The Wall Street Journal

Tesla Has a Deep Hole to Pull Out Of

Elon Musk promises more attention on EV maker, but brand damage from his political activities won’t be easy to repair

Tesla reported one of its worst quarters in recent memory.
Tesla reported one of its worst quarters in recent memory. Photo: Noah Berger/AP

Tesla’s famously busy boss will be devoting a lot more time to the electric-vehicle maker soon. It’s unclear whether that will be a good thing.

Elon Musk said on Tesla’s first-quarter earnings call on Tuesday that he would be allocating more time to Tesla starting next month “now that the major work of establishing the Department of Government Efficiency is done.” The comments came after the company reported one of its worst quarters in recent memory, with revenue seeing its biggest year-over-year slide in 13 years and operating income coming in about 65% below Wall Street’s estimates.

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