Tesla sees massive profit loss amid nationwide backlash to Elon Musk

Elon Musk's affiliation with President Donald Trump has led to huge first-quarter profit loss for his electric vehicle company, Tesla, according to The Wall Street Journal.

The Journal reported that Tesla's "net income slid 71% in the first quarter, as the company struggled to overcome competitive pressure overseas and a reputational hit from Chief Executive Elon Musk’s polarizing role in the Trump administration."

In addition, the company reported "adjusted earnings-per-share of 27 cents...