Tesla shares plunged as much as 10% in early trading Thursday as investors digested another dismal quarter of car sales – and CEO Elon Musk’s admission that slump may not end anytime soon.

President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.

Tesla CEO Elon Musk said the electric car brand would face "a few rough quarters", as the company posted its worst quarterly sales decline in over a decade. In the latest financial outlook, Tesla reported a 12 per cent drop in revenue compared to the same time last year,

Tesla has opened a 1950s-style diner in Los Angeles with robot servers, retro décor, and a rooftop drive-in. The diner blends classic charm with futuristic tech, offering food, fun and charging for electric vehicles.

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.

Elon Musk faces simultaneous court challenges in Miami and Oakland over Tesla’s self-driving capabilities. The Miami case involves a fatal crash attributed to Autopilot, while California regulators aim to suspend Tesla sales due to exaggerated self-driving claims.

Tesla's debut in India has not convinced its early backers, who waited for the company to enter the market for nearly a decade.

Elon Musk fought court cases on opposite coasts Monday raising a question about the billionaire that could either speed his plan to put self-driving Teslas on U.S. roads or throw up a major roadblock: Can this wildly successful man who tends to