Tesla stock dropped nearly 4% following a report that the Austin, Texas Gigafactory will halt Cybertruck and Model Y production for a week starting June 30th for planned factory maintenance. This marks the third such production pause in the past year. The shutdown comes shortly before the anticipated June 22nd launch of the Model Y robotaxi in Austin, featuring updated “Full Self-Driving” technology. Tesla has yet to officially comment on the reported production halt.
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Trump claims Elon Musk’s endorsement was crucial to his Pennsylvania victory and expresses disappointment over Musk’s subsequent opposition to the bill’s electric vehicle mandate cuts. Musk countered on X, prioritizing the bill’s overall size and alleged “pork” over specific provisions, asserting his concern is about national debt, not Tesla’s interests. Despite prior claims of political disengagement, Musk’s continued involvement has coincided with a significant drop in Tesla’s stock price. This suggests a correlation between Musk’s political actions and Tesla’s financial performance.
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Elon Musk’s recent accusations against Donald Trump have sent shockwaves through the political landscape. Musk directly implicated Trump in the infamous Epstein files, claiming Trump’s presence within them is the reason for their continued suppression. This bold statement marks a dramatic shift in the relationship between these two once-close allies, turning a seemingly amicable partnership into a public and highly contentious feud.
The gravity of Musk’s claim cannot be understated. The Epstein files, associated with the convicted sex offender Jeffrey Epstein, are rumored to contain highly sensitive and potentially incriminating information. Musk’s assertion that Trump is implicated within these files suggests the existence of compromising material connecting Trump to Epstein’s alleged crimes.… Continue reading
Tesla stock plummeted 14% following President Trump’s threat to revoke government contracts from Elon Musk’s companies. This drastic action stemmed from a public dispute over the spending bill, with Trump citing Musk’s displeasure over the bill’s exclusion of EV credits and Musk’s subsequent criticism of the legislation. The conflict marks a sharp deterioration in their previously amicable relationship, highlighted by Musk’s strong public statements against the bill and the administration. Trump claimed to have ended Musk’s EV mandate, prompting Musk to retort that Trump’s election and the current Senate majority were dependent on his support.
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Elon Musk’s recent barrage of online posts targeting Donald Trump has ignited a firestorm of discussion. It seems Musk is actively distancing himself from the former president, a move many interpret as a calculated attempt to salvage his plummeting public image and the fortunes of Tesla. The timing certainly suggests a strategic shift, with the Tesla stock struggling and Musk needing a way to regain investor confidence.
This sudden about-face after months of apparent alignment with Trump is striking. Many are skeptical, suspecting a cynical PR maneuver designed to appeal to a broader audience, perhaps even those previously alienated by his association with the former president.… Continue reading
Tesla’s European sales plummeted 49% in April, reaching only 7,261 units compared to the previous year’s 14,228, despite a 28% rise in overall electric vehicle sales. This significant drop follows earlier reports from individual countries and coincides with negative publicity surrounding Elon Musk and increased competition, particularly from Chinese brands like SAIC whose sales rose 54%. Contributing factors include factory shutdowns for Model Y upgrades and a generally negative sentiment toward American brands. Overall, Tesla’s European sales for the first four months of the year fell 39%.
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Elon Musk reaffirmed his commitment to remaining Tesla CEO for at least five more years, stating he would only step down if he dies. This declaration follows recent speculation about his future leadership amidst controversies including protests, a legal dispute over his compensation, and Tesla’s weaker-than-expected European sales. Musk dismissed concerns about Tesla’s performance, citing a recent stock market recovery and projecting strong future sales. He emphasized his desire to maintain control over the company’s direction, particularly concerning its expansion into humanoid robotics.
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Following a Wall Street Journal report suggesting Tesla’s board was exploring CEO replacements due to Musk’s absenteeism and Tesla’s poor first-quarter performance, Musk vehemently denied the claims on X. Tesla’s board chairwoman, Robyn Denholm, also issued a statement refuting the report. The Journal’s article noted Tesla’s lack of prior comment on the matter. Musk’s divided attention between Tesla and his role within the Trump administration, marked by significant public backlash, appears to have contributed to the speculation.
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Tesla’s first-quarter 2025 earnings revealed a 71 percent profit drop, prompting CEO Elon Musk to blame organized protests fueled by his involvement with DOGE and support of far-right politicians. In response, Musk announced a significant reduction in his DOGE and political commitments, shifting focus back to Tesla. However, declining US and European sales, driven by consumer backlash against Musk’s political stances, pose a significant challenge. Furthermore, increasing competition from brands offering superior electric vehicles, particularly in China, threatens Tesla’s market dominance.
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Tesla’s recent 9% year-on-year revenue drop to $19.3 billion, below analyst expectations, is attributed to a confluence of factors. Musk’s significant involvement in Trump’s administration, including leading the “Doge” initiative, diverted his attention and fueled boycotts impacting sales. Price cuts to boost sales and Trump’s tariffs on Chinese parts, impacting Tesla’s supply chain, further contributed to the shortfall. The company anticipates that ongoing political and trade uncertainties will continue to affect near-term demand.
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John Q. Hosedrinker 
Matt Underwood