Elon Musk says he’s coming back to Tesla, partly stepping away from his high profile and controversial Trump administration role that has been blamed for a plunge in profits and sales at the company.

Tesla reported dismal earnings and warned that politics and Trump's tariff policies would take a toll on the company. Musk said he would advocate for lower tariffs.

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits. Tesla struggled to sell vehicles as it faced angry protests over Musk’s leadership of DOGE,

Tesla reported first-quarter earnings after Tuesday's closing bell. Follow along live as MarketWatch breaks down the expectations and results.

Cathie Wood thinks Tesla stock can rise 10-fold during the next five years. The company is struggling to sell cars at the moment and has no new commercially viable products on the horizon. Investors would be wise to stay away from the stock due to its high price-to-earnings ratio.