Elon Musk, CEO of Tesla, said he would be spending less time with the Trump administration after first-quarter earnings fell short of expectations.

Key Points

  • Tesla’s Q1 2025 earnings showed a 71% drop in net income and a 9% decline in revenue.
  • Elon Musk attributed some of Tesla’s struggles to “rapidly evolving trade policy” and “changing political sentiment.”
  • Analysts express concerns about near-term uncertainty for Tesla, linking the company’s future to Musk’s involvement with the White House.
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    10 months ago

    As a special government employee, Musk has 130 days per calendar year to work for the federal government. That window is set to expire in late May.