Tesla Deals Drop 13% in First Quarter as Elon Musk Backlash and Aging Models Hurt Demand
Tesla sales declined in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers
Tesla
BYD, a Chinese Electric Vehicle Manufacturer, Outperformed Tesla
Chinese electric vehicle (EV) maker BYD has reported annual revenue for 2024 that has leapfrogged rival Tesla.
Violent attacks on Tesla dealerships spike as Musk takes prominent role in Trump White House.
In Trump’s first term, his properties in New York, Washington and elsewhere became a natural place for protest. In the early days of his second term, Tesla is filling that role.
President Trump buys a Tesla in support of ‘Elon’s baby’.
“That’s beautiful,” Trump said, getting into the front seat of a red Model S on Tuesday.
Elon Musk loses $29 billion in a day as Tesla shares take a hit.
The tech-heavy Nasdaq 100 was down 4% overall while the S&P 500 was down 3%.
Trump says will buy a Tesla to show support for Musk.
Tesla has been pummeled this year under competition from rival electric vehicles, particularly out of China, as well as his close association with Trump and with far right causes globally.
Tesla Shares Sink Below $1 Trillion As European Auto Sales Slump.
Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January
Nissan’s stock rose following a report indicating that a Japanese firm might pursue investment from Tesla
Nissan Motor’s shares surged Friday morning after a report emerged that a high-level Japanese group—which includes the country’s former prime minister—has readied a plan to seek Tesla’s investment in the company, just days after the ailing automaker’s merger talks with rival Honda collapsed.
State Dept. expected to buy $400M in Tesla vehicles, documents show
Elon Musk was blasted Wednesday following revelations that the Trump administration plans to spend $400 million on “armored” Teslas in what’s reportedly the State Department’s biggest contract of 2025.
While US Slept Today, Markets In Asia And Europe Gained As The Dollar Strengthened
In economic data, U.S. jobless claims fell to 207,000, beating estimates, while economic growth slowed to 2.3% in Q4, down from 3.1% and below expectations of 2.6%. President Trump confirmed 25% tariffs on Canadian and Mexican imports starting February 1.