With Tesla Earnings Down, Musk Says His Time at DOGE Will 'Drop Significantly'
John Sexton
Elon Musk is clearly proud of his time at DOGE. He posted this yesterday.
But he's also facing some real backlash from the left, some of it violent, over his position with DOGE. That pushback is starting to impact the bottom line for Tesla. Today, after the market closed, Tesla held an earnings call to announce sales were down about 9% compared to the same quarter last year.
Tesla’s overall revenue – including automotive, energy generation and storage, and services and other revenue – came in at $19.3 billion for the first quarter, decreasing 9% compared to last year’s first quarter.
According to the company, fewer vehicle deliveries "in part due to the Model Y update across all four vehicle factories" contributed to the drop in its total revenue as well as "reduced vehicle average selling price, due to mix and sales incentives" and other factors.
The 9% decline was company wide, but the decline for cars was steeper.
The electric vehicle maker, run by CEO Elon Musk, generated $13.97 billion in automotive revenue in the first three months of 2025, marking a drop of nearly 20% from the same quarter last year, according to its earnings release.
So with Tesla needing some additional attention, Musk announced that he was going to significantly reduce the time he spends on DOGE starting next month. He made clear this did not mean he was walking away from it and said he still planned to put a day or more per week into that effort. But more of his time will now be spent on Tesla.
more
https://hotair.com/john-s-2/2025/04/22/with-tesla-earnings-down-musk-says-his-time-at-doge-will-drop-significantly-n3802046
