Overview

• Tesla's Q1 2025 revenue dropped 9% to $19.33 billion, while net profit fell 71% to $409 million, missing analyst expectations.
• Vehicle deliveries fell 13% year-on-year to 336,681, marking Tesla's first annual delivery decline in over a decade.
• Elon Musk stated he will significantly reduce his involvement with the Trump administration's Doge commission starting in May to refocus on Tesla's operations and product development.
• The company cited reputational damage from Musk's political ties, an aging product lineup, and intensified competition, particularly from Chinese automakers, as key contributors to its struggles.
• Tesla confirmed that its new lower-priced vehicle and autonomous robotaxi projects remain on track for production in 2025 and 2026, respectively.