Tesla’s Disastrous Quarter: Musk’s Politics Fueling Brand Collapse
Tesla’s first-quarter 2025 earnings revealed a 71 percent profit drop, prompting CEO Elon Musk to blame organized protests fueled by his involvement with DOGE and support of far-right politicians. In response, Musk announced a significant reduction in his DOGE and political commitments, shifting focus back to Tesla. However, declining US and European sales, driven by consumer backlash against Musk’s political stances, pose a significant challenge. Furthermore, increasing competition from brands offering superior electric vehicles, particularly in China, threatens Tesla’s market dominance.
John Q. Hosedrinker