Profits at the billionaire’s carmaker fell 71% amid a backlash over his role at the White HouseElon Musk to pull back from Doge roleAnalysts attribute Tesla’s overall difficulties to a number of factors, but ultimately conclude Musk’s role in the White House has caused a branding crisis for Tesla. The company is at a major crossroads, analysts say, that will only be remedied if Musk leaves his role in Doge and returns to Tesla as CEO full-time.In addition to a drop in sales, a 50% dip in share prices, existing Tesla owners are looking to sell their vehicles in droves, Teslas have been vandalized across the country and in response to ongoing protests of the automaker, the Vancouver International Auto show removed the electronic carmaker from its March lineup. The company also recalled 46,000 Cybertrucks – nearly all that had been sold. Continue reading…
Source link : https://www.theguardian.com/us-news/live/2025/apr/23/donald-trump-elon-musk-tesla-doge-immigration-jerome-powell-law-harvard-us-politics-live-updates
Author : Amy Sedghi
Publish date : 2025-04-23 09:21:00
Copyright for syndicated content belongs to the linked Source.
Tesla investors welcome Elon Musk’s move to step back from Doge – US politics live
