The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.
The backlash against the electric vehicle company has turned violent at times, as its billionaire chief executive parlays his support for President Trump into consequential influence over the federal government.
The electric car company led by Elon Musk builds all the cars it sells in the United States in California and Texas, shielding it from tariffs that could devastate competitors.
February numbers show the U.S. electric car maker is struggling to attract buyers in the region, as anger at Elon Musk’s politics intensifies.
The backlash against the electric vehicle company has intensified as the billionaire ally of President Trump exerts his power over the federal government.
The electric-car maker’s stock has had a bumpy ride since the victory of President Trump, who has given Tesla’s chief, Elon Musk, a role in Washington.
Musk, uno de los principales asesores del presidente Trump, no ha esbozado un plan para revertir la caída de ventas de la empresa de automóviles eléctricos de la que es director ejecutivo.
Mr. Musk, one of President Trump’s main advisers, has not outlined a plan to reverse falling sales at the electric car company of which he is chief executive.
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
Los conductores chinos compran vehículos eléctricos asequibles cargados de nuevas tecnologías, una tendencia que está redefiniendo los vehículos de gama alta y perjudicando a los fabricantes de automóviles alemanes.
Chinese drivers are buying affordable electric vehicles loaded with new technology, a trend that is redefining high-end vehicles and hurting German automakers.
Los vehículos fabricados por la empresa de Elon Musk figuraban en una lista de compras emitida antes de que Trump asumiera el cargo y Musk se convirtiera en uno de los principales asesores del presidente.
Elon Musk, quien lidera los esfuerzos para recortar el gasto público, ha obtenido más de 13.000 millones de dólares en contratos públicos en los últimos cinco años.
The name of the carmaker led by Elon Musk was removed from a list of planned purchases after news outlets raised conflict-of-interest concerns.
The Japanese companies’ decision to call off negotiations highlights the challenges legacy automakers face in partnering to tackle new technologies.
The department plans to buy armored Tesla vehicles. Elon Musk, who is leading efforts to cut government spending, has won more than $13 billion in government contracts in the past five years.
The executive, Jim Farley, said President Trump’s tariff and auto policies would raise costs and could force the automaker to cut jobs.
The U.S. electric car company’s sales are sliding across Europe, amid what many see as interference in local affairs by Tesla’s chief executive, Elon Musk.
The president’s impulsive tariffs are a symptom of a deeper challenge to U.S. manufacturing.