Overview
- Elon Musk announced he will limit his work with the Department of Government Efficiency (DOGE) to one or two days per week starting in May to prioritize Tesla's recovery.
- Tesla reported a 71% drop in first-quarter profits, a 9% decline in revenue, and a 9% fall in vehicle sales, prompting the company to withdraw its 2025 financial guidance.
- Protests and vandalism targeting Tesla properties have escalated, with the FBI investigating incidents linked to backlash against Musk's political involvement.
- Tesla's stock rose 9% after Musk's announcement, reflecting investor optimism about his renewed focus on the company despite ongoing brand and market challenges.
- Trade policy uncertainties, including new tariffs, continue to pressure Tesla's supply chain and margins, complicating its outlook for the rest of 2025.