Morphine Prince 109,683 Posted April 23, 2025 Share Posted April 23, 2025 Tesla boss Elon Musk said he will cut back his role in the Trump administration as the company's latest profits and revenues showed a plunge during the beginning of the year. Sales have slumped, and the brand has faced backlash as Musk became a political fixture in the new White House administration. On Tuesday, the firm reported a 20% drop in automotive revenue in the first three months of 2025, compared to the same period last year, while profits fell more than 70%. The company warned investors that the pain could continue, declining to offer a growth forecast while saying "changing political sentiment" could meaningfully hurt demand. The recent dip in the company's fortunes comes amid outcry over Musk's role in President Donald Trump's new administration, which Musk acknowledged has taken his focus off the company. Musk contributed more than a quarter of a billion dollars to Trump's reelection. He also leads Trump's Department of Government Efficiency (DOGE) initiative to cut federal spending and slash the government workforce. Musk's political involvement has sparked protests and boycotts of Tesla around the world. He said the "blowback" comes from people who "will try to attack me and the Doge team". But he called his work at Doge "critical" and said "getting the government house in order is mostly done." Read more: https://www.bbc.com/news/articles/cy0x50yr46lo Link to post Share on other sites More sharing options...
lastpopicon 37,264 Posted April 23, 2025 Share Posted April 23, 2025 Can they kick him off CEO role now? The melody that you choose can rescue you Link to post Share on other sites More sharing options...
LaLa 19,898 Posted April 23, 2025 Share Posted April 23, 2025 "purposefully throwing the US economy into chaos" and "owning a luxury car brand" don't really seem like compatible positions to me, but hey what do I know Link to post Share on other sites More sharing options...
Lucas 31,131 Posted April 23, 2025 Share Posted April 23, 2025 16 minutes ago, Morphine Prince said: The recent dip in the company's fortunes comes amid outcry over Musk's role in President Donald Trump's new administration, which Musk acknowledged has taken his focus off the company. Are they saying the dip is caused by Musk being focused on other things and not because of his political views that go against everything that electric car buyers usually believe in? Link to post Share on other sites More sharing options...
PartySick 172,545 Posted April 23, 2025 Share Posted April 23, 2025 50 minutes ago, Lucas said: Are they saying the dip is caused by Musk being focused on other things and not because of his political views that go against everything that electric car buyers usually believe in? It's not the nazi salutes, white nationalism, and him cozying up to one of the least popular politicians in American history It's just that he hasn't spent enough time in the office Whimsical bitch Link to post Share on other sites More sharing options...
Onlygaga 1,747 Posted April 23, 2025 Share Posted April 23, 2025 Never let anyone tell you your voice isn’t heard! Hopefully we can get him to go bankrupt!! Link to post Share on other sites More sharing options...
misha4ever 2,077 Posted April 23, 2025 Share Posted April 23, 2025 english is not my native language >.< Link to post Share on other sites More sharing options...
Franch Toast 27,737 Posted April 23, 2025 Share Posted April 23, 2025 1 hour ago, LaLa said: "purposefully throwing the US economy into chaos" and "owning a luxury car brand" don't really seem like compatible positions to me, but hey what do I know Right? And it's not like most MAGA folks care about having an electric car or can even afford a TESLA. Musk has alienated 98% of their consumer base. She/Her/Hers Link to post Share on other sites More sharing options...
Pennywise 36,080 Posted April 23, 2025 Share Posted April 23, 2025 He should do it. (this is not about the stepping down) So long ggd, it was nice while it lasted. Link to post Share on other sites More sharing options...
Addison Rae 18,095 Posted April 23, 2025 Share Posted April 23, 2025 it’s so funny watching this car brand go from a status symbol to something nobody wants to be sssociated with sitting on his lap sipping diet pepsi Link to post Share on other sites More sharing options...
EART HL I NG 1,307 Posted April 23, 2025 Share Posted April 23, 2025 The amount of Teslas I’ve seen in my area since the election is disgusting 🤢 hopefully the whole thing goes tits up and these people are forced to buy new cars because they can’t get them serviced anywhere Link to post Share on other sites More sharing options...
Helxig 45,366 Posted April 23, 2025 Share Posted April 23, 2025 I'll be myself until they fūcking close the coffin. Link to post Share on other sites More sharing options...
Lextyr97 20,796 Posted April 23, 2025 Share Posted April 23, 2025 I feel bad for people who bought a Tesla before this whole nonsense began. The value of the car is going to be in the dumpster if it isn’t already. Gonna be able to trade a box of pizza for a Tesla. Link to post Share on other sites More sharing options...
InTheCloset 21,794 Posted April 23, 2025 Share Posted April 23, 2025 I hope his company goes bankrupt and so does he #RaidTheCloset Link to post Share on other sites More sharing options...
Creyk 18,663 Posted April 23, 2025 Share Posted April 23, 2025 2 hours ago, InTheCloset said: I hope his company goes bankrupt and so does he Even if it does, he will still be the richest man on Earth because of starlink. Link to post Share on other sites More sharing options...
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