Tesla Financial News

A recent change to accounting rules may have helped deliver a $600 million profit on bitcoin (BTCUSD) holdings for Tesla (TSLA), but the same rule could potentially leave MicroStrategy (MSTR) with a multi-billion dollar tax bill.

Tesla’s profits from its car division fell in the fourth quarter as the company had to sell off excess inventory at discounted prices, as per a report. This was the lowest level in five years.

Elon Musk is seemingly taking the «efficiency» part of his new role very seriously. The Donald Trump ally, who was appointed as head of the Department of Government Efficiency (DOGE), told multiple associates that he’s been sleeping at the DOGE headquarters, Wired reported. DOGE is based out of the Eisenhower Executive Office Building, just steps from the White House.

Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports

European automakers brace for a possible trade war waged by President Donald Trump, they are working to ward off another threat on their home turf: the prospect of paying hundreds of millions of dollars to Tesla and Chinese competitors muscling in on their core markets.

Tesla CEO Elon Musk has actually embarked on an ambitious mission with the Department of Government Efficiency (DOGE) while demonstrating his characteristic ‘hardcore’ work approach by reportedly sleeping in the Eisenhower Executive Office Building near the White House, reported Daily Mail. As an extremely key figure in the US President Donald Trump administration, Tesla CEO Elon Musk is laser focused on dramatically reducing the government spending and bureaucratic inefficiencies.

Reliance Industries. However, a decline in Tata Motors capped gains on the benchmarks. The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.

Tesla CEO Elon Musk was backing Donald Trump with money and time during the latter's presidential campaign last year, many thought Trump's victory could turn out to be the most profitable investment for Musk. It was said that Trump’s second term could mean less regulatory pressure on Musk’s companies. “A second Trump term could very well shift the administrative and regulatory state in ways that would benefit Musk’s companies,” Angela Aneiros, an assistant professor of law at Gonzaga University and a co-director of the university’s Center of Law, Ethics & Commerce, had told NBC News. “A second term, if it happens, will result in federal agencies’ shifting their focus away from investigations into regulatory compliance issues,” Aneiros said.

Subscribe to enjoy similar stories. Waymo will test its self-driving taxis with trained human autonomous specialists behind the wheel. Waymo is preparing to test its self-driving taxis in more than 10 new cities across the U.S.

Tesla’s fourth-quarter adjusted profits rose slightly amid a big push to sell its electric vehicles with offers of zero financing and other incentives, but the results still fell short of Wall Street forecasts

After several months in which inflation data has largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation «has made progress» towards the Fed's 2% inflation goal, noting only that the pace of price increases «remains elevated.»

Boeing CEO Kelly Ortberg reportedly revealed that Tesla CEO Elon Musk and the Department of Government Efficiency (DOGE) are eventually collaborating to expedite the delivery of the next Air Force One aircraft, reported Business Insider. The project which is known as the VC-25B has been totally plagued by significant challenges which includes over $2 billion in losses and substantial delays.

Vivek Ramaswamy eventually discussed regarding his departure from the Department of Government Efficiency (DOGE) which he was co-leading with Tesla CEO Elon Musk under the administration of US President Donald Trump. The Hill reported that Vivek Ramaswamy claimed that his exit was actually a mutual decision which was driven by his intention to pursue elected office in the state Ohio.

Tesla CEO Elon Musk has clashed with one of Tesla’s top investors Nicolai Tangen, the CEO of Norway's sovereign wealth fund, as per a report.

entrepreneur Mark Cuban defended the controversial online behavior of Tesla CEO Elon Musk while describing it as something ‘kind of insane’ yet which is actually consistent with the personality of Elon Musk, reported Benzinga.

Subscribe to enjoy similar stories. The global theatre of technology has long offered us a ringside view of a stage where visionaries have bitterly opposed each other, alliances have formed and ended, and betrayals abound. Now, Elon Musk and Sam Altman find themselves cast as rivals in a tale of ambition, ideals and perhaps revenge.

Department of Government Efficiency (DOGE) led by Tesla CEO Elon Musk eventually announced cancelling $420 million in government contracts within the first 80 hours, reported Business Insider. This early effort actually represents approximately $126 million in daily contract cancellations while potentially amounting to $67 billion annually which is roughly 3% of Tesla CEO Elon Musk's original $2 trillion cost-cutting goal.

Tesla CEO Elon Musk has found an unexpected ally in the former US President Joe Biden administration's final days which is a pair of scholarly papers from the Department of Justice and Federal Trade Commission that support his antitrust lawsuit against OpenAI and OpenAI CEO Sam Altman, reported Business Insider. These documents actually scrutinize the potential illegality of partnerships between cloud service providers and AI developers specifically targeting the Microsoft and OpenAI relationship.

Tesla CEO Elon Musk in the administration of US President Donald Trump, reported Daily Beast.

Tesla CEO Elon Musk has eventually launched a campaign against Wikipedia after the platform updated his biography to eventually include a reference to his ‘alleged Nazi salute’ during the inauguration of US President Donald Trump, reported Independent.

Tesla is actually experiencing some early signs of demand challenges with Tesla CEO Elon Musk already implementing price cuts just one quarter after launching its non-Foundation Series models, reported Fortune. The entry level all wheel drive version which is being priced at around $80,000 is already seeing discounts up to $1,700 depending on the location and trim.