Tag:

Political Influence

46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate 46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate
46K+ Cybertrucks Recalled As Tesla's Financial, Political Issues Escalate Tesla is recalling more than 45,000 of its controversial Cybertrucks after a serious safety issue was discovered with their exterior paneling, the latest in a growing list of issues for the electric automaker. Tesla has issued the recall for 46,096 Cybertrucks, the National Highway Traffic Safety Administration said. The recall impacts 2024 and 2025 models. According to the NHTSA, a stainless-steel exterior trim panel known as the cant rail may detach while driving, creating a road hazard and increasing crash risks. Tesla is offering to replace the cant rail assembly for free. The recall c…
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say A vast majority of people in an investor survey said CEO Elon Musk's growing political influence is damaging Tesla financially, according to reports. An investor survey by Morgan Stanley said 85 percent think Musk's political activities have had a "negative" or "extremely negative" impact on Tesla's business fundamentals, CNBC reported. An analyst from the investment banking firm received answers from 245 participants, a relatively small sample with some investors who don't have Tesla stock. Shares in the electric automaker were at $247.08 when trading opened on Wednesday, Mar. 12. Tha…
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal'
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla is losing its charge with many Americans as billionaire CEO Elon Musk faces plummeting sales, a freefalling stock, growing protests, and car owners distancing themselves from the controversial brand. The electric automaker's stock has more than lost all of its post-Election Day gains. Tesla shares stood at $288.53 on Wednesday, Nov. 6, 2024, and hit an all-time high of around $480 in mid-December before beginning a sharp decline. By early March, shares fell below what they posted the day after Election Day. Tesla opened for trading at $225.11 on Tuesday, Mar. 11, marking abo…