Elon Musk has often succeeded in growing Tesla despite various self-inflicted setbacks. However, Tesla's recent first-quarter earnings report revealed a startling 71% drop in profits year-over-year. Musk's response to this setback included blaming organized protests linked to his controversial public persona and embrace of cryptocurrencies. He indicated a need to reduce his involvement in DOGE and refocus on Tesla to regain favor among electric vehicle enthusiasts, especially those who politically align against him. As supporters express concern, Musk's pivot is seen as critical for Teslaâs future stability.
Elon Musk has managed to achieve monumental success with Tesla despite several self-inflicted disasters, but recent earnings report indicates that luck may be running out.
Musk reported that first-quarter profits dropped 71% from last year, attributing the loss to organized protests against him, although he provided no evidence for this claim.
He acknowledged the need to refocus on Tesla amidst growing concerns from supporters, stating that his time allocation for DOGE will drop significantly starting next month.
Moving away from politics, Musk aims to shift more attention back to Tesla to address the companyâs challenges and the negative public perception of his leadership.
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