Musk, Tesla and Donald Trump
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Tesla's going through a bumpy ride. Auto sales are falling, the Trump administration is rolling back on EVs and the company sold bitcoin at a really bad time.
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Motoring USA on MSNTrump Responds as Musk Warns of "Rough Quarters" at TeslaDonald Trump has denied he is to blame for Tesla's recent downturn, pushing back against suggestions that rolling back electric vehicle subsidies would harm Elon Musk's company. "Everyone is stating that I will destroy Elon's companies by taking away some,
Musk insisted that his companies are not receiving any special government subsidies, as he appeared to dismiss the chance for a potential detente in his feud with Trump.
President Donald Trump said on Thursday that he won't touch the federal subsidies Elon Musk's companies are enjoying because he wants Musk to continue to prosper. Musk, however, begs to differ. "The 'subsidies' he's talking about simply do not exist,
Motoring USA on MSN14h
Tesla Takes Aim at Trump's Tariff PoliciesElon Musk-owner Tesla has taken aim at President Donald Trump's policies on auto tariffs and the EV market in their latest public statement. Here's what they said and whether they right to attack the President.
Tesla Inc. warned that provisions in President Donald Trump’s $3.4 trillion fiscal package will pose meaningful challenges for the EV maker in the next several months.
The Trump administration’s spending bill “has a lot of changes that would affect our business in the near term,” said Vaibhav Taneja, Tesla’s chief financial officer.
Shares of the EV maker fell after earnings. Some analysts are skeptical of Tesla’s ability to meet its robo-taxi timelines, cost targets and scale.