The Tesla Chief Executive, Elon Musk, SAID He Will Start Pulling Back from His Role at the So-Called “Department of Government Efficience” Starting in May. Musk’s Remarks CAM AS The Company Reported A Massive Dip in Both PROFITS and Revenues in the First Quarter of 2025 Amid Backlash Against his Role in the White House.
On an incontor call, Musk Said
“Starting Probably Next Mon
That said, he Expects to speak one to Two Days a Week Continuing to Do What He Referred to As “Critical Work” at Doge ”for as long as the party will like me to do so and as long as“ It is usful. ”
Musk is Scheduled to leve Doge on May 30, a Stict 130-Day Cap on His Service as a Special Goovernment Employe.
Tesla Saw a 9% Drop in Revenue Year Over Year in the First Quarter of 2025. The Companyy Brungt in $ 19.3BN in Revenue, Well Beau Wall Street Expects of $ 21.45BN. The Companyived An Earnings Per Share of 27 CENTS, Also Well Under Investor Expectations of 43 Cents in Earnings Per Share.
Tesla Profits also Slid 71% to $ 409m compared with $ 1.39BN in Net Income The Previoous Year.
The companywared a 13% Drop in vehicle deliveries, make it the company’s work Quarter SINCE 2022. Tesla Closed The Quarter with 336,681 Vehicles Delivered.
Though musk haas acnowledged there has been “Rocky Moments” of Late, He Remained Optimistic About the Company’s Future.
“Future for Tesla Is Better Than Ever,” He said. “The Value of the Company is Delivering Sustainable Abundance with our Affordable Ai-Powered Robots. If you say, what’s the idal future that you can imagine, that’s what you’d world. You’d What Abundance for All in a Way that’s Sustainable, that’s good for the Environment.
That “Happy Future” Includes The Company’s Plan for Fully Self-Driving Cars, SAID The Billionaire CE AS HE LAID OUT and Ambitious Timeline for when he enters the vehicles to hit us Roads in Some Cities – “By The End of the Year”. Tesla has Historically Strugled to Meet Timelines Musk Has Publicly Set for the Launch of New Products, Especially when it comes to self-driving.
“The Acid Test is, Can You Go to Sleep in your Car and Wake up in your Destination and i’m Confature that will be Available in Many Cities in the Us by the End of this Year,” heaid.
This will be on Top of the Robotaxi Service The Company Plan to Roll Out in Juven. “I.
Despite Missing Wall Street Expectations on the Top and Bottom Line, Initial Analyst Reacts Are Optimistic Given Many Had Significantly Lowred their Expectations After The COMPANY Reported A Massive Dip in Vehicle DeliveRies.
“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, “SAID Thomas Monteiro, Senior Analyst at Investing.com. “In a Curious Turn of Events, IT’s AF Numbers Show that Even at the Worst Momnt, Elon and the Team’s Operation Can Still Bing A Robust $ 19.3BN In Revenue, with Total Revenue Partly Makeing up for the HUGE DROP in Auto Revenue.
“If this is the work it gets for Tesla, then is the center there is the whole some upside for the stock on decrewinds, such as the highly Awired Cheper Model and the Robotaxi, Finally Hit the Market Later This year, “Monteiro Continied.
Analysts Attribute the Company’s Overall Difficulties to a Number of Factors, but Ultimately Conclude Musk’s Role in the White House Has Caused a Branding Crisis for Tesla. The company is at a major Crossroads, Analysts Say, that will only be remedied if musk leaves his role in Doge and RTUURNS to Tesla As Ceo Full Time.
In Addition to a Drop in Sales, a 50% Dip in Share Prices, Existing Tesla Owners Are Looking to Sell Their Vehicles in Droves, Teslaas Have Been Vandalized Across the Country and in Response to Ongoing Protests of the Automaker, The Vancouver International Auto Show Removed the Electronic Carmaker from its march link. The Company Also Recalled 46,000 Cybletrucks – Nearly All that had been Sold.
Musk Said that the Drop in Demand is Due to the Macro Economic Trends – Not Branding. “Tesla is not Immune to the Macro Demand for Cars,” musk said. “What there is economic uncartainty, people genderly want to pause on doing a major capartral publication like a car. Absec
Analysts are not convented.
If musk leaves Long Term Story Will Not Be Altered, “Read a first jerbush securityries Analyst Note. Wedbush Remained Bullish on the Company’s Chances of Turning Its Financies Around. “If Musk Choosees to Stay with the Trump White House IT COUD Change The Future of Tesla/Brand Damage Will Grow.”
The Companyive Declined to Provide Forward-Looking Guidance for the Next Quarter CITING “SHIFINING GLOBAL TRADE POICY on The Automotive and Energy Supply Chains”.
“While We Are Makeing Prudnt Investments that will set uph our vehicle and Energy Businesses for Growth, The Rate of Growth This YER Will Depend on A Variety of Factors, Including The RATE of the Accessation of Our Autonomy Efforts, Production RAMP At Our Factories and The Broader Macroeconomic Environment, “The Earnings Report Reads. “We will Revisit Our 2025 Guidance in our Q2 Update.”
The Company Did Warn, Howver, that “Changing Political Sentiment” Counter Meangfully Impact Short-TERM DEMAND For Tesla Products.
