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Tesla's Q1 slump sees Musk shifting focus, but challenges loom for company

Business Standard LogoBusiness Standard15h ago

Tesla's Q1 slump sees Musk shifting focus, but challenges loom for company - Business Standard

Quick Summary:

The bigger factor lifting spirits was that, having defended the Department of Government Efficiency’s role in saving the country, Musk then explained he would nonetheless be stepping back a bit from this important work next month.

That’s a stretch, though, when Tesla’s stock, despite sliding this year, still trades at 85 times forward earnings.

In fact, strip out those credits, along with interest earned on Tesla’s bank balance and “other” items like crypto marks, and underlying operations actually flipped to a loss.

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 10:09:39 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 849 words

Reading Time: 5 minutes read

Sentences: 40 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28164447

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 259 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/teslas-q1-slump-sees-musk-17453837538953

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