Tesla profits DROP 71%, Musk readies White House exit скачать в хорошем качестве

Tesla profits DROP 71%, Musk readies White House exit

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. 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. Caption from article by Trisha Thadani