Tesla, the profit collapses by 71% and Musk takes a step back in politics: « I work at the complete doge, now I go back to my cars »

Tesla’s profits continue to drop e Elon Musk He decided to run for cover. The first quarter, in fact, recorded a -71%, caused by the collapse of the sales of its cars. The reasons for this disaffection of customers are to be found mainly in the range of products offered that show very few news. To this, however, must also be added the boycott of the Tesla cars in many European countries as a reaction to the descent in the field of the patron of Spacex Next to Trump and his political declarations, especially during the German electoral campaign, perceived by many as undue interference in European politics. So, in the end, Tesla’s net profit collapsed from 1.39 billion to 409 million dollarswell below the analysts’ estimates, bringing the turnover of Tesla from 21.3 billion to 19.3 billion dollars in the period between January and March, also below the Wall Street forecasts.

The commitment to the doge arrived at the terminus?

Also for this reason, for a few weeks, it is rumored that Musk’s work at the Doge, the Department for the US efficiency, has come to the terminus. The same millionaire has substantially admitted it on Tuesday 22 April during a teleconference with analysts: « My work at the doge is almost completed, » he said. « I will continue to work with the team for the rest of Trump’s mandate To make sure that waste and fraud no longer occur », but starting from May, »I will dedicate much more time to Tesla». Musk explained that he predicts to dedicate only « one or two days a week to government issues ».

Reassurances to investors

It was what the investors wanted to feel said; That is, he confirmed to « commit himself again to Tesla », as Dan Ives of Wedbush Securities explained. And « this big step in the right direction » took immediately go up the Tesla shares of over 5% in the after-hours counterattacks. Meanwhile, the company has reconfirmed that she wants to launch an economic version of its best -selling vehicle, the Sport Utility Model Y, already in the first half of this year. He then reiterated the forecasts about the launch of a paid service of robotaxi without driver, who should start in Austin, Texas, in June, while most of the fleet will be operational from next year.

Musk: « Shortly millions of Tesla who will guide alone »

« In the second half of 2025 there will be millions of Tesla who will function autonomously, » Musk insisted during the conference call which followed the announcement of the results. To then give a visionary example, a bit like he was used to in the past: «You can go to sleep in your cars and wake up at your destination« , he said. « And that’s sure it will be possible in many cities in the United States by the end of this year. » Mal the automotive analyst Sam Abuelsamid of Telemetry Insight, as AP reports, said to doubt Musk’s predictions. « The system is not robust enough to operate without supervision, » he explained. « It still makes too many mistakes. » In short, Musk’s looks like a boutade: the system « suddenly will make mistakes that will lead to accidents », concluded Lapidario Abuelsamid.

Investigations on Tesla’s « Autopilot » system

If the launch of the robotaxi without steering wheel or pedals will take place on the planned dates, it will happen in any case while the federal regulatory authorities are still investigating to verify whether Tesla driving assistance technology is really safe. The so -called Autopilot is in fact the subject of investigation by the National Highway Traffic Safety Administration: The doubts is that the system does not sufficiently notify drivers, especially when their attention is distracted. In addition, the Full Self-Driving system, which is only partially autonomous, has attracted criticism for giving misleading information to drivers, while it was examined for its possible link with accidents that occurred in conditions of poor visibility or the cause of reflections of the sun.

The aggregation competition

And then there is the theme of fierce competition. Tesla, which once dominated the electric vehicle sector, now if he has to see it with the Chinese producer Bydwho announced that he has developed an electric battery that can recharge in a few minutes. Meanwhile, Tesla’s European rivals have also started to propose new models with advanced technologies capable of being true alternatives to the offer of Musk’s automotive manufacturer, just as the Millionaire CEO of Tesla has alienated itself potential new buyers in Europe publicly supporting the far -right politicians on various occasions. In short, a series of « unfortunate » events that Spacex’s visionary owner had not been able to predict. And now he is paying them dear.