Tesla’s sales details put the company closer to red than for years, according to financial results It was released on Tuesday, threatening one of the biggest advantages over other EV players.
The electric automotive industry reported $ 409 million in net revenue in revenue of $ 19.3 billion after almost 337,000 EVs in the first quarter of the year.
The company’s net income reflects 71% from the same quarter of last year. It was the worst quarter for Tesla’s traditions in more than two years and came to the heels of the first reduction in company sales. Tesla’s income was paid by the sale of $ 595 million to zero emissions tax credit, according to its profits report-without them, it would have been damaged.
Tesla also warned shareholders about how the trade war can affect its business activities. The company said President Trump’s invoices and “changing political feeling” could have a “substantial impact on demand for our products”.
The company noted that today’s invoices, which are targeted in China, would have “a relatively greater impact on our energy business than the automotive industry”. Tesla said it is taking actions to stabilize the business in the medium term in the long run and focuses on maintaining its health, but also warned investors that it could not say if it could increase sales this year.
Tesla remains in its ambitious (but mysterious) designs around the construction of more affordable models, stating that it remains on the right track to start the production of these vehicles in the first half of 2025. Therefore, these cheapest vehicles will be produced on the same production lines.
This is flying in front of a Reuters report since last week claiming that the first of these new EVS is delayed for months.
Tesla’s sales are faced with a number of heads.
The EV series of the company is aging (although the sedans and SUVs now have all the lifting faces) and its newest product, Cybertruck, is nowhere close to the blow that CEO Elon Musk thought it could be. And Musk’s far -right policy, along with his involvement in Trump’s administration, created a fairly large reaction to the Tesla brand.
At the same time, Musk has oriented the company to Robotaxi and Optimus robots.
It has promised to launch an original version of the Robotaxi service in Austin in June, with other cities that may come by the end of this year, but was light in details of how it will work.
Musk has not proven that Teslas is able to lead themselves without human intervention, despite the years that make this promise. In addition, information recently reported that an internal analysis in Tesla showed that the Robotaxi program would lose money for a long time Even if he had to work.
Right now, Tesla was fighting with some sad numbers. If you forgot, the company’s profits decreased by 55% to $ 1.13 billion in the first quarter of 2024 from the same period in 2023. Tesla said it was due to a prolonged EV cut strategy and “several unpredictable challenges” reduced its minimum.
Tesla tried to turn this profit, but faced continued pressure. In the third quarter of 2024, Tesla reported a profit of $ 1.5 billion, decreased by 45% from the same period in 2023. Although worth noting, this profit was filled with a record of $ 890 million in credit sales.
