Tesla generated $13.97 billion in automotive revenue in the first three months of 2025, marking a drop of nearly 20% from the same quarter last year.

Elon Musk’s far-right turn as the head of the Department of Efficiency has apparently tanked Tesla’s earnings. In a humiliating first-quarter report published Tuesday, Tesla reported that profits had crashed by a whopping 71 percent, falling to a mere $409 million, compared with $1.39 billion from the same quarter last year.

Tesla's sales and stock price have taken a hit this year amid blowback over CEO Elon Musk's role in the Trump administration.