Musk signals about “significantly” retreat from Dogel when Tesla profits immersed

Boss Tesla Elon Musk says to cease its role in the administration of Donald Trump after the company’s profit and profit have been immersed in the first three months of the year.

The sales fell, and the electric car collided with a backlash when Musk became a political device in the White House.

On Tuesday, the firm announced a decline in cars by 20% in the first quarter of 2025 compared to the same period last year, while the profit decreased by more than 70%.

The company warned investors that the pain could continue by refusing to offer growth forecast, saying that “changing political sentiments” could weaken demand.

A recent company subjugated against the backdrop of criticism over the role of Musk in the new Trump administration, which, he said, withdrew his attention from the company.

Tech Boss has made more than a quarter of a billion dollars on Trump’s re -election. He also heads the initiative of the Department of Government Efficiency (DOGE) to reduce federal costs and reduce government labor.

Musk said his “time distribution to Doge” will fall significantly “from next month. He said he spends only one or two days a week for state issues” as long as the president would like me to do it and it is useful. “

His political participation caused protests and boycotts of Tesla around the world.

He accused the “explosion” of the people who “tried to attack me and the Dogel team.” But he called his work in Dogee “critically” and said that “getting a government house is in order mainly.”

According to the new Tesla numbers, it brought $ 19.3 billion. It was less than $ 21.1 billion, which expected analysts, and came when the company reduced prices, seeking buyers.

Trump tariffs in China have also greatly weighed on Tesla, the company said. Although Tesla vehicles are sold in its home market in the US, it depends on many parts made in China. According to the campaign, the “fast -paced trade policy” can harm its supply chain and increase costs.

“This dynamics, along with a change in political sentiment, can have a significant impact on the demand for our products in the near future,” Tesla said in a quarterly update.

Aski is collided About trade with other Trump administration figures, including trade advisor Piter Navarre.

Earlier this month, he called Navaro’s “moron” about the comments he expressed about Tesla. Navarov said that Musk was “not by car producer”, but in many cases “automotive collection”.

On Tuesday, Musk said he believed that the Tesla is a car company that has been most affected by tariffs from the localized supply networks in North America, Europe and China, but added that the tariffs are “still tough in the company where the margin is low”.

“I will continue to play at lower tariffs, not higher tariffs, but that’s all I can do,” he said on Tuesday.

Tesla said artificial intelligence would contribute to future growth, although investors were not convinced of such arguments in the past.

This year, about 37% of the value was shed on the company because the market is closed on Tuesday. They grew by more than 5% in the auctions after the results after the results.

Dan Koulswort, Investment Analyst Aj Bell, called “rock-days” expectations after the company – Note Earlier this month, the number of cars sold in the quarter decreased by 13% to the lowest level in three years.

Mr -n Coatsworth threatens fierce competition, warning that potential violations of global supply networks as a result of Trump’s trade war also created risks.

“Tesla’s problems are being established,” he said.