Elon Musk said his time at DOGE will ‘drop significantly’ after earnings release

Tesla has reported the loss of income from its electric vehicles in the first quarter.

Electric vehicle manufacturer, driving General Manager Musk:During the first three months of 2025, it has increased cars worth $ 13.97 billion, noting about 20% decline in the same quarter of the previous year, according to its release.

During his earnings call, Elon Musk said that his “time allocation will fall” will fall. ” TanThe government’s Efficiency Department is Natiel, Natural for the first days of the second Trump administration.

Tesla’s total income, including automotive, energy production, services and other income, came $ 19.3 billion, decreasing by 9% compared to the first quarter last year.

Tesla Model 3 is seen in the CALIFORNIA PALE ALTO at the company’s store on January 28, 2025. (David Paul Morris / Bloomberg through Getty Images)

Agreeable companionY, less vehicle delivery “Participate in all four model factories”, contributed to the decline in its total revenue, as well as the “average transportation price” and other factors.

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Ev Maker at the beginning of the month, which has been protesting and violence in recent months, stems from the Musk position. Dag, He noted that the delivery of vehicles came to the clock at 323,800 for the first quarter. It was 386,810 delivery during the same quarter of last year.

Elon Musk speaks of the newly elected President Donald Trump and the guests during the sixth flight of the spacecraft in Braunsville, 2024. November 19. (Brandon Bell / Pool / Reuters)

According to Tesla, it Energy generation and warehouse It was revived of $ 2.73 billion, a 67% decline of year by year. Meanwhile, the services and other income increased by 15% a year, so that almost $ 2.64 billion was hit in the first quarter.

The company noted that “uncertainty in the automotive and energy markets continues to grow, as the rapidly developing trade policy has a negative impact on the structure of Tesla and our peers’ global supply.”

“Along with changing this dynamics, the political mood can have a meaningful impact on our product demand.”

Tesla reported a quarterly net income for $ 409 million. Meanwhile, the company saw diluted earnings per share of $ 0.27.

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According to earnings, these representatives are 71% and 40% decline.

Tesla’s operating margin has posted 343 basis, the decline in the first quarter decreases in the first quarter, hit by 2.1%.

In his future, the company said that “it is difficult to measure the impact of changing global commercial policies, the structure of our expenses and the requirement of resistant products and related services.”

Tesla Model Y (Brandon Bell / Getty Images / File)

“While we make reasonable investments that will present both our car and energy business for growth this year the growth rate will depend on a number of factors, including the production ramp in our factories. Macroeconomic environment”

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Tesla also said that “remains a track” to start production of new vehicles in the first half of the year. More affordable vehicles are from these programs.

Tesla’s Current Cover: Vehicles include model s, Model Y, Model Y, Model X and Cybertruck. It also produces electric semi-columns.