Mexican migrant family seeks to prevent deportation of ailing 4-year-old from the U.S.
The Trump administration has revoked permission for a 4-year-old Mexican girl who receives life-saving medical care from a California hospital to stay in the country, attorneys for the family said on Wednesday. (AP Video shot and produced by Eugene Garcia)
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Forbes
5 minutes ago
- Forbes
More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says
A pessimistic prediction for Tesla sales from Goldman Sachs added further fuel to the Tesla fire, as the unraveling relationship between Tesla CEO Elon Musk and his former close ally President Donald Trump plays out publicly, accelerating Wall Street's concerns about the increasing exposure of Tesla to Musk's outspoken politics. Elon Musk has alienated 'multiple sides of the political spectrum' from Tesla, according to one ... More prominent Wall Street analyst. In a late Thursday note to clients, Goldman Sachs analysts led by Mark Delaney slashed their forecast for second-quarter Tesla vehicle deliveries to 365,000, far below consensus analyst forecasts of 405,000, according to FactSet. That would be an 18% decline from the same period last year, equating to by far the weakest quarterly deliveries growth since at least 2015, the extent of quarterly delivery data available on Tesla's investor relations website. It's another knock for Tesla as analysts warn this week's quarrel between Musk and the president, who Musk donated $288 million last year to help elect alongside other Republican candidates, could further weigh on Tesla, which is already grappling with declining brand sentiment on the left, historically the base for EV purchasers. This disagreement 'could potentially (temporarily) alienate multiple sides of the political spectrum," warned Morgan Stanley analyst Adam Jonas in a Friday note. Tesla stock bounced back Friday, gaining 6% by early afternoon as part of a broader rally. That only recovered a small portion of Thursday's historic loss, as the Musk-led firm's share price is down 9% since Wednesday. The Musk-Trump division "clearly raises the degree of [near-term' uncertainty' for Tesla, according to TD Cowen analyst Itay Michaeli. Amid the kerfuffle, Trump threatened to cancel all of the federal government's contracts with Musk's portfolio of companies. That would likely impact the private aerospace and communications firm SpaceX far more than Tesla, which does not rely on government contracts for a significant portion of its revenues, but there is a way Trump could target Tesla's bottom line directly. Trump could restrict Tesla's ability to sell its automotive regulatory credits, according to Morningstar strategist Seth Goldstein, referring to the essentially free profit Tesla gets from selling its emissions credits to gas-powered automakers. That could dramatically reduce Tesla profits, as it reported $595 million in those regulatory credits compared to a $934 million net income during 2025's first quarter, meaning the credits directly contributed about two-thirds of its net profit. Since Musk announced his purchase of Twitter (now X) in 2022, Tesla stock has frequently faced downward pressure as its top decisionmaker and shareholder Musk became increasingly outspoken on politics to much controversy. Musk endorsed Trump in July and rose to become perhaps the most prominent and powerful figure in the early days of Trump's second administration, though the perceived impact of Musk's buddying up to Trump turned negative this year as sales globally for the automaker tumbled. In a further sign of fray in the relationship between Musk and Trump, the president has decided to sell his Tesla Model S, according to the New York Times. Tesla is expected to report its Q2 delivery numbers July 2.
