A naukri.com initiative
Tesla News
Insider
3w
415
Image Credit: Insider
5 big takeaways from Tesla's first-quarter earnings call
- Tesla reported a weaker-than-expected first quarter, missing its revenue target by nearly $2 billion.
- Elon Musk disclosed his plan to step back from his role in the White House DOGE office and focus more on Tesla.
- Tesla shared new details on the timeline for robotaxis and the introduction of a more affordable model during their earnings call.
- Musk stated that he will allocate more time to Tesla and continue to be involved with government matters for a day or two a week.
- The robotaxi service is set to launch in Austin in June with a few vehicles, expanding to other U.S. cities later on.
- Tesla aims to have millions of fully autonomous Teslas operating by the second half of the next year.
- Investors have been pushing for a more affordable Tesla model, with plans for production to begin in the first half of 2025.
- Tesla claims to be less affected by tariffs compared to other car companies due to localized supply chains in America, Europe, and China.
- The company saw a positive uptick in after-hours trading, with Tesla stock rising more than 5%.
- Analysts are closely monitoring how tariffs may impact automakers and their suppliers, with potential risks for Tesla's margins.
Read Full Article
24 Likes
Pymnts
3w
119
Image Credit: Pymnts
Tesla Q1 Falls Far Short, Musk to Scale Back DOGE Involvement
- Tesla CEO Elon Musk announced that he will be scaling back his involvement with the Department of Government Efficiency (DOGE) and devoting more time to Tesla.
- Musk stated that DOGE's work is mostly done, and he plans to oversee their efforts one to two days per week to prevent waste and fraud, starting in May.
- Musk's political involvement and alliance with President Trump have caused brand damage to Tesla, resulting in a 15% to 20% permanent demand destruction for future buyers.
- In Q1, Tesla reported a 71% drop in net income, with financial results falling far short of expectations, leading to negative sentiment towards the company.
Read Full Article
7 Likes
Guardian
3w
313
Image Credit: Guardian
Elon Musk to pull back in Doge role starting May amid 71% dip in Tesla profits
- Elon Musk plans to reduce his involvement in Doge starting in May, focusing more on Tesla amid a 71% decline in Tesla's profits.
- Musk aims to continue critical work at Doge based on the President's needs, with a departure date of May 30 set.
- Tesla reported a 9% revenue drop year over year in Q1 2025, with profits plummeting 71% to $409m.
- The company suffered a 13% decline in vehicle deliveries, marking its worst quarter since 2022.
- Despite missing Wall Street expectations, Musk remains optimistic about Tesla's future, highlighting plans for self-driving cars.
- Analysts are optimistic about Tesla's outlook, attributing difficulties to Musk's role in the White House causing a branding crisis.
- Tesla owners are selling vehicles, and the company faced protests and backlash that led to a drop in share prices.
- Musk cited macroeconomic trends for the drop in demand, while analysts believe his White House ties are causing brand damage.
- Wedbush Securities remains positive on Tesla's potential, stating that Musk's full-time return could drive the company's long-term story.
- Tesla did not provide forward-looking guidance, citing uncertainties in global trade policy and potential impacts on demand.
Read Full Article
18 Likes
Mensjournal
3w
216
Image Credit: Mensjournal
Tesla Makes Major Moves Amid Stock Volatility
- Tesla plans major moves in Robotaxi and humanoid robot production.
- The company aims to launch the pilot Robotaxi service in Austin by June and start production of humanoid robot, Optimus, in 2025.
- Tesla emphasizes the progress in autonomous driving, with vehicles driving autonomously from the production line.
- The company aims to develop more affordable vehicle options with production scheduled for the first half of 2025.
Read Full Article
13 Likes
Discover more
Siliconangle
3w
174
Image Credit: Siliconangle
Tesla stock rises despite earnings miss as Musk shifts focus back to company
- Tesla stock rises despite earnings miss as Musk shifts focus back to company
- Tesla reported adjusted earnings per share of 27 cents and revenue of $19.34 billion for Q1, missing analysts' expectations.
- Automotive sales were down 20% year-over-year, while Tesla's energy generation and storage revenue saw a 67% increase.
- Tesla plans to produce new cost-effective models in the first half of 2025 and is committed to its strategic initiatives.
Read Full Article
10 Likes
Bitcoinsensus
3w
40
Image Credit: Bitcoinsensus
Tesla’s Revenue Tanks—Musk Pledges to Shift Focus Away From DOGE
- Tesla reported $13.97 billion in automotive revenue, marking a 30% quarterly decline and a 19.62% annual drop.
- Net income fell 71%, missing analyst expectations and raising concerns about Tesla's financial health.
- Elon Musk pledged to shift focus back to Tesla, reducing time spent on DOGE and government affairs.
- Tesla experienced declining European sales and faced a boycott, with a significant drop in new registrations.
Read Full Article
1 Like
Mensjournal
3w
22
Cybertruck's Future in Jeopardy After Elon Musk's Tesla Announcement
- Tesla reported a steep 71% drop in profits, with Q1 net income falling to $1.13 billion.
- Multiple factors, including production disruptions and a recall of nearly 4,000 Cybertrucks, led to the decline.
- The manufacturing of the Cybertruck has proved to be a costly problem and scaling operations is taking longer than expected.
- Tesla warned of an uncertain short-term outlook and plans to accelerate development of more affordable EV models.
