Elon Musk Vows to Spend Less Time in Washington as Tesla's Profit Drops 71%

[Coventina]

Elon Musk, Tesla’s chief executive, said on Tuesday that he would spend less time in Washington working for President Trump after the automaker reported a profit drop of 71 percent in the first three months of the year.

Mr. Musk told Wall Street analysts in a conference call that he would continue to spend “a day or two per week” on Washington matters, probably for the duration of Mr. Trump’s presidency. The billionaire executive is one of Mr. Trump’s closest confidants and has played a leading role in the president’s efforts to slash government spending and cut tens of thousands of federal government jobs.

He spoke less than two hours after Tesla said it had earned $409 million, down from $1.4 billion in the first quarter of 2024. The company previously reported net profit of $1.1 billion last year, but revised the figure to reflect changes in the way cryptocurrency assets are valued.

Tesla sales have been slumping because of intense competition from Chinese carmakers like BYD, a lack of new models and Mr. Musk’s support of far-right causes, which has turned off some liberals and centrists from buying Tesla vehicles.

https://www.nytimes.com/2025/04/22/business/tesla-earnings-elon-musk.html?

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[._.]

1. He should just go away..

I know that's too much to ask.. How about he dies broke and alone? Soon? Is that too much to ask for?

[womanofthehills]

8. He has so many other businesses

He will probably always be the richest man in the world.

[BannonsLiver]

2. This can't be true. Our resident Tesla- Musk bro has assured the forum everything is great at Tesla.

And that Elon is invulnerable etc.

[Coventina]

3. I thought all our Musk fanbois had either smartened up or left.

There are still some around?

Wow!

[BannonsLiver]

7. There's still one

Anytime someone starts a thread about how things are bad at Tesla they parachute in to push back on it. The latest missive is their stock price doesn’t matter because stocks are just a tool, or some bootlicking nonsense.

[Initech]

6. The Tesla name is forever tarnished.

There ain't nothing he can do tp revive it.

[struggle4progress]

4. Is their new business model investing in non-fungible tokens?

[Initech]

5. He should be spending time in prison.

[ailsagirl]

10. Permanently n/t

[moonscape]

9. Still up 73% in the last year so

cry me a river. May it continue plunging and wipe out the Biden gains. Up 400% last 5 years..

[Johonny]

11. End government subsidies of Tesla

A doge I support.