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    Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job

    The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.Tesla is expected to report on Tuesday that its profits fell in the first three months of the year, which could increase the pressure on Elon Musk, the automaker’s chief executive, to curtail his work for President Trump and spend more time managing the company.Wall Street analysts expect Tesla to say its net profit declined slightly from $1.1 billion in the first quarter of 2024.Tesla sales have been slumping because of intense competition from Chinese carmakers like BYD, a lack of new models and Mr. Musk’s support of far-right causes, which has turned away some liberals and centrists from buying Tesla vehicles.Tesla remains the most valuable automaker in the world as measured by its stock price, but its shares have lost about half their value since mid-December as investors have grown more pessimistic about the company’s prospects and concerned about Mr. Musk’s role in the Trump administration.Tesla has steadily lost market share to Chinese carmakers and more established automakers, like General Motors, Volkswagen and Hyundai, that have been offering a growing selection of electric vehicles.Mr. Musk’s company once hoped to sell 20 million vehicles a year by the end of the decade, twice as many as Toyota. But sales have been sliding after climbing to 1.8 million in 2023. Last year, the company sold 1.7 million cars, and its global sales fell 13 percent in the first quarter of 2025 from a year earlier.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Suspect Arrested in Arson Attacks on New Mexico G.O.P. Office and a Tesla Dealer

    Jamison Wagner, 40, of Albuquerque, faces up to 40 years in prison if convicted, the authorities said.An Albuquerque man was arrested on Monday in connection with the fire bombings of the Republican Party of New Mexico’s headquarters in March and a Tesla dealership in February, attacks that the federal authorities have designated as “domestic terrorism.”The suspect, Jamison Wagner, 40, had parked his white Hyundai sedan at both locations before the arson attacks and then drove away, according to security and traffic camera images released by the Justice Department.Federal prosecutors said that surveillance footage from the Tesla showroom near Albuquerque on Feb. 9 showed him carrying a box of supplies that he used to spray-paint graffiti on the building and several vehicles. Investigators said that he had scrawled the phrases “Die Elon,” “Tesla Nazi Inc” and “Die Tesla Nazi,” references to the company’s billionaire founder, Elon Musk, who is leading the Trump administration’s cost-cutting program. Mr. Wagner was then observed breaking some car windows and throwing an incendiary device inside one of them, destroying it, a criminal complaint said.Several weeks after that arson attack, the authorities said, Mr. Wagner struck again, torching the lobby of the Republican Party of New Mexico’s headquarters during the early morning hours of March 30.Damage from a fire at the Republican Party of New Mexico’s headquarters in Albuquerque in March.New Mexico G.O.P.Investigators say that he left behind critical evidence each time, connecting him to both crimes: lids from a jar of Smucker’s jelly and a container of olives that they said he had filled with gasoline. Both lids had the letter “H” or “I” written on them with what appeared to be a marker, photographs showed.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Tesla U.S. Sales Plunge as G.M. and Others Make Gains

    Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric vehicles grew, according to data compiled by a research firm.Car buyers are moving away from Teslas and toward models like General Motors’ Chevrolet Equinox electric vehicle, which starts at around $35,000 and can travel more than 300 miles on a charge, Cox Automotive, the research firm, said in a report.Sales of all electric vehicles in the United States rose 11 percent during the first quarter to about 300,000 cars and light trucks, Cox said, much faster than the overall auto market, which has been flat. About 8 percent of new domestic car sales were electric, Cox said, a slight increase from 2024.“Despite many obstacles — and what you may read elsewhere — electric vehicle sales continue to grow at a healthy pace in the U.S. market,” the firm said.Tesla, whose chief executive is Elon Musk, still sells far more electric cars in the United States than any other automaker, accounting for 44 percent of the market, according to Cox. But its share has fallen from 51 percent a year earlier.The decline in Tesla’s U.S. sales mirror a global slump. The company said this month that deliveries during the quarter in all markets fell 13 percent to 337,000 vehicles.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Specter of Auto Tariffs Spurs Some Car Buyers to Rush Purchases

    “Prices are going to shoot up now,” one shopper said. But some dealers said that economic concerns might be keeping people away.Ziggy Duchnowski spent Saturday morning car shopping along Northern Boulevard in Queens with two goals in mind.He wanted to find a new small car for his wife, and he hoped to strike a deal before the new tariffs that President Trump is imposing on imported cars and trucks affect prices.“The word on the street is prices are going to shoot up now,” said Mr. Duchnowski, 45, a union carpenter who voted for Mr. Trump, holding the hands of his two small children.The tariffs — 25 percent on vehicles and parts produced outside the United States — will have a broad impact on the North American auto industry. They are supposed to go into effect on April 3 and are sure to raise the prices of new cars and trucks.They will also force automakers to adjust their North American manufacturing operations and scramble to find ways to cut costs to offset the tariffs. And for now at least, they are spurring some consumers to buy vehicles before sticker prices jump.Analysts estimate that the tariffs will significantly increase the prices of new vehicles, adding a few thousand dollars for entry-level models to $10,000 or more for high-end cars and trucks. Higher prices for new vehicles are also likely to nudge used-car prices higher.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump Auto Tariffs: How Major Car Brands Would Be Affected

