Tesla, Elon Musk
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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 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.
Musk's electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared.
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.
The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter.
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Tesla owners will be able to earn money by adding cars to self-driving robotaxi fleet, Musk says
The Tesla CEO said the company expects to expand their autonomous driver service to include customer-owned cars.
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Tesla’s stock fell 8% after its poor Q2 report, but the ‘Musk Magic’ premium is still sky-high
Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.
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Tesla earnings updates: Elon Musk's EV maker Q2 report comes amid critical FSD, robotaxi expansion
Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.
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