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Leader of the Department of Government Efficiency Elon Musk wears a shirt that says “Tech Support” as he speaks during a cabinet meeting with US President Donald Trump at the White House in Washington, DC, on February 26, 2025. 

Jim Watson | Afp | Getty Images

Tesla’s stock started off March the way it left off February: in the red.

In CEO Elon Musk’s first full month as part of President Donald Trump‘s White House, shares of his electric vehicle company plunged 28%, the steepest drop since December 2022. The stock fell another 3% on Monday, the first trading day in March, pushing the company’s market cap to about $915 billion.

The slide on Monday followed a social media post from Musk over the weekend, suggesting that a “1000% gain for Tesla in 5 years is possible” with “outstanding execution.” And Morgan Stanley named Tesla its top pick in U.S. autos in a note on March 2.

In the company’s fourth-quarter earnings report in late January, Tesla said automotive revenue sank 8% from a year earlier and reported a 23% drop in operating income. The company cited reduced average selling prices across its Model 3, Model Y, Model S and Model X lines as a major reason for the decline.

Tesla also stands to take a hit from new tariffs being implemented by Trump that apply to goods and materials coming from Canada and Mexico, where some of its key suppliers are based.

But the recent stock price decline is not just about what’s been happening at Tesla. Musk’s politics, work and antics outside of Tesla are apparently taking a toll.

Musk is currently leading the so-called Department of Government Efficiency, or DOGE, which is making sweeping cuts to the U.S. federal workforce, slashing federal spending, and seeking to eliminate regulations and consolidate agencies, all while pursuing new government contracts for his companies.

In addition to Tesla, Musk runs SpaceX and the artificial intelligence startup xAI. He also owns social media company X.

Both Trump's tariff threats and DOGE create uncertainty for the stock market & economy: Jim Messina

Though he has preached transparency at DOGE, Musk has kept many details about the group’s work and plans hidden from public view, all while attaining unprecedented access to federal government computer systems and sensitive data without congressional approval.

On X, where his profile boasts 219.2 million followers, Musk has also become more involved in international affairs, for example, promoting Germany’s far-right anti-immigrant party AfD, and drawing accusations of election interference by European leaders.

The Tesla CEO has also used X to spread falsehoods about how Ukrainians view their president, Volodymyr Zelenskyy, and to baselessly accuse him of seeking a “forever war” with Russia — comments that resemble Kremlin talking points.

In response, anti-Musk and anti-Tesla sentiment has erupted across Europe and the U.S.

An ad from London recently went viral after appearing at a bus kiosk, Euronews reported. The ad gives a Tesla car the nickname of “Swasticar,” and features an image of Musk making a gesture identified by historians as a Nazi salute. Dozens of Tesla electric vehicles were also reportedly burned in a suspected arson attack in France on Sunday night.

Tesla new vehicle registrations have been on a steep decline in Europe, falling in France and Scandinavia in the first two months of 2025, and plummeting in Germany by around 60% in January from a year earlier.

Demonstrators hold signs during a protest at electric carmaker Tesla’s showroom in Seattle, Washington, U.S., Feb. 15, 2025. 

David Ryder | Reuters

In the U.S., a series of vandalism incidents began on Jan. 29, at a Tesla facility in Loveland, Colorado. Over the weekend in New York, nine people were reportedly arrested and subsequently released after a demonstration outside of a Tesla dealership.

Cybertruck owners in the U.S. have complained of negative reactions to their angular, steel Tesla trucks ranging from rude gestures to more intimidating bullying or harassment.

And a movement that calls itself the Tesla Takedown is now encouraging people to divest from Tesla, and to refrain from buying cars or any other products or services from Musk’s company.

The movement has gained celebrity support. Japanese American actor and author George Takei, most famous for his portrayal of Hikaru Sulu on “Star Trek,” on Sunday encouraged his followers on social network Bluesky to consider joining the Tesla Takedown movement.

When Musk does focus his attention back on Tesla, rather than the White House, he plays up the company’s future in self-driving cars and humanoid robotics.

However, Tesla currently trails some rivals in China and the U.S. in self-driving technology, as a number of companies are already operating commercial robotaxi services while Tesla’s CyberCab is not yet in production.

Several Chinese automakers have also begun to offer partially automated driving systems that compare with Tesla’s Autopilot and Full Self Driving Supervised options, either for free or at a much lower cost than Tesla’s.

On the company’s latest earnings call, Musk told investors that Tesla should “be launching unsupervised Full Self-Driving as a paid service” in Austin, Texas, in June. He said driverless testing would follow in other U.S. cities shortly after that.

Alphabet-owned Waymo is way ahead, announcing recently that it’s providing 200,000 trips each week across San Francisco, Phoenix and Los Angeles.

Tesla and Musk didn’t respond to requests for comment.

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How quantum could supercharge Google’s AI ambitions

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How quantum could supercharge Google’s AI ambitions

Inside a secretive set of buildings in Santa Barbara, California, scientists at Alphabet are working on one of the company’s most ambitious bets yet. They’re attempting to develop the world’s most advanced quantum computers.

“In the future, quantum and AI, they could really complement each other back and forth,” said Julian Kelly, director of hardware at Google Quantum AI.

Google has been viewed by many as late to the generative AI boom, because OpenAI broke into the mainstream first with ChatGPT in late 2022.

