Elon Musk said his time at DOGE will ‘drop significantly’ after earnings release

Tesla reported the loss of revenues from its electric cars, which decrease on an annual basis in the first quarter.

The electric car maker, managed by CEO Elon Musk, has achieved $ 13.97 billion of car revenues in the first three months of 2025, which represents a decrease of approximately 20 % from the same quarter of last year, according to its profits.

During the profit call, Elon Musk said that “allocating time for a fever will decrease significantly.” Doug, the Ministry of Governmental efficiency, was led by musk during the first days of the second Trump administration.

Tesla’s total revenue – including cars, power generation, storage, services and other revenues – reached $ 19.3 billion for the first quarter, as it decreased 9 % compared to the first quarter of last year.

According to the company, fewer vehicle delivery operations “partly to updating the Y model in all four vehicle factories” contributed to the decrease in its total revenues in addition to “the average selling price in a vehicle, due to sales and sales incentives” and other factors.

Delivery operations are decreased in the first quarter in Tesla in the amid slow demand, musk controversy

Earlier this month, the EV maker, who was dealing with protests and violence in recent months from the Musk website in DOGE, said that the complex deliveries that were recorded at 323,800 for the first quarter. In the same period of the three months of last year, 386,810 births.

Elon Musk talks to Donald Trump at the time and guests during the launch of the Spesx Sixth Speed ​​Testing Championship in Branezville, Texas, on November 19, 2024. (Brandon Bell/Baraka/Reuters)

According to Tesla, power generation and storing it in revenues of $ 2.73 billion, which is a 67 % jump on an annual basis. Meanwhile, services and other revenues grew by 15 % on an annual basis of $ 2.64 billion in the first quarter.

The company noted that “the uncertainty in the car and energy market is still increasing as the advanced trade policy rapidly affects the global supply chain and the cost of Tesla and our peers.”

“This dynamic, in addition to changing political feelings, can have a meaningful effect on the demand for our products in the short term.”

For net semester income, Tesla reached $ 409 million. Meanwhile, the company witnessed reduced profits of $ 0.27.

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Those that represent 71 % and 40 % declines, respectively, according to the profit report.

Tesla’s operating margin decreased at 343-Basis point, on an annual basis in the first quarter, at 2.1 %.

In its outlook, the company said that “it is difficult to measure the impact of changing a global trade policy on car supply chains and power supply, our cost structure and demand for durable goods and relevant services.”

Tesla model p (Brandon Bell/Getty Emima/File)

“While we are making wise investments that will create all of our cars and energy for growth, this year’s growth rate depends on a variety of factors, including the acceleration rate of our self -government efforts, the production slope in our factories and the broader macroeconomic environment.”

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Tesla also said it “is still on the right track” to start producing new cars in the first half of the year. More cars at reasonable prices are among those plans.

The current Tesla collection includes SS, Model 3, Model Y, Model X and Cyberrtruck. It also produces semi -electric companies.