Protests against Tesla CEO Elon Musk, linked to his involvement in the Trump administration, have coincided with a decline in sales and stock performance for the electric carmaker. However, the exact impact on Tesla’s financials will only be clear after the company releases its earnings report. This announcement is crucial for Musk, whose wealth largely depends on Tesla’s success. Some shareholders have urged Musk to focus solely on Tesla rather than his governmental role. During an upcoming analyst call, Musk may address his plans post-government service. Tesla shares have fallen significantly since Musk began his role in the Department of Government Efficiency (DOGE). The company reported a drop in vehicle deliveries in Q1 2025, attributing it to production changes in Model Y lines. Tesla also faces increased competition, particularly from Chinese firms like BYD. Musk announced a robotaxi test program in Austin, Texas, but BYD quickly countered with advancements in self-driving technology at lower costs. Tesla’s domestic supply chain gives it an edge over U.S. rivals, yet it remains susceptible to tariffs imposed by the Trump administration. Analysts warn of operational, financial, and reputational challenges for Tesla.
— new from ABC News
