SpaceX, Elon Musk
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CEO Elon Musk's close ties with President Trump initially gave many investors hope for faster progress on initiatives like robotaxis and autonomous driving. Barron associate editor Al Root explains why that optimism was overblown and discusses the risks the Musk–Trump relationship still poses.
Tesla didn't impress investors with its quarterly update. CEO Elon Musk also warned of some turbulent days ahead. Another Musk prediction might have Tesla bulls excited. Investors knew electric vehicle (EV) sales have been slumping for Tesla (NASDAQ: TSLA).
Elon Musk's net worth has taken a $15.3 billion hit after the Tesla CEO announced he was to form a new political party. The news sent ripples through financial markets and spooked investors concerned about Musk's political ambitions and possible implications for Tesla's brand and business operations.
Tesla has yet to schedule its annual shareholder meeting in accordance to Texas law four days ahead of the deadline, and investors are restless.
Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.