Tesla reported first-quarter earnings that came in far below expectations Tuesday, signaling the real impact of CEO Elon Musk’s political activities of late.
Investors appeared to take heart that the company did not initially report that Musk’s role at the company would be changing.
The company reported $399 million in operating income, a wide miss from estimates for $1.13 billion.
Shares of Tesla were little changed in after-hours trading.
This is a developing story. Check back for updates.
