Tesla CEO Elon Musk told investors he will reduce his role as a senior White House advisor to one or two days per week after reporting a 71% decline in net income, led by a 20% drop in automotive revenue. +

A Gallup poll finds 51% of Americans own or are open to owning an EV, unchanged from a year ago and down from 59% in 2023. Only 11% say they already own one or are “seriously considering” it. +

Edmunds analysts tell Reuters that Tesla vehicles accounted for 1.4% of all vehicles traded in at U.S. dealerships from Jan. 1 to March 15, up a full percentage point from March of 2024, as the EV maker faces declining sales and stock values. +

Registrations of new Teslas fell 11% year-over-year in January and lost 12 percentage points in U.S. market share. But the EV maker's stock value improved by 7.6%, partially offsetting a steep decline. +

President Donald Trump plans to purchase a Tesla in support of Elon Musk, the EV maker’s CEO and a senior White House advisor, in the face of protests, incidents of vandalism and a declining stock value. +

Members of the Trump administration’s transition team have recommended that NHTSA no longer require automakers to report fatal crashes involving self-driving technology. +

President-elect Donald Trump will take office with plans to levy tariffs, delete EV tax credits and rely on the counsel of Elon Musk, forcing auto industry leaders to prepare for multiple outcomes. +

A NHTSA investigation into 2.4 million Tesla vehicles equipped with optional Full Self-Driving software follows the latest of four reported collisions. +