Tesla Financial News

Donald Trump has declared his support for Tesla CEO Elon Musk by announcing his intention to buy a “brand new” Tesla. The move comes as Musk faces mounting political criticism and financial setbacks. In a late-night post on Truth Social, Trump wrote, “I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American. Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???” Musk, who has financially backed Trump’s political ambitions and now plays a senior role in the administration, responded with a brief but telling, “Thank you, President.”

Elon Musk, the platform's owner, stated that a massive cyberattack was responsible for these outages.

Elon Musk’s latest claim—that billionaire Reid Hoffman secretly funded protests against Tesla—has ignited a high-stakes war of words in Silicon Valley. But in a swift rebuttal, the LinkedIn co-founder has dismissed Musk’s allegations as pure fiction, calling them yet another in a long list of «false claims.» The drama unfolded on X (formerly Twitter), where Musk accused Hoffman of financially backing groups organizing anti-Tesla demonstrations. Hoffman wasted no time in setting the record straight. «Just one more of Elon's false claims about me: I never funded anyone for Tesla protests. I don’t condone violence. But it's clear Americans are angry at him—it’s easier to explain away their anger than to accept that actions have consequences,» Hoffman wrote in response to Musk’s tweet.

Kia Norway poked fun at Tesla and its CEO Elon Musk in an Instagram post which has gone viral. The South Korean automaker uploaded an Instagram photo of one of its EV3 electric vehicles, with a sticker that says, «I bought this after Elon went crazy,» reported Times of India.

Subscribe to enjoy similar stories. Tesla CEO Elon Musk suggested the U.S. exit the North Atlantic Treaty Organization, or NATO.

Tesla Inc., the company that comes to mind when most people think about electric vehicles, may have had its best days in China, the world’s biggest and most advanced EV market. Elon Musk’s automaker has been backsliding in China for the past five consecutive months on a year-on-year basis, according to data from the country’s Passenger Car Association. Tesla’s shipments plunged 49% in February from a year earlier to just 30,688 vehicles, the lowest monthly figure since way back in July 2022, when it shipped just 28,217 EVs — and that was in the middle of Covid.

Chinese investors are funneling tens of millions of dollars into private companies controlled by billionaire Elon Musk, using an arrangement that shields their identities from public view, the Financial Times reported on Sunday. The investments are being placed through special-purpose vehicles to avoid the ire of U.S authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions. Three Chinese-backed asset managers told the Financial Times that they had sold more than $30 million of shares in SpaceX, xAI and Neuralink, three Musk-controlled private technology companies, to investors over the past two years.

Elon Musk and make handsome profits without irking Donald Trump, reports say. Wealthy investors from China are channeling tens of millions of dollars into private enterprises under billionaire Elon Musk's control, through a strategy that keeps their identities concealed, Reuters reported on March 9 citing the Financial Times. This influx of capital is being funneled through special-purpose vehicles to circumvent the scrutiny of U.S. authorities and companies that are cautious about Chinese investment amid strained relations between the two nations, according to asset managers and investors involved in these deals.

Elon Musk is a tech billionaire, entrepreneur and an innovator and has been dominating the headlines recently due to his involvement in various important projects, influence in technology and space exploration missions. Musk, the richest man in the world, currently has a fortune of about $330 billion, a significant 24% decrease from the start of the year, according to the Bloomberg Billionaires Index. The boss of X (formerly Twitter), Tesla, SpaceX, Neuralink and The Boring Company Elon Musk has used his platform to make his views known on a vast array of topics. Musk is US President Donald Trump's choice to lead Department of Government Efficiency (DOGE), a new advisory body to cut US government jobs and other federal spending.

Subscribe to enjoy similar stories. After President Trump was elected, investors got very excited about all the nice things he’d promised and forgot about stuff that would be bad for stocks. Now they are very anxious about all the stuff that is bad for stocks and have forgotten about the nice things.