Read Full Article
1 Like
Insider
3w
198
Image Credit: Insider
Elon Musk says he's stepping back from DOGE
- Elon Musk announced he will be stepping back from the White House DOGE office to focus more on Tesla.
- Musk will continue to spend a day or two a week on government matters, as long as it is useful and the president wants him to do so.
- Tesla stock jumped about 5% in after-hours trading after Musk's announcement.
- During his time with DOGE, Musk had targeted various federal agencies and helped in downsizing the federal workforce.
Read Full Article
11 Likes
The Verge
3w
406
Image Credit: The Verge
Tesla is making progress on its 1950s diner and drive-in
- Tesla is nearing completion of its 1950s-themed drive-in restaurant and Supercharger hub located on Santa Monica Boulevard in Los Angeles.
- The diner features two floors, rooftop seating, a bar, two drive-up movie screens, and 30 Supercharger stalls.
- The idea for the retro drive-in restaurant was initially shared by Tesla CEO Elon Musk in 2018.
- The completion of the diner comes as Tesla has recently moved its headquarters to Texas and faces declining revenue.
Read Full Article
24 Likes
Automotiveaddicts
3w
33
Image Credit: Automotiveaddicts
Tesla’s 71% Profit Plunge Reflects Tough Road Ahead as EV Competition Heats Up
- Tesla experienced a 71% year-over-year plunge in net income in Q1 2025 due to weak sales, shifting consumer sentiment, and global challenges.
- The Q1 earnings report revealed Tesla's worst delivery performance in over two years, along with the first-ever year-over-year decline in sales volume.
- Geopolitical risks, including the return of tariffs and uncertain relations with China, pose threats to Tesla's automotive and energy divisions.
- Despite challenges, Tesla plans to launch more affordable EV models, but there are concerns about delays and the sustainability of forward-looking projects like Robotaxi.
Read Full Article
1 Like
Teslarati
3w
181
Image Credit: Teslarati
Tesla CEO Elon Musk confirms time spent with DOGE will drop ‘significantly’
- Tesla CEO Elon Musk confirms that his time spent with DOGE (Department of Government Efficiency) will drop 'significantly'.
- Musk stated that his focus will shift back to Tesla and its upcoming projects, including the launch of the Cybercab and a Robotaxi platform in Austin.
- He will dedicate only one or two days per week to government affairs while the majority of his time will be spent on Tesla's efforts.
- This move comes as a relief for Tesla investors and analysts who have expressed concerns about Musk's lack of attention to the company.
Read Full Article
10 Likes
The Verge
3w
371
Image Credit: The Verge
Elon Musk says he’ll step back from DOGE starting in May
- Elon Musk plans to step back from his work at the Department of Government Efficiency, or DOGE, starting in May.
- Musk will continue to spend a day or two each week on DOGE matters, but will focus the bulk of his time on Tesla.
- His role as head of DOGE has faced scrutiny, with Tesla investors urging him to step down and focus on the electric car company.
- As a special advisor to the Trump administration, Musk was limited to just 130 days, and rumors have been growing about his departure.
Read Full Article
22 Likes
Teslarati
3w
254
Image Credit: Teslarati
LIVE BLOG: Tesla (TSLA) Q1 2025 Company Update and earnings call
- Tesla's Q1 2025 earnings call follows the Q1 2025 Update, with total revenues of $19.3 billion.
- Total automotive revenues amounted to $13.967 billion, with a GAAP gross margin of 16.3%.
- Gross profit reached $3.15 billion, with an EPS non-GAAP of $0.27 per share.
- Tesla's Q1 2025 earnings call is accompanied by an upcoming 'Company Update' about new vehicles.
Read Full Article
14 Likes
The Verge
3w
229
Image Credit: The Verge
Tesla’s revenue and profits tank amid political chaos
- Tesla reported lower-than-expected first quarter earnings with $409 million net income on $19.3 billion revenue.
- Profits decreased dramatically with a 71% drop in net income compared to the previous year.
- Automotive revenue saw a 20% decline year over year, largely from car sales dropping to $13.9 billion.
- Tesla's finances were boosted by $595 million in regulatory credits, preventing a year-over-year loss.
- Tesla cited tariffs and changing political sentiment as complicating factors affecting growth.
- Tesla's energy business is expected to be impacted by trade war tariffs, leading to uncertainties.
- Despite expectations of sales growth in 2025, Tesla is reevaluating guidance due to various factors.
- Gross margins for Tesla exceeded analysts' expectations at 16.3% in the first quarter.
- Tesla's vehicle deliveries fell 12.9% in Q1 2025, contributing to the company's recent challenges.
- Elon Musk's distractions with political activities have led to Tesla's struggles and significant stock value decline.
Read Full Article
13 Likes
TechCrunch
3w
417
Image Credit: TechCrunch
Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment
- Tesla's net income has dropped 71% in the first quarter of 2025 due to weak sales and anti-Elon Musk sentiment.
- The company sold almost 337,000 EVs, but it was the worst quarter for Tesla deliveries in over two years.
- Tesla's income was partly buffered by selling $595 million in zero-emissions tax credits.
- The company cautioned shareholders about the impact of President Trump's tariffs and changing political sentiment on demand for its products.
Read Full Article
24 Likes
For uninterrupted reading, download the app