Tesla revenue plummets amid trade war

(CNN, KYMA/KECY) - Tesla's revenue and earnings dropped in the first quarter. The company reported its revenue fell 9%, with auto revenue falling 20%.

Both drops were bigger than expected, and Tesla warned the outlook for the rest of the year is uncertain.

Tesla is less exposed to tariffs than most other automakers, but the company said it would have to revisit its guidance because of current trade disputes.

So far this year, Tesla has dropped in market value.

The more than 40% decline in company stock comes amid backlash against Elon Musk's role as head of the Department of Government Efficiency.

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