Tesla’s sales figures have placed the company closer to red than it was in years, according to financial results released on Tuesday, threatening one of its biggest advantages to other EV players.
Automaker Electric reported $ 409 million net income in revenue of $ 19.3 billion after giving nearly 337,000 EV in the first quarter of the year.
The company’s net income reflects a 71% decrease from the same quarter of last year. It was the worst trimester for Tesla submissions in more than two years and came to the heels of the company’s first decline from year to year on sale. Tesla’s revenue was owned by selling $ 595 million to zero emissions tax, according to its profits, would have posted a loss.
Tesla also warned shareholders how the trade war can affect her business by moving forward. The company said President Trump’s tariffs and “changing political sentiment” can have a “significant impact on the demand for our products”.
The company noted that the current tariffs, most of which are headed to China, will have “a relatively greater impact on our energy business than automobiles”. Tesla said she is taking action to stabilize the business in the medium and long term and focus on maintaining her health, but also warned investors that he could not say if she would be able to increase sale this year.
Tesla is adhering to her ambitious (but mysterious) plans about making the most affordable models, stating that it remains on the right track to start producing these vehicles in the first half of 2025. shareholders. As such, these cheaper vehicles will be manufactured in the same manufacturing lines as the current vehicle formation, the company said.
This flies in the face of a report of Reuters from last week that claimed that the first of these new evils is delayed for months.
Tesla sales are raised against a number of heads.
The company’s ev lining is aging (though sedan and SUVs have now taken all faces) and its newest product, Cybertruck, is nowhere near the hit that Ceo Elon Musk thought it could be. And Musk’s far -right politics, along with its involvement in the Trump administration, have created a considerable reaction to the Tesla brand.
At the same time, Musk has directed the company to its robotaxi and optimus robot projects.
He has promised to launch an initial version of the Robotaxi Service in Austin this June, with other cities that potentially come by the end of this year, but it has been light in detail about how it will work.
Musk has not yet demonstrated that Teslas are capable of traveling themselves without human interference, despite the years of making this promise. Moreover, the information recently reported that an internal analysis made in Tesla showed that the Robotaxi program would lose money for a long period of time even if it worked.
At this time last year, Tesla was being caught with some gloomy numbers. If you have forgotten, the company’s profits fell 55% to $ 1.13 billion in the first quarter of 2024 from the same period in 2023.
Tesla tried to return that profit ship, but faced constant pressure. In Q2 of 2024, Tesla reported $ 1.5 billion profit, dropping 45% from the same period in 2023. Profits were hit by a $ 622 million restructuring fee. Although it is worth noting, that profit was filled with a record $ 890 million in loan regulatory sale.
