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Radio Atlantic

Elon Musk's Luck Runs Out

24 Apr 2025

Description

For a while, it seemed as if DOGE Elon and Tesla Elon could exist in the same space-time continuum. One of them carried out Donald Trump’s ruthless cost-cutting mission while the other pitched cars that appealed most to people who were highly likely to oppose that mission, or even rage against it. Then this week came Tesla’s first quarterly earnings report since Elon Musk started his work with DOGE, which showed that the company’s profits were down 71 percent from the same time last year. The Atlantic staff writer Charlie Warzel talks with Patrick George, editor in chief of InsideEVs, about how Musk found himself in this predicament. Further reading: Patrick George on how “Tesla’s Remarkably Bad Quarter Is Even Worse Than It Looks” Get more from your favorite Atlantic voices when you subscribe. You’ll enjoy unlimited access to Pulitzer-winning journalism, from clear-eyed analysis and insight on breaking news to fascinating explorations of our world. Subscribe today at TheAtlantic.com/podsub. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcription

Full Episode

1.896 - 26.501 John Smith

Jeder Läufer kennt diesen Moment, wenn es einfach klickt. Wenn deine Beine einfach mitgehen, der Schmerz nachlässt, die Zweifel weg sind und du nur noch das Runners High spürst. Das ist der Grund, warum du so früh aufstehst. Warum dich ein bisschen Regen nicht aufhält. Warum Laufen zum Ritual wird. Also laufe und fühle das Runners High. Go Wild und erfahre mehr übers Laufen auf puma.de

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36.943 - 59.812 Unknown Speaker

Growing backlash against Elon Musk and his new role in President Trump's Department of Government Efficiency, also known as DOGE. Protesters taking out their anger on the Tesla car and owners were busy all over the country. Tesla, the car company Musk founded and runs, has seen its stock price fall dramatically, as you can see from this chart.

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59.832 - 80.296 Charlie Warzel

The moment of reckoning for Tesla's founder has arrived. The company's earnings report showed that profits dropped 71% since this time last year. On a call with investors this week, Musk announced that he would spend a day or two per week on his Washington business, but that he would mostly turn his attention back to the struggling company.

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81.272 - 88.816 Charlie Warzel

As Patrick George, the editor-in-chief of Inside EVs, wrote in The Atlantic this week, luck runs out.

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88.916 - 106.026 Patrick George

I think he thought he would come in and gut the federal government and be seen as this great crusader. And that everything would have worked out great just the way it always has. He's had all this success before, right? But now people are running away from this company. And that might be the greatest failure of all here.

108.986 - 128.638 Charlie Warzel

I'm Hannah Rosen. This is Radio Atlantic. My colleague Charlie Worzel interviewed Patrick George recently about the tumultuous journey Tesla's been on, from darling of the environmentally conscious to target of tire slashing. And the two of them land on Musk's blind spot, which caused him to miss this coming crash.

128.678 - 130.519 Hannah Rosen

Patrick George, welcome to Radio Atlantic.

130.56 - 134.042 Patrick George

Thank you for joining me. Great to be here, Charlie. Thanks for having me.

134.062 - 137.784 Charlie Warzel

Their conversation explains so well how we got to this moment.

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