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Tesla profits drop 71% amid anti-Musk backlash [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The decline coincided with a sales slump and stock woes at the electric carmaker, and comes amid worldwide protests against CEO Elon Musk over his role in the Trump administration Total revenue decreased by 9% from one year earlier, to $19.3 billion, while revenue derived from car sales plunged 20% over the first three months of 2025 compared to a year ago, the earnings showed. In a statement, Tesla noted that "changing political sentiment" could impact demand for the company's products in the near-term. Tesla also cautioned about business impacts as result of the "current tariff landscape," saying the company is "taking actions to stabilize the business in the medium to long-term and focus on maintaining its health." "Uncertainty in the automotive and energy markets continues to increase as rapidly evolving trade policy adversely impacts the global supply chain and cost structure of Tesla and our peers," Tesla added. The announcement holds implications for Musk, the world'
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