Tesla’s quarterly investor update is in, and it’s not pretty reading for the electric vehicle (EV) manufacturer.
Over the first three months of 2025, Tesla recorded operating income of US$399 million (~A$624 million) – down 66 per cent on the first quarter of 2024.
Automotive revenues were down by 20 per cent, attributed to falling sales across the model lineup. Tesla Model 3 and Model Y deliveries tallied 323,800 to the end of March, a 12 per cent drop on last year, while total deliveries were also down by 13 per cent.
Production also slowed by 16 per cent, with 362,615…
