Elon Musk responds to Tesla’s 70% profit drop, making a surprising claim that has left many stunned.
Tesla faces a dramatic 70% decline in profits as Musk shifts focus to politics
Elon Musk’s shock claim during Tesla’s most recent earnings call has raised eyebrows, especially as the company grapples with a staggering 70% drop in profits.
After a period of intense focus on Tesla, Musk has become distracted by his role in the government, and it’s showing in the company’s financial performance.
Tesla’s financial woes coincide with Musk’s role in government efficiency efforts
Much of Musk’s attention has been diverted to his controversial position as head of the Department of Government Efficiency (DOGE), a new governmental role aimed at cutting $2 trillion from the federal budget.
