The Tesla car giant misses the expectations of the analysts and in the first quarter of 2025 regarding the profit and income of the company, against the background of the significant decrease of the car deliveries. Total revenues decreased in T1/2025 by 9% reaching $ 19.3 billion. The profit of the company collapses by 71% in the first quarter of $ 409 million. Revenue in the automotive industry decreased by 20%, to $ 14 billion, down 3.5 billion dollars compared to the same period last year. The main reason for this income decline is given by decreasing the deliveries of electric vehicles. Tesla says this is partially due to updating the new Y model and lowering average selling prices for vehicles. The company delivered 336,681 vehicles globally in the first quarter, under the expectations of analysts on Wall Street. This represents a decrease of 13% compared to 386,810 units in the previous quarter and 32% compared to 495,570 units in the fourth quarter, the lowest level of the second quarter of 2022. Thus, Tesla is dethrone by the Chinese company by the production and delivery of electric cars from the world. However, despite the reports, Tesla shares before opening the market are traded to $ 254 at the time of writing the news, up 7%. Elon Musk said on Tuesday that he will spend less time at the Washington Trump administration and will be more focused on Tesla operations.
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