04-22-2025, 09:28 PM
Tesla reported $409 million in net income on $19.3 billion in revenue after delivering almost 337,000 EVs in the first quarter of the year.
The company’s net income reflects a 71% drop from the same quarter last year. It was the worst quarter for Tesla deliveries in more than two years and came on the heels of the company’s first-ever year-to-year drop in sales. Tesla’s income was buffered by selling $595 million in zero-emissions tax credits, according to its earnings report — without those, it would have posted a loss.
https://techcrunch.com/2025/04/22/tesla-...sentiment/
Musk is saying he will drastically reduce his DOGE time and focus on the carmaker beginning in May.
The company’s net income reflects a 71% drop from the same quarter last year. It was the worst quarter for Tesla deliveries in more than two years and came on the heels of the company’s first-ever year-to-year drop in sales. Tesla’s income was buffered by selling $595 million in zero-emissions tax credits, according to its earnings report — without those, it would have posted a loss.
https://techcrunch.com/2025/04/22/tesla-...sentiment/
Musk is saying he will drastically reduce his DOGE time and focus on the carmaker beginning in May.