Elon Musk Just Revealed Tesla’s Future
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President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings.
Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."
The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter.
Musk's electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared.
1don MSN
Tesla owners will be able to earn money by adding cars to self-driving robotaxi fleet, Musk says
The Tesla CEO said the company expects to expand their autonomous driver service to include customer-owned cars.
The Tesla Supercharger Diner opened Monday in West Hollywood and Elon Musk is already teasing a Texas expansion.
1don MSN
Tesla’s stock fell 8% after its poor Q2 report, but the ‘Musk Magic’ premium is still sky-high
Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.
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