Tesla’s profits decreased by 71 % on the weak sales and the morale of the anti -musk, Elon

Timing Flableing sales numbers The company has placed closer to red than it was years ago Financial results It was released on Tuesday, threatening one of its biggest advantages to the other EV players.

Electric Automant has registered $ 409 million of $ 19.3 billion in revenue after saving approximately 337,000 EVS in the first quarter of the year. The company’s net income reflects a 71 % decrease from the same quarter of last year.

This was the worst quarter of Tesla’s connections in more than two years and came in the wake of the first person ever A decrease in sales year to another. Tesla income was stored by selling $ 595 million of zero emissions credits, according to the profit report, without that, it could have been published.

However, Tesla shares rose in post -working hours, where investors put more weight on the company’s plans to start production in EV at reasonable prices in June, and CEO of Elon Mousse during the profit calling that he would reduce his role with the Ministry of Government efficiency to focus more attention on Tesla. Musk did not commit to end his work completely, noting It may continue In some link during the remaining period of President Donald Trump’s second term.

Techcrunch A collection of other musk comments was published The tariff, robotics, artificial intelligence, and EVS, cover during the Tesla profit call.

Tesla also warned the shareholders of how the trade war influenced the progress of its business. The company said that President Trump’s tariff and “changing political feelings” could have “a beneficial impact on the demand for our products.”

The company noted that the current definitions, which are directed to China, will have a “relatively greater impact on our energy business compared to cars.” Tesla said it is taking measures to stabilize in the medium -term business and focus on maintaining her health, but also warned of investors that he could not say whether he would be able to increase sales this year.

Tesla clings to its ambitious (but mysterious) plans about making more affordable models, saying that it remains on the right path to start producing these vehicles in the first half of 2025. During the profit call, Musk was more specific, and production begins in June.

These vehicles will use aspects of the next generation platform that runs robotics, but will depend on their current weapon that operates the Y and Model 3. As such, these cheaper vehicles will be produced on the same manufacturing lines as the current car squad, the company mentioned.

This fly in the face of the Reuters report last week, which claimed the first of this new EVS Delayed months ago.

Tesla sales rise against a number of opposite winds.

The company’s assortment of the company is aging (although sedans and SUVs are all now on the face of the face) and the latest products, The Cybletruck, not in a place near the successful that ELON Musk CEO believed. MUSK extreme right -wing policy, along with his participation in the Trump administration, has created a major violent reaction to the Tesla brand.

At the same time, Musk directed the company towards Robotaxi and Optimus Robot projects.

He promised to launch a preliminary version of the Robotaxi service in Austin in June, with other cities that are likely to come by the end of this year, but it was photographed on details about how it works.

Musk has not been proven after shedding was able to lead itself without human intervention despite the years of making this promise. Moreover, the information recently stated that the internal analysis of Tesla showed that the Robotaxi program would lose money for a long period of time Even if the work is.

At this time last year, Tesla was struggling with some dark numbers. In the event of forgetting, the company’s profits decreased by 55 % to $ 1.13 billion in the first quarter of 2024 of the same period in 2023. Tesla said it was due to an EV price cutting strategy and “many unexpected challenges” reduction to the minimum auto industry.

Tesla tried to turn this profit ship, but she faced constant pressure. In the second quarter of 2024, Tesla was $ 1.5 billion, a 45 % decrease from the same period in 2023. profits were accused of restructuring of $ 622 million. Although it is worth noting that this profit was lined with a record record of $ 890 million in organizational credit sales.

This article was originally published at 1:15 pm. It has been updated since then with comments from Elon Musk and other executives from the profit call.