According to the financial results released on Tuesday, Tesla’s gorgeous sales figures threaten one of the biggest advantages than other EV players.
Electric vehicle manufacturers reported nearly 337,000 EV in the first quarter and reported net income of $ 490 million in sales of $ 19.3 billion. The company’s net profit reflects a 71% decrease in the same quarter last year.
For more than two years, it was the worst quarter of Tesla’s delivery and rose to the first decline in sales. According to the income report, Tesla’s income was alleviated by selling $ 595 million in zero emission tax deductions.
Nevertheless, Tesla shares have granted more weights to the company’s plan to start production in cheaper EVs in June, and ELON Musk’s CEO has increased more attention to the company’s plans to focus more attention to Tesla to reduce the role of government efficiency with import telephone. Musk pointed out that Donald Trump’s second term can maintain some ability, but he did not promise to completely finish his work.
TechCrunch issued other MUSK opinions on Tesla’s import calls, covering tariffs, Robotaxis, AI and EVS.
Tesla also warned shareholders about how the trade war affects business. The company said that President Trump’s tariffs and “political emotions” can have a meaningful impact on the demand for our products.
The company pointed out that the current tariffs on China will have a relatively more effective impact on the energy business compared to automobiles. Tesla is taking action to stabilize business and maintain health in the long term in the long term, but also warns investors that they cannot say whether they can increase sales this year.
Tesla adheres to an ambitious (but mysterious) plan to create a cheaper model to start producing this car in the first half of 2025. During the import phone period, MUSK will begin production in June.
The vehicle will use the side of the next -generation platform that supplies power to Robot Tashi, but it will depend on the existing one that supplies power to Model Y and Model 3 in the shareholders’ letter. Therefore, this cheap vehicle will be produced in the same manufacturing line as the current vehicle lineup, the company said.
This flies on the day of the Reuters report, which claims that the first of these new EVs has been delayed for several months since last week.
Sales of Tesla rises to several headwinds.
The company’s EV lineup is aging (although both sedans and SUVs have now got a face lift), but this newest product, Cybertruck, is not close to a hit that Elon Musk can think of. And MUSK’s right politics caused a significant backlash against Tesla’s brand with his participation in the Trump administration.
At the same time, MUSK headed the company to Robotaxi and Optimus Robot projects.
He promised to launch an early version of Robotaxi Service in Austin in June, and by the end of this year, other cities could potentially come, but they have been revealed how it works.
Musk has not yet demonstrated that Tesla can drive himself without human intervention for many years. In addition, according to internal analysis conducted in Tesla, it will lose money for a long time even if the Robotaxi program works.
Last year, Tesla was struggling with a depressed number. If you forget, the company’s interests have decreased to $ 1.1 billion, down 55% in the first quarter of 2023 from 2023. Tesla said that the long -term EV price cutting strategy and the “unexpected challenge” were due to the “some unexpected challenges” due to the profitability of the automakers.
Tesla tried to turn its profit, but faced continuous pressure. In the second quarter of 2024, TESLA recorded profits in 2023, down 45% from the same period in 2023, and profits were due to the restructuring fee of $ 622 million. It is worth noting, but the profit was filled with a record of $ 880 million in regulatory credit sales.
This article was originally 1:15 pm pt. Since then, it has been updated with the opinions of other executives of ELON Musk and earnings phone.
