During an April 22 earnings call for Tesla, Elon Musk announced that he would reduce his hours with DOGE, starting next month, to focus on his role as Tesla's CEO. This announcement came a week after the White House press secretary fired back at claims on X, formerly Twitter, that Musk was leaving his position in the coming weeks.

Even the perma-bull crowd of analysts covering Tesla warned of sorely disappointing results in Q1, a view signaled by the poor deliveries for the quarter reported in early April. But the numbers released after the market close on April 22 were much,

Tesla reported a 71% drop in year-over-year profits on Tuesday, bringing in net income of $409 million for January to March. The company had a $595 million zero-emissions tax credit that helped the company continue to make a profit.