I'll continue to advocate for lower tariffs rather than higher tariffs, but that's all I can do,” Musk said about Trump’s tariffs.

Tesla's first-quarter earnings report itself was a disaster, but Musk gave investors some much-needed good news on the conference call.

Tesla’s (TSLA) profit in the first quarter of 2025 plunged a stunning 71 percent, as sales dropped 9 percent from the year-ago period. Despite the sales decline — and the possibility of more to come — the electric vehicle maker’s stock actually rose after the report,