Elon Musk, CEO of Tesla, said he would be spending less time with the Trump administration after first-quarter earnings fell short of expectations.

Key Points

  • Tesla’s Q1 2025 earnings showed a 71% drop in net income and a 9% decline in revenue.
  • Elon Musk attributed some of Tesla’s struggles to “rapidly evolving trade policy” and “changing political sentiment.”
  • Analysts express concerns about near-term uncertainty for Tesla, linking the company’s future to Musk’s involvement with the White House.
  • tux
    12·
    14 days ago

    If I read well, more than 100% of the profit was tax rebates, i.e. without government subsidies they would have lost money