Tesla's worst revenue in three years! Return to prevent blood and improve one's business: it will reduce the work in DOGE

Tesla's financial report hit its worst performance in three years. Musk took advantage of the situation and announced that he would reduce his work in the White House DOGE (Government Efficiency Department) department and focus on his "profession".

Tesla's worst revenue in three years! Return to prevent blood and improve one's business: it will reduce the work in DOGE

Tesla's revenue is "worst in 3 years"

US President Donald Trump has issued a big knife to the world with tariffs, and is expected to impose a 25% tariff on all auto parts in May, even his good friend and good colleague Elon Musk cannot escape this whirlwind.

Musk, who has always been full of confidence, was rarely silent for ten seconds on the latest quarter's earnings call. He sighed deeply and said helplessly: "I will continue to recommend the president to lower tariffs, but that's all I can do."

Tesla's Q1 financial report was worse than expected, setting its worst in the past three years

Tesla's first quarter financial report this year was released, but the result was unsatisfactory.

The revenue part was US$19.34 billion, down 9% year-on-year, lower than market expectations of US$21.37 billion, the worst performance in nearly three years. Automobile revenue was US$16.35 billion, a year-on-year decrease of 20%, and net profit fell sharply by 71%, from US$1.39 billion in the same period last year to only US$409 million, with an earnings per share of US$0.27, far lower than the expected US$0.41.

CNN anchor Erin Burnett commented sharply on the show: "Musk's empire suffered a major blow tonight."

Not only that, Musk will also face the attack of tariff swords. The Trump administration predicts that it will impose a maximum tariff of 25% on Chinese auto parts and will be officially launched in May. Foreign media analysis pointed out that although Tesla has local supply chain advantages in the United States, core batteries and many important parts are still highly dependent on China's imports.

Global shipping tracking systems show that the number of cargo ships from China to Southern California plummeted by 44%, indicating that supply chain tightness is no longer groundless. "CNN" commented that Musk is now in the core vortex of the "tariff war", the two major markets of the United States and China have been set, and the operating pressure in the future will only increase but not decrease.

Musk said bluntly after 10 seconds of silence at the financial report meeting: "Tariffs are very difficult for a company, especially when profits are already low."

However, he believes that Tesla still has the advantages of the US local supply chain compared to other car manufacturers. At the same time, he emphasized that he would continue to give President Trump relevant advice, "But of course he will take the lead."

In addition, foreign media also pointed out that Tesla's profit performance has been overturned, which is related to the "Tesla takedown" operation that has occurred in some regions. Musk's position in the Trump administration has sparked calls for boycott of Tesla. Although the organizers claimed that most of the protests were carried out peacefully, some of the activities still turned into acts of arson and vandalism, which affected Tesla's display space and charging stations.

In fact, Tesla's stock price has fallen by more than 40% since the beginning of the year, and its market value has evaporated by more than US$130 billion (about NT$4.16 trillion).

DOGE role changes, Musk will significantly reduce participation

After Musk invested nearly $300 million to assist Trump in returning to the White House during the 2024 presidential election, he founded the Department of Government Efficiency (Doctor of Government Efficiency) and served as a special government employee, committed to reducing the size and costs of the government. According to DOGE's official website data, the department has reached a budget of about $160 billion so far, but some of the data has been questioned and has been deleted.

However, Musk also stated in this financial report meeting that his time spent in DOGE will be "significantly reduced" from May. In the future, he will only spend one or two days a week dealing with government-related affairs, "as long as the president needs me, I will support it."

Musk started in early February this year and "worked part-time" in the White House as a "special government employee." According to the U.S. Department of Justice, "special government employees" refer to individuals who work for the government for no more than 130 days within a year, and the new Trump administration is expected to reach this threshold by the end of May.

In response to this, Trump responded, "At a certain point in time, we must let him make this decision, and I will talk to Elon again."

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