Tesla’s CEO, Elon Musk, uses a “Trump was fine in everything!” Hat, like him, the US trade representative Jamieson Greer and the director of the Central Intelligence Agency John Ratcliffe attend a cabinet meeting at the White House, in Washington, DC, USA UU., March 24, 2025.
Carlos Barria | Reuters
Tesla reported a fault at the top and lower part in its first quarter profit report on Tuesday as 20% automotive income lunch compared to the previous year.
These are the key numbers compared to LSE’s expectations.
- Profit per action: 27 tight cents against 39 estimated cents
- Revenue: $ 19.34 billion compared to $ 21.11 billion estimated
Total income fell 9% of $ 21.3 billion the previous year. Automotive income fell 20% to $ 14 billion of $ 17.4 billion in the same period last year.
Tesla said that a reason for the decrease was the need to update the lines in its four vehicle factories to start making a renewed version of its popular SUV model Y. The company also indicated the lowest average sales prices and sales incentives as a ballast of income and profits.
The net income collapsed from 71% to $ 409 million, or 12 cents per share, of $ 1.39 billion or 41 cents a year.
It is a brutal beginning for the year for Tesla, with the CEO Elon Musk spending much of his time in the White House of President Donald Trump, supervising an effort to drastically reduce the federal government. The president’s tariff plan has led to groups that costs will increase for crucial parts and materials for the production of electric vehicles, including manufacturing equipment, including manufacturing equipment, Automotive glass, printed circuit plates and battery cells.
Tesla refrained from a promising growth this year and said that “he will visit our 2025 guide in our second quarter update.”
Tesla’s shares have dropped 41% so far in 2025, and suffered their worst quarterly fall since 2022 in the period ending in March. Initially, the action changed little in the trade extended on Tuesday, but then almost 5% appeared after President Trump said he has no plans to fire the president of the Federal Reserve, Jerome Powell.
In its shareholders deck, Tesla warned investors that “uncertainty in automotive and energy markets continues to increase as a commercial policy that quickly evolves impacts the global supply chain and the Tesla cost structure and our colleagues.” The company said that this “dynamic” and the “changing political feeling” could have a significant short -term impact on the demand of its products.
Tesla has faced generalized protests in the United States and Europe, where Musk has actively supported the extreme right of Germany. Earlier this month, the company reported a 13% decrease in deliveries of the first quarter from the previous year to 336,681.
Tesla has been struggling to maintain the pace of lower cost competitors in China, and is a lag in the Robotaxi market, which is currently dominated in the US. UU. By Alphabet’s Waymo. The company has promised to launch its first transport offering offer in Austin, Texas, in June.
The company assured the investors on Tuesday on the way to a “pilot launch” in Austin at that time, and to start building their humanoid robots in a pilot production line in Fremont, California, this year.
Operational income in the quarter fell 66% to $ 400 million of $ 1.17 billion the previous year, which resulted in an operational margin of 2.1%. The company gave an increase in expenses related to artificial intelligence projects such as a factor in decrease.
The company would have money in automotive sales without environmental regulatory credits duration of the quarter. The revenues of the credits, which Tesla receives for selling fully electric vehicles, increased to $ 595 million of $ 432 million in the same quarter last year.
Energy generation and storage income increased 67% in the quarter to $ 2.73 billion of $ 1.64 billion a year ago. The company said that the growth in AI infrastructure is “to create a huge opportunity for our energy storage products to stabilize the network, change energy when more needed and provide additional energy capacity.”
Tesla is based on foreign suppliers for your energy business. The company said that “the increase in tariffs can cause market volatility and short -term impacts on supply and demand.”
Duration a call with analysts after hours on Tuesday, Musk said that Tesla is the “less affected car company with respect to tariffs”, but personally favors “predictable tariff structures”, as well as “free trade and lower rates.”
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