Tesla estimates cut further on ‘unprecedented brand damage’
An analyst at Tesla Inc. More than more than Tesla Inc. For more estimates for the company’s profits, citing the size of the car buyer’s reaction against Elon Musk.
He said in a report on Friday that the delivery of vehicles in the first quarter was much lower even than JPMorgan Chase & Co.
Bruntman’s Books:
Tesla shares decreased more than 4 % at the beginning of normal trading. Since it reached a record level on December 17, the stock fell 44 % during Thursday.
During the first three months of the year, Tesla delivered 336,681 cars, which is the worst quarter of the year since 2022. In addition to changing production lines in both their assembly factories to build the redesigned form, the auto industry company was competing with Musk, its executive director, to become a more attractive character because of his interventions in global policy.
JPMorgan now expects Tesla’s profits to slip in the first quarter to 36 cents per share, which is less than its previous 40 cents and an average analysis of 46 cents.
Bruntman also reduced its entire year to $ 2.30 per share. On average, analysts that Bloomberg will receive the company’s estimate of $ 2.70 per share – BRINKMAN will notice that this number has decreased by 17 % since Tesla has reached the last quarterly profit in late January.
Musk is expected to back down from his role, which leads the initiative known as the Ministry of Governmental efficiency as soon as it is raised for 130 days as a temporary adviser to President Donald Trump, Bloomberg said on Thursday.
But the billionaire will have a major impact on the effort to reduce the federal costs and remain a friend of Trump after his official departure, according to the people familiar with the matter.
Tesla CEO is a private government employee, a classification of temporary federal appointments who are supposed to work only 130 days of the year in their roles. The people said that no official date was appointed to leave Musk, and the White House attorney office was responsible for determining when Musk worked 130 days.
After appearing as the largest contributor to Trump in the US presidential election, Musk put his attention in Europe early this year, as he attacked more prevailing political figures and harmonizing with advanced right -wing parties and activists. This is the opposite results for Tesla- sales decreased by 62 % in the last quarter in Germany, home to the company’s only vehicle assembly factory on the continent.
This story was originally shown on Fortune.com
2025-04-04 21:11:00
