Tech billionaire Elon Musk's Tesla Motors posted its long-anticipated earnings report — and it painted a dire picture of the company, with net revenue plunging by three-quarters. Experts attributed a large part of the drop to people simply rejecting the brand,

Tesla sales have been slumping because of intense competition from Chinese carmakers like BYD, a lack of new models and Musk’s support of far-right causes, which has turned off some liberals and centrists from buying Tesla vehicles.

The carmaker reported the sharp decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.