Latest news with #X-branded
Economic Times
26-04-2025
- Automotive
- Economic Times
Elon Musk pulls back from Trump's DOGE role to refocus on Tesla
Elon Musk, CEO of Tesla, hinted at stepping back from his Department of Government Efficiency (DOGE) role by posting a picture of himself wearing an X-branded t-shirt, in a symbolic shift from the "Tech Support" and "DOGE" t-shirts he has frequently donned since Donald Trump returned to the White House. The post on X comes just days after Tesla's earnings call, where Musk addressed growing shareholder concerns over his divided focus. Tesla reported a 20% drop in car sales and a staggering 70% plunge in profits for the first quarter of 2025. During the call, Musk announced that starting May, he would "significantly" reduce his time spent at DOGE, a Trump administration initiative aimed at slashing federal spending, and instead reallocate "far more" of his attention to Tesla. "Starting next month, I'll be allocating far more of my time to Tesla," Musk said. The wardrobe change comes at a time when Musk is under fire not only from investors but also from customers. Over the past several months, Tesla showrooms across the US have witnessed protests. Some Tesla owners staged symbolic handovers of their vehicles to rival carmakers, while others called for boycotts. Meanwhile, Musk's relationship with Trump has grown increasingly visible. Earlier this year, the White House hosted a Trump-backed event showcasing Tesla vehicles and Musk's vision for American manufacturing leadership. Musk has contributed $250 million towards Trump's re-election campaign, a move that has further polarised public opinion around Tesla. Musk has repeatedly defended DOGE's work as "critical" for America's future. Tesla plans to launch a cheaper Model Y variant later this year and is pushing ahead with its much-anticipated robotaxi service in 2025.
Time of India
26-04-2025
- Automotive
- Time of India
Elon Musk pulls back from Trump's DOGE role to refocus on Tesla
Synopsis Musk posted a picture of himself wearing an X-branded t-shirt, instead of the "Tech Support" and "DOGE" t-shirts he has frequently been wearing since Donald Trump returned as US President. The post comes days after Tesla's earnings call, where the car maker reported a 20% fall in car sales and a massive 70% plunge in Q1 2025. Musk addressed growing shareholder concerns over his divided focus.
Time of India
25-04-2025
- Business
- Time of India
Elon Musk's DOGE Tech Support T-shirt is gone, changed to this…
Elon Musk , Tesla 's CEO, hinted at stepping back from his role in the Department of Government Efficiency (DOGE) by donning an X-branded T-shirt in a recent X post, a symbolic shift from his 'Tech Support,' and " DOGE " T-shirts, that he have frequently worn since the Donald Trump took over the White House, jokingly saying he's the tech support of the Trump administration . Elon Musk may finally be making the switch from politics to his businesses back — elonmusk (@elonmusk) This post comes days after Tesla's April 22 earnings call, where Musk addressed shareholder concerns about his divided focus amid a 20% drop in car sales and a 70% plunge in profits for Q1 2025. During the call, Musk announced he would 'significantly' reduce his DOGE time starting May, allocating only one to two days per week to the initiative, stating, 'Starting next month, I'll be allocating far more of my time to Tesla.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like People In Uttar Pradesh Say Goodbye To Mosquitoes With This Revolutionary Solution Mosquito Eliminator Read More Undo The T-shirt, featuring the X logo, reflects Musk's pivot back to his business empire, particularly X Corp , which recently reclaimed its $44 billion valuation. His DOGE role, aimed at slashing federal spending under Trump's administration, has drawn criticism for distracting him from Tesla, fueling boycotts and protests that Musk blamed for the company's sales slump. Tesla's stock, down 37% this year, rose over 5% in after-hours trading post-earnings. Musk's political stint, including his $250 million contribution to Trump's re-election, has been contentious. While he called DOGE work 'critical,' he emphasized Tesla's priority, citing challenges like trade tariffs impacting its China-dependent supply chain. The company also faces fierce competition and plans to launch a cheaper Model Y and a robotaxi service in 2025. Analysts like Dan Ives see this as a 'fork in the road' moment for Tesla, urging Musk to refocus on engineering to restore the company's trajectory.
