Tesla CEO Elon Musk announced on April 22 that he intends to significantly curtail his involvement with the Trump administration in May, redirecting his focus to Tesla. The company's net revenue for the first quarter experienced a steep decline of 71% compared to the same period last year. Musk emphasized that Tesla possesses the resilience to manage the tariff decisions imposed by the Trump administration, yet acknowledged that enterprises operating on thin margins would encounter challenges. He expressed support for tariff reductions and pledged to persist in advocating for lower tariffs.