Tesla Q1 earnings disappoint: Musk to spend “significantly” less time at DOGE
From Nasdaq: 2025-04-29 13:05:00
Tesla reported disappointing Q1 earnings with a nearly 35% lower earnings per share and 9% revenue miss. Vehicle deliveries dropped by 13% in Q1, partly due to Musk’s government involvement. Protestors have rallied against Musk, impacting Tesla’s global sales. Musk addressed investor concerns and pledged to spend less time with the Department of Government Efficiency. Tesla stock has dropped 44% this year, with insider sales spiking. The future of $TSLA stock depends on rebuilding investor trust and navigating new tariffs.
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