Even though CEO Elon Musk is in Trump’s inner circle, Tesla CFO Vaibhav Taneja said Wednesday that the EV maker could be affected by tariffs imposed by Trump. Just because Elon Musk is Donald Trump’s self-designated “first buddy” doesn’t mean his EV company won’t be hurt by the President's policies,
Since it’s been making electric vehicles, Tesla Inc. has raked in almost $12 billion straight from the coffers of its competitors. If Donald Trump gets his way, that revenue stream won’t flow quite as quickly the next few years.
Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in the world.
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.
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.
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.
Trump's plan for widespread buyouts raises plenty of questions.
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,
Tesla reported fourth-quarter revenue and adjusted profit below analysts' estimates. Shares initially fell and then rose after the results' release.
Despite the statement from President Trump, NASA had already scheduled the astronauts' return for late March or April.
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.