Tesla Q1 Revenue Hits $19.3B, Misses Forecast

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Tesla's profits crashed 71% in Q1 2025 with revenue down 9% to $19.3 billion, missing Wall Street's expectations by a wide margin.

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Vehicle deliveries hit a three-year low at 336,681 units as the company struggled with production line updates and cooling consumer demand

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Elon Musk announced he'll cut his time with Trump's Department of Government Efficiency to "a day or two per week" starting May, sending the stock up 5% after hours.

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"This was a big step for Musk," said Wedbush analyst Dan Ives, calling Q1 a "disaster" but suggesting Musk's pivot away from politics could help Tesla recover.

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Despite slumping sales, Tesla insisted its cheaper EV models remain on schedule for production in the first half of 2025, with the Robotaxi launch still set for June.

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Tesla blamed "rapidly evolving trade policy" and "changing political sentiment" for hurting its supply chain and dampening consumer interest in its vehicles.

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Musk made bold claims about autonomous driving: "Can you go to sleep in our cars and wake up at your destination? I'm confident that will be available in many US cities by year-end.

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Auto analyst Sam Abuelsamid countered Musk's optimism: "The system is not robust enough to operate unsupervised. It still makes far too many errors."

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Tesla's stock has plummeted 41% since January as global protests mounted over Musk's right-wing political activities and close ties to the Trump administration.

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While the car business struggled, Tesla's energy division showed strength, deploying 10.4 GWh of storage products in Q1 with expectations of significant future growth.

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