Tesla Financial News

A March CNBC Fed Survey put the probability of recession at 36%, up from 23% in January. J.P. Morgan’s chief economist put the odds at 40%.

Subscribe to enjoy similar stories. Chinese electric vehicle (EV) maker BYD, short for Build Your Dreams, has eclipsed Elon Musk’s Tesla in annual revenue.

Jeremy Clarkson has taken aim at Tesla CEO Elon Musk. The Top Gear host had just one word to say on the problems Tesla has been facing recently. Clarkson called Elon Musk an «idiot» and attributed the backlash against Tesla as «payback.» In 2008, Clarkson gave a harsh evaluation of the Tesla Roadster on BBC’s Top Gear viewers, starting a feud with Elon Musk. A BBC segment depicted the vehicle experiencing brake issues at 55 miles. The review led Elon Musk to file a lawsuit against the BBC. The legal proceedings did not change Clarkson's point of view regarding the vehicle.

Jade Cargill lost her first match post the WWE Elimination Chamber 2025 when she faced off against the Women’s Tag Team Champion Liv Morgan in Bologna last week. Her upcoming storyline hints at an intense competition with Morgan and Naomi. WWE added Cargill to their talent roster in September 2023, and she immediately established herself as a prominent figure in pro wrestling.

BYD has reported impressive growth for 2024, surpassing Tesla in revenue. The company earned 777.1 billion yuan ($107.2 billion), significantly higher than Tesla's previously reported revenue of $97.7 billion. BYD also posted a net profit of 40.3 billion yuan, a 34% increase from 2023, marking a record high. In January, the company revealed that it sold nearly 4.3 million vehicles last year, a 40% increase over the previous year. The Chinese company’s strong results come at a time when Tesla is struggling, with a 71% drop in net income for the fourth quarter of 2024. Tesla's profits fell to $2.32 billion, down from $7.93 billion, as reported by CNBC in late January.

Elon Musk donned a new MAGA hat with the greatest message for President Donald Trump at a Cabinet meeting. Musk recently attended the second cabinet meeting of Donald Trump and once again dominated the headlines with his choice of attire. Generally, Elon Musk is seen wearing the signature red 'Make America Great Again' (MAGA) hat at official meetings. But at this meeting, he was seen wearing a red baseball cap that read "Trump was right about everything". The Tesla CEO paired the cap with a black suit jacket over a plain black shirt— again a contrast to his previous appearance at a cabinet meeting last month. Musk was the only attendee at the Cabinet meeting on Monday afternoon to sport the hat with the big statement. ALSO READ: Inside Trump aide and Elon Musk's secret meeting on how they aim to transform federal spending He also wore a black suit jacket over a black shirt, similar to his attire at a Cabinet meeting last month when he wore a ‘tech support’ shirt under a suit jacket and a dark MAGA hat.

As competition grows, and ahead of the launch of its new Model Y mid-size SUV, Elon Musk's battery-electric (BEV) brand has sold 42.6% fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association (ACEA) showed. Tesla commanded 1.8% of the total market and 10.3% of the BEV market in February, down from 2.8% and 21.6% last year respectively. It sold fewer than 17,000 cars in the European Union, Britain and European Free Trade Association countries, compared to over 28,000 in the same month in 2024. Tesla currently faces a number of challenges in Europe. The EV maker has a smaller, ageing lineup while traditional automaker rivals and new Chinese entrants alike continue to launch new, often cheaper electric models.

Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners. U.S. President Donald Trump said automobile tariffs are coming soon, and said he may give «a lot of countries» breaks on tariffs, but provided no details.

Nasdaq notches third-biggest rise this year The last full trading week of the quarter got off to a roaring start across most major stock markets on Monday, with investors buoyed by reports that the Trump administration's tariff blitz scheduled for April 2 may not be as heavy as feared. A solid pick-up in U.S. business activity helped cement the positive tone on Wall Street, and investors bought back some of the shares they'd aggressively sold off recently like Big Tech. Europe ended largely flat, but benchmark Asian, U.S. and global equity indices all rose sharply. Bond yields spiked higher, while 'safe-haven' gold fell for a third day to clock its longest losing streak since November.

