U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025.After President Donald Trump said on Wednesday he would impose 25% tariffs on "all cars that are not made in the United States," he said his key advisor, Tesla CEO Elon Musk, had not weighed in on the matter, "because he may have a conflict."He added that Musk had never "asked me for a favor in business whatsoever."Musk serves as a senior advisor to Trump, having earlier contribute ...

This billionaire mutual fund manager thinks Tesla could become a $5 trillion business.Ron Baron is a billionaire mutual fund investor and the founder of wealth management firm Baron Capital. Back in November, Baron sat down for an interview with CNBC's morning program, Squawk Box, and proclaimed that he sees Tesla (TSLA -5.49%) reaching a $5 trillion valuation within the next decade.Well, earlier this month Baron joined Squawk Box again and he appears to be doubling down on his high conviction in Tesla.As o ...

NBA legend Michael Jordan once famously said, "Republicans buy sneakers too," emphasizing his choice to steer clear of politics while his iconic shoes propelled Nike to the pinnacle of sports retail.That’s advice Tesla TSLA shareholders may wish the company’s CEO, Elon Musk, had taken to heart. Shares are down more than 32% this year, as Musk’s heavy involvement with the new administration has cratered Tesla’s electric vehicle (EV) sales.Tesla sales are down 40% in Europe compared to last year, even as tota ...

White House Senior Advisor, Tesla and SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025 in Washington, DC.Tesla shares fell about 6% on Wednesday as data from Europe showed slowing sales last month, and investors grew increasingly concerned about President Donald Trump's plan for tariffs.The European Automobile Manufacturers' Association (ACEA) revealed on Tuesday that Tesla saw a 40% year-over-year drop in new vehicle registrations in Eu ...

ToplineShares of American artificial intelligence leaders Nvidia and Tesla tumbled Wednesday, shedding hundreds of billions of market value and leading a broader selloff across big technology stocks, which have struggled throughout 2025.Jensen Huang, left, and Elon Musk appear together last decade.Corbis via Getty Images Key FactsNvidia stock and Tesla stock each dove more than 6% by mid afternoon, contributing heavily to a more than 1% decline in the benchmark S&P 500 and more than 2% drop for the tech-con ...

Shares of Tesla (TSLA -4.84%) are falling on Wednesday. The electric vehicle maker's stock lost 3.8% as of 3:30 p.m. ET and was down as much as 5.4% earlier in the day. The steep decline comes as the S&P 500 and Nasdaq Composite indexes lost 0.6% and 1.3%, respectively.The EV leader is facing new headwinds as international trade tensions escalate into direct action against the company.Canada freezes Tesla rebates in tariff retaliationCanada announced it has frozen $43 million in suspicious EV rebates for Te ...

Core Viewpoint - Canada has banned Tesla vehicles from future electric vehicle rebate programs due to ongoing trade disputes with the U.S., specifically related to tariffs imposed by President Trump [1][8]. Group 1: Rebate Program Changes - Tesla vehicles are ineligible for Canada's electric vehicle rebate program as long as U.S. tariffs remain in place [1]. - Canada has frozen C$43 million ($30.11 million) in pending payments to Tesla, pending review of rebate claims [2]. - The previous rebate program, which offered up to C$5,000 for electric vehicle purchases, was shut down in January due to a lack of funds [2]. Group 2: Claims and Investigations - Tesla dealerships submitted a significant number of rebate claims just before the program ended, with one dealership in Quebec City seeking nearly C$20 million ($14 million) in subsidies [3]. - This surge in claims raised suspicions among Canadian officials regarding the validity of the submissions [3][4]. Group 3: Impact of Tariffs - The ongoing trade dispute and tariffs have negative implications for Tesla, including higher manufacturing costs for vehicles built in the U.S. and increased costs for exported vehicles [9]. - Experts suggest that Tesla and other U.S. automakers are likely to be significantly affected by the tariff battle, impacting their supply chains [6].

Canada has frozen a $43 million rebate payment to Tesla and barred Elon Musk's company from similar national schemes. Transport Minister Chrystia Freeland directed Canada's Transport Department to halt all Tesla rebate payments while it examined each claim individually."No payments will be made until we are confident that the claims are valid," she told the Toronto Star on Tuesday. The move follows a surge in Tesla rebate claims, which spiked from 300 to about 5,800 a day before the scheme ended in January, ...

Shares of Tesla Inc. NASDAQ: TSLA have staged a remarkable rally over the past two weeks, climbing more than 30% after losing over half their value since December. At $288 as of Tuesday night, the stock has begun to claw back ground that many feared was permanently lost. The sell-off, driven by a mix of political controversy, shifting consumer sentiment, and missed earnings, pushed shares to 2020 levels by mid-March. CEO Elon Musk’s increasingly polarizing public persona, particularly his close alignment wi ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...