Musk vows to spend more time on Telsa after net income falls 71%

Tesla CEO Elon Musk says he will be dedicating more time to the electric vehicle company starting from next month, after the firm published disappointing first-quarter results. The US carmaker has suffered from political blowback because of Musk’s involvement with the Trump administration, as well as intense competition globally. Also in this edition, the International Monetary Fund slashes its global growth forecast because of Trump’s trade war.