Tesla’s Flame -rising sales data According to, the company has placed closer to the red compared to the years Financial results Released on Tuesday, threatening its biggest benefits over the other EV players.
After providing nearly 3337,000 EVs in the first quarter of the year, the electric car maker reported $ 409 million to $ 409 million at $ 19.3 billion. The company’s net income reflects a 71 % reduction from the same quarter last year.
It was the worst quarter to supply Tesla for more than two years and came to the company’s first time heels Year -by -year reduction in sales. According to his revenue report, his income report was built by selling $ 595 million in zero emission tax credit to Tesla’s income.
And yet, hours trade after Tesla stocks increased when investors put more weight on plans to start production of the company on an affordable EV in June, and during a call by CEO Elon Musk, he said he would focus more on Tesla with its official performance. Musk did not pledge to completely eliminate his Dodge work, though noting He can continue In the rest of the second term of President Donald Trump, in some capacity.
Takkarch Posted a round of other comments Tesla’s income during the call, covering revenue, robotics, AI, and EV.
Tesla also warned the shareholders how the trade war could affect its business. The company said that President Trump’s prices and “changing political sentiment” “can have a meaningful impact on the demand for our products.”
The company noted the current prices, most of which are directed in China, “which will have a relatively more impact on our energy business than automotive.” Tesla said she was taking steps to focus on stabilizing the business and maintaining her health, but she also warned investors that she could not say whether she would be able to increase sales this year.
Tesla is set on its own sophisticated (but mysterious) projects around creating a cheaper model, pointing out that it is on track to start the manufacture of these vehicles in the first half of 2025. During the income call, the musk was more specific, its production will begin in June.
The company said in its letter to its shareholders, these vehicles will use aspects of the next generation platform that strengthens robotics, but will rely on Model Wi and Model 3. Similarly, these cheap vehicles will be manufactured on the same manufacturing lines, such as the current vehicle lineup, the company said.
It flies before a Reuters report last week claiming that the first of them is in EV Delayed by months..
Tesla’s sales are against several head winds.
The company’s EV line -up is old (though Sidan and SUV have now received all facial lifts) and its latest product, cyber truck, is not close to the hit, whose CEO Elon Musk thought it could be. And along with Musk’s right politics, with his involvement in the Trump administration, Tesla’s brand has had a huge response.
At the same time, Kasturi has attracted the company to its robotics and Optimus robot projects.
He promised to launch an initial version of the robotics service in Austin this June, other cities are likely to come by the end of this year, but details are highlighted how it will work.
Musk has not yet shown that Teslas are able to run themselves without human intervention despite the promises of years. What’s more, information recently reported that internal analysis in Tesla shows that the robotics program will lose money for a long time. Even if it was to work.
Last year, Tesla was tightening with some sad numbers. If you forget, the company’s profits fell 55 % to $ 1.13 billion in the first quarter of 2024 in 2023. Tesla said it was due to the long -term deduction strategy and “numerous unexpected challenges” due to the EV prices.
Tesla tried to turn the profitable ship, but was under constant pressure. In the Q2 of 2024, Tesla reported a profit of $ 1.5 billion, which is 45 % lower than the same period in 2023. Profit faced a reorganization of 22 622 million. Although it is worth considering, this profit was added to the regulatory credit sales by a record $ 890 million.
This article was originally published on PT at 1:15 pm. Since then the earnings call has been updated with comments from Elon Musk and other executives.