Profits at the billionaire\u2019s carmaker fell 71% amid a backlash over his role at the White House<\/p>\n
Though Elon Musk<\/strong> has acknowledged there have been \u201crocky moments<\/a>\u201d of late, he remained optimistic about Tesla<\/strong>\u2019s future.<\/p>\n \u201cThe future for Tesla is better than ever,\u201d he said. \u201cThe value of the company is delivering sustainable abundance with our affordable AI-powered robots. If you say, what\u2019s the ideal future that you can imagine, that\u2019s what you\u2019d want. You\u2019d want abundance for all in a way that\u2019s sustainable, that\u2019s good for the environment. Basically this is a happy future, this is the happiest future you can imagine.\u201d<\/p>\n In a curious turn of events, it\u2019s as if numbers show that even at the worst moment, Elon and the team\u2019s operation can still bring a robust $19.3bn in revenue, with total revenue partly making up for the huge drop in auto revenue.<\/p>\n If this is the worst it gets for Tesla, then certainly there must be some upside for the stock once tailwinds, such as the highly awaited cheaper model and the Robotaxi, finally hit the market later this year.<\/p>\n I think more attention by Musk on Tesla is a net positive for the stock, but to see a meaningful move in the stock we would need to see a headline more like \u2018Musk to leave DOGE to refocus on Tesla\u2019.<\/p>\n Donald Trump has said tariffs on goods from China will be reduced \u201csubstantially\u201d but \u201cwon\u2019t be zero\u201d<\/strong>, after US treasury secretary Scott Bessent said he expects a \u201cde-escalation\u201d in the trade war between the world\u2019s two largest economies. Trump placed import taxes of 145% on China<\/a>, which countered with 125% tariffs on US goods, causing volatility in the stock market and concern about slowing global economic growth.<\/p>\n Bessent has said that he expects a \u201cde-escalation\u201d in the trade war between the US and China and that the high tariffs are unsustainable. <\/strong>\u201cI do say China is going to be a slog in terms of the negotiations,\u201d Bessent said, according to a transcript obtained by the Associated Press. \u201cNeither side thinks the status quo is sustainable.\u201d<\/p>\n Trump\u2019s tariffs have unleashed a \u201cmajor negative shock\u201d into the world economy, the International Monetary Fund has said<\/strong>, as it cut its forecasts for US, UK and global growth.<\/p>\n Trump has said he has no plans to fire the Federal Reserve<\/a> chair, Jerome Powell<\/strong>. The president\u2019s comment comes days after he called the central bank boss a \u201cmajor loser<\/a>\u201d whose \u201ctermination cannot come fast enough\u201d.<\/p>\n The secretary of state, Marco Rubio<\/a>, has announced a proposed reorganisation of the US state department as part of what he called an effort to reform it<\/strong> amid criticism from the Trump White House over the execution of US diplomacy.<\/p>\n The embattled US defense secretary, Pete Hegseth<\/a>, has defended his most recent use of the encrypted messaging app Signal<\/a> to discuss sensitive military operations<\/strong>, blaming fired Pentagon officials for orchestrating leaks against the Trump administration<\/a>.<\/p>\n The US health secretary, Robert F Kennedy Jr<\/a>, on has called sugar \u201cpoison\u201d and recommended that Americans eat \u201czero\u201d added sugar<\/a> in their food. <\/strong>He acknowledged that the federal government was unlikely to be able to eliminate it from products, but said better labeling was needed for foods and that new government guidelines on nutrition would recommend people avoid sugar completely.<\/p>\n Congressional lawmakers denounced the treatment of Mahmoud Khalil and R\u00fcmeysa \u00d6zt\u00fcrk, the students being detained by US immigration<\/a> authorities for their pro-Palestinian activism, as a \u201cnational disgrace\u201d<\/strong> during a visit to the two facilities in Louisiana where each are being held.<\/p>\n More than 150 presidents of US colleges and universities have signed a statement denouncing the Trump administration\u2019s \u201cunprecedented government overreach and political interference\u201d with higher education<\/strong> \u2013 the strongest sign yet that US educational institutions are forming a unified front against the government\u2019s extraordinary attack on their independence.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Profits at the billionaire\u2019s carmaker fell 71% amid a backlash over his role at the White House Though Elon Musk has acknowledged there have been \u201crocky moments\u201d of late, he remained optimistic about Tesla\u2019s future. \u201cThe future for Tesla is better than ever,\u201d he said. \u201cThe value of the company is delivering sustainable abundance with … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39552","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/39552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=39552"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/39552\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=39552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=39552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=39552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}