Tesla Financial News

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs

Subscribe to enjoy similar stories. Can Elon Musk make a run at acquiring MSNBC? It would be a steep climb. One big reason: it isn’t for sale.

California could offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the $7,500 federal EV tax credit

Tesla CEO Elon Musk of abolishing the Federal Reserve (Fed) aligns with US President- elect Donald Trump's economic vision which potentially increases Elon Musk's influence in the government, reported GO Banking Rates. According to GO Banking Rates, Elon Musk eventually expressed support for dismantling the Fed by sharing a post from Senator Mike Lee, who actually criticized the role of Fed in US economic policy. Eminent experts have already warned that abolishing the Fed could eventually lead to significant economic upheaval which will include heightened inflation volatility and increased borrowing costs for consumers. Also Read :This 45-year old tech CEO eats his final meal at 11 am in the morning; what is the logic and why is he doing this?

China over the past year has often felt like watching a looking-glass parody of the US. In America, electric vehicles have been in retreat all year. General Motors Co. and Ford Motor Co. have scaled back expansion plans and cut jobs amid flagging demand for battery cars. Analyst expectations for Tesla Inc.’s fiscal 2024 net income are barely a third of what they were two years ago. Even Apple Inc. junked its 10-year, multi-billion secretive project to build a revolutionary EV. On the other side of the Pacific, things couldn’t be more different. Battery and plug-in cars, which made up just 5% or so of the market in 2020, comprised 49.8% of all car sales in October, and only one out of the top 10 sellers came without a plug. Even the threat of tariffs from trade partners has barely slowed manufacturers’ global ambitions. What’s more, phone companies have, almost overnight, become major players.

U.S. Securities and Exchange Commission's request to sanction Elon Musk after he failed to appear for court-ordered testimony for the regulator's probe into his $44 billion takeover of Twitter.

Many large U.S. companies have seen their stocks swell since the presidential election.

US President- elect Donald Trump's victory in the US Presidential Election 2024, Elon Musk's significant financial backing through his Super PAC, America PAC has eventually come under scrutiny. According to Rolling Stone, Tesla CEO Elon Musk reportedly spent around $200 million to support Donald Trump's campaign while focusing on low-propensity and first-time voters. Rolling Stone reported that this funding was facilitated by a Federal Election Commission ruling that allowed super PACs to coordinate with campaigns while enabling Donald Trump’s team to leverage Elon Musk's resources pretty effectively. Elon Musk's recent alignment with Donald Trump suggests a deepening bond that could reshape political dynamics moving forward. Also Read: Pic of Big Mac: Are Melania Trump and RFK Jr. ganging up to improve Donald Trump's diet? Here's what a source says

Subscribe to enjoy similar stories. During his victory speech on election night, Donald Trump touched on most of the standard topics for such occasions. He thanked his supporters and his staff.

Xiaomi reported a 30.5% increase in revenue compared to the previous year, driven by robust sales of both its smartphones and the SU7. As the world's third-largest smartphone manufacturer, Xiaomi introduced the SU7 earlier this year as part of its strategic shift towards electric vehicles. The SU7 is equipped with advanced features such as assisted driving software and remote voice control, which allows drivers to operate household appliances from their car. Priced at 215,900 yuan (approximately $30,000), the SU7 has quickly become a top seller in China, the largest market for electric vehicles globally. In October alone, Xiaomi delivered over 20,000 units of the SU7. The company has now set a new target of 130,000 deliveries for the year, having already surpassed its initial goal. The SU7 has also gained international attention, with Ford's CEO praising the vehicle as «fantastic» and expressing reluctance to part with it after driving one for six months.

Elon Musk has been a very important figure in the US Presidential elections 2024, and has been quite instrumental in Donald Trump's thumping victory in the polls against Kamala Harris. The Tesla CEO, after the victory of Trump, was announced as the co-head of a special department to begin in Trump's regime, that will keep a check on federal expenses.

4680 battery technology have been questioned by CATL (Contemporary Amperex Technology Co. Limited) CEO, Robin Zeng. In a recent interview, Zeng made bold claims, stating that Musk doesn't understand how to make batteries and that Tesla’s 4680 battery is bound to fail. Here's the full breakdown of this business exchange.

German police have broken up a protest camp housing environmental activists in a forest near the Tesla electric car factory in Grünheide outside Berlin, citing violations of public safety and order

Sharing the clip on X, Kardashian wrote, “Meet my new friend!” In the video, she appeared awed at the robot’s antics. She is seen saying “Hi” to the robot, making a heart gesture, and asking, “Can you do this?” The robot quickly follows her lead, which amazes Kim as she gasps and says, “You know how to do that!” At the end of the clip, she suggests that they both go for a run. Have a look at the viral video clip here:

Trump’s planned administration. Benchmark indexes advanced in Japan, South Korea and Australia, while futures climbed in Hong Kong. The Nasdaq 100 outperformed Monday after its longest rout since January, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities. Nvidia Corp., which reports results this week, fell.

Elon Musk has been quite instrumental in the US Presidential elections 2024 and his contributions have been significant for Donald Trump's massive victory against Kamala Harris. Musk, after the win, has been placed as the co-head of a crucial committee for monitoring government expenses in the upcoming Trump administration, being seen as a reward for his continued support for Trump throughout the campaign season.

Donald Trump's transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities, according to people familiar with the matter. If new rules enable cars without human controls, it will directly benefit Elon Musk, the Tesla chief executive officer and Trump mega-donor who's become a powerful fixture in the president-elect's inner circle. He's bet the future of the EV maker on self-driving technology and artificial intelligence. Tesla's stock rose more than 7% shortly after the market open Monday, extending their 28% advance since election day. Shares of Uber and Lyft, who could face competition from Musk's long-planned robotaxi network, each fell more than 6% in intraday trading.

Donald Trump's audacious win over Kamala Harris and the sweep of both Houses of the US Congress by the Republican Party, two significant developments have set the stage for an emboldened Trump 2.0 administration: Trump's cabinet appointments have set off shock waves across Washington, underscoring his trademark unpredictability. These choices signal his intent to shake up the established order and reinforce his disruptive approach to governance — something cut short by his loss to Joe Biden in 2020. With far-reaching implications, Elon Musk has officially joined the Trump administration. Musk's inclusion comes as little surprise, considering his public support for Trump during the campaign, including a reported $100 mn-plus in campaign contributions.

On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on <a href=«https://x.com/elonmusk/status/1857819784865362211?ref_src=» https: target="_blank">X

Elon Musk, the Tesla CEO has pretty recently endorsed a controversial proposal to allow US Presidents to exert control over the Federal Reserve which in recent days is led by Jerome Powell, reported Business Insider. This endorsement actually aligns with US President- elect Donald Trump's ongoing interest in reshaping the Fed's role, as he has already and previously criticized Jerome Powell while suggesting that he should certainly have a say in monetary policy decisions. According to Business Insider, the support of Elon Musk surfaced after he responded positively to a tweet from Senator Mike Lee advocating for the end of the Fed's independence while using the hashtag ‘#EndtheFed’ and a ‘100’ emoji to signal his eventual agreement. Also Read: Mike Tyson vs Jake Paul on Netflix: How to re-watch, watch highlights?