Tesla, Elon Musk and White House
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Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."
President Trump on Thursday denied wanting to harm tech billionaire Elon Musk’s businesses, amid questions over whether he supports federal agencies working with the Tesla CEO’s companies.
The president said in a Truth Social post that he wanted Musk's businesses to "THRIVE like never before."
The veteran Tesla bull says there is a "sense of exhaustion" from many investors that their CEO keeps heading down the political track.
Donald 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.
While Musk was spending so much time in the White House, Tesla has been missing delivery targets; it’s placing a big bet on autonomous cars, but that could deprive its staple EV of much needed R&D.
Tesla reported another quarter of reduced profits after Elon Musk’s stint in the Trump administration. The president’s tax bill creates new business challenges.