In the first 4th of 2025, Tesla's full car sales gross fell by 20 percent and net income by astounding 71%, as reported by the company on Tuesday.
In a telephone conversation with investors Elon Musk said that “I will spend more time with Tesla from next month”, but he will proceed to “spent a day or 2 on government matters” — as long as president Donald Trump wants.
He did not say if Tesla's financial results were related to his engagement in government work, including radical cuts in administrationThat he ordered. He commented on this issue only in a casual manner. “There was a blow for the time I spent in government,” he said.
Deductions in Tesla
Tesla's full gross fell to 19.3 billion dollars (about PLN 72.8 billion), a decrease of 9% compared to the first 4th of 2024. Elon Musk stated that it was partially due to a decrease in vehicle supplies and a decrease in car sales prices. The operating income of the company besides fell – by 66%, to $4 billion (about PLN 15 billion).
It is worth noting that Musk was a loud opponent of many duties Trump decided to impose on a number of countries. However, he stated that Tesla was "the least affected car company with respect to tariffs, at least for most reasons", due to its supply chains.
— I have repeatedly said that I believe lower duties are mostly a good thought of prosperity, but this decision fundamentally depends on the elected typical of the nation, who is the president of the United States. So I will proceed to advocate lower, not higher customs tariffs, but that is all I can do," he said.
He besides defended his activities in the government, claiming that DOGE had "made crucial advancement in combating waste and fraud", with which he stated that it was essential to fight to "try to get the country back on track". He besides addressed the request for cooperation with Trump and his administration.
— due to the fact that if America falls, we will all fall with her, including Tesla," he added.
