Elon Musk Company Profits PLUNGE As Tesla Report Reveals Massive Issue

Описание: Elon Musk pulls a desperate shift in his company as Tesla's annual profits plummet to the lowest level in years following his involvement in politics and insane activities. John Iadarola breaks it down on The Damage Report. Leave a comment with your thoughts below!

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Tesla annual profit plunges to lowest level since pandemic. - https://abcnews.go.com/US/wireStory/t...

"NEW YORK -- Tesla’s annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world’s biggest electric vehicle maker to a Chinese rival and boycotts hammered sales.

The EV company run by Elon Musk reported Wednesday that net income last year dropped 46% to $3.8 billion. It was the second year in a row of steep declines. The drop came despite the introduction of cheaper models and Musk's promise to remain laser-focused on the company after a foray into U.S politics.

Still, Tesla investors have kept the faith in Musk. The stock is up 9% in the past year.

Musk has been urging investors to focus less on car sales and more on what he considers a bright new future of robotaxis ferrying millions in cars without drivers, or even steering wheels, and robots watering plants and taking care of elderly parents."

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