Tesla’s income is down so Elon will focus less on Dogecoin

Big changes are happening at Tesla. And it might mean less Elon time for Dogecoin.

Here’s the deal:

Tesla’s earnings took a hit. A pretty big one, actually. Stock down over 40%! Net income? Plummeted 71%. Ouch.

What’s Elon doing about it? Shifting gears, it seems.

DOGE Days Are Numbered?

Musk himself said he’ll be dialing back his involvement with the Department of Government Efficiency (DOGE). That’s the word. He plans to spend only a “day or two per week” on it, starting in May.

Imagine you’re juggling multiple balls. One of them is starting to drop. You gotta focus!

Tesla’s Plan to Bounce Back

But it’s not all doom and gloom! Tesla announced a few things that gave their stock a little boost after hours. Up 5%, to be exact.

Here’s what they’re planning:

• Robotaxi Rollout: Austin, Texas will be the first test city. Expect “10 to 20 vehicles” hitting the streets in June. The goal? Expand to other major cities by year’s end.
• Affordable Models: Good news for budget-conscious buyers! Tesla says they’re on track to start making cheaper models in the first half of the year.
• Supply Chain Savvy: Musk emphasized that Tesla has “localized supply chains in both America, Europe, and China. ” This supposedly puts them in a better spot than the competition.

What Does It All Mean?

Tesla is facing some headwinds. But they’re not sitting still. Robotaxis? Cheaper cars? It sounds like Musk is trying to steer the ship back on course.

Will Dogecoin suffer? Only time will tell. But one thing’s for sure: Elon’s got a lot on his mind right now.