Tesla’s Earnings Are Even More Brutal Than We Expected

Tesla released its profits in the first quarter-and the numbers are more brutal than we expected.

The besieged car maker missed the expectations of the analysts away, and informed that his net income had slipped by 71 percent since the first quarter of last year.

The company’s total revenue decreased by nine percent compared to the same period last year. The business of its cars was in particular pain, as revenues decreased by 20 percent, as buyers are increasingly looking elsewhere in the face of the ongoing controversy.

The main number responsible for the problem is that the CEO of Elon Musk, who has been widely criticized for EV’s brand with the mud with its extremist views and the retreat of catastrophic government budgets with the help of the so -called government efficiency management after contributing hundreds of millions of dollars to the efforts to re -election Donald Trump.

The increasingly anti -Mesaad feelings produced the entire “Tesla Taketedown” movement, with countless demonstrators in the showrooms across the country.

Sales have decreased from Jurf all over the world, with Tesla Bull and Wedbush Securities a long time ago, Dan IVES Warning that Musk has created a company “Red Red”.

Earlier this month, Tesla revealed that the number of vehicles that I delivered decreased by 13 percent in the first quarter of this year during the same period last year.

Investors have expressed their concerns about the CEO of Mercury, who abandons the car maker in favor of government agencies.

“Musk needs to leave the government, take a big step to Doug, and return to the CEO of Tesla full -time,” Ivees argued in the Sunday memo to customers. “Tesla is musk and musk is Tesla … and anyone who believes the brand that Musk is attached is not a real thing, spending some time speaking to the car buyers in the United States, Europe and Asia.”

It is more complicated by Trump’s trade war. A 25 percent tariff can be proven on catastrophic car imports for Tesla. as Wall Street Journal Reports, Tesla depend on affected countries, including Mexico, for auto parts.

On the shareholders ’platform, Tesla confirmed that the trade war was hurting it. The company has warned the investors that “uncertainty in the car and energy market is still increasing as the advanced trade policy rapidly affects the global supply chain and the cost cost in Tesla and our peers.”

One of the fields in which modest revenues are achieved: the carbon balances it receives from other auto manufacturers, who paid $ 595 million to compensate for carbon dioxide pollution from their gas vehicles.

In short, Tesla is now bad. The price of its share has decreased more than 50 percent since it reached the highest level ever shortly after Trump was elected late last year.

The company is not promising smoother water in the introduction this year, as it just writes that it “will reconsider our 2025 guidelines in our Q2 update.”

More about Tesla: Previously Tesla Megainvestor: “Red Code”