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Tesla’s profits slide over 70 percent in the fourth quarter
Tesla says more affordable models are coming.
It’s one week into Elon Musk’s new role as chief cost-cutter for the Trump administration, but today, his side hustle as CEO of Tesla takes center stage with the release of the company’s latest earnings report. Despite the recent arrival of a refreshed Model Y in North America, Tesla’s lineup is increasingly looking a little stale, especially in the company’s most important market of China, where domestic automakers continue to churn out new, cheap technologically impressive EVs. But it also comes as Musk continues to consolidate power within the US government, installing former employees to key positions and overseeing a potentially massive purge of federal workers.
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