Tesla had its worst year in more than a decade, reporting a 1.1% year-over-year sales loss for 2024.

Elon Musk’s net worth fell below $400 billion for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price. The automaker’s stock has fallen 27% after hitting an all-time high in mid-December on hopes that Musk’s proximity to President Donald Trump would boost the company’s fortunes.

Elon Musk has been accused of attempting a coup or hostile takeover of the US government. His actions could better be described as a form of ‘state capture’. Here’s what that means.

Elon Musk has long railed against the U.S. government, saying a crushing number of federal investigations and safety programs have stymied Tesla, his electric car company, and its efforts to create self-driving automobiles.