{"id":1294049,"date":"2025-04-24T09:32:59","date_gmt":"2025-04-24T04:02:59","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1294049"},"modified":"2025-04-24T09:33:33","modified_gmt":"2025-04-24T04:03:33","slug":"after-71-loss-in-profits-elon-musk-will-spend-less-time-with-us-govt","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/after-71-loss-in-profits-elon-musk-will-spend-less-time-with-us-govt\/","title":{"rendered":"After 71% Loss In Profits, Elon Musk Will Spend Less Time With US Govt"},"content":{"rendered":"\n

Elon Musk has announced that his involvement with the Department of Government Efficiency (DOGE), a Trump administration initiative, will be significantly reduced starting in May. The announcement coincides with Tesla\u2019s 71 percent profit plunge and a 9 percent drop in quarterly revenue, sparking criticism from investors and Tesla supporters alike.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Speaking during Tesla\u2019s recent earnings call, Musk said<\/a>, \u201cProbably in the next month, my time allocation to DOGE will drop significantly,\u201d as the company deals with one of its worst quarters.<\/p>\n\n\n\n

Protests, Vandalism Target Tesla Over Musk\u2019s Political Role<\/h3>\n\n\n\n

Analysts have attributed Tesla\u2019s sales decline\u2014its largest to date\u2014to Musk\u2019s controversial political commitments. His role in DOGE has triggered protests outside Tesla showrooms and led to vandalism at company facilities across the United States. Demonstrations have also been reported in parts of Europe, further denting the company\u2019s image.<\/p>\n\n\n\n

Critics argue that Musk\u2019s political affiliations are distracting him from running Tesla effectively. During the call, Musk claimed without evidence that protestors were \u201cthose who had been receiving the waste and fraud\u201d eliminated by DOGE.<\/p>\n\n\n\n

Tesla Posts $409 Million Profit, Down 71%<\/h3>\n\n\n\n

Tesla reported a net profit of just $409 million in the first quarter of 2025, down 71 percent from the same period last year. Revenue dropped to $19.3 billion, a 9 percent decline compared to last year\u2019s Q1 figures. This marks the biggest revenue dip in the company\u2019s history.<\/p>\n\n\n\n

Despite the numbers and growing public scrutiny, Musk remained optimistic about Tesla\u2019s future. \u201cThe future of Tesla is brighter than ever,\u201d he said, highlighting progress in autonomous driving and humanoid robots as the company\u2019s next big focus.<\/p>\n\n\n\n

Analysts Warn of Further Trouble Unless Focus Returns to Tesla<\/h3>\n\n\n\n

Industry experts warn that unless Musk shifts his focus back to Tesla, the company could face further instability. With growing competition in the EV market and internal distractions mounting, many believe this could be a critical turning point for Tesla\u2019s long-term vision and market leadership.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk has announced that his involvement with the Department of Government Efficiency (DOGE), a Trump administration initiative, will be significantly reduced starting in May. The announcement coincides with Tesla\u2019s 71 percent profit plunge and a 9 percent drop in quarterly revenue, sparking criticism from investors and Tesla supporters alike. Speaking during Tesla\u2019s recent earnings […]<\/p>\n","protected":false},"author":30,"featured_media":1294071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7656,240],"class_list":["post-1294049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-doge","tag-elon-musk"],"acf":[],"yoast_head":"\nAfter 71% Loss In Profits, Elon Musk Will Spend Less Time With US Govt - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/after-71-loss-in-profits-elon-musk-will-spend-less-time-with-us-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"After 71% Loss In Profits, Elon Musk Will Spend Less Time With US Govt - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Elon Musk has announced that his involvement with the Department of Government Efficiency (DOGE), a Trump administration initiative, will be significantly reduced starting in May. 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