Tesla report low than expected earnings on Tuesday , with first - quarter profits cast 71 % on much lower sales of electric vehicle . The tidings is n’t all surprising , given the fact that Tesla CEO Elon Musk is the public face of the company and go along to help President Donald Trump destroy the U.S. federal political science while peddling far - right extremism on his social spiritualist platform X.
Musk tried to put a more or less rosier twirl on the state of his EV company in anearnings callTuesday , but he still sounded very depressed . The billionaire ’s tone was curb as he emphasize the autonomous hack drive that he would be found in Texas this June would n’t be the Cybercab vehicles many citizenry on social media had expect . The party will only be operating Tesla Model Ys to pick up passengers , deflate news for some who had hoped Musk might give up something unique .
Tesla cover $ 19.3 billion in revenue in the first quarter , down 9 % compared with the same period a year earlier . The company produced 362,000 vehicle and delivered over 336,000 . Deliveries of Tesla ’s Model 3 and Model Y were down 12 % . While the caller does n’t break up out official figures for the Cybertruck , the product pail that includes that truck was down 24 % , perhaps because it ’s the vehicle most associated with Musk ’s brand of fascism .
Elon Musk, CEO of Tesla, during a cabinet meeting at the White House in Washington, DC, US, on Thursday, 17 February 2025.© Photographer: Shawn Thew/EPA/Bloomberg via Getty Images
The Cybertruck start delivery in late 2023 , after Musk had begun expressing racist andantisemitic estimate . consumer probably take anyone with a Cybertruck is fully on card with Musk ’s agendum , while owners of Model 3 and Model Y vehicles are given a bit more leeway since the cars predate the billionaire oligarch unmasking himself as an overt villain .
Tesla report adjust wage - per - part of 27 cents , far humbled than expectations from analysts of 41 cents . The only bright spotlight in the company ’s numbers were the $ 595 million in revenue brought in from C credits , the money pay up by railroad car company get traditional accelerator pedal - powered vehicles to offset the pollution they generate . Without those carbon credit , Tesla would ’ve posted an operating loss for the quarter .
As theWall Street Journalnotes , Tesla is facing a future of high tariff if President Trump ’s ridiculously high taxes on imported good remain . The cars that Tesla sells in the U.S. are manufactured in California and Texas , but many of the contribution are imported from other state and attain with 25 % tariffs . Musk has been outspoken against tariffs and stress on Tuesday ’s earnings call that he was “ one of many advisor to the president , I ’m not the President of the United States . ”
© Photographer: David Paul Morris/Bloomberg via Getty Images
Musk often tries to distract from bad news with splashy announcements . As one deterrent example , Reuters account back in April 2024 that Tesla was planning to pivot away from develop a cheap , long - anticipated $ 25,000 fomite . After that report add up out , Muskrushed outan announcement that he would produce a robotaxi , an event that wasdelayedfrom that summer to the fall of 2024 . The actual unveiling was underwhelming to say the least , with some extremely deceptivemagic tricks , and Musk continue to predict bighearted affair about his Cybercab while we all wait . Musk insisted Tuesday that there will be fully independent cab rides in Austin , Texas , by June , they just wo n’t be Cybercabs .
“ The Teslas that will be fully autonomous in June in Austin will be Model Ys , so that is presently on trail to be able to do ante up ride , to the full autonomously in June , and then to be in many other cities in the U.S. by the end of this class , ” Musk saidon the call .
Many mass had antecedently taken his promulgation about the Austin launching as a signal that he would be deploy the Cybercabs he announce back inOctober 2024 . But it will take twelvemonth and maybe decades for the Cybercab to become a reality at graduated table , if they ever do , according to most self-directed drive expert .
Musk received a question from an analyst on the earnings call about detail involving the kind of distant ascendance that may be needed to operate his robotaxi service , but he seemed extremely reluctant to explain . “ It ’s only a couple calendar month away . So you’re able to just see for yourself in a mates calendar month in Austin , ” Musk said .
The earnings call on Tuesday was perhaps notable for have far less hype than usual . Yes , Musk tried to predict that his Optimus robots would be operating in Tesla factories by the final stage of 2025 . And he made some other faint futuristic promise about full ego - driving in the coming years . But Musk ’s tonus was observably downbeat and he did n’t have the same carnival - vogue salesmanship that often accompany any public facing declaration for Tesla .
Tesla dealerships and saleroom have been the site of aggregated protest across the country since Musk launched DOGE , the so - called Department of Government Efficiency . There have also been cases of vandalism and arson , with some people facing federal terrorism charges contribute by the U.S. Department of Justice . Musk insisted on the salary call that protest against him are “ very devise ” and “ paid for , ” repeat suggestions he ’s made antecedently about shadowy financiers who are supposedly funding demonstration . Musk also say the “ real reasonableness ” there are protests against him is that people who are receive deceitful money from government agencies that are now incur cut . Musk has never provide any evidence for this assertion .
Notably , Musk say he would be stepping back from DOGE after May but did n’t go into any detail about what that would think . Even though he say he would be ease up on his involvement , the billionaire said that he would stay on in the authorities through President Trump ’s entire term , which is only presuppose to last four years . Trump has enunciate repeatedly he ’d wish to stay in situation beyond that , which would be flatly unconstitutional .
In his relatively brusque time in government , Musk has helped destroyed vital serve and unlawfully abolished the United States Agency for International Development . DOGE has been credited with laying off over 280,000 people at 27 different government authority , accord toCBS News , and Musk has been particularly hardhearted to those mass , insist they should get “ genuine line . ”
Musk and DOGE do n’t in reality have the effectual authorization to do almost any of this so - called toll - cutting , since Congress alone has the sole authority to produce agencies , allocate investment company , and take those funds aside when it decides to do so . But that has n’t stopped Musk , who seems to believe he canunilaterally cutanything he want .
improbably , DOGE is reportedly not even doing much to cut actual spending by the U.S. government activity , according to theNew York Times . How could that be ? Well , the vast majority of federal spending is on things like the U.S. military , Medicare , Medicaid , and Social Security . And while there has been some proposals to cut programs at the Pentagon , that ’s money which will reportedly be drop on Trump ’s preferent projects like the Golden Dome projectile Defense Department broadcast . Cuts to program like Social Security have been relatively pocket-sized so far but they ’re already causing longer look times for seniors trying to get avail over the speech sound . And there ’s no order what they ’ll swerve next after the congressional Republicans attempt to take their ax to Medicaid with their latest budget eyeshade .
Musk , along with Trump , has help what the billionaire oligarch has repeatedly called arevolution . But it ’s such an anti - human attack on anything good in America , that it ’s no wonderment consumers have decided maybe grease one’s palms a Tesla is n’t for them .
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