Elon Musk to Step Back from Trump Administration to Focus on Tesla Amid Challenges

Musk Prioritizes Tesla as Company Faces First-Quarter Struggles

Elon Musk, CEO of Tesla, is reportedly planning to distance himself from the Trump administration starting in May. The move comes as the electric vehicle giant seeks to recover from a challenging first quarter, partly attributed to Musk’s close ties with the government.

Growing Competition from China

Meanwhile, Tesla is also grappling with rising competition in the Chinese market, where the world’s largest auto show recently kicked off in Shanghai. The event highlights the increasing dominance of local and international EV manufacturers in China, posing new hurdles for Tesla’s expansion plans.

Source: France 24