Economists warn these tariffs could cost U.S. consumers between $120 billion and $225 billion annually. Businesses that import car parts, medical devices, vegetables and clothing are bracing for the impact, as are industries like U.S. textile production.
Tesla stock has fallen sharply this year. Analysts say Elon Musk's involvement with DOGE is affecting sales and investors are taking notice.
Tesla applied for a permit to operate a ride-hailing fleet in California, public records show. The application follows comments by CEO Elon Musk, who said that Tesla plans to offer driverless robotaxis in California and Texas in 2025.
Elon Musk's close ties to President Trump is alienating some motorists. Wall Street analysts say that could hurt Tesla.
Ross Gerber, a longtime Tesla shareholder, outlined to BI four reasons he thinks the stock is vulnerable to a 50% pullback this year.
Musk — who bought his position of government power by spending roughly $290 million to elect Trump and Republicans last year — has no Senate-confirmed authority. And as a “special government employee,