Tesla Financial News

Elon Musk and spoke at length about India’s role in global technological advancement. Noting that his recent meeting with Musk was warm and personal, Modi recalled his decade-long association with the Tesla boss. «I've known him since my time as chief minister. He was there with his family and children, so naturally the atmosphere felt so warm and friendly. Of course we had discussions and we talked about many different topics,» PM Modi said in the MIT podcast. The Prime Minister also praised Musk’s DOGE (Department of Government Efficiency) Mission, saying it reflects a shared spirit of innovation. «Of course, we had discussions and we talked about many different topics. Now, with his DOGE mission, he is incredibly excited about how it's progressing and honestly, it makes me happy, too,

In a letter sent on Tuesday (11 March) to US trade representative Jamieson Greer, Tesla said it «appreciates» the chance to consult on trade arrangements but warned that «exporters are inherently exposed to disproportionate impacts when other countries respond to US trade actions».  The letter, which was sent unsigned, added that some of the US' past trade actions have led to «immediate reactions by the targeted countries», including increased levies on electric vehicles (EVs) imported into those countries.  US equities tentatively recover as EU and Canada threaten to hit back at Trum...

Elon Musk appeared on the verge of tears during a recent Fox Business interview, visibly distressed as he discussed the mounting challenges facing his companies. Speaking with Larry Kudlow, Musk admitted that managing multiple businesses had become «extremely difficult», as Tesla's stock plunged 15.4%, marking its biggest drop since September 2020. Meanwhile, X (formerly Twitter) continued to struggle with technical and operational setbacks. The global slowdown in electric vehicle (EV) demand has further intensified Tesla’s troubles.

U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs. The Tesla comments reflect those of many U.S. businesses concerned by Trump's tariffs, but is notable because it is from Tesla. Tesla CEO Elon Musk, a close ally of Trump, has been leading the White House effort to shrink the size of the federal government. The billionaire heads up the so-called Department of Government Efficiency. The comments were made in a letter to the U.S. Trade Representative's Office and available on the office's web site. Dated Tuesday, it is among hundreds sent by companies to the office about U.S. trade policy. It is not clear who at Tesla wrote the letter, which is unsigned but is on a company letterhead. Tesla did not immediately respond to a request for a comment.

Department of Government Efficiency (DOGE), launching a venture to address tech gaps left by mass layoffs and dissolved federal teams. Cuban, a vocal Trump critic, is funding startups led by former staffers from the General Services Administration (GSA) and White House tech units like 18F and the US Digital Service (USDS). These teams, once tasked with modernizing critical systems like Login.gov (used for Medicare and Social Security access), were gutted after being labeled “non-critical” by the Trump administration.

Reports that Elon Musk intended to give $100 million to MAGA super PACs surfaced just hours after Donald Trump declared he would purchase a Tesla, stoking conjecture about their connection, as per a report by The Independent.

US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing «severe resource shortfalls in terms of both money and personnel.» Jonathan Cohen, an attorney for the FTC, told US District Judge John Chun during a hearing that the agency faces a «dire resource situation» amid cost cutting measures enacted under President Donald Trump's administration. «We have lost employees in the agency, in our division and on our case team,» Cohen said. Cohen's statements are the first clear indication of how large-scale efforts led by Trump advisor and Tesla CEO Elon Musk to shrink government are affecting the FTC, which enforces consumer protection and antitrust laws.

Vivian Wilson, Elon Musk's estranged trans daughter, has made a bold claim regarding her father's use of IVF. In a viral post, she claimed that Musk used the procedure to conceive only boys, causing controversy over his parenting choices and escalating their already strained relationship.

Dan Ives has been Tesla's biggest cheerleader for years, but surprisingly even Ives has sounded the alarm over CEO Elon Musk's increasing forays into politics and other business interests appear to be hurting the company, according to a report.

