Elon to reduce DOGE involvement after dismal Tesla earnings report

Tesla's quarterly results are in, and it seems the panic alarm finally went off. Analyst expectations for Tesla's first quarter of 2025 were already pretty grim, but Tesla handily beat them with a 71 percent drop in profit and a 20 percent drop in car sales, with the only thing keeping the company in the green for the quarter being 595 million in carbon credit sales. While the sales drop can partially be attributed to the launch of Tesla's updated Model Y, it's now obvious that Musk's political engagement, which includes running the so-called Department of Government Efficiency (DOGE), has been giving potential Tesla buyers pause. DOGE, which is supposed to be cutting unnecessary government expenses, has instead wreaked havoc inside the federal government, with fairly little to show for it. Musk's endorsement of far right political options probably isn't helping either, especially in Europe, where Tesla sales have plummeted in recent months.