Tesla faces big financial problems. A former executive says Elon Musk is out of touch. Donald Trump's bill hurts Tesla by cutting clean energy support. Musk's political moves worry investors. Sales are down.

Billionaire’s political threats have not stopped the president’s ‘big, beautiful bill’ hurting the electric-car maker’s profits

Elon Musk-owned X’s CEO Linda Yaccarino announced her resignation in a surprise move, just months after the social media platform was acquired by the billionaire’s AI startup, xAI.

Elon Musk realized too late how badly Tesla would be hurt by Trump’s Big Beautiful Bill, according to former and current Tesla executives who now give more details about the impact on the company.

The sale of employee shares, known as a tender offer, would mark another large jump in SpaceX’s valuation. It was valued at $210bn in the middle of last year, but its valuation soared to $350bn in December when it carried out its most recent tender offer.

Investors are clearly worried Tesla CEO Elon Musk's promise to build a third US political party could do even more damage. The EV maker has been put through the wringer, from cratering sales worldwide to an enormous drop in year-over-year revenues.

The parallels to Elon Musk and his America Party are obvious, but Musk may be lucky to get as far as Perot did. The Texas businessman won roughly 19 percent of the popular vote when he ran for president in 1992 — the most successful bid by any independent candidate in modern history — and took in nearly 8.

Donald Trump has lashed out at Elon Musk after the billionaire unveiled plans to launch a new US political party, calling him a “train wreck” in an escalation of the feud between the US president and his former ally.