The net result of Tesla in the first quarter of 2025 fell by 71%, to $409 million, which led Elon Musk to announce that he will significantly reduce the time he dedicates to the administration of U.S. President Donald Trump, starting next month in May.
On its part, Tesla’s revenue reached $19.3 billion in the first three months of 2025, representing a decline of 9% compared to the $21.3 billion achieved in the first quarter of 2024.
The brand led by Elon Musk also revealed that total vehicle production dropped by 16% to 362,600 units in the first three months of 2025, compared to the 433,400 vehicles produced in the same period last year.
The negative results from Tesla, revealed on Tuesday, come in the wake of a decline in car sales, particularly in markets such as China and Europe, as well as in the U.S.
Elon Musk’s political positions, having declared his support for Donald Trump and taken the lead of the U.S. Department of Government Efficiency (DOGE), in addition to supporting various far-right movements in Europe, have sparked a wave of protests in several countries, with sales of the American electric vehicle company experiencing a sharp decline since the beginning of the year.
However, the company justified that the results were impacted by the drop in sales, “partly due to the Model Y update across all four vehicle factories”, as well as the “reduction in the average vehicle price” driven by “sales incentives.”
