Elon Musk announced the formation of his new political party a day after conducting a poll on his social media platform, X. But this isn’t the first time Musk has outsourced his decision-making to social media. The Tesla and SpaceX CEO has conducted several polls on X over the years. Musk has asked users whether…
Elon Musk has returned to bashing the GOP budget bill in recent days, and in doing so, has reignited his fight with President Donald Trump. In one long-time investor’s view, it’s bound to create even more challenges for the company, which just reported another quarter of weak vehicle deliveries. Ross Gerber, the CEO of Gerber-Kawasaki…
U.S. stocks experienced one of their strongest days ever, fueled by a surge of optimism on Wall Street after President Donald Trump announced a temporary retreat from most of his planned tariffs—just the kind of news investors had been eagerly anticipating. The S&P 500 jumped 9.5% on Wednesday, a gain that would typically represent a…
Automaker stocks here and abroad are getting smoked following President Trump’s big move to impose 25% tariffs on foreign autos and certain auto parts. But one automaker is up — Tesla. Tesla (TSLA) stock jumped 5% in early trade as rivals GM (GM) tumbled nearly 7% and Ford (F) 3%. Beyond the obvious connection between…
Tesla, Elon Musk’s electric car company, has seen its share price fall by almost half since its December highs (as traders eye a Federal Reserve “big catalyst”). Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000% plus…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Can a moonshot company escape its leader’s political baggage? What if the company’s success is in part bound up in that polarizing activity? Elon Musk is back in reassurance mode, professing his overarching…
Tesla stock (TSLA) led gains among the “Magnificent Seven” on Monday, surging nearly 12% amid investor optimism that President Trump’s tariff plans may not be as wide-reaching as previously anticipated. Reports that Trump will hold off on bringing in levies on the auto sector on April 2 eased worries that Tesla’s bottom line would be…
Tesla (TSLA) CEO Elon Musk held an impromptu company all-hands Thursday night, giving an update on the progress of a number of products while also attempting to assuage fears that the CEO is ignoring his post. Tesla stock has been in free fall since the start of the year, with sales slipping in key regions…
Shares of China’s BYD, an automobile manufacturer, soared on Tuesday after the company unveiled a new “Super e-Platform” technology, which it claims can charge electric vehicles (EVs) nearly as fast as filling a gasoline car, within five minutes. The system boasts a peak charging capacity of 1,000 kilowatts (kW), allowing compatible vehicles to gain 400…
Tesla (TSLA) was under pressure again on Tuesday, falling as much as 3.8% in midday trading as a slew of competitors in China announced updates that again signaled competition on the mainland ramping up for the EV giant. Tuesday’s loss follows a 5% drop for Tesla stock to start the week, and shares are now…