Tesla's first-quarter earnings report itself was a disaster, but Musk gave investors some much-needed good news on the conference call.

The company blamed a massive drop in first-quarter profits and revenue on the current political climate and President Trump's tariff fiasco.

The disappointing results come as the company struggles to sell cars to consumers angry over Elon Musk’s leadership of a federal government jobs-cutting group that has divided the country and sparked protests.