Tesla Out, Ford In: City Of Baltimore Goes 'In A Different Direction' Reversing EV Deal From 2024

Chris Katje

March 10, 2025

Electric vehicle company Tesla Inc (NASDAQ:TSLA) landed many deals with cities for vehicles that can be used by police or other government officials over the years.

One of those recent deals was canceled, but it doesn't appear that politics got in the way.

What Happened: A $5 million contract between Tesla and the Baltimore, Maryland, was paused in September, giving way to a rival scooping up the electric vehicle deal.

As reported by Teslarati, Baltimore Mayor Brandon Scott paused the deal in September with the city opting to "go in a different direction" for a fleet of electric vehicles for the city.

"No Tesla units have been ordered, and none are in the city's fleet," city spokesman John Riggin said, confirming Tesla was not being used for the deal.

Riggin said there was no obligation to spend the money with Tesla and the $5 million amount is a ceiling for maximum value and not a minimum commitment. The contract, set to run until 2027 saw the city turn from Tesla to EV rivals including General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F) for consideration.

City Comptroller Bill Henry told the Baltimore Sun the city went back to buying Mustang Mach-Es from Ford, the vehicle that the Tesla deal originally replaced in July 2024.

Read Also: Tesla Bloodbath To Continue? Hedge Funder Says ‘Musk Circus’ Could Lead To Stock Dropping 95%

Why It's Important: The Tesla contract has not officially been canceled, according to the report, but Henry said the city is going back to Ford is likely a telling sign.

Switching from Tesla to Ford could draw some attention given Tesla CEO Elon Musk's political push and backing of Donald Trump in the 2024 election.

The state of Maryland was won by Kamala Harris in the 2024 election by a wide margin of 62.6% to 34.1% for Trump. Baltimore was also rather one-sided with Harris getting 195,109 votes to Trump's 27,984 votes.

The contract was paused in September, which came before Trump won and Musk amped up his push to help the president with the Department of Government Efficiency. Musk had already funded Trump's campaign and been an outspoken endorsee by this time though, so a political move by the city can't completely be ruled out.

Baltimore aims to have carbon neutrality by 2045 with a goal of electrifying the city's vehicle fleet by 2030. Tesla left out of future deals could show that the city prefers other automakers for various moves and could be viewed as a political move.

TSLA Price Action: Tesla stock dropped 15.43% to $222.15 at market close Monday versus a 52-week trading range of $138.80 to $488.54. Tesla stock is down 41.4% year-to-date in 2025 and up 25% over the last year.

Tesla stock is now trading below where it was when Trump won the 2024 election. Tesla stock closed at $251.44 on Nov. 5 and opened for trading at $284.67 on Nov. 6 after Trump's victory was announced.

Read Next:

Teachers Union Concerned About Tesla Stock Valuation: Is Elon Musk To Blame?

Photos: Tesla, courtesy of Tesla Inc.; Ford, courtesy of Ford

Recommended

This Coin Could Be Like Buying Bitcoin in 2017 - Ad

The Next Biggest Bull Run In Over 50 Years - Ad

The "Mar-A-Lago Accord" Is Now Underway - Ad

Trump defends strike on drug sub, says it targeted fentanyl-laden vessel heading to US. Two survivors were rescued.

Move Over, Musk—The World's Richest Woman Joined the $100B Club

Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman in the world worth more than $100 billion.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system...

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

Gold Deals Pick Up As Metal Soars Past $4,200

Gold reaches new highs, expected to continue rallying into 2026. Multiple mergers and acquisitions in gold market.

Cathie Wood Dumps $3.7 Million Of Palantir Stock Despite AI Boom — Here's What She's Buying Instead

Ark Invest boosted positions in Qualcomm and BYD, while trimming Palantir and Shopify. Ark also acquired shares of China's BYD despite recent recall.

The 7 Red Flags Wall Street Won't Talk About

The 7 Red Flags Wall Street Won't Talk About - Ad

All 7 historic crash signals are flashing red. Once the public notices, it's too late. Our free Bellwether Signal explains how to protect wealth - and why gold and silver have been the refuge in every crisis. Don't let your retirement go over a cliff.

Billionaire Makes $72 Million On Trilogy Metals Stock—Here's What Else He's Holding

Billionaire hedge fund manager John Paulson has scored extraordinary gains with Trilogy Metals—he's also holding gold miners.

Mark Cuban Shares His Top Strategies for Protecting Wealth After Hitting Millionaire Status

Mark Cuban once disclosed his strategies for preserving wealth after becoming a millionaire. These insights could be beneficial for anyone aiming to secure their financial future.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after January 29, it may be too late.

USA Rare Earth (USAR) Stock Is Rising Today: Here's Why

Shares of USA Rare Earth, Inc. (NASDAQ: USAR) are trading higher Monday amid a wave of optimism for rare earth materials companies.

Short Squeeze in Silver and Rare Earths, Taco Traders Euphoric, Trump Seeks Diplomatic Path

To gain an edge, this is what you need to know today.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Trump Ally Laura Loomer Turns on Him Over Qatar Military Base Plan, Calls It a 'Betrayal'

Laura Loomer, a staunch supporter of President Donald Trump, has voiced her dissatisfaction with the president's decision to permit a Qatari air force facility in Idaho.

