Tesla's results were not electrifying. I'm David Brancaccio in Los Angeles. It was a downbeat,

Elon Musk, explaining crummy quarterly results for his electric car company Tesla. Musk told his

investors he'll be spending less time dozing and more time doing his private sector work. Tesla's

stock is up 6.5% in pre-market trading right now.

Marketplace with Nova Safo is here with more.

Yeah, no way of sugar-coding the actual numbers, David.

Tesla's first quarter results were quite bad, which is unsurprising,

considering the blowback and protests at Tesla dealerships over Elon Musk's cost-cutting work at the Trump administration,

Tesla's auto sales were down 20%, profits were down a whopping 70%.

And what's moving markets this morning is that Elon Musk, in an analyst call,

promised that starting sometime next month, he will spend just a day or two per week working

with the Trump administration and more of his time will be dedicated to Tesla.

Now, topic one in the car and truck business, import taxes, tariffs. He addressed that.

Yes, he did. And he said in the past that he expects Tesla to be less exposed to tariffs and

the disruptions that they would cause. but the company acknowledged yesterday that they would

still take a hit, and on the call at one point, Musk, unprompted, took a pause, then sighed,

and then he said this.

The tariff decision is entirely up to the president of the United States.

I will weigh in with my advice with the President, which he will listen to my advice, but then it's up to him, of course, to make his decision.

I've been on the record many times as saying that I believe lower tariffs are generally a good idea.

And in that message, Elon Musk is in agreement with much of Detroit's auto industry,

which sent a joint letter to the Trump administration this week,

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