Because it produces only electric cars, Tesla can sell its zero-emissions credits to other automakers who fall short of pollution standards. In many past quarters, Tesla would have shown a loss without the money from those credits. Instead it reported profits, forming the basis for the company’s sky-high market value.

The Trump administration is reportedly looking for alternatives to Musk’s SpaceX as contractor for its Golden Dome missile defense system.

GM reported a $1.1 billion hit from President Trump’s tariffs this quarter. CEO Mary Barra says automation focus is on factory efficiency, not AI cars. Piper Sandler said GM needs strategic changes to compete in the AI era.

Tesla TSLA sank more than 8% in Thursday's stock market, giving up key levels, in the wake of second-quarter earnings and CEO Elon Musk's conference call comments. However, Cathie Wood and Ark Invest saw that as an opportunity to buy more of their favorite stock.

Elon Musk once again emphasized the importance of solar energy on the social media platform X on Thursday, following the launch of a home energy plan in Texas by his firm Tesla, in partnership with residential solar firm Sunrun.

Tesla's going through a bumpy ride. Auto sales are falling, the Trump administration is rolling back on EVs and the company sold bitcoin at a really bad time.

In the midst of an on-again, off-again, explosive public feud that culminated in Musk dropping the bomb that “Donald Trump is in the Epstein files,” the president threw out a surprise olive branch. “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!” he wrote on Truth Social on Thursday.

President Donald Trump walked back his earlier attacks on Elon Musk and his companies.Trump said Musk's businesses would continue to enjoy federal subsidies.But Musk said the subsidies Trump was talking about "simply do not exist.