Economics

754 readers

70 users here now

founded 2 years ago

181

Tesla profits plummet 71% amid backlash to Musk's role with Trump administration (www.usatoday.com)

submitted 3 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

19 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] pennomi@lemmy.world 4 points 3 days ago (1 children)

No, Elon saying “changing political sentiment” as the reason Tesla is failing is victim blaming. He basically slapped us in the face and then told us that it’s OUR fault we won’t buy his cars any more.

[–] P00ptart@lemmy.world 3 points 3 days ago (1 children)

Ok, thanks for the clarification lol. I read that in a way that was like, alright even Elon would have a hard time convincing himself of this. My bad.

[–] pennomi@lemmy.world 2 points 3 days ago

All good, there’s never a problem with asking a clarifying question!