Tesla’s total income has dropped by just over 9 percent Up to USD USD 19.34 billion from USD 21.3 billion early yearj. The automotive segment had the greatest impact on the decrease in the company’s revenues. Revenues from the car industry fell by 20 percent. up to USD 14 billion from USD 17.4 billion in the same period last year.
Net income dropped by 71 percent. up to $ 409 millionor 12 cents per share. In the previous year, the first quarter of Tesla closed a net income of $ 1.39 billion, which means that for one share there was a profit of 41 cents. .
Reasons for declines
Tesla said that there was one of the reasons worse than the expected results The need to update the line in four vehicle factories to start the production of the refreshed version of the popular SUV model Y. Another reason for reducing revenues and profits includes lower average sales prices and sales incentives that Tesla was forced to introduce in the price war by Chinese competitors.
In addition, the president’s plan regarding wide tariffs caused concern that The costs of parts and crucial materials for the production of electric vehicles will increaseincluding production equipment, car windows, printed tiles and battery cells.
The terrible beginning of 2025.
In the first quarter of 2025, Tesla recorded the worst quarterly decline from 2022. In the first three months of this year, Tesla’s shares got cheaper by 41 percent.
According to CNBC Tesla in her speech for shareholders, she warned investors that “uncertainty on automotive and energy markets is still growing, because quickly evolving Trade policy negatively affects the global supply chain and the structure of Tesla’s costs and our competitors. “
Expenditure on artificial intelligence
In the robotaksówka segment, Tesla is not doing well and He tries to keep up with cheaper competition. Currently, the Robotaxi market in the USA is dominated by Alphabet Waymo. For now, Tesla wants to run pilot transport without a driver at Austin, Texas. There were also assurances that the company will start building his humanoid robots on the pilot production line in Fremont, California This year, although their production is threatened due to Chinese export limitations of rare earths.
The operating income in the quarter has dropped by 66 percent. To $ 400 million from $ 1.17 billion a year earlier, which translated into 2.1 percent. surgical margin. The company gave Increased expenses related to artificial intelligence projects as one of the factors of this inheritance.
Energy storage
Revenues from energy production and storage increased by 67 percent. In the first quarter of this year to USD 2.73 billion from USD 1.64 billion a year earlier. The company said that the increase in AI infrastructure “creates a huge opportunity for our energy storage products to stabilize the network, change energy when it is most needed, and provide additional power.”
According to CNBC, Tesla relies on foreign suppliers in its energy activities. The company stated that “tariff growth can cause market variability and short -term effects on supply and demand.”
Source: CNBC
