Musk, who has been at the forefront of the Doge project since its inception, acknowledged the changing political landscape and its potential impact on Tesla's market performance. Accusations of diverting attention away from Tesla's operations have sparked protests against the company, contributing to a significant share value decline—approximately 37% so far this year. Despite this, Musk expressed his intention to continue serving the Trump administration, stating that his role remains "critical" and will persist as long as it's advantageous and as per the President's desire.
The financial forecast for Tesla remains grim, with fears that ongoing trade tensions, particularly with China, are jeopardizing supply chains and increasing costs. Despite these challenges, Musk defended Tesla's operational model, claiming they are least affected by tariffs due to their localized supply chains. However, he conceded that the pressures on profit margins make the landscape especially challenging. Analysts suggest that the company must navigate heightened competition and supply chain disruptions as it moves forward.
The financial forecast for Tesla remains grim, with fears that ongoing trade tensions, particularly with China, are jeopardizing supply chains and increasing costs. Despite these challenges, Musk defended Tesla's operational model, claiming they are least affected by tariffs due to their localized supply chains. However, he conceded that the pressures on profit margins make the landscape especially challenging. Analysts suggest that the company must navigate heightened competition and supply chain disruptions as it moves forward.