Here is the result in plain text:
Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appear to be diverting his attention from Tesla at a perilous moment for the electric car company.
Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed that underperformance, and he has offered no concrete plan to revive sales. He has also provided no details about a more affordable model Tesla says it will start producing this year.
And he has spent much of his time since the election in Washington and at Mr. Trump’s home in Florida – far from Austin, Texas, where Tesla has its corporate headquarters and a factory, or the San Francisco Bay Area, where it has a factory and engineering offices.
But now, he seems to have lost interest in the grinding business of developing, producing and selling cars, investors and analysts say. That could have serious ramifications for his company and the auto industry, which employs millions of people worldwide.
Even before he joined the Trump administration as the head of the Department of Government Efficiency, Mr. Musk’s running multiple companies had led investors and corporate governance experts to wonder whether he was spread too thin.
Few, if any, executives have ever had such an array of responsibilities, said Eric Talley, a Columbia Law School professor who focuses on corporate governance. And while some of Mr. Musk’s businesses stand to benefit from his ties to the president, it is virtually impossible for Mr. Musk’s commercial and political interests not to collide in ways that could hurt Tesla and his other companies.
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