Tesla Financial News

Subscribe to enjoy similar stories. Tesla investors got an early Christmas present this past week: a possible stake in a hot initial public offering. Bloomberg reported that Elon Musk’s SpaceX might be headed for a 2026 initial public offering, raising up to $30 billion.

Subscribe to enjoy similar stories. Tesla investors got an early Christmas present: a reason to dream about what might be coming in the new year. Tuesday, Bloomberg reported that Elon Musk’s space technology company SpaceX might be headed for a 2026 initial public offering, raising up to $30 billion in the process.

Subscribe to enjoy similar stories. The message out of Big Tech these days is that even the CEO’s job is at risk with the rise of artificial intelligence. We’re accustomed to all of the talk about superintelligent AI vacuuming up office jobs and robots replacing workers on factory floors.

Elon Musk made headlines—again—by revealing that he had officially sold X (formerly Twitter) to his artificial intelligence company, xAI, in a deal valued at $45 billion. On paper, it sounded like an ambitious move to synergize AI development with social media infrastructure. But a viral satirical video on Instagram has turned the announcement into something else entirely: a puzzle that many now believe has less to do with tech vision and more with strategic financial maneuvering. The video, created by Instagram user @genericartdad, took a comical yet razor-sharp jab at Musk’s business shuffle. Using a back-and-forth dialogue format where he plays both interviewer and Musk, the creator humorously dismantled the deal by asking one simple question: Why would you sell Twitter to yourself?

Subscribe to enjoy similar stories. Elon Musk doesn’t share the spotlight with many people. Donald Trump is one.

At the centre of the storm was Meta CEO Mark Zuckerberg, who lost a staggering $17.9 billion in a single day. The tech mogul now stands at $189 billion in total wealth, down $18.6 billion in 2025 alone, according to the Bloomberg Billionaire Index. Amazon founder Jeff Bezos came in close behind, shedding $15.9 billion. Elon Musk, Tesla chief and a close Trump ally through his advisory roles and links to the Department of Government Efficiency (DOGE), was third on the list. He saw $11 billion wiped off his wealth overnight, bringing his total losses for 2025 to over $110 billion. “This is not just a tech correction. It’s a direct consequence of aggressive policy moves that are shaking investor trust,” said David Bahnsen, Chief Investment Officer at The Bahnsen Group, speaking to Reuters.

«The 'Pet Comfort' (feature) was a huge part of our decision,» Sjostrom says from his station on the outskirts of Minneapolis. «Now, I don't leave here without bringing her with me.» Almost all EVs now have some form of climate control that can be programmed to run when the machine is parked and driverless, another feature electric models can offer that internal combustion ones can't, like a front trunk or fueling at home. The temperature setting, which carmakers have been marketing for years, is now drawing a wide and specific demographic: the devoted dog owner. Lucid Group calls its feature «creature comfort mode,» which «has without a doubt been a great sales tool,» says spokesman Justin Berkowitz.

The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the Covid-19 pandemic.

The CEO of Tesla and close counselor to President Donald Trump had strongly supported right-wing candidate Brad Schimel, cautioning that the contest held great importance for «Western Civilization.» Schimel's possible loss by a double-digit margin has sparked scrutiny of Musk's clout within Republican ranks as he looks toward upcoming elections, including the near-term midterms. Musk, who has had an active role in developing Republican tactics, dismissed the loss in Wisconsin as the inevitable result, as mentioned in a report by Forbes. In a post on social media after the vote, he explained that he had expected the defeat, indicating that his long-term effort to shape elections is not interrupted.

Trump began speaking after Wall Street closed, and both S&P 500 futures and Nasdaq futures reversed gains as investors blanched at his sweeping tariff plans. S&P 500 futures were 1.6% lower as he spoke, with Nasdaq futures down 2.4%.

Subscribe to enjoy similar stories. The first quarter of 2025 hasn’t been kind to the world’s billionaires. Among the top 10 richest people in the world, only Bill Gates and Warren Buffett added to their fortunes in this period, according to the Bloomberg Billionaires Index.

Treasury Secretary Scott Bessent said Wednesday the sell-off in the stock market is due more to a sharp pullback in the biggest technology stocks instead of the protectionist policies coming from the Trump administration.

