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As Tesla reels from a 71 percent decline in profits, its CEO says he will reallocate his time to Tesla next month.
By Trisha Thadani
April 22, 2025 at 7:04 p.m. EDT
Billionaire Elon Musk said he will step back from the U.S. DOGE Service next month and focus on Tesla, his reeling electric vehicle company, which on Tuesday
reported a stunning 71 percent plunge in profits compared with the first quarter
of 2024.
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With Tesla suffering amid widespread backlash against Musk’s controversial work
with the Trump administration, Musk told investors that his “time allocation to
DOGE will drop significantly” starting next month — though he said he probably
will maintain involvement with DOGE through the remainder of President Donald Trump’s term.
On Tuesday, the electric vehicle company reported a 9 percent decline in revenue
for the first three months of the year compared with a year earlier, according to a company report. Sales also slipped dramatically in the first three months of the year, falling 13 percent compared with the same period last year. The company’s stock closed Tuesday at $238 a share, about 37 percent lower than at
the beginning of the year.
https://www.washingtonpost.com/technology/2025/04/22/tesla-earnings-elon-musk-politics-stock/
The company isn't crumbling due to Muskrat not tending to it — it's crumbling because Muskrat's fucking around in DC has turned off buyers. You almost can't even give away a used Tesla now. If you were thinking of selling one, you should
just donate it to Kars-4-Kids instead and take the tax deduction.
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