Musk, Tesla and Trump
Digest more
Elon Musk’s departure from DOGE, his now-strained relationship with Trump, slumping Tesla sales and the drop in the company’s share price have not meant that the Tesla Takedown movement is coming to an end anytime soon,
A new Tesla model – possibly a stripped down Model Y or Model 3 or both – is slated to begin production this month, fueling speculation about what it is exactly.
The electric pickup was supposed to create a halo effect for the brand, but the truck’s reputation has been tarnished by politics and production snafus.
Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company.
For months, Tesla shareholders were tormented by Elon Musk’s role in the administration of President Donald Trump. But any relief brought by his formal government exit last week quickly turned to fear as the electric-vehicle maker’s chief executive traded barbs with his former boss.
Explore more
Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now financially struggling Tesla are arguing for its continuation.
Tesla investors are taking cover in the options market. The put-call ratio for Tesla options jumped to its highest level since late April, according to Cboe Global Markets. That indicates investors are flocking to bearish put options that would pay out if the stock falls,
Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.