Tesla Profit Sinks, Hurt by Political Backlash -- WSJ

Dow Jones

Apr 23, 2025

By Sean McLain

Tesla's net income slid 71% in the first quarter, as the company struggled to overcome competitive pressure overseas and a reputational hit from Chief Executive Elon Musk's polarizing role in the Trump administration.

The company also reported adjusted earnings-per-share of $0.27, which missed analysts' expectations of $0.41.

Tesla's core auto business is under pressure. The company's global vehicle deliveries fell 13% in the first quarter, partly because of a consumer backlash against the brand in response to Musk's role as President Trump's cost-cutting czar. Tesla has faced protests across the U.S. and Europe, and some of its stores and charging stations have been vandalized or even set on fire.

-- This breaking-news article will be updated.

Write to Sean McLain at sean.mclain@wsj.com

(END) Dow Jones Newswires

April 22, 2025 16:13 ET (20:13 GMT)

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The company's global vehicle deliveries fell 13% in the first quarter, partly because of a consumer backlash against the brand in response to Musk's role as President Trump's cost-cutting czar. 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The company's global vehicle deliveries fell 13% in the first quarter, partly because of a consumer backlash against the brand in response to Musk's role as President Trump's cost-cutting czar. Tesla has faced protests across the U.S. and Europe, and some of its stores and charging stations have been vandalized or even set on fire. \n\n\n     -- This breaking-news article will be updated. \n\n\n     Write to Sean McLain at sean.mclain@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 22, 2025 16:13 ET (20:13 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}