NEW YORK (AP) — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three…
MIAMI (AP) — Elon Musk fought court cases on opposite coasts Monday, raising a question about the billionaire that could either speed his plan to put self-driving Teslas on U.S. roads or throw up a major roadblock: Can this wildly successful man who tends to exaggerate really be trusted? In Miami, a Tesla driver who…
Shares of Tesla are sliding again Monday as confidence in Elon Musk’s electric car company continues to disintegrate following a post-election “Trump bump.” In afternoon trading Monday, Tesla shares fell $36.66, or 14%, to $226.11. That’s the lowest Tesla shares have traded since late October, reflecting investors’ newfound pessimism as the automaker’s sales crater around…
What’s in a name change, after all? The water bordered by the Southern United States, Mexico and Cuba will be critical to shipping lanes and vacationers whether it’s called the Gulf of Mexico, as it has been for four centuries, or the Gulf of America, as President Donald Trump ordered this week. North America’s highest…
CAPE CANAVERAL, Fla. (AP) — SpaceX suspects a fire may have caused its Starship to break apart during liftoff and send trails of flaming debris near the Caribbean. SpaceX’s Elon Musk said preliminary indications are that leaking fuel built up pressure in the cavity above the engine firewall. The resulting fire would have doomed the…
DETROIT (AP) — Tesla’s third-quarter net income rose 17.3% compared with a year ago on stronger electric vehicle sales, and an optimistic CEO Elon Musk predicted 20% to 30% sales growth next year. The strong performance changed the trajectory of the year for the Austin, Texas-based company, which had seen sales and profits decline in…
AUSTIN, Texas (AP) — A Texas jury will soon decide whether a convoy of supporters of then-President Donald Trump violently intimidated former Democratic lawmaker Wendy Davis and two others on a Biden-Harris campaign bus when a so-called “Trump Train” boxed them in for more than an hour on a Texas highway days before the 2020…