Elon Musk's foray into politics has backfired on Tesla, polarizing its target audience along partisan lines with Democrats increasingly viewing the brand negatively — a trend anticipated by many and now confirmed in the study, “Tesla Takedown: Brand Politicization and Partisan Consumerism in the Trump Era.”
As the global auto world reeled from the potential fallout of Donald Trump's new auto tariffs, one name stood out as less affected than others - electric-vehicle maker Tesla.
Tesla, Inc. delivered a record 495,570 vehicles and installed 11.0 GWh of energy storage in Q4 2024. Revenue grew 2% YoY to $25.7 billion, but operating margin declined to 6.2% from 8.2% last year. Capital expenditures rose 27% to $11.3 billion in 2024, driven by AI, infrastructure, and global factory expansions.
President Donald Trump's 25% tariffs on all vehicles imported into the U.S. and some auto parts will hurt Tesla far less than its competitors, according to industry analysts, though CEO and close Trump aide Elon Musk insists his company will still feel the impact.
President Trump officially announced 25% tariffs on automobiles made outside the U.S. Auto stocks across the board saw red arrows, except Tesla (TSLA). Jenny Horne discusses what makes Tesla different other than Elon Musk's White House connection.
The “Magnificent Seven” group consisting of Tesla TSLA, NVIDIA NVDA, Alphabet GOOGL, Microsoft MSFT, Amazon AMZN, Apple AAPL and Meta META is showing signs of a rebound lately as evident from 3.3% uptick on March 24, 2025. The group was heavily beaten-down over the past month.
TSLA is set to launch its EVs in Saudi Arabia, expanding into the Gulf region's largest economy amid rising challenges in the global market.
Nvidia NVDA-5.74%, Tesla TSLA-5.58%, and the rest of Big Tech are having a rough go of it, while China's Terrific 10— Alibaba 9988+0.46%, Tencent 700+0.49%, Meituan 3690+1.81%, Xiaomi 1810-4.17%, JD.com JD+0.75%, NetEase NTES+1.05%, Baidu BIDU+2.22%, BYD 002594+2.79%, Geely 175-1.05%, and SMIC 981+4.24%—are not. That raises the question: Are the Mag Seven yesterday's news and is it time to focus on their Chinese counterparts instead?
Tesla stock was rising in premarket trading Thursday, which looked set to be a bad day for the autos sector.
Tesla, the Elon Musk-run auto company, has had a turbulent time recently, fueled by its chief executive's close ties to Donald Trump and increased electric vehicle competition.
Stock futures were mostly higher Thursday even as President Donald Trump slapped 25% tariffs on all cars made outside of the United States, leading to worries over what the trade war will mean to the U.S. and global economies.
Tesla TSLA-5.58% stock was falling in early trading on Thursday—which looks set to be a bad day for the autos sector.