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
Keywords: donald j. trump, business news, autos, elon musk, breaking news: technology, technology, donald trump, tesla inc, venture capital, earnings,
Source: https://www.cnbc.com/2025/04/22/tesla-tsla-earnings-report-q1-2025.html