Tesla’s Q1 earnings report is in, and the numbers are rough—a 71% drop in profits and a 50% loss in value since December. Amidst the fallout, Elon Musk has announced plans to reduce his time spent on the White House’s Department of Government Efficiency (DOGE) to refocus on Tesla.
What’s Driving the Decline?
- Political Fallout: Musk’s involvement in government work and political controversies has reportedly hurt Tesla’s brand.
- Market Challenges: Tesla faces stiff competition from rivals and shifting consumer sentiment.
While Musk promises to dedicate more time to Tesla starting in May, the question remains: Can the EV giant bounce back from these challenges? Let’s hear your thoughts!
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