Quick overview

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Elon Musk responded to criticism at the Qatar Economic Forum on Monday regarding his involvement in the contentious Department of Government Efficiency (DOGE) and his numerous business endeavors, with a special emphasis on Tesla (TSLA).

 

Tesla has “already turned around,” Musk said in response to questions about the company’s declining first-quarter and April sales in Europe, adding that “Europe is our weakest market” and that Tesla was “strong everywhere else.”.  Musk continued, “Sales numbers are strong, we see no problem with demand.”

Musk disclosed that the market is the best indicator of Tesla’s current business situation, despite declining sales figures to the contrary

“If you want the best inside information, you can just look at the stock price,” he stated. “Stock market analysts have that, and if things weren’t going well, a stock wouldn’t be trading close to all-time highs.

Don’t worry about it; they’re all right. Even though Tesla’s stock has rebounded this year, it is still down 13% year-to-date and 30% from its peak. After rising almost 3% during the day, shares lost steam in afternoon trading, closing up just 0.5 percent.

After his interview in Qatar, Musk verified some intriguing information about Tesla’s impending Austin robotaxi test. Musk confirmed that robotaxi testing will start in Austin at the end of June with just ten EVs on the road and remote tele-operators capable of taking control of the vehicle.