Tesla's net income plunges 71% as Elon Musk confirms ‘major work' setting up DOGE is done
1. Musk focuses more on Tesla, shares rise 4% in after-hours trading. 2. Tesla's net income fell 71% as revenue dropped 9% to $19.34 billion. 3. Market share in California dropped from 56% to 44% year-over-year. 4. Musk acknowledges organized protests impacting Tesla's operations and sales. 5. Auto revenue plunged 20%, while energy business grew 67%.