Tesla warned of the hit to its bottom line from tariffs, while SpaceX complained how foreign trade barriers affect its Starlink internet satellite service.

President Donald Trump selected a shiny red Tesla on the White House driveway as he showed support for Elon Musk's electric automaker.

America PAC has now moved on to influencing the Wisconsin Supreme Court race, with Musk’s group dropping over $8 million to support a conservative judge in an election next month, according to the Associated Press. Donald Trump Jr. and Charlie Kirk are even swooping in to hold a town hall for the conservative judge on Monday.