AI Summary
Tesla cars
Tesla’s profit dropped sharply in the first quarter of 2025, as revenue declined amid unfavorable conditions facing the company due to Chinese competition, global trade tensions, and CEO Elon Musk’s involvement in political affairs.
The electric vehicle maker said in its financial report released on April 22 that distributable net income—a key profitability metric—tumbled 71% year-on-year (YoY) to $409 million in the first three months of 2025.
Topline decreased by 9% YoY, as revenue from auto business dropped 20%. Meanwhile, the company’s energy generation and storage segment recorded a 67% YoY rise in revenue, reaching $2.73 billion. Revenue from other services grew by 15% YoY to $2.64 billion.
Earlier this month, Tesla announced that its vehicle deliveries—a key metric of sales—fell 13% YoY to 336,680 units in Q1.
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Q1 2025 Financial Results |
|
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|
Item |
Q1 2025 |
Q1 2024 |
Forecasts |
YoY |
|
Revenue ($ bln) |
19.335 |
21.301 |
21.11 |
(9%) |
|
Distributable Net Income ($ bln) |
0.409 |
1.39 |
-- |
(71%) |
|
Adjusted EPS ($) |
0.27 |
0.60 |
0.41 |
(40%) |
|
Auto Revenue ($ bln) |
13.967 |
17.378 |
-- |
(20%) |
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