Tuesday, April 22, 2025

Tesla revenue and profits plunge

Tesla reported a sharp drop in revenue and earnings in the first quarter on Tuesday, and warned that the outlook for the rest of this year is uncertain. "It is difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains, our cost structure and demand for durable goods and related services," the company said. The company reported its revenue fell 9%, with auto revenue falling 20%. Adjusted income tumbled 39%. Both drops were bigger than forecast.

Posted by REDIAL at 04:56 PM | 15 COMMENTS | permalink

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Analysts lay much of the blame for the biggest drop in sales in company history as blowback to CEO Elon Musk's controversial role in the Trump administration as the head of the Department of Government Efficiency (DOGE). There have been protests outside Tesla showrooms and vandalism at its facilities.

Comments

Karma.

You don't have to die to experience it.

#1 | Posted by Zed at 2025-04-22 05:09 PM

Wonderful news.

#2 | Posted by Wardog at 2025-04-22 06:14 PM

Elon Musk says he's taking a step back from DOGE after Tesla "blowback"
www.axios.com

#3 | Posted by LampLighter at 2025-04-22 06:30 PM

Pretty sure Elon already delivered what Putin wanted from him.

#4 | Posted by ClownShack at 2025-04-22 06:32 PM

net income falls 71%

ROFL!

#5 | Posted by censored at 2025-04-22 06:38 PM

HOAX!

-ShrimpTacoGoober

#6 | Posted by Alexandrite at 2025-04-22 06:39 PM

Musk thinks spending less time further destroying and corrupting the government services he already destroyed and corrupted will help him be less Nazi to the consumers of the world

#7 | Posted by hamburglar at 2025-04-22 06:52 PM

and the stock goes up

#8 | Posted by sitzkrieg at 2025-04-23 08:30 AM

Absent zero-emissions tax credits implemented during the Biden administration, his company would not have made any profit during the first quarter.

In fact, Tesla would have posted a Q1 loss without the $595 million in EV tax credits, according to reporting by TechCrunch. Earnings figures released by Tesla showed $409 million in net quarterly profit, a brutal 71% plunge from a year ago. These figures follow Tesla's first-ever year-to-year sales decline. The company's stock price has also plummeted more than 50% since December.

Leon the nazi should publicly thank Brandon.

#9 | Posted by reinheitsgebot at 2025-04-23 09:03 AM

The orange pedo's tariffs cause more anguish for Leon.

Elon Musk, the chief executive of Tesla, said on Tuesday that China's halt on exports of certain magnets was affecting his plans to build humanoid robots, in the clearest signal yet that China's action is beginning to affect big American businesses," the New York Times reports.

www.nytimes.com

#10 | Posted by reinheitsgebot at 2025-04-23 10:02 AM

#10: ...was affecting his plans to build humanoid robots...

The arch-Incel is looking to construct a perfect companion that will tolerate his blasphemous, vile, loathsome self: i.dailymail.co.uk

#11 | Posted by C0RI0LANUS at 2025-04-23 10:10 AM

and the stock goes up
#8 | Posted by sitzkrieg

As the reddit link says, Tesla is just a meme stock at this point. Relying upon the stupidity of clueless investors to prop up its value. Much like the crypto currencies Leon and Hair Furor keep pushing.

#12 | Posted by censored at 2025-04-23 11:09 AM

"At this point" lol.

It was always a meme stock.

More valuable than the entire car industry combined.

#13 | Posted by sitzkrieg at 2025-04-23 07:07 PM

"More valuable than the entire car industry combined."

In a normal world, they would buy the other car industries and have a long-term viable business.

Like when AOL, worth basically nothing, bought Time Warner, worth billions.

But I guess then they wouldn't be a unicorn. Just a long-term viable business. Booooring!

And no that is not a reference to The Boring Company, which is supposed to be another unicorn and all the unicorns join together and form Voltron.

Because that's how the economy works now. The richest kid in history, playing with his toys, while he wishes migrants into the cornfield.

#14 | Posted by snoofy at 2025-04-23 07:25 PM

In a normal world, they would buy the other car industries and have a long-term viable business.

Like what? What did Tesla need? ICE parts? Transmission? Which company? Sure it could have gone the hybrid route, but none of you EarthDay types wanted anything to do with ICE.

Now you cheer the downfall of the only company making commercially successful "global saving vehicles". You look and sound pretty stupid.

Tesla is viable, it will be around for a long time. Not so sure about Ford, or GM.

Like when AOL, worth basically nothing, bought Time Warner, worth billions.

You don't understand the difference? It would be like AOL buying WesternUnion, or an acoustic coupler modem company.

The richest kid in history, playing with his toys, while he wishes migrants into the cornfield.

This is what I don't understand about American Billionaires, why haven't Gates, Buffet (richest do nothing in the history of man), Cuban, Larry Ellison, Steve jobs etc etc actually user their wealth to create a better planet. Musk is trying at least, I don't really like him personally, but business investment wise he's doing a hell of a job of increasing America's tech and future development. Starlink, incredible. Even TheBoringCompany, you can laugh but its an interesting idea. Hell it would be great if it was used to lower the cost of HSR development.

It was always a meme stock.

Perhaps, but most of these tech companies are punching way above their weight.

#15 | Posted by oneironaut at 2025-04-23 07:44 PM

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