Daily Mail News
By STEPHEN M. LEPORE FOR DAILYMAIL.COM and BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM
Published: 18:28 EDT, 22 April 2025 | Updated: 04:21 EDT, 23 April 2025
Elon Musk says he´ll dedicate more time to Tesla and his role as ‘First Buddy’ will ‘drop significantly’ starting in May after the company reported a breathtaking downfall in first quarter profits.
The automaker’s first-quarter profits cratered 71 percent, with the EV giant pulling in $409 million compared to $1.4 billion during the same stretch last year.
Wall Street expected better — and investors are clearly growing uneasy with the once-dominant EV brand.
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