Musk, Tesla
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The stock price of Tesla dropped sharply Thursday, declining about 8% in morning trading. It is now down more than 36% from its December high. Revenue was $22.5 billion for the three months ending June 30, down 12% from a year ago, while earnings were 40 cents per share, down 23% from a year ago.
Tesla has said it will build cheaper cars and win approval for its self-driving software in Europe this year after seeing sales fall at the sharpest rate in at least a decade. Elon Musk's electric car firm told investors it had started "first builds of a more affordable model in June" while posting a slump in car deliveries and shrinking profits.
President Trump on Thursday denied wanting to harm tech billionaire Elon Musk’s businesses, amid questions over if he supports federal agencies working with the Tesla CEO’s companies.
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Trump denies wanting to destroy Elon Musk’s companies as Tesla shares plungeDonald Trump offered support to his one-time ally Elon Musk in a surprising post as shares in the electric vehicle company crumbled on Wall Street.
Elon Musk's companies have benefited from government contracts, including SpaceX through its relationships with the Pentagon and NASA.
US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, ...
Tesla CEO Elon Musk didn't appear to like Wedbush analyst Dan Ives' suggestion that the company should rein in Musk's time spent on politics.
Tesla, the U.S. leader in electric vehicle sales, was not among the auto companies represented at the White House. Company CEO Elon Musk wrote on Twitter that it “seems odd” Tesla wasn’t ...
General Motors CEO Mary Barra speaks during a meeting with U.S. President Joe Biden at the White House on January 26. Getty Images. A few hours before Tesla reported record profit and sales for ...
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InvestorsHub on MSNDow Jones, S&P, Nasdaq, Markets rise on U.S.-Japan trade deal; eyes on Alphabet and Tesla earningsU.S. stock futures climbed Wednesday amid optimism following a new trade agreement between the United States and Japan. The White House described the pact, which imposes a lower tariff rate on Japanese imports than originally announced by President Donald Trump,