Tesla profits plummet 71% amid backlash to Musk's role with Trump administration

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.

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13 comments

How much off their profit is tax credit related?
- If I read well, more than 100% of the profit was tax rebates, i.e. without government subsidies they would have lost money

13 comments