Tesla's market capitalization has fallen by 45% since a peak of $1.5 trillion on Dec. 17, erasing significant gains.

Tesla removed from $400M federal contract amid Musk scrutiny

Feb 13

The U.S. State Department was expected to award Elon Musk’s Tesla a $400 million contract for armored vehicles, but the word “Tesla” was removed from the procurement document. The procurement document was revised to indicate an intent to purchase “armored electric vehicles” without specifically naming Tesla.

White House Press Secretary Karoline Leavitt stated that Musk would avoid conflicts of interest but did not provide details on how.

Concerns about conflicts of interest have been raised due to Musk’s involvement with multiple federal contracts and agencies.

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Left

Lean
Left

State Department to buy $400m ‘armored’ Teslas from Elon Musk

The Independent

Plans to Buy ‘Armored Teslas’ Vanish From Procurement List

Bloomberg

State Department removes mention of ‘armored Teslas’ from its 2025 procurement list, replaces it with ‘armored electric vehicles’

Business Insider

Center

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Right

‘$400 million’: Elon’s astonishing move

News

U.S. plan to award $400M vehicle contract removes reference to Musk’s Tesla

New Hampshire Union Leader

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Right

Far
Right

Elon Musk Denies that Tesla is Getting $400 Million to Supply Armored Vehicles to the Government; Musk adds, “I’m Pretty Sure Tesla isn’t Getting $400M. No One Mentioned it To Me, At Least.”

Torque News

45 other sources covering this story

Total News Sources 45

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Center 4

Leaning Right 6

Last Updated 1 month ago

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Tesla removed from $400M federal contract amid Musk scrutiny

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