President Donald Trump has revealed he was “amazed” Elon Musk endorsed him to become president, given his longstanding plans to scrap electric vehicle subsidies. One week after their nuclear breakup, Trump also softened significantly on his former First Buddy, describing him on Thursday as a “friend of mine” who “got a bit strange” in recent weeks.

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Tesla drivers in France are suing Elon Musk's EV maker for turning their vehicles into what they characterize as "extreme-right" symbols.

Mar-a-Lago insiders share details about Elon Musk's time at Donald Trump's Palm Beach estate, including the last time he was spotted there prior to the duo's public feud

Zevo is a new peer-to-peer car-sharing startup, which is broadly similar to Turo, but focused exclusively on electric vehicles.

xAI is the company behind Grok, Musk’s “anti-woke” chatbot that is, sometimes, surprisingly woke. It also has, on occasion, broken down and ranted about “white genocide” unprompted. The company merged with X (the company formerly known as Twitter, which Musk bought in 2022) earlier this year.

President Donald Trump reflected on how his working relationship with Elon Musk shifted in recent weeks before the pair found themselves in an explosive falling out

In June 2025, a video circulating online authentically showed U.S. President Donald Trump announcing a ban on the production of Tesla electric cars in the U.S.