This .... Musk to reduce time in WH role Tesla CEO Elon Musk said Tuesday he will pull back from his role as a White House adviser, after the electric vehicle company posted a 39% decline in profit. Musk said his time working with the “Department of Government Efficiency” will drop starting next month. Consumers globally have soured on Musk’s politics and proximity to US President Donald Trump; the company acknowledged Tuesday that “changing political sentiment” hurt demand, and Musk had come under pressure from investors to return his attention to Tesla. Still, with the lower-than-expected revenue figures, Tesla could suffer a “throwaway year,” one analyst warned. The company also said it would revisit its growth outlook, citing “shifting global trade policy.”
While there is also this other SEMAFOR story: Tesla ‘killers’ debuting in Shanghai Maja Smiejkowska/Reuters Dozens of major Chinese car brands will show off their latest models beginning Wednesday at the Shanghai Auto Show, an event that will likely reflect the growing dominance of the country’s electric vehicles and hybrids. This year’s edition comesunder the backdrop of the US-China trade war and intensifying domestic competition. About a dozen of the models debuting in Shanghai are priced to compete with Tesla’s Model Y, heaping pressure on the US EV maker in the Chinese market: One analyst dubbed them Tesla “killers.” Other Western brands, though, are plotting a comeback, with Volkswagen, Toyota, BMW, and Mercedes-Benz shifting to an “in China for China” strategy, developing new models with local teams.