23/4/2025, 9:09:02 am

Tesla Q1 Results: Net profit drops 71%, revenue falls 9%

Tesla's Q1 profit fell 71% year-over-year to $409 million, with revenue dropping 9% to $19.34 billion, below expectations. Automotive gross margin declined to 12.5%. Tesla withdrew its 2025 guidance due to market uncertainties but remains on track to launch new vehicles and its Robotaxi. Musk plans to reduce his White House role, boosting Tesla's stock by 5.5%.