Tesla Reports 71% Profit Decline and 20% Revenue Drop Amid Musk’s DOGE Involvement

Tesla reported a 71% decline in profits and a 20% drop in automotive revenue for the first quarter of 2025, highlighting challenges faced by the company amid CEO Elon Musk's involvement with the Department of Government Efficiency (DOGE). The sharp decrease in sales and earnings marks an unprecedented crisis for Tesla, with some customers attributing the slump to Musk's controversial statements and political activities. The company's financial results have drawn attention to the broader impact of Musk's external engagements on Tesla's core business performance.