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‘Fake news'—Tesla's Elon Musk dashes investor hopes he may finally be leaving politics, insisting he's not going anywhere [Fortune]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
CEO would soon return to the private sector full-time, shares in the beleaguered carmaker surged. Amid all the grim news around Tesla, investors finally had cause to cheer on Wednesday. Politico leaked rumors that CEO Elon Musk would, at long last, return to run his business empire full-time, leaving his newfound love of politics behind. Shares in the company reversed their losses, soaring on the hopes that President Trump had in fact told his inner circle that the entrepreneur would soon be gone just as the article reported. Not so fast, Musk countered—he wasn't going anywhere. “Fake news,” posted the Tesla CEO, who only two weeks earlier proudly shared a glimpse of his new D.C. office as head of Trump's government efficiency task force DOGE. In two brief words, he dashed hopes among his investors that his political career as cost-cutter-in-chief was all but over. Hours earlier, Tesla shocked shareholders with its worst quarterly sales since the spring of 2022 almost three
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