Tesla profits drop 71% amid anti-Musk backlash
www.yahoo.com
Tesla's profits fell 71% over the first three months of this year, a company earnings release on Tuesday showed. The new financial details arrive as some shareholders have called on Musk -- whose temporary status as a government employee expires next month -- to step down from his White House role and return full-time to the helm of Tesla. Opening his company's earnings call on Tuesday, Musk defended the work he was doing with the Department of Government Efficiency and commented on the Tesla protests, saying, without evidence, that the protesters were demonstrating because they were “receiving fraudulent money.”

He then called the DOGE work necessary but said that “working for the government to get the financial house in order is mostly done.”

“I think starting probably next month in May, my time allocation to those will drop significantly,” he said.

He added that he expected to keep working for the government one or two days a week for the remainder of President Donald Trump’s presidency to “make sure that the waste and fraud that we stopped does not come roaring back.” DOGE has not yet proved the fraud it alleges.

  • BodyBySisyphus [he/him]@hexbear.netEnglish
    20·
    1 day ago

    It’s amazing how successful the grift has been. Robotaxis? Sure, it’s Elon. Autonomous humanoid robots? Elon’s a visionary, he’ll get 'em done. Massive amounts of money get flung his way on the flimsiest of claims. Apparently believing that capitalism is an efficient system for allocating productive resources to meeting the public’s needs primes you for many other chimeras.