Tesla profits fall sharply amid backlash against Musk and his role in Trump administration
Headline from Anchorage Daily News
The disappointing results come as the company has faced angry protests over Elon Musk’s leadership of a federal government jobs-cutting group that has divided the country.
Anchorage Daily News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Tesla's first-quarter profits have slumped by more than two-thirds. The result comes amid a public backlash against Elon Musk over his work for the Trump administration.
The disappointing results come as the company has faced angry protests over Elon Musk’s leadership of a federal government jobs-cutting group that has divided the country.
Tesla reported a sharp drop in revenue and earnings in the first quarter on Tuesday, and warned that the outlook for the rest of this year is uncertain.
Elon Musk’s Tesla saw its net income plunge 71% in the first quarter as the company contended with public backlash from the billionaire’s work with President Trump and tough overseas competition from the likes of BYD.
