Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment

Tesla's financial struggles continue to worsen, with a 71% decline in net income to $409 million. The company, which delivered nearly 337,000 electric vehicles in the first quarter, faces challenges from zero-emission tax credits and a trade war impacting demand. Despite these hurdles, Tesla remains focused on producing affordable models using an updated platform while exploring cost-competitive electric vehicles, though production delays and political backlash have hurt its reputation.