Elon Musk's
affiliation with President Donald Trump has led to
huge first-quarter profit loss for his electric vehicle company, Tesla, according to The Wall Street Journal.
Elon Musk's affiliation with President Donald Trump has led to huge first-quarter profit loss for his electric vehicle company, Tesla, according to The Wall Street Journal.The Journal reported that Tesla's "net income slid 71% in the first quarter, as the company struggled to overcome...
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The Journal reported that Tesla's "
net income slid 71% in the first quarter, as the company struggled to overcome competitive pressure overseas and a reputational hit from Chief Executive Elon Musk’s polarizing role in the Trump administration."
In addition, the company reported "
adjusted earnings-per-share of 27 cents, which missed analysts’ expectations of 41 cents."
A net loss of 71% is difficult to accept. Earnings on stock per-share is at 27-Cents. Across the board, Musk is killing his brand. As I was getting off a bus on Van Ness and O'Farrell Streets there was large anti-Musk at the Tesla Dealership. I got off the 38-Geary Bus and show the demonstrators my "
Fuck Trump", t-shirt. One woman hugged and handed a bottle of water. I thank her for her good work. When I found the name of organization that staged the demonstration and donated
$25.00.