Tesla reported a first-quarter earnings miss after Tuesday's closing bell, and MarketWatch broke down the results and followed along the post-earnings call. The miss seemed irrelevant for the stock, which rallied nearly 5% as investors cheered news that Chief Executive Elon Musk is expecting to spend more time at the EV maker and less time on DOGE starting next month.

Tesla reported Q1 revenue of $19.34 billion vs. $21.43 billion (Bloomberg estimate), well below the $21.3 billion reported a year ago. Tesla posted adjusted earnings per share of

Global financial markets have been turned upside down this year by President Donald Trump's burgeoning trade war.

The US stock market experienced its biggest losses since 2020 after former President Donald Trump announced a series of global tariffs. The Dow Jones, Nasdaq, and S&P indexes plummeted, causing widespread concern about the economic ramifications.