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.
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,
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.
The Liberal leadership hopeful says there should be a 100% tariff on all U.S. wine, beer and spirits, and on all Teslas should U.S. President Donald Trump made good on his trade threats
Tesla reported fourth-quarter revenue and adjusted profit below analysts' estimates. Shares initially fell and then rose after the results' release.
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,
Despite the statement from President Trump, NASA had already scheduled the astronauts' return for late March or April.
The government’s human resources agency also said it would begin subjecting all federal employees to “enhanced standards of suitability and conduct” and ominously warned of future downsizing.
Smiths Group propped up the FTSE 100, rising more than 14% after the opening bell following news it had responded to activist investor calls to split up its business.