“Big Money Show” talks about Tesla’s future revenue calls and Elon Musk’s future at Doge.
Tesla reported revenue losses from fall electric vehicles year-over-year in the first quarter.
The electric car maker run by CEO Elon Musk generated $139.7 billion in car revenue in the first three months of 2025, down nearly 20% from the same period last year, according to revenue announcements.
During the revenue call, Elon Musk said “time allocation to Doge will be significantly reduced.” Doge, the government’s efficiency department, was led by Musk in the early days of the second Trump administration.
Tesla’s overall revenue, including automobiles, energy generation and storage, services and other revenue, was $19.3 billion in the first quarter, down 9% compared to last year’s first quarter.
The Tesla Model 3 will be seen at the company’s store in Palo Alto, California on January 28, 2025. (David Paul Morris/Bloomberg via Getty Images)
The company said fewer vehicle delivery “due to partially Model Y updates across all four vehicle factories,” which contributed to lower total revenues and “reduced average vehicle sales prices due to mixing and sales incentives,” as well as other factors.
Tesla’s first quarter delivery will decline amid slow demand, musk controversy
Earlier in the month, the EV maker, which has been dealing with protests and violence in recent months due to Musk’s position at Doge, said delivery of vehicles administered at 323,800 in the first quarter was recorded. Over the same three months last year, we delivered 386,810 deliveries.
Elon Musk will speak with then President Donald Trump and his guests during the launch of the 6th Test Flight of SpaceX Starship, held in Brownsville, Texas on November 19, 2024. (Brandon Bell/Pool/Reuters)
According to Tesla, its energy production and storage generated revenue of $2.733 billion, a 67% jump from the previous year. Meanwhile, services and other revenues rose 15% year-on-year to nearly $2.644 billion in the first quarter.
The company says, “Uncertainty in the automotive and energy markets continues to increase as rapidly evolving trade policies have a negative impact on the global supply chain and cost structure of Tesla and our fellow members.”
“This dynamic, along with changing political sentiment, could have a meaningful impact on the demand for our products in the near future.”
Regarding quarterly net income, Tesla reported $409 million. Meanwhile, the company considered its earnings per share to be $0.27.
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According to the revenue report, they represent a decline of 71% and 40%, respectively.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 237.97 | +10.47 |
+4.60% |
Tesla’s operating margin reached 2.1%, marking a 343 baseline decline in the first quarter compared to the previous year.
The company said “it is difficult to measure the impact of a shift in global trade policy on the automobile and energy supply chains, our cost structure and demand for durable goods and related services.”
Tesla model y (Brandon Bell/Getty Images/File)
“We have made careful investments to set up both the vehicle and the energy business for growth, but this year’s growth rate will depend on a variety of factors, including the acceleration rate of autonomous efforts, production ramps at factories, and the broader macroeconomic environment.”
The president of the US Oil and Gas Association purchases Tesla vehicles as a way to “protest against protesters.”
Tesla also said it was “on track” to start production of new vehicles early in the year. A more affordable vehicle is one of these plans.
Tesla’s current lineup of vehicles includes the Model S, Model 3, Model Y, Model X and Cyber Truck. We also produce electric semi-trucks.
