Musk signals “significantly” by pulling away from Doca when Tesla profits immersed

Tesla’s head Elon Musk says he will reduce his role in the administration of Donald Trump after the company’s profits and revenue were immersed in the first three months of the year.

Sales have come down and the electric carmaker faced a reaction, as Musk has become a political attachment in the White House.

On Tuesday, the company reported a 20% drop in cars revenue in the first quarter of 2025, compared to the same period last year, while the profits fell over 70%.

The company has warned investors that the pain can continue by reducing to propose a growth forecast, saying that “changing political sentiment” can harm demand.

The recent immersion in the wealth of the company came against the backdrop of a protest over Musk’s role in the new Trump administration, which he acknowledged that he had downloaded his focus from the company.

The technical boss has contributed more than a quarter of a billion dollars to Trump’s re -election. He also leads the initiative of the Ministry of Government of Trump (Doge) to reduce federal costs and reduce government labor.

Musk said his “distribution of time for Doc” would “fall significantly” from next month. He, he said, would spend only one to two days a week on the government’s issues “as long as the president wants to do it and as long as it is useful.”

His political participation has sparked Tesla’s protests and boycotts around the world.

He accused the “blowing” of the people who “will try to attack me and the Dog team.” But he called his work at Dog “critical” and said that “to make the government house in order is most.”

Tesla brought $ 19.3 billion (£ 14.5 billion) total revenue in the quarter, which is less than 9% a year, according to the new numbers. This was less than expected of $ 21.1 billion from analysts and came as the company reduced prices in an attempt to court buyers.

Trump’s tariffs for China have also weighed heavily on Tesla, the company said. Although the vehicles that Tesla sells on its home market are assembled in the US, it depends on many parts made in China. A fast -paced trade policy can harm the supply chain and increase costs, according to the company.

“This dynamic, along with changing political sentiment, can have a significant impact on the search for our products in the short term,” said the quarterly Tesla update.

Musk has clash Regarding the trade with other figures of the Trump administration, including sales adviser Peter Navarro.

Earlier this month, he called Navarro “Debil” because of the comments he made for Tesla. Navarro had said that Musk was not a “carmaker” but a “car assembler, in many cases”.

On Tuesday, Musk said he believed that Tesla was the car company, the least affected by the tariffs because of its localized supply chains in North America, Europe and China, but added that the rates are “still difficult for a company where the margins are low.”

“I will continue to stand up for a lower tariffs, not higher tariffs, but that’s all I can do,” he said on Tuesday.

Tesla said that artificial intelligence would contribute to future growth, although investors were not beaten by such arguments in the past.

The shares of the company had allocated about 37% of their value this year to Market Close on Tuesday. They increased by more than 5% in trade after hours after the results.

Dan Coatsworth, an investment analyzer at AJ Bell, called the Rock-Dwon expectations after the company said Earlier this month, the number of cars sold in the quarter dropped by 13% to the lowest level in three years.

The company is facing fierce competition, said G -n Coatsworth, warning that the potential interruptions of global supply chains as a result of Trump’s trade war also pose risks.

“Tesla’s problems are growing,” he said.