Investors are looking for evidence Musk’s politics are hurting Tesla. It’s hard to find, but California might be turning against Musk—slowly.

The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Tesla stock is up 100% in the last 12 months, and the company reports earnings on Jan. 29. The EV maker is seeing delivery growth stall. It has ambitious plans for new technological innovations but has little to show for it right now.

Tesla shares were sliding nearly 5% in midday trading. Tesla’s stock (Nasdaq:TSLA) moved lower once again Monday, falling almost 5% in midday trading, the continuation of a fairly steady decline since Donald Trump took office.

Tesla’s (TSLA) electric vehicle registrations in California declined by about 12% last year, according to industry data. This downward trend is

Tesla's electric-vehicle registrations in California fell about 12% last year, according to industry data, indicating mounting challenges for the automaker in the key U.S. market. While high interest rates,

While other business factors also came into play, Tesla likely lost business in California as a result of the role Elon Musk played in the U.S. election.

For years, Tesla has been the undisputed heavyweight of California’s growing electric vehicle market. It’s dominated sales charts, crushed the competition, and made itself syn

For years, Tesla has been a leader in the electric vehicle market. The company’s products have pushed envelopes, raised the bar, and generated unprecedented buzz – along with booming sales. However, the days of Tesla’s total dominance in the EV world may be drawing to a close.

Registration of Tesla’s electric vehicles (EVs) in California plummeted by 11.6 percent in 2024, a new report has found. The company’s market share also dropped 7.6 percent last year, now holding just 52.