What Elon Musk said on Trump Tariffs in Tesla earnings call

Tesla CEO Elon Musk is set to lobby the US President Donald Trump’s administration to reduce its tariff regime. The tech billionaire made this announcement during the company’s recent earnings call on April 22. Despite assembling vehicles in the US, Tesla imports parts from other countries, making it vulnerable to tariffs. The announcement was made alongside the release of Tesla’s quarterly earnings. The earnings report showed a 15% year-over-year drop in gross profit. The electric car maker’s automotive revenue fell 20% year-over-year, while its net income decreased by 71% year-over-year, the company noted at the earnings call.

What Musk said about Trump tariffs at Tesla’s earnings call