"Elon Musk Just Dropped A Bombshell During Tesla’s Earnings Call"
He is scaling back his role at the department of government efficiency (DOGE) starting May. The announcement sent tesla’s stock up 5% in after hours trading, a rare win for a company that just posted its worst quarter in years.
Tesla’s Rough Quarter Meets Musk’s Political Exit
Tesla’s Q1 earnings were brutal, 20% drop in auto revenue, 71% profit crash. Meanwhile, Musk confirmed he will still advise DOGE "a day or two a week" but is largely stepping away. His timing? Suspiciously convenient.
The $300 Million "First Buddy" Deal
Musk bankrolled trump’s 2024 campaign, scoring himself a top role in DOGE, an agency that is slashed jobs at the IRS, SEC, FAA, and more. Critics call it a conflict of interest, especially since DOGE also targeted regulators overseeing Tesla.
Protests, Far-Right Ties, and Tesla’s Crumbling Reputation
From Berlin to New York, protesters are slamming Musk’s support for Germany’s AfD party and DOGE’s aggressive tactics. Tesla’s brand is taking hits, just as Chinese EVs eat into its sales.
What’s Next?
With DOGE’s 130-day limit nearing, Musk’s federal gig may end unless Trump reappoints him. Wall Street’s betting Tesla does better with Musk back in the boardroom not D.C.
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