The carmaker reported the sharp decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.

Elon Musk says he'll dedicate more time to running Tesla starting in May after the company reported a big drop in first-quarter profit.

Tesla sales have been slumping because of intense competition from Chinese carmakers like BYD, a lack of new models and Musk’s support of far-right causes, which has turned off some liberals and centrists from buying Tesla vehicles.