Tesla Profit Crashed by 71% in First Quarter of 2025

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Summary

Tesla Profits Drop 71% Amid Backlash to Elon Musk’s Role Under Trump

Tesla said Tuesday that its profits fell 71 percent in the first three months of the year, which could increase the pressure on Elon Musk, the automaker’s chief executive, to curtail his work for President Trump and spend more time managing the company. The company said it earned $409 million, down from $1.4 billion in the first quarter of 2024. The company had previously reported net profit of $1.1 billion last year, but revised the figure to reflect changes in the way cryptocurrency assets are valued.

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New York Times

Tesla profit slumps 39% as EV sales dry up and tariff worries loom

Mr Musk has come under investor pressure to address his absence from Tesla as well as the perceived brand damage from his close relationship with US president Donald Trump and his controversial role as head of the so-called Department of Government Efficiency (Doge).

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Irish Times

Tesla car crash as both sales and profits tumble amid fears Trump's tariff war will hit demand

It comes after demand for Tesla’s vehicles tanked amid the controversy surrounding Tesla chief exec Musk, a close ally of the US president.

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Daily Mail

Western Razor Co.

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News Results

Tesla stock has plunged 40%. Will earnings do damage control?

Tesla (TSLA) is set to report its first-quarter 2025 earnings after the bell today. Analysts expect revenue of $21.54 billion, up just 1% from a year ago. Earnings per share are projected at $0.42, a 6% drop year-over-year.

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38m ago

Tesla's Earnings Are Even More Brutal Than We Expected

Tesla's first-quarter revenue down 9 percent from last year. Sales of the electric car maker's cars have fallen by 20 percent. The company has been hit by a series of high-profile incidents, including the murder of Elon Musk's brother. The Tesla brand has been in the news for a number of reasons, including its use of solar panels.

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40m ago

Tesla’s first-quarter gross margin beats estimates

Total gross margin stood at 16.3% in the first quarter, compared with analysts’ expectations of 15.82%. This marks a decline from 17.4% a year earlier. Deliveries in the January-March period slid 13%, as the company lost ground to Chinese rivals.

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40m ago

Tesla Misses Across The Board; Slams "Uncertainty" In Automotive Market, But Affirms Affordable Model "Remains On Track" For H1 2025

Tesla's stock is down -53% from it’s December highs (-40% YTD) Given all the negative press of late (including ‘code red’ headlines yesterday) leave Goldman thinking that positioning and expectations are very low at this point. “I expect $TSLA to be ugly tonight (11-12% auto gross margins ex credits, down from 13.6% in December) — and it probably doesn’t matter,” says Gene Munster, managing partner at Deepwater Securities.

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41m ago

Tesla revenue and profits plunge as trade war clouds company’s future

Tesla reported a sharp drop in revenue and earnings in the first quarter. The company warned that the outlook for the rest of this year is uncertain. Analysts lay much of the blame on CEO Elon Musk’s controversial role in the Trump administration. But shares were only marginally lower on the report and uncertain guidance.

MIDDLE

41m ago

Tesla earnings show plunging revenue as Elon Musk's EV maker warns of hits from Trump's tariffs

Tesla's first-quarter earnings are out, and they're not looking good for the automaker. The company's net income sank 71%, and its earnings are a double miss in both earnings-per-share and revenue. Total auto revenue fell 20% year-over-year during the period.

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41m ago

Tesla’s revenue and profits tank amid political chaos

Tesla said it earned $409 million in net income on $19.3 billion in revenue. That’s below Wall Street expectations of $21.1 billion and represents a 9.4 percent decrease year over year. The company's profits also slid dramatically, logging a 71 decrease in net Income for the first quarter.

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2h ago

Pressure Mounts on Elon Musk To Step Back From Politics as Tesla Reports Steep Drop in Quarterly Profits

The electric carmaker misses analysts’ expectations, signaling ongoing struggles for the industry leader.

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40m ago

Musk Says He'll Dedicate More Time To Tesla As Company Sees Big Drop In Q1 Profit

Elon Musk says he’ll dedicate more time to Tesla starting in May. The company has faced a backlash faced angry protests over Musk’s leadership of a federal government jobs-cutting group.Tesla’ stock has fallen more than 40% this year but rose slightly in after-hours trading.

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17m ago

Tesla short-sellers are feasting on the stock plunge

Short sellers have made an estimated $11.5 billion in profits so far this year. Tesla’s stock has plunged 40% year-to-date, impacted by falling deliveries, fierce competition from Chinese EV giants like BYD and political headwinds. Short interest has climbed 15% as a result.

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3h ago

Tesla Reveals Musk Has Plunged it Into Financial Catastrophe

Tesla sales fell to 1.7 million in the first quarter of 2025, down from 1.8 million in 2014. The company's profits fell to $409 million from $1.4 billion in the same period the year before. Tesla's CEO, Elon Musk, has been accused of using the company to promote his political views.

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1h ago

Robotaxis, Margins And Musk's Moonlighting: Tesla Q1 Earnings And "Company Update" Preview

Tesla has set its Q1 2025 earnings call for today at 5:30PM eastern time. The event will be livestreamed, with a recording available later on Tesla’s website. The Q1 Update Letter will be released after markets close that same day. Speculation is growing that Tesla may use the update to reveal more about its upcoming projects.

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6h ago