Tesla, Inc. is a leading electric vehicle manufacturer that designs, produces, and sells a range of electric cars and energy products. The company is known for its innovative approach to sustainable transportation, producing models that are not only environmentally friendly but also equipped with cutting-edge technology and high-performance features. In addition to its automotive division, Tesla also focuses on renewable energy solutions, including solar energy products and energy storage systems, aimed at accelerating the world’s transition to sustainable energy. Through its global presence and dedicated infrastructure, such as an extensive network of charging stations, Tesla seeks to revolutionize the automotive industry and promote a greener future. Read More
Stay updated with the movements of the S&P500 index one hour before the close of the markets on Tuesday. Discover which stocks are leading as top gainers and losers in today's session.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.5% in the afternoon session after tension between CEO Elon Musk and President Donald Trump continued to cool off. This de-escalation is likely a major relief for investors who had been worried about the potential negative impacts on Tesla's business, particularly regarding government contracts or regulatory scrutiny.
Elon Musk, the CEO of Tesla, once argued that the federal electric vehicle (EV) tax credit of $7,500 should be scrapped. He believed Tesla could succeed without government help and even suggested that all subsidies, including those for oil and gas companies, should be removed.
Anthony Scaramucci, the founder of SkyBridge Capital, has shared his insights on Elon Musk's political journey, highlighting the significant impact it has had on the public's perception of the tech mogul.
