Business

The Tesla chief executive, Elon Musk, said he will start pulling back from his role at the so-called “department of government efficiency” starting in May. Musk’s remarks came as the company reported a massive dip in both profits and revenues in the first quarter of 2025 amid backlash against his…

Elon Musk made personal, repeated attempts to try to get Donald Trump to back off from the wave of global tariffs that have created turmoil in international markets, it was reported on Tuesday. Musk’s failure to get Trump to listen, however, is evidence to some observers of a growing rift…

Tesla reported a 13% drop in vehicle sales in the first three months of the year, making it the electric vehicle maker’s worst quarter since 2022. It’s another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers. The drop is probably due to a combination…

Tesla investors are bracing for evidence of declining global demand this week as the electric carmaker battles headwinds including a consumer backlash against its chief executive, Elon Musk. On 2 April, the US company will release data for first-quarter deliveries – a proxy for sales – that is expected to…