Elon Musk’s decision
Musk announced his decision during a teleconference with investors of the summary Tesla financial results companies in the first quarter. Billionaire He announced that his work as an informal head of a team to fight unnecessary expenses and slim down the bureaucracy is “mostly finished” and announced that from May he would devote work for work for Dog “Perhaps one or two days a week, as long as this work will be useful and as long as the president wants him.”
The billionaire will focus on managing Tesla
Musk announced that he will now focus mainly on management Tesla, who is struggling with growing problems. In the first quarter, the company recorded $ 409 million, i.e. 71 percent Lower profit compared to the same period of last year. The company’s profit was worse than the expected and, as the New York Times records, Tesla would record a loss of over half a billion dollars, if not for her interest revenues from financial resources (including cryptocurrencies) and the sale of coal loans to other companies.
The company’s poor results are the result of, among others violently falling demand for Tesla cars, What is related to both the competition from Chinese electric car manufacturers and the declining image of a company related to the political activity of its owner.
Musk admitted that for this reason a little criticism fell on him, but claimed that activists protesting against his company were “paid”.
Musk: The lower duties are generally a good idea for prosperity
The billionaire also said that He advised the President the lower dutiesbut he said that Tesla is less exposed to their effects, despite the fact that the company’s largest factory is in Shanghai, and Reuters reported to suspend the supply of some parts from China.
“I have said many times that I think that the lower duties are generally a good idea for prosperity. But this decision depends essentially on the selected representative of the people, including the President of the United States. I will still be in favor of lower tariffs, not higher, but that’s all I can do” – he said.
From Washington Oskar Górzyński (PAP)
