Elon Musk's Tesla Diner is now open
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Elon Musk says Tesla could hit a $20 trillion valuation with “extreme execution.” But with earnings slipping and Bitcoin holdings limited, is that even realistic? Here's the math behind the moonshot.
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The Tesla CEO said the company expects to expand their autonomous driver service to include customer-owned cars.
A man suspected of scratching an "X" on a Tesla Model 3 with a box cutter in Miami's Little Haiti has been taken into custody, according to Miami police. Frantz Brandt, 70, was arrested Thursday after being spotted by police at a bus stop at NW 2 Avenue and NW 64 Street. He's been charged with criminal mischief.
Tesla reported a major stumble in Q2, which has its investors fretting over the future. Sales tanked 12% year-over-year to $22.5 billion, while net income slid 16% to $1.17 billion. On top of that, adjusted EPS dropped 23% to just 40 cents, underscoring soft momentum that’s been weighed down by waning EV demand.
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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 is facing a rough path ahead and will likely struggle unless Elon Musk fixes his public image, longtime investor Ross Gerber says.
Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground.
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.
Tesla Inc.’s core car-making business is facing a deteriorating outlook, providing a major test of Chief Executive Officer Elon Musk’s ability to lift the stock price with his vision of a self-driving future.
On an event page for a "Tesla Diner SoCal Protest," the organizer, Tesla Takedown, points to Musk's handling of X, saying it boosts conspiracy theories and extremist views. The page also calls out Tesla's Full Self-Driving feature as "fraud."