Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow
The electric-car maker’s stock has had a bumpy ride since the victory of President Trump, who has given Tesla’s chief, Elon Musk, a role in Washington.
Read more at The New York Times
-
Elon Musk Is Focused on DOGE. What About Tesla?
Mr. Musk, one of President Trump’s main advisers, has not outlined a plan to reverse falling sales at the electric car company of which he is chief executive.The New York Times - 5d -
White House identifies DOGE administrator amid questions about Elon Musk's role
The administrator of President Donald Trump's so-called Department of Government Efficiency has been identified as Amy Gleason, a White House official said.CNBC - 15h -
‘Dark MAGA’ Spreads as Elon Musk’s Influence Grows
Elon Musk continues to extend his power among constituents and in the government.Inc. - 2d -
With Musk's DOGE role, some Tesla owners rethink their allegiance
Elon Musk's close ties to President Trump is alienating some motorists. Wall Street analysts say that could hurt Tesla.CBS News - 1d -
How does the White House characterize Elon Musk's role in DOGE, government?
Elon Musk is doubling down on his threat demanding federal workers explain what they did last week or lose their jobs. CBS News White House reporter Aaron Navarro and CBS News executive director of ...CBS News - 13h -
Elon Musk rebuffs claims that Tesla could invest in Nissan
Japanese carmaker’s shares rise almost 10% after reports that a group wants US EV firm to put in money. Elon Musk has rebuffed the idea that Tesla could put money into the struggling carmaker ...The Guardian - 5d -
‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk
The tycoon’s links with Donald Trump and Germany’s far-right AfD have slammed the brakes on sales and put the car’s owners in a spin. Tesla sales almost halve in Europe over Musk’s ties to ...The Guardian - 21h -
Tesla's market cap sinks below $1 trillion as stock slumps more than 8%
Tesla shares have dropped dramatically since peaking in December, and Tuesday's decline pushed the company's market cap below $1 trillion.CNBC - 16h -
As Israel uses US-made AI models in war, concerns arise about tech’s role in who lives and who dies
U.S. tech giants have quietly empowered Israel to track and kill many more alleged militants more quickly in Gaza and Lebanon through a sharp spike in artificial intelligence and computing servicesABC News - Feb. 18 -
What 15 Americans Think About Elon Musk and DOGE’s Government Cuts
Americans across the country are deeply split over Mr. Musk, with some welcoming his cuts to government and others outraged at what they see as an abuse of power.The New York Times - 20h -
The Tesla Takedown Has Begun. A National Protest Movement Seeks to Strike a Blow to Elon Musk’s Net Worth
As DOGE barrels through D.C., Americans on the ground are starting to mobilize outside Tesla dealerships.Inc. - 6d -
Chain, chain, chain: political theatre confirms Elon Musk’s Maga hero status at jubilant CPAC
Emboldened and exultant, speakers put less emphasis on baiting liberals and more on spreading the Maga gospel. What do you give the man who has everything? A ballroom full of cheering conservative ...The Guardian - 3d -
Musk’s ‘Doge’ claim about USAid funds for India sets off political firestorm
Apparently baseless claim that $21m was given to help voter turnout seized on by Trump and Modi government . Elon Musk’s “department of government efficiency” has been accused of setting off a ...The Guardian - 2d -
Tesla shares slump after European sales fall
Shares in the US electric carmaker dropped after European sales halved in January.BBC News - 6h -
What Elon Musk Got Wrong About Why Federal Retirement Is Still Managed out of a Limestone Mine
The massive underground facility, which has been used to store archives since the 1960s, remains a crucial but convoluted hub for US government records.Wired - 4d -
Can you trust Elon Musk and his ‘DOGE’ claims about government fraud?
American people deserve answers about what these Washington outsiders-turned-insiders are up toMarketWatch - 2d -
Elon Musk Zeroes In on the I.R.S.
The tech mogul’s cost-cutting initiative is seeking sensitive taxpayer data, drawing concerns about privacy, potential political retribution and more.The New York Times - Feb. 18 -
Why did Tesla sales fall for the first time in 12 years?
Elon Musk's company, Tesla, saw its sales fall by 1% in 2024, despite global electric vehicle sales rising 7.3%. It marked the first time the company's annual sales have fallen in 12 years. CBS ...CBS News - 14h -
Alibaba’s stock falls on expensive AI-investment pledge
The online retailer plans to spend $53 billion over the next three years on AI and cloud technology.MarketWatch - 1d -
What to Know About the Saudi Crown Prince’s Role in Global Diplomacy
The kingdom’s de facto leader, Crown Prince Mohammed bin Salman, was once shunned in diplomatic circles. Now he is playing an important role in negotiations over Gaza and Ukraine.The New York Times - 5d -
US stocks dip amid concerns over tariffs and consumer belt-tightening
All three major stock indexes moved decisively lower, extending sell-off in wake of dour economic reports. US stocks tumbled on Friday, extending a sell-off in the wake of dour economic reports and ...The Guardian - 4d -
Op-ed: Tesla's stock slump is a glimpse of the future of the multinational corporation, and it's not good
U.S. corporations are now viewed abroad as extensions of Trump's American foreign policy, exposing them to backlash. The market damage will get worse yet.CNBC - 19h -
Gottlieb "very concerned" about Texas measles outbreak: "I think this will spread"
"I think that this is going to get into the hundreds of cases and could take many months to fully snuff out," Dr. Scott Gottlieb, the former commissioner of the FDA, said about the ongoing measles ...CBS News - 2d -
Former FDA chief ‘very concerned’ about Texas measles outbreak spreading
Former Food and Drug Administration (FDA) Commissioner Scott Gottlieb said he is “very concerned” about the measles outbreak in Texas spreading. Gottlieb joined CBS News's "Face the Nation” on ...The Hill - 2d -
German politics froze out the far right for years – is this about to change?
