Sluggish car sales and a tough price war with rivals are weighing on Elon Musk’s electric vehicle company.
Tesla’s doldrums
Elon Musk is an omnipresent figure in the news, given his recent endorsement of Donald Trump — who praised him in return — and his frequent, sometimes inflammatory, posts on his X social network.
But all that attention isn’t translating into success at Musk’s core business, as Tesla reported another sharp drop in quarterly profit that has spooked investors.