Car sales brought in 20% less revenue, and net income fell by 71%. Moreover, analysts' forecasts did not come true: instead of the expected $21.11 billion, the company received $19.34 billion. This situation developed against the backdrop of loud statements about future successes, the development of artificial intelligence, promises to launch robotaxis, and Musk's increasingly prominent role in politics instead of managing the business.
However, there are also positive aspects: the margin turned out to be higher than expected, as the company managed to optimize costs. But this is little consolation, as the overall situation remains difficult.
Musk himself admitted that he was too engrossed in working with the Trump administration and promised to return to active leadership of Tesla and other projects as early as next month. After this statement, shares rose by 5.5%, but they still cost almost half as much as in December.
In addition, the company warns that it will have to adjust growth plans over the next quarter. The reasons are geopolitical changes, supply chain disruptions, and unpredictable demand.
So, while Elon Musk sets priorities, Tesla is taking a serious hit from the market. And although the company promises to recover, it seems that a difficult period lies ahead — and it is unknown whether it will manage to emerge victorious.
