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Elon Musk says tesla’s profits fall, now give more time to the company than the Trump administration

SPIL
Nepal Life

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Kathmandu. Elon Musk, the world’s richest man, will now give more time to his electric car maker Tesla than the Trump administration.

Musk was criticized from all sides after joining US President Donald Trump and there was a campaign to boycott Tesla cars. There have also been many incidents of attacks on Tesla cars in the US.

Esewa
Crest

Tesla car sales have fallen sharply in recent years. As a result, the company’s profit has decreased along with income. According to the company, in the first quarter of 2025, revenue decreased by 20 percent compared to the previous year and the profit decreased by 70 percent.

Experts have warned that the company’s financial losses due to Musk’s involvement in politics could increase further. Musk currently heads the Trump Department of Government Efficiency (DOGE).

With the company’s financial performance weakening, Musk has now decided to spend less time at DOGE and more time on Tesla’s improvement. He has decided to give the company more time from May next month. -Agency

 

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