Tesla profits plummet 71% amid backlash to Musk's role with Trump administration

Key Points

• Tesla's Q1 2025 earnings showed a 71% drop in net income and a 9% decline in revenue.
• Elon Musk attributed some of Tesla's struggles to "rapidly evolving trade policy" and "changing political sentiment."
• Analysts express concerns about near-term uncertainty for Tesla, linking the company's future to Musk's involvement with the White House.