Tesla profit slumps 71 per cent amid boycotts and vandalism of vehicles | ABC NEWS
Tesla has recorded a quarterly earnings hit of 71 per cent amid falling sales, boycotts and vandalism of the company’s products. CEO Elon Musk subsequently announced he would be cutting back his involvement in the Trump administration’s DOGE duties. Equity analyst Dan Ives says the EV manufacturer sustained significant brand damage from its executive’s association with the US president.
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