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Musk to reduce Doge role after Tesla profits plunge

The company warned that "changing political sentiment" could hurt its sales.

Tesla boss Elon Musk said he will cut back his role in the Trump administration as the company's latest profits and revenues showed a plunge during the beginning of the year. Dan Coatsworth, investment analyst at AJ Bell, called expectations "rock-bottom" after the company said earlier this month that the number of cars sold in the quarter fell 13%, to the lowest level in three years. The firm faces fierce competition, Mr Coatsworth said, warning that potential disruption to global supply chains as a result of Trump's trade war also creates risks.

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