Musk signals “significantly” return from Dog with Tesla’s profits declining

Tesla coach Elon Musk says he will reduce his role in the Donald Trump administration after the company’s profits and revenues decreased during the first three months of the year.

Sales fell and the electric car manufacturer faced a violent reaction as Musk became a key player in the White House.

On Tuesday, the company announced a 20 % decrease in car revenue in the first quarter of 2025, compared to the same period last year, while profits decreased by more than 70 %.

The company has warned the investors that the pain may continue, and refused to provide growth expectations with the saying “changing political morale” could harm a useful demand.

The recent decrease in the company’s wealth came amid a protest against the role of Musk in the new Trump administration, which admitted that it took his focus on the company.

Technology coach has contributed more than a quarter of a billion dollars to Trump’s re -election. It also leads Trump’s Ministry of Government Efficiency initiative to reduce federal spending and reduce government workforce.

Musk said that “allocating time to” will “will drop significantly” starting next month. He said that he was spending only two days a week in government matters, “As long as the president would like to do so and as long as he was useful.”

His political participation raised the protests and Tesla provinces around the world.

He blamed the “reaction” to the people who “will try my attacker and the Doug team.” But he called his work in Dog “critical” and said “to get the government’s home mostly.”

Tesla achieved $ 19.3 billion (14.5 billion pounds) of total revenue in the quarter, a 9 % decrease on an annual basis, according to new figures. This was less than $ 21.1 billion by analysts, and it came at a time when the company lowered prices in an attempt to attract buyers.

The company indicated that Trump’s tariff for China was highly weighing on Tesla. Although the vehicles sold by Tesla in their local market are assembled in the United States, they depend on many parts in China. “Advanced commercial policy quickly hurts” supply chain and increased costs, according to the company.

“This dynamic, in addition to changing political feelings, can have a meaningful effect on the demand for our products in the short term,” said Tesla Al -Fasali’s update.

Musk has Click On trade with other Trump administration numbers, including commercial advisor Peter Navarro.

Earlier this month, Navarro described as a “fool” about his comments about Tesla. Navarro said that Musk is “not a car factory” but rather “cars assembly, in many cases.”

On Tuesday, Musk said that he believes that Tesla is the lower cars company affected by definitions due to the translated supply chains in North America, Europe and China, but added that the customs tariff “is still difficult for a company where the margins are low.”

“I will continue to defend low definitions instead of the higher customs tariffs, but that’s all I can do,” he said on Tuesday.

Tesla said artificial intelligence will contribute to future growth, although investors have not been persuaded because of such arguments in the past.

The shares of the company threw about 37 % of their value this year as of the market on Tuesday. It increased by more than 5 % in trading after hours after the results.

Dan Cutsworth, AJ Bell investment analyst, called “Rock-Tottom” after the company He said Earlier this month, the number of cars sold in the quarter decreased by 13 % to the lowest level in three years.

Mr. Coatsworth said the company is facing fierce competition, warning that the potential disorder of global supply chains as a result of Trump’s commercial war created risks.

“Tesla problems are escalating,” he said.