Tesla profits drop 71% amid anti-Musk backlash
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Tesla's profits fell 71% over the first three months of this year, a company earnings release on Tuesday showed. The new financial details arrive as some shareholders have called on Musk -- whose temporary status as a government employee expires next month -- to step down from his White House role and return full-time to the helm of Tesla. Opening his company's earnings call on Tuesday, Musk defended the work he was doing with the Department of Government Efficiency and commented on the Tesla protests, saying, without evidence, that the protesters were demonstrating because they were “receiving fraudulent money.”

He then called the DOGE work necessary but said that “working for the government to get the financial house in order is mostly done.”

“I think starting probably next month in May, my time allocation to those will drop significantly,” he said.

He added that he expected to keep working for the government one or two days a week for the remainder of President Donald Trump’s presidency to “make sure that the waste and fraud that we stopped does not come roaring back.” DOGE has not yet proved the fraud it alleges.

  • Cimbazarov [none/use name]English
    48•3 months ago

    It’s the system. Only capitalism can make someone like my-hero the richest man in the world. I don’t believe a true meritocracy can exist, but I believe we live in the opposite of one.

    He has constantly made false promises for the last 15 years and yet people (with money) still trust him

    • ChaosMaterialist [he/him]English
      17•3 months ago

      To add on to this, the punishments for impropriety do not scale with wealth. What is devastating for regular folks is nothing to the rich. Like parking tickets in Manhattan, when “punishments” become the cost of doing business then there is no real barrier to this behavior once you cross the threshold.