Musk says he will retire from the United States government to spend more time in Tesla
Elon Musk confirmed during a call with analysts on Tuesday that he would devote more than his time To Tesla, your car companyAs of May. Trump Adviser He added that he would only devote “two days a week” to the Government Affairs Department, declaring “his mission in the administration” that was fulfilled. “
Tesla faces global protests after the millionaire contributed to Musk to the Republican Electoral Campaign, especially in the United States for its policies against Dog. It is a living creature that has been created to reduce the weight of the American administration The agencies are closed and the chapter From the public sector. The company headquartered in Austin, Texas, registered a 71 % decrease in its benefits and 9 % in their income During the first quarter.
After the announcement, investors have caused Tesla’s shares to rise in operations after the closure of a Tuesday session in the United States, though Technology accumulates 40 % losses so far this year.
Tesla restores her adherence to independent cars
The company once again confirmed that it hopes to launch a cheaper version of the best sales vehicle, its model, and in the first half of this year. He also clung to his expectations that he can launch a Robotaxi service without driver In Austin in June and has a lot of her fleet, he works for himself next year.
Musk said at a telephone conference after announcing the results: “Can you go to sleep in our cars and wake up in your destination? I’m sure this will be available in many American cities at the end of this year. “
“A look from a distance”, said. “The system is not strong enough to work without supervision. He still makes many mistakes that cause accidents“, He said.
Planned publishing for robotics occurs without the steering wheel or pedals when Federal organizers still have open investigations About if the technology has no driver in which Tesla works is completely safe. The research focuses on drivers’ drivers when they stop paying attention to the road when confidence in the automated pilot. Likewise, independent leadership is subject to its relationship to accidents In low vision conditionsAs when there is a solar glow.
The growing Chinese competition and definitions
Tesla, who dominated the electric cars, faced the first time a Fierce competition from China. Earl this year, the Chinese electric cars company Byd He announced that he has developed An electrical battery capable of recharge within minutes. The rivals of Tesla Europe began to present new models with advanced technology that make them real alternatives to Tesla, especially after the musk character attracted public opinion. The CEO transferred potential buyers in Europe By publicly supporting the right politicians In the old continent.
Tesla announced on Tuesday Its quarterly benefits decreased from $ 1.4 billion (1.2 billion euros) at 409 million (359.3 euros). This number is very Below are analysts estimates. Tesla’s revenues fell from $ 21.3 billion (18.7 billion euros) to 19300 (17,000 million euros) in that same period, as well as less than expectations. The total margins in Tesla, a measure of the benefits of each dollar of income, decreased from 17.4 % to 16.3 %.
The company said it will be less harmful by the Trump administration tariffs than most American car companies because it manufactures most of its American cars in the country. But it will not be completely easy. Like all companies in the secondary sector, Tesla provides some materials abroad that will now face import taxes. When announcing its results, the company warned that the customs tariff will also affect Energy storage work.
It is also expected China’s retaliation They hurt Tesla. The company was forced earlier this month to stop accepting customer orders from Continental China for two models, s models and Model X. However, it continues to manufacture the model and model 3 for the Chinese market at the Shanghai factory.
The company’s parallel business, consists of Selling organizational credits for other car manufacturers that do not correspond to emissions standardsRouge for the results of the quarter. Tesla achieved $ 595 million (522.9 million euros) to sell credits, compared to 442 (388.4 million euros) a year ago. In addition, it produced 2.2 billion (1.9 billion euros) of cash flow, compared to 242 (212.7 million euros) in the previous year.
According to Leset Goldstein, an almost predictable quarterly results, the quarterly results were. Since sales fall, stocks were drowned. “They are not particularly surprising, as deliveries have been reduced,” he said.
