File Photo: Elon Musk | Photo credit: Somodevilla chip
The Tesla CEO, Elon Musk, said Tuesday that he would “significantly” return the time he spent to the Trump administration from next month and spend more time directing the electric vehicle manufacturer.
Tesla’s shares, which had increased 4 percent in trade after a schedule just before a profit conference conference was committed, increased to negotiate 5.5 percent in Musk’s comments.
The comments occurred when the deliveries of the aging of the Tesla cars have been chopped. Investors have sold the company’s actions, assaulted by the doubt about how long Musk is spending the company because or its participation in the so -called Government’s efficiency department, where it has led efforts to reduce federal jobs.
Their actions have outraged some people, which leads to protests and vandalism in the Tesla exhibition rooms that have a leg reflected in a value of falling fire and an increase in shops. Sales in California, its largest American market, have fallen abruptly. Musk, at Tuesday’s telephone conference with analysts, acknowledged the company’s retreat.
After the closure of the market on Tuesday, Tesla reported profitability for its central cars business that exceeded rock background expectations and said it was on its way to producing an affordable car, offering some hopes to investors as sales have decreased.
But the EV manufacturer said it would have to reassess its growth forecast in three months because it was “difficult to measure the impacts of changing global commercial policy on automotive and energy supply chains.”
“The uncertainty in automotive and energy markets continues to increase as the rapid commercial policy impacts the global supply chain and Tesla’s cost structure and our persistent this dynamic, along with political feeling, could have had in OP in OP in OP in the OP in the short term,” he said.
Tariff tensions add more uncertainty. Tesla has stopped some imports of components of origin in China after US tariffs on the Asian country increased to 145 percent, Reuters reported. China has responded with its own tariffs, which led Tesla to suspend the new orders of the S and model X model in the country.
But its strongest margin than expected in the first quarter sacrifices a certain relief, since its cost of making and selling vehicles decreased more than 17 percent, driven by lower prices of raw materials and reduced Cyberruck disasters.
“In the context of catastrophic expectations, with everything from sales to the margins that are projected to continue the fall, Tesla investors have received the figures less than the news,” said Thomas Monteiro, Senior Analysting.com. “If this is the sausage that is obtained for Tesla, then there must certainly be some rise for shares once the tail winds, such as the cheapest model and the robotaxi, finally reach the market at the end of this year.”
The company has said that it plans to launch a cheaper car in the first half or 2025 using existing platforms and assembly lines, after discarding plans for a new and low -cost model. He reaffirmed that plan on Tuesday. Reuters reported exclusively last week that Tesla’s affordable models included an stripped version of the model SUV and, but that the beginning of production would be delayed at least a few months.
Tesla also said that the launch of a Robotaxi fleet in Austin, Texas, in June remained on the way. The company has been looking for a regulatory approach for that purpose, but there are serious concerns about the safety and risks of related litigation that could come with the implementation of the driving technology not proven in public streets.
The Gross Automotive Margin for the first quarter, excluding regulatory credits, fell to 12.5 percent of 13.6 percent in the fourth quarter, according to reuters calculations, compared to expectations or 11.8%, according to 21 analysts per visible.
The electric vehicle manufacturer reported revenues of $ 19.34 billion for the quarter of January-March, compared to estimates of $ 21.11 billion, according to the data compiled by LSE. Tesla reported earlier this month that you deliver them in the January-March period fell by 13 percent, since the company lost ground to the Chinese rivals, and Musk’s political actions as an advisor close to the president of the United States, Donald Trump, have damaged the brand.
The company’s shares, which closed to $ 237.97 on Tuesday, have almost been reduced by half since its December peak.
Analysts expect a second annual consecutive decrease in Tesla deliveries in 2025, despite efforts to boost sales through incentives such as free load and complete autonomous characteristics.
Tesla also withdrew all cybernetics delivered since the late 2023 and launched a version of the lowest price of $ 70,000. It has an inventory not sold of the electric truck in recent weeks.
Posted on April 23, 2025
