Tesla has made billions off electric cars its rivals aren't selling, but President Donald Trump's anti-EV policies put that revenue stream at risk.

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.

It’s hard to fault a CEO who grows a company beyond $1 trillion in value. Elon Musk managed the feat by upending the automotive market with Tesla’s electric vehicles and extended its lead with broader battery power.

Elon Musk “very much” overstepped his bounds when he criticized a $500 billion artificial intelligence project touted by President Donald Trump, according to a White House official as aides are reportedly “furious” with the tech mogul while allies lament that he “abused the proximity to the president.”

The White House broke its days-long silence about SpaceX CEO Elon Musk on Friday, as questions swirled about whether Musk had rankled President Donald Trump when he publicly bashed Stargate, the Trump administration's first major tech initiative.

President Trump’s allies and aides are learning to deal with Tesla CEO Elon Musk, who has had a consistent presence in the early days of the Trump administration. Musk had a front-row seat at

After Trump’s presidential victory in November 2024, Tesla stock surged as Musk’s status as head of the Department of Government Efficiency (DOGE) helped generate positive momentum. But since Trump’s inauguration on January 20, shares have been trending downward, even as the company nears a key earnings report.

“Right now, he’s bulletproof,” a Republican operative said of Musk, the 53-year-old billionaire businessman who is leading Trump’s Department of Government Efficiency. Several Republican insiders and conservative activists, who requested anonymity to discuss both Musk and the president, offered similar views.

Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025. "With the advancements in vehicle autonomy and the introduction of new products,

Sean Duffy, the new transportation secretary, is facing his first major crisis just hours after his swearing-in. Duffy, who was confirmed by the Senate Tuesday, quickly emerged as a public face of the federal government’s response to the deadly plane crash at Reagan National Airport,

Musk has former employees installed at the government’s HR shop, and several have appeared at its acquisition, tech and real estate agency as well.