President Donald Trump’s punitive tariffs provoked Beijing into demonstrating one of its key points of leverage.

"Without having to do anything, Beijing already seems to have the upper hand here," said CNN Beijing bureau chief Seven Jiang.

I'll continue to advocate for lower tariffs rather than higher tariffs, but that's all I can do,” Musk said about Trump’s tariffs.

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.