Elon Musk might be the richest person in the world now, but he's admitted that his company Tesla came dangerously close to bankruptcy thanks to the launch of just one product.

After keeping silent about the issue for days, Elon Musk has finally acknowledged the launch of the refreshed Model Y. However, Musk's endorsement is definitely lacking in enthusiasm.

NEW YORK (AP) — Sean Duffy, the new transportation secretary, is facing his first major crisis just hours after his swearing-in.

The major indexes rose toward record highs Thursday with Tesla regaining a key level. Apple stock flashed a buy signal late on earnings.

Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked in billions of dollars in income and being the most valuable car company in the world.

Shares of Tesla ( TSLA 4.28%) were moving higher today, overcoming a weak earnings report after CEO Elon Musk spent much of the earnings call pumping up the stock and making big promises about autonomy. As of 1:11 p.m. ET, the stock was up 4.7% on the news.

Federal agencies have offered exits to millions of employees and tested the prowess of engineers — just like when Elon Musk bought Twitter. The similarities have been uncanny.

While the initial testing will use Tesla's own fleet of cars, regular customers may be able to add their cars to the ride-hailing fleet next year, Musk says.

More and more major subreddits have recently banned links to the Twitter (X) platform purchased by Elon Musk – some even banned screenshots. The reason for this is a gesture by Musk – he showed an alleged Hitler salute at US President Trump's swearing-in ceremony.

Tesla's fourth-quarter earnings missed Wall Street's estimates, but the stock rose on 2025 guidance and plans for robotaxi rides to begin in June.

Tesla reported mixed earnings, reflecting pressures from unmet expectations against advancements in energy and technology sectors.

Tesla is launching its long-awaited robotaxi service in Austin this June, with plans to expand across the US and globally.