Catégorie oBox : BuzzNews
Despite a rise of over 7% in worldwide sales of electric vehicles, Tesla recorded a 13% drop in its own sales compared with the same period last year, leading to a collapse in profits, down 71% in the first quarter of 2025.
Billionaire Elon Musk said he will step back from the U.S. DOGE Service next month and focus on Tesla, his reeling electric vehicle company, which on Tuesday reported a stunning 71 percent plunge in profits compared with the first quarter of 2024.
— The Washington Post (@washingtonpost.com) 2025-04-23T12:02:46.607Z
Most of the decline is attributed to the heated controversies surrounding Elon Musk, including his US political involvement alongside Trump with DOGE, his controversial comments and gestures, and his closeness to the far right.
This major setback prompted the CEO to announce to Tesla investors that he would be taking a step back from DOGE as early as next month, in order to refocus some of his attention on the electric vehicle company.
However, Elon Musk has said he has no intention of withdrawing from DOGE altogether, stating that he will remain heavily involved with the department under the Trump administration until the end of Donald Trump’s term.
Elon Musk’s erratic statements and behavior have clearly turned off some of Tesla’s customers, who were already weakened by the rise of competitors in the electric vehicle sector.
The company now has to contend with tariffs imposed by Donald Trump, further complicating its situation.
As well as trying to reassure investors of his renewed involvement in the company, Elon Musk also sought to appease them about his position on tariffs, saying he was in favor of a reduction.
However, he made it clear that, ultimately, decisions rest with the President.
The peace plan proposed by the Trump administration quickly collapsed, with Ukraine firmly rejecting it for its openly pro-Russian orientation, including endorsing Russian control over territories occupied for the past three years, recognizing the annexation of Crimea and banning any future Ukrainian membership of NATO.
This initiative, presented by the United States, illustrates once again the problematic alignment of Trump’s foreign policy with the interests of the Kremlin, to the detriment of Ukraine.
Zelensky was also very clear about Ukraine’s position on its territorial integrity:
« Ukraine will not legally recognize the occupation of Crimea ».
Zelensky then added: « There’s nothing to talk about here ».
This statement visibly irritated Donald Trump, who quoted Zelensky in a post on Truth Social, accusing him of having « no cards to play » and claiming that Crimea « was lost years ago ».
The Trump administration, through Vice President JD Vance and Secretary of State Marco Rubio, has also threatened to withdraw from peace negotiations if Ukraine persists in rejecting his proposal.
Ukrainian President Volodymyr Zelensky reaffirmed that Ukraine would only enter into peace negotiations with Russia once a complete ceasefire had been established.