Musk's comments come as Tesla reported profits of $409 million following drop in auto sales that analysts said reflected brand damage.

Tesla CEO Elon Musk announced plans to reduce his involvement in the Trump administration following a significant dip in the company’s profits and revenues. Tesla's performance in the first quarter of 2025 revealed a 20% drop in automotive revenue compared to the same period last year, while profits plummeted by over 70%.

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 profits plunge as analysts blame CEO Elon Musk's high profile ties to US President Donald Trump's administration for hurting the brand's reputation.