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The Latest Breaking News from Tesla Inc.

Tesla’s fall in numbers: The staggering profit drops that forced Musk to step back from DOGE

ANALYSIS : A 71 per cent drop in profits and tanking share price have forced Elon Musk to cut down his time as Trump’s costcutter-in-chief. Alicja Hagopian and Karl Matchett explore what happened

The Independent UK

Tesla’s Dirt-Cheap EV Might Just Be A Basic Model 3 Or Y

If you've been holding your breath for Tesla's mysterious $30,000 Cybercab-based affordable EV to land, I've got some bad news for you. It's probably not happening—at least not in the way that you had hoped. From the sounds of Tesla's earnings call, the automaker's affordable model won't be some cool…

InsideEVs

Edmunds: Five used luxury EVs you can get for cheap

Luxury EVs are high-tech, lavish and powerful

The Independent UK

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First Thing: US lawmakers decry ‘national disgrace’ of student detentions on visit to Ice jails

Delegation reports poor conditions. Plus, Musk says he will step back slightly from Doge after Tesla profits slide 71%

The Guardian - UK

Global markets rally after Trump walks back Powell attacks and Bessent looks for China 'de-escalation'

Investor optimism built off Bessent's remarks went into overdrive after President Donald Trump told reporters in the Oval Office that he had "no intention" of firing Fed Chair Jerome Powell.

Fortune

Stocks Set to Extend Rally on Fed Reprieve and Trade Optimism, U.S. PMI Data and Earnings in Focus

June S&P 500 E-Mini futures (ESM25) are up +2.01%, and June Nasdaq 100 E-Mini futures (NQM25) are up +2.51% this morning, extending yesterday’s rally as sentiment got a boost after the Trump administration’s move to alleviate some of the tensions unsettling investors.

Barchart

Trump says US education is getting out of DEI ‘after being in that jungle for a long time’ – as it happened

Executive orders crack down on DEI at US universities but seek to increase affordability and retention at Black colleges. This blog is now closed.

The Guardian - US

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Elon Musk says Tesla robot production hit by trade war with China

Tesla planned to produce thousands of Optimus robots this year, but are now lacking a key component

The Independent UK

Elon Musk claims Tesla is the top robot company but worries that Nos. 2 through 10 will be Chinese

The Tesla CEO revealed that production of the Optimus robot has been disrupted by trade frictions.

Fortune

Elon Musk to reduce role at Doge as Tesla struggles to sell cars

Elon Musk has said the time he spends with Donald Trump’s Department of Government Efficiency (Doge) will “drop significantly” from May and…

The National (Scotland)

How Musk Stepping Back From DOGE Could Jolt Tesla's Future

Elon Musk is scaling back his White House role to rescue Tesla after a 71% profit plunge and a brand crisis. Will his return spark a comeback or fall short? Share your take!

International Business Times UK

Elon Musk is stepping back from DOGE. Here’s why

IN FULL

The Independent UK

Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but would not hit zero

The Independent UK

Elon Musk was going to wrap up with DOGE after 130 days. Now it’s ‘a day or two’ per week for the rest of Trump’s term

With roughly 36 weeks left in the year, Musk could spend between 36 and 72 more days aiding President Trump this year—on top of the roughly 90 days he’s already been there.

Fortune

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Euronews

Musk vows to step back from DOGE job and put more time into Tesla

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.

Evening Standard

Elon Musk to slash Doge work as 'blowback' hits Tesla profits

Tesla has seen its profits plunge by 71% this year

Euronews

Tesla earnings decline as anti-Elon Musk sentiment hampers sales

Tesla’s first-quarter automotive revenue dropped 20% year-on-year due to reduced deliveries affected by anti-Musk sentiment, factory retooling, and seasonal factors. The company also faces supply chain and cost challenges linked to the US–China trade war.

International Business Times

Musk To Reduce White House Role As Tesla Profits Plunge

"Probably in the next month, my time allocation to DOGE will drop significantly," Musk said at the outset of an earnings conference call, referring to his work for the "Department of Government Efficiency."

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news in one place.

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Al Jazeera

Musk says he’ll spend less time working with Trump after Tesla profits sink

Tesla CEO says he will spend ‘far more’ of his time running carmaker after putting cost-cutting team in place.

Fortune

Elon Musk says first Tesla robotaxis in Austin will be a fleet of 10 to 20 Model Ys but gives few details: ‘You can just see for yourself in two months’

The Tesla robotaxi service, as stated, would be a significant leap in capability from what is currently available.

The Independent UK

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

Asian shares are mostly higher, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve

The Guardian - US

Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

Salon

Musk promises less time at DOGE

Musk told investors that his time at DOGE would "drop significantly" following a disastrous quarter

International Business Times

Moving Fast And Breaking Everything: Musk's Rampage Through US Govt

In Silicon Valley, they talk about "moving fast and breaking things." One of his first and splashiest moves was to send emails to 2.3 million civil servants, offering buyouts -- and making clear their futures now hang by a thread.

The Independent UK

EVs in the spotlight as China claims a leading global role at Shanghai's auto show

Leading automakers will be showcasing their latest designed-for-China models at the Shanghai auto show this week

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