Tesla reported disappointing first-quarter earnings, falling short of Wall Street expectations by approximately $2 billion, attributed to declining sales and uncertainties in the automotive sector. In response, CEO Elon Musk announced he would decrease his role with the White House DOGE office to concentrate on Tesla operations. Additionally, Musk shared updates on the rollout of Tesla's long-awaited robotaxi service, set to launch in Austin with a limited fleet, and provided insights into a new budget-friendly model aimed at expanding the company's market reach.
Tesla reported lower-than-expected earnings, missing revenue targets, while Elon Musk announced he would step back from DOGE to focus more on Tesla.
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