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  5. Musk Announces Reduced Involvement with Trump Administration Following Significant Decline in Tesla Profits

Musk Announces Reduced Involvement with Trump Administration Following Significant Decline in Tesla Profits

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Elon Musk has announced his plans to reduce his time spent working for the "department of government efficiency," also known as DOGE, starting in May. The decision comes after Tesla experienced a significant drop in quarterly profits, with a 70-71% decline in earnings. Musk expects to spend around one to two days a week continuing to work on "critical tasks" related to DOGE, but will dedicate more time to his role as CEO of Tesla.

  1. US
    Tesla
    1. While the current tariff landscape will have a relatively larger impact on our Energy business compared to automotive.
  2. US
    Elon Musk
    SpaceX
    1. Starting probably next month, May, my time allocation to Doge will drop significantly.
    2. I predict that there will be millions of Teslas operating fully autonomously in the second half of next year.
    3. The future for Tesla is better than ever.
    4. The acid test is, can you go to sleep in your car and wake up in your destination and I'm confident that will be available in many cities in the US by the end of this year.
    5. The value of the company is delivering sustainable abundance with our affordable AI-powered robots. If you say, what's the ideal future that you can imagine, that's what you'd want. You'd want abundance for all in a way that's sustainable, that's good for the environment. Basically this is a happy future, this is the happiest future you can imagine.
    6. If the ship of America goes down, we all go down with it, including Tesla and everyone else.
  3. US
    Seth Goldstein
    1. They're not particularly surprising given that deliveries were down.
  4. US
    Thomas Monteiro
    Investingcom
    1. Against the backdrop of catastrophic expectations, with everything from sales to margins projected to continue the slump, the less-than-bad numbers have been received as welcome news by Tesla investors.
  5. US
    Dan Ives
    Wedbush Securities
    1. This is a big step in the right direction.

Musk's Department Of Government Efficiency

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sources

  1. 1.CTV News
  2. 2.The Guardian
  3. 3.Al Jazeera
  4. 4.The Times of India
  5. 5.France 24
  6. 6.The Korea Herald
  7. 7.Le Monde
  8. 8.The Times
  9. 9.Agence France-Presse
  10. 10.Morning Star

perspectives

  1. 1.US under Donald Trump
  2. 2.2024 US Presidential Election
  3. 3.US Politics
  4. 4.Protests
  5. 5.US Economy
  6. 6.Tech industry
  7. 7.Regulation
  8. 8.Billionaire
  9. 9.Twitter Takeover by Elon Musk
  10. 10.US space industry
  11. 11.Electric Cars
  12. 12.Automotive industry

countries

  1. 1.ChinaCN
  2. 2.GermanyDE
  3. 3.FranceFR
  4. 4.MexicoMX
  5. 5.United StatesUS

organizations

  1. 1.TeslaUS
  2. 2.White HouseUS
  3. 3.Wedbush Securities
  4. 4.Build Your Dreams
  5. 5.Investingcom
  6. 6.S3 Partners

persons

  1. 1.Elon MuskUS
  2. 2.Donald TrumpUS
  3. 3.Alistair Osborne
  4. 4.Alex Ralph
  5. 5.Dan IvesUS
  6. 6.Lara Wildenberg
  7. 7.Mehreen Khan
  8. 8.Peter Done
  9. 9.Robert Lea
  10. 10.Thomas MonteiroUS

technicals

  1. 1.Dogecoin
  2. 2.Department of Government Efficiency
  3. 3.Model S
  4. 4.Model Y
  5. 5.Model 3
  6. 6.Robotaxi
  7. 7.Cybertruck
  8. 8.Vancouver International Auto show