TechCrunch Mobility: Tesla takes a hit, tariff chaos begins, and one EV startup hits a milestone
Published on: 2025-05-12 22:52:00
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Over the 13 years reporting on Tesla and its CEO, Elon Musk, I have watched the rise, fall, near misses, and rise again of the company and its billionaire leader. Musk, known for his willingness to take risks, has admitted how close the company came to filing for bankruptcy before turning it all around.
It was that “us versus them” storyline that helped turn Musk into a symbol of innovation.
His political alignment with President Trump, and more importantly, his activities as the unofficial leader of the Department of Government Efficiency, has changed public perception of Musk. But it’s Tesla that is taking the biggest hit, including a drop in Q1 sales, global Tesla Takedown protests, and a falling stock price. And automakers, which have long trailed Tesla in EV sales, are taking advantage of this opening by offering s
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