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The Independent UK
The Independent UK
Business
Alicja Hagopian and Karl Matchett

Tesla’s fall in numbers: The staggering profit drops that forced Musk to step back from DOGE

Tesla Inc. Elon Musk DOGE Donald Trump United States China United Kingdom

At the start of the year, Tesla’s share price was at an all-time high.

Elon Musk, owner of the electric vehicle giant, was coasting on the win of his ally Donald Trump, and investors were hedging their bets that soon-to-be-President Trump would enact policies in favour of Tesla and the billionaire’s other companies.

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