Apple, Tesla and Ford Motor are among companies contributing the most to recently lowered estimates for the quarter, along with some insurers, whose projections have been hurt by fires in California early this year, according to Tajinder Dhillon, senior research analyst at LSEG. S&P 500 forecasts for the first quarter of 2025 have fallen by 4.5 percentage points since January 1, the largest downward revision since the fourth quarter of 2023, he said. Earnings growth for S&P 500 companies is now seen at 7.7% year-over-year, which would be the lowest since 2023's third quarter and a big decline from 17.1% in the fourth quarter of 2024, based on Friday's LSEG data. While a handful of companies have already reported on the quarter, the unofficial start of the first-quarter season is still weeks away.

The Bot Company, a robotics startup founded by Kyle Vogt, the former cofounder and CEO of autonomous vehicle company Cruise, has raised $150 million in funding. The round, which valued the startup at $2 billion, was led by global investment firm Greenoaks, Reuters reported, citing anonymous sources. Vogt co-founded the company with Paril Jain, who previously led the AI tech team at Tesla, and Luke Holoubek, a former software engineer at Cruise.

That's the promise, misleading for some, of "vibe coding," the latest Silicon Valley catchphrase for an advance in generative AI that some say makes computer programming as simple as chatting online. «You fully give in to the vibes, embrace exponentials, and forget that the code even exists,» OpenAI cofounder and former Tesla employee Andrej Karpathy described in early February, in a message posted on X (formerly Twitter), using the term for the first time.

Subscribe to enjoy similar stories. UNTIL RECENTLY Elon Musk had little need to look over his shoulder. He once described competition for Tesla, his electric-vehicle (EV) company, as “the enormous flood of gasoline cars pouring out of the world’s factories every day", rather than the “small trickle" of other EV-makers.

Subscribe to enjoy similar stories. India has been playing nice with America’s Donald Trump administration. So too with EV-maker Tesla and the satellite services arm of SpaceX, both led by Elon Musk, who is widely seen as President Trump’s confidant, a billionaire shaking up the US by taking a chainsaw to its government under the Department of Government Efficiency.

In a post on X, Mario Nawfal claimed, «Reports out of Schaumburg confirm what many Tesla owners are seeing firsthand—Service Centers are slammed. According to a Tesla employee on the ground, demand is so high, they’re barely keeping up. Tesla vehicles are flying off the shelves faster than ever, with new buyers flooding in and pushing service teams to the limit. Wait times are climbing, bays are full, and the buzz is real—Tesla’s growth isn’t slowing down anytime soon.» His post was also shared by none other than Tesla CEO Elon Musk. Earlier reports claimed that the used Tesla market is crumbling amid a wave of protests against Musk's role as an adviser to U.S. President Donald Trump.

The out-of-the-blue notice, posted through a Teams chat and X livestream invite link, got many employees puzzled about what was happening, as per the report. The EV maker invited its staff with a message saying, «Join the Company All Hands to hear about Tesla's recent achievements and how we're making the impossible possible,» as per Business Insider.

Elon Musk’s Tesla. The tariff, imposed last fall alongside U.S. measures, aimed to protect Canada’s emerging EV sector. However, retaliatory Chinese tariffs on Canadian agricultural exports, effective this week, have intensified pressure to recalibrate trade strategies.

Tesla trade-ins at dealerships (excluding Tesla’s own trade-in program).

Chinese equities this week — the largest weekly inflow since October 2024 — as blockbuster rallies in electric vehicle giant BYD and Chinese AI firms reignited confidence in China’s market rebound, driving global fund managers to ramp up their bets on Asia’s biggest economy.

Subscribe to enjoy similar stories. Attempts to build a global auto empire hark back to the 1910s and 1920s, when Henry Ford set up factories in Britain and Germany for the Model T, and General Motors responded by buying foreign carmakers. A century later, this ambition remains at risk of being run off the road.

Donald Trump announced on Friday that individuals caught damaging Tesla vehicles could face imprisonment for up to twenty years. He shared this information through a post on Truth Social. Trump's Truth Social post stated, «People that get caught sabotaging Teslas will stand a very good chance of going to jail for up to twenty years, and that includes the funders. WE ARE LOOKING FOR YOU!!!» This announcement follows US Attorney General Pam Bondi's declaration that recent aggressive attacks on Tesla property constitute domestic terrorism. She promised thorough investigations with strict penalties for all participants, including those who organise and finance these activities. Bondi declared, «The swarm of violent attacks on Tesla property is nothing short of domestic terrorism. The Department of Justice has already charged several perpetrators with that in mind, including in cases that involve charges with five-year mandatory minimum sentences.»