Tesla boss Elon Musk has pledged to "significantly" cut back his role in the US government after the electric car firm reported a huge drop in profit and sales for the start of this year. Musk has led the newly created advisory body - the Department for Government Efficiency (Doge) - since last year,

Tesla shares rose 6.5% in Frankfurt on Wednesday, after it reported profitability for its core auto business topped rock-bottom expectations in the first quarter, although it missed on other metrics such as revenue and net profit.