Tesla, Elon Musk
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President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Company points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.
Tesla will release its second quarter earnings on its website after U.S. markets close on Wednesday at 4:00 p.m. ET (2000 GMT). Company executives, including Musk, will hold a live Q&A webcast at 5:30 p.m. ET (2130 GMT). The automaker has invited retail investors to submit and upvote questions online.
The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.
Tesla opened the doors on its “retro-futuristic” drive-in diner in Hollywood, California on Monday after several years in development.
2don MSN
Looming over two cases threatening Musk’s car company is a single question: Can he be trusted?
The Miami case holds other dangers, too. Lawyers for the family of the dead woman, Naibel Benavides Leon, recently convinced the judge overseeing the jury trial to allow them to argue for punitive damages. A car crash lawyer not involved in the case, but closely following it, said that could cost Tesla tens of millions of dollars, or possibly more.
Tesla's debut in India has not convinced its early backers, who waited for the company to enter the market for nearly a decade.
Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."