Fox News
6 minutes ago
- Fox News
Behind the scenes of Trump's 'iconic' McDonald's visit before election victory
Fox Nation is offering a rare glimpse into Donald Trump's pivotal McDonald's visit during the final weeks of his 2024 campaign with a multi-episode installment of "The Art of the Surge." It all starts at a McDonald's drive-thru, where the then-GOP nominee traded a suit for an apron and got to work as a fry cook in Feasterville, Pennsylvania last October. "I've always wanted to work at McDonald's, and I never did," he told workers inside the building. The first episode of the series documents Trump's "first day" on the job from the very beginning, as he requested to work the french fry cooker and learned the process. He walked through, step-by-step, dunking fries into hot oil, shaking the basket, pouring servings into the signature red McDonald's cartons and sprinkling salt over them. It became an iconic moment on the campaign trail as the notorious New York City business magnate-turned-president performed a job many Americans have had at one point in their lives. He even greeted customers wrapped around the building at the drive-thru window. As one family took a Happy Meal from his hands he quipped with a smile, "It's going to be the best you've ever had. It had better be. I made it myself." Customers passed on their messages of encouragement as the high-stakes faceoff with then-vice president and Democratic presidential candidate Kamala Harris was merely two weeks away, with both teams in a mad sprint to the finish line. "Make America great again!" one driver said. Another, shaking hands with Trump, said, "45-47, you've got this, sir." Trump paused, on occasion, to wave at the mass of fans cheering and holding "Trump-Vance" signs nearby. He told WTXF reporter JoAnn Pileggi that the crowd was smiling and upbeat because they wanted hope. Turning back inside the building, he faced the camera at one point and smiled as he noted how much fun he was having. "I could do this all day. I wouldn't mind this job," he said. Trump's efforts were viewed by many as a mockery of a claim his opponent had worked for the fast food chain while in college. At one point, Trump even remarked, "I've now worked for 15 minutes. Fifteen more than Kamala." As his team departed on his personal plane, Trump's deputy director of communications Margo Martin enthused about the day. "That was epic," she said. "Donald Trump working the McDonald's drive-thru – iconic." Trump would go on to defeat Harris in the 2024 election, sweeping all campaign swing states, including Pennsylvania. "The Art of the Surge" follows that journey to the finish line even after the McDonald's stop-in, showing last-minute efforts like podcast visits and his massive Madison Square Garden rally, while also featuring Trump allies like Alina Habba, Tulsi Gabbard, Hulk Hogan and more. To watch the series, subscribe to Fox Nation and begin streaming "The Art of the Surge" today. Fox Nation programs are viewable on-demand and from your mobile device app, but only for Fox Nation subscribers. Go to Fox Nation to start a free trial and watch the extensive library from your favorite Fox Nation personalities.
New York Times
13 minutes ago
- New York Times
Tesla Shares Bounce After Tanking as Musk-Trump Spat Spiraled
Shares of Tesla rose on Friday, bouncing off one of the stock's sharpest declines in years — a day after Elon Musk and President Trump's partnership ended in a furious exchange of insults and acrimony. The stock rose more than 9 percent by Friday afternoon. The rebound came after the stock had plunged more than 14 percent on Thursday, its second worst decline since 2020. Even with Friday's jump, Tesla's stock is still down about 13 percent for the week. The fallout began this week after Mr. Musk criticized the policy bill that Mr. Trump is championing, calling it an 'abomination.' For investors, though, the concern is over how the spat might harm Mr. Musk's businesses. Mr. Trump threatened to slash federal contracts and tax subsidies for Mr. Musk's companies, which amount to billions of dollars. The concerns for Tesla, the only publicly traded company in Mr. Musks portfolio, are manifold. The electric vehicle maker has put its focus on autonomous driving, something the federal government would have authority to scrutinize. 'It's difficult to get excited about the long side of the stock given what happened this week,' said James Stanley, a senior strategist at StoneX. 'It ran so high on the hope that the Trump administration would be friendly to Tesla, and I can't imagine how that isn't changing right now.' Mr. Musk, he added, 'has this knack for getting investors to look so far into the future that they can kind of discount what's happening present tense.' But now, Tesla's stock is likely overvalued, Mr. Stanley said, especially given the likelihood of a less friendly stance from the Trump administration on the company's self-driving ambitions. Some analysts are more optimistic about Tesla's prospects. 'This spat between Trump and Musk does not change our firmly bullish view of the autonomous future,' analysts at Wedbush Securities said in a research note on Friday. The Republican spending bill would end a $7,500 tax credit from the federal government that has helped reduce the cost of electric vehicles, which analysts expect could cost Tesla as much as $1 billion in annual profit. But Mr. Trump has widely signaled that policy, and Mr. Musk has in the past said he is not bothered by it. Mr. Trump and his Republican allies are also planning to kill regulations that allow Tesla to sell clean air credits to other carmakers that fail to meet environmental standards. During the first quarter, Tesla sold credits worth $595 million, more than the company's net profit of $409 million. Tesla's shares have been on a roller coaster ever since Mr. Trump's election. The stock rallied sharply at the end of 2024 before dropping this year as consumer protests against the company intensified because of the role Mr. Musk was playing in the Trump administration. The stock is down about 20 percent so far this year.
