Elon Musk, CEO of Tesla, wears a Trump with everything! Hut when he, the US trade representative Jamieson Greer and the director of the Central Intelligence Agency, John Ratcliffe, visit a cabinet meeting in the White House in Washington, DC, USA, March 24, 2025.
Carlos Barria | Reuters
In his earnings report in the first quarter on Tuesday, Tesla reported a failure in the upper and lower borders when the sales of automobiles decreased by 20% compared to the previous year.
Here are the key numbers compared to LSEG expectations.
- Win each share: 27 cents adjusted compared to 39 cents
- revenue: $ 19.34 billion compared to USD 21.11 billion
The total turnover fell by 9% of $ 21.3 billion in the previous year. The automotive system's sales fell from $ 17.4 billion in the same period of the previous year by 20% to $ 14 billion.
Tesla said one reason for the decline was the need to update lines in its four vehicle factories in order to create an updated version of its popular model Y SUV. The company also pointed out that the average sales prices and incentives for sales lower as sales and profit level.
The net income rose from 1.39 billion US dollars or 41 cents in the previous year by 71% to $ 409 million or 12 cents per share.
It was a brutal start to the year for Tesla when CEO Elon Musk spend a large part of his time in the White House of President Donald Trump and supervises the efforts to dramatically reduce the federal government. The President's plan has stated that the costs for parts and materials for the production of electric vehicles, including manufacturing equipment, are increased. Automobile glass, pressure circuit boards and battery cells.
So far, the Tesla shares have dropped by 41% in 2025 and suffered their worst quarterly decline since 2022 in the period that ended in March. The stock was hardly changed on Tuesday in extended trade.
The company failed to grow in promising growth this year and said that “our instructions from 2025 will visit our Q2 update again”.
In his shareholder -deck, Tesla warned the investors that “uncertainty on the automotive and energy markets continues to increase, since the rapidly developing trading policy adversely affects the global supply chain and the cost structure of Tesla and our colleagues”. The company said that this “dynamic” and “changing political mood” could affect the demand for its products at short notice.
Tesla has widespread protests in the USA and Europe, where Musk actively supported the right-wing extremist AfD party in Germany. At the beginning of this month, the company reported a decline in deliveries in the first quarter in the first quarter from one previous year to 336,681.
Tesla has difficulty keeping up with lower competitors in China, and is a successor to the Robotaxi market, which is currently being dominated by Alphabet's Waymo in the USA. The company promised to start a driverless driver's offer in Austin, Texas, in Austin, Texas.
The company reassured the investors on Tuesday that at that time it was on the right track for a “pilot start” in Austin and this year in Fremont, California, to build its humanoid robots on a pilot production line.
The operating result in the quarter fell by 66% to $ $ 1.17 billion in the previous year, which led to an operational margin of 2.1%. The company named an increase in expenses associated with artificial intelligence projects as a factor in a decline.
The company would have lost money for sales of automotive sales without environmental authorities in the quarter. The sales from the credits that Tesla receive for the sale of fully electric vehicles rose from $ 432 million in the previous year to $ 595 million.
Energy generation and storage sales rose by 67% to 2.73 billion US dollars of 1.64 billion US dollars a year ago. The company said that the growth of the AI infrastructure is “an oversized opportunity for our energy storage products to stabilize the network, to change energy if it is most needed and to provide additional power capacity”.
Tesla uses foreign suppliers for his energy business. The company said “rising tariffs can cause market volatility and short -term effects on supply and demand.”
Tesla's call with analysts is scheduled to start at 5:30 p.m.
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