Shares rose 4% in after-hours trading as Musk delivered the news to analysts, many of whom have attributed Tesla’s struggles to public backlash from the mogul’s close ties to Trump and tough overseas competition. Musk insisted he would continue to work with the administration to combat “waste and fraud” and would “spend a day or two per week on government matters for as long as the president would like me to do so.” “The actual reason for the protests is that those receiving the waste and fraud wish to continue receiving it,” Musk said on the earnings call.
Author: Thomas Barrabi
Published at: 2025-04-22 22:40:51
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