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 investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday as some expect the cheaper car to help the company hit its goal to increase deliveries by up to 30% this year.
Tesla stock investors hoping for a gain from Musk's new proximity to government should take a disciplined look first.
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.
Feeling burned by the holdover of Obama administration appointees during his first go-around, Trump swiftly exiled Biden holdovers and moved to test new hires for their fealty to his agenda.
President Trump's import tariffs, and moves to dampen electric vehicle sales and production has the auto industry in a state of uncertainty.
Tesla, prison operators and other notable "Trump trades" were volatile on Tuesday as investors assessed a blitz of executive orders by President Donald Trump within hours of taking the oath of office.
Trump’s day-one actions on energy come as climate change-fueled fires ravage Southern California, following the globe’s hottest year on record.
The company formerly known as Google has seen almost a 16 per cent rise in share price from when Trump was confirmed as having won the US election in early November, and while it has held fairly steady across the past month, the final week of Joe Biden’s administration did see an initial 1.6 per cent rise.
Palantir co-founder Joe Lonsdale told "The Will Cain Show" that the battle against the "woke mind virus" is not yet "won" despite Big Tech's embrace of Trump.
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 president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure partnership between the Trump administration and OpenAI, Softbank and Oracle. Oracle, a software company, houses most of TikTok's servers