Overview

• Tesla's Q1 2025 net profit fell 70.5% year-over-year to $409 million, down from $1.39 billion in the same period last year.
• Total revenues declined by over 9% to $19.335 billion, with automotive revenues dropping 21.5% to $12.925 billion.
• Vehicle deliveries decreased to 336,681 units in Q1 2025, compared to 386,810 a year earlier, reflecting weaker demand.
• Despite the downturn, Tesla achieved a gross margin of 12.5%, exceeding analysts' expectations of 11.8%.
• The company plans to revise its full-year 2025 guidance downward in the Q2 update, citing challenges from shifting global trade policies and supply chain disruptions.