Musk, facing criticism and falling Tesla sales, to cut back DOGE work

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Musk, facing criticism and falling Tesla sales, to cut back DOGE work

//automotive-transportation.news-articles.net/co .. d-falling-tesla-sales-to-cut-back-doge-work.html

Published in Automotive and Transportation on Thursday, May 8th 2025 at 6:21 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Tesla CEO Elon Musk said on Tuesday he would cut back significantly the time he devotes to the Trump administration from next month and spend more time running his many companies.

312x163/118893 Bytes

Tesla investors are eagerly awaiting more details on the company's plans to launch a more affordable electric vehicle (EV) model, as revealed in Tesla's recent quarterly earnings report. The new model, expected to be priced around $25,000, is seen as crucial for boosting Tesla's sales and market share, particularly in the face of increasing competition and a slowdown in EV demand. CEO Elon Musk has hinted at innovative manufacturing techniques that could significantly reduce production costs, but specifics on the vehicle's design, features, and exact timeline remain undisclosed. Analysts believe that the success of this new model will be pivotal for Tesla's future growth and its ability to maintain its lead in the EV market.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/tesla-investors-await-details-affordable-electric-car-plans-boost-sales-2025-04-22/ ]