Tesla profits drop 71% amid anti-Musk backlash
www.yahoo.com
Tesla's profits fell 71% over the first three months of this year, a company earnings release on Tuesday showed. The new financial details arrive as some shareholders have called on Musk -- whose temporary status as a government employee expires next month -- to step down from his White House role and return full-time to the helm of Tesla. Opening his company's earnings call on Tuesday, Musk defended the work he was doing with the Department of Government Efficiency and commented on the Tesla protests, saying, without evidence, that the protesters were demonstrating because they were “receiving fraudulent money.”

He then called the DOGE work necessary but said that “working for the government to get the financial house in order is mostly done.”

“I think starting probably next month in May, my time allocation to those will drop significantly,” he said.

He added that he expected to keep working for the government one or two days a week for the remainder of President Donald Trump’s presidency to “make sure that the waste and fraud that we stopped does not come roaring back.” DOGE has not yet proved the fraud it alleges.

  • underisk [none/use name]@hexbear.netEnglish
    9·
    2 days ago

    The wealthy and powerful do not achieve that status through any special trait that makes them superior. They are just as boring and fucked up as everyone else but they have to seem better or the illusion of meritocracy falls apart and people start to wonder why these people have been elevated above them. So they shaped society so that being aggressively mediocre or even downright incompetent is no hindrance to maintaining your family’s dynastic hold in wealth and power.

    As a side effect the various compensatory mechanisms they constructed to paper over their numerous flaws all worked together to elevate the worlds worst piece of barely sentient shit to the peak of wealth and power.