Elon to reduce DOGE involvement after dismal Tesla earnings report

6 months ago 7

Tesla's quarterly results are in, and it seems the panic alarm finally went off.

Analyst expectations for Tesla's first quarter of 2025 were already pretty grim, but Tesla handily beat them with a 71 percent drop in profit and a 20 percent drop in car sales, with the only thing keeping the company in the green for the quarter being $595 million in carbon credit sales.

While the sales drop can partially be attributed to the launch of Tesla's updated Model Y, it's now obvious that Musk's political engagement, which includes running the so-called Department of Government Efficiency (DOGE), has been giving potential Tesla buyers pause. DOGE, which is s...

Source: https://mashable.com/article/elon-tesla-doge

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