The high-end electric car manufacturer suffered in the first quarter of 2025 from boycotts linked to its involvement in the Trump administration, as well as increased competition from Chinese brands. Its sales and, even more significantly, its results fell sharply during the first three months of the year.
These are definitely not good times for Tesla…
While its CEO, Elon Musk, has never been so much in the news, albeit in a very divisive way since his appointment by Donald Trump, the high-end electric car brand is struggling…
Disappointing performance
On April 22, the American manufacturer unveiled disappointing results for the first quarter of 2025. Its revenue fell 9% to $19.33 billion, while its net profit plummeted 71% to $409 million. This is significantly lower than the consensus forecast by FactSet analysts, which was $21.13 billion and $1.44 billion, respectively.
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Read also > Tesla: how to explain the car maker’s downfall?
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