Musk signals ‘significantly’ stepping back from Doge as Tesla profits plunge

Tesla’s Elon Musk said that the company’s interests and income plunged for three months this year, and the Donald Trump administration will cut his role in the Donald Trump administration.

As the MUSK became a political settlement in the White House, electric vehicle manufacturers faced repulsion.

On Tuesday, this company’s auto sales decreased by 20% in the first quarter of 2025 compared to the same period last year, while profits decreased by more than 70%.

The company warned investors that pain could continue, saying that “changing political emotions” refused to make a growth prediction, saying that it would be meaningful to hurt demand.

Recently, the company’s dip has recognized that the company focuses on the company’s new administration in the new administration’s role in the role of Musk.

The technical president has donated more than $ 1 billion to Trump’s re -election. It also leads Trump’s Doge Initiative to reduce federal spending and reduce government workers.

Musk said his “allocation for Doge” has been “falling significantly” from next month. He said the president would spend one or two days a week as long as I wanted, as long as it was useful.

His political participation triggered Tesla’s protests and boycotts around the world.

He condemned “Blowback” for “people who are trying to attack me and the Doge team.” But he called his work in Doge as “critical” and said, “Most of them have been done in order.”

TESLA has taken $ 19.3 billion (£ 14.5 billion) from the new number, down 9% year -on -year. This was less than $ 2.1 billion expecting analysts, and the company cut off the price to bypass the buyer.

Trump’s tariffs on China also put a lot of weight on Tesla, the company said. Tesla’s cars are assembled in the United States, but depend on the many things made in China. According to the company, the “rapidly evolving trade policy” can harm the supply chain and increase the cost.

Tesla’s quarterly update said, “This epidemiology can have a significant impact on the demand for our products in the short term, along with political emotional changes.”

I have musk crash Trump administrative person, including trade advisors Peter Peter Navarro.

At the beginning of this month, he called Navarro a “Moron” about his opinion about Tesla. Navarro said Musk was “not a car manufacturer,” “automotive assembly.”

Knowing Tesla’s Musk, Georg Ell, director of Western Europe, said that billions of people in the BBC’s Today program said, “If you focus on a special company, people will focus on the quality of products and experiences.”

“I don’t think Elon is surrounding himself with a variety of opinions to challenge his thoughts.

On Tuesday, Musk thought Tesla was the most influenced by tariffs due to the local supply chain of North America, Europe and China, but the tariff added, “It was still difficult in a low -white company.”

On Tuesday, he said, “I continue to defend lower tariffs than high tariffs, but that’s all I can.”

Tesla said that artificial intelligence will contribute to future growth.

The company’s shares closed in Tuesday market, accounting for about 37%of this year’s value. After the result, it has risen more than 5% in overtime transactions.

Dan Coatsworth, an investment analyst in AJ Bell, was called “Rock-Bottom” after the company. Sayed The number of cars sold earlier this month dropped 13% to 13% in three years.

Coatsworth said the company is facing fierce competition.

“Tesla’s problem is being mounted,” he said.