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.
Tesla reported fourth-quarter revenue and adjusted profit below analysts' estimates. Shares initially fell and then rose after the results' release.
President Donald Trump took aim at federal and state support for electric vehicles on his first day in office. But it’s not clear he has the power he’s claimed on the topic.
Mexico is the largest importer of U.S. corn, accounting for 40% of all current U.S. export commitments, Jake Hanley, managing director and senior portfolio specialist at Teucrium, told MarketWatch, citing data from Standard Grain and the U.
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.
Despite the statement from President Trump, NASA had already scheduled the astronauts' return for late March or April.
Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on 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.
Amidst political tensions, President Trump criticized the Biden administration for leaving astronauts Sunita Williams and Butch Wilmore aboard the ISS. Elon Musk has stepped in, stating SpaceX will bring them home,
Elon Musk said Tesla will begin launching unsupervised self-driving models in Austin, Texas by June and several other U.S. cities by the end of 2025.