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5d ago

Tesla Reports Weakest Quarterly Profit Since 2020 as Deliveries Fall

Q1 2025 earnings reveal a 13% drop in vehicle deliveries, $19.3 billion in revenue, and intensifying backlash over Elon Musk's political role.

FILE - Tesla vehicles line a parking lot at the company's Fremont, Calif., factory on Sept. 18, 2023. (AP Photo/Noah Berger, file)
Signage at a Tesla store in Colma, California, US, on Monday, April 21, 2025. Tesla Inc. shares fell on renewed questions over Elon Musk's role with the federal government and uncertainty over the company's plans to introduce a lower-cost electric vehicle. Photographer: David Paul Morris/Bloomberg

Overview

  • Tesla's Q1 2025 adjusted earnings per share came in at $0.27, missing Wall Street estimates of $0.41 by $0.15.
  • Revenue for the quarter reached $19.3 billion, falling short of the $21.35 billion analysts had forecasted.
  • Vehicle deliveries dropped 13% year-over-year to 336,681 units, marking the company's weakest delivery performance since 2022.
  • Elon Musk's involvement in the Trump administration's Department of Government Efficiency has fueled dealership protests and brand backlash, further straining Tesla's reputation.
  • Despite challenges, Tesla deployed 10.4 GWh of energy storage in Q1 2025, highlighting its ongoing efforts to diversify beyond automotive sales.