Overview

• Tesla reported a 9% drop in Q1 2025 revenue to $19.33 billion and a 71% plunge in net income, marking one of its weakest quarters in over a decade.
• Vehicle deliveries fell 13% year-over-year to 336,681 units, breaking a ten-year streak of rising shipments.
• Elon Musk confirmed he will significantly scale back his involvement in the Trump administration's Doge commission starting in May, citing its impact on Tesla's brand and operations.
• Tesla has faced global protests, vandalism, and boycotts linked to Musk's association with the Trump administration, which it acknowledges have hurt demand in some markets.
• The company reaffirmed its plans to launch a lower-cost EV model in H1 2025, begin pilot production of its Optimus robot later in the year, and roll out large-scale robotaxi production in 2026.