The five billionaires, whose net worth fell are; Elon Musk, Jeff Bezos, Sergey Brin, Mark Zuckerberg, and Bernard Arnault, according to the Bloomberg report.

Subscribe to enjoy similar stories. Tesla shares were at a five-month low, Tesla showrooms in the US are being vandalized, Tesla cybertrucks were set on fire in Seattle, and the electric vehicle maker’s sales are down in the US and Europe. That US President Donald Trump has bought a Tesla car might seem like good news, signalling support at the highest level.

SYDNEY: When Australian Dick Friend bought a Tesla in 2015, he was so impressed with its environmental credentials and performance that he and his wife bought two more of the electric vehicles, plus shares in the Elon Musk-led company. Now, however, he is selling his Tesla stock and will not replace one of his cars, wrecked in an accident last year, citing his objections to Musk's right-wing tilt and his growing role in the administration of Donald Trump. «The cars are brilliant, but we don't like the direction of the owner and we're voting with our feet,» said Friend, who splits time between homes in Hobart and Melbourne. Tesla sales in the four months since Trump's election were down 35% compared with the same time last year, according to data from Australia's Electric Vehicle Council, with a spate of vandalism in Australia and New Zealand over the last week also adding to evidence of contagion from Musk's role in the Trump administration.

Elon Musk in a high-profile event at the White House on Tuesday. The transaction took place on the South Lawn, where several Tesla models, including the Cybertruck, were on display. The President’s purchase was seen as an endorsement of Musk and his work, at a time when the billionaire is facing significant opposition. Trump, seated inside the Model X, admired the vehicle, stating, «That's beautiful.» He later pointed to the model and confirmed it as his choice. Musk, who also serves as the head of the Department of Government Efficiency (DOGE), showed the President around the vehicles, highlighting the Cybertruck’s bulletproof exterior. But experts warn the unusual presidential backing of a private company could backfire. “Tesla is becoming a political symbol of Trump and DOGE, and that is a bad thing for the brand,” said Wedbush Securities financial analyst Dan Ives, referring to the advisory group in charge of cutting government spending led by Musk. “You think it’s helping, but it’s actually hurting.”

Subscribe to enjoy similar stories. The debut of Starlink’s satellite internet services in India has been a matter of much anticipation.

House Speaker Mike Johnson, faced a DUI arrest following erratic behavior after former President Donald Trump’s recent speech to Congress. According to a police report, Haynes struggled with basic tasks during the incident, raising questions about his condition that night.

Mark Kelly on Tuesday trained his guns at Elon Musk, who also heads the Department of Government Efficiency (DOGE), after the billionaire slammed his post on Ukraine. In a recent interview, Kelly suggested that the billionaire only owes allegiance to his own «checking account» and «pocket book» and to «ruining the life of veterans».

Donald Trump has asked his former chief strategist, Steve Bannon, to stop his public assaults on billionaire Elon Musk and broker a private meeting between the two, as per a report.

The majority of the stocks in the S&P 500 are already in correction territory as the sell-off on Wall Street continues to drag the benchmark closer to that key threshold.

Tesla CEO Elon Musk seemed to be visibly uncomfortable and almost close to tears during a Fox News interview when questioned about the performance of his businesses. Musk told Fox Business that he was running so many businesses 'with great difficulty' as shares of his automotive company Tesla suffered their worst drop in a half-decade and as his social media firm X experienced several outages. Musk also said during an interview on Fox Business that he expected to remain in the Trump administration for another year. Musk's company Tesla, his electric vehicle company, experienced a significant drop in share prices and a global decline in sales. The company's shares have tanked by 15.4 precent, marking its steepest fall since September 2020. ALSO READ: Eliminated 25 years ago, this highly contagious viral illness is on the rise in US: Check its symptoms

Billionaire investor Ron Baron is standing by Elon Musk's Tesla even in the face of its dramatic sell-off. The stock plunged 15% on Monday, its biggest one-day loss since September 2020.