Elon Musk to Step Back from Trump Role | Tesla Stock Spikes Despite Sales Drop & Trade War Woes|N18G

business Elon Musk to Step Back from Trump Role | Tesla Stock Spikes Despite Sales Drop & Trade War Woes|N18G Tesla CEO Elon Musk says he’ll “significantly” reduce his role in the Trump administration to focus more on Tesla—sending the stock up over 5.5% in after-hours trading. But the EV giant faces big challenges: declining U.

S. sales, rising tariffs, and protests linked to Musk’s political involvement. Tesla beat low profitability expectations and reaffirmed its cheaper car plans for 2025, but paused China imports and is struggling against Chinese EV rivals.



Here's a deep dive into Tesla’s wild earnings day, trade war fallout, and what’s next for Musk’s electric empire. first published: Apr 23, 2025 11:01 am.