Tesla’s profits plunged by 71% in Q1 2025. Can Elon Musk turn it around?

Tesla faces a significant challenge as profits plummet by 71% due to backlash against Elon Musk’s political involvement and support for controversial figures. European sales have sharply declined, triggering protests and brand damage. Despite competition from BYD and other manufacturers, Musk plans to refocus on Tesla, promising autonomous driving advancements and increased attention to the company.