    The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad.But there will be important differences based on the circumstances of each company.TeslaThe company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the United States in factories in California and Texas. As a result, it is perhaps the least exposed to tariffs.But the company does buy parts from other countries — about a quarter of the components by value in its cars come from abroad, according to the National Highway Traffic Safety Administration.In addition, Tesla is struggling with falling sales around the world, in part because Mr. Musk’s political activities and statements have turned off moderate and liberal car buyers. Some countries could seek to retaliate against Mr. Trump’s tariffs by targeting Tesla. A few Canadian provinces have already stopped offering incentives for purchases of Tesla’s electric vehicles.General MotorsThe largest U.S. automaker imports many of its best selling and most profitable cars and trucks, especially from Mexico where it has several large factories that churn out models like the Chevrolet Silverado. Roughly 40 percent of G.M.’s sales in the United States last year were vehicles assembled abroad. This could make the company vulnerable to the tariffs.But unlike some other automakers, G.M. has posted strong profits in recent years and is considered by analysts to be on good financial footing. That could help it weather the tariffs better than other companies, especially if the levies are removed or diluted by Mr. Trump.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    A Musk Lawsuit in Wisconsin Is the Backdrop to the State’s Supreme Court Race

    A legal battle over Tesla sales in Wisconsin is the quiet backdrop to a big State Supreme Court race.I was driving from Eau Claire, Wis., to Minneapolis last week when I saw the sign.A Tesla sign.Soon after I crossed the St. Croix River, which divides Wisconsin and Minnesota, a brick-and-steel tower visible from Interstate 94 advertised the Tesla store and service center in Lake Elmo, Minn.The dealership’s proximity to the state line is probably no accident: Wisconsin law prohibits vehicle manufacturers from selling cars directly to customers there, the way Tesla usually does. Instead, companies need to work through local franchisees — think Hank’s Ford or Jimmy’s Subaru, that sort of thing.This means that, in Wisconsin, you can’t actually stroll into a dealership and leave with a Tesla. You can look at one — the company has showrooms in Madison and Milwaukee — but if you want one, you’ll generally have to buy it online and pick it up somewhere like Lake Elmo or Northern Illinois, or have it delivered.Tesla sued Wisconsin over this law in January. Now, Tesla’s owner, Elon Musk, is spending big money on the state’s Supreme Court race.The lawsuit has become a major focus for Democrats, who are accusing Musk of trying to buy a justice and swing the very court that might at some point consider his lawsuit. My colleagues Reid Epstein, who writes about national politics, and Neal Boudette, who covers the auto industry, teamed up to explore the relationship between the lawsuit and Musk’s $20 million investment — so far — in the judicial election, which will be held on April 1.The politics of Tesla’s fight with Wisconsin are, like so much involving Musk, kind of topsy-turvy. It pits car dealers, who tend to be Republican, against Musk supporters, who these days also tend to be Republican.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Why Elon Musk and Tesla Have a Legal Bone to Pick With Wisconsin

    As the billionaire and his allied groups pour more than $20 million into a race for the state’s top court, his car company is suing Wisconsin over a law restricting vehicle sales.Elon Musk is far and away the biggest spender in this year’s race for the Wisconsin Supreme Court, throwing his fortune behind a conservative candidate aiming to topple the court’s 4-to-3 liberal majority.The deluge of cash — $20 million and counting from Mr. Musk and groups tied to him — comes as his electric car company, Tesla, is suing Wisconsin over its law prohibiting vehicle manufacturers from selling cars directly to consumers. The law requires a franchisee to act as a middleman.Tesla filed the lawsuit in January, days before Mr. Musk began spending on the race. He has not publicly mentioned the litigation, but for weeks it has served as a backdrop of the April 1 election. The case is now before a court in Milwaukee County, but it could proceed to the Wisconsin Supreme Court in the coming months.The conservative candidate, Brad Schimel, a Waukesha County judge who has declined to discuss the Tesla case, appeared with Mr. Musk on a social media livestream on Saturday and drew President Trump’s endorsement late last week. He faces Susan Crawford, a liberal Dane County judge backed by Wisconsin Democrats.Since Mr. Musk began spending to help Judge Schimel, Judge Crawford and Wisconsin Democrats have built their public messaging around the idea that she is in a battle with the billionaire leading Mr. Trump’s destruction of the federal government.“It is no coincidence that Elon Musk started spending that money within days of Tesla filing a lawsuit in Wisconsin,” Judge Crawford said during a televised debate this month.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Assessment Warns Against Conflating Legal Musk Protests With Tesla Vandalism

    President Trump has suggested attacks against Tesla are a coordinated effort to intimidate the billionaire Elon Musk, but an internal intelligence assessment did not support that claim and warned against conflating legal protests against Mr. Musk with vandalism to his property.The attacks on Tesla vehicles and facilities “appear to have been conducted by lone offenders, and all known incidents occurred at night, making identification and arrest of the actors difficult,” officials with the Justice Department and Department of Homeland Security wrote in an intelligence bulletin dated March 21 and obtained by The New York Times.The initial assessment, shared with law enforcement agencies across the country and subject to change as investigations proceed, was based on an analysis of vandalism investigations in nine states over the past two months. It concluded that the attacks, which included firing gunshots, spraying graffiti, smashing windows and setting vehicles on fire, were “rudimentary” and not intended to injure people.The people taking these actions “may perceive these attacks as victimless property crimes,” but their “tactics can cause accidental or intentional bodily harm” to bystanders and first responders, the officials wrote in the report.While law enforcement agencies should aggressively pursue people committing those acts, they should not investigate “constitutionally protected activity” directed at Mr. Musk, who has overseen a far-reaching effort to reduce the size and function of the federal government, they added.Last week, Attorney General Pam Bondi described the Tesla attacks as “domestic terrorism.” The director of the F.B.I., Kash Patel, reiterated that assessment on Monday, saying it was investigating what he described as an increase in violent activity.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More