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Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates - TL;DR CNBC

Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates

Publishing timestamp: 2025-04-22 16:00:01


Summary

Tesla missed on top and bottom lines in its first-quarter earnings report, with automotive revenue plunging 20% from the year earlier. The company reported a 71% drop in net income and cited various factors such as the need to update production lines and lower average selling prices. Tesla shares are down 41% so far this year, and the company is facing challenges in the electric vehicle market and with global trade policies.


Sentiment: NEGATIVE

Tickers: TSLAGOOGL

Keywords: donald j. trumpbusiness newsautoselon muskbreaking news: technologytechnologydonald trumptesla incventure capitalearnings

Source: https://www.cnbc.com/2025/04/22/tesla-tsla-earnings-report-q1-2025.html


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