EV giant Tesla Inc. (TSLA) is urging potential customers to take delivery of their new vehicles before September 30 to qualify for $7,500 federal tax credit. Tesla shares were down 0.4% at the time of writing.

In response, Trump told NBC News that he had no intentions of speaking to Elon and said he would "pay very serious consequences" if he funded Democrats in future elections. Things simmered down when the two backtracked a bit. Trump told reporters he was planning on keeping the red Tesla.

But Tesla's troubles, though levered to Musk, may be deeper than Musk's distractions, such as politics, gaming, and colonizing Mars. A record fourth quarter delivery report in January seemed to indicate all was well with Tesla, but it doesn't tell the full story.

Elon Musk realized too late how badly Tesla would be hurt by Trump’s Big Beautiful Bill, according to former and current Tesla executives who now give more details about the impact on the company.

Elon Musk has escalated his feud with Steve Bannon by claiming that he was named in the “Epstein files.” Donald Trump’s Department of Justice and the FBI said in a memo made public on Sunday that there is no evidence that the disgraced financier kept a “client list” or evidence for further charges in the case.

Tesla stock is sliding on Monday after CEO Elon Musk's latest foray into politics, and Wall Street is growing concerned over the loss of EV tax and regulatory credits stemming from Trump's "One Big Beautiful Bill.

The parallels to Elon Musk and his America Party are obvious, but Musk may be lucky to get as far as Perot did. The Texas businessman won roughly 19 percent of the popular vote when he ran for president in 1992 — the most successful bid by any independent candidate in modern history — and took in nearly 8.

Elon Musk’s plan to create a new political party puts him in the company of a long line of business and political titans looking to upend the two-party system that has dominated U.S. politics since al