Maye Musk Says She Only 'Lasted' Until 11 PM At Elon's Saturday Meetings, Agrees With Trump's AI Czar No One Works Harder Than Her Son

Maye Musk shares insights into Elon Musk's work habits, emphasizing his dedication. She could only last until 11 PM in his Saturday meetings.

November 18 Changes the Microchip Game - and Investing

November 18 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

Australian Oilseeds Holdings Shares Soar 248% After Hours Amid Trump Says US Will Make Its Own Cooking Oil

Australian Oilseeds Holdings surged 248% after Trump's trade threat against China sparked a rally in agricultural biotech stocks.

Supreme Court will consider whether people who regularly smoke pot can legally own guns

WASHINGTON (AP) — said on Monday that it will consider whether people who regularly smoke marijuana can legally own guns, the latest firearm case to come before the court since .

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Chinese leader Xi Jinping outlines 5-year plan at closed-door Communist Party meeting

BEIJING (AP) — Chinese leader Xi Jinping delivered a speech Monday on the opening day of of the ruling Communist Party to approve a draft plan laying out its goals for the country over the next five years.

Kevin Hart Once Revealed Investing In His Friends' Ideas Had Been An 'Endless Pit Of Bankruptcy' — In Fact, One Such Idea Was His Worst Investment

Kevin Hart revealed that his worst business decision was investing in his friends' failed ventures — particularly a headphone startup that turned into "an endless pit of bankruptcy" — despite later building a $400 million entertainment empire.

November 18: D-Day For The Dollar

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

Krispy Kreme (DNUT) Stock Is Surging Wednesday: What's Going On?

Shares of Krispy Kreme are surging Wednesday, lifted by a wave of renewed retail investor interest in meme stocks.

Kevin O'Leary Said His Mom's Secret 55-Year-Old Investment Portfolio Outperformed Most Hedge Funds—He Decided Then, 'That's How I'm Going To Invest'

Shark Tank's Kevin O'Leary revealed how his mother's disciplined, 55-year investment strategy of diversification and long-term thinking shaped his own approach to building and preserving wealth.

This Coin Could Be Like Buying Bitcoin in 2017

This Coin Could Be Like Buying Bitcoin in 2017 - Ad

One of Bitcoin's biggest supporters on Wall Street is moving away from Bitcoin and into this special crypto. He even called this new coin, "the preferred choice for Wall Street."

Ethereum Crashes To $4,100 As Senate Democrats Take Aim At DeFi

Ethereum (CRYPTO: ETH) is trading near $4,100 on Friday, after a sharp selloff that followed its rejection from $4,700 and renewed fears of U.S.

Netflix, Intuitive Surgical, Beyond Meat, Texas Instruments, Warner Bros: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indexes closed mixed on Tuesday, with the Dow Jones Industrial Average rising nearly 0.5% to 46,924.74.

The Next Biggest Bull Run In Over 50 Years

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

2,000 mink released from Iowa farm in what trade group calls 'terrorist act'

One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law.

EPAM Joins Oracle To Boost AI And Cloud For Businesses

EPAM deepens partnership with Oracle to help companies in various sectors adopt OCI and AI services, leveraging their expertise.

The "Mar-A-Lago Accord" Is Now Underway

The "Mar-A-Lago Accord" Is Now Underway - Ad

The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)

Looking For The Next Beyond Meat? Here Are The Top 10 Most Shorted Stocks

Here's a look at the most heavily shorted stocks in the market as investors look for the next Beyond Meat.

TotalEnergies Profit Outlook Brightens On Refining Strength

TotalEnergies (NYSE: TTE) expects 3Q25 performance to improve with 4% Y/Y increase in oil & gas production.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system...

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

Elizabeth Warren Warns One Of Trump's 'Billionaire Buddies' Wants To Buy Warner Bros, Warns Giant Company Could Control 'Everything' You Watch On TV

Sen. Elizabeth Warren warned that Trump-linked billionaire David Ellison's pursuit of Warner Bros. following his Paramount acquisition could create a media monopoly, raising concerns about concentration of power.

Elon Musk Claps Back At Hefty Pay Critics: 'Which Of Those CEOs Would You Like To Run Tesla?' — Company Worth More Than All Other Automakers Combined

Elon Musk defends his position as Tesla CEO amid ISS opposition to his trillion-dollar pay package set for voting next month.

The 7 Red Flags Wall Street Won't Talk About

The 7 Red Flags Wall Street Won't Talk About - Ad

Ontario premier doesn't back down against Trump, posts video of Reagan opposing tariffs

TORONTO (AP) — The leader of Canada's most populous province posted remarks by former U.S. President Ronald Reagan on social media on Friday showing Reagan opposed tariffs, hours after President announced he’s ending “all trade negotiations” with Canada because of a television ad that Trump said misstates Reagan's opposition to tariffs.

'Einstein Of Wall Street' Peter Tuchman Urges Young Investors To Stop Buying Stuff, Start Investing In Stocks For Lifelong Wealth

Tuchman, NYSE trader and 'Einstein of Wall Street,' advises younger generations to invest in stocks, not stuff.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Fifth Third Bancorp is buying Comerica for $10.9 billion in tie-up of regional banks

Fifth Third Bancorp is buying Comerica in an all-stock deal valued at $10.9 billion.

Trending Now