Tesla CEO Elon Musk plans to cut back his political involvement in the Trump administration amid a troubling financial period for the company. With a reported 20% drop in automotive revenue and over 70% decrease in profits in Q1 2025, Musk acknowledged that his political activities have diverted his attention from the company. Facing backlash from protests against his political role, Musk anticipates ongoing challenges, noting that 'changing political sentiment' could further dampen demand for Tesla's vehicles. Starting in May, he will dedicate only one to two days a week to his government commitments.
Musk acknowledged that his involvement in politics has taken focus away from Tesla, as time spent on his government role will decrease significantly starting in May.
He warned investors about the possibility of continued struggles, stating that changing political sentiment could meaningfully hurt demand for Teslaâs vehicles.
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