Tesla. But the vehicle ended up getting decked up for the “vaahan pooja”, which made the internet call it a “pookie cybertruck.” A Pune-based X-user, Ashishh shared a photo of a shiny brand new Tesla car. But what grabbed the eyeballs of the internet and left them amused was the flower display on it, proving that the vehicle may have become futuristic, but traditions remain intact. He tweeted the photo on X and wrote, “When your Tesla is futuristic, but your mom insists on Indian traditions.” The tweet has amassed more than 3 lakh views on the micro-blogging site.

BNP Paribas has secured a prime office space in Mumbai’s business district Bandra Kurla Complex (BKC), leasing a ground-floor unit in a commercial complex at a monthly rental of Rs 811 per sq ft, making it one of the most expensive commercial property deals in the country. ET has reported earlier this week that Elon Musk-owned electric vehicle (EV) maker Tesla Inc leased space in BKC at monthly rentals of Rs 881 per sq ft setting a new national record surpassing the earlier benchmark set by Apple Inc at Rs 738 per sq ft in January. The BNP Paribas’ lease agreement was finalized on February 18, with the five-year lease tenure set to commence later this year on August 16. The bank will occupy a 3,497 sq ft chargeable area in Maker Maxity’s 1 North Avenue, paying a total rent of Rs 28.36 lakh per month to the landlord, Neelammegha Investments and Trading Company.

Subscribe to enjoy similar stories. Few brands have their image as closely tied to their CEO as Tesla. For most of the electric-car maker’s history, that was good for business.

Elon Musk's electric car maker Tesla, which has been actively exploring opportunities to enter the Indian market, is opening a showroom in Mumbai’s upscale business district Bandra Kurla Complex (BKC) to sell its imported cars. Tesla has plans to set up a manufacturing plant in Maharashtra. The most popular electric car brand in the world has long been seen as a heavyweight which will disrupt Indian's nascent electric vehicle (EV) market. But Indian automaker don't seem to be scared of Musk's India venture. JSW Group Chairman Sajjan Jindal has doubted Musk’s ability to crack the Indian market, asserting that local giants Tata Motors and Mahindra & Mahindra are now deeply entrenched. JSW Group has a JV with China's SAIC Motor, JSW MG Motor India Pvt. Ltd, which sells EVs such as MG Comet EV, MG ZS EV, MG Windsor EV, MG 4 EV, and MG M9 EV. It is planning to launch several new EV models in 2025, including the Cyberster, an electric sports car. India's EV sales are merely 2.5% of the total passenger vehicle sales. Can Indian EV makers take on the world's biggest EV brand while they are still in their infancy?

DOGE administrator Elon Musk recently took to X to ridicule a group of Democratic Senators for featuring in, and sharing, near-identical videos to blame President Donald Trump for a rise in inflation. The posts were shared after Trump’s address to the Congress. The video montages, which open with the same footage of Trump promising to «bring prices down starting on day one», were shared by at least 22 Democratic lawmakers. The clips show the politicians criticising Trump’s policies and claiming that inflation has risen instead of going down in his term.

Subscribe to enjoy similar stories. What do Sam Altman and David Sacks have in common? Certainly not politics. Mr Altman, co-founder of OpenAI, is part of the transition team of Daniel Lurie, the Democratic mayor-elect of San Francisco.

European Commission's proposal to ease emission targets would enable struggling automakers to keep profits flowing from fossil fuel models but could potentially stall Europe's shift to electric vehicles and climate progress. European car companies, already beset by Chinese competition, had been warning that they would struggle to meet the ambitious 2025 carbon dioxide (CO2) reduction target, which exposed the sector to hefty fines. The European Union's executive arm proposed on Monday to give automakers three years to meet the target, a change that must now be approved by EU states and the bloc's parliament.

Elon Musk? The simple answer is-Yes. As stock of Tesla continues to decline, the investors of the company are not pleased that their precious stock is taking a nasty hit and have expressed growing frustration with the same, marking its sixth consecutive session of losses. The automaker's shares fell for six straight days as of Thursday, continuing a remarkable decline of 25 percent since the start of the year. The losing streak finally came to an end on Friday, but it's a small reprieve amidst a lengthy slump. ALSO READ: Trade war and inflation: How Trump's tariffs on China, Canada and Mexico will ripple US economy