Tesla

Tesla Q1 net income falls 71% to $409 million; Elon Musk to cut back government work

Tesla sales fell 13 percent in the first-quarter on aging models, CEO Elon Musk's political activism.
Tesla attributed its first-quarter sales decline to tight supplies of its bestselling Model Y crossover. In reporting its earnings, the EV maker reiterated timelines for critical vehicle programs, its robotaxi service and Optimus humanoid robot. (LAURENCE ILIFF/AUTOMOTIVE NEWS)
Last Updated
April 22, 2025 11:51 PM

Tesla reported first-quarter net income of $409 million, a 71 percent decline compared with the same period last year, as global sales fell because of aging products and CEO Elon Musk’s political activism, according to analysts.

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