Tesla revenue and profits plunge as trade war clouds company’s future

Tesla reported a sharp drop in revenue and earnings in the first quarter on Tuesday, and warned that the outlook for the rest of this year is uncertain. While Tesla is less exposed to tariffs than most other automakers, it said it would have to revisit its guidance because of current trade disputes. “It is difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains, our cost structure and demand for durable goods and related services,” the company said.

This is a developing story. It will be updated..