Tesla’s decline profits

Tesla’s Targeted sales data have brought the company closer to red than years, according to financial results Issued on Tuesday, threatening one of its largest advantages over other EV players.

The electric carmaker reported $ 409 million in net income for revenue of $ 19.3 billion after delivering nearly 337,000 EVs in the first quarter of the year. The company’s net income reflects a 71% decrease from the same quarter last year.

It was the worst quarter for Tesla supplies for more than two years and came on the heels of the first of its kind of its kind Decline in the year of salesS Tesla’s revenue was buffered by selling $ 595 million in zero-emissions tax loans, according to its profit report, this would report a loss.

Yet, Tesla’s shares have increased after working hours, as investors put more weight on the company’s plans to start production of accessible EV in June and the comments of Executive Director Elon Musk during a call to profit that it will reduce its role with the Ministry of Government Efficiency to focus more on TES. Musk has not committed to completely terminate his work with Dogeta by noting He can continue In a certain way, the rest of the second term of President Donald Trump.

Techcrunch publishes a circle of other Musk comments Tariffs, robotaxis, AI and EVS, during Tesla profit call.

Tesla also warned shareholders of how a trade war could affect its business forward. The company said President Trump’s tariffs and “changing political sentiment” can have a “significant impact on the search for our products.”

The company noted that the current tariffs, a larger part of which are aimed at China, will “have a relatively more impact on our energy business than the car.” Tesla said it was taking action to stabilize the business in the medium term and focused on maintaining their health, but also warned investors that they could not say whether it would be able to increase sales this year.

Tesla adheres to its ambitious (but mysterious) plans surrounding more affordable models, stating that it remains on the way to start the production of these vehicles in the first half of 2025. During the call for profit, Musk was more consistent, saying that production will begin in June.

These vehicles will use aspects of a next -generation platform that feeds Robotaxi, but will rely on its existing Model Y and Model 3, said its shareholder’s letter. As such, these more expensive vehicles will be manufactured on the same production lines as the current range of the vehicle, the company said.

This flies in front of a Reuters report from last week, which claims that the first of these new EVS is delayed with monthsS

Tesla sales are against a number of winds.

The EV line of the company aged (although the sedans and SUV have already received lifts on the face) and its latest product, The Cybertruck, is nowhere close to the hit that CEO Elon Musk thought it could be. And Musk’s far -right policy, along with his participation in the Trump administration, created a great response to the Tesla brand.

At the same time, Musk guides the company to its Robotaxi and Optimus Robot projects.

He promised to release an initial version of the Robotaxi service in Austin this June, with other cities potentially coming by the end of this year, but it was easy for details of how it would work.

Musk has not yet demonstrated that Teslas is capable of moving without human intervention, even though years of 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 worksS

At that time last year, Tesla struggled with some gloomy numbers. In the event that you forgot, the company’s profits fell 55% to $ 1.13 billion in the first quarter of 2024, from the same period in 2023, Tesla said it was due to the prolonged EV cutting strategy and a “several unforeseen challenges” shortened in the lower row of the car manufacturer.

Tesla tried to turn this ship for profit, but confronted constant pressure. In Q2 of 2024, Tesla reported a $ 1.5 billion profit, which was 45% of the same period in 2023. The profits were affected by a $ 622 million restructuring fee. Although it is worth noting, this profit was backed by a record $ 890 million in regulatory credit sales.

This article originally published at 13:15 pt. Since then, she has been updated with comments from Elon Musk and other leaders of the call for profit.