According to the finance report of the first quarter of Teslathe automotive company lost 71 percent of its net income. Under this line, the CEO Elon Musk He informed that he will give priority to their business functions and will invest less time as director of the United States Efficiency Department (DOGE).
In a phone call shared by US media on April 22, Musk reported that will reduce your participation in government American from May. According to the information consulted by Turtressthe director of DOGE and CEO of Tesla considers that his contract in the White House will allow you work for 130 days.
On the occasion of mitigating the effects of Tesla’s losses for the next quarter, Musk will take advantage of the commercial opportunities to boost flagship automotive models. Financial documentation reported that growth expectations in Energy generation and storage They remain positive after an increase of 67% in the segment.
However, an investigation published by TechCruch He pointed out that Musk media figure as a member of the Trump Cabinet negatively impacted the automotive company. On the occasion of market protectionist policies, and Budget cuts In areas such as education and health, the presence of South African businessman in the United States government left a negative image between consumers, activists, investors and shareholders.
The Tesla Takedown movement in American towns increased the discontent of the population in front of the company and the functions of Musk as director of Doge. This boycott had an impact on the company’s businesses, and in March Actions presented a 32 percent drop.
For its part, there is a situation between the interests of Musk and the government of President Trumpwhich involved confrontations between the businessman and members of the Republican party. With information from people close to the government, Axios He reported that the CEO of Tesla undertook a discussion to shout with the Treasury Secretary, Scott Betting.
During a meeting on The future of internal tax service of the United States (IRS) in the White HouseCabinet members presented antagonistic proposals on tax control. This kind of differences between Musk And Republicans affect the relationship with Trumpand could generate additional rejection among the population
Likewise, despite the objectives of reduction of the environmental impact promised by Tesla y Space Xthese companies received infractions of ecological regulations due to hazardous waste in April. Therefore, Trump’s energy policy in favor of fossil fuels It is an obstacle to Public image and compliance with emission reduction goals to Tesla.
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