Lai brought tesla The company reported on Tuesday, 20 percent less motor vehicle revenue at the end of the previous year as compared to the previous year, as the demand for its electric cars is submerged worldwide. The drop also crossed the predictive Wall Street analysts’ predictions.
By late noon, CEO Elon Musk and other company leaders appeared for a quarterly update calls for investors, the stock prices appeared relatively stable on the news. Overall, however, the stock price of the electric automaker is more than 40 percent from the end of 2024.
In a slide deck prepared for investors, Tesla pinned the drop on a decline in delivery, some that said that for the modified versions of its best -selling electric cars were related to the need to retaliate some of its production lines.
The document clearly had a clear dispute around Kasturi and his participation with President Donald Trump’s government. Musk, which is called “first friend” and regularly spends weekends with Trump in Florida, is the head of the so -called department of government’s efficiency, responsible for making the federal budget deduction, which has affected everything from the data secrecy of immigrants, groundbreaking disease research, federal disaster response, for consumer financial security. Musk’s participation has boycotted Tesla’s cars and massive protests in the US and Europe.
On a call with investors, Musk suggested that the protesters had nefarious objectives. He said, “Protests – they are very organized, they are paid, they are not clearly not going to accept that they are protesting that they receive fraud money and are the recipients of useless largasy. But this is the real reason for the protest,” he said.
Musk said he would spend less time on Dogge, which began in May, although at the end of Trump’s tenure, he would continue to dedicate “one or two weeks per week” to the effort.
Overall, the company’s revenue was 9 percent lower than last year.
Musk told investors, “We are not on the side of death, not even close.”
The numbers put additional pressure on Tesla’s upcoming Self-Driving Service, which is ready to launch in Austin, Texas in June, and cybercabs, a purpose-manufactured robotaxi. CEO Elon Musk has argued that Tesla’s future has been pinned to its success in self-driving and autonomous technology, including not only self-driving cars but also the company’s humanoid robots, optimus. Musk said in 2023, “The price of the company is primarily based on autonomy. This is really, I think, the main driver of our value,” Musk said in 2023. (He has expressed similar feelings many times.)
Earlier this year, Musk told investors that Tesla would start autonomous driving technology in Austin and California this year, with a robotaxi service in the city of Texas in June. Tesla has since received a permit to operate the driver-ad taxi service in California, although the drivers behind the wheel will require many more permits to win and win to operate that service without the drivers. According to the email obtained through the public records requested by Wired, it has interacted with the city of Palo Alto, where its engineering teams have headquarters, eventually to provide a ride service there. (Due to the low stringent rules of Texas, the car manufacturer does not require additional permits or government sign-off to operate a driverless service in Austin.)
Cybercab’s success, which is ready to go into production in 2026, is particularly important because Tesla does not have many other car projects on the horizon. A long -awaited, more economical electric vehicle was a modified but still downgrade in a cheap version of its popular model Y rather than a full new vehicle last year. Last week, Roots Told that more cheap was delayed for at least several months.
In a slide deck for investors, Tesla wrote that it is expected to be influenced by uncertainty related to the “developed trade policy”, which the company says probably will affect both Tesla’s global supply chain and what it spends to manufacture its products. “This dynamic, with changing political spirit, could have a meaningful impact on the demand of our products in the near period,” Deck said.
This is a developing story. Check back soon for updates.
