Tesla’s Q1 Earnings Show 71% Drop in Profits as Reality Catches Up
Elon Musk’s leadership has been marked by self-inflicted disasters, but a rare setback has finally caught up with the company. Despite its monumental success, Tesla’s earnings report for Q1 2025 revealed a dismal 71% drop in profits compared to the same period last year.
Musk acknowledged the decline during an investor call, blaming protesters at Tesla dealerships worldwide over his involvement in DOGE and far-right politicians. However, he failed to provide evidence to support his claims, sparking controversy. The company’s struggles are a rare instance of Musk being unable to avoid self-inflicted damage, highlighting the challenges of leading such a high-profile organization.
Source: https://www.theatlantic.com/technology/archive/2025/04/tesla-earnings-elon-musk-doge/682551