Page 3 - Elon Musk Tesla

Musk's pullback from politics comes after his last big investment was flop

Wisconsin could go down as billionaire Elon Musk's last big spend on a political campaign. And it was a flop. Musk, the richest person in the world, said Tuesday that he would be spending less on political campaigns. The announcement came as Musk is stepping back from his role in the Trump administration, saying he will spend more time focused on his businesses, and just seven weeks after the candidate he backed in Wisconsin's Supreme Court race lost by 10 percentage points. Democrats in the swing state said Musk's comments show that a party-led effort in this spring's election, dubbed People vs. Musk, succeeded in making Musk and his money toxic. The people have won, said Wisconsin Democratic Party Chairman Ben Wikler. The biggest funder in Republican politics is taking his toys and going home." Brandon Scholz, a retired longtime Republican strategist in the state, said that at least in Wisconsin, after that court race he deserves to be labelled as toxic. But that doesn't mean

Elon Musk confirms commitment to remain Tesla CEO for the next five years

Billionaire Elon Musk said Tuesday he's committed to being CEO of Tesla in five years' time as the automaker faced intense consumer and stock-price pressure over his work with President Donald Trump's government. The question came as Musk made a video appearance at the Qatar Economic Forum hosted by Bloomberg after Musk recently travelled to Doha as part of Trump's Mideast trip last week. The SpaceX and Starlink chief offered terse sentences and grew combative over questions regarding his businesses and how his involvement in American politics had affected his businesses. A moderator asked: Do you see yourself and are you committed to still being the chief executive of Tesla in five years' time? Musk responded: Yes. The moderator pushed further: No doubt about that at all? Musk added, chuckling: I can't be still here if I'm dead." Tesla has faced intense pressure as Musk worked with Trump as part of its self-described Department of Government Efficiency effort, particularly amid

'Thank you for the ride': Denmark firm ends Tesla use over Musk's politics

Denmark's Tscherning drops entire Tesla fleet, citing Elon Musk's political stance; says move reflects company values, not concerns about EV performance

Tesla tightens rules to limit shareholder suits after Musk pay battle

Tesla changed its bylaws to require investors to hold at least 3% of shares to file or maintain a derivative lawsuit, aiming to limit future legal challenges like those over Musk's pay package

Musk eyes to launch robotaxi in Saudi Arabia, where Uber leads the race

Tesla CEO Elon Musk's interest in launching robotaxis in Saudi Arabia comes at a time when the Kingdom's transport authority has already signed MoU with Uber to roll out self-driving cars by 2025

Tesla India head Prashanth Menon resigns as EV maker prepares India entry

Prashanth Menon's resignation comes as Tesla plans entry into Indian markets

Tesla's 'Robotaxi' trademark refused for being too generic: Report

Another application by Tesla to trademark the term "Robotaxi" for its upcoming ride-hailing service is still under examination by the office, the report said

Musk's next challenge? Reviving Tesla as Europe sales plunge 50% in a year

Tesla sales plunged by more than half last month in several European countries in a sign that Elon Musk could struggle to revive the company after he shifts from his Washington work to running the automaker again. Tesla sales collapsed in April by more than two-thirds from a year earlier in Sweden, the Netherlands and Denmark, according to auto groups and government agencies Friday. Sales at the Austin, Texas, company dropped by 59% in France and 38% in Norway. The countries are not major drivers of sales overall, but they are the first to report April results and thus a foretaste of possible trouble elsewhere as Tesla reels from protests and boycotts over Musk wading into politics. In Germany, where he told voters their country was lost if they didn't vote for a candidate widely derided for her extreme views, sales plunged 62% in the first three months this year. German sales for April are not out yet. Financial analysts covering Tesla are worried about the Musk backlash but cauti

Trump gives friendly send-off to Musk, praises him for his work on DOGE

US President Donald Trump praised Elon Musk for saving $160 bn through DOGE as he bid him farewell. Musk hinted at shifting focus back to Tesla

'Carefully figuring out the right time to enter India': Tesla CFO

Tesla CFO Vaibhav Taneja said that 100% import tariffs create anxiety

Tesla's Q1 slump sees Musk shifting focus, but challenges loom for company

The bigger problem is that Tesla's ageing vehicle lineup has collided with increasing competition, something that Musk's DOGE duties compounded but did not create

Indian market open to entry of more satcom firms: Scindia on Musk's visit

Telecom Minister Jyotiraditya Scindia on Tuesday threw his weight behind having more players in satellite internet space, saying the service was needed particularly in the rural and underserved areas of the vast market that is India. The government has already granted licences to firms backed by billionaires Mukesh Ambani and Sunil Bharti Mittal to offer satellite internet services, and Scindia indicated more may be granted if players meet security and regulatory norms. The minister's statement is a positive one for Elon Musk's Starlink that has aspirations to operate in the world's most populous nation. Starlink, which had been vying for an India licence for sometime now, last month signed pacts with Ambani's Reliance Jio and Mittal's Bharti Airtel -- which together control more than 70 per cent of the country's telecom market -- to bring the US satellite internet giant's services to India. Citing the licences granted to Bharti Group-backed Eutelsat OneWeb and Jio Satellite ...

Tesla looks to American, Indian chipmakers to diversify supply chain

After Tata Electronics, Tesla has held discussions with Mumbai-headquartered CG Semi for potential chip sourcing

Elon Musk praises PM Modi, says he will visit India as Tesla preps launch

Elon Musk confirmed he will visit India later this year, as Tesla prepares to launch its electric vehicles in the country

Protesters rally across US against policy agenda of Trump and Musk

The White House, in a statement about the protests, said President Trump's position is clear: He will always protect Social Security, Medicare, and Medicaid for eligible beneficiaries

'0 to 1939 in 3 secs': Why anti-Musk satire is flourishing in Britain

There have been some instances of unruly protests and vandalism in Europe. But much of the anti-Musk sentiment has taken the form of political satire

White House slams report claiming Musk's exit from cost-cutting govt role

Trump has tasked the Tesla and SpaceX CEO with leading efforts through his Department of Government Efficiency to cut government funding and dismantle various US agencies

Tesla first-quarter sales fall 13% amid backlash against Musk, weak demand

Last year, Musk forecast 20 per cent to 30 per cent sales growth in 2025, promising to launch an affordable vehicle in the first half of the year

Elon Musk sees Tesla as 'buying opportunity' despite DOGE blowback

Political backlash from Musk's recent political forays in the US and around the world have weighed on Tesla at home and abroad

When is Elon Musk planning to quit DOGE? Here's what Tesla chief said

Earlier this month, US President Donald Trump hinted that Elon Musk doesn't plan on continuing his role in DOGE for long