this post was submitted on 23 Apr 2025
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Economics

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Tesla profits plummet 71% amid backlash to Musk's role with Trump administration (www.usatoday.com)
submitted 1 day ago by MicroWave@lemmy.world to c/economics@lemmy.world
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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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[–] P00ptart@lemmy.world 1 points 1 day ago

When can we start vandalizing Tesla owners? 6 months? That should be fair right? If they bought a $100k + car, they should have the financial freedom to get rid of it by now, right? I'm done with the bumper stickers. That doesn't save you anymore.