Elon Musk may quits DOGE: In an unexpected turn of events, Elon Musk may have stepped down from his involvement with DOGE and, even more surprisingly, his government role under President Trump. Reports are circulating that Musk has chosen to retreat from his governmental responsibilities, a move that has rattled Washington and sent Tesla stock soaring. But why now, and what does this mean for the future of both Musk’s business empire and his political ties to Donald Trump?

Tesla owner in Pennsylvania got the shock of his life when he reviewed footage from his car’s built-in cameras—what he saw left him furious. The video showed a man casually stepping out of a silver Lexus in the parking lot of a Planet Fitness gym in Doylestown Borough. He crouched beside the Tesla, took out an object, and began scratching a symbol into the car’s paint. The act lasted mere seconds, but its impact was far more lasting. The symbol? A swastika. The suspect, later identified as 55-year-old Chadd Ritenbaugh, seemed to believe he could get away with his mischief unnoticed. He quickly stashed his tool, stood up, and walked into the gym as if nothing had happened. But he forgot one crucial detail—Tesla vehicles don’t just sit silently. Their sophisticated surveillance system records everything. Hours later, when the Tesla owner arrived home and checked the footage, the disturbing truth was right there on the screen. Infuriated, he turned to social media, determined to track down the culprit. And it didn’t take long.

Elon Musk's days as a senior White House adviser may be coming to an end — along with his government-slashing Department of Government Efficiency. After the tech mogul said that he would step down as DOGE chief by the end of May, US President Donald Trump has hinted that his 'first buddy' Musk may quit his role as a senior White House adviser leading the DOGE and will likely to go back to running his several companies full time. President Trump Monday said he wants to keep Elon Musk at the White House for as long as he is willing to oversee the DOGE but suggested the billionaire tech entrepreneur's time could be nearing an end. ALSO READ: 'Did Biden do news conferences like this?': Trump calls friend Kid Rock ‘Bob’ during rapper’s bizarre appearance

Subscribe to enjoy similar stories. “The golden age of America begins right now," intoned Donald Trump at the start of his inaugural address on January 20th. The business world bought the glittering talk, in anticipation of lower taxes, less red tape and buoyant American consumers.

According to LSEG data, the top 10 global companies saw a 13.2% decrease in their market value to $18.64 trillion at the end of Q1 2025, marking the biggest drop since June 2022.

Subscribe to enjoy similar stories. Elon Musk struck what could be considered the biggest deal of the year, and he broke all the normal rules. Musk’s splashy merger of the social-media company X and his artificial-intelligence startup xAI values the combined company at over $110 billion.

Elon Musk's SpaceX on Monday launchd a crew of four private astronauts led by a crypto entrepreneur on a mission to orbit Earth from pole to pole, a novel trajectory in which no humans have traveled before. Maltese investor Chun Wang, a Chinese-born magnate who founded a bitcoin mining company, is the bankroller and commander of the SpaceX mission, named Fram2, a reference to the Norwegian «Fram» ship that pioneered Arctic exploration at the turn of the 20th century. The four crew members on Monday afternoon were driven to the launchpad in a caravan of Teslas — the electric cars of Musk's other company — winding through the roads of Cape Canaveral, Florida, with a police escort, as a SpaceX Falcon 9 rocket launched overhead in an unrelated Starlink mission. «We're gonna watch a rocket launch while on our way to a rocket launch,» Wang wrote on X, the social media site owned by Musk, alongside a video of a Falcon 9 climbing the skies to space during their drive. The mission, SpaceX's sixth private astronaut flight, is the company's latest novel effort that expands its dominance in the global human spaceflight arena. It comes as Musk's power as SpaceX CEO and the world's richest man soars as he works as a close adviser to U.S. President Donald Trump, a role that has given him extraordinary influence for a businessman over an array of U.S. policy matters.

US Cybertruck sales fell 32.5% during the January to February period, down to only 2,619 units, reported Auto Blog. Even though CEO Elon Musk had claimed that the Cybertruck is the company's «best product ever,» according to the report.

Elon Musk did not miss the opportunity to take aim at billionaire George Soros after being interrupted by a heckler at a Wisconsin rally on Sunday. While speaking at a town hall event in Green Bay, Wisconsin, on Sunday, Musk's speech was disrupted by an audience member. The Tesla CEO responded by linking the disruption to George Soros and said, “It was inevitable that at least a few Soros operatives would be in the audience… give my regards to George! Say Hi to George Soros for me.”