Tesla CEO Elon Musk told investors he will reduce his role as a senior White House advisor to one or two days per week after reporting a 71% decline in net income, led by a 20% drop in automotive revenue. +
Edmunds analysts tell Reuters that Tesla vehicles accounted for 1.4% of all vehicles traded in at U.S. dealerships from Jan. 1 to March 15, up a full percentage point from March of 2024, as the EV maker faces declining sales and stock values. +
Registrations of new Teslas fell 11% year-over-year in January and lost 12 percentage points in U.S. market share. But the EV maker's stock value improved by 7.6%, partially offsetting a steep decline. +
President Donald Trump plans to purchase a Tesla in support of Elon Musk, the EV maker’s CEO and a senior White House advisor, in the face of protests, incidents of vandalism and a declining stock value. +