The cumulative value of SpaceX, Neuralink, the Boring Company, and xAI has shot up 45% on private markets since last November, according to data provided to Fortune by secondary market trading platform Caplight . Musk's social media company X was not factored into the calculation because of a lack of interest from investors on the secondary market.

The former U.S. Navy combat pilot and astronaut said he doesn't want to drive a car that reminds him of the damage Musk and Trump are doing to the country.

Elon Musk was considered just another eccentric genius, but recent developments have put him at the center of American politics.

Tesla has lost share to Chinese competitors, while Elon Musk’s political activities have led to steep declines in Tesla sales in Europe.

Elon Musk's company intends to unveil a more economical version of the Model Y SUV in order to recover its market share in China's highly competitive electric vehicle market. The company has also planned to set up mass production by 2026.

In a bid to regain market share in China, Tesla (NASDAQ:TSLA) is reportedly developing a lower-cost version of its best-selling Model Y in Shanghai. Citing people with knowledge of the matter, Reuters reported that the new model will be more compact and at least 20% cheaper to manufacture than the refreshed Model Y,