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The Latest Breaking News from Elon Musk

Elon Musk to slash Doge work as 'blowback' hits Tesla profits

Tesla has seen its profits plunge by 71% this year

Evening Standard

Tesla earnings decline as anti-Elon Musk sentiment hampers sales

Tesla’s first-quarter automotive revenue dropped 20% year-on-year due to reduced deliveries affected by anti-Musk sentiment, factory retooling, and seasonal factors. The company also faces supply chain and cost challenges linked to the US–China trade war.

Euronews

Musk To Reduce White House Role As Tesla Profits Plunge

"Probably in the next month, my time allocation to DOGE will drop significantly," Musk said at the outset of an earnings conference call, referring to his work for the "Department of Government Efficiency."

International Business Times

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Musk says he’ll spend less time working with Trump after Tesla profits sink

Tesla CEO says he will spend ‘far more’ of his time running carmaker after putting cost-cutting team in place.

Al Jazeera

Elon Musk says first Tesla robotaxis in Austin will be a fleet of 10 to 20 Model Ys but gives few details: ‘You can just see for yourself in two months’

The Tesla robotaxi service, as stated, would be a significant leap in capability from what is currently available.

Fortune

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

Asian shares are mostly higher, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve

The Independent UK

After stunning comeback, centre-left Liberals likely to win majority of seats at Canadian election

In Canada, the governing centre-left Liberals had trailed the Conservatives by more than 20 points in January, but now lead by five points and are likely to win a majority of seats at next Monday’s election. Meanwhile, United States President Donald Trump’s ratings in US national polls have dropped to…

The Conversation

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Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

The Guardian - US

Musk promises less time at DOGE

Musk told investors that his time at DOGE would "drop significantly" following a disastrous quarter

Salon

Moving Fast And Breaking Everything: Musk's Rampage Through US Govt

In Silicon Valley, they talk about "moving fast and breaking things." One of his first and splashiest moves was to send emails to 2.3 million civil servants, offering buyouts -- and making clear their futures now hang by a thread.

International Business Times

US Judge Fighting Trump's Orders Reveals Menacing Tactic Being Used to Silence Her and Other Judges

Trump is waging an unprecedented campaign against legal institutions, targeting pillars of the judicial system through executive orders and social media attacks.

International Business Times UK

Elon Musk claims Tesla demonstrators are being paid by government ‘waste and fraud’ he is fighting with DOGE—they just won’t admit it

Musk offered no evidence for his claims but described the protests as “natural blowback” on Tesla from those on the receiving end of the fraud.

Fortune

Boston nonprofit rejects federal funding so it doesn’t have to comply with Trump’s anti-DEI demands

The nonprofit won a grant through Americorps, the volunteer agency recently gutted by Elon Musk’s DOGE

The Independent UK

What to believe, Elon Musk’s promises or Tesla’s terrible results for Q1?

Elon Musk’s true believers are boosting the stock despite a big net income drop.

Fortune

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International Business Times

Tesla Says Profits Plunge 71%, Warns Of 'Changing Political Sentiment'

Tesla reported a 71 percent drop in first-quarter profits Tuesday in results that lagged analyst estimates as Elon Musk's automaker warned of a hit to demand due to "changing political sentiment."

The Independent UK

The Latest: Vance calls for greater ties with India as he meets with Modi to discuss trade deal

While in India on Tuesday, U.S. Vice President JD Vance called for enhanced engagement with the South Asian country

The Guardian - US

Elon Musk to pull back in Doge role starting May amid 71% dip in Tesla profits

CEO to pare back White House work to one to two days weekly as analysts say role has caused branding crisis

Barchart

Tesla Is Trimming Its Cybertruck Production. Should You Sell TSLA Stock as the Headwinds Keep Mounting?

Down over 50% from its all-time highs, Tesla stock trades at a discount to consensus price targets as of April 2025. Is TSLA stock a buy, sell, or hold right now?

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Fortune

Stock market rallies after closed-door remarks by Treasury Secretary Bessent

The S&P 500 climbed 2.5% after a broad market selloff on Monday.

Motor1

Wow: Volkswagen's EVs Are Outselling Tesla in Europe

Remember when Tesla had the best-selling vehicle in the world? Now, the beleaguered brand can't fend off Volkswagen's fleet of EVs in Europe.

The Independent UK

Another Republican town hall descends into chaos over Musk and Trump’s DEI policies

Donalds is the latest Republican to face confrontational questioning from constituents

Evening Standard

Instagram launches new video creation app Edits to rival TikTok

The announcement comes as TikTok faces an uncertain future in the US because of a looming ban linked to national security concerns.

The Independent UK

George Clooney passes judgment on Elon Musk’s ‘Nazi salute’ controversy

Clooney uses footage of Musk in his new Broadway production of ‘Good Night, and Good Luck’

The Independent UK

Tesla, hammered by protests and plummeting sales, to report 1st quarter performance

Tesla will be releasing first-quarter financial results after the bell with the electric vehicle maker coping with sluggish sales and fallout from its CEO’s prominent role in the Trump administration

Tom’s Hardware

Speculation mounts that Musk will raise tens of billions for AI supercomputer with 1 million GPUs: Report

Elon Musk is reportedly seeking to raise up to tens of billions of dollars for xAI as part of an effort to revalue the company at $150 billion — $200 billion and fund the Colossus 2 supercomputer project with one million GPUs.

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