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Teslin (Tsla+ 1,13%) Earnings of the first quarters are out, and they don’t look good for the car manufacturer. Net revenue of the company sank 71%, and its earnings is a double failure in custom earnings – division and revenues. Total automatic income dropped 20% compared to a year during the period.
The EV-manufacturer reported $ 19.3 billion in revenue, which was reduced by 9% compared to the same period last year ($ 21.3 billion). Net income is lowered to $ 409 million, ie 12 cents stock, from 1.39 billion, or 41 cents stock, the year before.
Tesla said that the crash profit is the result of the factory to make the redraped version of its popular Model Y SUV, along with reducing prices and stimulus to the brakes on the company’s income.
The President Donald Trump sent a 25% tariff on car import – at the top of 10% of universal tariffs and cars on auto parts that still come. While Tesla produces cars that sells in the US in Texas and California, relies on other countries for parts (Mexico delivers more than 20% of car manufacturers).
Tesla left the forecast of return to growth from the earnings report, saying that he would review his guidelines from 2025. In updating Q2.
The company said “, it is difficult to measure the impacts of the relocation policy on the automotive structure and the need for durable goods and related services, including the rate of accelerating our autonomy efforts, production ramps in our factories and a wider macroeconomic environment.”
Tesla stocks rose by 1% in trade trading and placing it because the data provided people about what they expected. You would have to go back to 2020. October to find the post-earns Tesla move that was below 1%; Four of the last five quarters have seen two-digit swings.
Stock decreased 37.3% to this day.
Plans for new vehicles – including more favorable models – remain on their way to start production in the first half of 2025. year, the company announced without providing much more details. Investors looked forward to the announcement of a vehicle that could compete with lower cost competitors (such as Chinese BYD (Be+ 2.70%)) or with the rivian (Rnvn+ 5.19%).
“These vehicles will use the aspects of the new generation platform as well as aspects of our current platforms and will be manufactured on the same production lines as our current vehicle line,” the company said.
Meanwhile, Cybercab and Tesla Semi were changed in the “construction” label, while Roadster crossed the “design development”. And Tesla said his lithium refineries and cathodic production facilities in Texas are on their way to start production this year.
There were several other bright points. Teslin energy work increased by 67%, and the company said that her implementation of Powerwalle crossed 1 gigawatt for the first time. However, Tesla warned that the tariffs could cause market volatility and influence the offer and demand – batteries that Megapack uses have cells that are largely imported from China.
Nevertheless, the company continues the amounts of millions of each quarter of the sale of regulatory loans – $ 595 million revenues from other car manufacturers who pay for carbon loans.
Tesla made his own and possibilities, saying, and is the main pillar of growth for Tesla and the wider economy and the key to our quest for sustainable abundance. “
Still, it was a dark start in the year for the company.
At the beginning of April Tesla reported his worst quarter sale in years; His 336,000 units delivered were significantly below Wall Street’s already low expectation. Last week, the data showed that the share of car manufacturers in the California huge EV market fell to 43.9% in the first trimester From 55.5% a year ago. Tesla recently pulled out Options to buy your model S and X EVS from your website in China. Even Used Tesli Prices They come in.
While Teslen Deck Shareholders did not mention the Executive Director Elon Musk – Even once – a decline from the company used to come as his political affiliation continue to hurt the company’s car.
The General Manager was the person of the Department for the costs and level of government efficiency, and musk was seen in the White House (or in photo operations with the president) countless times. As a result, people who want to protest the president and politics of his administration have found a good target in the car manufacturer. Narrelicity, anti-Tesla protests appeared around the world, while vandalism against vehicles and the company’s facilities increases.
When reports this month suggested that musk would leave their government role (his appointment as a special government officer was placed by the end of May), Tesla’s rose supplies.
2025-04-22 20:48:00
