US EditionElon Musk to step back from DOGE, focus on Tesla after profits plunge 71%
- Elon Musk announced Tuesday he will reduce his government work starting in May.
- The move follows Tesla's recent financial struggles and increased competition.
- Tesla reported a large profit drop and revenue decline for its first quarter.
- The company's first-quarter profit fell by 71%.
- Investors responded positively, sending Tesla stock higher after the announcement.
350 Articles
350 Articles
Elon Musk is leaving government. But what does he leave behind at DOGE?
It has taken a little over five months and has been anticipated for several weeks, but it now appears increasingly likely that the bromance between Elon Musk and Donald Trump is nearing its end. Musk is reportedly planning to step down from his role overseeing the Department of Government Efficiency (DOGE). During Tesla’s latest earnings call this week, Musk said, “my time allocation to DOGE will drop significantly” next month—though he noted th…
Elon Gives Update on His Future with DOGE - News Addicts
Elon Musk surprised his fans and foes alike during a call with Wall Street analysts on Wednesday where he waded into his future with the U.S. Department of Government Efficiency and what the cost-cutting agency may look like without him at its helm. The Tesla founder spoke on a quarterly earnings call where his presence […] The post Elon Gives Update on His Future with DOGE appeared first on News Addicts.
Should business leaders show their political views?
Tesla’s profit is sinking 71% because of the damage caused to the brand by Elon Musk.” Miguel Jiménez titled his chronicle on the results of the electric car company, as much of that fall is a direct consequence of consumers’ rejection of a product manufactured by a company whose president is deeply linked to Donald Trump’s postulates and the global ultra-right. The irony is that Tesla’s sales collapse has become a world leader in electric car s…
Elon Musk says 'If the ship of America goes down, Tesla will go with it'
Tesla CEO Elon Musk made headlines with a striking statement during the company’s first-quarter earnings call: “If the ship of America goes down, Tesla will go with it.” This comment came in response to Tesla’s disappointing financial performance, which saw a significant drop in profits and revenue, prompting widespread discussion across news outlets and social […]
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