Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in the world.
The S&P 500 dropped sharply during the last half hour of trading but then erased most of its decline, with the action coming as President Donald Trump offered fresh comments about 25% tariffs on Canada and Mexico.
Since it’s been making electric vehicles, Tesla Inc. has raked in almost $12 billion straight from the coffers of its competitors. If Donald Trump gets his way, that revenue stream won’t flow quite as quickly the next few years.
Amidst political tensions, President Trump criticized the Biden administration for leaving astronauts Sunita Williams and Butch Wilmore aboard the ISS. Elon Musk has stepped in, stating SpaceX will bring them home,
Federal agencies have offered exits to millions of employees and tested the prowess of engineers — just like when Elon Musk bought Twitter. The similarities have been uncanny.
Mexico is the largest importer of U.S. corn, accounting for 40% of all current U.S. export commitments, Jake Hanley, managing director and senior portfolio specialist at Teucrium, told MarketWatch, citing data from Standard Grain and the U.
Honda Motor said on Wednesday it will boost its investments in three Ohio auto plants by $300 million to have flexibility to build EVs, hybrids and gas-powered vehicles on the same assembly line. The Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now lifting that to $1 billion,
The government’s human resources agency also said it would begin subjecting all federal employees to “enhanced standards of suitability and conduct” and ominously warned of future downsizing.