Overview
- Tesla's Q1 2025 revenue fell 9% to $19.3 billion, with net profit plummeting 71% to $409 million, missing analyst expectations.
- Vehicle deliveries dropped 13% year-over-year, with significant declines in key markets like China, the EU, and Germany, where registrations fell 62.2%.
- Elon Musk announced plans to reduce his involvement in the Trump administration to one or two days per week starting in May, citing the need to focus on Tesla.
- Musk’s political ties, including his $280 million investment in Trump’s campaign, have contributed to brand backlash, protests, and boycotts, further impacting Tesla’s sales.
- Tesla faces mounting pressure from competitors like BYD and Volkswagen, with critics highlighting its aging model lineup and delayed innovations, such as the underperforming Cybertruck.