New York, April 22, 2025 (AFP) - Tesla says profits plunge 71%, warns of 'changing political sentiment'

NAMPA / AFP

2025-04-22

Tesla reported a 71 percent drop in first-quarter profits Tuesday in results that lagged analyst estimates as Elon Musk's automaker warned of a hit to demand due to "changing political sentiment." The electric vehicle producer reported profits of $409 million following a drop in auto sales that analysts said reflected brand damage due to Musk's work for the Trump administration. Revenues fell nine percent to $19.3 billion. The company retreated f......

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Law & Politics

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