Musk to step back from Doge after Tesla profits plummet

Politics,Trump Administration,Elon Musk,DOGE,Government Efficiency,Tesla,Business

Posted on AllSides April 23, 2025

The Telegraph - UK

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The Telegraph - UK

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Elon Musk has vowed to spend “significantly” less time working for Donald Trump’s administration and focus on Tesla after profits plummeted to a five-year low.

The electric car company’s net income slumped by 71pc to $409m in the three months to the end of March, marking its least profitable quarter since 2020.

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