Trump, NASA had already scheduled the astronauts' return for late March or April.
Tesla has posted a slump in profits after the first sales decline in its history as Elon Musk’s car company faces growing Chinese competition and flatlining interest in electric vehicles (EVs). The world’s most valuable car company posted a 20.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday.
Tesla is set to report earnings Wednesday for the first time since President Donald Trump -- a close ally of CEO Elon Musk -- returned to the White House.
CNN data guru Harry Enten offered a humbling analysis of the popularity of the world's richest man Tuesday evening, noting that Elon Musk's polling numbers were so bad, he was pulling down President Donald Trump.
He was referring to dispute Trump’s executive order — one of a slew he has signed since taking office on Monday — that calls for the elimination of the “electric vehicle mandate.” Fanjoy and some market watchers feel government and industry investments in EV technology have moved too far along for Trump's order to have much influence on reining in sales over the long term.
President Trump has slashed a slew of EV-related policies, which could affect many states that have received billions of dollars in investment for electrification, notably Michigan.
The Trump administration offered an ultimatum to some federal employees asking them to choose if they want to resign in a pitch that echoes Elon Musk's moves at Twitter.
The new Trump administration’s effort to both get a grip on and dismantle the federal workforce has also been a dystopian farce.