Tesla’s First-Quarter Profits Tumble 71 Percent

The electric vehicle maker warns of ‘uncertainty’ in the global economy.
Tesla’s First-Quarter Profits Tumble 71 Percent
A Tesla Cybertruck is displayed at a Tesla dealership in Corte Madera, Calif., on Dec. 20, 2024. Justin Sullivan/Getty Images
Andrew Moran
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Shares of Tesla Motors were little changed in extended trading after the electric vehicle maker’s first-quarter earnings report fell short of Wall Street estimates.

Total revenues fell by 9 percent to $19.34 billion from $21.3 billion a year earlier, and automotive revenues plunged 20 percent to $14 billion from $17.4 billion last year.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."