Musk Trump rift: Why did the Tesla chief walk away from the White House? June 2, 2025 Elon Musk has confirmed his departure from Donald Trump’s administration, formally stepping down from his high profile role leading the Department of Government Efficiency (DOGE) – a controversial experiment in federal downsizing that, true to its meme-inspired acronym, has dominated headlines and ignited deep political debate in Washington. The billionaire tech entrepreneur, who last year [...]
Tesla shares jump as Musk teases June robotaxi launch May 29, 2025 Tesla shares climbed two per cent in after-hours trading on Wednesday after reports emerged that the EV giant is preparing to launch its long-anticipated robotaxi service as early as 12th June. The bounce helped reverse earlier losses driven by disappointing new vehicle registration figures across Europe. The sudden shift in investor sentiment followed chief executive [...]
Elon Musk retaliates against Tesla backlash May 21, 2025 Elon Musk has issued a stark warning to those behind violent attacks against Tesla, vowing criminal consequences for what he described as “evil” acts of politically motivated vandalism and threats. Speaking in a virtual interview at the Qatar economic forum on Tuesday, the Tesla and SpaceX chief executive said he had taken the recent wave [...]
Tesla and Apple shares surge as US markets rally on trade deal May 12, 2025 Markets on Wall Street soared on Monday as investors welcomed the trade progress between the US and China. The S&P jumped over 2.6 per cent as markets opened and the Dow Jones 2.41 per cent. Amazon gained over seven per cent and Nike six per cent. The tech-heavy Nasdaq rallied 3.5 per cent. Tech giants [...]
FTSE 100’s record run ends as pharma stocks slide on new Trump appointment May 7, 2025 The FTSE 100’s record run came to an end on Wednesday as pharma stocks slumped on the back of a controversial US regulatory appointment. The blue-chip index spent the entire session in the red and closed off 0.4 per cent. Drugmakers GSK and Astrazeneca were among the top fallers, at nearly five per cent and [...]
UK retail investors double down on US tech despite tariff jitters May 2, 2025 Despite geopolitical headwinds and market volatility, UK retail investors ramped up their exposure to US technology stocks in April, with Nvidia, Palantir and Tesla topping trading charts across major UK platforms. On AJ Bell, Nvidia emerged as the second most traded stock, trailing only BP. Tesla and Amazon also secured sports in the top ten, [...]
Tesla denies claims of Musk succession search May 1, 2025 Tesla has denied reports that its board is seeking a replacement for chief executive Elon Musk, after a Wall Street Journal report claimed the company had began a search for its new chief executive, amid mounting concerns on his political entanglements. In a post early Thursday on X, the social media owned by Musk, Tesla [...]
Tesla misses, yet Musk reassures investors with AI push April 23, 2025 Tesla’s first quarter results, announced at market close yesterday, may have disappointed on traditional metrics. Yet, the company has used its earnings to pivot the story, away from missed car delivery targets and falling profits, and toward its future bets on AI, autonomy and energy. Revenue fell nine per cent year on year to $19.3bn, [...]
Tesla profits crash as Elon Musk fallout hits brand and bottom line April 23, 2025 Tesla reported a sharp decline in first-quarter profit on Tuesday, missing Wall Street estimates as the electric vehicle maker continued to grapple with slowing demand, rising competition, and mounting brand headwinds tied to chief executive Elon Musk’s political activities. Net income nosedived 71 per cent year-over-year to $409m (£307m) while revenue fell nine per cent [...]
FTSE 100 sees best winning streak in two years as trade war fears abate April 22, 2025 The FTSE 100 finished in the green on Tuesday for the seventh consecutive day, notching its best run of gains in two years as investor worries over protracted trade wars began to soften. London’s blue-chip index closed on a 0.64 per cent gain at 8328.60. Distribution firm Bunzl ended trading as one of the top [...]