Tesla's Revenue, Profits Plunge

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US Politics

Tesla’s revenue and profits tank amid political chaos

Summary

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74% Informative

Tesla released its first quarter financial earnings report.

The company said it delivered 336,681 vehicles, a 12.9 percent decline compared to Q1 2024 .

Tesla was expected to be largely insulated from tariffs, thanks to its domestic supply chain.

But the company says that its energy business, which includes solar panels and home battery products, will be hurt by the Trump administration's trade war.

Elon Musk and his executive team will discuss the company's off-the-rails moment in a conference call with investors at 5:30 pm ET.

The company will host a “live company update” including a question and answer session.

Musk is pinning his hopes on AI , robotics, and self-driving cars, which he argues will propel Tesla to financial heights.

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