As Tesla profits plunge 71%, Elon Musk says he'll spend less time on DOGE

Tesla is navigating significant financial challenges amid a 20% drop in vehicle sales, causing profits to plummet by 71%. CEO Elon Musk has shifted focus away from government relations while prioritizing ethical practices to combat fraud and wastefulness. Protests organized by "Tesla Takedown" highlight concerns over unpaid volunteers and Musk's recent move towards DOGE coin use, sparking criticism about potential inefficiencies. Despite these hurdles, Tesla remains a key player in U.S. EV sales, maintaining resilience as investors remain cautiously optimistic following the CEO's remarks.