Tesla has made billions off the electric cars its rivals aren't selling, but Trump's anti-EV policies have put that revenue stream under threat.
Tesla's profitability and revenue growth are under pressure, with high interest rates and fierce competition from BYD. Learn more about TSLA stock here.
Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
Tesla reported fourth-quarter revenue and adjusted profit below analysts' estimates. Shares initially fell and then rose after the results' release.
President Donald Trump took aim at federal and state support for electric vehicles on his first day in office. But it’s not clear he has the power he’s claimed on the topic.
Elon Musk said Tesla will begin launching unsupervised self-driving models in Austin, Texas by June and several other U.S. cities by the end of 2025.
He was referring to dispute Trump’s executive order — one of a slew he has signed since taking office on Monday — that calls for the elimination of the “electric vehicle mandate.” Fanjoy and some market watchers feel government and industry investments in EV technology have moved too far along for Trump's order to have much influence on reining in sales over the long term.
Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday.
Despite the statement from President Trump, NASA had already scheduled the astronauts' return for late March or April.
Tesla is set to report earnings Wednesday for the first time since President Donald Trump -- a close ally of CEO Elon Musk -- returned to the White House.
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday.