Morrison will testify for more oversight on autonomous vehicles to US Senate, which could pose challenges for EV makers like Tesla.

Elon Musk's empire isn't exactly crumbling, but it looks increasingly vulnerable as his falling out with President Trump intensifies. Why it matters: The world's richest person enjoyed ballooning wealth in the early days of his alliance with the president,

The president was very, very kind to him, and Elon had so much to offer us,” Wiles told The Post’s Miranda Devine.

Tesla's market volatility after Elon Musk picked another fight with Trump has seen short-sellers make a tidy profit this week.

Mr. Musk’s involvement in politics and his financial support for the president’s campaign were once seen by investors as a benefit to Tesla, fueling a steep rise in company shares after the election last year. That association has now turned into a liability. Tesla shares are down 40 percent from their peak in December.

Tesla is facing a tough time. The shares of the electric car company saw a sharp drop of around 7 percent after its CEO Elon Musk announced he is floating his new political party as tensions with President Trump escalates.

Tesla shares saw a steep decline among S&P 500 stocks on Monday, after tensions between CEO Elon Musk and US President Donald Trump flared up again over the weekend. Once a key Trump ally and major donor,

The astonishing public bonfire of the friendship between Donald Trump and Elon Musk has reportedly cost the tech entrepreneur £14.7 billion ($20 billion) and his investors have lost five times as much

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures.The stock market rally had a narrowly mixed session on the major indexes. Trump tariff headlines were in focus.