Tesla’s first-quarter 2025 earnings fell 71%
Following a 20% decline in its automotive revenue, Tesla’s net profit dropped 71% to $409 million in the first quarter of this year, the automaker announced on Tuesday.
However, Tesla said that its car sales revenue dropped to $13.967 billion. Sales of energy storage devices and other services are included in its overall revenue, which decreased by 9% to $19.335 billion.
Additionally, the automaker reported that its operational expenses rose 9% to US$2.754 billion during the period, its adjusted gross operating profit (ebitda) decreased 17% to US$2.814 billion, and its margin dropped to 14.6%.
The business had already issued a warning in early April that its first-quarter 2025 sales had dropped 13% to 336,681 units. However, the published financial results fall short of analysts’ expectations.
Experts predicted that Tesla’s automotive operations would generate roughly $21.1 billion in revenue, with earnings per share of 39 cents, 12 cents higher than the company had declared.
The business has been the target of boycotts and protests in North America and Europe in recent months.
Additionally, Trump’s trade battle against the rest of the globe, particularly China, has hurt Tesla’s interests because the company has a car manufacturing facility in the Asian behemoth.
