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International Business Times
International Business Times
Business

Tesla To Report Results For 1st Time Since Trump Elected President

Tesla and SpaceX CEO Elon Musk shown arriving at US President Donald Trump's inauguration earlier this month (Credit: AFP)

Tesla is set to report earnings Wednesday for the first time since President Donald Trump -- a close ally of CEO Elon Musk -- returned to the White House.

The fourth-quarter results conclude a mixed year for Tesla. While the company's profits were pressured by vehicle price cuts introduced amid intensifying electric vehicle (EV) competition, Musk's monumental bet on Trump's candidacy proved successful.

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