Elon Musk loses $15 billion in net worth
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Stocktwits on MSNElon Musk-Led Tesla Urges Buyers To Take EV Deliveries Before Sept 30 After Trump Administration Kills $7,500 Tax CreditEV giant Tesla Inc. (TSLA) is urging potential customers to take delivery of their new vehicles before September 30 to qualify for $7,500 federal tax credit. Tesla shares were down 0.4% at the time of writing.
Tesla’s stock price has been falling, and sales are down because of increased competition, an aging product lineup and Elon Musk’s immersion in right-wing politics.
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Dan Ives, an analyst with Wedbush, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.
The predictable unwinding of Elon Musk ’s romance with Donald Trump is obviously bad news for Tesla. Not only has Trump recently scrapped electrical vehicle subsidies, but Musk is now making a show of flirting with his own political party, trying to make Trump jealous. So much for focussing on Tesla!
The legislation has reportedly triggered a furious reaction from Musk, raising questions about whether his political gamble is backfiring — and whether his outrage is personal or purely financial, acc
How the billionaire businessman’s lobbyists helped him get so many state Legislature wins is something of a mystery.
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The New Republic on MSNTrump Threatens to “Take a Look” at Deporting Elon MuskTrump took to Truth Social at nearly 1 a.m. on Tuesday morning to assert that Musk was only against his One Big Beautiful Bill Act because it revokes the electric vehicle mandate that directly benefits Musk’s Tesla corporation. He also posited that DOGE should investigate Musk for the amount of subsidies he’s received from the federal government.
Investor Gary Black, the managing director of Future Fund LLC, says that Tesla Inc. 's TSLA -7.36% Get Free Report Q2 deliveries could miss estimates amid the company's Robotaxi plans in Austin.
Elon Musk ripped into the Senate's massive domestic policy package on Saturday, calling it "utterly insane" and destructive," pointing to provisions in the bill that would raise taxes on many solar, battery, geothermal, wind and nuclear energy projects.
Tesla CEO Elon Musk's plan for a new political party prompted an analyst to recommend Tesla's board board create new "ground rules" to keep Musk focused on Tesla's future.