Late last year, Google made clear that it wouldn’t be caught on the backfoot again. The company unveiled a breakthrough quantum computing chip called Willow, which it says can solve a benchmark problem unimaginably faster than what’s possible with a classical computer, and demonstrated that adding more quantum bits to the chip reduced errors exponentially. 

“That’s a milestone for the field,” said John Preskill, director of the Caltech Institute for Quantum Information and Matter. “We’ve been wanting to see that for quite a while.”

Willow may now give Google a chance to take the lead in the next technological era. It also could be a way to turn research into a commercial opportunity, especially as AI hits a data wall. Leading AI models are running out of high-quality data to train on after already scraping much of the data on the internet.

“One of the potential applications that you can think of for a quantum computer is generating new and novel data,” said Kelly. 

He uses the example of AlphaFold, an AI model developed by Google DeepMind that helps scientists study protein structures. Its creators won the 2024 Nobel Prize in Chemistry. 

“[AlphaFold] trains on data that’s informed by quantum mechanics, but that’s actually not that common,” said Kelly. “So a thing that a quantum computer could do is generate data that AI could then be trained on in order to give it a little more information about how quantum mechanics works.” 

Kelly has said that he believes Google is only about five years away from a breakout, practical application that can only be solved on a quantum computer. But for Google to win the next big platform shift, it would have to turn a breakthrough into a business. 

Watch the video to learn more.

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Nintendo Switch 2 retail preorder to begin April 24 following tariff delays

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Nintendo Switch 2 retail preorder to begin April 24 following tariff delays

An attendee wearing a Super Mario costume uses a Nintendo Switch 2 game console while playing a video game during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. 

Isabel Infantes | Reuters

Nintendo on Friday announced that retail preorder for its Nintendo Switch 2 gaming system will begin on April 24 starting at $449.99.

Preorders for the hotly anticipated console were initially slated for April 9, but Nintendo delayed the date to assess the impact of the far-reaching, aggressive “reciprocal” tariffs that President Donald Trump announced earlier this month.

Most electronics companies, including Nintendo, manufacture their products in Asia. Nintendo’s Switch 1 consoles were made in China and Vietnam, Reuters reported in 2019. Trump has imposed a 145% tariff rate on China and a 10% rate on Vietnam. The latter is down from 46%, after he instituted a 90-day pause to allow for negotiations.

Nintendo said Friday that the Switch 2 will cost $449.99 in the U.S., which is the same price the company first announced on April 2.

“We apologize for the retail pre-order delay, and hope this reduces some of the uncertainty our consumers may be experiencing,” Nintendo said in a statement. “We thank our customers for their patience, and we share their excitement to experience Nintendo Switch 2 starting June 5, 2025.”

The Nintendo Switch 2 and “Mario Kart World bundle will cost $499.99, the digital version “Mario Kart World” will cost $79.99 and the digital version of “Donkey Kong Bananza” will cost $69.99, Nintendo said. All of those prices remain unchanged from the company’s initial announcement.

However, accessories for the Nintendo Switch 2 will “experience price adjustments,” the company said, and other future changes in costs are possible for “any Nintendo product.”

It will cost gamers $10 more to by the dock set, $1 more to buy the controller strap and $5 more to buy most other accessories, for instance.

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Etsy touts ‘shopping domestically’ as Trump tariffs threaten price increases for imports

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Etsy touts 'shopping domestically' as Trump tariffs threaten price increases for imports

An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.

Victor J. Blue/Bloomberg via Getty Images

Etsy is trying to make it easier for shoppers to purchase products from local merchants and avoid the extra cost of imports as President Donald Trump’s sweeping tariffs raise concerns about soaring prices.

In a post to Etsy’s website on Thursday, CEO Josh Silverman said the company is “surfacing new ways for buyers to discover businesses in their countries” via shopping pages and by featuring local sellers on its website and app.

“While we continue to nurture and enable cross-border trade on Etsy, we understand that people are increasingly interested in shopping domestically,” Silverman said.

Etsy operates an online marketplace that connects buyers and sellers with mostly artisanal and handcrafted goods. The site, which had 5.6 million active sellers as of the end of December, competes with e-commerce juggernaut Amazon, as well as newer entrants that have ties to China like Temu, Shein and TikTok Shop.

By highlighting local sellers, Etsy could relieve some shoppers from having to pay higher prices induced by President Trump’s widespread tariffs on trade partners. Trump has imposed tariffs on most foreign countries, with China facing a rate of 145%, and other nations facing 10% rates after he instituted a 90-day pause to allow for negotiations. Trump also signed an executive order that will end the de minimis provision, a loophole for low-value shipments often used by online businesses, on May 2.

Temu and Shein have already announced they plan to raise prices late next week in response to the tariffs. Sellers on Amazon’s third-party marketplace, many of whom source their products from China, have said they’re considering raising prices.

Silverman said Etsy has provided guidance for its sellers to help them “run their businesses with as little disruption as possible” in the wake of tariffs and changes to the de minimis exemption.

Before Trump’s “Liberation Day” tariffs took effect, Silverman said on the company’s fourth-quarter earnings call in late February that he expects Etsy to benefit from the tariffs and de minimis restrictions because it “has much less dependence on products coming in from China.”

“We’re doing whatever work we can do to anticipate and prepare for come what may,” Silverman said at the time. “In general, though, I think Etsy will be more resilient than many of our competitors in these situations.”

Still, American shoppers may face higher prices on Etsy as U.S. businesses that source their products or components from China pass some of those costs on to consumers.

Etsy shares are down 17% this year, slightly more than the Nasdaq.

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