Tesla's revenue and profit both decline, Musk decides to return! Dogecoin, however, breaks out into an independent trend
Recently, Tesla's performance report has really made people sweat! In the first quarter, revenue was only $19.3 billion, a direct drop of 9% year-on-year, and the automotive business revenue plummeted by 20%. Net profit was directly slashed, plummeting by 71%, leaving only $400 million. Many people are saying that after Musk became the joint head of the government's efficiency department, he offended Democratic supporters, which directly affected electric vehicle sales. Fortunately, Musk finally loosened up and said he would reduce his involvement with the government starting in May and focus on Tesla. As soon as this news was released, Tesla's stock price immediately rose; it seems everyone is still hoping for his return to business! However, he hasn't completely stepped back, as he still dedicates 1-2 days a week to advise the Trump administration. It's hard to say what new developments will come next.
Now, let's talk about Dogecoin. Initially, everyone thought that if Musk stopped managing cryptocurrency, Dogecoin would definitely drop. Who would have thought of a plot twist? Dogecoin not only didn't drop but actually rose! The crypto world is really hard to grasp; we don’t know how Dogecoin will continue to fluctuate. All we can do is keep watching and eating popcorn.