Tesla’s latest earnings report reveals a rare sales decline and stock dip, as CEO Elon Musk’s escalating controversies and political entanglements raise questions about the brand’s long-term consumer trust and market position.

Elon Musk said Tesla will begin launching unsupervised self-driving models in Austin, Texas by June and several other U.S. cities by the end of 2025.

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.

A quick look at Elon Musk’s social media pages makes it clear that he’s more focused on his work in Washington D.C. than anything involving electric vehicles (EVs) or rockets. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Even as Tesla TSLA prepares to report its Q4 earnings and full-year guidance after market close Wednesday,

The Tesla CEO's net worth fell by around $4 billion yesterday, however, according to the Bloomberg Billionaire Index.

Tesla reported disappointing fourth-quarter earnings for 2024, with revenue of $25.7billion (£20.6billion) falling short of Wall Street analysts' predictions of $27.2billion (£21.8billion). The electric vehicle maker's shares dropped approximately four per cent in after-hours trading following the announcement on Wednesday.

Elon Musk, the genius billionaire behind Tesla, SpaceX, and now the Department of Government Efficiency (D.O.G.E), has vowed to cut wasteful spending in Washington under his “best friend” President Donald Trump’s administration.