PREVIEW

Musk Blames Tesla's Financial Slump on Political Fallout. Tesla's first-quarter earnings for 2025 paint a grim picture: net income has plummeted 71%, with revenue, profit, and vehicle deliveries all sharply down. CEO Elon Musk addressed the downturn by pointing to political backlash from his role in the Department of Government Efficiency, or DOGE, as a major factor. Musk claimed organized protests against Tesla are being funded by those who lost out when government waste was cut. He also acknowledged that tariffs could pose future challenges—but said that’s ultimately up to President Trump. Despite the rough quarter, Musk reassured investors Tesla isn’t in danger saying he remains “extremely optimistic” about the company’s long-term prospects—even if some bumps lie ahead.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT