Trump says he wants Elon Musk to 'thrive'
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Wall Street may be skeptical about Tesla’s upcoming quarters, but CEO Elon Musk made four surprising announcements that could be game-changers — if they prove true.
The Tesla CEO hosted an earnings call once more long on promises and short on specifics, especially regarding his month-old robotaxi service that has logged only 7,000 driverless miles.
Tesla Inc. is in a sales slump, with deliveries of its electric vehicles on track to decline for the second full year in a row. Chief Executive Officer Elon Musk has warned that there could be “a few rough quarters” ahead for the company amid the loss of purchase incentives in the US.
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Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.
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.
Company points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.
Vine Coin (VINE), the native cryptocurrency of the now-dormant Vine video app, logged a significant rally in the last few hours. The surge in the token's price was triggered after Tesla CEO Elon Musk indicated his plans to resurrect the app after it went into hibernation in 2017.
“Elon knew it! He knew it! I always said. I always said that he’s a good guy who’s right about everything,” Colbert said with obvious sarcasm. “I mean, everything. It is a great idea to name a baby 420 Kleep-Klorp 69.” “And this is obviously the most beautiful shape for a car,” Colbert added as a photo of a Tesla Cybertruck appeared on screen.