Tesla admits Musk’s politics are having a 'meaningful impact' on sales after 71% drop

On automaker Tesla's first quarterly earnings call of 2025, the electric vehicle manufacturer made a stunning admission that public animus toward CEO Elon Musk has directly contributed to its abysmal profits.

The New York Times reported Tuesday that Tesla's first-quarter revenue was just $409 million, which is a 71% decrease from the $1.4 billion the company made in the first three months of 2024. And the company told investors on the call that the significant decrease in sales is partially...