Germany's main parties refuse to work with the far right, but the AfD wants to tear the firewall down.BBC News - 1d -
Rivian keeps promise on making a profit, but here’s why the stock is falling
Rivian Automotive Inc. makes good on its promise to get to its first quarterly gross profit and blows past Wall Street estimates for its sales.MarketWatch - 4d -
Market winners can fall hard — as investors in these favorite stocks found out
‘Magnificent Seven’ investors, take note.MarketWatch - 1d -
Trump’s ‘DJT’ stock falls for seventh straight trading session
Trump Media & Technology Group Corp.’s stock fell for its seventh trading session in a row, as worries about inflation and consumer strength continued to weigh on the broad market.MarketWatch - 21h -
US stocks fall as consumer confidence sinks most in four years
Oil prices drop while government bonds climb on worries Donald Trump’s tariffs will hit economyFinancial Times - 16h -
Instacart stock falls as profit forecast comes up short
Shares of Instacart fell after hours on Tuesday, after the grocery delivery app’s forecast for its preferred measure of profit came in below expectations.MarketWatch - 13h -
Bloomin’ Brands’ stock slides as revenue falls short for a sixth straight quarter
The parent company of Outback Steakhouse swings to a loss and offers soft guidance for 2025 amid continued pressure on fast-casual dining.MarketWatch - 1h -
The Showdown Between Elon Musk and Sam Altman
This week, the Uncanny Valley hosts discuss the lawsuits, bidding wars, and power plays over OpenAI.Wired - 5d -
Elon Musk waves 'bureaucracy chainsaw' gifted by Argentina
Argentina's president gifted Elon Musk a chainsaw to symbolise cuts to bureaucracy.BBC News - 5d -
Elon Musk becomes a new power center at CPAC
Elon Musk stole the show at CPAC, a surprise guest who wielded a chainsaw to symbolize his government cuts.NBC News - 4d -
Do Elon Musk and His Father Get Along?
Errol Musk questioned his son’s parenting ability on a podcast, but said that his comments had been taken out of context and that they were on good terms.The New York Times - 4d -
Elon Musk's approach to government spending sparks debate
As head of the Department of Government Efficiency, Elon Musk has taken an aggressive approach to budget cuts. Economist Oren Cass weighs in on whether this strategy is reform or reckless ...CBS News - 22h -
Trump defends Musk as backlash to federal workers ultimatum grows
President intervenes amid first signs of internal dissension as government departments push back. Donald Trump has stepped in to defend Elon Musk from a mounting backlash in his own ...The Guardian - 11h -
Musk's email ultimatum leads to mixed messages: From the Politics Desk
Federal employees started another work week receiving mixed messages from the top after Elon Musk's weekend email ultimatum.NBC News - 1d -
Musk flexes political muscle in Wisconsin Supreme Court race
Elon Musk is flexing his political muscle in the Wisconsin Supreme Court race in an effort to tip the scales in favor of the conservative candidate. The tech billionaire, who has emerged as a key ...The Hill - 1d
More from The New York Times
-
Is Bird Flu the Only Reason Egg Prices Are Soaring?
The nation’s biggest egg producer has seen rising revenues and profits. Now some Democrats are calling for an investigation into pricing practices in the industry.The New York Times - 18h -
White House Moves to Pick the Pool Reporters Who Cover Trump
In announcing plans to hand-select the reporters who can ask the president questions at many events, the White House is breaking decades of precedent.The New York Times - 14h -
Why American Businesses Aren’t Raring to Get Back Into Russia
The White House promised “incredible opportunities” if Moscow ended the war in Ukraine. But Russia’s economy is struggling and the business environment is unpredictable.The New York Times - 2d -
‘Heavyweight,’ an Acclaimed Narrative Podcast, Returns
Pushkin Industries, the podcast company that will release the show, is betting that documentary-style audio programs can still win an audience.The New York Times - 23h -
Dockworkers Vote to Accept New Labor Contract
Workers at East and Gulf Coast ports who went on strike briefly in October ratified a deal that includes a 62 percent raise over six years.The New York Times - 11h
More in Business
-
TJ Maxx parent company posts strong holiday quarter, but issues weaker-than-expected guidance
The company behind T.J. Maxx, Marshall's and Home Goods has seen growth start to slow down, but it's one of the few retailers that could benefit from tariffs.CNBC - 1m -
Budweiser brewer is selling less beer and making more money
The maker of Budweiser increased prices and operated more efficiently.MarketWatch - 12m -
Warren Buffett: You don't need to attend college to be a great CEO—'I never look at where a candidate has gone to school'
When Warren Buffett selects CEOs for Berkshire Hathaway-owned companies, he doesn't care about where they went to college, he wrote in a shareholders letter.CNBC - 16m -
After the Lakers Beat the Mavericks, a Reporter Asked Luka Doncic How He Felt. His Answer Is a Brilliant Lesson in Emotional Intelligence
With his trade to the Lakers, Luka Doncic learned that it hurts to leave a place you love. But he’s learning to deal with it, step by step.Inc. - 21m -
One of my 3 children died — and left behind a child. I also have a second grandkid. What is the fairest way to divide my estate?
“Twenty-five percent each does not seem fair given that one child and grandchild could inherit half of my estate.”MarketWatch - 21m