Tesla, Elon Musk and Donald Trump
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Tesla's chief financial officer, Vaibhav Taneja, said that President Donald Trump's tax bill could affect the availability of its cars.
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MiBolsilloColombia on MSNTesla braces for tough quarter as sales dip and $7,500 EV tax credit disappearsTesla’s sales are slipping as it prepares to lose the $7,500 EV tax credit—raising stakes in an increasingly competitive market.
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Investor's Business Daily on MSNStock Market Today: Dow Rises On Trump Trade Deal; Nvidia Up On Tesla's Musk AI Startup News (Live Coverage)In stocks, Nvidia more than 1% rose as investors await Alphabet GOOGL earnings at market close. Shares also rose following a Wall Street Journal report that Tesla TSLA Chief Executive Elon Musk's xAI startup is looking to raise up to $12 billion to buy Nvidia chips to train xAI's Grok chatbot.
He said his ownership stake is "a major concern," noting he hoped the Tesla board addresses the issue at its annual shareholder meeting in November.
Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings. "The perception of Elon Musk,