Trump says he wants Elon Musk to 'thrive'
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Wall Street may be skeptical about Tesla’s upcoming quarters, but CEO Elon Musk made four surprising announcements that could be game-changers — if they prove true.
In early July, President Donald Trump called out Musk directly, tweeting that Tesla might “close up shop” in the absence of government subsidies. That jab, layered with policy shifts, sent a chill through Tesla bulls. Tesla’s Q2 results are in, and they’re not pretty.
"It's just a Model Y. Let the cat out of the bag there," Musk said when asked about Tesla's budget-friendly EV in an earnings call.
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Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.
President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Vine Coin (VINE), the native cryptocurrency of the now-dormant Vine video app, logged a significant rally in the last few hours. The surge in the token's price was triggered after Tesla CEO Elon Musk indicated his plans to resurrect the app after it went into hibernation in 2017.
“Elon knew it! He knew it! I always said. I always said that he’s a good guy who’s right about everything,” Colbert said with obvious sarcasm. “I mean, everything. It is a great idea to name a baby 420 Kleep-Klorp 69.” “And this is obviously the most beautiful shape for a car,” Colbert added as a photo of a Tesla Cybertruck appeared on screen.