Tesla revenue and earnings plunged in the first quarter and it warned that the escalating trade war muddied the company’s outlook for the rest of this year. This comes as analysts blame CEO Elon Musk’s high profile ties to President Donald Trump’s administration for hurting the brand’s reputation.

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.

Tesla's profits and automotive revenues plunged at the beginning of the year, as sales slumped and the brand faced backlash against boss Elon Musk's political activities. The company warned investors that the pain might continue, saying "changing political sentiment" could meaningfully hurt demand in the near-term.