Tech billionaire Elon Musk wants to retreat largely from the role of the role as the costs lower of President Donald Trump in Washington from May. Instead, he will once again spend more time managing the manufacturer of the electric car Tesla, who is fighting with significant falls from the sale and profit.
The income fell by nine percent a year to a good $ 19.3 billion (16.99 billion euros). The bottom line is that the profit broke out by 71 percent to $ 409 million compared to the same period last year. Musk immediately announced that they would like to take care of Tesla again from May.
The results are not surprising: the deliveries of Tesla fell by 13 percent in the first quarter to 336,681 vehicles. It is difficult to determine how strong individual reasons have contributed to the decline. A factor must be the switch to a renewed generation of the Bestseller model Y.
Political campaigns such as a “purchase brake”
The political activities of Musk also threw a shadow at the Tesla company. The technical billionaire became a tight ally of Donald Trump last year, to whom he gave more than $ 250 million for the election campaign for the White House. As president, Trump commissioned him to reduce government spending.
Critics accuse Musk of ruthless action in the cuts in Washington. Moreover, his right political views scares some potential Tesla buyers.
Musk wants to spend more time at Tesla
Musk immediately announced after publication of the quarterly figures to spend considerably less time working for Trump from May and again increasingly to take care of Tesla. As long as Trump wants this, he would continue to work for him for a day or two. He would devote Tesla to the rest of the time. After the announcement, the Tesla share increased by around four percent.
Source: Krone
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