From Nasdaq: 2025-06-02 14:04:00

Senior Tesla executives were concerned when Elon Musk denied the cancellation of the $25,000 electric vehicle project, sparking internal questions about transparency. Instead of the Model 2, Tesla will release budget versions of existing models. Musk’s exit from his advisory role to Trump may help Tesla focus on growth.

A U.S. trade court blocked Trump’s emergency-based tariffs, providing relief to industries affected by trade disruptions. The ruling emphasizes Congress’s power to regulate commerce and could reduce the U.S.’s average tariff rate temporarily. Analysts warn of potential legal battles and trade policy volatility ahead.

Tesla’s decision to delay the Model 2 and focus on budget variants of existing models has led to sales declines and increased competition from BYD in Europe. With Musk’s renewed focus and budget models set for release in 2025, investors are eager to see Tesla’s next move to restore confidence in its growth trajectory.



Read more at Nasdaq: Tesla (TSLA) Executives Clash Over Musk’s Denial of $25K EV Project, Triggering SEC Concerns