Asian shares declined despite Wall Street's rebound as investors awaited further developments in trade wars. Meanwhile, a study found that crafting boosts happiness and life satisfaction more than employment.
Tesla sales in Australia and New Zealand have dropped 35% due to declining demand and vandalism of dealerships, with customers rejecting Elon Musk's political ties. Global competition from brands like BYD is also contributing to Tesla's challenges.
Tesla's San Francisco showroom is operating without permits, while Ukraine admits attacking Russia’s Druzhba pipeline with drones, disrupting oil supplies to Hungary. Meanwhile, SpaceX postpones a mission due to a hydraulic issue.
Tesla's market value has dropped nearly 49% in recent months, with JPMorgan analysts noting this decline is unprecedented in automotive history. The fall is linked to sagging sales and concerns over Elon Musk's focus on political roles rather than company leadership.
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The European Union announced retaliatory trade actions targeting U.S. industrial and farm products from Republican-led states as a response to President Trump's 25% tariffs on steel and aluminum imports.
President Trump promotes Tesla and cryptocurrency at the White House, while Elon Musk invests in Trump’s political operation. This partnership has caused backlash, with Americans considering boycotts of Tesla and other companies seen as aligning with Trump's policies.
The U.S. Federal Trade Commission (FTC) has requested a delay in its trial against Amazon, citing resource shortages caused by government cuts under President Trump, including employee resignations and hiring freezes. Meanwhile, Elon Musk is appealing a court ruling that rescinded his $56 billion Tesla pay package, arguing legal errors in the decision.
An investor survey by Morgan Stanley found that 85% believe Elon Musk's political involvement has negatively impacted Tesla's financial performance. Tesla's stock price has dropped significantly, and investors expect lower vehicle sales in 2025.
Elon Musk plans to double Tesla’s U.S. production to support President Trump and boost his company's stock price. The move aims to rebuild confidence in Tesla's growth amid market skepticism of Trump's policies.
Sen. Chris Coons criticized President Trump for using the White House to boost Tesla’s stock price, arguing it distracts from broader economic issues and Trump’s tariff policies harming markets.
Donald Trump promoted Tesla at the White House despite past criticism of electric cars, raising ethical concerns about using his position to benefit a friend, Elon Musk, while ignoring conflict-of-interest norms.
Marjorie Taylor Greene’s DOGE subcommittee demanded a federal investigation into attacks on Tesla, tying them to left-wing groups like Antifa, as part of their mission to expose government waste under Trump's administration.
Donald Trump turned the White House into a Tesla showroom to support Elon Musk amid declining sales and protests against Musk's political role. Trump purchased a Model S at full price, drawing attention to his public endorsement of the company despite ongoing controversies.
Elon Musk's involvement in Trump administration cost-cutting efforts (DOGE) is complicating his business ventures, particularly at Tesla, where stock prices have fallen over 50% amid protests and investor concerns about brand damage from his political focus.
Elon Musk's Tesla stock has dropped over 50% this year due to declining sales in Europe, slowed production in China, and political tensions amid President Trump's support for the company.