Tesla's Q1 2025 Sees Sharp Decline in Revenue and Profits
Tesla reported a significant drop in both revenue and net income for the first quarter of 2025, according to its latest financial results. The electric vehicle giant faced challenges including reduced demand and increased competition, contributing to the downturn.
Revenue fell compared to the previous year, while net income also took a substantial hit. Despite the setbacks, Tesla emphasized its focus on cost-cutting measures and upcoming product launches, such as an affordable EV model, to regain momentum. The company remains optimistic about its long-term growth in the electric vehicle and energy storage markets.
Elon Musk says 10 to 20 Tesla Model Ys in Austin will offer paid robotaxi rides in June but gives few tech details — ‘you can just see for yourself in two months’.
Tesla's stock fell after a challenging first-quarter earnings call in 2025, where CEO Elon Musk discussed the company's steep revenue and profit declines. Musk highlighted weaker EV demand and intense competition as key factors, while outlining plans for cost reductions and a new budget-friendly vehicle to boost growth. Despite the setbacks, Musk remained confident in Tesla's innovation pipeline, including advancements in autonomous driving and energy storage. Investors, however, expressed concerns over the short-term outlook, contributing to the stock's post-earnings slide.