Tesla profits plunge as Trump’s trade war and Musk alliance cloud its future

News Snapshot:

CNN — Tesla revenue and earnings plunged in the first quarter and it warned that the escalating trade war muddied the company’s outlook for the rest of this year. This comes as analysts blame CEO Elon Musk’s high profile ties to President Donald Trump’s administration for hurting the brand’s reputation. But Musk defended his work with the Department of Government Efficiency (DOGE), saying that it was necessary to cut back on “waste and fraud.” But he also revealed that he would scale back his efforts at DOGE to a day or two a week starting sometime in May. And he...