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Erin Burnett OutFront

Musk Reports Tesla Profits Tank 71%; Attacks Trump Tariffs

Erin Burnett OutFront

CNN

News

4.4706 Ratings

🗓️ 23 April 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Tesla profits plunge as Musk rails against Trump’s tariffs. Plus, as chaos in the Pentagon erupts, a look at Pete Hegseth’s strategy. Also, the Trump administration is reportedly coming up with ways to push women to have more babies.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Out front next, the breaking news. Tesla profits plunging tonight. Elon Musk just reporting a 71% plunge in profits. 71% as he rails against Trump's tariffs. In a call going on right now, you will hear him in its own words in a call that Outfront has just obtained. Also breaking new details on Pete Heggs

0:21.6

what he's thinking, his strategy, what he's doing, his chaos is erupting inside the Pentagon

0:27.4

that he is leading. One person telling CNN he's in full paranoia back against the wall mode.

0:32.6

And Trump's baby bonus, the administration reportedly coming up with ways to push women to have more babies, including a perk like $5,000 a kid or even a medal if you have six or more, which is reminiscent

0:44.6

of some odd times in history. Let's go out front. Good evening. I'm Aaron Burnett. Now at front

0:50.8

tonight, the breaking news, Elon Musk's empire shuffering a major blow

0:54.8

tonight with profits plunging more than 70 percent. And Musk just moments ago, and a call that we've

0:59.9

obtained admits this reason as to why. There's been some blowback for the time that I'm

1:07.1

been spending in government with the Department of Government Efficiency or Doge. There are some challenges.

1:12.9

And I expect that this year will be, there'll probably be some unexpected bumps this year.

1:21.9

This is this earnings call that's going on right now from Tesla.

1:25.4

There will be more bumps, he says, because even though Must tonight

1:28.7

said he is keeping his word

1:30.2

and stopping his full-time work

1:31.6

for Trump and Doge next month,

1:32.9

which he is required to do

1:34.2

with his role as a special government employee, right?

1:37.0

So that's what he's already said he was going to do.

1:39.0

The truth is, the headline may not be

1:41.5

that he's stepping aside

1:42.6

as he was saying he was due. It's actually that he is not going anywhere.

1:48.5

I'll continue to spend, you know, a day or two per week on government matters for as long as the president would like me to do so.

...

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