🚨 Elon Musk Retreats From D.C. as Tesla Profits Crash 71% — Focus Shifts Back to Business Tesla’s Q1 profits just plunged 71%, and Elon Musk says he’s cutting back on political time in Washington to refocus on Tesla’s future. With revenue down and deliveries slipping, Musk admitted the distraction of his government role played a part. The timing couldn’t be clearer: Wall Street is losing patience, EV competition is rising, and Tesla's stock is feeling the heat. Musk plans to step back from D.C. starting in May, saying his work with the Department of Government Efficiency (DOGE) is “largely complete.” Critics say his political visibility — and ties to Trump and European right-wing leaders — is hurting the brand. 📉 Meanwhile, Tesla is racing to recover with promises of a cheaper Model Y and robotaxi rollout later this year. #ElonMusk #TeslaCrash #EVMarket #StockWatch #CorporateShift #MuskMoves #ElectricVehicles #BETTRNews #TeslaProfitDrop 👉 Full story: https://www.nytimes.com/2025/04/22/business/tesla-earnings-elon-musk.html