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Tesla profits plummet 71% amid backlash to Musk's role with Trump administration (www.usatoday.com)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Key Points

Tesla's Q1 2025 earnings showed a 71% drop in net income and a 9% decline in revenue.
Elon Musk attributed some of Tesla's struggles to "rapidly evolving trade policy" and "changing political sentiment."
Analysts express concerns about near-term uncertainty for Tesla, linking the company's future to Musk's involvement with the White House.

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[–] P00ptart@lemmy.world 3 points 1 week ago (1 children)

Ok, thanks for the clarification lol. I read that in a way that was like, alright even Elon would have a hard time convincing himself of this. My bad.

[–] pennomi@lemmy.world 2 points 1 week ago

All good, there’s never a problem with asking a clarifying question!