TSL's financial report is dismal, and Musk promises to leave DOGE and return in May.

Tesla CEO Elon Musk vowed to "significantly" withdraw from collaboration with the U.S. government and focus on the Tesla company. In yesterday's earnings call (( 4/22), he pointed out that the term of the government efficiency department he leads will essentially end, and starting next month, he will devote more time to managing Tesla. Investors temporarily forgot Tesla's extremely poor financial data and wholeheartedly supported Musk's return, causing Tesla's stock price to rise another 5% in after-hours trading, although its stock price has fallen nearly 50% from last year's peak of $479.

TSL's financial report is dismal, with an operating profit margin of only 2.1%.

TSL announced its Q1 2025 financial report yesterday, with a significant decline in performance. The gross margin dropped to 16.3%, and the operating profit margin was only 2.1%, highlighting the enormous challenges faced by TSL's automotive and energy businesses. The company reported an adjusted earnings per share of 27 cents for the first quarter, far below analysts' average expectations.

The affordable version of the new car and Robotaxi are still proceeding as planned.

This financial report also addresses the rumors reported by the media regarding Tesla delaying the launch of the more affordable version of its new vehicle and Robotaxi. The report states that the new vehicle plan, which includes more economical models, is still proceeding as scheduled, with production expected to begin in the first half of 2025. These vehicles will utilize the advantages of the next-generation platform as well as many existing platform benefits, and will be produced on the same production line as the current model series.

While this approach will result in lower than previously anticipated cost reductions, it could be prudent for the company to increase vehicle capacity in a more efficient manner during uncertain times. In addition, Robotaxi products will continue to be implemented and mass production is planned to begin in 2026.

Musk: DOGE term will end, and more effort will be put into TSL in the future.

Investors are dissatisfied with Musk's political activities, as his political actions have alienated core customers and severely damaged the image of the TSL brand. Due to the sell-off of TSL stocks, Musk's personal wealth has shrunk by more than $130 billion this year.

Elon Musk pointed out in the financial report meeting yesterday (4/22) that the term of the government efficiency department he leads will basically end, and he will continue to cooperate with the Trump administration during the "remaining time of his presidential term," but the scope of cooperation will be more limited. Starting next month, he will devote more time to running TSL.

Musk also added that he has been pushing for lower tariffs - emphasizing his differences with Trump on this issue. Trump's move to raise tariffs on foreign goods has left investors in a panic and sparked concerns over rising prices for American consumers. Musk stated that tariff decisions are "entirely up to the president."

TSL rose 5% after hours, and its stock price has fallen nearly 50% from last year's high.

Investors temporarily forget Tesla's dismal financial report data and wholeheartedly support Musk's return, with Tesla's stock price rising another 5% in after-hours trading, but its stock has fallen nearly 50% from last year's peak of $479.

This article reports that TSL's financial results are terrible, and Musk promises to leave DOGE and return in May. It first appeared in Chain News ABMedia.