Tesla’s first quarter results for 2025 revealed sharp declines across key metrics, with profits dropping 71% compared to last year as the electric vehicle maker faced sales pressure and brand challenges linked to CEO Elon Musk’s political activities. The company reported $19.3 billion in revenue, down 9% year-over-year and well below the $21.1-21.8 billion analysts expected. Auto revenue took an even steeper dive, falling 20% compared to Q1 2024. Net profit fell to $409 million with operating margins shrinking to just 2.1%. “Starting early next month, in May, my time allocation to DOGE [Department of Government Efficiency] will drop significantly,” … Continue reading Tesla Profit Plunges 71%, Deliveries Hit 3-Year Low: Q1 Report Shakes EV Market