Tesla operating profit sinks 66% for Q1 as boycotts against Musk spread

CEO says he will cut back on his DOGE work in Trump administration

20250422N Tesla Musk Reuters Montage

Electric-vehicle maker Tesla is facing boycotts due to the backlash against CEO Elon Musk. (Source photos by Reuters)

YIFAN YU

PALO ALTO, California -- U.S. electric-vehicle maker Tesla on Tuesday reported an operating profit of $399 million for the January-March quarter, down 66% on the year and the lowest in roughly half a decade, as CEO Elon Musk's involvement in the Trump administration turned potential buyers off.

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