Tesla, Elon Musk and White House
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Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."
Billionaire owner Elon Musk has made it clear that Optimus humanoid robots and robotaxis are the future of Tesla, but these are pricey and risky bets – and Tesla could use an extra boost of cash.
The veteran Tesla bull says there is a "sense of exhaustion" from many investors that their CEO keeps heading down the political track.
The president said in a Truth Social post that he wanted Musk's businesses to "THRIVE like never before."
While Musk was spending so much time in the White House, Tesla has been missing delivery targets; it’s placing a big bet on autonomous cars, but that could deprive its staple EV of much needed R&D.
Donald Trump offered support to his one-time ally Elon Musk in a surprising post as shares in the electric vehicle company crumbled on Wall Street.
Tesla reported another quarter of reduced profits after Elon Musk’s stint in the Trump administration. The president’s tax bill creates new business challenges.